
Most businesses initially rely on localized financial software to meet their daily accounting and tax management needs. As the business and organizational scales expand, and product lines rapidly diversify, the front-end business structures become increasingly complex. The traditional financial management model, which relies on contract payments for invoicing and accounting, struggles to meet the demands of business growth and regulatory compliance. At this juncture, companies require an integrated business and finance system to overcome key obstacles such as the disconnect between business and finance, budgetary loss of control, and compliance management, thereby providing more accurate decision-making support.
Oracle NetSuite stands out as a preferred choice for clients, primarily due to its differentiated advantages in efficiency, intelligence, and compliance:
- Agile and Flexible: Oracle NetSuite is designed to be highly adaptable, capable of adjusting to rapid expansions and the swift changes in financial data, ensuring readiness for any demand.
- Secure and Compliant: Oracle NetSuite ensures business compliance in financial and data management, reducing the risks associated with business processes and data governance.
- Intelligent and Efficient: Oracle NetSuite supports intelligent approval processes, automating complex approval workflows using historical data and customer behavior, and accurately predicting potential risks and business opportunities.
The automated processes built with Oracle NetSuite not only enhance management efficiency but also propel companies into the next phase of modern management:
- Efficient Management with Real-time Insights: Oracle NetSuite significantly improves the efficiency of monthly report generation and supports real-time financial reporting and analysis, enabling managers to quickly grasp the state of business operations.
- Integrated Business and Finance, Breaking Data Silos: Oracle NetSuite fully integrates various business and financial systems, forming a digital closed loop across different business lines, achieving unified management of business and finance.
- Adaptable and Responsive, Providing Data on Demand: In the face of complex and variable project-based businesses, Oracle NetSuite demonstrates strong adaptability, capable of promptly adjusting master data according to business needs.
- Compliance Management, Reducing Operational Risks: Leveraging Oracle NetSuite's underlying architecture, features such as multi-currency and global tax compliance modules meet the requirements for financial and tax compliance management, reducing operational risks while ensuring the security of corporate data.
With Oracle NetSuite's support, the integration of business and finance in consulting firms deepens further. It aims to achieve a "people and task integration" business management model and gradually integrate revenue and expenditure management systems, banking systems, and tax systems. On the Oracle NetSuite platform, a system covering the entire business and financial process is constructed to enhance the refined management level of business operations, solidify the management foundation for innovation and exploration, and open up more possibilities for future business expansion.
If you are interested in expanding your operations in China and digitalize your HR operation, but are unsure where to start, contact us today. Our team of experts can provide the guidance and support you need to succeed in the Chinese market.