Table of Contents
- 1 NetSuite ERP for Hospitality Features
- 2 Financials and Accounting
- 3 Procurement
- 4 Inventory Management
- 5 CRM, Guest Service and Marketing
- 6 Fixed Assets Management
- 7 Franchise Management
- 8 How Do NetSuite Hospitality ERP Impact Restaurants?
- 9 FAQs
- 9.1 Q1. What is NetSuite Hospitality and Restaurants Management?
- 9.2 Q2. How much does NetSuite Hospitality Management cost?
- 9.3 Q3. Why NetSuite for Hotels and Hospitality?
- 9.4 Q4. How to get NetSuite for Reataurants and Hospitality?
- 9.5 Q5. How NetSuite Hospitality Management Can Empower Your Business?
Modern day hospitality businesses require a single and scalable foundation to connect data sources and manage their business effectively. Moreover, they need to adapt to consumers’ ever-changing preferences along with rising food and labor costs. Hence, innovation continues to drive within the restaurant and hospitality industry. Of all, NetSuite ERP with its Hospitality Management renders modern and lightweight restaurant software solution for businesses of all types in Hospitality Industry to drive revenue and reduce costs.
With a solid foundation of back-end financials and inventory in a unified cloud platform, restaurants, franchises, hotels, and all other business types can elevate their operations by meeting their changing business needs including point-of-sale integration, commissary, franchise management, and more. With NetSuite Hospitality Management, these businesses can better serve their customers and retain their interest in the long run.
NetSuite ERP for Hospitality Features
This ERP for Hospitality Industry enables businesses to drive insights and innovation around restaurant financials, menu management, procurement, and improve overall guest experience.
Financials and Accounting
By leveraging NetSuite Hospitality ERP, you can custom fiscal calendars and multi-concept/location consolidation to increase staff productivity. This enables you to close the books faster and drive business benefits from robust reporting tools for improving financial performance.
Procurement
NetSuite ERP for Restaurants helps manage your vendors and purchasing processes. You can steer increased visibility and gain better control to drive down cost of goods sold. By leveraging par levels and reorder points, you can ensure that you always have the right amount of product on hand.
Inventory Management
Businesses in Hospitality Industry can track ingredient inventory from purchase to plate with various recipe types, multiple units of measure, transfers, and dashboard KPIs. Business administrators can quickly perform shelf-to-sheet cycle counts by storage area and shelf. This ERP enables them to maintain count templates with drag-and-drop functionality.
CRM, Guest Service and Marketing
NetSuite Hospitality Management lets you have a better understanding of your guest behavior through the guest service dashboard. You can manage, resolve, and track guest inquiries and complaints with case management. This helps improve guest satisfaction and entice their interest back. Additionally, you can build email marketing campaigns to track performance as well.
Fixed Assets Management
You can manage the complete asset lifecycle of your hospitality business and easily report on, and track depreciating or non-depreciating assets, equipment warranties, and set up maintenance schedules.
Franchise Management
If you are acquiring new franchisees, or opening new stores, NetSuite Hospitality Management lets you manage and bill for projects, collect franchise royalties and recurring fees, and run consolidated sales reporting all in one, unified system.
How Do NetSuite Hospitality ERP Impact Restaurants?
Leading hospitality businesses report that unwieldy back-office processes cause several serious challenges. To overcome all such mission-critical issues, NetSuite Hospitality Management is the key.
- Spending even more time and money away from the guest when other costs are rising in the business.
- Disparate systems make it difficult to centrally manage critical operational costs like food and labor.
- Supply chain/procurement
- Guest satisfaction and retention
- Experimenting with a new menu item but struggles to define, deploy and report on menus for sub-regions NetSuite Hospitality Management
- You can’t scale quickly enough to step up to the next level, particularly when the people have started liking your product more than ever.
All these challenges can be easily mitigated leveraging the core capabilities of NetSuite Hospitality Management. To better comprehend the application and make the most of your judicious business investment, you can connect with a certified and award-winning NetSuite Partner—inoday.
Our NetSuite Consultants can let you explore more growth opportunities with this software solution as they hold expertise and experience over the subject. You can save both your time and cost by connecting with us and grab an adaptable solution to take your hospitality business to next level success.
For more details around NetSuite ERP for Hospitality Industry, write to us at info@inoday.com Or Schedule A Demo
FAQs
Q1. What is NetSuite Hospitality and Restaurants Management?
Ans. This is a cloud-native software solution to streamline key operation under hospitality, including franchise, restaurants, and hotel chains. Businesses can make the most of NetSuite for Hospitality helps ensure high operational efficiency, robust workforce management, and elimination of manual procesess. This software solution helps hospitality businesses serve exclusive services to their clientele and help them have an unrivaled experience of lodging and food.
Q2. How much does NetSuite Hospitality Management cost?
Ans. The pricing or cost of NetSuite Hospitality Management widely varies depending on the number of users and features. Here, you can connect with a certified NetSuite Partner to estimate the cost according to your business needs.
Q3. Why NetSuite for Hotels and Hospitality?
Ans. NetSuite for Hotels and Hospitality is a single system that offers real-time updates across financial reports, inventory, POS, CRM, human capital management. You can enhance analytics, explore delivery models, and enter new geographies with this inventive solution.
Q4. How to get NetSuite for Reataurants and Hospitality?
Ans. You can consult with a certified and award-winning NetSuite Partner—inoday. Our NetSuite Consultants are experts at delivering successful implementation and their expertise over the application can let you drive optimum business benefits out of it.
Q5. How NetSuite Hospitality Management Can Empower Your Business?
Ans. You can leverage NetSuite for Hotels and Hospitality to manage the complete asset lifecycle whether it’s a restaurant, hotel, or franchise. This extensively orchestrated software solution helps hotel and hospitality industry improve guest service and ensure returning customers with holding a trust in the brand.
