Renewable Energy

NetSuite for Renewable Energy Firms

In recent years there has been a significant increase in demand for cleaner forms of energy as we strive to reach carbon neutral targets and shift away from traditional sources of energy. To truly take full advantage of these global opportunities and be competitive in a crowded market, Renewable Energy firms need a modern and adaptable ERP system like NetSuite that will allow them to easily scale and quickly set up multiple entities, keep up with the latest regulations, streamline processes and provide powerful insights into financial and business performance that drive data-driven decisions!

Multiple Entity Management

Many firms involved in the sector from production to manufacturing of equipment have multiple entities, operating across multiple counties, currencies, and books. Within a single instance of NetSuite, NetSuite OneWorld allows you to quickly set up subsidiaries and consolidate local, regional, and global business activities, giving you the power to seamlessly handle multiple currencies, taxation rules, and reporting requirements across businesses’ multinational and multi-subsidiary operations.

A Scalable Solution

Professional Services Automation (PSA) removes manual, time-consuming processes, minimises human error, and increases efficiency, providing a scalable solution that grows with you. For example, roll out standard business processes and deploy them across divisions and subsidiaries at the click of a button, automate order-to-cash process, and effectively plan, manage, track, and analyse the performance of projects.

Industry-specific integrations

Renewable Energy firms have specialist business operations systems that need to integrate with a capable platform. For example, OpenAir is a powerful project management solution that supports the entire project delivery lifecycle and stops you from relying on spreadsheets and disconnected systems to plan and track project activities and manage resources.

A system that takes care of everything

Renewable Energy companies can leverage the full suite of products available within their instance of NetSuite. Have everything you need to run a successful business at your fingertips with NetSuite’s unified business management suite which takes care of a wide range of business processes such as Financials, Projects, Asset Maintenance, Billing, and Inventory Management all in one system.

Supply chain and invoicing

Easily manage your entire supply chain across multiple locations from procurement and vendor management to inventory control and shipping from a single unified NetSuite account. Leverage comprehensive real-time reports on inventory enabling you to forecast with confidence, maintain sufficient inventory levels, and optimise procurement, production, and distribution processes.

Reporting and Real-time Insights

NetSuite’s robust and comprehensive reporting and analytics capabilities provide you with a detailed view of your financial performance, reporting on both accruals and cash basis. Make data-driven decisions with remote real-time insights into company performance across all business functions and sites such as wind farms, and operating stations. From summary level to transaction level, track and report on key performance indicators (KPIs) such as energy generation and consumption, carbon emissions, and customer satisfaction.

While sustainable energy has become a key objective for many countries worldwide, your focus shouldn't be on manual, time-consuming back-office tasks. You need a unified, modern, and adaptable system such as NetSuite to scale operations efficiently and quickly. With the support of an award-winning NetSuite Alliance Partner like SANSA to guide you through the process with clear project plans and roadmaps in place, you can be sure your transition to NetSuite runs smoothly and aligns with your business objectives.