How Renewable Energy Companies Can Benefit from ERP Software

January 27, 2022

Renewable energy companies worldwide are competing for market share. These organizations are updating their processes and IT systems to take advantage of every opportunity that arises in a growing space. Some of those opportunities involve the integration of production processes, supply chains, distribution networks, and product development.

With the flexibility of cloud ERP (Enterprise Resource Planning) computing, a renewable energy company will be free to pursue the innovation that will make it successful rather than struggle with the demand of maintaining software and hardware. Forward-thinking and dynamic, NetSuite provides these companies with the solutions they need.

Why Does a Renewable Energy Company Need an ERP?

Renewable energy companies are experiencing rapid transformation. The U.S. Energy Information Administration (EIA) reports that 24% of U.S. electricity is expected to be sourced from renewables by 2030, an increase from just 17% a few years ago.

Consumer demands coupled with capital expenditure and regulatory requirements are driving energy companies to invest in upgraded facilities and processes. This industry can benefit from ERP solutions because they offer the efficient management of relationships, inventory, and assets.

The Benefits of NetSuite ERP for Renewable Energy Companies

If your renewable energy business has decided to take a look at ERP solutions, which one should it focus on? NetSuite is the world’s largest cloud-based ERP solution, and it is a common choice among businesses in this space for a variety of reasons.

Comprehensive Financial Management

NetSuite is a comprehensive financial management solution, meaning you can pay bills, receive electronic payments, track and manage your financials, ensure proper compliance, and much more.

Integrated Budgeting and Forecasting

NetSuite integrates planning, budgeting, and forecasting tools in a single system to ensure your renewable energy company has the data it needs to produce financial stability and drive growth.

Customer Relationship Management (CRM)

Get a 360-degree view of your organization and its key clients, all in one place, allowing you to break down those unproductive silos.

Revenue Management

Report your organization’s revenue according to your parameters with accuracy and confidence.

Inventory and Supply Chain

Get a complete view of your inventory and every player in the supply chain so that you can minimize storage and transportation costs and keep your customers satisfied.

Spend Management

Acquire the goods and services you need to keep your renewable energy business operating without interruption and at the most optimized cost.

Business Intelligence

Get the insight you need into your renewable energy business through a variety of reporting and analytics solutions, available in both real-time and on-demand.

Global Business Management

NetSuite is scalable, meaning you can manage multiple business units or subsidiaries, whether they be across town or on the other side of the globe.

How Renewable Energy Companies Can Investigate NetSuite

Considering all the benefits of an ERP software solution for renewable energy companies, it makes sense to investigate further. Since NetSuite is the leading cloud-based ERP solution and is one of the most user-friendly options, this is one that you should put at the top of your list.

Contact StratusGreen today to set up a personalized NetSuite Demo. We are a certified NetSuite Solution Provider and would be happy to provide assistance.