Oracle Netsuite
NetSuite is a cloud-based business software suite that provides accounting, ERP, CRM, and e-commerce solutions. It is designed to help hotels enhance their transparency and operational efficiency, which can lead to increased revenue and profitability.
About Oracle Netsuite
Oracle NetSuite is a cloud-based ERP and business management software that provides a unified platform for businesses of all sizes and industries to streamline operations, gain real-time insights, and optimise performance. With a history of innovation dating back to 1998, NetSuite has become a trusted solution for organisations worldwide.
From financial management and CRM to e-commerce and global operations, NetSuite offers a comprehensive suite of applications to support your end-to-end business needs. Oracle NetSuite delivers the flexibility, scalability, and security required for businesses to thrive in today's dynamic business landscape.
Benefits
- Streamlined Financial Management: The integration simplifies financial processes by automating the transfer of daily accounting entries from RoomRaccoon to Oracle NetSuite. This streamlines tasks such as revenue recognition, payments, and VAT management, reducing manual data entry and the potential for errors.
- Compliance and Financial Reporting: NetSuite's accounting system helps maintain compliance with accounting standards and regulations. It also offers robust financial reporting and analysis tools, enabling hotels to generate detailed financial reports, analyse performance, and make informed financial decisions.
- Customised Financial Control: The integration allows for customisation to align with the specific needs of each hotel. Whether a hotel prefers journal entries or bills and invoices, the integration can be tailored to provide the format that best suits the client's financial preferences and compliance requirements. This customisation enhances financial control and flexibility.
How does the Oracle Netsuite integration with RoomRaccoon work?
Oracle NetSuite and RoomRaccoon have collaborated to deliver a comprehensive solution aimed at improving the financial management and operational efficiency of hotels. This partnership provides hoteliers with a powerful suite of tools to streamline operations, achieve financial precision, and deliver memorable guest experiences.
By integrating RoomRaccoon's property management system with NetSuite's ERP, the system automates previously manual processes, minimising errors and enhancing efficiency.
The system also provides up-to-the-minute financial data, empowering hoteliers to make informed decisions for their businesses. But the partnership is more than just numbers and data; it enables hotels to track guest preferences and interactions, delivering customised experiences that build loyalty.
This partnership also benefits hotel chains, offering multi-property management capabilities that ensure consistency across different locations.
Together, Oracle NetSuite and RoomRaccoon provide a holistic hotel management solution that unites financial precision, operational efficiency, and outstanding guest services under one virtual roof.
Connect to Oracle Netsuite
Contact our Customer Success Team today to inquire about connecting to Oracle Netsuite. Not a RoomRaccoon customer? Get a free demo.
