What does NetSuite do?

NetSuite is a cloud-based enterprise software company that provides integrated solutions for financial management, customer relationship management (CRM), inventory and order management, and human capital management. Founded in 1998, it was the first provider of web-hosted business applications and has grown to serve over 21,000 organizations in more than 200 countries. Originally launched as NetLedger, the company rebranded to NetSuite in 2002 to reflect its expanded offerings beyond accounting. It has since evolved into a comprehensive platform that supports small to midsize businesses and global enterprises. NetSuite's solutions streamline operations by integrating core business functions, allowing real-time data access and enhancing efficiency across various sectors, including manufacturing, distribution, and retail. The company operates as a Global Business Unit under Oracle, following its acquisition in 2016.