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Being the most efficient cloud based ERP, NetSuite has the prominent global acceptance. NetSuite software works like an online service that enables companies to manage all key business processes in a single system. The service involves no hardware, no large and upfront license fee, no maintenance fees associated with hardware or software and no complex set ups. Companies use NetSuite for enterprise resource planning (ERP) and to manage inventory, track their financials, host e-commerce stores and maintain customer relationship management (CRM) systems. This flexible platform can be applied to a range of business applications.