What is a key advantage of NetSuite being a cloud-based solution?

A key advantage of NetSuite being a cloud-based solution is its accessibility and scalability without requiring on-premises infrastructure. This allows users to access the system from anywhere with an internet connection, promoting flexibility and convenience for businesses that operate remotely or have multiple locations. Additionally, cloud-based solutions automatically scale with business growth, meaning that companies can easily adjust their service level or storage needs as they expand, without the complications and costs associated with upgrading physical infrastructure.

This accessibility supports collaboration among team members who might be working in different locations, and ensures that all users are working with the most up-to-date information without the frequent maintenance and upgrade cycles that on-premises solutions may entail. This sets cloud-based solutions apart, as it enhances productivity and efficiency for organizations of all sizes.