Implementing NetSuite ERP system is a tedious process, some might say, almost like an iceberg. Still there are 18,000 success stories of successful NetSuite Implementation with more than 200 countries. Before going ahead with it you need to understand hidden things in this whole process.
As an organization today, all of us have new challenges each day as we try to achieve expanding business growth. Technology has been changing at a rapid rate and we are all in the midst of digital disruption. Business processes are changing and new revenue models are being discovered each day. Probably your business is expanding or poised for it. Unfortunately, your current IT systems or ERP may have challenges keeping pace to deliver optimal performance. Unknowingly, It may be slowing down your business performance.
With the growing community of Oracle NetSuite it’s definite that the complexity of the Business application would increase. Once known for its simplicity of operations NetSuite is now turning into fairly complex application when it comes to implementation and support. Having said that, Oracle NetSuite have ensured that the users find it fairly simple to use.
If you’re manually managing revenue streams like subscription and maintenance, you much think of changing this approach before long. You must automate this task. Also, you must minimize the cost of gaining new customers. More importantly, you must closely monitor their satisfaction levels and billing processes. NetSuite helps you do this effectively increase your revenue by 20 %. Not to mention, make the best of opportunities to enhance customer value and profitability.
There are many challenges faced by financial institutions when it comes to financial reporting or performance controlling. Most finance professionals find reconciliation at the end of a fiscal a great nightmare, an uncomfortable blend of boredom and stress. Some major challenges in this area include lack of financial performance information, too many spreadsheets, key-person dependency, accuracy and well-timed arrival of monthly management reports, and lack of control over daily financial reports.
The implementation of ERP System requires a lot of time and resources. More so, if you do not have the required knowledge, the cost is going to be much higher. The best way to learn is to bombard with questions during your classroom sessions. This will make you learn faster. Since an ERP is phenomenally spread out and its applications are wide-ranging, you can pose countless questions during your ERP voyage. Here are some top topics that come into one’s mind about implementation or software evaluation:
Most of the time when I talk to my prospects looking to automate their professional services organization the dilemma is the choice between NetSuite SRP or Openair PSA. These two are not just set of applications with a few overlapping functionality but also integrate with each other.
So what’s at offer?
For NetSuite customers and partners the grand gathering of the year is here.. Suiteworld 2018 is being held in Las Vegas next week. Having attended each and every Suiteworld in the last 7 years and seen its growth the same excitement fills me in as we get ready for yet another exciting week of learning and celebration with the NetSuite community.
As we gear up for the 8th Suiteworld , I thought of sharing some of my learnings over the years of attending Suiteworld, hope this helps my fellow partner attendees and friends as we all gather for another celebration of this wonder product called NetSuite !
Change management has never been given importance as much as it deserves. One of the biggest mistake I have seen while NetSuite ERP gets implemented is not realizing the need for Organizational Change Management. I have heard project leaders say “The functionalities were implemented as they were expected but users had a resistance to use the system”.
From being a simple cloud-based financial management system to a cross-functional, cross-departmental integrated enterprise management system, NetSuite has come a long way. The complexities which can be managed with NetSuite across businesses of an enterprise only limited to your imagination. Having said that, a successful implementation can be only achieved if things are planned the right way.
NetSuite 
Zoho 
Resources About Company 
