5 Key Considerations for a Successful NetSuite Implementation

Introduction

To keep pace with rapidly changing customer requirements, to stay competitive, and to avoid waste, organizations across the globe are looking migrate to cloud ERP solution. Among some of the most recommendedcloudERPs,OracleNetSuitehasspecial placeinthemarket.

With 31,000+ global customers, NetSuite offers several benefits such helps organizations manage their financials, inventory, supply chain, and other critical business processes. Although the benefits are countless, they can only be avail, if NetSuite is implemented correctly. With careful planning and execution, organizations can successfully implement the software and realize its full potential. Here are five key considerations for a successful NetSuite implementation:

Identifying your business pain points

Before starting NetSuite implementation, it's important to understand the pain points related to the existing technology stack and business processes associated with them. For example, if you’re using on-premise/ desktop applications, accessing corporate data for remoteworkerscanbeabigbottleneck.Datasilosdue to disparate system can be another valid point to implement NetSuite. Thus, the first step is to identify processes that need to be automated, the data that needs to be migrated, and the specific features and functionalities that are required to support the organization'soperations.

Getting the right team on board

TherearetwowaystoimplementNetSuite:eitherselfimplementation or hire Oracle NetSuite authorised solutionprovider.

Self-implementation: In this, you need a dedicated team along with a person well-versed with NetSuite technology as well as your industry and business processes.Thisapproachisn’toftenrecommendedasit isacostlyaffairandoftenorganizationsstruggletofind therighttalentwithlongtermcommitment.

NetSuite Implementation partner: Hiring NetSuite implementationpartnerisoftenrecommendedasthey followbestpracticessuchas“gapfitanalysis”andare backed by experienced functional and technical NetSuiteconsultantswhoknowhowbesttoimplement NetSuitebasedonyourneedsandgoals,offertraining andsupportpostgolive. Furthermore,italsosavesyou fromhustleandbustleoffulltimeemployees.

Plan for data migration

Data migration is a critical aspect of any NetSuite implementation. It's important to plan and prepare for data migration well in advance, including identifying the data that needs to be migrated, cleaning and validating the data, and ensuring that the data is structuredcorrectlyforNetSuite.

Don’t overlook testing

Testing ensures that your critical business processes areconfiguredasperyouruniquebusinessneeds.Itis highly recommended that apart from all types of testing, you should also focus on user acceptance testing. Give sufficient time to end users so that they can ensure that new system is configured to support theirroutineactivities.

Provide adequate training and support

Adequate training and support are essential to the success of any NetSuite implementation. This includes providing training to end-users on how to use the system effectively and efficiently, as well as providing ongoing support to address any issues or questions thatariseafterimplementation.