Considering Cloud ERP? 

NetSuite ERP is cloud-based software for comprehensive business management, core business function data is stored and managed over the internet. 

It comprises of core modules: 

• Financial Mangement
• Order Management
• Inventory Management
• Procurement
• Supply Chain Management
• Human Capital Management 
  
  

NetSuite integrates these functions to synergise operational flow and. Automating processes and giving access to accurate and real-time information for smart business management. 

There are a number of factors that could be contributing to the need for considering an ERP. 

Inefficient Operations:  Time-consuming processes like manual data entry not only increases lead time but also potentially causes error in data and reporting, fixing these issues only wastes more time and resources.

Negative Customer Relations: Perhaps your business is having a difficult time managing customer relationships and have seen a decline in customer satisfaction. 

Difficulty Scaling: If your business is having difficulty scaling its operations its usually a good sign that you're not using systems and software that is fit to scale with your business. 

Failing to adapt to change: Sometimes business need to adapt quickly and accurately to changes in demands and/or supply chain. Having a slow or inaccurate response to those changes can cost time and money. 

NetSuite's Suite of Applications can be tailored to specifically suite your business and industry requirements. 

Industry Functions:  NetSuite tailors its functions to suit your industry, including Manufacturing, Wholesale Distribution, eCommerce and many more. 

Industry Best Practices: NetSuite integrates industry best practices into its system so leaders can leverage proven processes and workflows for their particular industry. 

Compliance Regulations:  NetSuite ERP understands that different compliance for different industries and assists with this with certifications and tools to support your industry. 

NetSuite's SuiteCloud Platform lets customers broaden the ERP capabilities and customise it to meet their exact business needs. You can create custom fields, workflows and integrations to suit your exact business structure. As many businesses need to adapt to changes and overcome challenges in unpredictable times NetSuite has the flexibility to support changes and transitions.     

Implementation time for NetSuite can vary from business to business. But things taken into consideration when determining timeframe is the complexity and size of your business as well as any customisation or integrations requirements. Typically, implementation can range from a few months to a year Despite this the Implementation can be broken into the following phases:

1. Planning & Preparation

2. Configuration and Setup 

3. Data Migration and Integration 

4. Testing and Training

5. Go-Live, Post Deployment Support 

The level and amount of training you and your staff will need will depend on their existing knowledge of ERP systems as well as the customisations and integrations your business has with the implementation. 

Your staff will need user training on core modules and functions which can be delivered face-to-face, user guides and online materials. 

Some leaders will need role specific training for those different roles within your business, whether it be accounting and reporting, inventory and order management or CRM. 

On going support is also critical to address any updates, questions or issues that may arise in the future of using the software. 

There are some key roles and stakeholders who should be involved in the implementation process. Again, depending on your existing business these stakeholders include Ndevr, your NetSuite consulting team and partner. Project manager, IT teams, process owners and other department representative. 

Data security, privacy and compliance is a serious concern for any software. NetSuite ensures protection of customer data in multiple ways. 

NetSuite ensures physical security controls with encryption and intrusion detection systems. The software also undergoes regular security audits for compliance and assessment whilst giving customer authentication tools so only authorised users can access the system. 

NetSuite ERP also has industry specific certifications to adhere to industry standards and requirements. 

As your business plans or naturally grows NetSuite's applications are designed to move with you. With access to real-time data and performance insights leaders can make informed decisions to respond to new changes as well as make smarter plans and decisions on how to best grow their business. Streamlining business processes not only creates efficient operations but it saves time, giving executive's more space to focus on the future plans to scale and exploring the best way to do it. 

NetSuite offers customers it's integration capabilities that can be connected to existing applications and/or systems used by the business. 

The Expense of NetSuite can vary from business to business depending on the customisations or integrations a business may need. Although, NetSuite is a subscription-based software as a service system, the general costs for implementing a system like NetSuite are a licensing fee, implementation, editions and support costs. 

NetSuite has regular updates to ensure enhancements to the systems and that customers are always using the best of the system through their business. 

Automatic updates are usually included in the subscription fee and users won't have to worry about manually installing any updates to their system.  

There may be more advanced features that could be a part of big updates that may be at an additional cost and would depend on the requirements of the business if needed.