How to Plan a Successful NetSuite Implementation
Cloud is the next big thing. Global enterprises are migrating to the cloud due to low operating costs, business continuity assurance, scalability, flexibility, and real-time access to data. This is evident from recent research by HubSpot. According to HubSpot, more than 70% of organizations opt for cloud-based ERP over on-premise due to affordability, ease of installation, and minimal IT infrastructure.
Among some of the notable cloud ERP vendors, Oracle NetSuite has gained laudable recognition in the market with over 32,000 global customers. As a true cloud solution, NetSuite helps organizations to operate more effectively by automating core processes. NetSuite streamlines processes and offers real-time visibility across mission critical processes like accounting, order processing, inventory management, production, supply chain and warehouse operations.
Undoubtedly, the benefits of cloud solutions like NetSuite ERP are countless, business leaders hesitate in cloud ERP solutions. Their concerns are valid and backed by thorough research. As per Oracle, 80% of migration projects fail due to run over time and/or over budget. Cost overruns average 30%, while time overruns average 41%.
If you’re someone looking to bring in NetSuite for your business but worried how to get most of it, you’re not alone. To cater your concern, we’ve created this blog where we’ll discuss what you should do for successful NetSuite implementation.
Project planning – using a methodology
A well-planned NetSuite ERP implementation strategy is very crucial for project success. Traditional implementation approach isn’t impactful since it requires multiple rounds of discovery and build. This often leads to scope creep and budget overruns. You need to bring in SuiteSuccess Implementation Methodology in which most critical to your company go live first.
Getting the right team on-board
ERP implementation is a costly and time-consuming preposition. Although NetSuite allows you self-implementation, it isn’t a wise option since you need to bring in full-time functional and technical consultants along with testers, graphic designers, and IT support team. A better option is to hire NetSuite implementation partners like AGSuite who are backed by an experienced team. They will help you find out the exact scope of the project along with the budget.
A messy data can negatively impact your NetSuite performance. It is recommended that data should be checked properly for redundancy, duplicity, and relevance.
User acceptance testing (UAT)
UAT is very crucial for ERP acceptance. It is recommended that your functional consultants should check whether or not critical business processes are running efficiently, the security privileges are there and role based access is provided as per your business needs.
Training should be imparted to business end users so that they can easily adopt new system. A proper NetSuite training will infuse more confidence in the end users which eventually help in adoption.
ERP implementation is a big investment. As far as NetSuite is concerned, it isn’t a plug and play software. For successful NetSuite implementation, it is recommended that you bring in an authorized NetSuite cloud solution provider. Not only do they perform gap fit analysis but also customized dashboards and processes as per your unique business needs.