NetSuite ERP Implementation: Top Tips to Ensure Success
NetSuite ERP implementation
To reap the benefits such as low operating costs, business continuity, agility, real-time access to data, enterprises across the globe are moving to cloud ERP. With 31,000+ global customers, NetSuite is considered as the best cloud ERP solution in the international market. NetSuite offers numerous benefits such as low upfront starting costs, real-time access to financial, operational and transactional data, automation and management of accounting, inventory, operations, distribution and more from a single application. However, these benefits can only be received if NetSuite is implemented correctly.
According to research from Oracle, 70% of ERP implementation projects fail to remain on timeline or within budget. According to Gartner, ERP implementations failure rates can be 75% or higher. McKinsey suggests that more than 70% of all digital transformation projects fail.
Since NetSuite ERP implementation is no less than devil in detail, you need a well defined roadmap to ensure success. In this blog, we’ll discuss what you should do to succeed with your NetSuite ERP implementation.
Identifying your business pain points :
Before introducing a new system, it is critical to identify 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, access to corporate data for remote workers can be a big bottleneck. Or different departments in your company are using different systems to manage data. In that case, data silos can be a big bottleneck.
Get the right team on board :
You can either go for self-implementation or hire an authorized Oracle NetSuite Cloud solution provider. In case of self-implementation, you need a person well-versed with NetSuite technology along with knowledge about your industry and business processes. A full-time commitment should be needed. One disadvantage with this is that implementation can be lengthy.
You can choose authorized NetSuite implementation partners like AGSuite. Being an authorized Oracle NetSuite implementation partner, AGSuite will follow best practices such as “gap fit analysis” prior to implementation. Moreover, you will get access to experienced functional and technical NetSuite consultants who know what to do and what to avoid. How best to implement NetSuite based on your needs and goals, offer training and support post go live.
Data Conversions and Migration :
Clean data is considered as the baseline for successful ERP implementation. In case, your existing data is messy, in multiple formats or has missing information, it needs to be cleaned. Also check for redundancy, duplicity, and relevance before using it in new software. If you don’t clean up the mess, it will impact the performance of your new enterprise apps.
Utilize an Agile Methodology :
Follow agile development methodology as a big project is broken down into small projects or go-lives. It means that most critical business processes like financials or HCM are made live first. Constant collaboration with stakeholders and continuous improvement, iteration, and testing at every stage is taken into account. It allows you to fix issues at the initial stage of development.
Testing, Training, & Support :
Testing ensures that your critical business processes are configured as per your unique business needs. NetSuite training is another important aspect as it helps business users to learn the new system. Hypercare is also critical post go live to avoid any unwanted issue.
Using the above described tips, you not only can keep your NetSuite ERP implementation within timelines and budgets, but also ensure minimum disruption.