Experts Reveal the 3 Best Practices (and more) to Maximize the Value of NetSuite for Your Business

April 4, 2024
A man in a suit proudly displays his shirt with question marks, promoting 'Reveal Business NetSuite'.

When it comes to success, every business has its special secret sauce. But when you're part of the fast-paced digital age, maximizing your NetSuite system is not just a need. It's a must.

NetSuite is a powerful business management software. Utilizing it can revolutionize your organization's operations. 

So, how do you find out if you're maximizing your NetSuite? How can you tell if you're implementing it properly instead of relying on its default settings?

Implementing the right strategies and practices can scale your business with ease. If you're looking for ways to unlock its full potential and reap benefits, keep reading.

Discover how you can:

  • Set Up NetSuite for Success
  • Streamline Business Processes
  • Leverage NetSuite's Ecosystem
  • Monitor and Continuously Improve Your NetSuite

Setting Up NetSuite for Success

Having the right tools and strategies in place is essential for success. NetSuite is a robust cloud-based Enterprise Resource Planning (ERP) system. To harness its full potential, you need to set it up correctly.

Proper Configuration and Customization

Setting up NetSuite for success begins with proper configuration and customization. This step makes sure your NetSuite aligns with your business needs and processes. 

Follow the steps below for the best results. 

1. Tailor NetSuite To Your Business

NetSuite is not one-size-fits-all. Find areas for improvement and assess your current business process. 

Explore customization of your workflows. Create custom fields. Set up dashboards that provide the information you need at a glance.

Making sure it is tailor-fit to your business is how you make the most of your investment.

2. Automate Your Workflow

Want to reduce your manual effort and minimize potential errors? Automation is key. 

With NetSuite, you can easily automate repetitive tasks and processes. By setting up automated workflows you can streamline everything. From order processing to financial reporting.

3. Customize Reports And Analytics

Every business has unique reporting requirements. With NetSuite, you can create custom reports and dashboards. These give real-time insights into your company's performance. 

Whether you need sales metrics, inventory tracking, or financial analysis, NetSuite can provide the data you need.

Download the Salary Guide to compare average salaries of top NetSuite ERP professionals.

Data Migration and Integration

Data is the lifeblood of your business, and migrating it into NetSuite is a critical step. Here's how you can ensure a smooth transition:

1. Data Assessment

Begin by assessing your existing data. Identify what needs to be migrated, cleaned, and appropriately structured. This includes customer records, product information, financial data, and more.

2. Data Cleaning and Transformation

Before importing data into NetSuite, clean and format it correctly. This ensures that your new system starts with accurate and reliable data. Tools and scripts can help automate this process.

3. Integration with Existing Systems

NetSuite doesn't operate in isolation. You can integrate it with other software to maximize its potential. These software vary from CRM systems, e-commerce platforms, or inventory management tools. 

Seamless integration ensures data flows smoothly across your business ecosystem.

User Training and Onboarding

Even the best system is only as good as the people using it. Ensure your team is ready to make the most of NetSuite with:

1. Comprehensive Training

Invest in thorough training for your team. Whether in finance, sales, or customer support, make sure they understand how to use NetSuite effectively. Training can be through online courses, webinars, or hands-on workshops.

2. User Support and Resources

Provide ongoing support and resources to your users. This includes access to documentation, FAQs, and a dedicated helpdesk. Encourage employees to ask questions or issues to get the assistance they need.

3. Continuous Learning

As technology evolves, so should your team's skills. Don’t be stagnant! Encourage continuous learning and offer opportunities for advanced training. This ensures that your team remains proficient and can adapt to any changes or new features in NetSuite.

Streamlining Business Processes

Streamlined business processes can save you time and money, allowing you to focus on growing. With NetSuite, you can achieve this.

Automating Repetitive Tasks

Imagine you run an e-commerce store. You spend hours manually entering order data daily into your system. 

This repetitive task takes up valuable time and increases the risk of errors. With NetSuite, you can automate these tasks, saving up to 20% on labor costs.  

For example, when a customer places an order, NetSuite can automatically update your inventory, generate invoices, and even send order confirmation emails. 

This reduces the chances of human error and frees up your team to focus on more strategic tasks, like customer service and marketing.

Optimizing Workflows

Efficient workflows are the backbone of any successful business. NetSuite optimization allows you to streamline the flow of information between different departments.

Let's say you're in the manufacturing industry. With NetSuite, you can create a seamless workflow that starts with receiving a customer order, tracks the production process, manages inventory, and ends with the shipment of the finished product. 

With this optimization, everyone in your organization can access real-time information, making decision-making quicker and more informed.

Real-time Reporting and Analytics

NetSuite offers real-time reporting and analytics that provide valuable insights into your business performance.

Consider a retail business. With NetSuite's real-time reporting, you can instantly see which products are selling well, track inventory turnover rates, and monitor customer buying patterns. 

Armed with this data, make real-time adjustments to your inventory, pricing, and marketing strategies to maximize profits.

NetSuite empowers you to work more efficiently and make smarter decisions. 

So, whether you're a small e-commerce store or a large manufacturing company, proper NetSuite implementation can take your business to the next level of success.

Leveraging NetSuite Ecosystem

Running a successful business involves more than just having great products or services. 

It requires efficient processes, informed decision-making, and the ability to adapt to changing market conditions. That's where NetSuite comes in. 

NetSuite can help you streamline operations, gain valuable insights, and stay competitive.

Third-Party Integrations

When optimizing your business processes, NetSuite offers a wide array of third-party integrations that can make your life easier. 

These integrations allow you to seamlessly connect your NetSuite account with other software and tools you might already be using.

Let's say you use a popular e-commerce platform like Shopify. Integrating it with NetSuite automatically syncs your sales data, inventory levels, and customer information between the two systems. 

This eliminates the need for manual data entry and ensures that your information is always up to date.

Partnering with NetSuite Consultants

Do you want to get the most out of NetSuite? Partnering with NetSuite-certified consultants can be a game-changer. These experts have in-depth knowledge of the NetSuite system to tailor it to your business needs.

Imagine you're a manufacturing company. NetSuite offers extensive functionality for managing your production processes. However, it can be overwhelming to set up on your own. 

Hiring a NetSuite consultant can help you understand your unique manufacturing requirements and configure the system to streamline your operations. 

They can also provide valuable training to your team, ensuring everyone knows how to use NetSuite effectively.

Need a NetSuite certified consultant to conduct your NetSuite system review? Collaborate with Atticus. 

Accelerate your NetSuite implementation, minimize costly mistakes, and start reaping the benefits sooner with our NetSuite experts.

Download the Salary Guide to compare average salaries of top NetSuite ERP professionals.

Staying Updated with NetSuite Updates

NetSuite is constantly evolving to meet the changing needs of businesses. They regularly release updates and enhancements to their software. These updates are designed to improve performance, security, and functionality.

Use NetSuite's resources, like their official website, blog, and user community, to stay in the loop. They often provide detailed information about upcoming releases, new features, and best practices. 

Joining the NetSuite user community is also a great way to learn from others using the platform.

By integrating third-party solutions, partnering with NetSuite consultants, and staying informed about updates, you can harness the full power of the NetSuite ecosystem to drive your business forward.

Monitoring and Continuous Improvement

The journey toward success is a dynamic and ongoing process. So it’s crucial to establish a schedule for reevaluation of your NetSuite system. To do so, implement the following:

Performance Monitoring and Optimization

Keeping your NetSuite system running smoothly is crucial for efficient business operations. Performance monitoring and optimization ensures NetSuite operates at its best. This provides a seamless experience for your users.

Here are tips for monitoring and optimizing:

  • Conduct routine performance assessments to identify bottlenecks or slowdowns in your NetSuite system.
  • Use NetSuite's built-in analytics tools to track system usage and identify areas for improvement.
  • Streamline your business processes by revising and simplifying workflows that may be causing system strain.
  • Explore third-party applications that can enhance NetSuite's performance and extend its capabilities.

User Feedback and Satisfaction

User feedback is a valuable resource for continuous improvement. Gathering input from your NetSuite users helps you address their needs and ensures their satisfaction.

To collect user feedback, you can:

  • Create surveys to gather input on user experiences and pain points.
  • Form user groups or forums where users can share feedback and best practices.
  • Establish clear channels for users to report issues or provide suggestions.
  • Maintain open communication with users to demonstrate that their feedback is valued.

Adaptation is the key to survival in the business world. Adapting to your changing business needs is essential to maximize the value of NetSuite.

But how do you adapt to NetSuite precisely?:

  • Leverage NetSuite’s customization capabilities to tailor the system to your evolving business needs.
  • Stay updated with NetSuite’s releases to benefit from new features and improvements.
  • Seek advice from Atticus’ NetSuite experts to ensure your system aligns with your changing business strategy.
  • Invest in training your staff and informing them about the latest NetSuite capabilities.

Following these practices, NetSuite remains a valuable asset for your organization. All the while, delivering a smooth and satisfying user experience.

Key Takeaway

Maximize the value of NetSuite on your business by following these best practices. With our tips, you can be assured that NetSuite will remain a powerful tool to enhance your organization's operations.

Looking for NetSuite implementation or optimization services? How about a deeper understanding of your NetSuite system? Let us help you! 

Atticus Solutions is committed to providing tailored NetSuite solutions to meet your business requirements. With our team of NetSuite-certified consultants, you can achieve your business objectives more efficiently.

Book a call with us today to get started.

Download the Salary Guide to compare average salaries of top NetSuite ERP professionals.

Frequently Asked Questions


Compare NetSuite ERP talent salaries

Attracting top NetSuite talent with clear job descriptions is the first step. Understanding salaries is your next key move! Download this free salary guide to view talent costs, offshore hiring tips, and more

2024 Atticus Solutions. All Rights Reserved