Through thousands of successful implementations, NetSuite has developed a deep understanding of the challenges business leaders face in today’s marketplace. Those relying on outdated, disjointed on-premise ERP systems find themselves unable to keep up with today’s pace of change. As business leaders look to position themselves for the future, they are wondering: What is the best way to get there?
Having worked with thousands of companies like yours, NetSuite has identified the necessary steps in building a scalable business to conquer today’s state of disruption. The Financials First Evolution will help you implement a technology strategy to position you for success. Most often, implementation failure sources back to the absence of a thorough evaluation and understanding of business processes and associated challenges.
NetSuite’s unified and phased approach allows our customers to succeed while scaling their business. Here’s how it works:
The first step, Establish, focuses on setting a foundation with your financials while providing you with a holistic view of your customers- delivering overall operational business intelligence. Establishing this critical foundation ensures all departments are operating from a unified base while improving business processes.
The second step, Elevate, is all about optimizing the accounting and financial functionality of the platform to enhance reporting and automation capabilities. This phase allows for international expansion, advanced financial capabilities, budgeting and planning functionality, as well as people management.
Next, during the Expand step, companies are freed from the constraints of their legacy systems and are ready to tackle more complex financial challenges, including project management and subscription management, global operations and book management, and advanced compliance requirements.
In the accelerate step, companies are able to take their business to the next level, focusing on things beyond standard financials, like ecommerce, inventory management and fulfillment, and multibook accounting.
Ultimately, the focus turns to more innovative strategies in the Dominate step, such as integrated marketing, enhanced customer experience through self-service and multi- channel integration.
The Financials First Evolution allows organizations to grow and expand one step at a time. NetSuite has packaged nearly two decades of experience and thousands of deployments into a set of leading practices that pave a clear pathway to success. This approach has been proven to deliver rapid business value while mitigating risk for our customers.
Every customer’s stairway will look different depending on which processes are identified as “mission critical” vs. a longer term investment.