NetSuite Cloud ERP Gains Stronger Presence in the Europe

NetSuite Cloud ERP Gains Stronger Presence in the Europe

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London city at sunset.

NetSuite Expansion in the Europe

NetSuite has begun rapidly expanding through many regions, most recently with a great expansion in Europe. Cloud-based ERP systems such as NetSuite have been long gaining momentum and experiencing limitless growth, therefore prompting new editions for in-demand regions. Product enhancements that will complement the European regions have been prepped for the launch where they will be able to accommodate new offices.

Aiming to meet Local Regulations

NetSuite has strategically approached the European launch unveiling features that will cater to global financial capabilities meeting the local tax and regulation requirements. This expansion comes with heavy consideration of customers where efforts have been doubled to ensure the success of NetSuite partners and the customer base. Other features added include more control over intercompany accounting across multiple regions, improving the auditing process, reduced financial close times while exceeding standards when conducting bank reconciliation.

With more localized functions for those running a business abroad, NetSuite is the perfect solution. With the ability of products such as SuiteSuccess, these businesses in areas such as the UK will be able to lead their organizations to success with industry-leading processes using pre-built KPIs and dashboards with a 360-degree view. This expansion initiative will attract the business sectors of in Europe as well as SuiteCloud Developer Network (SDN) partnerships such as ERP Buddies that develop customized solutions that provide NetSuite integration onto platforms across other countries. The globalization of SDN partnerships supports the growth of NetSuite systems globally with solutions that are tailored to local requirements. This venture also promotes the development of more SuiteApps which enhance the unique needs that industry micro verticals require at both a country and regional level.

New Support Offices & Data Centers

Other investments in NetSuite’s globalization plans include additional direct sales forces in countries such as the Netherlands, Sweden, and Germany, also quadrupling the sales force in other European countries. Other teams such as marketing and service personnel have also grown to meet the needs that will address country and region-specific regulations. This rapid expansion has even included a data center in Germany that will aid the lack of modern computing offerings in the region. Currently, NetSuite utilizes a total of 6 data centers, including four in North America, and two in Europe (Amsterdam, and Dublin).

NetSuite’s business growth is undeniable which offers the conclusion that this cloud ERP system is in high demand across many regions. With the software able to offer a variety of business solutions, it offers an opportunity for business owners to have a digital transformation when integrating a cloud platform into business operations. Oracle NetSuite UK is a large enterprise, that’s expansion is setting a tone in the cloud ERP sector internationally.

Cloud Services are the key to modernizing and increasing business productivity in the UK

Cloud Services are the key to modernizing and increasing business productivity in the UK

The recycling industry estimates that about 45% of the world’s production of product is created from recycled scrap. Industrial recycling actually makes up the largest sector of the recycling industry. Industrial products have the ability to retain their properties through the recycling process, therefore end-of-life products can be reintroduced as raw material and then utilized as new goods. The value of these products also does not depreciate, making this type of recycling very sustainable. Due to its reusable nature, many natural resources are maximized which also reduces the amount of waste in landfills.

Using Mobility Access to Modernized Operations

Cloud computing for businesses has allowed organizations to modernize their business operations in a cloud environment with NetSuite. Mobile devices and having that access when on the job site, is one of the key solutions that will increase productivity for UK manufacturers. With single entry during the process, and with appropriate checks and balances it prevents errors from being inputted, mobility access can accommodate many users and multiple jobs per user.

In the case a user is using a mobile device connected to the ERP system, the production manager can then begin a new project on a work order, report production quantity and even be able to end the order directly from accessing the ERP from a mobile device.

Business Intelligence Capabilities that Allow for Better Decision Making

Companies benefiting from cloud computing are gaining insights and analytics that allow for their operations to be seamless and modernized. Automation being one feature eliminates the traditional process of filling forms then handing it down to another employee who will manually enter the data, this has the potential to lead to error and duplicate entries. Cloud-based ERPs are the innovation all managers dream of, they easily integrate with other operations resulting in smooth operations.

Data extraction when systems can connect data and user activity can present business analytics. Administrators and managers can analyze data to make critical business decisions, by introducing real-time graphics and reports during meetings, this information is available without waiting on system updates that occur periodically. The level of access to data becomes higher.

Accessibility to data insights increase, business intelligence capabilities are transparent, therefore, higher in comparison to traditional systems.

Some other business intelligence capabilities include:

Increased Visibility Allows an Increase of Control and Efficiency

Increased visibility with a cloud computing service such as NetSuite can permit production managers to view business information in real-time visibility, from anywhere on any device. Real-time visibility of production via. mobile devices allow managers to review data entered during production rather than being on-site supervising the process. This allows for control of inventory and financial updates ensuring that employees across departments are working with the same data and are avoiding discrepancies.

Cloud components improve site visibility through dashboards reporting in real-time. Business owners get a consistent user experience with improved control when inventory and financial reports.

3 steps for an ideal ERP Solution implementation approach

3 steps for an ideal ERP Solution implementation approach

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Humans are naturally resistant to change, our brains are wired in a way that sees change as a threat therefore, we respond in such a way. Hesitance. It is why when organizations approach new ideas and projects, change and operations/ project managers must take the lead by articulating the implementation of new ERP systems as a vision and picture of the future of the organization.

Implementing a new ERP system is a factor that will impact all of the organization’s departments and employees, so it is crucial to approach this change in such a way that will inspire employees and direct them as a means of accomplishing the business objectives.

Have a broad vision for your ERP implementation project

Often organizations approach change management in ERP implementation with a project mindset looking at the small picture, rather than with a vision looking at the overall scope of the company. Projects can be approached as something to do that has a definite end, whereas a vision is a longer-term goal with an open end. The main difference is that the project approach mindset gives the impression that the project has an end and employees may ask, “How do I complete this project”, evoking the idea that there will be an end to this implementation plan. Similarly, how a construction project’s end goal is to deliver a finished product, factors such as following a schedule, calculating time and cost come into play with a short-term focus, the end deliverable.

Approaching enterprise resource planning with a vision mindset allows for a bigger emphasis on the long-term, the value that is added to the end consumer. The benefits and its usage. Questions such as how are we going to use it, will it add to work responsibilities of employees, will it improve company efficiency, will it aid in achieving quick ROI, will it lower operational expenses, arise. Although ERP systems have always been approached as the holy grail of business solutions there are times where the implementation methodology has not delivered results, but why is that? Of course, more than one answer arises.

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An implementation partner can make or break your ERP implementation

When a project is being implemented by the implementation team, two stakeholders are involved. The implementation partner (IP) and the customer. Most implementation partners and their project team have a project mindset, their objective is to resolve immediate obstacles of the project and bring it to the end of term. Usually, the easiest approach is looked at, with a completion outlook and not consumer added value. ERP systems must be observed as an overall vision for the company with no definite end goal but rather as something you are working on every day and growing. It differs from the project mindset because here we look at the value that’s added after implementation. ERP is implemented with the expectation that there will be future benefits. That is the ongoing company vision.

These different approaches can also be looked at differently. An example can be observed in the case of a customer asking the question, How can I enter and approve an invoice in NetSuite Cloud? An individual with the project mindset would suggest:

Manually enter it in AP to validate it and send it for approval. Once it is approved you can enter manual payments, then when the statement comes, you can upload it into the cash application manually following a manual reconciliation. Then you can regularly run the process to create accounting, accounting for the transactions, both invoices, payments and reconciliation. In about 99% of ERP implementation processes, this solution is applied. This type of project plan and management mainly focuses on getting the task done but it hasn’t been successful in adding extra value, time is spent on entering data but the controls are not being improved. Tasks such as lowering costs or improving relationships with vendors aren’t being catered.

Keep a long term vision of your ERP implementation project

In comparison, a vision outlook can be approached differently. Let’s say the vision for the company is having a few custom process automation. Then you would suggest to a customer to automatically import invoices onto the system, do a basic verification followed by a manual hold. A notification alerting the hold would then be sent to a user who can do the final verification, and finally releasing the hold. A scheduled program can also be set up to send eligible invoices for approval, accounting of invoices, and create a payment batch. The next step would involve a payment file automatically sent to a bank once approved, followed by the bank sending a statement once payments have gone through.

This type of business process scales data entry to a minimum which would reduce user’s work and allow them to aid in tasks that would create better cash flow and strengthening relationships. So why aren’t ERP implementations focusing on the true vision that can come with a cloud software solution?

It’s a sad reality that sometimes is hard to avoid, but pushing for a vision mindset will set the foundation for how your ERP implementation project will succeed, ultimately allowing your business operations will flourish. A vision helps to articulate the outcomes that the organization wishes to gain. A goal that the organization is continually working towards.
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Why choose ERP Buddies for your cloud-based ERP implementation?

ERP Buddies is an official Oracle NetSuite Solution Provider and as a partner with many successful implementations on hand, it becomes our responsibility to continuously help companies successfully streamline their business operations and finances. Our focus also lies in synchronizing all departments with our NetSuite ERP solutions and out-of-box customizations to provide clients with better internal visibility for understanding pain points in-depth. With offices in the U.S, Canada ( North America), Philippines, India (Asia) and now also Europe, our NetSuite experts are always accessible globally and make it their priority to create a smooth and positive experience for our clients at every step of the way with heir cloud-based ERP. Our methodology revolves around understanding the client and creating a successful GAP analysis.
For added convenience, our experts will always assist clients throughout the entire implementation process, with on-site support and consultation, along with additional assistance in customizing your system to guarantee it meets your business needs and demands in an efficient manner.

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NetSuite cloud ERP vs On-Premise ERP

NetSuite cloud ERP vs On-Premise ERP

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There are many choices when considering an ERP system for your business, there are cloud-based ERP such as NetSuite Cloud or an on-premise ERP. With cloud technology being the new wave of ERP many are leaning towards the implementation of a cloud-based solution for their business requirements. The biggest difference between cloud and on-premise really comes down to on-premise solutions being installed internally on the organization’s hardware and maintained by in-house IT support. A cloud-based system is provided as a SaaS (software as a service) where it is centrally managed in the cloud by an ERP provider. Here are some benefits, challenges, and factors that you should consider when contemplating which one to use for your business goals & business management software.

IT Costs – NetSuite cloud ERP vs On-Premise ERP

When going with an on-premise system there is an upfront investment and management cost of entry, which include servers and tangible hardware that the system requires. In this scenario, organizations would require an experienced IT team to manage systems and maintain hardware and more, which adds to additional investment, as this team would be needed often. Additional costs are made up of capital costs, operational costs and indirect business costs.

Opting for NetSuite Cloud ERP allows you to benefit from smaller initial costs. Costs include implementing the software customized to your business operations, then simply accessing it through a web browser. Basically, the cloud ERP provides both a hosting service and maintenance of all the IT infrastructure of the organization. This method allows for the system to always be active, secured data and that updates are always done seamlessly without interrupting previously implemented customizations. A cloud computing environment allows resources to be allocated towards innovation and business objectives. An industry study has also concluded that cloud-based software can cost up to 50% less than on-premise software.

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System Maintenance – NetSuite cloud ERP vs On-Premise ERP

When the time for system maintenance comes, on-premise IT staff must install the systems upgrades across multiple computers and re-implement the customizations and integrations that were previously being used. As new enhancements and updates emerge this is a procedure that will always need to be completed and is sometimes not easy to re-implement. Due to this tedious task, many businesses decide to avoid upgrades and upkeep leaving them with outdated systems running their business operations.

In comparison to NetSuite cloud, the system is constantly being upgraded and maintained by the cloud provider remotely so that the organization is always running the latest cloud operating system. Due to this cloud-based technology integrations and customizations have the capacity to be carried forward without additional investments.

Performance – NetSuite cloud ERP vs On-Premise ERP

Cloud services are designed in such a way that they are built from the ground up for maximum performance, which ultimately delivers better results than on-premise counterparts. This can mean that cloud systems have better application ability than traditional on-site systems. Cloud software architecture also has the capability to make adjustments when it sees a change in trends. It forecasts and automatically adjusts so that the company can handle a new surge. The real-time data feature can be accessed at any moment, whether it’s mobile or in the office, without accruing additional expenses. These features give Netsuite cloud the advantage over on-site systems because of the better performance, accessibility and security allowing customers to fully trust the product.
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Deployment Time – NetSuite cloud ERP vs On-Premise ERP

When it comes to deployment time, a few things to consider is that both systems require a well-thought-out implementation plan. Some benefits of cloud software in this case offer more clear advantages when business owners begin to consider the time of installation. Due to no additional operating expenses, such as hardware, a cloud computing model offers flexibility to businesses because there is no time limits to procuring and installing the IT infrastructure. A fast and quick rollout is easy whether within different regions or subsidiaries. The time savings is quite significant in comparison to the on-premise ERP: Cloud ERP 3 to 6 months versus 12 months. As a business grows, NetSuite cloud has the capabilities to allow for ease of scalability while also offering flexibility to add more users to the system. On-premise hosting does not allow for such freedoms, often times additional hardware will be required.

Key Benefits of Implementing NetSuite Cloud ERP over an On-premise ERP