Key Takeaways as a New NetSuite Partner at SuiteWorld 2017
NetSuite held its annual partner and user conference, SuiteWorld, a couple of weeks ago. The event not only showcases NetSuite’s latest functionality from the 2017.1 release, it provides new partners, like Rand Group, with an opportunity to learn about future plans and be exposed to thousands of customers and prospects in attendance.
SuiteWorld in the Eyes of a New Partner
We recently joined the NetSuite Solution Provider Program to broaden our technology profile and meet the growing demand for cloud ERP among midmarket companies. As a new partner, we have hit the ground running and it was a great opportunity to see it all come together at the conference. It was clear to see that NetSuite and Oracle are on an upwards path to growth, expansion, and continuous improvement.
Here are some of our key takeaways from the event as a new NetSuite partner this year.
Going Global with Oracle
There has been some speculation going around about Oracle’s strategic acquisition of NetSuite, but luckily, that was squashed at SuiteWorld. Everyone from the event walked away with a renewed belief that Oracle will not only leave NetSuite as a standalone GBU (Global Business Unit), but that it will invest heavily in its further development as a global company. We chose to become a NetSuite solution provider because NetSuite is the clear leader in the cloud ERP midmarket space.
Partners are the Wheel
We all know NetSuite’s traditional wheel: ERP Financials, CRM, Ecommerce and PSA/SCM. The wheel now has two new components: SuitePeople, mentioned above, and BFN, or Built for NetSuite. Built for NetSuite is NetSuite’s framework for developing applications by 3rd Parties, an ecosystem that keeps growing. This will allow all customers to have access to the applications that SDN (Solution Delivery Network) Partners develop to fill the gaps NetSuite has. More than 70% of the NetSuite implementations eventually have a 3rd party system. This will have an important impact on the midmarket because it will give more, and better, access to those applications.
Introducing SuiteSuccess, NetSuite’s Industry Solution
SuiteSucess is a new industry offering that combines NetSuite’s unified suite with industry leading practices, customer engagement, and business optimization methods. It was highlighted at SuiteWorld to partners because it is a cloud solution tailored to fit a lot of the industries we work in, including manufacturing, wholesale distribution, professional services, etc.
Omnichannel, the Future of Shopping
NetSuite was built with the premise of being an ERP system that includes an E-Commerce platform. They keep investing in the product and are launching SuiteCommerce Standard to help increase the adoption rate of that platform. They are also launching SuiteCommerce InStore, which will allow companies to have full visibility into inventory, from anywhere. For example, let’s say that as a customer you go to a store and they don’t have the item you are looking for in your size. With SuiteCommerce, the store clerk will be able to tell you if another store has it, or if you can order it online. Then you will be able to do either right there on the spot, blurring the line between online and in-store.
Revisiting the “True Suite” Concept
At SuiteWorld this year, NetSuite introduced SuitePeople, a key missing piece to their full suite of products. SuitePeople is a Human Capital Management (HCM) solution that integrates within the Suite, just like CRM and every other NetSuite module. It securely weaves people data throughout your NetSuite solution, giving you complete control over your HR processes.
Find Out More About Our SuiteWorld Experience
Whether you attended or not, reach out to our NetSuite team for more details on what we learned at the event. We would love to share our story and tell you more about some of the latest features announced and how they can influence the success of your business operations.
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