NetSuite SuiteSuccess: Implement faster with an industry-specific solution

NetSuite SuiteSuccess: Implement faster with an industry-specific solution

In today’s fast-paced business landscape, organizations constantly seek ways to streamline operations, gain a competitive edge, and adapt to changing market dynamics. Many adopt modern Enterprise Resource Planning (ERP) solutions to achieve these goals. One such powerful and versatile ERP system is NetSuite, and at the heart of its success lies the SuiteSuccess program. This blog will dive into the SuiteSuccess program, exploring its key components, methodology, and industry-specific editions.

NetSuite SuiteSuccess is a powerful solution tailor-made for businesses based on leading practices specific to their industry. It is the culmination of years of experience and expertise. It includes industry-specific bundles with pre-defined roles, dedicated process flows and KPIs, turnkey setup, and hundreds of prebuilt reports and dashboards. With SuiteSuccess, businesses can reduce the time and money spent on configurations and custom development and get up and running on NetSuite faster than ever.

The SuiteSuccess solution is designed to help businesses strengthen critical areas based on leading business practices specific to their industry. The answer is available across several sectors: manufacturing, wholesale distribution, retail, services, software, food and beverage, and nonprofit.

Financials First

One of the critical components of SuiteSuccess is Financials First, a complete financial solution that accelerates financial reporting and maintains compliance requirements while enhancing performance. Financials First is designed to help businesses streamline their financial operations, reduce errors, and achieve greater efficiency and accuracy in their financial reporting. Financials First allows enterprises to gain greater visibility into their financial data and make more informed decisions.

20% to 50% faster time to close

50% reduction in audit preparation time

25% to 75% reduction in invoicing costs

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Find out more about NetSuite SuiteSuccess for your industry and how NetSuite can help elevate your business. Schedule a free consultation today. 

Manufacturing

For manufacturing businesses, SuiteSuccess allows them to manage all their product data in one place, simplify the design process, and reduce the time to market for new products. The solution includes product data management, engineering change management, and work order management. With SuiteSuccess for manufacturing, businesses can optimize manufacturing processes and improve overall operational efficiency.

8% increase in revenue performance

30% reduction in inventory costs

80% reduction in customer back orders

Wholesale Distribution

Wholesale distribution businesses can gain greater control over their inventory movements and transactions in real time. The solution includes inventory management, order management, and warehouse management. With SuiteSuccess for wholesale distribution, businesses can optimize their warehouse operations and improve their overall supply chain management.

2% to 10% increase in revenue performance

60% to 80% reduction in customer backorders

20% to 30% reduction in inventory costs

Retail

NetSuite’s modern Point-of-Sale implementation package delivers a superior retail experience and real-time insights into customers, inventory, sales, and financials. The solution includes point-of-sale, inventory, and customer management features. With SuiteSuccess for retail, businesses can enhance their customer experience and improve their overall retail operations.

3% to 5% increase in customer loyalty

5% to 25% reduction in out of stocks

30% to 50% decreased time to resolve customer issues

Services

Service businesses can transform their operations with NetSuite’s cloud-based professional services automation, featuring powerful project management, resource management, project accounting, billing, and invoicing capabilities. The solution includes project, resource, and time and expense management. With SuiteSuccess for services, businesses can streamline operations, improve project management, and enhance service delivery.

40% to 60% increase in order process efficiency

40% to 55% reduction in reporting time

25% to 40% reduction in audit completion

Software

Built with leading practices for software companies, SuiteSuccess for software companies helps automate billing across multiple revenue streams, manage recurring revenue, and comply with evolving standards. The solution includes revenue recognition, subscription billing, and financial management. With SuiteSuccess for software, businesses can streamline their billing processes, manage recurring revenue more effectively, and achieve greater compliance with evolving standards.

45% to 75% improvement in invoice management

40% to 70% reduction in time to close the books

60% to 90% reduction in reporting time and resources

Food and Beverage

SuiteSuccess offers a complete solution for food and beverage businesses with an optimized supply chain, advanced order management, and integrated customer service management. The solution includes supply chain, order, and customer service management. With SuiteSuccess for food and beverage, businesses can optimize their supply chain, improve order management, and enhance customer service delivery.

80% increase in business insights

30% reduction in inventory costs

60% reduction in time to close the books

Nonprofit

SuiteSuccess for nonprofits strives to help organizations improve operational performance and surpass constituent expectations in an increasingly competitive environment. The solution includes grant management, fund accounting, and donor management. With SuiteSuccess for nonprofits, organizations can better manage their grants, improve their financial management, and enhance their overall constituent engagement.

50% to 80% increase in actionable insight and visibility

60% to 90% reduction in reporting time and resources

60% to 80% reduced time to financial close

Next Steps

NetSuite’s SuiteSuccess program is a game-changer for businesses seeking an efficient and pre-built ERP implementation. With its industry-specific editions, rapid deployment, ongoing support, and user-centric approach, SuiteSuccess empowers organizations to unleash their full potential and thrive in today’s dynamic business environment.

Whether in wholesale distribution, manufacturing, software, services, or any other industry, SuiteSuccess has the tools and resources to drive your success. It’s not just an ERP implementation; it’s a transformational journey that ensures your ERP system aligns perfectly with your business goals.

As your NetSuite Solution Provider, Rand Group will outline a strategic roadmap of recommendations aligning with your business objectives to aid your overall growth and success. With NetSuite SuiteSuccess, businesses can achieve greater efficiency, accuracy, and performance and ultimately improve their bottom line. Contact one of our NetSuite experts today to start you on your path to future business suite success.

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