Top 11 reasons to upgrade from Dynamics GP to NetSuite

Dynamics GP has been a popular enterprise resource planning (ERP) system of choice for businesses for many years; however, as Microsoft begins to phase out Dynamics GP, many companies are looking for a new ERP.  It’s important to have a robust, flexible, and future-proof system in place to support operations. Many businesses choose to migrate from Dynamics GP to NetSuite, a cloud-based enterprise resource planning (ERP) system that offers a range of powerful tools to help businesses manage their financials, inventory, customer relationships, eCommerce, and more, all in one unified platform. In this blog, we’ll explore the top 11 reasons why you should consider upgrading from Dynamics GP to NetSuite.

NetSuite is a native cloud-based solution, which means you can access your data and applications from anywhere with an internet connection. This provides more flexibility for remote work and allows you to scale your business without having to invest in additional hardware or infrastructure. Additionally, NetSuite’s cloud architecture provides more robust security and data backup capabilities, ensuring that your data is always safe and accessible.

NetSuite offers more robust financial management capabilities than Dynamics GP, including real-time visibility into financial performance, automated financial processes, and customizable financial reporting. With NetSuite, you can automate manual tasks such as invoicing, expense reporting, and payment processing, reducing the risk of errors and improving efficiency. Additionally, NetSuite’s customizable financial reporting allows you to generate reports that are tailored to your specific business needs, providing deeper insights into your financial performance.

NetSuite’s inventory management features are more advanced than Dynamics GP, with real-time inventory tracking, automated reordering, and customizable inventory reporting. This allows you to optimize your inventory levels and reduce waste and costs. With NetSuite’s real-time inventory tracking, you can monitor inventory levels across multiple locations and track inventory movement, providing greater visibility into your supply chain. Additionally, NetSuite’s automated reordering helps you maintain optimal inventory levels, ensuring that you always have the products you need to meet customer demand.

Dynamics GP has been around for a long time and covers many functional areas but has no built-in customer relationship management (CRM) system. To get CRM functionality, GP customers would need to integrate with another Microsoft product or a third-party solution. NetSuite offers a fully integrated CRM module that allows you to manage your customer data, sales pipeline, and marketing campaigns all in one place. This can improve efficiency and provide a better customer experience. With NetSuite’s integrated CRM, you can easily track customer interactions across multiple touchpoints, providing a 360-degree view of your customers. This allows you to better understand your customer’s needs and preferences, and tailor your sales and marketing efforts accordingly.

NetSuite also includes an impressive eCommerce module that seamlessly integrates with your system allowing you to sell products online without having to invest in a separate solution. This can help you reach new customers and increase sales. With NetSuite’s eCommerce platform, you can easily create an online storefront that is fully integrated with your inventory and financial management systems. This allows you to offer a seamless online shopping experience to your customers, with features such as personalized recommendations, product reviews, and easy checkout.

NetSuite provides robust revenue management capabilities that are designed to meet the needs of modern businesses. This includes features such as advanced revenue recognition, revenue forecasting, and revenue reporting. With NetSuite’s revenue recognition module, you can easily manage complex revenue recognition scenarios such as subscription-based revenue, multi-element arrangements, and deferred revenue. Additionally, NetSuite’s revenue forecasting and reporting tools provide real-time visibility into your revenue performance, allowing you to make informed decisions and plan for future growth.

NetSuite offers more extensive customizability options than Dynamics GP, allowing businesses to tailor the software to their specific needs. NetSuite’s SuiteCloud platform provides a range of tools for customization, including SuiteScript (JavaScript-based scripting language), SuiteFlow (drag-and-drop workflow builder), and SuiteBuilder (visual customization tool). With these tools, businesses can customize workflows, fields, forms, and reports to match their unique business processes, ensuring that the software fits their specific requirements.

While Dynamics GP has been a reliable solution for many years, its future is uncertain. With Microsoft’s focus shifting towards Dynamics 365 Business Central and their recent announcement of the upcoming end of new sales of Dynamics GP, businesses may be left in a vulnerable position if future updates and support for GP are limited. In contrast, NetSuite has a clear roadmap for future development and innovation, with regular updates and improvements to the software. By migrating from Dynamics GP to NetSuite, businesses can be confident that their software will continue to evolve and improve over time.

NetSuite’s reporting and dashboard capabilities are more advanced than Dynamics GP, providing real-time insights into business performance. With NetSuite’s customizable dashboards, businesses can create personalized views of their data, including KPIs, financial metrics, and operational data. Additionally, NetSuite’s SuiteAnalytics tool provides a range of reporting options, including both pre-built reports, ad-hoc reports, and custom reports. This allows businesses to gain deeper insights into their data, identify trends and opportunities, and make data-driven decisions.

NetSuite offers industry-specific configurations called SuiteSuccess editions that are designed to meet the unique needs of different industries including manufacturing, wholesale distribution, retail, professional services, software, and more. These pre-configured solutions include pre-built workflows, forms, and reports that are tailored to specific industry requirements. By choosing NetSuite, businesses can benefit from industry-specific configurations that are optimized for their specific needs, reducing costs and the need for customizations while improving efficiency and streamlining implementation.

If you use the payroll module in Dynamics GP, you may be hesitant to switch to a different ERP system that lacks this critical functionality. However, unlike many other ERP systems, such as Dynamics 365 Business Central, NetSuite offers a comprehensive payroll management solution that includes tax reporting, compliance management, and employee self-service. With NetSuite’s payroll functionality, you can streamline your payroll processing, reduce errors, and ensure compliance with labor laws and regulations. Plus, with NetSuite’s unified platform, you can easily integrate payroll data to improve visibility and accuracy across your organization. Don’t let payroll concerns hold you back from upgrading to a more powerful ERP system.

Migrating from Dynamics GP to NetSuite can provide businesses with a range of benefits including cloud-based access, better financial and inventory management, advanced revenue recognition, integrated CRM, built-in eCommerce, customizability, future stability, better reporting and dashboards, and industry-specific configurations. By making the switch to NetSuite, businesses can future proof their software investment and gain a competitive advantage in their industry.

As a certified NetSuite partner and Dynamics GP partner, Rand Group can help businesses make the transition to NetSuite from GP, providing expert guidance, implementation support, and ongoing training and support to ensure a successful migration. Contact Rand Group today to learn more about how we can help your business upgrade to NetSuite.