How to use Netsuite? Comprehensive guide for beginner

In the modern business world, for a beginner to enter the market requires a lot of effort and requires strong support. To carry out business processes completely and accurately and bring good results, retailers need to look for comprehensive support tools, and among them is NetSuite – a solution favoured by businessmen. highly appreciated around the world. In this article, we want to help users learn how to use NetSuite and provide a comprehensive guide for newcomers.

Overview of NetSuite

NetSuite is a cloud-based enterprise resource planning (ERP) system. This application provides a comprehensive set of business management tools including finance, supply chain, inventory, customer relationship management (CRM), e-commerce, and more.

By consolidating essential functions into one system, NetSuite helps streamline operations, improve efficiency, and increase business productivity. It is an intuitive, easy-to-use, and extremely user-friendly application. This solution can be used on any device, helping to support and improve employee productivity, thereby helping businesses operate more efficiently.

Benefits that NetSuite offers for retailers

Oracle NetSuite’s NetSuite ERP features include financial management, CRM, inventory management, and e-commerce which help businesses streamline operations, enhance customer relationships, and drive growth in today’s competitive landscape.

When it comes to financial management, retailers can learn how to use NetSuite for accounting, budgeting, and planning as well as reporting and analysis. This is a comprehensive solution so users can allocate their budget appropriately and create customized reports to control operations effectively.

CRM features allow businesses to manage relationships and maintain an effective sales process. Using NetSuite, sellers can track and manage leads. Also, sales activities, stages, and customer interactions will be strictly controlled. Notably, it also integrates seamlessly with other modules such as order management, inventory, and finance. This ensures data consistency for businesses. NetSuite’s ERP software also allows for streamlining inventory, purchasing, and order fulfilment processes. In addition, the fact that stores are supported with e-commerce and multi-channel features has brought many significant benefits to stores.

The NetSuite system helps businesses improve process efficiency, provide easy scalability at cost savings, and significantly enhance customer experience. Businesses are gradually adapting to the BYOD (bring your own device) environment – always carrying your device with you, and with NetSuite’s ability to apply on all devices, C-levels (Board of Management) can cut down a lot of costs, including unnecessary IT support costs.

How to use Netsuite? Comprehensive guide for beginners 

Get NetSuite license

Sellers need to learn how to use NetSuite. First of all, to do this, they need to purchase and obtain a NetSuite license. When considering software licensing for end users, most ERP providers offer a concurrent licensing model or a named user model. For NetSuite, the “named user” model is used for licensing, clear account setup, and trackability of each individual’s usage. This license is needed for positions such as Controller, Sales Manager, Operations Manager, and Customer Service Representative and they will benefit from this. 

The cost of this license varies depending on each user and business needs. Using a person-specific license is more beneficial than sharing a license across teams because it ensures transparency and accountability in the system’s operation.

Install and set up

After getting a license from NetSuite, merchants need to install and set up their accounts. One thing to pay attention to when choosing a service package is that it depends on factors such as industry level, number of users, module requirements, expiration date, and customization needs of each business.

Deploying the NetSuite system is not a short-term task but a long-term task, accompanied by system maintenance and upkeep activities after deployment. Therefore, to be effective, the company needs to establish a skilled project team whose number depends on the business size and the project scope. For an ERP project that affects the entire enterprise, the project team should include key members with experience and expertise from across the business organization.

The main role of this team is to devise a strategy to deploy the NetSuite ERP system, select a suitable implementation partner, coordinate closely with the implementation partner to deploy the system, control progress, and accept it later when operating the system successfully. It is important to assemble the full team right at the start so that all key stakeholders can be heard and feel accountable, facilitating successful implementation at all stages.

Develop with NetSuite

Maintaining working efficiency and expanding scale further is what businesses always want. In learning how to use NetSuite, business people also need to learn how to develop using NetSuite. This is a great solution for e-commerce and omnichannel business, so stores need to think about expanding many sales channels and developing their brand in the future.

First of all, sellers need to choose a suitable implementation partner who is trustworthy, knowledgeable, and has experience working with different businesses. Furthermore, expecting to get everything right away is impossible because development is a long story. That’s why businesses need to focus their attention on efficiency and smooth processes.

ConnectPOS is a comprehensive point-of-sale solution that helps retailers connect to NetSuite quickly and conveniently. This flexible solution has many useful features and greatly helps retail stores to solve traditional problems. When integrating with NetSuite, businesses will experience excellent and comprehensive support. Merchants will be able to gain insight into customers’ purchasing history and preferences to provide personalized experiences that drive customer loyalty and satisfaction. In addition, customer support for direct integration and payment to various secure payment gateways without incurring any transaction fees is an advantage that not every system has. 

ConnectPOS also maximizes the customer experience, personalizing it to enhance their impression of the business. Notably, this system does not require specialized hardware, and supports a variety of integrations and real-time warehouse data synchronization, bringing many benefits to business users. 

Conclusion

The answer to how to use NetSuite is varied, depending on each business’s needs, preferences, and business preferences. ConnectPOS is a cloud-based solution that simplifies the sales process and meets the above requirements. This NetSuite-integrated POS solution is a great choice for stores that need a comprehensive system with real-time data synchronization and robust inventory tracking. If you are looking for the perfect solution, feel free to contact us.