Let’s tackle the misconceptions of Enterprise Resource Planning.
What’s the top question AmplifyTech faces?
A few relate to ERP myths, so we would love to share.
NetSuite is expensive and not cost-effective for businesses.
NetSuite offers a flexible pricing structure and can provide cost savings in the long run. It’s an investment in growth, and putting the foundations in place earlier saves you time and money.
As you scale, you’ll see cost savings through productivity, efficiency and decision-making.
NetSuite is difficult to implement.
With the right partner that brings a Client Experience focus, you can have a successful implementation that feels easy.
Don’t get us wrong, it takes effort and resources, but NetSuite has a user-friendly interface and offers a straightforward implementation process.
With the right partner, you can manage costs and simplify the implementation project.
NetSuite & ERPs are suitable for large enterprises.
It isn’t uncommon for pre-revenue and small businesses to invest and benefit from an ERP. The decision to invest in technology is driven by your growth and strategy – different from where you are today.
It’s far more accessible, quicker, and cheaper to implement when you are a smaller and simpler business.
You’ll start to see the benefits once you have “multis” and need to “slice and dice.” For example, if you have multiple regions, products or services and need to see the performance from different angles and consolidations besides legal entities.
ERP is solely the responsibility of the IT department. NetSuite requires extensive IT resources.
ERP implementation requires collaboration across departments to ensure successful adoption and utilization. A common reason for failed implementations is that it was run as an IT project.
Find an implementation partner to lead the engagement as a business project and bring advisory and business leadership to the team.
Ensure that the whole business sees the value and contributes meaningfully. Long-term, you don’t need a programmer to get things done.
Make no mistake; As your business grows, you’ll want new reports, information, integration and advances, having a support partner or expert can make a big difference. But unlike other ERPs, a lot can be done by users.
It’s very accessible for non-IT professionals to navigate, report and get what they need independently!
ERP is a one-size-fits-all solution.
ERP systems can be customized to meet specific business needs and processes.
In today’s world, many businesses integrate best-in-class systems and use their ERP as the heart of their enterprise and data.
NetSuite offers seamless integration capabilities with other systems, reducing the need for manual data entry.
ERP will disrupt existing processes.
Proper planning and change management strategies can minimize disruptions and ensure a smooth transition.
However, a common reason that implementations disappoint is that implementation partners don’t challenge the client. Companies frequently cling to their existing processes even when NetSuite offers superior best practice setups for improvement.
Customization and configuration are expensive, and implementation partners profit significantly from selling it and helping clients maintain it. Yet, the complexity and long-term cost and issues are often optional.
Change is challenging, but it often leads to efficiencies, cost savings and productivity.
It is unnecessary to alter the system for your old ways of doing it, but often, we see that as easier than facing the change management that comes with new and better ways. It is common!
ERP is outdated.
Modern ERP systems are continuously updated and offer advanced features and functionalities.
One of the great things about NetSuite being part of Oracle is the investment we see in the software.
We get it; With today’s plug-and-play options, it can feel like the days of ERPs are behind us. We run many clients on QBO, and we are always impressed with their tech stack, which includes Dext and Fathom for OCR and reporting/forecasting, respectfully.
The software can be more advanced than what we see with ERPs. Simplicity allows that, and the investment in the user interface can add to the perception.
It can be very reassuring how quickly ERPs catch up. It is surprising how much more complicated the integrations are versus the plug-and-play available for small businesses. Yet, as your business grows, that simplicity limits you.
Before long, our clients outgrow that tech stack and rely too heavily on Excel as the systems can’t handle the matrix and data required to scale an emerging business.
The ERP market has never been hotter and is in growth mode. It continues to meet the needs of growing and scaling businesses.
NetSuite is only suitable for small businesses and cannot handle the needs of larger enterprises.
NetSuite can handle the needs of growing businesses and offers scalability. While Oracle prefers to sell their other product to clients with> $250 million in revenues, most NetSuite users that surpass that will remain on NetSuite.
Do you have an assumption about NetSuite or ERPs?
Want to chat about it?
We hope these clarified common myths for you, and we are excited to see if NetSuite and AmplifyTech could be a consideration now that you know!