NetSuite SuiteSuccess: A Smart Choice for Your Growing Business

To beat your competitors, you need more than just a good business plan, you need a system that works well together. That's where NetSuite SuiteSuccess comes in. This smart solution changes how businesses like yours plan, operate, and grow, helping you align with the best practices in your industry.

In this newsletter, we’ll explain what NetSuite SuiteSuccess is, why it’s important for businesses today, the benefits it offers for planning, and how to choose the right partner for implementation to get the most out of it.

What is NetSuite SuiteSuccess?

NetSuite SuiteSuccess is a cloud-based ERP solution tailored to meet the unique needs of various industries. Unlike traditional ERP systems, which often require lengthy implementations and extensive customizations, SuiteSuccess comes pre-configured for your specific sector, enabling a quick setup and immediate functionality.

Leveraging over twenty years of industry experience, SuiteSuccess integrates management, CRM, eCommerce, inventory management, and more into a single, real-time platform, providing you with visibility and control over your entire business.

Key Features:

• Scalable Structure: Begin with essential functionalities and expand as your business grows.
• Industry-Specific Configurations: Designed for startups and larger enterprises alike.

Why Businesses Today Need SuiteSuccess

Adaptability is essential for business success. Traditional ERP systems usually take a long time to set up and can be costly to customize. SuiteSuccess changes this by providing a solution that is quick to implement and very flexible.

Key Advantages:

• Quick Deployment: Become operational in weeks instead of months.
• Scalability: Easily accommodate growing user bases, locations, and processes.
• Industry Best Practices: Built on years of expertise to address common business challenges.

Benefits of NetSuite SuiteSuccess for Business Planning

NetSuite SuiteSuccess provides numerous benefits, making it an essential tool for modern business planning:

1. Accelerated Time to Value: Get results in weeks, not months.
2. Industry-Specific Functionality: Tailored features for retail, manufacturing, and more.
3. Real-Time Visibility: Gain insights into all aspects of your operations.
4. Scalability and Flexibility: Adapt effortlessly to your changing needs.
5. Improved Efficiency and Productivity: Automate tasks to free up valuable employee time.
6. Enhanced Customer Experience: Deliver personalized interactions based on comprehensive customer data.
7. Reduced Total Cost of Ownership (TCO): Minimize infrastructure costs with a cloud-based solution.

How to Choose the Right Partner for NetSuite SuiteSuccess Implementation

Implementing NetSuite SuiteSuccess is a significant commitment, so it’s essential to find the right partner to ensure your project is successful. Here are some key points to consider when selecting a partner:

• Understanding Your Industry: Look for a partner who knows your industry well. A partner with relevant experience can tailor the SuiteSuccess solution to meet your specific needs.
• History of Success: Choose a partner with a proven record of successful SuiteSuccess implementations. Request case studies or testimonials from previous clients to evaluate their skills and reliability.
• Variety of Services: A trustworthy partner should provide a range of services, including custom solutions, training, and ongoing support. This ensures you have the help you need at every step of the process.
• Team Collaboration: Successful implementation requires teamwork between your staff and the partner. Select a partner that values open communication and is committed to working closely with you to achieve your business goals.
• Ongoing Support: Implementation is just the first step. As your business grows, your ERP needs may change as well. Choose a partner that will offer the support and maintenance necessary to keep your SuiteSuccess solution aligned with your evolving business objectives.

Why Choose Folio3?

At Folio3 , we have the experience and expertise to help you succeed with NetSuite SuiteSuccess implementation. Here’s why you can trust us as your implementation partner:

• 18+ Years of Experience: With nearly two decades of experience, our team has the knowledge and skills to navigate any challenge that may arise during implementation.
• 300+ NetSuite Resources: Our dedicated team of over 300 NetSuite professionals is ready to support your business every step of the way.
• 98% Successful Go Live Rate: Our commitment to excellence is reflected in our impressive 98% successful go-live rate, ensuring your project launches smoothly.
• 100,000+ Consulting Hours: We have provided more than 100,000 hours of consulting, helping businesses like yours maximize the value of their NetSuite investments.

Choosing Folio3 as your implementation partner means you have a trusted partner with the expertise and resources to make your SuiteSuccess project a success.

Success Story: Folio3 Assisted Biomason in Improving Efficiency with NetSuite SuiteSuccess

Biomason is a pioneering company in the construction industry, utilizing biotechnology to create sustainable and low-carbon building materials. With their innovative “biocement” technology, they grow structural cement without emitting carbon, contributing to a greener and more eco-friendly future.

The Challenge

Biomason faced challenges in managing their financials, procurement, sales, and CRM functions, which affected their operational efficiency. Additionally, meeting DCAA regulations for their US federal government contracts was a significant hurdle. They needed a solution to improve compliance and optimize their processes effectively.

Solution

• Set up and configure General Accounting Setup, including COA
• Set up Departments, Locations & Classes
• Set up and configure Subsidiary Management
• Set up Journal Entries (Standard, Recurring, Reversing), Printing & Issuing Checks, Fiscal Close, Bank Deposit, Advanced Financials, Revenue Management
• Configure Fixed Assets and Standard Financial Reports
• Set up and configure Basic Item Master (Inventory, Non-Inventory, Kits), Item Pricing (Price Levels), Unit of Measure, inventory cost, item transaction, bin locations, and work orders
• Set up and configure vendor master, purchase order, purchase order receipt, landed cost, vendor bills, and employee master
• Set up and configure Customer/Contact Master, Sales Orders, Sales Order Fulfillments, Customer Invoices, Customer Payments, and Customer Credit Memo
• Review different reports provided by NetSuite out-of-the-box, including financial statements, sales reports, purchase reports, vendor payables, and customer receivables.

Result

Folio3’s successful implementation of NetSuite SuiteSuccess Services Standard edition enabled Biomason to optimize financials, procurement, sales, and CRM processes, resulting in increased operational efficiency. By integrating the Daston DCAA-On-Demand SuiteApp, Biomason achieved full compliance with DCAA regulations for their US federal government contracts, ensuring smooth audits and contract management. The partnership with Folio3 empowered Biomason with accurate financial insights, streamlined workflows, and enhanced customer relationship management, leading to significant cost savings and improved overall performance.

Discover More Success Stories

• The Renewal Workshop Achieved Outstanding Results with AFA SuiteSuccess Implementation
• AEye - SuiteSuccess For Retail Success Story
• Bank & Vogue - SuiteSuccess For Retail Success Story

Pro Tip of the Week:

Make the most of NetSuite SuiteSuccess by regularly reviewing real-time data and analytics. Use the insights provided by the platform to track performance metrics, identify trends, and make informed decisions that can drive your business forward. By consistently analyzing data, you can quickly adapt to market changes, optimize your processes, and improve overall operational efficiency.

Upcoming Events:

1) SuiteWorld 2024

• Date: September 9th - 12th
• Location: Las Vegas & On Air

Come visit us at SuiteWorld 2024 ! Our team will be at SuiteFloor, ready to chat about the newest NetSuite innovations and how they can enhance your business operations. This is a great chance to engage with industry experts and discover what the future holds for NetSuite. Don't miss out!

Let's Discuss Your Path Forward

NetSuite SuiteSuccess can be the catalyst for your business’s growth. Whether it's optimizing your operations, boosting productivity, or meeting industry-specific needs, SuiteSuccess has the solutions you need. With nearly two decades of experience helping businesses like yours, we're here to ensure you get the most out of NetSuite. Talk to Our Experts today to see how we can support your success. Your goals are our focus, and we’re here to help you achieve them every step of the way.