Oracle NetSuite: Why is now the best time to move to a Cloud ERP?

Oracle NetSuite says it's not too late to upgrade your system. 

Adopting a Cloud ERP system has made work more convenient as hybrid work set-ups become a norm. An excellent system can allow workers from across homes and offices to connect and exchange important information, as long as one has access to a web browser and internet. 

Several companies have already made the move to such a system and have reaped the benefits. But for those who haven’t, is it too late?

Oracle NetSuite Principal Market & Competitive Intelligence Analyst for JAPAC Mercie Clement said that the best time to invest in an ERP system is now. Clement, along with Oracle NetSuite Solutions Consultant Diamanta Lavi-Hartsuiker, were the speakers for the Accelerating Business Growth with Oracle NetSuite webinar hosted in partnership with Singapore Business Review.

“Companies decide basically to implement NetSuite’s Cloud-first ERP now, sooner than later, because they realize that if complexity is left unattended, there are some negative consequences that they will have to encounter. For example, there’ll be lost growth opportunities, control, and agility to adapt to changes fast and leverage on new opportunities,” Clement said. 

She added that a rival business with a good ERP system can easily leapfrog one’s business. 

“Not having the right systems in place makes it harder for companies to innovate, and therefore impedes gaining market share. And you’ll find that as your business gets more and more complex, the harder and costlier it will be to implement business transformation in the future,” Clement said. 

Asia-based business processing outsourcing company Everise is amongst the companies that have managed to leverage their company through the adoption of Oracle NetSuite, which they did before the pandemic. 

“The investment that we did, prior to COVID-19, allowed us to move rapidly than most people, over the course of two to three weeks,” said Everise CFO William Foo. 

NetSuite helped Foo in his job because it gave him easy access to three key concepts: accurate data, fast data, and data that is adaptable to how different people view the world. 

“Everise as a company, and as a management team, is a very data driven organization. So data to me is very, very important. If you’re going to make a decision, it has to be backed by solid evidence, solid data trends, and you make your case,” Foo added.

As a role-based system, NetSuite’s dashboards can be catered to a person’s job title and needs. Whilst Foo needs easy access to financial data on his platform, it can be flexible to other types of job positions as well. It allows for privacy of data, one can limit how and how many people can see certain dashboards and reports on one’s system, allowing executives to maintain control. 

“There are great capabilities of NetSuite to support your growth,” said Lavi-Hartsuiker. “We have out-of-the-box solutions, because we understand that every business need is different. 

You can watch the highlights of this webinar through this link.