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Why Move to NetSuite ERP from an On Premise ERP System

  • IT Strategy, NetSuite "Know-How"

In today’s soft-tech world, ERPs are the backbone of every industry, vertical and business. It regulates business processes and creates harmony between two distinct industry workflows. These systems can greatly improve the accuracy and efficiency of reporting. 

But with evolving market dynamics, economic shifts, and external challenges, how can you ensure your ERP system keeps up? Legacy on premise ERPs, especially those plagued by outdated versions, technical glitches, or storage limitations, often fall short. They can hinder growth instead of supporting it.

That’s why businesses are turning to modern cloud-based SaaS solutions like NetSuite ERP. These models go beyond fixed, patched, and disconnected on-prem ERP systems!

Here are the top 6 reasons why upgrading to a cloud-based ERP like NetSuite is the smarter choice for your business.

6 Reasons to Move to NetSuite from An On-Premise Legacy ERP

1. Greater Business Agility

A cloud-based ERP like Oracle NetSuite will provide accelerated time to value with continuous regulatory alignment. It can be assessed world-wide, anyplace, and anywhere, empowering mobile networking amongst the buyers and suppliers on forefront.

2. Quicker Version Updates

There remains no version locking! Every user can access the latest version update, switching to technology at a faster rate. This in-turn drives NetSuite users to be updated with industry wide latest upgrades and features.

3. Quicker Implementation and Deployment

With integrated data support, customizations become more accessible and operate in real-time. Thanks to its cloud-based architecture, NetSuite offers quicker implementation solutions that can be completed in days. This trumps the traditional on-premise models that often require months or even years to go live with a project.

4. Imbibed Latest Industry Solutions

NetSuite offers continuous version upgrades with just a click, ensuring your ERP is always up-to-date. Its user-friendly interface and resources like the SuiteAnswers and Help Section empower users with real-time solutions to industry challenges. This proactive approach gives businesses a competitive edge over outdated, on premise ERP systems.

5. Cost Effective

Cloud ERPs like NetSuite significantly reduce IT expenses by eliminating the need for extensive infrastructure, dedicated IT staff, and costly hardware setups. With a self-service model, businesses can streamline operations while cutting down on large upfront investments.

The savings can then be reinvested to improve customer experiences, enhance employee satisfaction, and drive overall business growth.

6. Best to Mitigate Security Breaches

On-premises ERPs often face security threats and need additional software to protect data and information. However, Oracle NetSuite has its own inbuilt 2 factor authentication mechanism to keep hackers at bay, mitigating security breaches and providing a secure environment to its stakeholders.

Takeaways

Thus, to avoid disruptive software version locks and escape the high-cost IT infrastructures, it is best to choose cloud based SAAS like NetSuite and overcome the On-Prem ERP challenges altogether!

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Trek Travel Streamlines Travel Protection Integration with OdeCloud’s experts

Looking to streamline your operations with more automations? Keith shares an OdeCloud project.

#netsuite

#integrations

Project Outcomes

This new integration system transformed our travel protection service.

  1. Efficiency Gains: Completely automated the process, eliminating the need for monthly roster reconciliation.
  2. Enhanced Guest Experience: Guests benefited from a smoother booking process with transparent travel protection options tailored to their needs.
  3. Accuracy in Pricing: The integration ensured precise calculations based on complex variables.
  4. Scalability: The system can easily accommodate future growth and changes in travel protection offerings.

Background

Our company offers guests the option to protect their travel investments through a travel protection plan. This service is crucial, as it provides coverage in cases where guests need to cancel their trips due to unforeseen circumstances such as illness or emergencies. However, the process for managing this service was previously cumbersome and inefficient, requiring manual coordination and reconciliation with the travel protection partner.

Challenge

We needed a seamless integration within NetSuite to handle complex calculations for travel protection costs. The solution needed to account for multiple variables, including:
Guest-specific factors such as age and location.
Travel details like destination, total cost, and type of coverage (e.g., pre-trip hotels, post-trip hotels, flights).
Dynamic pricing calculations based on these variables.

Before partnering with OdeCloud, the process was manual and error-prone, involving monthly exchanges of rosters between our team and the travel protection provider. This created inefficiencies and delayed customer service.

Solution

OdeCloud worked with us to design and implement a fully integrated travel protection solution within NetSuite. Key features of the solution included:


1. API Integration: OdeCloud enabled real-time communication with the travel protection partner’s API. This allowed us to dynamically calculate the cost of travel protection based on the guest’s specific details.
2. Seamless Booking Experience: The integration allowed the travel protection cost to be automatically added as a line item to guest bookings within NetSuite.
3. Flexible Adjustments: Guests could easily add or cancel travel protection directly through NetSuite without requiring interaction with third-party systems.
4. Eliminating Manual Processes: The previously manual reconciliation process was replaced with automated inline API transactions, eliminating errors and saving significant time.

Conclusion

This integration is one of the most impactful projects we’ve undertaken, and it holds a special place in our transformation journey. With OdeCloud’s expertise, we achieved a solution that not only streamlined operations but also elevated the guest experience. This project exemplifies the power of technology in solving complex business challenges and enhancing customer service.

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