Oracle's NetSuite is one of the top ERPs for AR departments worldwide, and it's no surprise. ERP solutions like Netsuite have boosted processes for 95% of businesses. However, picking and installing a chosen platform is only the first step. If you’ve already picked Netsuite, it’s time to upgrade your NetSuite skills.
But not every AR specialist wants to become a NetSuite pro. They want to get things done. This might mean making tasks like NetSuite account reconciliation more manageable.
The good news is that there are resources for both kinds of users. Whether you are looking for best practices, shortcuts, or additional business applications to plug into your ERP, there's a little something out there for every situation. We've compiled our top resources for accounting teams using NetSuite in this list.
What is NetSuite Used For?
- Accounting and Finance. NetSuite automates core financial processes like accounts payable, accounts receivable, general ledger management, and financial reporting.
- Customer Relationship Management (CRM). NetSuite provides automation tools for sales, marketing, and customer service.
- Inventory and Supply Chain Management. NetSuite's supply chain features help you track inventory levels, manage orders, and optimize supply chain operations effectively.
- E-commerce. NetSuite offers built-in e-commerce functionality for building and managing online stores.
- Project Management. NetSuite provides project management tools to track budgets, resources, and timelines.
Is NetSuite a Technical Skill?
Yes, understanding and configuring NetSuite can be considered a technical skill. While it has a user-friendly interface, in-depth knowledge of its features, customizations (using SuiteScript), and integrations often require technical expertise. To fully harness the power of NetSuite software, consider seeking those with years of experience configuring ERP systems.
What are the Standard Roles in NetSuite?
NetSuite offers various predefined roles designed to align with common job functions. These include roles like Administrator, Accountant, Sales Rep, and more. Each role has permissions that determine what a user can access and do within the NetSuite account.
Can I teach myself NetSuite?
Yes, you can learn the basics of NetSuite through self-study. Here's how:
- Utilize NetSuite's free resources. SuiteAnswers, the YouTube channel, and the podcast provide a wealth of information.
- Explore online forums and communities. The NetSuite Reddit is a great place to connect with other users, ask questions, and troubleshoot problems.
- Consider NetSuite certification. Pursuing an official NetSuite certification can be beneficial if you want structured training and validation of your NetSuite skills.
Here are some additional considerations to have in mind when developing your NetSuite skills:
- Data Migration. When moving to NetSuite, careful planning and execution of data migration is crucial. This often requires technical skills for a smooth transition.
- Communication Skills. Strong communication skills are essential for NetSuite users, especially when collaborating with developers, IT teams, and other stakeholders who implement and use the software.
- Product Marketing. Understanding product marketing can help you better communicate NetSuite's benefits and features to colleagues and decision-makers within your organization.
Top Resources to Boost Your NetSuite Skills
Classic Certifications
If you prefer courses and test-taking, NetSuite's collection of certification courses is a great place to start. Oracle offers an array of official training resources in its Educational Services section. Their specific NetSuite certification courses cover everything from CRM to ERP, customization options, standard records types, and more information. In addition to their foundational course, they offer an accounting and finance-specific course. Consider exploring NetSuite training options for your team.
SuiteAnswers
Have a quick question about how to do something on NetSuite? SuiteAnswers is available to all users. In addition to thousands, and we mean thousands, of support articles, you can also find videos and other helpful documentation for any query or problem you may have.
The NetSuite Reddit
If you can't find what you're looking for in SuiteAnswers, you can learn from other NetSuite users on Reddit. This forum is an unofficial channel, but you'll find various topics, from information on updates to complex troubleshooting queries.
The NetSuite Podcast
For those who love listening, NetSuite offers a freely accessible podcast series that covers various advanced topics. From figuring out advanced analytics to the ever-changing role of accountants, this podcast is a great tool to boost your industry expertise.
NetSuite's YouTube Channel
Similar to the podcast, NetSuite's YouTube Channel offers hundreds of in-depth videos on using their ERP, benchmarks, and other data reports.
BSP YouTube For More Video Tutorials
BSP is an unofficial NetSuite source, but the company offers consulting and NetSuite implementation services and provides numerous detailed tutorials as a solution provider.
Slideshares
Unsurprisingly, other accountants or NetSuite integrations have drafted slideshow tutorials. Collecting useful slideshows to send to new hires as a "welcome kit" can be worth it.
Integration Resources
Within NetSuite's network are hundreds of quality integrations, all meant to make your life easier. Explore the NetSuite marketplace to find solutions that enhance your ERP payment processes, automation options, and more. Many integrations include regular content on best practices, new tips and hacks, and other information on the ERP. If you already use integrations, such as AR or AP automation software, you should check if they have a blog, case study, or another NetSuite-related guide.
Power Up Your ERP
Expanding your NetSuite skills is easier than ever. There is something for everyone between official resources, unofficial tutorials, and integration guides.
Your NetSuite software should streamline your business processes. However, automation is the best way to improve your workflow with little or no work. An end-to-end accounts receivable automation workflow that syncs with your NetSuite program in real-time is essential for modern businesses.
Schedule a demo today to learn how automating your payment process can power up your NetSuite ERP.