Home » NetSuite Implementation » Streamlining Your Netsuite Implementation Process: A Comprehensive Checklist

Streamlining Your Netsuite Implementation Process: A Comprehensive Checklist

NetSuite ERP setup is a complex procedure and it needs a detailed NetSuite implementation checklist. To implement the checklist successfully, you will need a significant amount of time and resources. Each step can make or break the process. But in the end, NetSuite can improve corporate performance and team productivity with its customizable dashboards. 

NetSuite’s main ERP platform covers accounting, inventory management, order management, and tax administration. There are plenty of modules to pick from if you want to completely personalize your experience. These include payroll, HR, manufacturing, contract renewal, and many more.

The NetSuite ERP project manager and team has to study the organization’s core business processes and conduct stakeholder interviews, taking into account every element from the foundation to the roof. This is to ensure that the NetSuite implementation checklist is clear. 

Let’s break down the NetSuite implementation checklist and the whole process in the easiest way possible for you to grasp. 

What is NetSuite Implementation 

NetSuite implementation is the process of customizing and incorporating NetSuite to meet the unique requirements of a growing business. This requires an extensive strategy that extends beyond just installing the software. It includes responsibilities such as creating finance, inventory, and order management modules, smoothly connecting NetSuite with existing systems such as CRM or marketing tools. It also includes comprehensively teaching staff on how to properly navigate and use the platform.

Creating a NetSuite implementation checklist to adapt with the ERP can considerably help firms in streamlining processes, increasing visibility, and promoting growth. NetSuite integrates accounting, inventory management, and customer relationship management (CRM) into one platform, removing data silos and guaranteeing that all departments have real-time access. 

You can also do Stripe NetSuite integration, but you’ll need an official implementation partner to set up the Stripe Connector for NetSuite. Wait, you are asking what a Stripe Connector is? The Stripe Connector for NetSuite is used to integrate Stripe data to NetSuite. For instance, the customer data, payments and invoices, refunds and deposits can be synchronized to facilitate payments through programmable APIs.  

Best Practices for NetSuite Implementation:

  • Engage: The first step in any implementation strategy is to engage with teams. ERP project teams, which include project managers, engineers, and management, are assembled here. You will begin with kick-off calls, project budgets, timelines, and management plan adjustments.
  • Drive: At this stage, you must develop actionable plans for the ERP solution’s future deployment. Customizations may be required and will need to be developed. This is also the time to develop a training strategy and make plans for distributing cloud-based apps or licenses.
  • Enable: The objectives for this stage are to prepare for the go-live event. You must also move critical data and put the ideas developed in the Drive stage into effect. This encompasses training, installation, and solution testing.
  • Convert: The final phase in an ERP setup is effectively turning on the lights. Prior to the go-live date, enterprises complete final data migrations and transfer ownership of the systems to the client.

Choices for NetSuite Implementation:

  • Self-implementation: Self-implementation of NetSuite is not difficult, but it is not recommended unless you have experience architecting, configuring, and delivering sophisticated business applications. In addition to knowledge, you’ll need an experienced in-house implementation team to help you through the process from beginning to end. During the installation, this will most likely be their exclusive task. This can have an influence on their productivity because it will need their full attention.
  • NetSuite Direct Implementation: You can employ NetSuite’s in-house team, known as NetSuite direct, to assist you with the installation. NetSuite’s internal staff is well-versed in the software’s capabilities and features. This is because they created the system. They are ideal for making simple adjustments. You should consider whether you require post-installation assistance, which NetSuite does not provide by default.
  • Implementation with Partners: When compared to other options, NetSuite implementation partners consist of an experienced team of contractors who can provide a greater level of understanding. You can rely on your implementation partners to provide post-go-live maintenance and support, providing you peace of mind in the future.

Checklist for NetSuite Implementation

A successful Netsuite integration needs a detailed NetSuite implementation checklist for meticulous planning and execution of the process. We have made a checklist outlining the key stages and crucial steps for smooth transition of NetSuite implementation process

Here is a NetSuite implementation checklist to keep the important points in mind:

Build A Strong Foundation:

  • Research: This first phase entails learning about NetSuite’s capabilities and how they fit with your business objectives. Explore demos, case studies, and industry-specific solutions to gain a better understanding of the platform’s value proposition.
  • Executive Buy-In and Project Team Formation: You have to secure the commitment of key stakeholders. Form a cross-functional project team composed of finance, operations, sales, and IT professionals. Give the team charge of overseeing the implementation process and ensuring that it aligns with company objectives.
  • Requirements Gathering and Gap Analysis: You have to conduct a detailed examination of your present business processes. Identify pain areas and define an ideal future state. Use this to establish which NetSuite modules are most relevant and where additional customisation may be required.
  • Data Migration Strategy: Make a strategy to move your existing data to NetSuite. You need to ensure data cleaning and standardization to maintain data integrity in the new system. Create an efficient backup and a recovery plan to protect important business data.
  • Defining Success Metrics: Set KPIs to assess the success of NetSuite implementation. These measures could include enhanced efficiency, lower error rates, shorter reporting periods, or higher sales.

Implementation & Customization:

  • Configuration and Customization: You need to collaborate with your NetSuite implementation partner. Set up key modules and custom workflows specific to the business needs. Bridge the gap between NetSuite’s features and business requirements. 
  • Integrations: Determine whether you need to integrate NetSuite with systems like CRM, marketing automation tools, or e-commerce platforms. Make sure the data flows smoothly between these platforms to avoid information silos and retain a comprehensive perspective of your activities.

Going Live:

  • Testing and Training: Prior to going online, do comprehensive system testing to detect and resolve any potential issues. Create a thorough training program to provide users with the essential skills and knowledge to efficiently navigate NetSuite.
  • Change Management: Create a communication plan to keep staff informed of planned changes and resolve any concerns. User adoption is vital to success, so aggressively engage staff throughout the process and offer continuing assistance. 

Monitor & Improve:

  • Monitoring and Optimization: A continuous monitoring of system performance and user adoption is required. Identify areas for improvement using NetSuite’s reporting and analytical tools and optimize workflows based on real-time data.
  • Ongoing Support: Make strategies to get constant support from your NetSuite partner. This may include technical support, user training updates, and access to the most recent features and functionalities as NetSuite evolves. 

The Right Time for NetSuite Implementation

Choosing the right time for a NetSuite implementation needs a NetSuite implementation checklist, a thorough assessment of the company’s present situation and future objectives. One key indicator is whether the current software is becoming a roadblock for business expansion. 

For instance, If the current accounting system, such as QuickBooks, is unable to handle the complexities of finance operations, NetSuite’s scalability can be a game changer. NetSuite can smoothly interact with a variety of departments, including finance, inventory, and customer relationship management (CRM). 

NetSuite’s integration with Stripe proves quite valuable. A seamless Stripe NetSuite integration centralizes the financial data, providing a comprehensive picture of cash flow, inventory, and customer transactions. This real-time visibility allows data-driven decisions regarding anything from inventory management to marketing initiatives. 

NetSuite’s scalability, unified platform, and integrations can help any organization grow. Consulting with a NetSuite implementation partner can help assess the specific needs of any business and create a roadmap for a successful implementation of NetSuite.

Challenges with NetSuite Implementation 

You might come across many challenges when implementing NetSuite. It’s better to familiarize yourself with some of the common challenges and stay ahead. 

Incorrect Planning:

The most prevalent implementation difficulty is incorrect planning. An implementation project must be completed in stages on a certain plan or timeline. There are so many possibilities in the ecosystem that if you do not prepare your NetSuite integration process and installation project with your specific business objectives in mind, you will run into a lot of hassles and costs. Fortunately, this is a simple repair! As long as you have a reputable adviser discussing with you on the modules and features you require.

Data Migration:

Transfer of data requires the knowledge of experts who connect various software applications. This can be difficult depending on the ERP or system you are already using; however, you can always approach different service providers to choose the best one for you.

Incorrect Methodology & Testing:

It is vital to test your ERP implementation as part of the project strategy. If your consultant or provider lacks the necessary methodology and testing methods, problems will arise.

Wrong Implementation Partner:

50% of ERP implementations fail because the organization chose the wrong partner. Work with a NetSuite implementation partner who understands your company’s objectives, budget, desired go-live date, modification requirements, and present bandwidth. 

Wrap Up 

Implementing NetSuite successfully requires significant effort, from obtaining executive buy-in and confirming requirements to appropriately configuring it and testing its efficacy, all the way to administrative approval of configuration changes and assessing effectiveness. As a result, ensuring you have a thorough understanding of your business users, objectives, and a robust NetSuite implementation project strategy are critical to effective execution.

An important element for many businesses is integrating payment processors like Stripe. A well-configured Stripe NetSuite integration creates a unified financial hub, offering real-time visibility into cash flow, inventory, and customer transactions. This empowers data-driven decision making across the organization.

By following the above-mentioned NetSuite implementation checklist, the chances of successful implementation can significantly increase. Folio3’s NetSuite implementation is the ultimate solution for all of your business challenges. Folio3 has comprehensive knowledge in all aspects of the NetSuite ecosystem as a long-term NetSuite partner. We understand the complexities of NetSuite deployments. We can assist you with the whole implementation process, from requirement identification to planning to actual performance. 

If you want to learn more about the NetSuite implementation checklist or Stripe NetSuite integration, and are considering NetSuite for your business, get in touch with us and check out our resources at Folio3

Get In Touch With Our Experts

    Get In Touch With Our Experts

      I have read and agree to the Privacy Policy of Folio3
      I agree to be contacted by Phone or Email by Folio3

      Get in touch with the


      End-to-end NetSuite Servicing Agency

      Tell us how may we assist you!