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If you’re an Oracle Netsuite subscriber, you know the software is packed with features to help your business run more efficiently. But are you getting the most value out of your subscription? Keep reading to make the most of your Oracle Netsuite investment.
Using Oracle NetSuite
Oracle NetSuite offers a comprehensive and customizable software-as-a-service (SaaS) solution for businesses of all sizes. Oracle NetSuite enables businesses to manage their finances, operations, and customer relationships all in one place. The Oracle NetSuite pricing options include subscriptions and other pricing options that can be tailored to the specific needs of each business. While Oracle NetSuite is not the least expensive enterprise resource planning (ERP) solution on the market, it does offer a high degree of value for the price.
The Oracle Netsuite community offers users a wealth of resources for getting the most value out of their subscription. This includes support forums where users can ask questions and share advice, as well as educational materials, such as webinars, ebooks, and white papers. The community also offers networking opportunities with other users and Oracle Netsuite experts.
Evaluating Your Needs and Usage
To get the most value from your Oracle Netsuite subscription, evaluating your needs and usage is essential. This will help you to determine which features are required to run your business and which can be safely deferred or eliminated. Many small businesses do not need all of the features included in Oracle NetSuite’s standard package, so it’s essential to identify which ones are needed and tailor the subscription accordingly. For example, if invoicing and billing are not a critical part of your operation, you may be able to save money by eliminating those features from your subscription.
Once you have selected an appropriate pricing plan, you must ensure that you’re using all of Oracle NetSuite’s features to their full potential. This may include training, working with a consultant, or simply taking the time to learn the software. Many businesses only use a fraction of what Oracle NetSuite offers, resulting in wasted money and resources. By taking advantage of everything that Oracle NetSuite offers, businesses can get maximum value from investing in this powerful software suite.
Staying Up to Date
If you’re subscribed to Oracle NetSuite, it’s essential to stay up-to-date on updates and releases to get the most value from your subscription. Releases are typically announced a few months in advance, so sign up for email notifications or check the NetSuite Release Notes page regularly. Updates usually include new features, enhancements, and bug fixes. It’s important to install updates as soon as they’re available because they can improve performance and stability.
In addition, updates may include changes required to maintain compliance with regulations or other requirements. To ensure that you always have the latest version of NetSuite software, configure your system to install updates automatically. You can set this up by going to Setup > Company > General Preferences > System Preferences and checking the box next to “Automatically Install Updates.” You can also choose how long you want NetSuite to keep old software versions on your system before automatically deleting them.
Utilize the Subscription Planning Worksheet
A subscription planning worksheet is a tool that can help you get the most value out of your Oracle Netsuite subscription. It can help you identify and track opportunities to upgrade your subscription, optimize your license usage, and forecast future license requirements. The worksheet includes general information, license and usage summary, and forecasted licensing requirements.
The general information section includes basic information about your company and Oracle Netsuite subscription.
The license and usage summary section summarizes your current license usage and identifies any opportunities to upgrade your subscription. Lastly, the forecasted licensing requirements help you forecast future conditions based on your projected growth.