Manish Patel’s Post

Streamlining Financial Processes with NetSuite: A Business Analyst's Perspective In today's fast-paced financial landscape, businesses rely on robust ERP solutions to automate, manage, and optimize processes. NetSuite, a leading cloud ERP system, is revolutionizing the way companies handle financials, supply chain, and CRM. As a Senior Business Analyst with over 7 years of experience in financial reconciliation and trade lifecycle management, I’ve had the privilege of working with tools and systems that align with NetSuite’s offerings. From automating reconciliations and designing compliance workflows to integrating Swift messaging for payments and cash management, I’ve seen firsthand how the right ERP solution drives efficiency and compliance. Key Benefits of NetSuite: Real-time Financial Visibility: Enables instant access to key metrics and reports.  Integrated Workflows: Seamlessly connects finance, operations, and CRM for smoother processes.  Scalability: Grows with businesses to meet evolving needs. Whether it’s automating reconciliation processes using tools like Power BI and Intellimatch, or managing data transmission with SFTP and MQ, I see immense potential in aligning these solutions with NetSuite’s powerful features. If your organization is considering NetSuite or seeking innovative ways to optimize financial operations, I’d love to connect and share insights. Let's work together to transform challenges into opportunities! #NetSuite #ERP #FinancialAutomation #BusinessAnalyst #Finance #Reconciliation #CloudERP #Efficiency #DigitalTransformation #SwiftMessaging #TradeLifecycle

If ever you’ve gone through an implementation of a new system you can appreciate how much work is involved by you and the implementation team. Organization is critical, here are some things to consider while you’re in the sales cycle. 💾Data Integrations💾 Your time is more valuable than loading in data manually. That can actually create more work than the amount you had hoped to save with the project in the first place! Make sure to have the data tables ready so think about how you’re going to regularly pull a GL extract or trial balance from your system into an easily digestible format that a machine can read. Think about security endpoints and data cleanliness from your source. Remember good data mixed with bad data is still bad data. Having a resource with experience in API calls is mandatory in this digital age. 🤖CPM Implementations🤖 Implementing a CPM (Corporate Performance Management) like Vena means you’re looking to simplify and speed up your budgeting process. Consider automation of your GL transactions and trial balances from your accounting system on a regular schedule. Consider the number of licenses you’ll need and the roles each user will occupy. 🚀CRM Implementations🚀 Make sure that you have all of the data tables ready, a good understanding of the relationships between the tables, and how it fits within your business structure. Consider users, permission sets and the type of reporting that would benefit your salesforce ☄️ERP Implementations☄️ These projects have so many moving parts and many things can go wrong if not carefully managed. You may want to consider hiring an outside consultant or technical pm that has implementation experience in the ERP if you don’t have a business analyst or finance person with systems exp. This individual will keep the implementation team accountable to your requirements. ⏰Proper and realistic timelines⏰ A timeline too short/aggressive can cause complications down the road. If your goal is to implement a software within a month of your budget cycle that will probably not be enough time to make sure your users are enabled and understand the new process. Consider aiming for a few months after your go-live. If you’re implementing Vena you’ll know your users are enabled when they start building reports and data tables by themselves! 💰Navigating Change Requests (CR)💰 You’re already spending money on this new software why spend more than you really need to? CR’s usually happen when you need a feature that is out of the statement of work (SOW) or if there is a change in the deliverable resulting in rework. You’re open to changing a process since you’re implementing a software, maybe a process that will add more complication to your system is better off not needing to be replicated in the new environment. In the sales cycle make it known that a feature is needed if it’s mission critical. Make sure there is a mention of it in the SOW and it is properly scoped out. #tech #software

#ERP - open source to freedom: The recent global events as well as the need to have better control of your own business or institutional data, means that the cloud may not be the answer (or at least it should only be PART of the whole ecosystem). There should be redundancy and retention of your own assets, and never held at ransom by others, no better how big a name it may be. For Enterprise Resource Planning or ERP, this encompassing function covers everything from accounting, asset management, customer relationship management (CRM), human resource management (HRM), payroll, project management, purchasing, sales management, and warehouse management. This is why traditionally, ERP software was the domain of big shops like SAP and later, Oracle. But to big and emerging businesses, and especially sensitive industries that require retention of control, some of the commercial software may not be the answer. This is where self-hosted open source software come in. ERPNext, built on the efficient MariaDB and Python framework, is just such a solution. Beyond the typical ERP modules above, it even includes a website creation feature which will allow you to host your own website, blog, chat, forms and even ecommerce right within the system. And all these at a fraction of big software like SAP or Oracle. As the world becomes more unstable and unpredictable, the last thing you want to worry is your own data and assets. You may need to rein in control of your data, and create archive redundacy, as well as having your own hardware, even if it is just for redundancy purposes. The world has come full circle. #ecommerce #website #digitalization #computing #it #server #bigdata #finance #success #leadership https://erpnext.com/

Alleviate the need for complex integrations and maintaining multiple applications for data analysis with NetSuite's Analytics Warehouse. Gain meaningful insights by connecting easily to your existing NetSuite account. Learn more about how our clients are leveraging this application in our Webinar and accompanying blog. #NetSuite #AnalyticsWarehouse #DataAnalysis

I was talking to someone about the role of ERP consultants, and he remarked that it sounded just like what business analysts do. This got me curious, so I decided to dive into the specifics of a business analyst’s role to see if they truly overlap. Let me explain in simple terms what business analysts do and how it differs from ERP consulting. Business analysts focus on understanding an organization’s processes, identifying areas for improvement, and defining requirements to achieve business goals. Their role often includes gathering data, analyzing business needs, and proposing solutions that could range from process changes to new software tools. They work with stakeholders to clarify requirements and ensure the proposed solutions align with the company’s objectives. ERP consultants, on the other hand, specialize in implementing specific software systems that streamline core business functions, such as finance, HR, inventory, and production. They not only understand the business needs but also have in-depth knowledge of ERP software capabilities. ERP consultants guide the technical configuration, manage data migration, train users, and ensure the system supports and enhances daily business operations. While both roles aim to improve business efficiency, business analysts focus more on understanding and defining problems and requirements at a high level, which may involve various types of solutions. ERP consultants, however, focus specifically on implementing ERP systems as the solution, ensuring the software fits the company’s operational needs. So, while there’s some overlap in understanding business processes, ERP consulting dives into the technicalities of configuring and implementing ERP solutions, whereas business analysis remains broader, sometimes involving projects that don’t require specific software implementations. #ERPConsulting #BusinessAnalysis #TechConsulting #ERPvsBA #BusinessSolutions #ProcessImprovement #DigitalTransformation #BusinessEfficiency #ERPImplementation #ConsultingLife #BusinessProcesses #TechForBusiness #AnalystVsConsultant #ERPExperts #BusinessOptimization

INFOR LN SEC (AUTHORISATION AND SECURITY) IMPLEMENT INFOR LN's SEC module with AMS or DEM or in Combination of all and ensure To-the-point, Secure, Limited, and Auditable Data access to users. Here in SEC Module data access framework is in business language rather than IT language. Which helps Key Users like sales manager/purchase manager/logistics manager/ect to manage User Data access , User Roles and User Authorisation themselves, Unlike AMS where key user or users has to raise tickets for... and co-ordinate with IT Staff for every change in Access. In most organizations, employees are grouped based on the role they execute within the company. A role is different from a function that an employee performs. It is common to have one function but multiple roles, because an employee might contribute to the organization in many ways that must be reflected in the employee’s roles. Roles such as Buyer or Project Manager determine the activities the employee is authorized to perform. The roles of an employee change over time and therefore, customers rely on the role-concept. The SEC functionality allows the customer to set up authorizations and assign permissions to an employee or employee group for various business processes such as project, requisition, procurement, ect. The SEC functionality enables you to define the permissions (no permission, view, use, and modify) for the employees or employee groups to access data for a specific business process. The SEC process helps businesses authorize data access based on a role, rule, or company policy across locations, products, or market combinations. For example, management must be allowed to analyze all the data but employees can be authorized only to work on a subset of data. Eg: Project Manager or Cost Engineer is only allowed to: ▪ See certain Projects. ▪ Use certain Projects All employees who are authorized to create requisitions are only allowed to: ▪ View own Requisitions. ▪ Modify own Requisitions While employee X is on holiday, employee Y is allowed to: ▪ View Requisitions of employee X ▪ Modify Requisitions of employee X You could use the AMS and DEM functionality to assign permissions to employees, which was used to control session access. Using the SEC functionality, you can now provide authorizations to specific business objects (Projects, Purchase Orders, RFQs, and so on) Benefits: ▪ Allows the company’s management to analyze all activities and results. ▪ Sharing related (master) data across locations or product/ market combinations ▪ Supports centralized processes such as, planning or procurement across entities ▪ Reduces overhead by maintaining a single set of master data #InforLN, #CloudComputing, #ERP, #SubscriptionModel, #BusinessSoftware, #TechSolutions, #CloudERP, #DigitalTransformation, #EnterpriseSoftware, #SoftwareAsAService, #InforCloud, #BusinessEfficiency, #ITManagement, #ScalableSolutions, #BAAN,#ERP,#ERPLN,#SEC,#erpsoftware,#erpsolutions, #SoftwareUpdates

We are hiring SaaS ERP #Oracle_Financials_Cloud for one of my Client Raleigh, NC (From Day 1 Onsite) interesting candidates please send resumes to [email protected] or 614-379-0184   Position:- SaaS ERP #Oracle_Financials_Cloud Location: - Raleigh, NC  Visa status: Only GC, USC & H1B JD:- Requirement Gathering: Elicit and document business requirements from stakeholders across different departments to ensure the ERP system meets the organizations needs. - Process #Mapping: Analyze existing business processes and map them to the functionalities of the ERP system, identifying areas for improvement and optimization. - Gap Analysis: Identify the gaps between the organizations requirements and the capabilities of the ERP system and propose solutions to bridge these gaps. - Solution Design: Collaborate with technical teams and vendors to design solutions that align with business requirements and leverage the capabilities of the ERP system. - User Acceptance Testing (UAT): Plan, coordinate, and execute #UAT activities to ensure that the ERP system meets user expectations and functions correctly before deployment. - Change Management: Facilitate change management activities by preparing training materials, conducting training sessions, and supporting users in adapting to the new ERP system. - Data Migration: Work with data migration teams to ensure that data from existing systems is accurately migrated to the new ERP system without loss or corruption. - #Risk_Management: Identify potential risks and issues related to the ERP project, assess their impact, and develop mitigation strategies to minimize their effects on project delivery.- Stakeholder Communication: Maintain open communication channels with stakeholders at all levels of the organization to provide updates on the projects progress, address concerns, and manage expectations. - Post-Implementation Support: Provide ongoing support and troubleshooting assistance to users after the ERP system has been deployed, ensuring smooth operation and addressing any issues

Avoiding Data Migration Pitfalls in ERP Implementations! One of the most misunderstood and overlooked aspects of ERP implementation is data migration. Having been part of multiple ERP projects, I’ve learned that without proper planning, even the most sophisticated systems can encounter serious issues after Go-Live. Here are some of the most common data migration issues I have encountered, along with possible solutions: ❌ Issue 1: Overlooking Data Quality It's common for organizations to assume that their existing data is in good shape. Unfortunately, during migration, issues such as incomplete or duplicate data often surface. 💡 Things to Consider: Start early with a data quality audit. Clean and organize your data before migrating. Get your data team involved right away to ensure smoother transitions down the road. ❌ Issue 2: Lack of a Proper Data Mapping Plan Going ahead with migration without a clear idea of how old data will map to the new system is a sure way to create confusion and delays. 💡 Things to consider: Develop a comprehensive data mapping plan that details how your legacy data will be organized in the new system. Run test migrations in a safe environment to confirm the mapping works properly. ❌ Issue 3: Insufficient Testing Before Go-Live Some teams underestimate how critical it is to test the migration. Errors can disrupt business operations during Go-Live. 💡Things to consider: Perform staged migrations (e.g., starting with master data, followed by transactional data) and test each phase thoroughly. Running mock Go-Live tests can help detect and fix issues early. The bottom line? Data migration is not just technical; it's a business-critical step. By addressing these challenges proactively, you'll minimize Go-Live issues and ensure a smoother ERP launch. What data migration challenges have you faced in ERP projects? Let’s share ideas in the comments! 👇 #ERP #DataMigration #d365 #dynamics365 #microsoft #ax #ax2012 #microsoftdynamics

INFOR LN SEC (AUTHORISATION AND SECURITY) IMPLEMENT INFOR LN's SEC module with AMS or DEM or in Combination of all and ensure To-the-point, Secure, Limited, and Auditable Data access to users. Here in SEC Module data access framework is in business language rather than IT language. Which helps Key Users like sales manager/purchase manager/logistics manager/ect to manage User Data access , User Roles and User Authorisation themselves, Unlike AMS where key user or users has to raise tickets for... and co-ordinate with IT Staff for every change in Access. In most organizations, employees are grouped based on the role they execute within the company. A role is different from a function that an employee performs. It is common to have one function but multiple roles, because an employee might contribute to the organization in many ways that must be reflected in the employee’s roles. Roles such as Buyer or Project Manager determine the activities the employee is authorized to perform. The roles of an employee change over time and therefore, customers rely on the role-concept. The SEC functionality allows the customer to set up authorizations and assign permissions to an employee or employee group for various business processes such as project, requisition, procurement, ect. The SEC functionality enables you to define the permissions (no permission, view, use, and modify) for the employees or employee groups to access data for a specific business process. The SEC process helps businesses authorize data access based on a role, rule, or company policy across locations, products, or market combinations. For example, management must be allowed to analyze all the data but employees can be authorized only to work on a subset of data. Eg: Project Manager or Cost Engineer is only allowed to: ▪ See certain Projects. ▪ Use certain Projects All employees who are authorized to create requisitions are only allowed to: ▪ View own Requisitions. ▪ Modify own Requisitions While employee X is on holiday, employee Y is allowed to: ▪ View Requisitions of employee X ▪ Modify Requisitions of employee X You could use the AMS and DEM functionality to assign permissions to employees, which was used to control session access. Using the SEC functionality, you can now provide authorizations to specific business objects (Projects, Purchase Orders, RFQs, and so on) Benefits: ▪ Allows the company’s management to analyze all activities and results. ▪ Sharing related (master) data across locations or product/ market combinations ▪ Supports centralized processes such as, planning or procurement across entities ▪ Reduces overhead by maintaining a single set of master data #InforLN, #CloudComputing, #ERP, #SubscriptionModel, #BusinessSoftware, #TechSolutions, #CloudERP, #DigitalTransformation, #EnterpriseSoftware, #SoftwareAsAService, #InforCloud, #BusinessEfficiency, #ITManagement, #ScalableSolutions, #BAAN,#ERP,#ERPLN,#SEC,#erpsoftware,#erpsolutions, #SoftwareUpdates

NetSuite data silos got you down? 🤕 We've got the solution! Watch our on-demand webinar and discover how to connect Oracle NetSuite to ANY SYSTEM (ERP, Database, CRM, Data Warehouse, Document Management System, Cloud Storage, Analytics Platform for Visualization, CMS, and more) for a unified view of your business. 📽️ Watch now: https://buff.ly/3VzxjgO #NetSuiteAdministrator #NetSuiteConsultant #NetSuiteUser #ERPIntegration #DataAnalytics #BusinessTransformation #CloudERP #BusinessProcessAutomation #WorkflowAutomation #DataManagement #BusinessIntelligence #FinancialManagement (if relevant to the webinar) #SupplyChainManagement #Webinar #EnterpriseSoftware #BusinessTechnology #DataDriven #DigitalTransformation #ITInfrastructure #BusinessAutomation #CloudComputing #ERP #CRM #Database #DataWarehouse #DMS #CloudStorage #DataVisualization #Analytics #BI #CMS #API #DataSecurity #SaaS #eZintegrations