Is NetSuite hard to learn?

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Open laptop displaying NetSuite dashboard on screen, symbolizing online learning and mastery of NetSuite software.

In today’s fast-changing business world, the need for specialized accounting software is on the rise. NetSuite Software stands out as one of the top choices. This blog will take a close look at what it takes to learn NetSuite, exploring NetSuites Solutions  and get answer of question, “Is NetSuite hard to learn?“. We’ll also see if learning it can bring good opportunities and rewards. Join us as we explore the key aspects of NetSuite training, its features, and how it can benefit your career or business. 

A Little About NetSuite Software

NetSuite Software is a smart tool for businesses. It does a lot, from keeping track of your money to managing customer relationships. NetSuite lives in the cloud. This means you can use it from anywhere, anytime. It’s built to grow with you. So as your business gets bigger, NetSuite can handle it. People love its features. They make daily tasks easier and help your business run smoothly. With NetSuite, you’re in good hands. It’s made by Oracle, a big name in tech. They know how to build software that businesses can rely on. 

Things We Should Know Before Learning NetSuite

  • Basics of ERP: Knowing what an ERP (Enterprise Resource Planning) system does is helpful. It’s like the brain of a business, connecting different parts like sales, finance, and more.
  • Cloud Computing: NetSuite is a cloud-based software. Understanding cloud computing can be a game-changer for businesses.
  • Accounting Principles: Since NetSuite includes financial management, a grasp of basic accounting is useful.
  • Business Processes: Familiarize yourself with common business tasks and workflows. This helps in understanding how NetSuite can make these processes smoother.
  • Tech Savviness: Being comfortable with technology makes learning NetSuite easier. It’s about being ready to navigate and use software efficiently.

How to Learn NetSuite

Learning NetSuite can be an exciting journey. Here’s how you can start:

  • NetSuite Training Courses: Enroll in official NetSuite training courses. They’re designed to help beginners and advanced users alike. 
  • Guided Learning Paths: Follow structured learning paths. They take you through step-by-step lessons that build your knowledge gradually. Think of it as building blocks for your NetSuite skills.
  • Hands-On Practice: Use NetSuite in a sandbox environment. It’s a safe space to try things out, make mistakes, and learn from them. Practice is key to mastering NetSuite.
  • Join Online Forums: Become part of the NetSuite community. Here, you can ask questions, share experiences, and get tips from others. It’s like having a group of study buddies.
  • Certification Programs: Aim for NetSuite certification. It’s a way to test your knowledge and show employers what you can do. Think of it as earning a badge of honor for your NetSuite skills.
  • Use Available Resources: Look for NetSuite guides, blogs, and videos. There’s a wealth of free information out there to supplement your learning.

How To Use NetSuite for Accounting?

NetSuite Accounting Software acts like your business’s financial command center. It handles everything from recording sales and expenses to keeping an eye on your cash flow. Imagine it as your digital finance expert.

NetSuite accounting can streamline your financial processes. Here’s how to get started:

  • Set Up Your Account: Begin by setting up your company’s account details in NetSuite. This includes your financial year, chart of accounts, and tax settings. Think of it as laying the foundation for your financial house.
  • Manage Your Transactions: Use NetSuite to handle daily transactions like invoices, expenses, and payments. It’s like keeping your financial records in order, day by day.
  • Monitor Cash Flow: Keep an eye on your cash flow directly from the dashboard. NetSuite gives you a clear picture of money coming in and going out. It’s like having a financial health check at a glance.
  • Close Your Books: NetSuite simplifies the month-end close process. With automated processes and checklists, closing your books becomes more straightforward and less time-consuming.
  • Generate Reports: Use NetSuite’s reporting features to create financial statements and other reports. It’s like having a crystal ball that shows how your business is doing financially.
  • Budget and Forecast: Plan your financial future with NetSuite’s budgeting and forecasting tools. These help you set financial goals and track your progress toward them.

NetSuite Training: Learn NetSuite with Hundred MS

Hundred MS goes beyond just guiding you through the complex process of NetSuite implementation. If you’re thinking of working with us for NetSuite, you’re in for a great learning journey. Our team is filled with top-tier professionals. Our experts have reached significant milestones in the realm of NetSuite, they’re really good at what they do and they make learning quick and easy. So, if you’re looking into NetSuite training, think about teaming up with Hundred MS. It’s a great way to learn from the best and get skilled fast.

Conclusion

Concluding our exploration, the question “Is NetSuite hard to learn?” finds its answer in perspective and approach. Like any sophisticated tool, NetSuite presents challenges, but with the right resources, guidance from experts like Hundred MS, and a commitment to learning, these hurdles become manageable. NetSuite’s depth offers vast opportunities for those willing to dive in, making the learning journey not only achievable but rewarding. With every step, NetSuite becomes less of a challenge and more of a powerful ally in your professional toolkit.

FAQs on Learning NetSuite

If you have some background in similar software or ERP systems, you might pick it up faster. Usually, getting comfortable with the basics can take a few weeks, but becoming a pro might take months of practice.

 

NetSuite is designed to be user-friendly, but like any comprehensive tool, it has a lot to learn. Starting might seem tough, but with practice and good training, it gets easier.

Yes, you can! There are plenty of resources available, including online tutorials, training courses, and user communities. However, having a guide or a training program like the ones offered by Hundred MS can speed up your learning.

Absolutely. NetSuite is a leading cloud ERP that’s in high demand by businesses big and small. Knowing how to use NetSuite can open up career opportunities and help businesses run more efficiently.

To get NetSuite certified, you’ll need to study for and pass a certification exam. NetSuite offers several certifications, depending on your focus area. Prepare by taking NetSuite training courses, practicing your skills, and studying the exam guide. Once you feel ready, you can register for the exam through NetSuite’s official certification page.

Nare Khachatryan

Nare Khachatryan

Business Analyst at Hundred MS

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Narek Abgaryan
Narek is the CEO and co-founder of Hundred MS. With a dynamic career that spans investment firms, asset management, risk management, and corporate finance, Narek has demonstrated a profound ability to navigate and innovate within the financial sector. His work across various countries and in diverse financial domains reflects a global perspective and an adaptable, forward-thinking approach. He Brings a wealth of knowledge and experience from the worlds of finance and technology. As a distinguished graduate of the University of Oxford and Hult International Business School, Narek has earned a reputation for excellence in the financial domain. His credentials, including the esteemed CFA and FRM certifications, are a testament to his deep understanding and expertise.
CFA, FRM
Narek Abgaryan
CFA, FRM, Fund Manager & CEO
Narek is the CEO of Hundred CJSC. Before embarking upon this position, he accumulated 7+ years of multinational experience including the positions of CEO, Head of Research and Member of the Board at various licensed and regulated investment companies. Narek is a graduate of Hult International Business School, Armenian State University of Economics and is currently pursuing his education at Saïd Business School of the University of Oxford. Narek is a CFA charter holder and a certified FRM.
Our Mission
Our mission is to extend our partner-based, specialized and cost-effective cooperation to our clients to enable them to focus on their long-term strategy and leverage their core competencies around value-creating activities, thereby boosting Armenia’s economic development.
Our Vision
We have a deep conviction that the financial system is the pillar of our civilizations. Economies that are exploding with growth are the ones that adopted modern finance. We aim to reach a reality where access to unconventional finance technics should be within reach of every economic unit. This shall empower everyone to allocate their human and financial capital more purposefully and innovatively for the benefit of a secure, wealthy, and responsible society.
Objectives
In "Hundred" CJSC, we are structuring our goals to revolve around the best interests of our investors and business partners. The basis we build our strategy on is satisfaction of expectations of our Clients, by bringing substantial profits to them through ethical management of investments, assets and portfolios. In the path of achieving the set tasks, we target new financial products adapted to the Client’s needs and offer variety combinations of interdisciplinary innovations. Following our set of values, we see our short-term goal in becoming one of the leading players in the domestic market, pursuing the long-term ambitious goal of integration into regional and global financial markets.
Corporate Values
We believe that earning the trust of each Client cements the next layer of the foundation of the Company’s reputation. Financial relations are built on trust; thus, our reputation is the heart of our business. Our allocentric approach to dealing with clients ensures that we always put their interests first. We do our utmost to make sure that our decisions are utterly disconnected from the greed when it comes to rendering our services. Promulgating ethics and adhering to the highest professional standards are the bedrocks of our corporate values.
  • Are your financial records more puzzling than they should be?
  • Has the audit process become a recurring nightmare for your firm?
  • Do important financial decisions stall due to unclear or absent financial reports?
  • Are high operational costs without clear returns keeping you awake at night?
  • Is hiring and maintaining a full-fledged financial team putting a strain on your resources?
  • Are you in the dark about your company's true valuation and need clarity?
  • Is the challenge of cleaning up your accounting books holding your business back?
  • Are outdated systems causing inefficiencies, prompting the need for an ERP implementation?
  • Have you identified the need for a robust risk management strategy but don't know where to start?
  • Are you looking for a one-stop firm that can handle everything from corporate strategy to asset management?
Are You Ready to Transform Your Businesses’ Financial Landscape?
Are You Ready to Transform Your Businesses’ Financial Landscape?
  • Are your financial records more puzzling than they should be?
  • Has the audit process become a recurring nightmare for your firm?
  • Do important financial decisions stall due to unclear or absent financial reports?
  • Are high operational costs without clear returns keeping you awake at night?
  • Is hiring and maintaining a full-fledged financial team putting a strain on your resources?
  • Are you in the dark about your company's true valuation and need clarity?
  • Is the challenge of cleaning up your accounting books holding your business back?
  • Are outdated systems causing inefficiencies, prompting the need for an ERP implementation?
  • Have you identified the need for a robust risk management strategy but don't know where to start?
  • Are you looking for a one-stop firm that can handle everything from corporate strategy to asset management?
Levon Garibyan
Levon, the co-founder and Business Development Director of Hundred MS, brings over a decade of international experience to his role. His career spans managing private firms with diverse business profiles across the UK, UAE, and Russian Federation. Levon has not only excelled in steering these companies towards growth but has also specialized in business development strategy and fundraising. His expertise in these areas has significantly contributed to the expansion and success of these firms. Levon's academic background is equally impressive, having studied at Cranfield University School of Management and Moscow State University of International Affairs (MGIMO), where he honed his skills in business management and international affairs.
Levon Garibyan
Levon is the Business Development Director and Strategy Specialist of the company. He acquired international experience of more than 10 years, managing private firms with various business profiles in UK, UAE and Russian Federation. Levon studied in Cranfield University School of Management and Moscow State University of International Affairs (MGIMO).
Business Development, Strategy & Fundraising
David Tarkhanyan
David is the co-founder of Hundred MS and the CEO of Hundred MS GmbH. His track record in delivering innovative financial solutions and driving performance improvement initiatives showcases his ability to lead complex projects and navigate the intricate world of finance. David's breadth of experience has equipped him with the unique ability to understand and address the multifaceted challenges businesses face today. His exceptional qualifications, marked by the CFA and FRM certifications, reflect his deep commitment to financial mastery and strategic insight. David's career is characterized by a wide-ranging experience in investment banking, performance management, controlling, and reporting, among other critical financial domains.
David Tarkhanyan
David Tarkhanyan
David Tarkhanyan
Financial Controlling Investment Banking
David is the co-founder of Hundred MS. He is a Banking specialist with a focus on Financial Controlling, Planning, and Performance Management. His experience extends more than 10 years in various investment banks in Vienna and Frankfurt. David studied Physics at Bauman University and Industrial Engineering at the American University of Armenia.