NetSuite Consultants are responsible for the management and development of the cloud-based NetSuite software solution. They work to analyze business processes and help companies use the NetSuite system to organize various aspects of the business model. Read on to learn more about the role of a NetSuite consultant!
What is NetSuite?
NetSuite is a comprehensive cloud-based software solution that offers the characteristics and functionality necessary to operate business processes from a 360 ° perspective.
It integrates all the key areas of an organization such as accounts, purchasing, sales, HR, supply chain, and manufacturing in one easy to use interface.
Companies use NetSuite for enterprise resource planning (ERP) and to manage inventory, track finances, e-commerce, and maintain customer relationship management (CRM) systems.
Since they are purely cloud-based, NetSuite systems are easy to set up and have the upper hand when it comes to implementation speed, system upgrades, and performance when compared to traditional ERP systems.
The NetSuite software is used to process business data and is crucial in the management of thousands of businesses across all industries.
Responsibilities of a NetSuite Consultant
A NetSuite consultant is responsible for the overall management of the NetSuite system of a company. They take care of many of the technical details involved in a project by taking on and handling disruptions if and when they arrive.
They also provide training and continuous support, ensuring the business and its staff can get the most out of the NetSuite software. Furthermore, consultants have superior knowledge of technology solutions and offer advice on how best to implement it and suggest customized strategies.
A NetSuite Consultant’s tasks also include analyzing business processes and systems from a non-business point of view. They are then able to detect areas where new technology can improve day-to-day operations. They periodically review that the software is being used properly to ensure business objectives are being met and to suggest ideas for improvement.
To sum it up, a NetSuite Consultant should be able to perform the responsibilities of developing business requirements and then implementing and configuring NetSuite following those requirements.
They are responsible for modifying and customizing the system to meet the needs of the company. This includes the ability to design and build custom objects as the consultant will be responsible for leading and understanding the process of system integration components.
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Essential duties and responsibilities of a NetSuite Consultant:
- Developing and implementing NetSuite customizations
- Analyzing and understanding of existing software
- Assisting technical teams with change management and technical skills
- Customizing NetSuite fields, record types, reports, page layouts, and dashboards
- Writing design specifications and estimates for programs
- Discussion with decision-makers to optimize and improve technology management
- Develop custom code using SuiteScripts to meet user requirements
- Managing mass data imports and exports
- Handling system integration testing procedures, prepare test scripts, prepare test data
- Designing a system enhancement process, developing materials for end-users, communicating with the clients to gather project requirements
Skills & Abilities
The ideal candidate possesses a high aptitude to accept complex assignments, analyze problems, provide effective solutions, and lead project implementations.
They must be skilled with the following NetSuite tools:
- Record-to-Report
- OneWorld
- Advanced Financials
- Advanced Revenue Management and Multi-book
NetSuite Consultants also have demonstrated experience in translating customer business requirements into workable business solutions, be it a software solution or a re-engineering initiative.
They rely on their experience in business process mapping or light change management to be successful in the role.
NetSuite specialists are also skilled at Project Management, and generally have experience developing work breakdown structures and project plans.
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Skills required for a NetSuite Consultant:
- Deep understanding of NetSuite functionality
- Knowledge in OneWorld implementations
- Delivery of configurations and customizations within NetSuite
- Deep knowledge of NetSuite reporting tools and dashboards
- Skilled at NetSuite Data migration tools
- Strong written and oral communication skills
- Ability to carry out a GAP analysis on customers current process
- Strong presentation and technical writing skills
Background
Most employers require at least a Bachelor’s degree, preferably in Management Information Systems, Accounting, or Business.
If you come from an alternate academic background, you can also gain appropriate certification in NetSuite to learn the necessary skills and requirements.
Some certifications and/or courses to consider:
Netsuite Consultant Salary & Freelance Rate
The average salary for a NetSuite Consultant is $81,000 per year (USA). Consultants new to the industry or junior consultants can expect to earn around $57,000 annually. With years of experience and/or increased skills, a Senior NetSuite Consultant can earn $114,000 per year.
The NetSuite Consultant salary in the UK ranges between £34,000 and £75,000. On average, NetSuite professionals can expect £53,000 per year.
It is important to note, however, that salaries vary considerably depending on the specific experience, industry, company, and location.
How much does a NetSuite Consultant make?
| Junior | $57,000 |
| Average | $81,000 |
| Senior | $114,000 |
What does a NetSuite Consultant charge on a freelance basis?
| Average rate NetSuite Consultants (2022) | $72/hr |
On average, freelance NetSuite Consultants charge $72/hour (freelancermap’s price and rate index in September 2022).
Most freelancers in NetSuite Consultancy have an hourly freelance rate between $36 and $127.
Considering a freelance rate of $72/hour, a freelancer would charge $576/day for an 8-hour working day.
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