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Enterprise Update: NetSuite

Understanding the critical importance of the right Enterprise Resource Planning (ERP) system is essential for modern businesses. These complex systems necessitate the support of skilled technology experts for continuous updates, implementations, and enhancements. Our latest jobs report takes a look at the NetSuite markets hiring trends, the expanding role of AI, the growth of specialized ERP functions, key findings, and insights.

Demand for Cloud ERP Expertise

As businesses increasingly adopt cloud-based ERP solutions, the demand for technology experts skilled in these platforms has surged. The global cloud ERP market is expected to grow by 13.6% annually and reach $40.5 billion by 2025​ (NetSuite)​. This growth underscores the need for professionals who can navigate the complexities of cloud ERP implementations, particularly those with experience in leading solutions like Oracle NetSuite. The move towards cloud solutions, accelerated by the need for remote work capabilities, has highlighted the critical role of ERP systems in business continuity and efficiency​ (NetSuite)​.

Expanding Role of AI in ERP

The integration of Artificial Intelligence (AI) in ERP systems, particularly in NetSuite, has created new opportunities and requirements for job roles. With NetSuite introducing AI-powered capabilities across its suite, including enhancements in planning, budgeting, and customer interactions, there is a growing need for AI-savvy professionals who can leverage these technologies to optimize business processes​ (Oracle)​.

Additionally, the integration of AI in ERP systems, is enhancing how businesses operate and make decisions.  NetSuite’s latest updates include the introduction of AI-powered tools such as Text Enhance and Bill Capture (Oracle NetSuite). Text Enhance utilizes generative AI to help users create contextual and personalized content quickly, streamlining tasks that traditionally required manual input. This tool is particularly useful in areas like finance and accounting, HR, and customer service, where custom text generation can significantly improve productivity and accuracy.

Similarly, Bill Capture automates the entry and categorization of financial data, reducing manual workload and minimizing errors. This capability not only speeds up the accounting processes but also enhances data accuracy, providing businesses with reliable information for making financial decisions.

These advancements demonstrate NetSuite’s commitment to embedding AI throughout its ERP suite, transforming how businesses interact with their ERP systems. By automating complex and repetitive tasks, AI allows employees to focus on more strategic, value-added activities. The integration of AI into ERP systems like NetSuite is a clear indicator of the critical role these technologies play in driving efficiency and innovation within modern business operations.

Growth in Specialized ERP Functions

The scope of ERP has expanded beyond traditional domains like finance and HR to encompass comprehensive business management, including customer relationship management, ecommerce, and more. This diversification necessitates a variety of specialists who not only understand ERP software but also the specific business processes they automate and optimize. As NetSuite continues to evolve, there is an increased demand for professionals who specialize in these areas, ensuring that businesses can maximize the benefits of their ERP systems in specific contexts.

Key Findings:

  • The majority of placements were permanent placements over the past year at 52%, while contract placements were at 48%.
  • 100% of placements were remote.

Top 5 Jobs Placed over the Past Year:

  • NetSuite Financial Professional: Manages financial modules within NetSuite, ensuring accurate financial operations, reporting, and compliance with accounting standards.
  • NetSuite Developer: Specializes in customizing and extending NetSuite functionalities through scripting and application development to meet specific business needs.
  • NetSuite Manufacturing Professional: Oversees and optimizes NetSuite’s manufacturing modules to enhance production efficiency and integrate manufacturing processes with other business operations.
  • NetSuite Administrator: Responsible for the configuration, maintenance, and overall management of the NetSuite system, ensuring optimal performance and user support.
  • NetSuite Techno-Functional Analyst: Combines technical and functional expertise to analyze business requirements, implement solutions within NetSuite, and optimize system functionality across various departments.

“As we continue to witness significant shifts in the ERP landscape, driven by advancements in cloud computing and AI, the role of ERP specialists has never been more critical. At the forefront of this transformation is Oracle NetSuite, which not only streamlines business processes but also empowers our teams with AI-driven tools that enhance decision-making and operational efficiency.”

Executive Vice President, Christine Belmonte

The evolving landscape of ERP technology, highlighted by the growth of cloud-based solutions, the integration of AI, and the expansion into specialized business functions, is shaping the demand for a new breed of ERP professionals. These experts must not only be technically proficient but also capable of steering organizations through the complexities of digital transformation. As ERP systems become more integral to business operations, the value of skilled ERP specialists continues to rise, making it a promising career path for those in the technology sector.

About Planet Technology

Planet Technology, part of The Planet Group, is an award-winning Technology search and staffing firm. Our Enterprise Systems practice has the technology experts for your projects including EHR, ERP, Workday, SAP, Oracle, Big Data, Advanced Analytics, Cloud, and LIMS. We help systems integrators and end users find the right people for the right projects – every time. We recruit full Enterprise teams to help companies upgrade systems or expedite projects. Whether you are hiring for a specific role or need a team to accomplish a project, Planet Technology is your single source solution to fulfill your Enterprise System talent needs.

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