The Ultimate Cloud ERP
NetSuite is an enterprise resource planning system (ERP). It is the #1 Cloud ERP – more than 35,000 customers worldwide use it and trust it.
NetSuite is the leading cloud business management solution that helps companies optimize core processes by automating data organization and visibility.
OpenTeQ became an Oracle NetSuite Solutions Provider because our clients selected it as the best system to support their growth. Yet, they were hesitant to work with consultants and implementation partners that weren’t local. We are excited to provide NetSuite to growing businesses all over Western Canada.
It means that your team can focus on the customer, and sales and operations, and you can focus on your team and strategy because you have access to your enterprise’s information online from anywhere. It is one system for your entire company.
Teams waste time with sources of information that don’t talk to each other. They need a modern ERP Cloud System to improve processes and collect accurate, on-demand data.
The problem is that ERP implementation is a daunting task, and without local expert knowledge and support, it’s hard to know where to begin. At OpenTeQ, we build, implement and optimize NetSuite ERP systems to make the transition easy.
We provide a Western Canadian team to help businesses fully leverage the power of NetSuite and offer unique growth strategies based on real-time data.
An Enterprise Resource Planning system is a technology tool that assists the entire enterprise.
Entry-level accounting systems like Quickbooks and Xero
Excel
CRMs
An ERP is not the same multiple applications (apps) that a business uses across functions and processes.
NetSuite is the ERP of choice for us at OpenTeQ.
We decided to become an Oracle NetSuite Solutions Partner because it is the #1 Cloud ERP.
We use NetSuite at OpenTeQ Advisors and it helps us grow our business.
Don’t you hate it when you can’t decide because you don’t have the information you need? NetSuite users have role-based dashboards that give them timely information accessible from anywhere.
NetSuite is the ERP of choice when you’ve outgrown Quickbooks, Xero or Sage. You won’t get too big for NetSuite and you likely are not too small if you have a strategy for growth.
We know how hard it is to build a team and set up processes and systems to support growth.
How can you juggle upgrading your processes and systems with competing priorities?
NetSuite offers industry-specific experience and expertise
When you purchase NetSuite through OpenTeQ you’ll get a product and an approach that includes leading practices for your industry
The technique accelerates your implementation and reduces the risks. Implementations can take as little as 90 days.
The longer you go without the system you need, the worse it gets.
As you grow, your challenges get more complex and your time becomes more valuable.
There are over 35,000 customers that are on NetSuite.
Their stories include:
Many businesses are exhausting their resources trying to manage outdated and unintegrated systems. When data is challenging to compile and rely on, it’s impossible to make strategic decisions. Upgrading to a Cloud ERP, like NetSuite, helps you do this.
We have a client that is in pre-revenue that is implementing NetSuite to compete as a local cost-effective data warehouse option.
OpenTeQ's implementation and continued support of NetSuite and its financial and accounting function means this pre-revenue start up will meet its growth goals.
Another client is a family-owned hotel in a prime tourist location that found a new local love during the pandemic. Even though the lack of foreign visitors was a challenge for them, they managed to thrive throughout 2020 and 2021.
With OpenTeQ's implementation and continued support of NetSuite and their financial and accounting function, they are on the next journey as a growing family-owned and community business.
Another OpenTeQ client has been named one of Canada’s fastest-growing businesses. They are e-commerce and sell on Amazon, their website, and elsewhere with international vendors, distribution, and employees.
With OpenTeQ's implementation and continued support of NetSuite and their financial and accounting function, they are on the next journey as a growing family-owned and community business.
All size businesses can find a return on their investment in NetSuite. Businesses that are focused on growth can use NetSuite to scale.
If you are paying vendors in foreign currencies or operating in other regions, then you’ll want to make sure that you don’t expose yourself to unnecessary foreign exchange risk or complexity. NetSuite supports over 190 currencies and can be relied on to make it easy to work with customers and suppliers worldwide.
If your business has grown to include multiple legal entities and consolidation is becoming more complex, it is time to move off the spreadsheet and get the support you need. NetSuite simplifies the consolidation process as it allows for multiple business units, subsidiaries and regions on a single platform. Real-time visibility allows you to see multi-dimensional reporting. Your team can look at the data in managing the business, including by-product, service, region, division and more.
Initial Public Offering (IPO) and other growth initiatives, including merger and acquisition due diligence, require a level of control over financial reporting. The compliance expectations can be operational challenges if you do not leverage workflows and automated controls. 63% of technology entities that did an IPO since 2011 are on NetSuite and that is because NetSuite provides the functionality to support meeting the public market requirements.
We know how hard it is to select the right system and it is a big responsibility that impacts the whole organization.
OpenTeQ has worked on many “rescue” engagements which proved that even the best system could be implemented poorly and not built to support the business.
Companies choose NetSuite and OpenTeQ because we understand how hard it is to dedicate time and resources to make decisions and implement.
Launch a business project, not an Information Technology (IT) one
We are local and passionate about Western Canadian business. We support growing companies in our community with all of our services. We are leaders in our fields. We have built an epic team of NetSuite professionals, Finance Leaders, Business Advisors and Consultants to support all of our clients as they scale with financial strategy.
Our consulting clients doing system selection projects were picking NetSuite and they thought NetSuite was the best option for their growth because of these benefits:
Reduced
IT Costs
Real-time Access
To Data
Improved
Visibility
Accessibility Through
the Cloud
Scalability
Process
Efficiency
Workflow
Automation
Enhanced
Collaboration
Some businesses have a low-cost approach to the market. Other companies, like us, have a Client or Customer Experience north star. We have clients with community-focused teams and attract employees and customers by giving back to the locals. Other organizations drive business with their purpose and social impact. We have seen other entities prioritize quality, either for their product or service, or both.
And the great thing about implementing an ERP at a stage of growth and early scale is that you don’t have as many processes or policies that can’t change. When looking at a system, what should you customize? And where should you be prepared to change internally? And adjust to match the best practice or ‘out of the box’? In other words, what processes and policies need updating to follow the native system requirements and set up? And what processes or areas of the business are worth integrating a third-party alternative that is ‘best in class’ or customizing to match your current process or policy? At OpenTeQ, we believe that the best customized and invested areas are the strategic ones.
So, the question is, what is bringing on growth for your business? What is your ‘north star’ or priority? That is the area that you should look to customize in your system.
If your business uses a low-cost strategy you’ll want to ensure that the processes and policies support it. For example, you will want to keep yourself on top of your supply chain and vendors. OpenTeQ can customize NetSuite to meet your needs and let you continue successfully managing your costs.
Where Client or Customer Experience is your priority, you’ll want to ensure that you build in feedback forms and critical performance indicators that help you include experience measurements on your dashboards. You’ll want to look at bringing in CRM and SuitePeople options that further support your team in their delivery of the experience.
Where community is the focus, you will want to ensure that you have activity tracking and cost tracking that measure how you impact locally.
Where you have a unique purpose or social impact ‘north star,’ there will be other areas you want to configure or custom to meet your needs.
Similarly, if the quality is your focus, you may need to customize your time tracking or inventory options to ensure that those inputs that define your quality are tracked at the level of detail your team needs.
NetSuite provides a straightforward implementation that can be set up quickly in other areas where your business is more aligned to the industry and doesn’t differentiate. Industry expertise is foundational to NetSuite and the modules that it offers, and OpenTeQ has the diverse industry experience to help you configure the system and customize it.
SuiteSuccess industry solutions are built based on feedback and market demands. NetSuite has exclusive and industry-specific add-ons to help companies level up when they implement. OpenTeQ customizes so that you can meet your specific workflows. We handle unique requirements and processes in several industries.
Your implementation is a business project, so we approach it from a Business Leaders’ perspective. We will help you through your issues and pain points and discuss your options. Together, we will decide what areas are worth the time and cost of customization and where plug and play or native NetSuite solutions are a better fit.
Unlike competing systems, NetSuite is easy to use. Many of the accountants, business leaders, and operational teams can configure reports and dashboards independently without the continued support of OpenTeQ or their technology team. NetSuite has robust personalization right out of the box.
We will work with you to help streamline your automation and workflows. We will help you make the most out of NetSuite, including using its features, creating reports, and learning the system and its functions. Where integration makes sense, we will work with you and the third parties, as applicable, to customize the integration.
Together we will look at your ‘nice-to-haves’ and your wish list and create an IT roadmap that outlines when other modules, upgrades, and integrations make sense for your plans to scale.
For example, you might not want to start with financial analysis and planning and NetSuite’s budgeting tools until you have set up your ERP and become familiar with it. But together, we can make sure that the system is available for your team before your next budget cycle.
OpenTeQ was born from objective system selections. At OpenTeQ Advisors and our alumni firms, we consulted and advised businesses in their decisions on which system was right for them.
We bring that advisory tour sales process and when NetSuite isn’t the right system for your strategy or industry, we are the first to let you know. The great thing about NetSuite and why we became an Oracle NetSuite Solutions Provider is that it fits most industries. And NetSuite is the best choice for businesses focused on growth and where ready to scale.
We will work with you through a structured process to ensure that NetSuite and OpenTeQ are the best choices for you. Our process includes seven steps:
The Right Fit
Needs Assessment
Customized Demo
Proposal & Scope
Kick-Off
Implementation
Assess & Accelerate
To beat the odds against growing companies lasting and scaling for longevity, you need a system that is right for you. And you need the right partner to implement it.
To compete, you need to invest in transformation and the enterprise system to support your strategy.
We design a process to mitigate the risks that every implementation faces.
As an Oracle NetSuite Solutions Provider, OpenTeQ can deliver complete NetSuite cloud computing solutions.
We sell licenses, implement, customize, train, support and advise. When you have us involved in your sales process, it brings a supportive advisor and expert into the process. We support you in deciding what modules to consider, what contract to sign and how to structure your implementation and long-term roadmap. OpenTeQ is a Western Canadian local partner, which means that we have demonstrated expertise in accounting, technology, CRM and industries that matter to you. We envision enhancing our communities, opportunities, and cultivating connections.
We will be there to support you in your NetSuite journey and as a business, including connecting you to the affiliates and help you need. Whether it’s Third-Party solutions that we trust and have worked with or partners you need in other areas of your business, we are always willing to assist and make recommendations and referrals.
Your growth and strategy matter to us because you are a local employer and a regional representative of the cities and areas we love. We want to help you grow and scale.
Having a team of people who care and work locally can improve an ERP implementation and make it successful. And you don’t pay more to have this opportunity. OpenTeQ is priced for Western Canadian small and medium businesses with competitive value-driven packages that match the needs of our clients. Working with us instead of directly with NetSuite gives you access tall that Oracle NetSuite provides while having a personal cost-competitive touch that reduces implementation risk. You’ll build trusted relationships with our team and you’ll have the confidence to know we invest in your success.
From our decades of experience as Business Leaders, CFOs, and Technology Experts, we have crafted a strategic methodology for NetSuite ERP implementations to get the project done on time and within budget.