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NetSuite Data Migration Strategy

Profile picture for user Victoria Sapsford
By: Victoria Sapsford 28.02.2023
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At a time where Big Data reigns supreme and accurate data is crucial to companies looking to ensure long-term stability and growth, there’s no denying the importance of proper data migration.

And as more companies move beyond traditional software to cloud-based ERPs, a strategy to migrate legacy data is no longer just a suggestion.

However, as stories of failed migrations continue to haunt ERP implementations, the key lies within creating a strategy that establishes best practices. That way, stories involving over-budget, poor communication, and incomplete requirements are all of the past.

Digital transformation is no easy feat, but that doesn’t mean it should be made trickier with bad data migration practices that leave companies in the lurch.

For those implementing NetSuite, moving to a cloud-based ERP, or in dire need of migrating data to new applications, read on.

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The Importance of Data Migration

Whenever a company migrates from a legacy system to a modernized cloud ERP, there are many things to consider.

First and foremost: cloud data migration.

More often than not, pre-ERP systems experience inaccurate and redundant data as a constant source of discomfort. When upgrading to a new system, this pain point can be amplified if there is no proper strategy in place.

But before we get started on a migration strategy, the key is to truly understand the importance of data.

For a variety of reasons, consolidated and accurate data is essential to the growth of a business. It provides companies with a 360° view of operations, customers, and core transactions.

With better data analysis and reports, companies experience a higher capacity of digital transformation among different platforms and applications. 

Not to mention, reduced costs across the board. Decisions that are based on inaccurate data can cost an organization a lot of money. 

Migrating to the cloud gives organizations a single source of truth, where all activities, integrations, and foundations can coexist. Executives can easily find their answer among the quality data to ensure scalability and profitability.

Key Strategies for Data Migration

 

There’s no strict guideline to follow when it comes to migrating data to a cloud-ERP. That being said, there should always be some sort of best practices in place to support the upcoming business changes and avoid any potential downfalls.

1. Plan Ahead

Before even starting the process to move data, it is crucial, if not vital, to plan. 

All source data needs to be audited to help identify any issues that could potentially pop up during migration. It’s a lot harder to mitigate - and resolve - complications during a migration than beforehand. 

One thing to note is that not all data needs to be migrated over. Therefore, take the time to know and understand what data you require moving forward as well as how it fits with the new system.

For example, when going through the different data fields, some won’t necessarily need to be mapped over to the new system, while others might be missing required source fields in order to fill the gap in the new cloud ERP. 

While planning and strategizing ask yourself - and your migration team - what needs to be imported over, what doesn’t need to be included moving forward, and what is missing.

2. Maintain Systems

Moving over to a new cloud ERP system is not like your previous on-premise legacy software. While it is a lot more manageable and cost-reductive, there are still fundamental tasks like maintenance and governance to maintain.

After a while, data degrades and becomes obsolete. System administrators must put controls in place to ensure data quality.

This ties directly into governance, where tracking and reporting on data quality enables better data consistency and accuracy. Thanks to your new system, these processes and tools to ensure overall data integrity are automated and easily usable.

3. Implement Good Communication

Whether you’re working with an implementation partner or an internal team, good communication during the data migration process is integral to success. 

At the beginning of the project, communicate to each other about relevant information that is pertinent to the migration process. Should problems arise, be sure to acknowledge and address them as they arise. Don’t wait until the last minute to fix them.

For clients, remember to be clear and concise with questions, demands, and any concerns. If not, confusion and delays will quickly occur. 

Finally, the key to great communication lies in collaboration. Each party involved should take the time to learn about each other’s approach to work and tailor the communication plan as well as the business process migration on the specifics of each personality.

Adopt A Change Management Process

With every new system comes great responsibility. If handled appropriately, all those involved will come out unscathed. If left up in the air, adapting to a new system will be the least of your problems.

Change management can be very challenging for organizations as it entails transformation in both technology and operations.

When implementing a new technology, the key lies within involving the right people. For data migration, that might include data engineers, security architects - among others.

Additionally, including a change manager on the project will help explain what this change will look like, where it will occur, and how the business will ultimately benefit from this change.

Giving your internal team a much better idea about the future. 

One of the most important criteria for data migration is governance and management. The before and after will be completely different, especially for businesses who move to the cloud. When it comes to data, a strong, organizational change strategy is necessary, especially when that involves policies and procedures.

NetSuite Data Migration Tools

The beauty of implementing NetSuite ERP is its accessibility to integrate a multitude of integrations and connectors. Among these choices are certain data migration tools.

At GURUS Solutions, Business Intelligence for NetSuite, Powered by GURUS is a BI software that solves your data challenges:

  • Historical data migration to access legacy ERP data
  • Data snapshot reporting
  • Track historical changes in opportunities and inventory
     

These are just a few features that are offered through our BI tool. To learn more, contact our product team today.

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About Victoria Sapsford

Victoria Sapsford is a self-described wordsmith, on a mission to discover the meaning of life through words. She’s also the current Marketing Specialist at GURUS Solutions, where she spends her days strategizing marketing campaigns and writing content about tech, ERP, and everything in between.

With degrees in Applied Languages and Fashion, it was in 2020 when her love of B2B marketing led her to make the switch to the ever-growing tech industry. It didn’t take long before she felt right at home, and now she can’t stop writing about ERP, NetSuite, and Business Intelligence.

Hailing from South Africa, she moved to Montreal from BC a few years ago after spending some time abroad. It didn’t take long before she fell in love and has been here ever since. If you can’t find her, she’ll most likely be at the airport, attempting her feat of becoming a citizen of the world. 

Still curious about NetSuite ERP and everything related? Take a peek at her other blogs below.

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