NetSuite is a suite of ERP and accounting modules which is sold in various editions aimed at different size customers. The multi-country, multi-currency version is an additional module called OneWorld. Netsuite is a SaaS system and is not offered in an on-premise edition.
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Paradigm
Score 9.1 out of 10
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Paradigm is an oil and gas oriented exploration and seismic analytics platform, now owned and supported by Emerson since the 2018 acquisition.
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Pricing
NetSuite ERP
Paradigm
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
NetSuite ERP
Paradigm
Free Trial
No
No
Free/Freemium Version
No
No
Premium Consulting/Integration Services
No
No
Entry-level Setup Fee
No setup fee
No setup fee
Additional Details
Users subscribe to NetSuite for an annual license fee. The license is made up of three main components: core platform, optional modules and the number of users. There is also a one-time implementation fee for initial setup. New modules and users and can be added as a business grows.
Best suited for mid-market to lower scale enterprises (under 2,000 employees) especially if migrating from Quickbooks or another fragmented small business system. Also, multi-entity and global operational businesses are very well suited as there is robust functionality around multi-subsidiary, multi-currency and multi-tax controls. Finally, businesses with inventory & supply chain heavy businesses would find the functionality very useful as the system allows warehouse management, lot/batch tracking, fulfillment, etc. Not well suited for startups (a lot of functionality not needed) or very small businesses (under $3mm in revenues). Overkill in complexity and cost and implementation leg-work is necessary relative to the underlying operations of the business. Also, companies with a heavy manufacturing business (shop floor execution) lacks depth with true manufacturing ERPs like Epicor, Infor, etc. and companies expecting consumer grade UX feels like the interface isn't modern or very intuitive right out of the box.
The Paradigm geologic and petrophysical interpretation software suite offers a complete package for integrated projects where a team starts from offset well data and leads all the way to mapping of horizons, properties and reservoir models. Geolog, the petrophysical module, is very powerful and versatile. Although they offer separate add-ons, for smaller projects where the petrophysical interpretation is done by a third-party, even the minimum package might be overkill.
Geolog is extremely robust and powerful in handling large volumes of logs per well and a large number of wells, which is an asset for basin-scale projects.
Geolog is very flexible in terms of customizing log layout presentations and calculating anything via mathematical or logical expressions.
Epos display of fluid production data is very useful in cross-analyzing maturity and organic content versus hydrocarbons produced.
The area for the largest improvement needed is the implementation process. Especially when it comes down to an accounting based ERP setup rather than a CRM model. The experts should have accounting backgrounds in addition to the system knowledge for implementation.
There should be more training focused on the Dashboards and the maneuverability of the data focused for each graph or report within the dashboards.
The AP system is a little problematic with more complex company hierarchy. Due to the AP Invoice headers being driven by "main line" but the expense distribution being driven by journal entries - the AP aging is hard to verify the accuracy and can be distorted by different types of transactions.
Geolog could use a LAS batch loading graphical interface that doesn't require the use of prompt commands.
Geolog's geologic intervals display has improved in the last versions, but it's still cumbersome to set up and maintain (i.e. adding new intervals, changing stratigraphy).
SKUA-Paradigm should support geographic coordinates in order to avoid the workaround of creating pseudo-coordinates across UTM zone boundaries.
NetSuite is able to cover all of our needs, spanning multiple departments and managerial levels. We use it daily for a multitude of functions, including creating promotions, estimating inventory, pulling historical reports, forecasting sales, and more. Overall, we're very satisfied with NetSuite as an ERP solution and recommend it to medium to large businesses.
NetSuite is a cloud tool, and is easy to implement for mid-sized organizations. It comes with standard forms/ printing layouts, and financial reporting (both summary and detailed), which are very handy for business users. In addition to these, with 99.99% service availability, NetSuite makes it one of the most reliable ERP tools available on the market.
It has been very reliable. I can only think of 1-2 times in 4.5 years that we have had issues getting in, and in each case were able to get back in within 1 hour. There has not been a major downtime
Most of the time the performance is very good. Pages load in a few seconds; financial reports take less than 5 seconds; basic searches take a few seconds. But performance can be sporadic throughout the day and cause the run time to triple.
I would like to give 8 rating for NetSuite support and reason for that is below: Whenever we faced any technical or functional issues we tried to reach out to NEtSuite support but response was not immediate. We told them about the urgency of the issue but still we were not getting response on time. Then, we have to reach out to AE to get things resolved.
I had in person training for a day when first got the software. The training was good. The challenge was that there was a large gap between training and when we went live so we forgot quite a lot
I felt NetSuite Professional Services did an excellent job of guiding us in the implementation. I also felt our internal teams were a little resistant to the change and engagement of new software. Had we performed better engaging and buying into the new software, I would be able to rate the implementation better. Therefore, the lower number should not be viewed as a deficiency with the software or the professional services teams, but as an reminder of how important complete buy-in from the local users is.
QuickBooks Online is, by far, a better and easier-to-use product for smaller companies. Only switch to Netsuite if you have to. We switched to NetSuite because we have numerous subsidiaries, and QuickBooks would not be able to handle the complexity.
Regarding the petrophysical modules, I have used other petrophysical software packages, and Paradigm is superior in data handling, visualization, flexibility, and batch calculations. Regarding the mapping and modeling, Paradigm is on par with other software I used on the same scale. SKUA-Gocad has some advantages over its main competitor, in terms of data manipulation, but the inability to handle geographic coordinates has a negative impact on my work efficiency.
We have been able to scale our business 25X without any major overhaul with Netsuite. Its dashboard setup makes onboarding new employees very easy and allows data to be shared across multiple offices. Its cloud setup does not put any pressure on IT to scale servers or other infrastructure. We have been able to become much more efficient in all aspects of the business.
Paradigm Geolog has allowed us to handle the vast quantities of well log data in order to achieve our research goals and deliver the results to the sponsoring companies.
Paradigm Epos and SKUA-GOCAD have made possible to map the results of our petrophysical analysis on a basin-wide scale encompassing two provinces, without which our research deliverables would not have been possible.
