NetSuite ERP vs. Workday Human Capital Management

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
NetSuite ERP
Score 8.0 out of 10
N/A
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.N/A
Workday HCM
Score 8.2 out of 10
N/A
Workday Human Capital Management is built as a cloud-based system with global consistency in user experience. Workday HCM is part of a broader system with other Workday products.
$100
per year per user
Pricing
NetSuite ERPWorkday Human Capital Management
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
NetSuite ERPWorkday HCM
Free Trial
NoNo
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
NoNo
Entry-level Setup FeeNo setup feeNo setup fee
Additional DetailsUsers 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.
More Pricing Information
Community Pulse
NetSuite ERPWorkday Human Capital Management
Considered Both Products
NetSuite ERP
Chose NetSuite ERP
NetSuite ERP left Sage Intacct in the dust years ago. It was actually a painful experience to join a company not on NetSuite ERP after having been NetSuite ERP user historically. It was a joy to transition that same company to NetSuite ERP and reap the benefits once again.
Chose NetSuite ERP
NetSuite is far superior in terms of use and ease of implementation. NetSuite can be customized easily compared to others, NetSuite is relatively more economical.
Chose NetSuite ERP
Zuora - does one thing and not that well. The best thing about it is consolidated invoicing. It's a point solution that thinks it's a platform. It's difficult to navigate, the navigation doesn't make much sense, and any customization is really just a deceptive crutch. NetSuite …
Workday HCM
Chose Workday Human Capital Management
Workday is more robust and works well with interfacing on Social media for job posts. Also, the main thing that the Workday Human capital management platform tool has going for it is that Workday can and often is used in other capacities and other applications, so employees …
Chose Workday Human Capital Management
Staying with ADP, Ultipro. The selection was done prior to my joining.
Top Pros
Top Cons
Features
NetSuite ERPWorkday Human Capital Management
Payroll Management
Comparison of Payroll Management features of Product A and Product B
NetSuite ERP
1.1
15 Ratings
147% below category average
Workday Human Capital Management
8.2
80 Ratings
2% above category average
Pay calculation1.013 Ratings7.968 Ratings
Benefit plan administration1.010 Ratings7.663 Ratings
Direct deposit files1.39 Ratings8.069 Ratings
Support for external payroll vendors00 Ratings8.156 Ratings
Off-cycle/On-Demand payment00 Ratings8.918 Ratings
Salary revision and increment management00 Ratings8.566 Ratings
Reimbursement management00 Ratings8.743 Ratings
Customization
Comparison of Customization features of Product A and Product B
NetSuite ERP
9.2
74 Ratings
23% above category average
Workday Human Capital Management
-
Ratings
API for custom integration9.264 Ratings00 Ratings
Plug-ins9.747 Ratings00 Ratings
Security
Comparison of Security features of Product A and Product B
NetSuite ERP
9.4
81 Ratings
16% above category average
Workday Human Capital Management
-
Ratings
Single sign-on capability9.462 Ratings00 Ratings
Role-based user permissions9.480 Ratings00 Ratings
Reporting & Analytics
Comparison of Reporting & Analytics features of Product A and Product B
NetSuite ERP
9.5
72 Ratings
30% above category average
Workday Human Capital Management
-
Ratings
Dashboards9.571 Ratings00 Ratings
Standard reports9.570 Ratings00 Ratings
Custom reports9.570 Ratings00 Ratings
General Ledger and Configurable Accounting
Comparison of General Ledger and Configurable Accounting features of Product A and Product B
NetSuite ERP
7.8
272 Ratings
3% above category average
Workday Human Capital Management
-
Ratings
Accounts payable8.3266 Ratings00 Ratings
Accounts receivable8.2246 Ratings00 Ratings
Global Financial Support9.726 Ratings00 Ratings
Primary and Secondary Ledgers9.728 Ratings00 Ratings
Journals and Reconciliations9.241 Ratings00 Ratings
Configurable Accounting9.735 Ratings00 Ratings
Standardized Processes9.637 Ratings00 Ratings
Inventory Management
Comparison of Inventory Management features of Product A and Product B
NetSuite ERP
8.9
48 Ratings
13% above category average
Workday Human Capital Management
-
Ratings
Inventory tracking9.947 Ratings00 Ratings
Automatic reordering8.728 Ratings00 Ratings
Location management9.435 Ratings00 Ratings
Order Management
Comparison of Order Management features of Product A and Product B
NetSuite ERP
9.0
219 Ratings
15% above category average
Workday Human Capital Management
-
Ratings
Pricing9.553 Ratings00 Ratings
Order entry8.0215 Ratings00 Ratings
Credit card processing8.737 Ratings00 Ratings
Cost of goods sold9.148 Ratings00 Ratings
Order Orchestration9.721 Ratings00 Ratings
Subledger and Financial Process
Comparison of Subledger and Financial Process features of Product A and Product B
NetSuite ERP
7.6
213 Ratings
3% above category average
Workday Human Capital Management
-
Ratings
Billing Management8.3202 Ratings00 Ratings
Cash and Asset Management9.627 Ratings00 Ratings
Travel & Expense Management9.131 Ratings00 Ratings
Budgetary Control & Encumbrance Accounting8.727 Ratings00 Ratings
Period Close9.735 Ratings00 Ratings
Project Financial Management
Comparison of Project Financial Management features of Product A and Product B
NetSuite ERP
6.5
32 Ratings
16% below category average
Workday Human Capital Management
-
Ratings
Budgeting and Forecasting5.926 Ratings00 Ratings
Project Costing5.923 Ratings00 Ratings
Cost Capture5.922 Ratings00 Ratings
Capital Project Management4.014 Ratings00 Ratings
Customer Contract Compliance9.713 Ratings00 Ratings
Project Revenue Recognition6.822 Ratings00 Ratings
Project Execution Management
Comparison of Project Execution Management features of Product A and Product B
NetSuite ERP
4.1
17 Ratings
50% below category average
Workday Human Capital Management
-
Ratings
Project Planning and Scheduling8.714 Ratings00 Ratings
Task Insight for Project Managers3.311 Ratings00 Ratings
Project Mobile Functionality3.010 Ratings00 Ratings
Definable Resource Pools3.68 Ratings00 Ratings
Grants Management
Comparison of Grants Management features of Product A and Product B
NetSuite ERP
3.1
12 Ratings
82% below category average
Workday Human Capital Management
-
Ratings
Award Lifecycle Management3.57 Ratings00 Ratings
Procurement
Comparison of Procurement features of Product A and Product B
NetSuite ERP
3.3
19 Ratings
71% below category average
Workday Human Capital Management
-
Ratings
Bids Analyzed and Compared3.58 Ratings00 Ratings
Contract Authoring1.910 Ratings00 Ratings
Contract Repository3.58 Ratings00 Ratings
Requisitions-to-Purchase Orders Integrated3.613 Ratings00 Ratings
Supplier Management9.713 Ratings00 Ratings
Risk Management
Comparison of Risk Management features of Product A and Product B
NetSuite ERP
3.1
11 Ratings
71% below category average
Workday Human Capital Management
-
Ratings
Risk Repository3.58 Ratings00 Ratings
Control Management1.911 Ratings00 Ratings
Control Efficiency Assessments3.57 Ratings00 Ratings
Issue Detection3.58 Ratings00 Ratings
Remediation and Certification3.58 Ratings00 Ratings
Logistics
Comparison of Logistics features of Product A and Product B
NetSuite ERP
3.1
17 Ratings
74% below category average
Workday Human Capital Management
-
Ratings
Transportation Planning and Optimization2.89 Ratings00 Ratings
Transportation Execution Management2.88 Ratings00 Ratings
Trade and Customs Management2.88 Ratings00 Ratings
Fulfillment Management9.714 Ratings00 Ratings
Warehouse Workforce Management2.511 Ratings00 Ratings
Manufacturing
Comparison of Manufacturing features of Product A and Product B
NetSuite ERP
9.2
16 Ratings
21% above category average
Workday Human Capital Management
-
Ratings
Production Process Design8.712 Ratings00 Ratings
Production Management8.714 Ratings00 Ratings
Configuration Management9.710 Ratings00 Ratings
Work Execution9.712 Ratings00 Ratings
Manufacturing Costs8.714 Ratings00 Ratings
Supply Chain
Comparison of Supply Chain features of Product A and Product B
NetSuite ERP
8.1
139 Ratings
12% above category average
Workday Human Capital Management
-
Ratings
Forecasting8.217 Ratings00 Ratings
Inventory Planning7.4136 Ratings00 Ratings
Performance Monitoring8.714 Ratings00 Ratings
Product Lifecycle Management
Comparison of Product Lifecycle Management features of Product A and Product B
NetSuite ERP
3.9
13 Ratings
59% below category average
Workday Human Capital Management
-
Ratings
Proposal Management2.610 Ratings00 Ratings
Product Master Data Management3.29 Ratings00 Ratings
Human Resource Management
Comparison of Human Resource Management features of Product A and Product B
NetSuite ERP
-
Ratings
Workday Human Capital Management
8.1
96 Ratings
3% above category average
Employee demographic data00 Ratings8.381 Ratings
Employment history00 Ratings8.291 Ratings
Job profiles and administration00 Ratings8.093 Ratings
Workflow for transfers, promotions, pay raises, etc.00 Ratings8.588 Ratings
Organizational charting00 Ratings8.887 Ratings
Organization and location management00 Ratings8.484 Ratings
Compliance data (COBRA, OSHA, etc.)00 Ratings6.759 Ratings
Leave and Attendance Management
Comparison of Leave and Attendance Management features of Product A and Product B
NetSuite ERP
-
Ratings
Workday Human Capital Management
8.2
74 Ratings
1% above category average
Approval workflow00 Ratings8.373 Ratings
Balance details00 Ratings8.373 Ratings
Annual carry-forward and encashment00 Ratings8.059 Ratings
Employee Self Service
Comparison of Employee Self Service features of Product A and Product B
NetSuite ERP
-
Ratings
Workday Human Capital Management
8.1
94 Ratings
0% below category average
View and generate pay and benefit information00 Ratings8.583 Ratings
Update personal information00 Ratings8.492 Ratings
View company policy documentation00 Ratings7.373 Ratings
Employee recognition00 Ratings7.757 Ratings
View job history00 Ratings8.583 Ratings
Asset Management
Comparison of Asset Management features of Product A and Product B
NetSuite ERP
-
Ratings
Workday Human Capital Management
7.5
25 Ratings
4% below category average
Tracking of all physical assets00 Ratings7.525 Ratings
HR Reporting
Comparison of HR Reporting features of Product A and Product B
NetSuite ERP
-
Ratings
Workday Human Capital Management
8.0
78 Ratings
5% above category average
Report builder00 Ratings8.474 Ratings
Pre-built reports00 Ratings8.176 Ratings
Ability to combine HR data with external data00 Ratings7.464 Ratings
Onboarding
Comparison of Onboarding features of Product A and Product B
NetSuite ERP
-
Ratings
Workday Human Capital Management
8.3
56 Ratings
3% above category average
New hire portal00 Ratings8.252 Ratings
Manager tracking tools00 Ratings8.352 Ratings
Performance and Goals
Comparison of Performance and Goals features of Product A and Product B
NetSuite ERP
-
Ratings
Workday Human Capital Management
8.0
60 Ratings
2% below category average
Corporate goal setting00 Ratings8.350 Ratings
Individual goal setting00 Ratings8.359 Ratings
Line-of sight-visibility00 Ratings7.451 Ratings
Performance tracking00 Ratings8.158 Ratings
Performance Management
Comparison of Performance Management features of Product A and Product B
NetSuite ERP
-
Ratings
Workday Human Capital Management
8.5
63 Ratings
6% above category average
Performance plans00 Ratings8.562 Ratings
Performance improvement plans00 Ratings8.254 Ratings
Review status tracking00 Ratings8.458 Ratings
Review reminders00 Ratings8.758 Ratings
Multiple review frequency00 Ratings8.651 Ratings
Succession Planning
Comparison of Succession Planning features of Product A and Product B
NetSuite ERP
-
Ratings
Workday Human Capital Management
7.4
40 Ratings
7% below category average
Create succession plans/pools00 Ratings8.334 Ratings
Candidate ranking00 Ratings7.135 Ratings
Candidate search00 Ratings7.638 Ratings
Candidate development00 Ratings6.837 Ratings
Recruiting / ATS
Comparison of Recruiting / ATS features of Product A and Product B
NetSuite ERP
-
Ratings
Workday Human Capital Management
8.2
48 Ratings
5% above category average
Job Requisition Management00 Ratings8.145 Ratings
Company Website Posting00 Ratings8.439 Ratings
Publish to Social Media00 Ratings8.434 Ratings
Job Search Site Posting00 Ratings8.440 Ratings
Duplicate Candidate Prevention00 Ratings7.539 Ratings
Applicant Tracking00 Ratings7.940 Ratings
Notifications and Alerts00 Ratings8.444 Ratings
Best Alternatives
NetSuite ERPWorkday Human Capital Management
Small Businesses
Acumatica
Acumatica
Score 8.7 out of 10
Patriot Software
Patriot Software
Score 9.1 out of 10
Medium-sized Companies
Infor VISUAL
Infor VISUAL
Score 6.9 out of 10
Paypro Workforce Management
Paypro Workforce Management
Score 9.6 out of 10
Enterprises
SAP Business ByDesign
SAP Business ByDesign
Score 8.3 out of 10
Infor Human Resources
Infor Human Resources
Score 7.2 out of 10
All AlternativesView all alternativesView all alternatives
User Ratings
NetSuite ERPWorkday Human Capital Management
Likelihood to Recommend
8.4
(372 ratings)
8.8
(108 ratings)
Likelihood to Renew
9.2
(49 ratings)
9.0
(18 ratings)
Usability
8.6
(232 ratings)
7.0
(13 ratings)
Availability
9.0
(16 ratings)
6.6
(8 ratings)
Performance
8.0
(15 ratings)
7.3
(7 ratings)
Support Rating
7.1
(216 ratings)
8.0
(22 ratings)
In-Person Training
7.3
(2 ratings)
9.6
(6 ratings)
Online Training
6.4
(10 ratings)
7.0
(7 ratings)
Implementation Rating
6.4
(17 ratings)
8.0
(11 ratings)
Configurability
8.7
(5 ratings)
7.5
(2 ratings)
Ease of integration
7.3
(3 ratings)
8.2
(1 ratings)
Product Scalability
9.0
(8 ratings)
7.3
(1 ratings)
Vendor post-sale
4.8
(2 ratings)
7.0
(1 ratings)
Vendor pre-sale
5.0
(1 ratings)
5.0
(1 ratings)
User Testimonials
NetSuite ERPWorkday Human Capital Management
Likelihood to Recommend
NetSuite
If you are looking for customization and automation, NetSuite excels. It is really great for transactional accounting and business processes—reporting and visibility into your accounting and transactions are outstanding. However, I might not choose NetSuite if you run a business that uses process manufacturing or very complex products. It certainly would be able to handle it, but it is not ideally suited.
Read full review
Workday
Workday human capital management is well suited for organizations to manage their employee records. It is also well suited for managing the employee's salary details, also the details of past salary changes, promotions, etc. It has options to keep track of employees' goals for the year, where they can keep track of their progress, and also managers can view the progress or share feedback. This is very helpful for tracking career progress and providing feedback. Other options, like training assigned to employees, can also be seen in Workday; users will get alerts by email for any new assignments or due assignments, etc.
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Pros
NetSuite
  • Revenue recognition. We get information from Salesforce and we build the revenue recognition engine that I'm really pleased. We avoid a lot of manual work by doing this.
  • We send out invoices electronically from the system. We use it for the fixed asset now with the new lease opinion that we just adopted in January 2022. We leveraged technology, specifically the features in NetSuite to help us account for that.
Read full review
Workday
  • Groups employees in management hierarchies and creates Org Charts that are easy to navigate and allow for visualizing management chains regardless of employee locations
  • Intuitive and easy to use. The Workday search functionality works very much like Google; one can search for anything that they have access to in the database and drill down into the various details. All information is connected through hyperlinks and users can easily keep digging into the details for as far as their security access would take them.
  • Tasks such as to do, review or approve items are sent to the user's Workday Inbox, very much resembling email. Notifications about outstanding "to do" items are also sent to each the user's work email address on a daily basis.
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Cons
NetSuite
  • Certain exports out of the system. There are some pages that you can export to Excel and some pages you can't, I don't know why. So it seems like it should be all functionalities there.
  • Some of the bank feeds have broken quite a bit and I'm not sure why. So we have to constantly go in there and readjust that on the reconciliation tab. I know that's new and robust and it's going well. It's more of taking out GL data instead of what's remaining in that account. As far as if I'm looking at a rec for a particular asset, I know there's GL data that goes through there. What I want to know is what's the balance in that account made up of as far as what's remaining there. So that's the kind of stuff I would buy with advice.
Read full review
Workday
  • The web interface is awful
  • Terrible, terrible, UI. No modern features like auto-save. I can't count the times I have lost work.
  • Their UX team (if it even exists) must be aliens, because I can't see how humans would have come up with the UI conventions they have.
  • Who creates a website application where you can't open stuff in multiple browser windows and tabs easily?
Read full review
Likelihood to Renew
NetSuite
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.
Read full review
Workday
It is work to make one system the source of truth for our data, but now that it is done, there is less work involved in staying on this path. This means for us that maintaining and/or implementing new modules like performance, finance, talent, etc. is simple. It's a no-brainer
Read full review
Usability
NetSuite
As a user, it is a steep learning curve with little to no guidance. Oracle relies pretty much only on their massive documentation library and does very little to guide users in context. As an Administrator, it's frustrating that field naming is totally different depending on your context.
Read full review
Workday
Workday's on a great path in terms of user experience. Their goals is to deliver a use experience that doesn't require training or instruction, like Amazon on the consumer side for example. That's hard to do when you're talking about complex business processes and important and sensitive employee information, but they're doing it well
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Reliability and Availability
NetSuite
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
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Workday
In 2014, Workday has changed the update process. There will be two updates a year; the updates will be delivered to customers typically in a 24 hour window during these two weekends a year. They also keep the Community up-to-date about any planned outages, etc. There is weekly scheduled downtime on Friday night.
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Performance
NetSuite
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.
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Workday
From my perspective, the system runs like a well oiled machine and I have not had any issues with customers complaining about speed. If a report is taking long to run, the report can run in the background and you can go about your business. For larger enterprises, there is additional space and machines to process the application in what Workday refers to it as Extended Configuration Tenant
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Support Rating
NetSuite
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.
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Workday
Workday is still learning about the needs of higher education. I have seen rapid improvement in support and knowledge over the last year so am confident this will continue to improve. Overall however, I have found the Support Team to be extremely responsive and Workday offers the advantage of having support across several timezones so that we never wait more than a few hours for a response.
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In-Person Training
NetSuite
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
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Workday
Some training is offered online. Cost is per-person. This also gets quite expensive. Training doesn’t follow a logical path A to B. Starts in middle. When you try to do it afterwards at your desk, difficult.
• Training scenarios are not very real
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Online Training
NetSuite
Online training is quite strong. I have used for specific pieces of functionality.However it is not sufficient in all areas.
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Workday
I have done for report writing and mass imports (EIBs). They give materials and you run through examples, i.e. you don’t just watch them do tasks, so that is helpful. Training is expensive – a single reporting writing class is $600 per person for virtual training
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Implementation Rating
NetSuite
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.
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Workday
It was implemented before my joining the company. At my last company, we used Workday professional services.

Based upon my experience at my last company, I would rate the implementation experience an 8/10. There are different ways to set things up and we had different people telling us different things. It set us back a couple of times.

Regarding configuration advice, we could set things up where every manager has supervisory organizations, or have it financially based i.e. aligned to cost center/department. We chose the individual manager path and I think we should have chosen a department route. Going down the individual manager path, to maintain the information, we have to inactivate a supervisory org whenever a manager changes/leaves.
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Alternatives Considered
NetSuite
Well, the reason why I'm with NetSuite is because obviously it beats out those other options quite considerably. It gave us the whole ecosystem that gave us everything we needed. I didn't need a dedicated administrator whose full-time job is to deal with it like our current system would need to really be useful. I can find people or train people how to use it right away. So for us, that really beats it out compared to the Sage and QuickBooks where we were looking at it from a perspective of, yeah, we can find people who are experts in those fields. They don't scale up to the size that we need as we're going to really quickly go from R&D company into doing tens of millions of dollars a year in revenue and activities. So that's where it beats us out over say Sage or QuickBooks is it's got that complete scalability. We can go to multiple subsidiaries, foreign currency, not a problem. It's got that full functionality.
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Workday
Unfortunately, I do not recall the brands of the other human capital management software programs or tools I used at my current company or workplaces prior. I do think that is a testament to Workday with its strong branding and compelling features. I was not part of the selection process of Workday but have enjoyed my experience.
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Scalability
NetSuite
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.
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Workday
Workday has released Financials and is continuing to develop it's Human Capital Management footprint with the addition of Workday Recruiting. I think customers will find that is easy to add on additional functionality in the system. Workday does make it easy for customers to make changes without relying on IT resources. The Business Process framework is a visual tool that allows functional resources to make changes and see the flow of the transaction
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Return on Investment
NetSuite
  • Positive impact, again, it's our source of truth, so we are able to not have questions about how much money we have in the bank or do we have enough material to build this job. Being able to know those things immediately is super valuable.
  • I mean it's the grease that skids the wheels that gets us to accomplish the things that we do in our business.
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Workday
  • Positive ROI, we were one of the first organizations that went with Workday HCM, and we received numerous discounts. Cloud systems are the way to go and we feel the system is stable for our growing work force.
  • The user conferences have been helpful to network and learn more deepness in the modules and functionality.
  • Right off the bat, our implementation costs were lower than budgeted and we had less 'billing' surprises.
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ScreenShots

NetSuite ERP Screenshots

Screenshot of one view into the most critical business processes.Screenshot of Netsuite's mobile-friendly design