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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Pricing
NetSuite ERP
Editions & Modules
No answers on this topic
Offerings
Pricing Offerings
NetSuite ERP
Free Trial
No
Free/Freemium Version
No
Premium Consulting/Integration Services
No
Entry-level 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.
Quickbooks is a great tool for startup companies. It provides all the basics; AR, AP, and Financials. However it does not provide anything with regards to advanced modules.
Sage Intacct is actually a very well made ERP system. Our company was considering both NetSuite ERP …
We came from an AS400 system. NetSuite is supremely advanced and more capable than our old system. We initially selected NetSuite for its reporting and analytics capabilities. From there, we looked at its automation and manufacturing capabilities. It has really outclassed our …
We scoped out so many ERP systems, and actually went very deep into launch and integrations with many, until we realized they were not a fit. This was due to currency capacities, global reach, manufacturing and process limitations, etc. We eventually finally bit the bullet and …
NetSuite ERP only offers a cloud model, vs. BC's on-prem and cloud models. However, this is not necessarily a bad thing. If you're deploying on-prem you may find yourself introducing all kinds of needless complexity you later regret. NetSuite ERP came fully-featured and remains …
Nestuite is more suitable for bigger organizations at growth and scale stages with at least two subsidiaries that want to integrate lots of software tools.
Netsuite is way more powerful, but also way more expensive. We chose Netsuite at a time when we thought we wanted our ERP to be the source for almost all data, and were willing to compromise on user friendliness to get there. Netsuite has great modules that are good when you …
Quickbooks is more user friendly and is designed better and really great for smaller businesses however, many companies will end up outgrowing it and need some of the NetSuite ERP functionality. We integrate Maxio with NetSuite ERP and we also integrated it with Quickbooks and …
NetSuite ERP was built to be cloud based which was very important for my team working remotely. The ability to customize how it tracked inventory across as many locations as you want was also a big improvement. I also really appreciated the bank integration, when it worked, …
Happy with the switch from QB to NetSuite, way better experience, NetSuite was selected by our compAny prior to starting so I didn't have a say in that. NetSuite is a much better solution than fish bowl which we have had a bad experience with. Zoho CRM hasn't been replaced yet …
While I wasn't directly involved in decision-making when our company selected NetSuite ERP (I was not yet with the company), I can provide insight into why it was chosen over other options. NetSuite ERP stood out from others at the time due to its comprehensive nature and …
Workday Adaptive Planning is a software we use specifically for Financial Planning and Analysis. It is much more customizable, and we use it throughout the budgeting and forecasting process. For our instance, we build off of NetSuite ERP as the so-called source of truth for our …
NetSuite ERP has better revenue recognition module and has a consolidations module that the other softwares may lack or may have very basic tools. NetSuite ERP has great list of connections with bridges with other softwares and that makes NetSuite ERP great ERP. NetSuite ERP …
We made a terrible mistake in switching to Netsuite.
Verified User
Manager
Chose NetSuite ERP
NetSuite ERP it probably the best of the ERP systems I have used. Quickbooks is really intended for smaller companies and SAP for very large (though it is not very flexible and navigation of the system is a nightmare). Openbravo was probably the most flexible of the systems but …
Honestly, not a whole lot. We are kind of adjacent to NetSuite. I have a lot of experience with Salesforce and I know that sometimes the functionality can kind of compete with each other, although the systems serve different purposes, but I have not used another major ERP …
As I said, SAP and Oracle Fusion are the ones that I've used in the past. I feel NetSuite is definitely superior in a lot of ways. First UI and then search capabilities. And then I think the back engine probably works really better. That's why it's quicker, and faster, and you …
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 …
NetSuite, it's right up there with Dynamics and Salesforce. I think it's primarily focused on tracking the finance side of things in our business, but the ability to API into so many other different things and have so many already-built solutions that we can just plug in makes …
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.
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.
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.
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.
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.
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.
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.
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.
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.