NetSuite ERP

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
NetSuite ERP
Score 8.1 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
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 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 ERP
Considered Both Products
NetSuite ERP
Chose NetSuite ERP
Oracle NetSuite ERP is lightyears ahead with the sophistication and accuracy of their ERP. There are so many more options for inventory management, accounting, and more. We felt that NetSuite ERP provided us with the most growth opportunity and would be able to keep up with …
Chose NetSuite ERP
NetSuite Bundled many features into the core system.
We reviewed Plex Manufacturing as well. That was not an option to list, but it was a manufacturing software at the core, but required lot/serial.
NetSuite allowed us the flexibility and we could customize inside NetSuite ERP …
Chose NetSuite ERP
I had used NetSuite in a previous company and was there during implementation. While working there I enjoyed using NetSuite and never came across a situation that it couldn't handle. When I moved to a new company and was tasked with implementing an ERP system, there was no …
Chose NetSuite ERP
I think NetSuite ERP stacks up in the middle against most of the above companies, Microsoft Dynamics 365 might offer the best bang for your buck but lacks in experience. Shopify is great as a front end platform buck lacks the overall structure that NetSuite offers. Salesforce …
Chose NetSuite ERP
Acumatica is newer to me in my 18+ years of experience, but from what I have seen and experienced I would recommend changing to Acumatica if NetSuite ERP ever became an issue with price or usability.
Chose NetSuite ERP
I have also used Fiserv, but NetSuite is far superior in ease of use and navigation. I personally feel like it is far superior in design and overall look of the interface as well. The customization in NetSuite makes it a top contender for these types of products.
Chose NetSuite ERP
In my prior positions, I used several Sage and QuickBooks products, and NetSuite is head and tail above them. If you are an accountant, you really get what you pay for. You can build a lot of control around users and locking periods, plus you have the flexibility to easily …
Chose NetSuite ERP
I used Microsoft Dynamics 365 for several years at my prior company, and I would probably give NetSuite ERP the slight edge over Microsoft Dynamics. Netsuite is a little cleaner, easier to use and more customizable. We really appreciate the ongoing customer support from …
Chose NetSuite ERP
We don't have the need for an enterprise level solution like SAP, Oracle, or PeopleSoft so NetSuite ERP was a better fit. We had outgrown the functionality provided by our previous ERP system and of the three different solutions that we demo'd, NetSuite ERP checked the most …
Chose NetSuite ERP
NetSuite offers a more integrated approach, combining CRM with ERP functionalities. NetSuite is better for our business because we needed a broader range of business management tools. NetSuite is an all-in-one enterprise resource planning (ERP) solution that includes CRM …
Chose NetSuite ERP
NetSuite is the best ERP hands down
Chose NetSuite ERP
NetSuite by far is the most expensive; However, compared to the 3 systems notated, the overall functionality, capability and reporting advantages make it my top choice for companies experiencing exponential growth across all departments. Its a best in class solution for just …
Chose NetSuite ERP
There comes a point where companies outgrow QuickBooks due to the lack of dimensions, limited reporting, data integrity on prior periods, controls over user access and manipulation levels. However, Oracle and SAP type solutions are likely in the millions of dollars to acquire …
Chose NetSuite ERP
First, it runs in the cloud, meaning we don't have to host anything; we also don't need to apply manual updates for every single computer. I remember the headache of updating Sage on the server and, if successful, then on each one of the +-20 computers. Now, NetSuite ERP send …
Chose NetSuite ERP
Netsuite offers as much, if not more, than the competitors. The price modules can vary, and I find NetSuite's less transparent. However, we chose Netsuite for the investments they were making and the SCA web integration to ERP, not many have that function. The NetSuite/Oracle …
Chose NetSuite ERP
Advanced features that Netsuite had. Easy integration with other financial and CRM systems. Implementation and governance can be easy handled. Easy to maintain and support. Handles very high volume of data. More new features are in pipeline. As it is used across many company …
Chose NetSuite ERP
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.
Chose NetSuite ERP
NetSuite ERP is superior to Sage 100 in that it provides better reporting flexibility and a self run elimination ledger in the accounting close process. We went with NetSuite ERP for their affordability and flexibility providing more "bang for the buck."
Chose NetSuite ERP
As our company grows, we determined that we needed something that goes deeper than Quickbooks, has more customization options for various functions, and allows us to have visibility across the entire company. While Quickbooks was definitely a bit more intuitive in terms of …
Chose NetSuite ERP
It was familiar to a few people in our organization who primarily use it.
Chose NetSuite ERP
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.
Chose NetSuite ERP
In the past I always had a puzzle to assemble, with regards to data and management & ad-hoc reporting. With NetSuite ERP, as mentioned previously, everything is in one easy to retrieve place, and all the systems are there and cohesive. Although Workday Adaptive Planning and HFM …
Features
NetSuite ERP
Payroll Management
Comparison of Payroll Management features of Product A and Product B
NetSuite ERP
1.1
15 Ratings
148% below category average
Pay calculation1.013 Ratings
Benefit plan administration1.010 Ratings
Direct deposit files1.39 Ratings
Customization
Comparison of Customization features of Product A and Product B
NetSuite ERP
9.2
74 Ratings
20% above category average
API for custom integration9.264 Ratings
Plug-ins9.947 Ratings
Security
Comparison of Security features of Product A and Product B
NetSuite ERP
9.7
81 Ratings
14% above category average
Single sign-on capability9.762 Ratings
Role-based user permissions9.880 Ratings
Reporting & Analytics
Comparison of Reporting & Analytics features of Product A and Product B
NetSuite ERP
9.9
72 Ratings
29% above category average
Dashboards9.971 Ratings
Standard reports9.970 Ratings
Custom reports9.970 Ratings
General Ledger and Configurable Accounting
Comparison of General Ledger and Configurable Accounting features of Product A and Product B
NetSuite ERP
7.9
320 Ratings
3% above category average
Accounts payable8.4314 Ratings
Accounts receivable8.5290 Ratings
Global Financial Support9.926 Ratings
Primary and Secondary Ledgers9.928 Ratings
Journals and Reconciliations9.341 Ratings
Configurable Accounting9.935 Ratings
Standardized Processes9.937 Ratings
Inventory Management
Comparison of Inventory Management features of Product A and Product B
NetSuite ERP
9.1
48 Ratings
13% above category average
Inventory tracking10.047 Ratings
Automatic reordering8.928 Ratings
Location management9.635 Ratings
Order Management
Comparison of Order Management features of Product A and Product B
NetSuite ERP
9.4
258 Ratings
17% above category average
Pricing9.953 Ratings
Order entry8.0254 Ratings
Credit card processing8.937 Ratings
Cost of goods sold9.548 Ratings
Order Orchestration9.921 Ratings
Subledger and Financial Process
Comparison of Subledger and Financial Process features of Product A and Product B
NetSuite ERP
7.9
256 Ratings
5% above category average
Billing Management8.5245 Ratings
Cash and Asset Management9.927 Ratings
Travel & Expense Management9.831 Ratings
Budgetary Control & Encumbrance Accounting8.927 Ratings
Period Close9.935 Ratings
Project Financial Management
Comparison of Project Financial Management features of Product A and Product B
NetSuite ERP
6.6
32 Ratings
14% below category average
Budgeting and Forecasting6.026 Ratings
Project Costing6.023 Ratings
Cost Capture6.022 Ratings
Capital Project Management4.014 Ratings
Customer Contract Compliance9.913 Ratings
Project Revenue Recognition6.922 Ratings
Project Execution Management
Comparison of Project Execution Management features of Product A and Product B
NetSuite ERP
4.1
17 Ratings
53% below category average
Project Planning and Scheduling8.914 Ratings
Task Insight for Project Managers3.311 Ratings
Project Mobile Functionality3.010 Ratings
Definable Resource Pools3.68 Ratings
Grants Management
Comparison of Grants Management features of Product A and Product B
NetSuite ERP
3.1
12 Ratings
83% below category average
Award Lifecycle Management3.57 Ratings
Procurement
Comparison of Procurement features of Product A and Product B
NetSuite ERP
3.3
19 Ratings
72% below category average
Bids Analyzed and Compared3.58 Ratings
Contract Authoring1.910 Ratings
Contract Repository3.58 Ratings
Requisitions-to-Purchase Orders Integrated3.613 Ratings
Supplier Management9.913 Ratings
Risk Management
Comparison of Risk Management features of Product A and Product B
NetSuite ERP
3.1
11 Ratings
73% below category average
Risk Repository3.58 Ratings
Control Management1.911 Ratings
Control Efficiency Assessments3.57 Ratings
Issue Detection3.58 Ratings
Remediation and Certification3.58 Ratings
Logistics
Comparison of Logistics features of Product A and Product B
NetSuite ERP
3.1
17 Ratings
77% below category average
Transportation Planning and Optimization2.89 Ratings
Transportation Execution Management2.88 Ratings
Trade and Customs Management2.88 Ratings
Fulfillment Management9.914 Ratings
Warehouse Workforce Management2.511 Ratings
Manufacturing
Comparison of Manufacturing features of Product A and Product B
NetSuite ERP
9.4
16 Ratings
23% above category average
Production Process Design8.912 Ratings
Production Management8.914 Ratings
Configuration Management9.910 Ratings
Work Execution9.912 Ratings
Manufacturing Costs8.914 Ratings
Supply Chain
Comparison of Supply Chain features of Product A and Product B
NetSuite ERP
8.3
174 Ratings
13% above category average
Forecasting8.817 Ratings
Inventory Planning7.6171 Ratings
Performance Monitoring8.914 Ratings
Product Lifecycle Management
Comparison of Product Lifecycle Management features of Product A and Product B
NetSuite ERP
3.9
13 Ratings
61% below category average
Proposal Management2.610 Ratings
Product Master Data Management3.29 Ratings
User Ratings
NetSuite ERP
Likelihood to Recommend
8.5
(419 ratings)
Likelihood to Renew
8.2
(50 ratings)
Usability
7.9
(280 ratings)
Availability
9.0
(16 ratings)
Performance
8.0
(15 ratings)
Support Rating
5.7
(217 ratings)
In-Person Training
7.3
(2 ratings)
Online Training
6.4
(10 ratings)
Implementation Rating
5.4
(17 ratings)
Configurability
8.7
(5 ratings)
Ease of integration
7.3
(3 ratings)
Product Scalability
9.0
(8 ratings)
Vendor post-sale
4.8
(2 ratings)
Vendor pre-sale
5.0
(1 ratings)
User Testimonials
NetSuite ERP
Likelihood to Recommend
NetSuite
NetSuite ERP is a very robust ERP. For a small business, it might be overkill and even too expensive. What I mean by this is that there are advanced functionalities that NetSuite ERP has, such as forecasting, warehouse management, and custom workflows, that are not necessary for a small business. However, as a business starts to grow, NetSuite ERP provides endless growth opportunity to meet a companies needs. We are still technically a small company of only 15 employees, but NetSuite ERP has the ability to help us grow and we will not outgrow NetSuite ERP. NetSuite ERP can handle financial tracking with P&L, tax calculations, shipping, vendor management, and so much more.
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Pros
NetSuite
  • It is an accounting system first and foremost.
  • We can add Manufacturing/Inventory features that we need for a manufacturing environment.
  • System Information/System Notes - Tracking of changes to almost everything. This is incredibly helpful for audits and investigations.
  • NetSuite ERP is integrating AI into their processes which will be super interesting!
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Cons
NetSuite
  • I have found it to be a bit slow sometimes when saving.
  • I am not sure if this is Chase Bank or NetSuite, but a direct link to upload bank transactions or credit card transactions would be nice.
  • This is too hard, bc Netsuite works really well.
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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.
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Usability
NetSuite
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.
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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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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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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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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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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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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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Alternatives Considered
NetSuite
NetSuite by far is the most expensive; However, compared to the 3 systems notated, the overall functionality, capability and reporting advantages make it my top choice for companies experiencing exponential growth across all departments. Its a best in class solution for just about any user.
Read full review
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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Return on Investment
NetSuite
  • NetSuite software has improved our process controls and enhanced cash management, especially in huge projects.
  • The software has helped us with budgeting, forecasting, and real-time financial reporting.
  • Introduction of NetSuite ERP into our organisation has completely changed the way we do things by enhancing compliance, ensuring real-time project milestone tracking, and enabling portfolio management.
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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