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NetSuite ERP

NetSuite ERP

Overview

What is NetSuite ERP?

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…

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Recent Reviews

NetSuite ERP Review

8 out of 10
March 25, 2024
Incentivized
We use NetSuite ERP for general ledger management, accounts payable and vendor management. We are happy with the features in the general …
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NetSuite ERP Review

9 out of 10
November 03, 2023
Incentivized
In my role as a CFO, I approve invoices, so I get a notification in my inbox, click on it and it takes me to NetSuite. It's part of the …
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Awards

Products that are considered exceptional by their customers based on a variety of criteria win TrustRadius awards. Learn more about the types of TrustRadius awards to make the best purchase decision. More about TrustRadius Awards

Popular Features

View all 66 features
  • Billing Management (186)
    8.4
    84%
  • Accounts payable (250)
    8.3
    83%
  • Accounts receivable (231)
    8.3
    83%
  • Order entry (201)
    8.1
    81%

Reviewer Pros & Cons

View all pros & cons

Video Reviews

9 videos

Save Time By Empowering Your People - Director of IT's Review of NetSuite ERP
04:00
Director of Finance Feels the Efficiency | NetSuite ERP Review
06:05
NetSuite ERP Review | IT Administrator Appreciates the Flexibility
06:10
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Pricing

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N/A
Unavailable

What is NetSuite ERP?

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.

Entry-level set up fee?

  • No setup fee

Offerings

  • Free Trial
  • Free/Freemium Version
  • Premium Consulting/Integration Services

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Alternatives Pricing

What is Odoo?

Odoo, from the Belgium-headquartered multinational company of the same name, is a suite of business applications for managing the sales pipeline. It also comprises a PoS and inventory management modules, scaling to a warehouse or retail management solution.

What is Genius Solutions?

Genius Solutions delivers a complete enterprise resource planning (ERP) solution, including software, implementation services, and field expertise for small to mid-sized custom manufacturers across the US and Canada. Genius ERP is built for SME manufacturers handling make-to-order, engineer-to…

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Features

Payroll Management

Provides for pay calculation and benefit plan administration, in addition to managing direct deposit, salary revisions and payroll tracking.

1.1
Avg 7.2

Customization

This addresses a company’s ability to configure the software to fit its specific use case and workflow.

9.1
Avg 7.2

Security

This component helps a company minimize the security risks by controlling access to the software and its data, and encouraging best practices among users.

9.1
Avg 8.1

Reporting & Analytics

Users can report on and analyze usage, performance, ROI, and/or other metrics of success.

9.1
Avg 7.0

General Ledger and Configurable Accounting

Financial management solution, including capabilities for general ledger and configurable accounting

7.6
Avg 7.6

Inventory Management

The ability to track and manage the flow of goods or materials into and out of an inventory.

8.8
Avg 7.9

Order Management

The ability to process orders, and track them from quote to cash.

8.7
Avg 7.8

Subledger and Financial Process

Revenue management solution including capabilities for subledgers and financial processes

7.3
Avg 7.4

Project Financial Management

Project financial management solution including capabilities for project budgeting, cost control, billing and contract management.

6.3
Avg 7.6

Project Execution Management

Project execution management solution including capabilities for project scheduling, resource management, and team member task management.

4
Avg 6.8

Grants Management

Grants management solution for higher education, public sector, or non-profits with capabilities for managing financial awards for program and project funding

3.1
Avg 7.6

Procurement

Procurement management solution with capabilities for sourcing, contracting, procure-to-pay and supplier management

3.3
Avg 7.0

Risk Management

Risk management solution with capabilities for managing controls, assessing control effectiveness, certifying controls, and addressing deficiencies

3.2
Avg 6.5

Logistics

Logistics solution with capabilities for transportation planning, transportation execution, trade compliance, customs management, warehouse management and warehouse workforce management.

3
Avg 6.9

Manufacturing

Manufacturing solution for managing manufacturing processes and costs.

8.9
Avg 7.5

Supply Chain

Supply Chain Planning solution with capabilities for planning, performance monitoring, change responses and execution.

7.8
Avg 7.2

Product Lifecycle Management

Product Lifecycle Management solution with capabilities for innovation management, product development

3.8
Avg 7.3
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Product Details

What is NetSuite ERP?

As a cloud ERP solution, NetSuite is presented as the first and last business management solution a business could ever need.
NetSuite provides a suite of cloud-based applications, which includes financials / Enterprise Resource Planning (ERP), HR, professional services automation, and omnichannel commerce, used by more than 37,000 customers in 219 countries.

NetSuite ERP Features

General Ledger and Configurable Accounting Features

  • Supported: Accounts payable
  • Supported: Accounts receivable

Subledger and Financial Process Features

  • Supported: Billing Management

Order Management Features

  • Supported: Order entry

Project Financial Management Features

  • Supported: Capital Project Management

Supply Chain Features

  • Supported: Inventory Planning

NetSuite ERP Screenshots

Screenshot of one view into the most critical business processes.Screenshot of Mobile-friendly design

NetSuite ERP Technical Details

Deployment TypesSoftware as a Service (SaaS), Cloud, or Web-Based
Operating SystemsUnspecified
Mobile ApplicationApple iOS, Android, Mobile Web

Frequently Asked Questions

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.

Sage 100, Microsoft Dynamics GP, and Odoo are common alternatives for NetSuite ERP.

Reviewers rate Inventory tracking highest, with a score of 9.7.

The most common users of NetSuite ERP are from Mid-sized Companies (51-1,000 employees).
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Comparisons

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Reviews and Ratings

(1170)

Attribute Ratings

Reviews

(1-25 of 345)
Companies can't remove reviews or game the system. Here's why
Score 9 out of 10
Vetted Review
Verified User
Incentivized
  • Cost of implementation was very low compared to other ERP systems
  • Faster closing times have led to quicker reporting to senior management
  • We did purchase FloQast to track our close process because NetSuite ERP does not have such a feature
Score 9 out of 10
Vetted Review
Verified User
Incentivized
  • Negative: it is easy to use NetSuite ERP as a data dump, minimizing ROI
  • Negative: it lacks robust planning/forecasting abilities/scenario management
  • Positive: it's out of the box solution forces questions on best practice and usually leads to positive accounting changes
Score 8 out of 10
Vetted Review
Verified User
Incentivized
  • NetSuite ERP has made certain month-end processes faster with easy hierarchy and GL account management
  • The saved search feature is a good way to get data out of the system and is flexible in how you can get to it (A lot of systems can automate this)
  • ACS hours can be useful if you have a couple of one off projects that need to be completed in the system.
November 03, 2023

NetSuite ERP Review

Score 8 out of 10
Vetted Review
Verified User
Incentivized
  • I would say it has been a great ROI. I'm fairly new to Titan, but I will say especially at my last company, which is a retail company, the ROI was almost immediate because the systems that they were using were really suffering and it was affecting the bottom line. So NetSuite was a savior for them, really in the most literal sense. They would not have survived very much longer on the systems that they had. So to go to something like NetSuite where everything was all together in one platform was a huge advantage. And it didn't take long for us to realize that investment was well worth it.
November 03, 2023

NetSuite ERP Review

Score 10 out of 10
Vetted Review
Verified User
Incentivized
  • A lot because one is, it really tells you accurate and timely information with any, and then I mean once the better the product is, you're able to close your books quickly and report out and then move into the analysis and then help with the decision-makers. And when I'm talking about decision makers, it's starting with the CFO, CSOs and all the way up to the board. That's the source of our data.
November 03, 2023

NetSuite ERP Review

Score 9 out of 10
Vetted Review
Verified User
Incentivized
  • I wish I knew about customizations. They're hard to maintain, and expensive to maintain, so we moved away from customization, trying to use NetSuite native functionality to create workflows and connections with other systems.
November 03, 2023

NetSuite ERP Review

Score 9 out of 10
Vetted Review
Verified User
Incentivized
  • It's not cheap. We implement a lot of NetSuite subsidiaries, and so each one of those is expensive as well. So that's the downside of it. It's an investment into the company as well, but it's not a cheap investment. So I think that's the only side of it. Some of the other systems we have have been cheaper but not as good.
November 03, 2023

NetSuite ERP Review

Score 10 out of 10
Vetted Review
Verified User
Incentivized
  • Really it's been nothing but positive for us right now. My team is super excited to get to use it every day. They love the interface is easy to use. The fact that we've got all the security and audit logs in there gives me comfort as the senior finance person to be able to understand what's going on to track it, but it's also not bogged down in unnecessary bureaucratic processes or administrative processes. It allows our team to be very responsive and dynamic and that's great for us.
November 03, 2023

NetSuite ERP Review

Score 8 out of 10
Vetted Review
Verified User
Incentivized
  • 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.
November 03, 2023

NetSuite ERP

Score 9 out of 10
Vetted Review
Verified User
Incentivized
  • I think it's been better. I think from a reporting perspective, what we're able to pull out of this system is better than, and this is at this company because I only have 8 months, I know word of mouth that what they had before wasn't very good at getting numbers out and so this is much easier for us to pull the numbers and report to our leadership team.
November 03, 2023

NetSuite ERP Review

Score 9 out of 10
Vetted Review
Verified User
Incentivized
  • It's just been positive of just time saving, finding different automations of our processes, being able to get better visibility into our financials too, whether it be at the individual project levels or whether it be through classification of data, customizing reports to get better insights to cash flows. And then time saved too of, I mentioned the intercompany elimination and being able to close and all that type of stuff, which saved me hours and hours that I would have to do at the end of the year. But also having the multi-book is really powerful too in that we report on our operating and say our real estate valuations. But at the end of the day, being able to have separate kinds of tax books as well to be able to quickly be able to reconcile to when I'm giving information to my tax accountants at the beginning of the year helps get to our investors, which is a whole big thing. It's just all of those little things add up and the big thing is saving time while also still giving us the visibility and insight that we need to better run our business and just better monitor it.
November 03, 2023

NetSuite ERP Review

Score 10 out of 10
Vetted Review
Verified User
Incentivized
  • It has definitely a very positive impact. I don't think there's any negative impact of using NetSuite. We could always use some more discounts, but besides that, as a company growing 40% year over year and we track all of our financials, we have implemented a commissions module just recently. As we grow our Salesforce we are going to continue to enable new features and functionalities as our company grows.
November 03, 2023

NetSuite ERP Review

Score 10 out of 10
Vetted Review
Verified User
Incentivized
  • Definitely a return on investment, but mainly the automation to where we can have a better understanding of the processes that we're using and how we can improve them. But also to capture our inventory live, to be able to understand where our product is, if it's on the water, or when it's going to be arriving from being on the water. That's been huge for us.
Jon Ferguson | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
Incentivized
  • Increased our investment in IT from $10k to over $80k a year, but still less than adding one full-time IT position
  • Have grown from 10 subsidiaries to 13 using system without increasing cost.
  • Have saved at least 20 man hours a quarter due to multi-company consolidated financial reporting and have been able to transition from quarterly financial reporting to monthly.
October 19, 2023

NetSuite ERP Review

Score 8 out of 10
Vetted Review
Verified User
Incentivized
  • Since custom suite-lets can be developed it makes the system very flexible so we can execute a variety of operations that we could not with our other ERP
  • Having a modular system is great for companies that want to save money in certain areas without having to purchase the entire system
October 19, 2023

NetSuite ERP Review

Score 8 out of 10
Vetted Review
Verified User
Incentivized
  • Our teams are able to see the results of transactions posted immediately, and not have to wait on scheduled tasks to run to post the results, as with our legacy system Peoplesoft. This has been a major positive impact.
  • We have not had time to focus on building reports within NetSuite ERP or via the reporting system Adaptive Insights, as a result, in my experience, we have not been able to get financial data out of NetSuite ERP in a format that we would like without having to manipulate the data & format.
  • The support team has been very helpful when we need to reach out for assistance. That has been a time saver, not having to wait days or weeks for someone to address our issues.
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