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…
NetSuite Makes Fundraising Easy
A useful product, however it remains an expensive solution to ERP
NetSuite ERP is very easy to use and has a low cost to implement
NetSuite ERP - the (pricey) Standard for ERPs
NetSuite is a mistake for any small to medium-sized business that seeks a partnership relationship with their ERP provider.
NetSuite ERP can be a solid system
Suite up for NetSuite
NetSuite ERP Review
NetSuite ERP Review
NetSuite ERP Review
NetSuite ERP Review
NetSuite ERP Review
NetSuite ERP Review
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
- Billing Management (186)8.484%
- Accounts payable (250)8.383%
- Accounts receivable (231)8.383%
- Order entry (201)8.181%
Reviewer Pros & Cons
Video Reviews
9 videos
Pricing
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…
Features
Payroll Management
Provides for pay calculation and benefit plan administration, in addition to managing direct deposit, salary revisions and payroll tracking.
- 1Pay calculation(13) Ratings
Pay calculation provides for computation of employee pay with state and federal deductions.
- 1Benefit plan administration(10) Ratings
Benefit plan administration is administration of health insurance plans and 401k plans, and other benefits.
- 1.3Direct deposit files(9) Ratings
Direct deposit is the ability to electronically transfer pay to an employee’s personal bank account.
Customization
This addresses a company’s ability to configure the software to fit its specific use case and workflow.
- 9.1API for custom integration(64) Ratings
An API (application programming interface) provides a standard programming interface for connecting third-party systems to the software for data creation, access, updating and/or deletion.
- 9.4Plug-ins(47) Ratings
A number of third-party plug-ins are available to expand the core functionality of the software.
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.
- 9.2Single sign-on capability(62) Ratings
The software system supports a centralized authentication mechanism allowing the user to access multiple systems with a single, centrally managed password.
- 9.1Role-based user permissions(80) Ratings
Permissions to perform actions or access or modify data are assigned to roles, which are then assigned to users, reducing complexity of administration.
Reporting & Analytics
Users can report on and analyze usage, performance, ROI, and/or other metrics of success.
- 9.1Dashboards(71) Ratings
Users can create, customize and share dashboards, which provide an overview of the most important metrics.
- 9.1Standard reports(70) Ratings
The software offers pre-built reports with metrics standard to the category.
- 9.1Custom reports(70) Ratings
Users can create custom reports.
General Ledger and Configurable Accounting
Financial management solution, including capabilities for general ledger and configurable accounting
- 8.3Accounts payable(250) Ratings
This includes the automation and tracking of payment to vendors and suppliers, with features such as payment scheduling, check printing, open purchase order alerts, document management, direct ACH bill payment, and vendor records.
- 8.3Accounts receivable(231) Ratings
This includes the management and automation of invoices and collections, with features like statements, invoices, receipts, payment reminders, customer records, auto billing, and refund checks.
- 9.3Global Financial Support(26) Ratings
Account using multiple ledgers, multiple currencies, and multiple entities
- 9.4Primary and Secondary Ledgers(28) Ratings
Record and report across multiple currencies and accounting standards with primary and secondary ledgers
- 9Journals and Reconciliations(41) Ratings
Automate and synchronize ledgers and processes
- 9.4Configurable Accounting(35) Ratings
Configure accounting rules and segments for each chart of accounts
- 9.3Standardized Processes(37) Ratings
Centralize financial management to facilitate standardized financial processes
Inventory Management
The ability to track and manage the flow of goods or materials into and out of an inventory.
- 9.7Inventory tracking(47) Ratings
The software syncs orders and stock to maintain a real-time picture of inventory and supports multiple methods such as LIFO and FIFO.
- 8.5Automatic reordering(28) Ratings
The software can be set up to automatically reorder a good when it falls below a certain threshold.
- 9.2Location management(35) Ratings
The software can track multiple goods across multiple locations.
Order Management
The ability to process orders, and track them from quote to cash.
- 9.1Pricing(53) Ratings
Users can set up complex and unique pricing requirements.
- 8.1Order entry(201) Ratings
Users can enter an order once, and the data flows to all the necessary units such as fulfillment and billing.
- 8.4Credit card processing(37) Ratings
The software facilitates credit card processing.
- 8.7Cost of goods sold(48) Ratings
The software calculates the direct costs attributable to a finished product, such as materials and labor, and includes roll-up pricing.
- 9.4Order Orchestration(21) Ratings
Define and execute order fulfillment processes for products as well as services on the same order.
Subledger and Financial Process
Revenue management solution including capabilities for subledgers and financial processes
- 8.4Billing Management(186) Ratings
Access role-based billing work area, perform discrete and recurring billing
- 9.3Cash and Asset Management(27) Ratings
Manage liquidity and cash requirements, asset transfers, disposals, reclassifications, and financial adjustments
- 8.3Travel & Expense Management(31) Ratings
Enter expenses from mobile devices, integrate credit card and travel booking, configure policy enforcement
- 8.5Budgetary Control & Encumbrance Accounting(27) Ratings
Control spending at any budget level or time interval
- 9.3Period Close(35) Ratings
Sustain fast close with integrated subledgers, intuitive dashboards, embedded collaboration
Project Financial Management
Project financial management solution including capabilities for project budgeting, cost control, billing and contract management.
- 5.9Budgeting and Forecasting(26) Ratings
Establish project budgets and forecast future project financials
- 5.8Project Costing(23) Ratings
Standardize, track, and control costs at all project phases
- 5.8Cost Capture(22) Ratings
Capture costs including those for procurement, financials or time and labor, including from external systems
- 4Capital Project Management(14) Ratings
Track and manage capital asset costs
- 9.4Customer Contract Compliance(13) Ratings
Associate projects or tasks with customer contracts, and lines within contracts, to meet billing terms
- 6.7Project Revenue Recognition(22) Ratings
Recognize project contract revenue in line with accounting policies and regulations
Project Execution Management
Project execution management solution including capabilities for project scheduling, resource management, and team member task management.
- 8.5Project Planning and Scheduling(14) Ratings
Interactive Gantt chart for establishing tasks, durations, and delivery schedule
- 3.3Task Insight for Project Managers(11) Ratings
Project manager visibility into task progress of team members
- 3Project Mobile Functionality(10) Ratings
Capabilities for project functions such as updating and monitoring task progress and timecards from mobile devices
- 3.6Definable Resource Pools(8) Ratings
Definable and hierarchical resource pools of potential project resources
Grants Management
Grants management solution for higher education, public sector, or non-profits with capabilities for managing financial awards for program and project funding
- 3.5Award Lifecycle Management(7) Ratings
Manage the life of program funding awards from initial funding to close-out
Procurement
Procurement management solution with capabilities for sourcing, contracting, procure-to-pay and supplier management
- 3.5Bids Analyzed and Compared(8) Ratings
Evaluate, compare and recommend across multiple bids in real-time using diverse user selected criteria and graphical analytics
- 2Contract Authoring(10) Ratings
Document authoring with guided navigation, negotiation templates and productivity tools for reviews and collaboration
- 3.5Contract Repository(8) Ratings
Secure and searchable contract repository leveraging standard company language components, structures and formats
- 3.6Requisitions-to-Purchase Orders Integrated(13) Ratings
Create touchless purchases using purchase orders generated automatically per rules from approved requisitions
- 9.5Supplier Management(13) Ratings
Broadly manage and report comprehensive supplier profiles, capabilities and performance; identify bottlenecks; balance allocations, workloads
Risk Management
Risk management solution with capabilities for managing controls, assessing control effectiveness, certifying controls, and addressing deficiencies
- 3.5Risk Repository(8) Ratings
Idenity, document, and manage business risks in a unified repository
- 2Control Management(11) Ratings
Establish and update risk and controls matrix, control test plans, and instructions
- 3.5Control Efficiency Assessments(7) Ratings
Assess control effectiveness on criteria such as geography, business unit, compliance requirements, etc
- 3.5Issue Detection(8) Ratings
Detect and create issues as part of the assessment flow
- 3.5Remediation and Certification(8) Ratings
Create and update remediation plans and certify controls
Logistics
Logistics solution with capabilities for transportation planning, transportation execution, trade compliance, customs management, warehouse management and warehouse workforce management.
- 2.8Transportation Planning and Optimization(9) Ratings
Plan shipments across all modes of transportation via lowest costs/highest service
- 2.8Transportation Execution Management(8) Ratings
Execute and track shipping orders
- 2.8Trade and Customs Management(8) Ratings
Manage duties, tax rates, customs documents, and other data required for products shipped in and to specified countries
- 9.4Fulfillment Management(14) Ratings
Support for multi-channel demand and execution fulfillment processes
- 2.5Warehouse Workforce Management(11) Ratings
Set goals, measure actuals, and analyze productivity for warehousing tasks and activities
Manufacturing
Manufacturing solution for managing manufacturing processes and costs.
- 8.5Production Process Design(12) Ratings
Define data for plant hierarchy, process standards, work areas, calendars and standard operations
- 8.5Production Management(14) Ratings
Centralized critical status information for production supervisors
- 9.4Configuration Management(10) Ratings
Capture and process customer configuration orders
- 9.4Work Execution(12) Ratings
Monitor procution status, manage work orders for standard and non-standard production, enforce tight controls on serialized products
- 8.5Manufacturing Costs(14) Ratings
Estimate, plan and monitor costs and variances by plant. Capture resource costs using standard, actual, LIFO, FIFO or multiple costing methods.
Supply Chain
Supply Chain Planning solution with capabilities for planning, performance monitoring, change responses and execution.
- 7.6Forecasting(17) Ratings
Statistically forecast based on historical patterns and sales input, monitor accuracy and estimate new demand
- 7.4Inventory Planning(128) Ratings
Establish projected inventory levels, monitor actual levels and compare with projected levels
- 8.5Performance Monitoring(14) Ratings
Analyze business metrics and compare actual performance to plans, identify issues, prioritize demands and respond to changes
Product Lifecycle Management
Product Lifecycle Management solution with capabilities for innovation management, product development
- 2.6Proposal Management(10) Ratings
Capture budget, resource, and benefit expectations for proposals
- 3.2Product Master Data Management(9) Ratings
Create, classify, and manage product items, BOMs and product changes
Product Details
- About
- Integrations
- Competitors
- Tech Details
- FAQs
What is NetSuite ERP?
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
NetSuite ERP Integrations
- Act-On Software
- Arena BOMControl
- HubSpot Marketing Hub
- Zuora
- Phocas Business Intelligence
- Makesbridge
- Salesforce Marketing Cloud
- CallidusCloud LeadRocket (discontinued)
- ServiceTrade
- SAP CLM, discontinued, duplicate
- Tipalti
- Axiom Software by Syntellis Performance Solutions
- ClientPoint
- Bronto Marketing Platform (discontinued)
- Quickbase
- UKG Pro
- Salesforce Marketing Cloud Interaction Studio, on marketing cloud
- Emburse Nexonia
NetSuite ERP Competitors
NetSuite ERP Technical Details
Deployment Types | Software as a Service (SaaS), Cloud, or Web-Based |
---|---|
Operating Systems | Unspecified |
Mobile Application | Apple iOS, Android, Mobile Web |
Frequently Asked Questions
Comparisons
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Reviews and Ratings
(1170)Attribute Ratings
- 9.2Likelihood to Renew49 ratings
- 9Availability16 ratings
- 8Performance15 ratings
- 8.6Usability231 ratings
- 7.1Support Rating215 ratings
- 6.4Online Training10 ratings
- 7.3In-Person Training2 ratings
- 6.4Implementation Rating17 ratings
- 8.7Configurability5 ratings
- 9Product Scalability8 ratings
- 7.3Ease of integration3 ratings
- 5Vendor pre-sale1 rating
- 4.8Vendor post-sale2 ratings
- 7.3CPA Rating1 rating
Reviews
(1-25 of 345)NetSuite ERP Review
- Since it is Cloud based it has been helpful for remote work.
- Upgrades done automatically.
- Ease of use for new staff members.
NetSuite Makes Fundraising Easy
- I don't have hard numbers, but feel that this product gives me a good overall view of donors and their donations
- I believe NetSuite ERP has been net neutral on our business
- It is an expensive software but provides an important function
NetSuite ERP
- 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
NetSuite ERP - the (pricey) Standard for ERPs
- 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
NetSuite is a mistake for any small to medium-sized business that seeks a partnership relationship with their ERP provider.
- It's a huge waste of energy dealing with their tech support.
- They have disgraceful customer service that sucked time and energy from our team.
NetSuite ERP can be a solid system
- 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.
NetSuite ERP Review
- 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.
NetSuite ERP Review
- 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.
NetSuite ERP Review
- 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.
NetSuite ERP Review
- 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.
NetSuite ERP Review
- Just the way we implemented it. We didn't take into account all new products coming in and so we've had some trouble with how we set it up with our current CPQ system, but just kind of our own fault, not really NetSuite.
NetSuite ERP Review
- 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.
NetSuite ERP Review
- 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.
NetSuite ERP
- 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.
NetSuite ERP Review
- 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.
NetSuite ERP Review
- Very positive.
NetSuite ERP Review
- 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.
NetSuite ERP Review
- 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.
Best in class SaaS
- We manage the operations with less errors
- No nead of additional staff to run admin tasks
The Suiteness Works
- entity consolidation vs stand alone / manual in QB
- got team thinking more about best practices
- scalable
Simply the Best Cloud Based ERP Solution on the Market
- 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.
NetSuite ERP Review
- 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
NetSuite ERP Review
- 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.