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 rocks
Streamlining Operations with NetSuite ERP: A Comprehensive Review
NetSuite ERP Review
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
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 (188)8.383%
- Accounts payable (252)8.383%
- Accounts receivable (233)8.383%
- Order entry (203)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.
- 9.2API 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.
- 9.5Plug-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.
- 9.3Single 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.
- 9.2Role-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.
- 9.3Dashboards(71) Ratings
Users can create, customize and share dashboards, which provide an overview of the most important metrics.
- 9.3Standard reports(70) Ratings
The software offers pre-built reports with metrics standard to the category.
- 9.3Custom 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(252) 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(233) 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.
- 9.5Global Financial Support(26) Ratings
Account using multiple ledgers, multiple currencies, and multiple entities
- 9.5Primary and Secondary Ledgers(28) Ratings
Record and report across multiple currencies and accounting standards with primary and secondary ledgers
- 9.1Journals and Reconciliations(41) Ratings
Automate and synchronize ledgers and processes
- 9.5Configurable Accounting(35) Ratings
Configure accounting rules and segments for each chart of accounts
- 9.5Standardized 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.
- 9.8Inventory 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.
- 8.6Automatic reordering(28) Ratings
The software can be set up to automatically reorder a good when it falls below a certain threshold.
- 9.3Location 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.
- 9.3Pricing(53) Ratings
Users can set up complex and unique pricing requirements.
- 8.1Order entry(203) Ratings
Users can enter an order once, and the data flows to all the necessary units such as fulfillment and billing.
- 8.5Credit card processing(37) Ratings
The software facilitates credit card processing.
- 8.8Cost 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.
- 9.5Order 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
- 8.3Billing Management(188) Ratings
Access role-based billing work area, perform discrete and recurring billing
- 9.5Cash and Asset Management(27) Ratings
Manage liquidity and cash requirements, asset transfers, disposals, reclassifications, and financial adjustments
- 8.6Travel & Expense Management(31) Ratings
Enter expenses from mobile devices, integrate credit card and travel booking, configure policy enforcement
- 8.6Budgetary Control & Encumbrance Accounting(27) Ratings
Control spending at any budget level or time interval
- 9.5Period 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
- 5.9Project Costing(23) Ratings
Standardize, track, and control costs at all project phases
- 5.9Cost 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
- 9.5Customer 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.
- 8.6Project 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
- 9.6Supplier 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
- 9.5Fulfillment 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.
- 8.6Production Process Design(12) Ratings
Define data for plant hierarchy, process standards, work areas, calendars and standard operations
- 8.6Production Management(14) Ratings
Centralized critical status information for production supervisors
- 9.5Configuration Management(10) Ratings
Capture and process customer configuration orders
- 9.5Work Execution(12) Ratings
Monitor procution status, manage work orders for standard and non-standard production, enforce tight controls on serialized products
- 8.6Manufacturing 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.
- 7.9Forecasting(17) Ratings
Statistically forecast based on historical patterns and sales input, monitor accuracy and estimate new demand
- 7.3Inventory Planning(129) Ratings
Establish projected inventory levels, monitor actual levels and compare with projected levels
- 8.6Performance 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
(1174)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 40)NetSuite rocks
- Customization
- User friendly
- Controls
- Amortization reporting!!!!
- Basic budgeting no ability to import updates only add
- Financial reporting
Room to grow, e-commerce suite commerce when I used it was eh, large sku management
NetSuite ERP Review
- NetSuite has been great for us because it's highly adaptable. We have a niche way of doing our business and nobody really operates exactly like we do. And NetSuite doesn't operate that way out of the box, nor does it for hardly anybody that uses it, but it's really adaptable. So we were able to customize it, create all the fields that we need, all the links that we need, all the integrations that we need to make it work well for us.
- Honestly, right now, my biggest pain point is kind of our own doing, but I would appreciate a little bit more support and help in the area of performance management and kind of understanding how our application is built, what are the best choices for customizing or solving a problem in terms of performance, because our company is rather large, we have a lot of data coming in and out, and that has been an issue for us recently.
NetSuite ERP Review
- I already mentioned the intercompany, which saves me a ton of time. Being able to book entries across multiple subsidiaries all at once is a huge time-saving. I also really value the way that it integrates with some other technology solutions, and I'm going to shout out to Ramp right now. I implemented that last summer and for credit card spend and being able to not have to spend hours reconciling credit card and having all the data feed right into NetSuite instantly without any kind of reconciliation needed is a huge time save. And it's not just Ramp that does that. We've used Stampli as well for AP and it does that. We recently implemented Rippling to handle HR and payroll. And so that's one of the big things. And that was a big selling point for me too, was being able to find these other solutions that can automate and make us very scalable. But they all talk nice. With API direct kind of integrations with NetSuite.
- I think there's the challenge of NetSuite of just navigating how big it is. It's also, I don't think it's always the most user-friendly platform. I feel like I've been implementing still for two years of just learning how to, there's so many different things you can do, which is great and that's what I really like about it, but it's also not the most intuitive or user-friendly software.
NetSuite ERP Review
- The learning, the LCS is very good. Anything that you'd like to learn, whether it's for an admin from security to dev, you just have it at your fingertips. There's no limit to what you can learn. I think that's really great that it's just open for everybody.
- I think for me, because I'm so new, the biggest struggle that I have is not really understanding the whole big picture of how NetSuite plays into the role of a company and I'm learning it from backward. I think if I had a visual aid or kind of a guide of "this is how NetSuite integrates into an IT infrastructure, this is how you'll use it and this is kind of how NetSuite's recommended use of NetSuite would be from Oracle," that would be helpful for me. So just kind of the bigger picture is how I like to look at things and analyze it and fix the problems that I have.
Simply the Best Cloud Based ERP Solution on the Market
- Importing data via csv file uploads
- Consolidated financial reporting
- Multi-currency
- Expense reimbursement with easy to use mobile app
- Customizable fields and records to meet your needs
- Dashboards to track performance
- Global search to easily find anything
- Tremendous amount of online help and learning tools (LCS)
- Support - In my experience, it's limited to answering questions and resolving system performance issues, and won’t help you write searches or reports or scripts or with customizations.
- Jon shop manufacturing
- In my experience, phone support not available without support contract
- I believe Advanced Customer Support (ACS) is weak and uses mostly off-shore resources
Very happy with NetSuite.
- The AP process is very smooth, especially with the addition of bill capture.
- The accounting process is very straight forward. Easy to customize if needed.
- The fixed asset system with respect to leases. Lease modifications don't work well, depending on the modification.
NetSuite Experience
- It really helps us keep everything clean and organized
- training the help and modules are getting much better but the initial set up can be very overwhelming
NetSuite - Easy Order Management and Processing.
- Order processing.
- Inventory control.
- Billing/invoicing.
- Performance/speed.
- Usability for casual or new users.
NetSuite is Suite!
- No downtime! We haven't had any outages in a year!
- Easily extensible with partner applications such as Tipalti, RFSmart, PaceJet, and Celigo.
- Integrated data across operational functions.
- Ease of creating simple customizations via workflows.
- WMS does not have enough features to be robust enough for use: License Plating, UCC labeling and shipment rate shopping.
- Outsourced manufacturing requires lots of manual effort to realize - 6 transactions to receive inbound completed manufactured products! (TO to the manufacturer, IR, PO for finished goods, WO completion, TO, IR).
- MRP does not have enough training materials available.
Great product for companies that are growing fast.
- Revenue recongnition.
- Financial reports.
- Amortization
- Saved searches.
- Custom buttons.
- Reporting
NetSuite user with 1 year of experience since implementation.
- Flexibility of financial reporting process.
- Vast infrastructure to support various needs.
- Able to scale to a much larger organization dealing with multiple jurisdictions.
- Learning curve to start functioning efficiently.
- Ability to easily connect with Canadian banks and the application of cash to a large number of customer receivables.
- Support for multi-currency reporting/implementation.
NetSuite is good.
- Roles and permissions.
- Order to cash.
- ARM
- Project management.
- Employee management.
Interesting to Learn with some Curveballs
- SuiteApprovals
- Reporting (Financial reports)
- Customization of saved searches to show many forms of data
- Vendor ACH bank payments module
- Greater CRM capabilities
- Different types of licenses (somewhere in the middle between full license and employee center)
- More customizable dashboards with a more friendly UI (change in creative design)
Everything in One Place
- Data Extraction
- Transaction Imports
- Fixed Asset Handling
- Advanced/Custom Approval Routing
- Banking Integration
- Payment Provider Expansion (for AP)
- More Readily Available Training/Support Programs for Partners
NetSuite ERP Will Work for Some
- Allowing custom fields on records like item records.
- Providing one single data source for reporting.
- Allows creation of very granular permissions for users
- Latency in ERP is often an issue and impacts individual users' performance
- Learning curve for new users is an obstacle
Join the Suite life today....
- Ordering
- Journals
- Interconnectivity
- Warehouse Management
- Ease of reviewing old and new impacts as they are not available in searches at a transaction level
- Custom Segments are not displayed well in Budgets.
Not so well grown up with the WMS area and with ease of tracking and movement.
SuiteAnalytics is challenging to use even for sophisticated users.
Unsetting the Bundle process is shortsighted as it assumes that users are developers.
The Copy to Account is HORRIBLE.
Another good product from NS.
- sales planning
- getting started with the module - steep learning
Exceeded expectations in year one!
- Provides smiplicity Intercompany transactions, eliminations and reporting
- manage inventory on hand, puchasing efficiencies
- Board and Executive level dashboard and reporting option
- Not enough experience and time with the system to say if issues are with NetSuite or own teams learning curve
NetSuite is ideal for rapidly growing companies who need deep insights into their business
- Financials
- Customer Management
- INventory
- CRM ease of use
- Load times
Great for most
- Saved searches
- Financials
- Customization
- Speed of support for enhancement tickets
- Pricing
- Joining tables more than one jump away
Vision
- Ease of use
- Easy to drill down
- Ease to upload forecast/ budegt
- Providing more learning experiences for features
- Be able to use our real environment and use cases in showing solutions
New to NetSuite. Still learning
- Prepaids
- Controls
- Connections with banks - Goldman sachs
- saves reports
- searching for transactions
NetSuite ERP feedback
Each subsidiary does things slightly differently and we are able to accommodate the requirements of each company.
- Customization: We have a custom Artwork Process (where customer send their artwork to be printed on goods) and approval process. The artwork is attached to the SO, and the graphics team will build Artwork Proof custom record based on the customer's requirements. When we hit save, the Artwork Proof is automatically sent to the customer for approval.
- WMS: We don't have NetSuite Warehouse Management System (yet), but we would like to use it. The biggest limitation is WMS picking from Work Order. We want to introduce picking strategies from Work Order and it hasn't been easy.
- Account Reconciliation: We would like to see more fields that we can match on and create matching rules. Example: EFT payment confirmation numbers.
- Commission incentives: Very limited in terms of 'rules' we can create to calculate commissions.
Not-so-well Suited: WMS & WIP, especially from Work Orders.
Net-So-Sweet ...sometimes
- One data source
- Role access
- I believe getting data out of it can be insane until you have a deep understanding. (It's still insane once you understand but palatable)
- I believe the learning resources are lacking
- Every tool has a niche and use case, but it usually isn't yours
It's working with time and effort.
- Journal lines details
- Simple queries reports searches
- Simple interface
- Building reports
- Analytics
- Cohesiveness between modules