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
- 8.7Travel & 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 64)NetSuite ERP
- Financial Reporting
- Concolidations
- Having somehow a direct connection with CRM
- Better Planning Tools
- FP&A
NetSuite ERP Review
- 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.
- Reports. I wasn't happy with the reporting. I don't think we're there yet. I understand better now the safe search functionality, but still when it comes to doing the monthly financial package, I rely on a different product.
- I think they could be hard to use based on roles and permissions. I learned if you don't set those up the right way, you don't get visibility into the NetSuite data, and could be challenging.
- I just watched the other data bill capture, and I was surprised to see that they only allow five pages for invoices. So I really want more than five pages. I want it unlimited.
NetSuite ERP Review
- The big piece is it gives us a lot of the KPI indicators. When you land on the dashboard and right away you're able to identify, you'll create key information. I'm not having to dive into layers and layers of reports to get what I need. I can set it up and configure it, and then every time I log in I see it there. So that's probably one big thing.
- The other thing is it brings together all these different pieces together into one ecosystem. I'm not having to get 20 different integrations to make it functional. It works just on its own. And then if I do need to, there are partners that work really well with integrations, so if there is something that works well, I can bring it in, but I don't have to at the same point in time. So those are a couple of big things that are really helpful.
- I think some of it is in terms of some of the reporting, some of the reporting is really great out of the box. Some of the save search features require a bit more work to get set up, configured, and operating. It'd be nice if there were a few more prebuilt ones that would be really helpful there in some different industry segments. So that would just help to make things a bit easier. The fact that it's there and I can configure it to get information is great, but I still have to have someone who feels comfortable setting all those up and that can take some time.
Best in class SaaS
- Project billing
- Assets depreciation
- Revenue Managment
- Fixed Assets module
Capabilities are endless
- They provide a lot of options in terms of tailoring to the needs of our organization.
- Suite Answers is really helpful whenever you are stuck.
- I enjoy working with the many different vendors and partners you have.
- It would be really helpful when asking for featuresm that they are implemented.
- If you could actually provide the same level of service through out your organization, as there are mixed reviews on that
- Provide more manuals for tips and tricks.
NetSuite ERP Review
- Customer Creation
- Sales Order, Invoicing
- Revenue Recognition
- Project management
- Billing
- APIs to connect with other data ware houses
- Outbound integrations
- NetSuite ERP well suited for us for maintaining customer, their contacts, shipping and billing addresses, Sales order creation with multi line items, invoicing, billing, credit memo, deposits, revenue recognition, chart of accounts, general ledger, project creation and management. Projects billing. Sometime we found outbound integrations are not robust. Also, need to go for separate connectors if you have to connect with third part datawarehouse.
We Love NetSuite ERP!
- Financial Reporting
- Searches and Data
- Integrations
- API
- Customization
- Configuration
- FAM
- Our ACS support was not good
- Pricing
NetSuite ERP
- Reporting
- Saved searches and reports for analysis
- Open API to facilitate integrations
- Vast partner network with near native feel and functionality
- Fixed asset module has too many quirks
- Support at times (acs) was lacking
NetSuite is Awesome
- Save Searches are still awesome
- Revenue SSP Allocations
- Easy to use compared to oracle and sap
- UI has not changed for years where as competitors have updated UI to be more modenernized
- cash applications not alot of automation in the collections process
- re-occuring monthly billings is difficult as it requires setting up schedules manually
- some of our save searches for revenue waterfalls are getting to big and have slow run times. not sure if there is a way to improve performances but 24month waterfalls take a long time to generate as business grows and number of lines increase
- reporting of backlog is not easy as data is not easily merried to data in NetSuite for ARR reporting
NetSuite review.
- Customer Sales processing.
- Electronics payment.
- Revenue Recognition.
- Expense management.
- Supplier collaborations.
- Vendor Payments.
- Variant configuration.
Great product for companies that are growing fast.
- Revenue recongnition.
- Financial reports.
- Amortization
- Saved searches.
- Custom buttons.
- Reporting
NetSuite is good.
- Roles and permissions.
- Order to cash.
- ARM
- Project management.
- Employee management.
NetSuite ERP Review
- Fixed asset depreciation is a smooth process
- the ability to upload transactions in bulk via csv
- The ability to connect to the jdbc driver and build complex queries that aren't available in a single saved search.
- Saved searches while robust, I've found sometimes don't include all fields, and some tables can't be joined in
- I'v found with deleted transactions it doesn't hold the gl impact data
- I've found certain permissions aren't available for view only
NetSuite ERP allows our business to grow and thrive.
- General Ledger reporting
- Sales Order entry and maintenance
- Customization of forms/dashboards
- Searches and reports for all different types of data
- Integrate with other software systems - AR, AP, banking, WMS, logistics
- Support is expensive
- There aren't a lot of options for third-party financing in a retail space
- the CRM module could be more robust.
NetSuite ERP, Awesome for a not so complex company.
- Simplifies Accounting processes
- Excellent UI
- Flexibility to add custom objects
- Edge processes outside of core accounting functions are lacking
- Complex approval routing
- complex order processes
Powerful ERP system
- Order management
- Financial reporting
- Accouting
- Demand and planning
- Warehouse solution
- User interface
NetSuite ERP - Started from the bottom now we're here!
- Quote --> Invoicing
- Items (services)
- Customizations
- automations (built-in) not a separate module
- FAM
- Revenue Reconigiton
- The number of rates we can associate service level, with individual customers.
NetSuite ERP review
- Financials
- Revenue recognition
- Ability to customize
- Projects
- Standard cost
NetSweeets
- CRM
- Financials
- Order Management
- CRM
- Marketing Automation
- In store POS
Excellent ERP System
The systems helps to a fastest month end close.
- Bank reconciliation
- Cash forecast
- Reporting
- Fixed assets
- Custom reporting
SuiteWorld 2023
- Revenue Recognition
- Procurement
- Customized Solutions
- Focus on core portions of system
- Review high voted enhancements
- perform additional testing prior to release of new features
NetSuite review
Manage monthly billing
Manage suppliers and supplier payments
Reporting
- Reporting
- CRM
- Billing
- Response time
- cost
- User interface
Well suited for companies with multiple subsidiaries
Well suited for companies with distributed workforce
Not well suited for complex companies with sophisticated manufacturing setup, capacity planning needs or labor tracking needs.
NetSuite is great
- Close process
- AP automation
- Revenue management
- Inter company transactions.
- Simplify more processes
- Pricing
Great for Growing Businesses and Automating Manual Processes
- Analytics
- Approval workflows
- Seamless order to cash
- SuiteScript support
- Unexpected Error support
- Naming conventions and consistency
- Data Organization
- Financial Period Management
- Custom Reporting
- Integration with other software
- Native fixed asset module
- Bank and credit card matching