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
High Expectations, Low Delivery
Positive Experience with NetSuite ERP; Would recommend!
Good for small companies, as long as you don't require additional support
Great ERP
One stop solution to all your payment processing needs.
NetSuite, a one-4-all solution for business transformation.
NetsSuite is good if you can taylor your business process to the platform
Great ERP system - Easy navigation and great reporting
Gold Standard for ERP
A good midsized system that bills you like the king
NetSuite ERP at a rapidly growing company
Solid choice though no panacea
NetSuite!
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
- Accounts payable (88)8.080%
- Role-based user permissions (80)7.979%
- Accounts receivable (88)7.878%
- Dashboards (71)7.474%
Reviewer Pros & Cons
Video Reviews
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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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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.
- 8.3API 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.
- 7.6Plug-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.
- 8.1Single 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.
- 7.9Role-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.
- 7.4Dashboards(71) Ratings
Users can create, customize and share dashboards, which provide an overview of the most important metrics.
- 7.5Standard reports(70) Ratings
The software offers pre-built reports with metrics standard to the category.
- 7.5Custom reports(70) Ratings
Users can create custom reports.
General Ledger and Configurable Accounting
Financial management solution, including capabilities for general ledger and configurable accounting
- 8Accounts payable(88) 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.
- 7.8Accounts receivable(88) 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.
- 7.6Global Financial Support(26) Ratings
Account using multiple ledgers, multiple currencies, and multiple entities
- 7.8Primary and Secondary Ledgers(28) Ratings
Record and report across multiple currencies and accounting standards with primary and secondary ledgers
- 8Journals and Reconciliations(41) Ratings
Automate and synchronize ledgers and processes
- 8Configurable Accounting(35) Ratings
Configure accounting rules and segments for each chart of accounts
- 7.6Standardized 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.
- 8.7Inventory 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.
- 7.2Automatic reordering(28) Ratings
The software can be set up to automatically reorder a good when it falls below a certain threshold.
- 8.3Location 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.
- 7.2Pricing(53) Ratings
Users can set up complex and unique pricing requirements.
- 8.2Order entry(71) Ratings
Users can enter an order once, and the data flows to all the necessary units such as fulfillment and billing.
- 6.8Credit card processing(37) Ratings
The software facilitates credit card processing.
- 7.1Cost 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.
- 7.6Order 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
- 7.9Billing Management(54) Ratings
Access role-based billing work area, perform discrete and recurring billing
- 7.6Cash and Asset Management(28) Ratings
Manage liquidity and cash requirements, asset transfers, disposals, reclassifications, and financial adjustments
- 6Travel & Expense Management(31) Ratings
Enter expenses from mobile devices, integrate credit card and travel booking, configure policy enforcement
- 7.1Budgetary Control & Encumbrance Accounting(27) Ratings
Control spending at any budget level or time interval
- 7.7Period 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.
- 5.6Budgeting and Forecasting(27) Ratings
Establish project budgets and forecast future project financials
- 5.5Project Costing(24) Ratings
Standardize, track, and control costs at all project phases
- 5.4Cost Capture(23) Ratings
Capture costs including those for procurement, financials or time and labor, including from external systems
- 4.1Capital Project Management(15) Ratings
Track and manage capital asset costs
- 7.7Customer Contract Compliance(14) Ratings
Associate projects or tasks with customer contracts, and lines within contracts, to meet billing terms
- 5.7Project Revenue Recognition(23) 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.
- 7.1Project Planning and Scheduling(14) Ratings
Interactive Gantt chart for establishing tasks, durations, and delivery schedule
- 3.4Task Insight for Project Managers(11) Ratings
Project manager visibility into task progress of team members
- 3.1Project Mobile Functionality(11) Ratings
Capabilities for project functions such as updating and monitoring task progress and timecards from mobile devices
- 3.8Definable Resource Pools(9) 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
- 3.6Award 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
- 3.6Bids Analyzed and Compared(8) Ratings
Evaluate, compare and recommend across multiple bids in real-time using diverse user selected criteria and graphical analytics
- 2.3Contract Authoring(10) Ratings
Document authoring with guided navigation, negotiation templates and productivity tools for reviews and collaboration
- 3.6Contract Repository(8) Ratings
Secure and searchable contract repository leveraging standard company language components, structures and formats
- 3.7Requisitions-to-Purchase Orders Integrated(13) Ratings
Create touchless purchases using purchase orders generated automatically per rules from approved requisitions
- 7.8Supplier 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
- 3.6Risk Repository(8) Ratings
Idenity, document, and manage business risks in a unified repository
- 2.3Control Management(11) Ratings
Establish and update risk and controls matrix, control test plans, and instructions
- 3.6Control Efficiency Assessments(7) Ratings
Assess control effectiveness on criteria such as geography, business unit, compliance requirements, etc
- 3.6Issue Detection(8) Ratings
Detect and create issues as part of the assessment flow
- 3.6Remediation 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.
- 2.9Transportation Planning and Optimization(9) Ratings
Plan shipments across all modes of transportation via lowest costs/highest service
- 2.9Transportation Execution Management(8) Ratings
Execute and track shipping orders
- 2.9Trade and Customs Management(9) Ratings
Manage duties, tax rates, customs documents, and other data required for products shipped in and to specified countries
- 7.6Fulfillment Management(14) Ratings
Support for multi-channel demand and execution fulfillment processes
- 2.6Warehouse 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.
- 6.9Production Process Design(12) Ratings
Define data for plant hierarchy, process standards, work areas, calendars and standard operations
- 7Production Management(14) Ratings
Centralized critical status information for production supervisors
- 7.6Configuration Management(10) Ratings
Capture and process customer configuration orders
- 7.6Work Execution(12) Ratings
Monitor procution status, manage work orders for standard and non-standard production, enforce tight controls on serialized products
- 6.9Manufacturing 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.
- 5.5Forecasting(17) Ratings
Statistically forecast based on historical patterns and sales input, monitor accuracy and estimate new demand
- 7.1Inventory Planning(33) Ratings
Establish projected inventory levels, monitor actual levels and compare with projected levels
- 7.1Performance 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
- 3.3Product 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 Video
NetSuite ERP Integrations
- Act-On Software
- Arena BOMControl
- HubSpot Marketing Hub
- Zuora
- Phocas Business Intelligence
- Makesbridge
- Salesforce Marketing Cloud Account Engagement
- 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
- Nexonia
- by Emburse
NetSuite ERP Competitors
- Sage 100
- Microsoft Dynamics GP
- Odoo
- Sage Intacct
- Microsoft Dynamics SL
- QuickBooks Desktop Enterprise
- Microsoft Dynamics 365 Business Central
- Microsoft Dynamics 365
- Sage 300cloud
- SAP ERP
- Epicor Prophet 21
- Microsoft Dynamics 365 for Finance and Operations (formerly Dynamics AX)
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
(865)Attribute Ratings
- 9.1Likelihood to Renew40 ratings
- 9.4Availability26 ratings
- 7.7Performance24 ratings
- 8.3Usability48 ratings
- 7.5Support Rating57 ratings
- 7.8Online Training9 ratings
- 7.3In-Person Training2 ratings
- 8Implementation Rating28 ratings
- 9Configurability1 rating
- 8.4Product Scalability5 ratings
- 9Ease of integration1 rating
- 7.3CPA Rating1 rating
Reviews
(1-25 of 157)NetSuite - Software Solution that Works for All Businesses
- NetSuite reduced our overall time to close and time to complete audit
- Search functionality makes it easier to do analytics on a timely basis
- Standard reporting and saved searches allows for more complex excel models outside of software
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
High Expectations, Low Delivery
- I think it makes things more complicated as I have to take our accrual numbers and make journal entries to convert them to a cash basis in our second "cash accounting" book that I created.
- The Match Bank Data feature doesn't work well so it is more cumbersome for us to use.
- The software costs and the additional costs for users are quite high which decreases our ROI.
Positive Experience with NetSuite ERP; Would recommend!
- I'm not knowledgeable enough to rate the ROI, but I'm sure other solutions are much more expensive making NetSuite ERP a Best Value product.
- It has allowed us to scale
- The cost is much less than full service competitors
Great ERP
- Easy of use
- Time saving
- Easy training
One stop solution to all your payment processing needs.
- Helped in reducing manpower
- Less errors
- Better utilization of resources
NetSuite, a one-4-all solution for business transformation.
- NetSuite has streamlined our process by bringing it all into one platform.
- NetSuite has caused some struggle for our employees due to some aspects being more complex than necessary.
- NetSuite has helped our accounting team really take control of finances and ensure all payables/receivables are handled timely.
- Removal of discounts
- Rising prices
Great ERP system - Easy navigation and great reporting
- NetSuite provides great reporting capabilities to be able to present robust executive and board presentations
- Integrates well with various other systems for AP, expense, AR, etc.
- Ease of navigation saves accounting team time and has lead to a decrease in time to close the books monthly
Gold Standard for ERP
- once single system for finanacial
- on M&A we can scale up with each acquisition
A good midsized system that bills you like the king
- Overall negative due to pricing actions, but we’re stuck on an overly expensive system that in our use case requires ongoing development and support. It’s our most expensive ERP by orders of magnitude
NetSuite ERP at a rapidly growing company
- Timely financial report and on demand financial reports
- Support audit initiatives
- Saves searches to save time
Solid choice though no panacea
- NetSuite was already in place when I joined, so I can't be sure on impact
- While using it, NetSuite has been solid at providing necessary accounting support needed.
- NetSuite has also been relatively flexible when API plugging into more robust solutions.
NetSuite!
- clients can login and use it
- easy to train
- easy to navigate so more productive
NetSuite - good experience so far
- We can easily manage all accounting and billing processes remotely
- We have been able to speed up many of our accounting processes
- The biggest negative was we had to purchase an additional budgeting/reporting software in additional to NetSuite
- Implementation/go live could have been improved
Netsuite is a Powerful ERP
- Positive, helps us track inventory status easier
- Positive, gives us a pulse of AP vs AR
Difficult to onboard, but great product overall
- Automate the repetitive work and reduce employee effort hence gives positive return to business
- Give in-depth knowledge about business and data hence helps in taking good decisions hence ROI is positively impacted
- Cost of product is on higher side and on-boarding of new team member is bit hard so this impact negatively to our business but overall product is beneficial
NetSuite ERP helps us maintain a better run business!
- Productivity has increased, less time running reports, building items, etc
- Invoicing customers is more accurate, resulting in more accurate sales and collection of monies.
- Better financial picture of our business
- Easier to track projects
- Visibility monthly into details
- Custom fields
- Sales tab under customer allows for overview of invoicing and payments
- Communications tab allows for history of communications
- Financial tab allows to overview of overdue balances etc
NetSuite for a medium size global company
- It has saved us time due to allowing many customization
- It integrates very well with other external softwares and platforms
- Cloud based ensures no wasted time downloading or updating it yourself
A Robust Tool for Resource Management.
- Overall NetSuite has been a good partner in business as far as Employee Management Systems are concerned.
- Product needs serious performance improvements.
Business-friendly ERP
- KPI-KPO based HR Management has been introduced efficiently
- Sales Lead Management became more intrinsic
- Costing, PnL becomes far more accurate
Oracle NetSuite Stands Tall Against Competing Cloud Services...It's Catch-Up Time For Everyone Else
- Not going to lie, NetSuite (for a smaller business) is an investment. Much more expensive than something like QuickBooks however...there is very little comparison in the feature sets of the two products. So if accounting is all you want, then you might find NetSuite a little overkill. However, if you want a tool that can handle growth (and I mean can handle a lot of growth), then look no further than NetSuite.
- NetSuite offers something called the Brainyard which is an information analysis to compare your company to other similar companies that use their software. It's a great tool to help gauge where you are at in the process of properly using the NetSuite platform.