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NetSuite ERP

NetSuite ERP

Overview

What is NetSuite ERP?

NetSuite is a suite of ERP and accounting modules which is sold in various editions aimed at different size customers. The multi-country, multi-currency version is an additional module called OneWorld. Netsuite is a SaaS system and is not offered in…

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Recent Reviews

Great ERP

10 out of 10
September 07, 2023
Incentivized
We use NetSuite as our Accounting ERP. It houses all of our financials and we run reports through NetSuite. A/P and A/R are exclusively …
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NetSuite!

10 out of 10
September 01, 2023
Incentivized
We use it as our accounting system. It helps us with AP, bank reconciliations, attaching back up for audits, coding and managing funds. We …
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Awards

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

Popular Features

View all 66 features
  • Accounts payable (88)
    8.0
    80%
  • Role-based user permissions (80)
    7.9
    79%
  • Accounts receivable (88)
    7.8
    78%
  • Dashboards (71)
    7.4
    74%

Reviewer Pros & Cons

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Video Reviews

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Pricing

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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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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 Worklair?

Worklair is a solution for agencies, service, and product businesses that wants to take full accountability and governance over all operations in the organization. It aims to house all necessary tools in one solution which includes essential features: - Tasks management - Time tracking and…

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Features

Payroll Management

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

1.1
Avg 7.3

Customization

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

8.6
Avg 7.2

Security

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

8
Avg 8.2

Reporting & Analytics

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

7.4
Avg 7.2

General Ledger and Configurable Accounting

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

7
Avg 7.6

Inventory Management

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

8
Avg 7.9

Order Management

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

7
Avg 7.7

Subledger and Financial Process

Revenue management solution including capabilities for subledgers and financial processes

6.1
Avg 7.4

Project Financial Management

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

5.6
Avg 7.6

Project Execution Management

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

3.9
Avg 6.8

Grants Management

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

3.2
Avg 7.4

Procurement

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

3.4
Avg 6.9

Risk Management

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

3.3
Avg 6.4

Logistics

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

2.9
Avg 6.9

Manufacturing

Manufacturing solution for managing manufacturing processes and costs.

7.3
Avg 7.6

Supply Chain

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

6.5
Avg 7.4

Product Lifecycle Management

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

3.7
Avg 7.3
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Product Details

What is NetSuite ERP?

As a cloud ERP solution, NetSuite is presented as the first and last business management solution a business could ever need.
NetSuite provides a suite of cloud-based applications, which includes financials / Enterprise Resource Planning (ERP), HR, professional services automation, and omnichannel commerce, used by more than 36,000 customers in 200+ countries.

NetSuite ERP Features

General Ledger and Configurable Accounting Features

  • Supported: Accounts payable
  • Supported: Accounts receivable

Subledger and Financial Process Features

  • Supported: Billing Management

Order Management Features

  • Supported: Order entry

Project Financial Management Features

  • Supported: Capital Project Management

Supply Chain Features

  • Supported: Inventory Planning

NetSuite ERP Screenshots

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

NetSuite ERP Video

What Is NetSuite ERP & How Does It Work?

NetSuite ERP Technical Details

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

Frequently Asked Questions

NetSuite is a suite of ERP and accounting modules which is sold in various editions aimed at different size customers. The multi-country, multi-currency version is an additional module called OneWorld. Netsuite is a SaaS system and is not offered in an on-premise edition.

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

Reviewers rate Inventory tracking highest, with a score of 8.7.

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

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Reviews and Ratings

(865)

Attribute Ratings

Reviews

(1-25 of 157)
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Score 10 out of 10
Vetted Review
Verified User
Incentivized
  • 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
Score 4 out of 10
Vetted Review
Verified User
Incentivized
  • 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.
Score 10 out of 10
Vetted Review
Verified User
Incentivized
  • 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.
Score 9 out of 10
Vetted Review
Verified User
Incentivized
  • 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
Score 7 out of 10
Vetted Review
Verified User
Incentivized
  • 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.
Score 8 out of 10
Vetted Review
Verified User
Incentivized
  • 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
Score 9 out of 10
Vetted Review
Verified User
Incentivized
  • 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
Mitchel Laman | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
Incentivized
  • 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.
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