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.
- 9.2Single 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.
- 9.2Role-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.
- 9.2Dashboards(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
- 9.4Standardized 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.
- 9.2Pricing(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
- 9.4Cash 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
- 8.5Budgetary 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.
- 7.8Forecasting(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
(1176)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 216)NetSuite ERP for Freight Brokerage
- Financial statement creation
- Entity hieracrchy
- New user training
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
- Work Flow
- General Ledger and journal entries
- Ad hoc reporting
- Dashboards
- Administration particularly in regard to user security
- In the chart of accounts users should be able to change the account type on a general ledger account after it has been assigned.
- The financial statement creation is complex if you report based on statutory accounting.
- Accounts payable automation
- Exportable
- Customer Support
- Search functionality is really difficult to use
- Updating reports is a difficult process
NetSuite ERP
- Financial Reporting
- Concolidations
- Having somehow a direct connection with CRM
- Better Planning Tools
- FP&A
- The cloud platform is always online for us
- NetSuite ERP is very quick when it comes to completing tasks
- NetSuite ERP also provides us the ability to customize various re
- It would be great if NetSuite ERP had an account reconciliation feature
- More plug-ins to different software providers would be great
- If we could connect up to our banking platforms that would make cash reconciliations better
NetSuite ERP can be a solid system
- NetSuite ERP makes hierarchy management easy
- Getting data out of NetSuite ERP is relatively easy via saved search
- Dunning notice module does a great job of automating customer payment notices
- In my experience, editing reports can be difficult. Some things are more rigid than it needs to be and it can be difficult to move items around.
- I've found navigation sometimes doesnt work via the search bar and it can be difficult to get to certain areas of the system.
Suite up for NetSuite
- Accounting
- Supply chain
- Procurement
- Sales
- Fixed Asset
- Advamced Manufacturing
NetSuite ERP Review
- I'll talk about the income statement detail report, which is very common. So there are the filter or the selection capabilities so strong that you can view the summary and then you can go into the details and drill down into the transactions from the same place. Even I've used the advance your safe search features, which for someone like me, I'm from tech and engineering backgrounds, it's very easy to just write your own queries and just run the tool and run the report.
- I think that if it's primarily product improvement or what we need to implement our AP invoicing, that processes link is a little bit missing because there are some manual because we use kind of an email inbox, and then data gets us. So that's what probably is missing from our NetSuite integration point of view. And then there is definitely, I mean we are looking for the MRP and all those pieces, so we'll look into that.
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
- NetSuite does analytics very well.
- They do reporting very well. I love the ability to have control over how the information flows through my NetSuite, my user roles, and my responsibilities. I can assign certain tasks to certain people, and they do that and then also have the control to approve that and make sure it's done correctly.
- Just being able to drill down into a particular GL account or into a particular line item and see what really makes that up and what's driving our certain costs.
- Certain exports out of the system. There are some pages that you can export to Excel and some pages you can't, I don't know why. So it seems like it should be all functionalities there.
- Some of the bank feeds have broken quite a bit and I'm not sure why. So we have to constantly go in there and readjust that on the reconciliation tab. I know that's new and robust and it's going well. It's more of taking out GL data instead of what's remaining in that account. As far as if I'm looking at a rec for a particular asset, I know there's GL data that goes through there. What I want to know is what's the balance in that account made up of as far as what's remaining there. So that's the kind of stuff I would buy with advice.
NetSuite ERP Review
- We really like the advanced manufacturing portion. It assists us with scheduling our product.
- We're already implementing the CPQ a little bit and it seems to be working a lot smoother than our current CPQ system, so it's very helpful that it's native and that we can manipulate things just right there in NetSuite.
NetSuite ERP Review
- NetSuite has several different UI ways that a user can go in and pull reporting on a whole bunch of different databases without having to call somebody in IT to generate a report.
- NetSuite has a bunch of ways where you can pull reports like save searches, and there are limitations on how many links you can go to get that data. Rather than make save searches work, they just create a new module instead of making the old module work. So now I have to learn this one and that one.
NetSuite ERP
- One thing that I've used it personally is when we moved into Canada there was a need to do different things on our invoicing for our customers. They needed to see our registration numbers and some specific requirements for that market. So one of the things we were able to do pretty quickly was create new PDF forms to print for our Canadian customers so that we would be in compliance.
- This probably is a misunderstanding because I've only been in there 8 months, but one of the things that takes us more time than we'd like is just getting our banking stuff wrapped up, and that's a project we've got going on with a third party to help us to get that talking to each other, to at least get it a little automated to help us move a little faster.
NetSuite ERP Review
- From a reporting standpoint, actually the subsidiary navigator and all those sorts of elements. It's the best on the market from a financial tool perspective. Then looking at a bit further in terms of the reporting and then the analytics side. It's absolutely phenomenal in terms of actually what data we can get on a day-to-day basis and make agile decisions.
- My main frustration at the moment, to be honest, is our client base who are mid-market. So the problem is that all the suite apps and things like that have been developed such as smart count rebates and trade promotions, cash 360, item 360, however, you have to be one well enabled to be able to use them. Our mid-market customers, therefore, if they're just a single lens team miss out and that actually causes them to be version-locked. And that is the one thing NetSuite promises it won't be. It's always supposed to be the single source of truth that everyone's on the latest release. This, in my opinion, impacts that. So actually having an option where people in that situation would almost be entitled to a heavy discount on one well, which instead needs to actually be able to utilize that functionality is only right, to be honest.
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.
The Suiteness Works
Client Invoicing/Payment
AP
FAM
NSPB
- Financial Accounting and Reporting
- UpTime
- Saved Search
- Predictive/Insights but that is coming
- Approval Workflow without being a NetSuite ERP user
- Integration with Outlook
NetSuite ERP Review
- The flexibility of adding data fields has allowed us to capture additional specific information that helps us when analyzing transactions and preparing financial statements.
- The scripts that can be created within NetSuite ERP allows us to process AP vendor bill transactions with minimal manual intervention, and auto generates the required intercompany JEs for us.
- The Suite answer area and community forums have been helpful when I need to reach out for assistance and troubleshooting, before reaching out to NetSuite ERP support.
- I believe the reporting feature within NetSuite ERP is not as robust as we would have liked. In my opinion, it would be ideal to have canned reports that provide the level of detail needed, without having to put as much effort into developing custom reports.
- We are looking to expand in the use of some areas, specifically AP and PO modules. We started a conversation with NetSuite ERP and received a demo. I've found It is not easily identifiable which features are part of the standard package versus their premium package. I know we will get a quote but I believe is nice to understand during the demo part which features are standard versus a premium.
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.
JOOLA at SuiteWorld
- Product Management
- Order Management & Invoicing
- Demand and Supply Planning
- Landed Cost Allocation Automation
- WMS
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.
Netsuite ERP is a great product
- The saved searches are a great way to look up and view large amounts of specific data.
- The fixed assets module is a great way to track our assets.
- The CSV uploads are an easy way to import large amounts of data.
- The allocation schedules. Currently we have to calculate the percentages and manually add to each allocation line. There really should be an option to equally distribute 100% amongst all allocation lines.
User Friendly
- The search feature is excellent.
- Uploading journal entries is very easy and quick.
- It runs pretty fast and rarely has outages/slowdowns.
- Data import works well and rarely has issues.
- Maybe send emails with tips and tricks? Or maybe I am just not signed up for them.
NetSuite Good, but will improve
- Financials
- Order Management
- Projects
- Fixed Assets
- E-Invoicing
- Support
Awesome
We also have Mavenlink integration with NetSuite which handles project, task and time for professional services. General ledger is automatically calculated on top of the Salesorders and most of our Accounting tasks are manual today. We are in process to automate and streamline the accounting and finace departments. Avalara is our tax calculation tool which is integrated with NetSuite for tax calculation on SO, invoices and so on and so forth. QE close is cut down from 15 days to 8 days with internal automations on NetSuite but we are also looking to maximize the dashboards and Saved searches to cutdown the time to 5 days.
- Accounting
- Finance
- Saved Searches
- Suite Scripts
- Dashboards
- AI
- Out of the box messaging
- Integrations