TrustRadius
The sky is the limit, but some challenges along the way
https://www.trustradius.com/erpNetSuiteUnspecified7.4323101
Joshua Henke profile photo
June 27, 2018

The sky is the limit, but some challenges along the way

Score 8 out of 101
Vetted Review
Verified User
Review Source

Software Version

NetSuite Mid-Market edition

Modules Used

  • AdvancedFinancials
  • Fixed Asset Module
  • ODBC
  • Recurring Billing
  • Revenue Recognition
  • SuiteBilling
  • Advanced Revenue Management

Overall Satisfaction with NetSuite

Primarily used by our Finance and Accounting group, but there is a blurred line for employees who need to submit or request financially-related information. It's our General Ledger, AR, AP, and Fixed Assets Management system, so we bill, are billed, and communicate with relevant parties through the system. Further, we have customized it to connect with our data warehouse, Salesforce, WorkDay and various other systems to pass data out and in; some of the "out" is for reporting or connecting to "point solution" systems while some of the "in" is to support the FinAcct work (e.g. bookings, projects, expenses).
  • Connecting various sets of information (tables) and displaying them in a logical manner in the interface is one of the best things about NetSuite. Customers and their transactions, Contacts (people), addresses, messages and support cases can be easily viewed in many ways, including from the customer record, the customer "dashboard" or queries (saved searches). This is typically in a "list view," wherein columns/fields can be added or removed and shuffled.
  • Customization! Some people are afraid of this, but there is so much power in shaping the system to your needs. Tweaking just the layout of a customer or transaction form can improve efficiency and reduce stress. Add a field to a Contact record to better distinguish certain people. Recently, I created a custom record/object type that serves as an integration "middle-ware" of sorts to allow Boomi to connect to the system which then connects to an area of the system not yet accessible via web services or ODBC.
  • While it isn't great at everything it does, it does a lot well. Just the fact it can do so many things at least okay is a huge plus. I think companies underestimate the value in having a large chunk of their back office sitting in one system essentially integrated automatically.
  • Consolidated invoicing. Generally, I think it's not a problem for NetSuite customers, and the potential, infrequent multiple invoicing to a given customer is likely okay. However, there may be instances producing 3 or more invoices per month for a given customer. The only consolidation solution offered is their homegrown "SuiteSolution" called Consolidated Invoicing. I don't use it but have had demos and discussions. Really need something slicker.
  • Fixed Assets Management. I use their SuiteSolution, Fixed Assets Management. It's not part of core NetSuite so there are inconsistencies with the rest of the system, some performance annoyances, and weaker reporting capabilities. It's a better product than other fixed asset solutions I've tried!
  • A very recent frustration of mine is that it is not possible without customization to display tax amounts per line in a transaction. This should be native. The per-line tax amount is available in a saved search; the per-line tax rate is available to display on the transaction; the tax amount can be displayed in the PDF generated. Why not show the amount in the system? Fortunately, it's easy to create a custom field/column that multiplies tax rate with an amount to give you tax amount. Pretty minor in the scheme of things, but fresh in my mind.
  • Stress levels WAY down since dumping our previous Billing system and installing SuiteBilling. The ease of navigating, viewing data in sensible places, reporting and having more data in one place has made many of my users use words like "amazing" and "what a relief." Don't underestimate worker stress and enjoyment of their tool.
  • Fewer vendors and products to manage and to integrate. I oversee 10+ financially-related applications and their vendors. Dealing with the nuances of the contracts, the products and the people with whom I must deal (sales, support, product management) adds a lot of time and complexity. It also reduces the challenge of my SOX-related efforts.
  • Auditors and those of us supporting SOX-related efforts LOVE NetSuite, especially compared to other systems. The controls and auditing available are indispensable, whether it's to keep us accountable to ourselves or to the auditors.
  • Not a member of any user groups
I don't consider myself an active member of any user groups at this time.
Zuora - does one thing and not that well. The best thing about it is consolidated invoicing. It's a point solution that thinks it's a platform. It's difficult to navigate, the navigation doesn't make much sense, and any customization is really just a deceptive crutch. NetSuite is a stark contrast in those areas. Still, I would be remiss not to mention there are a number of minor nuances in Zuora we prefer over NetSuite's SuiteBilling module; some of them add up to noteworthy, but, in the scheme of things, NetSuite is a much better tool and SuiteBilling is maturing.

Salesforce - it's a self-perpetuating marketing machine. It's not a bad product, but the praise and popularity are, in my opinion, grossly disproportionate to reality. It's like any other hot brand, and there are products as good or better. NetSuite doesn't beat it in a lot of areas but it is a contender in most, and better in a number of areas. Salesforce's reporting capabilities are weaker (I say clumsy) compared to NetSuite; neither are reporting tools, but NetSuite goes a long way. Perhaps it's because NetSuite is Oracle SQL based and Salesforce kinda made their own flavor. NetSuite chose a better path with their API being Javascript based, where Salesforce is an overly complicated path. Relating records (as mentioned earlier in my review) and then actually viewing them is a strange thing in Salesforce that I think NetSuite makes very easy.
As a huge fan and advocate of single (or few) systems, I think NetSuite is a great solution for most 30+ employee companies that have a need to operate in the cloud. The cost and effort to integrate multiple systems (even if they're really good point solutions) rarely outweighs the value of a single system.

NetSuite Feature Ratings

Accounts payable
7
Accounts receivable
8
Global Financial Support
8
Primary and Secondary Ledgers
8
Intercompany Accounting
8
Localizations
8
Journals and Reconciliations
8
Enterprise Accounting
8
Configurable Accounting
7
Centralized Rules Framework
7
Standardized Processes
8
Automated Invoice Processing
8
Shared Services Payments
Not Rated
Billings Management
7
Customer Receipt Applications
8
Customer Collections
7
Revenue Recognition
8
Cash Management
8
Asset Management
6
Travel & Expense Management
4
Budgetary Control & Encumbrance Accounting
Not Rated
Period Close
7
Transactions Tax
Not Rated
Subledger Reconciliations
7
3rd Party Accounting Systems
Not Rated
Inventory tracking
Not Rated
Automatic reordering
Not Rated
Location management
Not Rated
Manufacturing module
Not Rated
Pricing
Not Rated
Order entry
7
Credit card processing
Not Rated
Cost of goods sold
Not Rated
Order Orchestration
Not Rated
End-to-end order visibility
8
Order exception Resolution
Not Rated
Pay calculation
Not Rated
Benefit plan administration
Not Rated
Direct deposit files
Not Rated
Salary revision and increment management
Not Rated
Reimbursement management
Not Rated
Dashboards
8
Standard reports
7
Custom reports
8
API for custom integration
9
Plug-ins
8
Role-based user permissions
9
Single sign-on capability
9
Award Lifecycle Management
Not Rated
Spending Control
Not Rated
Indirect Cost Management
Not Rated
Billing
Not Rated
Budgeting and Forecasting
Not Rated
Project Costing
Not Rated
Cost Capture
Not Rated
Capital Project Management
Not Rated
Customer Invoicing
Not Rated
Customer Contract Compliance
Not Rated
Project Revenue Recognition
Not Rated
Project Financial Performance Analysis
Not Rated
Project Financials Dashboard
Not Rated
Real-time Financial Reporting
Not Rated
Embedded Business Intelligence
Not Rated
Project Planning Collaboration
Not Rated
Project Planning and Scheduling
Not Rated
Project Manager Dashboard
Not Rated
Resource Manager Dashboard
Not Rated
Task Insight for Project Managers
Not Rated
Project Manager Mobile Functionality
Not Rated
Team Member Task Collaboration
Not Rated
Team Member Mobile Functionality
Not Rated
Project Candidate Search
Not Rated
Project Candidate Comparison and Analysis
Not Rated
Defineable Resource Pools
Not Rated
Defineable Resource Pools
Not Rated
Talent Profiles
Not Rated
Real-Time Project Reporting
Not Rated
Absence Management
Not Rated
Product Lifecycle Management
Not Rated
Sourcing Team Collaboration
Not Rated
Sourcing Analysis
Not Rated
Bids Analyzed and Compared
Not Rated
Catalog Shopping E-Commerce for Employees
Not Rated
Contract Authoring
Not Rated
Contract Compliance Management
Not Rated
Contract History
Not Rated
Contract Renewal Automation
Not Rated
Contract Repository
Not Rated
Contract Standardization and Enforcement
Not Rated
Electronic Signatures
Not Rated
Invoice Automated Matching
Not Rated
Purchasing Risk and Compliance Management
Not Rated
Requisitions-to-Purchase Orders Integrated
Not Rated
Spend Compliance Management
Not Rated
Supplier Assessment
Not Rated
Supplier Communication and Collaboration
Not Rated
Supplier Management
Not Rated
Supplier Portal
Not Rated
Risk Repository
Not Rated
Control Management
Not Rated
Control Mapping
Not Rated
Control Efficiency Assessments
Not Rated
Automated Control Assessments
Not Rated
Assessment Capture
Not Rated
Issue Detection
Not Rated
Automatic Notification
Not Rated
Remediation and Certification
Not Rated
Transportation Planning and Optimization
Not Rated
Transportation Sourcing Management
Not Rated
Transportation Process Integration
Not Rated
Transportation Execution Management
Not Rated
Freight Payment Automation
Not Rated
Trade Management
Not Rated
Trade Regulatory Compliance Management
Not Rated
Customs Entry Management
Not Rated
Customs Document Management
Not Rated
Customs Document Collaboration
Not Rated
Fulfillment Management
Not Rated
Inventory Visibility
Not Rated
Warehouse Workforce Management
Not Rated
Production Process Design
Not Rated
Supply Chain Business Flows
Not Rated
Production Management
Not Rated
Contracted Manufacturing Management
Not Rated
Configuration Management
Not Rated
Work Definition
Not Rated
Work Execution
Not Rated
Advanced Fulfillment
Not Rated
Manufacturing Costs
Not Rated
Forecasting
Not Rated
Inventory Planning
Not Rated
Multi-tier Supply Chain Planning
Not Rated
Performance Monitoring
Not Rated
Ideation Management
Not Rated
Requirements Management
Not Rated
Proposal Management
Not Rated
Innovation Portfolio Management
Not Rated
Product Master Data Management
Not Rated
Vendor Portal
Not Rated
Project Portfolio Management
Not Rated