Great system for up and coming companies to grow into an enterprise application
Updated May 23, 2022

Great system for up and coming companies to grow into an enterprise application

Anonymous | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User

Software Version

NetSuite Enterprise Edition

Modules Used

  • AdvancedFinancials
  • OneWorld (multi-country and multi-currency)
  • Revenue Recognition

Overall Satisfaction with NetSuite

NetSuite is our single book ERP of record. We have bookkeepers from multiple countries entering info and our HQ finance team does the consolidation. We use it for financial statement and AR directly. Then, we leverage 3rd party integrations for AP, HR, CRM, and financial planning.
  • Configurable dimensions and subsidiary structure.
  • Vast 3rd party integration universe.
  • Ease of use for admins.
  • Documentation on reporting lacking.
  • Managing multiple profiles for end users can be difficult.
  • Allows users to save universal reports, can get disorganized without tight internal controls.
  • 100% adoption in about 4 months.
  • Helped us do our first global monthly close.
  • Easy to integrate acquisitions.
  • Not a member of any user groups
NetSuite is as fully featured as other providers at a more competitive price. Easiest to implement versus some of the largest providers. Has a robust network of 3rd party consultants to draw upon for implementation and to hire into the office of finance.
Netsuite offers straightforward implementation with the help of experienced users and/or consultants. Great ERP for a standard financial use case. We do not use other modules like purchasing, AP, e-commerce, or CRM. With the Oracle acquisition, there is some product overlap/confusion between the two providers. It is well suited for mid-size and growing enterprises.

NetSuite ERP Feature Ratings

Accounts payable
7
Accounts receivable
7
Global Financial Support
8
Primary and Secondary Ledgers
8
Journals and Reconciliations
8
Configurable Accounting
8
Standardized Processes
8
Billing Management
Not Rated
Cash and Asset Management
Not Rated
Travel & Expense Management
Not Rated
Budgetary Control & Encumbrance Accounting
Not Rated
Period Close
8
Inventory tracking
Not Rated
Automatic reordering
Not Rated
Location management
Not Rated
Pricing
Not Rated
Order entry
Not Rated
Credit card processing
Not Rated
Cost of goods sold
Not Rated
Order Orchestration
Not Rated
Pay calculation
Not Rated
Benefit plan administration
Not Rated
Direct deposit files
Not Rated
Dashboards
6
Standard reports
7
Custom reports
9
API for custom integration
10
Plug-ins
9
Role-based user permissions
10
Single sign-on capability
10
Award Lifecycle Management
Not Rated
Project Costing
Not Rated
Cost Capture
Not Rated
Capital Project Management
Not Rated
Customer Contract Compliance
Not Rated
Project Revenue Recognition
Not Rated
Project Planning and Scheduling
Not Rated
Task Insight for Project Managers
Not Rated
Project Mobile Functionality
Not Rated
Definable Resource Pools
Not Rated
Not Rated
Bids Analyzed and Compared
Not Rated
Contract Authoring
Not Rated
Contract Repository
Not Rated
Requisitions-to-Purchase Orders Integrated
Not Rated
Supplier Management
Not Rated
Risk Repository
Not Rated
Control Management
Not Rated
Control Efficiency Assessments
Not Rated
Issue Detection
Not Rated
Remediation and Certification
Not Rated
Not Rated
Transportation Planning and Optimization
Not Rated
Transportation Execution Management
Not Rated
Trade and Customs Management
Not Rated
Fulfillment Management
Not Rated
Warehouse Workforce Management
Not Rated
Not Rated
Production Process Design
Not Rated
Production Management
Not Rated
Configuration Management
Not Rated
Work Execution
Not Rated
Manufacturing Costs
Not Rated
Not Rated
Forecasting
Not Rated
Inventory Planning
Not Rated
Performance Monitoring
Not Rated
Proposal Management
Not Rated
Product Master Data Management
Not Rated