Item: NetSuite ERP
Rating: 8
Author: Verified User

Use Cases and Deployment Scope

Currently use it to manage transactions processing, basic financial reporting, balance sheet, and cash flow. Implementing budgeting and forecasting processes to add business value to the organization.

Pros and Cons

Financial Reporting
Vendor management
Journal entries

Project module
After implementation user support
Data field management

Return on Investment

Forces accountability across all departments.
Provides timely visibility into business performance.
Removes confusion over financial management and sources of data.

Membership in Oracle User Groups

Alternatives Considered

Oracle BPM Suite, SAP BPC (Business Planning and Consolidation), SAP Business Warehouse (SAP BW), formerly SAP NetWeaver Business Warehouse and Oracle Hyperion Enterprise Performance Management

NetSuite was a better fit for this particular client because it had the right mix of flexibility and process controls that the client needed. SAP, Hyperion, and Oracle are not as user-friendly in the screen navigation and many of the finance staff here are new to ERP systems. It was an easier transition. Oracles and SAP have more robust reporting capabilities, but NetSuite reports are very capable and also easy to use. NetSuite reporting lacks an easy way to do a data drop of details into MS Excel to facilitate analysis but otherwise is a very useful ERP solution.

Likelihood to Recommend

NetSuite is very helpful for growing companies to aggregate financials into a single source of activity. It helps companies that aspire to go public to implement controls and processes needed to manage the scrutiny of audits. NetSuite is not as useful for users abroad that do not provide post go-live support. It manages currencies well, but SME's in other countries are often confused about functionality.

NetSuite good fit for growing companies

Software Version

Modules Used

Overall Satisfaction with NetSuite ERP