Item: NetSuite ERP
Rating: 10
Author: Priya Goel

Use Cases and Deployment Scope

We use it for all ofthe financial transactions from ledger to purchase orders to invoice processing approvals and end-to-end income statement preparation or the cash flow and balance sheet report outs to the end-to-end primarily from the CFO's reporting point of view. That's how we are using NetSuite. Quickly searching up any of the transactions quickly, searching up different vendors, and their history in terms of what type of POS we have requested for them. And then also foremost financial data is all in there, which is very easy to search. And I think I have used other tools so far. I mean I know three months is a little short time, but still, with so much industry experience I would say NetSuite definitely has a search capability.

Pros and Cons

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.

Return on Investment

A lot because one is, it really tells you accurate and timely information with any, and then I mean once the better the product is, you're able to close your books quickly and report out and then move into the analysis and then help with the decision-makers. And when I'm talking about decision makers, it's starting with the CFO, CSOs and all the way up to the board. That's the source of our data.

Alternatives Considered

Oracle Fusion Cloud ERP

As I said, SAP and Oracle Fusion are the ones that I've used in the past. I feel NetSuite is definitely superior in a lot of ways. First UI and then search capabilities. And then I think the back engine probably works really better. That's why it's quicker, and faster, and you are able to get to the details way sooner than you.

Key Insights

Do you think NetSuite ERP delivers good value for the price?

Yes

Are you happy with NetSuite ERP's feature set?

Yes

Did NetSuite ERP live up to sales and marketing promises?

Yes

Did implementation of NetSuite ERP go as expected?

I wasn't involved with the implementation phase

Would you buy NetSuite ERP again?

Yes

Likelihood to Recommend

I have used Oracle Fusion. I've used SAP, but I think it's UI definitely. And I say it's very intuitive and most favorite. Again, drilling down, you don't need to run multiple sources and then get to the point that is the key feature, which we use heavily and it's very important. I think anybody who needs good financials and good data integration ends up reporting. I'll talk only from the finance point of view if you need a good reporting dashboard and timely close, that's the best use case. If the business is too small and they do not have very, I mean not much to do, obviously, these tools are expensive, then why not keep it in your Excel and a smaller size organization and decide about?

NetSuite ERP Review

Software Version

Overall Satisfaction with NetSuite ERP