NetSuite ERP - the (pricey) Standard for ERPs
March 19, 2024
NetSuite ERP - the (pricey) Standard for ERPs
Score 9 out of 10
Vetted Review
Verified User
Software Version
NetSuite Mid-Market edition
Modules Used
- Fixed Asset Module
- ODBC
- OneWorld (multi-country and multi-currency)
- Revenue Recognition
- NetSuite CRM
- AdvancedFinancials
- Advanced Inventory
Overall Satisfaction with NetSuite ERP
I have implemented NetSuite ERP 3 times in various companies. We have used all of the standard modules, AP, AR, etc. Additionally, I have used the one world (multi-subsidiary) module, ARM module and Fixed Assets module.
These have primarily been at healthcare or healthcare adjacent companies and have been in light manufacturing, and consulting environment. I have typically been the super user and project manager for these implementations.
These have primarily been at healthcare or healthcare adjacent companies and have been in light manufacturing, and consulting environment. I have typically been the super user and project manager for these implementations.
- Ease of use
- Multi Subsidiary/Currency
- Source of Truth/System of Record
- Managerial Accounting
- Multi-dimensional GLs
- NetSuite ERP is good at everything, but not the best
- Each module costs incrementally more, even if you don't use it all
- Customizations generally require a consultant and scripting
- Negative: it is easy to use NetSuite ERP as a data dump, minimizing ROI
- Negative: it lacks robust planning/forecasting abilities/scenario management
- Positive: it's out of the box solution forces questions on best practice and usually leads to positive accounting changes
More controls
Better reporting
Easier Multi-Subsidiary
Easier Fixed Assets
Easier Rev Rec
Better reporting
Easier Multi-Subsidiary
Easier Fixed Assets
Easier Rev Rec
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?
No
Would you buy NetSuite ERP again?
Yes