Item: NetSuite ERP
Rating: 9
Author: Verified User

Use Cases and Deployment Scope

We use NetSuite ERP for our annual close process, including our monthly client billing and the automatic amortization feature. NetSuite ERP helped us cut down the monthly closing process from three weeks to one week. NetSuite ERP also takes care of the control process of approving journal entries which our auditors do testing on.

Pros and Cons

The cloud platform is always online for us
NetSuite ERP is very quick when it comes to completing tasks
NetSuite ERP also provides us the ability to customize various re

It would be great if NetSuite ERP had an account reconciliation feature
More plug-ins to different software providers would be great
If we could connect up to our banking platforms that would make cash reconciliations better

Return on Investment

Cost of implementation was very low compared to other ERP systems
Faster closing times have led to quicker reporting to senior management
We did purchase FloQast to track our close process because NetSuite ERP does not have such a feature

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?

Yes

Would you buy NetSuite ERP again?

Yes

Other Software Used

FloQast, Quadient Accounts Receivable, Carta

Likelihood to Recommend

NetSuite ERP is great for a smaller growing company that has outgrown it's current smaller ERP system like Quickbooks. The one big benefit to NetSuite ERP is that it does not take a lot of time to set-up and implement it like other ERP systems. I would not recommend NetSuite ERP to large global companies with complicated accounting.

NetSuite ERP is very easy to use and has a low cost to implement

Software Version

Modules Used

Overall Satisfaction with NetSuite ERP