Overview
What is NetSuite ERP?
NetSuite is a suite of ERP and accounting modules which is sold in various editions aimed at different size customers. The multi-country, multi-currency version is an additional module called OneWorld. Netsuite is a SaaS system and is not offered in…
NetsSuite is good if you can taylor your business process to the platform
NetSuite ERP gets the job done, and then some
Love NetSuite!
Effective, adaptable ERP solution.
NetSuite ERP can be great with a good partner
NetSuite ERP review
Ryan's NetSuite Review.
NetSuite ERP is the only way to go, if you are a growing company!
Give your CFO a break from complex upgrades; NetSuite ERP is cloud-first from the start
Netsuite is the premier accounting tool
Powerful but Pricey
NetSuite ERP review
Classic ERP, clunky but functional
Awards
Products that are considered exceptional by their customers based on a variety of criteria win TrustRadius awards. Learn more about the types of TrustRadius awards to make the best purchase decision. More about TrustRadius Awards
Popular Features
- Accounts payable (267)8.383%
- Billing Management (203)8.383%
- Accounts receivable (246)8.282%
- Order entry (215)8.080%
Reviewer Pros & Cons
Video Reviews
9 videos
Pricing
What is NetSuite ERP?
NetSuite is a suite of ERP and accounting modules which is sold in various editions aimed at different size customers. The multi-country, multi-currency version is an additional module called OneWorld. Netsuite is a SaaS system and is not offered in an on-premise edition.
Entry-level set up fee?
- No setup fee
Offerings
- Free Trial
- Free/Freemium Version
- Premium Consulting/Integration Services
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Alternatives Pricing
What is Odoo?
Odoo, from the Belgium-headquartered multinational company of the same name, is a suite of business applications for managing the sales pipeline. It also comprises a PoS and inventory management modules, scaling to a warehouse or retail management solution.
What is Genius Solutions?
Genius Solutions delivers a complete enterprise resource planning (ERP) solution, including software, implementation services, and field expertise for small to mid-sized custom manufacturers across the US and Canada. Genius ERP is built for SME manufacturers handling make-to-order, engineer-to…
Features
Payroll Management
Provides for pay calculation and benefit plan administration, in addition to managing direct deposit, salary revisions and payroll tracking.
- 1Pay calculation(13) Ratings
Pay calculation provides for computation of employee pay with state and federal deductions.
- 1Benefit plan administration(10) Ratings
Benefit plan administration is administration of health insurance plans and 401k plans, and other benefits.
- 1.3Direct deposit files(9) Ratings
Direct deposit is the ability to electronically transfer pay to an employee’s personal bank account.
Customization
This addresses a company’s ability to configure the software to fit its specific use case and workflow.
- 9.2API for custom integration(64) Ratings
An API (application programming interface) provides a standard programming interface for connecting third-party systems to the software for data creation, access, updating and/or deletion.
- 9.7Plug-ins(47) Ratings
A number of third-party plug-ins are available to expand the core functionality of the software.
Security
This component helps a company minimize the security risks by controlling access to the software and its data, and encouraging best practices among users.
- 9.4Single sign-on capability(62) Ratings
The software system supports a centralized authentication mechanism allowing the user to access multiple systems with a single, centrally managed password.
- 9.4Role-based user permissions(80) Ratings
Permissions to perform actions or access or modify data are assigned to roles, which are then assigned to users, reducing complexity of administration.
Reporting & Analytics
Users can report on and analyze usage, performance, ROI, and/or other metrics of success.
- 9.6Dashboards(71) Ratings
Users can create, customize and share dashboards, which provide an overview of the most important metrics.
- 9.6Standard reports(70) Ratings
The software offers pre-built reports with metrics standard to the category.
- 9.6Custom reports(70) Ratings
Users can create custom reports.
General Ledger and Configurable Accounting
Financial management solution, including capabilities for general ledger and configurable accounting
- 8.3Accounts payable(267) Ratings
This includes the automation and tracking of payment to vendors and suppliers, with features such as payment scheduling, check printing, open purchase order alerts, document management, direct ACH bill payment, and vendor records.
- 8.2Accounts receivable(246) Ratings
This includes the management and automation of invoices and collections, with features like statements, invoices, receipts, payment reminders, customer records, auto billing, and refund checks.
- 9.7Global Financial Support(26) Ratings
Account using multiple ledgers, multiple currencies, and multiple entities
- 9.7Primary and Secondary Ledgers(28) Ratings
Record and report across multiple currencies and accounting standards with primary and secondary ledgers
- 9.2Journals and Reconciliations(41) Ratings
Automate and synchronize ledgers and processes
- 9.7Configurable Accounting(35) Ratings
Configure accounting rules and segments for each chart of accounts
- 9.7Standardized Processes(37) Ratings
Centralize financial management to facilitate standardized financial processes
Inventory Management
The ability to track and manage the flow of goods or materials into and out of an inventory.
- 9.9Inventory tracking(47) Ratings
The software syncs orders and stock to maintain a real-time picture of inventory and supports multiple methods such as LIFO and FIFO.
- 8.8Automatic reordering(28) Ratings
The software can be set up to automatically reorder a good when it falls below a certain threshold.
- 9.4Location management(35) Ratings
The software can track multiple goods across multiple locations.
Order Management
The ability to process orders, and track them from quote to cash.
- 9.6Pricing(53) Ratings
Users can set up complex and unique pricing requirements.
- 8Order entry(215) Ratings
Users can enter an order once, and the data flows to all the necessary units such as fulfillment and billing.
- 8.7Credit card processing(37) Ratings
The software facilitates credit card processing.
- 9.1Cost of goods sold(48) Ratings
The software calculates the direct costs attributable to a finished product, such as materials and labor, and includes roll-up pricing.
- 9.7Order Orchestration(21) Ratings
Define and execute order fulfillment processes for products as well as services on the same order.
Subledger and Financial Process
Revenue management solution including capabilities for subledgers and financial processes
- 8.3Billing Management(203) Ratings
Access role-based billing work area, perform discrete and recurring billing
- 9.7Cash and Asset Management(27) Ratings
Manage liquidity and cash requirements, asset transfers, disposals, reclassifications, and financial adjustments
- 9.2Travel & Expense Management(31) Ratings
Enter expenses from mobile devices, integrate credit card and travel booking, configure policy enforcement
- 8.8Budgetary Control & Encumbrance Accounting(27) Ratings
Control spending at any budget level or time interval
- 9.7Period Close(35) Ratings
Sustain fast close with integrated subledgers, intuitive dashboards, embedded collaboration
Project Financial Management
Project financial management solution including capabilities for project budgeting, cost control, billing and contract management.
- 5.9Budgeting and Forecasting(26) Ratings
Establish project budgets and forecast future project financials
- 5.9Project Costing(23) Ratings
Standardize, track, and control costs at all project phases
- 5.9Cost Capture(22) Ratings
Capture costs including those for procurement, financials or time and labor, including from external systems
- 4Capital Project Management(14) Ratings
Track and manage capital asset costs
- 9.7Customer Contract Compliance(13) Ratings
Associate projects or tasks with customer contracts, and lines within contracts, to meet billing terms
- 6.8Project Revenue Recognition(22) Ratings
Recognize project contract revenue in line with accounting policies and regulations
Project Execution Management
Project execution management solution including capabilities for project scheduling, resource management, and team member task management.
- 8.8Project Planning and Scheduling(14) Ratings
Interactive Gantt chart for establishing tasks, durations, and delivery schedule
- 3.3Task Insight for Project Managers(11) Ratings
Project manager visibility into task progress of team members
- 3Project Mobile Functionality(10) Ratings
Capabilities for project functions such as updating and monitoring task progress and timecards from mobile devices
- 3.6Definable Resource Pools(8) Ratings
Definable and hierarchical resource pools of potential project resources
Grants Management
Grants management solution for higher education, public sector, or non-profits with capabilities for managing financial awards for program and project funding
- 3.5Award Lifecycle Management(7) Ratings
Manage the life of program funding awards from initial funding to close-out
Procurement
Procurement management solution with capabilities for sourcing, contracting, procure-to-pay and supplier management
- 3.5Bids Analyzed and Compared(8) Ratings
Evaluate, compare and recommend across multiple bids in real-time using diverse user selected criteria and graphical analytics
- 1.9Contract Authoring(10) Ratings
Document authoring with guided navigation, negotiation templates and productivity tools for reviews and collaboration
- 3.5Contract Repository(8) Ratings
Secure and searchable contract repository leveraging standard company language components, structures and formats
- 3.6Requisitions-to-Purchase Orders Integrated(13) Ratings
Create touchless purchases using purchase orders generated automatically per rules from approved requisitions
- 9.8Supplier Management(13) Ratings
Broadly manage and report comprehensive supplier profiles, capabilities and performance; identify bottlenecks; balance allocations, workloads
Risk Management
Risk management solution with capabilities for managing controls, assessing control effectiveness, certifying controls, and addressing deficiencies
- 3.5Risk Repository(8) Ratings
Idenity, document, and manage business risks in a unified repository
- 1.9Control Management(11) Ratings
Establish and update risk and controls matrix, control test plans, and instructions
- 3.5Control Efficiency Assessments(7) Ratings
Assess control effectiveness on criteria such as geography, business unit, compliance requirements, etc
- 3.5Issue Detection(8) Ratings
Detect and create issues as part of the assessment flow
- 3.5Remediation and Certification(8) Ratings
Create and update remediation plans and certify controls
Logistics
Logistics solution with capabilities for transportation planning, transportation execution, trade compliance, customs management, warehouse management and warehouse workforce management.
- 2.8Transportation Planning and Optimization(9) Ratings
Plan shipments across all modes of transportation via lowest costs/highest service
- 2.8Transportation Execution Management(8) Ratings
Execute and track shipping orders
- 2.8Trade and Customs Management(8) Ratings
Manage duties, tax rates, customs documents, and other data required for products shipped in and to specified countries
- 9.7Fulfillment Management(14) Ratings
Support for multi-channel demand and execution fulfillment processes
- 2.5Warehouse Workforce Management(11) Ratings
Set goals, measure actuals, and analyze productivity for warehousing tasks and activities
Manufacturing
Manufacturing solution for managing manufacturing processes and costs.
- 8.8Production Process Design(12) Ratings
Define data for plant hierarchy, process standards, work areas, calendars and standard operations
- 8.8Production Management(14) Ratings
Centralized critical status information for production supervisors
- 9.7Configuration Management(10) Ratings
Capture and process customer configuration orders
- 9.7Work Execution(12) Ratings
Monitor procution status, manage work orders for standard and non-standard production, enforce tight controls on serialized products
- 8.8Manufacturing Costs(14) Ratings
Estimate, plan and monitor costs and variances by plant. Capture resource costs using standard, actual, LIFO, FIFO or multiple costing methods.
Supply Chain
Supply Chain Planning solution with capabilities for planning, performance monitoring, change responses and execution.
- 8.3Forecasting(17) Ratings
Statistically forecast based on historical patterns and sales input, monitor accuracy and estimate new demand
- 7.4Inventory Planning(137) Ratings
Establish projected inventory levels, monitor actual levels and compare with projected levels
- 8.8Performance Monitoring(14) Ratings
Analyze business metrics and compare actual performance to plans, identify issues, prioritize demands and respond to changes
Product Lifecycle Management
Product Lifecycle Management solution with capabilities for innovation management, product development
- 2.6Proposal Management(10) Ratings
Capture budget, resource, and benefit expectations for proposals
- 3.2Product Master Data Management(9) Ratings
Create, classify, and manage product items, BOMs and product changes
Product Details
- About
- Integrations
- Competitors
- Tech Details
- FAQs
What is NetSuite ERP?
NetSuite ERP Features
General Ledger and Configurable Accounting Features
- Supported: Accounts payable
- Supported: Accounts receivable
Subledger and Financial Process Features
- Supported: Billing Management
Order Management Features
- Supported: Order entry
Project Financial Management Features
- Supported: Capital Project Management
Supply Chain Features
- Supported: Inventory Planning
NetSuite ERP Screenshots
NetSuite ERP Integrations
- Act-On Software
- Arena BOMControl
- HubSpot Marketing Hub
- Zuora
- Phocas Business Intelligence
- Makesbridge
- Salesforce Marketing Cloud
- CallidusCloud LeadRocket (discontinued)
- ServiceTrade
- SAP CLM, discontinued, duplicate
- Tipalti
- Axiom Software by Syntellis Performance Solutions
- ClientPoint
- Bronto Marketing Platform (discontinued)
- Quickbase
- UKG Pro
- Salesforce Marketing Cloud Interaction Studio, on marketing cloud
- Emburse Nexonia
NetSuite ERP Competitors
NetSuite ERP Technical Details
Deployment Types | Software as a Service (SaaS), Cloud, or Web-Based |
---|---|
Operating Systems | Unspecified |
Mobile Application | Apple iOS, Android, Mobile Web |
Frequently Asked Questions
Comparisons
Compare with
Reviews and Ratings
(1191)Attribute Ratings
- 9.2Likelihood to Renew49 ratings
- 9Availability16 ratings
- 8Performance15 ratings
- 8.6Usability232 ratings
- 7.1Support Rating216 ratings
- 6.4Online Training10 ratings
- 7.3In-Person Training2 ratings
- 6.3Implementation Rating17 ratings
- 8.7Configurability5 ratings
- 9Product Scalability8 ratings
- 7.3Ease of integration3 ratings
- 5Vendor pre-sale1 rating
- 4.8Vendor post-sale2 ratings
- 7.3CPA Rating1 rating
Reviews
(1-25 of 373)NetSuite ERP review - 6.17.24
- Ease of posting and editing journals
- Immediate trial balance and financial review during close
- Cash transaction accounting and posting
- WMS - inventory valuations
- WMS - sale order costing
- JPMChase plug-in from FISPAN - limited functionality
- Financials
- Order taking and tracking
- Ecommerce
- Manufacturing
- Ecommerce platform
NetSuite ERP gets the job done, and then some
- Integrations
- Saved searches and reports
- Ease of use
- Prebuilds for easy implementation
- Localizations
- Close monitoring - now trying to close the gap with new product features
- Beefed up P2P - addressed with recent product enhancements
- Continued integration of SuiteAnalytics for improved reporting
- AR Billing
- JE approvals
- Audit logs
- Period locking
- AR/AP agings
- Fixed Asset Module
- Tracking AP payments
- Bank reconciliations
What really needs improvement is the Prepaid and the Fixed Asset modules. They are both very clunky and difficult to work with. The system allows for little error and requires outside help to correct when things do go wrong.
Love NetSuite!
- Manage client processes
- Great reporting
- Automation for daily tasks
- Easier to build reports
- Links to outlook email
Effective, adaptable ERP solution.
- Easy to learn and navigate for first time users.
- Saved searches are effective for performing detailed analysis.
- Flexibility in segregation of duties and building workflows to support internal controls framework.
- Financial reporting capabilities can be improved through a native / out-of-the-box integration with Oracle's Hyperion tool.
- Financial reports are challenging to build and are not very flexible/adaptable for financial reporting needs.
NetSuite ERP can be great with a good partner
- Searches are robust
- Vast amount of customization
- Many system have native integrations with NetSuite
- Even the most basic systems within NetSuite required significant configuration and customization.
- A dedicated NetSuite team is required to manage the platform effectively even with our basic needs(we do not use the built-in revenue rec, AP, AR, etc.)
1. You have an IT team or third-party partner able to support the application.
2. You have a lot of systems that can utilize the integration features
3. You have a medium to high transaction volume business.
NetSuite may not be the best fit for you if:
1. You have a small team with limited resources to customize the platform.
2. Licensing costs are significant if you want to use it as a true ERP with all employees provided access.
3. You want to rely on native platform functionality.
NetSuite ERP review
- Financial
- CRM
- Reporting
- Customer Experience needs to be improved, lacking key functionalities compared with Zendesk
- The look & feel of the ERP is dated and needs a refresh
- The ability to customize easily based new requirements
- Order processing pretty efficient & seamless
- From Customer Experience prespective, it is poor compared with some top CX providers i.e. Zendesk & others
Ryan's NetSuite Review.
- Accounting functionality.
- Customization opportunities and methods.
- Inventory Management.
- Reporting and Data Analytics.
- NetSuite is beholden to browser speeds. It could be faster.
- Training documentation can always improve.
- Contract renewals aren't usually very fun.
- Inventory track
- Landed Cost
- Sales orders and returns
- Support post go live
- Pricing gets high
- Account manager needs
- It was born in the cloud and is cloud-native at every step. There are no clunky on-premises integrations to deal with.
- SuitePeople is tremendously full-featured and highly usable
- It offers strong reporting / BI options, including integrations with third-parties
- Trial/test/developer account options are very limited
- The scripting language / customisation options can be complex
- Training options are lacking
It's HRIS is relatively recent (in comparison), and its payroll is not yet global so third-party products are still needed.
Netsuite is the premier accounting tool
- We keep our full GAAP financial reporting in Netsuite
- It easily integrates with our financial planning software (Workday)
- Allows us to track our inventory
- I'm not a skilled report builder but the process could be more intuitive.
Powerful but Pricey
- Data: You get real-time info on everything from inventory to finances in one place.
- automation. NetSuite automates tasks like order processing, so you save time and avoid errors.
- NetSuite's interface can be a bit clunky at times. Navigating menus and finding specific features isn't always intuitive. It can take some getting used to.
- While NetSuite offers a good range of reports, customizing them can be tricky
NetSuite ERP review
- Revenue recognition
- Spent Allocation
- integrations
- Fixed asset module is not good enough
- Reporting is a bit limited
- UI is not state of the art
Classic ERP, clunky but functional
- Amortization schedules
- Revenue recognition
- Record keeping
- User friendliness
- Intuitiveness
- Speed
Using NetSuite ERP as a GL
- Consolidating multiple entities for high level reporting
- bank feed matching
- automated amortization entries
- overall the software design is not very user friendly and is pretty outdated looking
- the permissions settings for different users are not very logical either. it took my company a long time to get each role's permissions set up properly and we still run into things that people don't have access to when they should
Great Software
- Inventory tracking
- Customizable reporting
- Seamless bank integrations for GL transaction posting
- creating custom templates for invoices, SO, PS ect
- 2-step bank authentication connectivity
NetSuite ERP
- Generates quotes.
- Sales document template options, e.g. quotes, invoices, sales orders.
- Record of prior sales.
- Database for catalog of items, including item descriptions, pricing, inventory.
- Adjustments to quotes can be tedious - maximum display of 25 lines.
- Inability to customize discounting - must use pre-loaded percentage.
- Search terms must be exact - sometimes finding old orders is difficult.
Communicating within the platform is not ideal; we use a separate email app.
NetSuite ERP for Freight Brokerage
- Financial statement creation
- Entity hieracrchy
- New user training
NetSuite rocks
- Customization
- User friendly
- Controls
- Amortization reporting!!!!
- Basic budgeting no ability to import updates only add
- Financial reporting
Room to grow, e-commerce suite commerce when I used it was eh, large sku management
- Reporting - NetSuite ERP gives a variety of reports and allows customization to the reports for users with more advance knowledge.
- SuiteAnswers - Forums where you can look up problems you are experiencing to see if others have similiar situations and solutions.
- SuiteApps - Add ons that can help tailor the experience you need.
- User roles - Limiting and defining what access users can, and cannot, have access to.
- Bank Feeds - the ability to link your bank accounts so you have up to date balance information, as well as the capabilities to cut ACH from NetSuite ERP if enabled.
- Direct integrations instead of using third party iPaaS or EDIs.
- Make report customization easier.
- Provide premade CSV import templates so you know what fields are required when bringing in data.
NetSuite ERP Review
- Work Flow
- General Ledger and journal entries
- Ad hoc reporting
- Dashboards
- Administration particularly in regard to user security
- In the chart of accounts users should be able to change the account type on a general ledger account after it has been assigned.
- The financial statement creation is complex if you report based on statutory accounting.
- Accounts payable automation
NetSuite Makes Fundraising Easy
- Keeps information together in one place
- Communicates with our accounting software
- Communicates with our online shopping portal
- There are some issues, but I'm not sure if the issues are generated by NetSuite, or by other software inputting data into NetSuite
- Sometimes NetSuite creates a long list of duplicate addresses for a single constituent
- Exportable
- Customer Support
- Search functionality is really difficult to use
- Updating reports is a difficult process
NetSuite ERP
- Financial Reporting
- Concolidations
- Having somehow a direct connection with CRM
- Better Planning Tools
- FP&A