NetSuite ERP Overview

NetSuite ERP is the #1 ranked solution of our top Billing Software. It is rated 4.8 out of 5 stars, and is most often compared to Oracle ERP Cloud: NetSuite ERP vs Oracle ERP Cloud

What is NetSuite ERP?
Global ERP NetSuite OneWorld Allows Companies to Manage Back Office Operations Globally AND Locally. NetSuite OneWorld addresses the complex multi-national and multi-company needs of mid-market organizations. Enable businesses to adjust for currency, taxation and legal compliance differences at the local level, with regional and global business consolidation and roll-up. Get unprecedented visibility of your business worldwide in real time, ensuring consistent, compliant management across the organization, locally and globally. NetSuite OneWorld can populate a single charts-of-accounts across subsidiaries, or use separate charts-of-accounts for each company with postings between subsidiaries such as expense allocation managed via inter-company journals. Local taxes are readily handled across subsidiaries with an embedded tax engine that allows for multiple tax schedules for everything from GST, to VAT, to consumption tax or general sales tax. Revenue recognition, local financial reporting and compliance are also built-in components. And OneWorld allows for global order management and sourcing with the ability to manage inventory and fulfillment across multiple locations with product items represented globally or on a per subsidiary basis.
NetSuite ERP Customers
2Pure, Accuvant, Actian, Adtegrity, Advantage Sign Supply, All-Safe Pool Safety Products, Alton Lane, AMC Liquidators
NetSuite ERP Video

NetSuite ERP Reviews

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reviewer1220004
Managing Consultant at a tech services company with 1-10 employees
Consultant
Leaderboard
Jul 17, 2020
Highly customizable, no infrastructure needed, and very scalable

What is our primary use case?

I have multiple pharmaceutical distributions. I'm currently doing two projects with companies that are what are called stevedoring companies. They're companies that load and unload these massive vessel ships that come into the ports all over the world. Containers and cruisers and things of that nature. I've also done a large 3PL shipping company. I've done a couple of manufacturing companies. I've done a couple of manufacturer distributor companies. It's a very versatile system. It can be used for a variety of businesses.

Pros and Cons

  • "I would say that the solution is highly configurable."
  • "In terms of the main improvement to NetSuite is the talent itself. It's grown so fast and there are about 25,000 companies running on it, and it's a relatively newer system compared to other competitors. It's growing so fast that the talent base in the partner organization (there's about 200 of them), is pretty thin."

What other advice do I have?

We're not a reseller, we're a selection company. We represent the client. The inherent weakness where you might be disappointed is not functional, because functionality can be built out. It's like buying new furniture in a house. The house is a big cost, the furniture you just need more of. More functionality can be built out readily if the architecture is good. NetSuite's architecture is so phenomenal that you can almost not even imagine. I have one subsystem that my client has, but it's an old premise-based proprietary application that no one else has. It's unique to their business, but it's…
RobertWolf
President & Chief Solution Officer at CREIS
Real User
Top 20Leaderboard
Nov 21, 2020
Good scalability, a nice user interface, and helpful technical support

What is our primary use case?

The client's use cases really revolve around core financial and accounting tasks such as ARAPGL cash management and things of that nature as well as some supply chain. Inventory management at a rolled-up level. They had a separate system for their core product inventory life cycle management, however, this was from the financial aspect and vendor integration and purchasing side of supply chain and billing management was going to be done through the NetSuite implementation. Due to the fact that they had more on their wishlist, we were going to get into some commerce stuff, however, we… more »

Pros and Cons

  • "The user interface is very good."
  • "Some of the features around the payroll and payroll taxes and management of that are lacking. We had to outsource some of that because we found that the functionality isn't there."

What other advice do I have?

I've had multiple engagements involving NetSuite as it is a good sweet spot system for mid-level size enterprises. I don't recommend it for large-scale enterprises. It's also too much sometimes for small companies. It's a great sweet spot, like I said, for mid-level companies. A lot of companies have been on it and sometimes they make good candidates as people who don't feel comfortable with some of the extra bells and whistles. It's a good, basic, fundamental ERP accounting supply planning system. I'm not sure which version of the solution I'm using right now. I know it wasn't the latest as…