NetSuite OneWorld Reviews

Name: NetSuite OneWorld
Brand: NetSuite
Rating: 4 (13 reviews)

4.2 out of 5

13 reviews
92% willing to recommend

189 followers

What is NetSuite OneWorld?UNIXBusinessApplication
Price:

A comprehensive web-based solution, NetSuite is the industry's first and only Software-as-a-Service (SaaS) business software that supports your entire company from accounting/enterprise resource planning (ERP) to customer relationship management (CRM), professional services automation (PSA) and eCommerce in a single, integrated and powerful business management software solution.

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NetSuite OneWorld is the #14 ranked solution in top ERP solutions. PeerSpot users give NetSuite OneWorld an average rating of 8.4 out of 10. NetSuite OneWorld is most commonly compared to SAP S/4HANA: NetSuite OneWorld vs SAP S/4HANA. NetSuite OneWorld is popular among the large enterprise segment, accounting for 50% of users researching this solution on PeerSpot. The top industry researching this solution are professionals from a computer software company, accounting for 16% of all views.

Helped 768,246 peers since 2012

Featured reviews

John Cirocco

Senior NetSuite Administrator at Storyteller Overland

Jan 6, 2023

NetSuite OneWorld is a scalable solution. I initially implemented it for a company with sixteen employees. By the time I completed the project, the company had about four hundred employees, meaning NetSuite OneWorld had to be scaled up. The company I work for now also doubled in size yearly for the past four years, and NetSuite OneWorld is still functioning as expected. Scaling up the solution affects the price. If you go over one hundred users, you're forced to go up to the next tier of environment, with a different cost. When you start small and go up to a million transactions in a year, the NetSuite OneWorld price also goes up. The scalability of NetSuite OneWorld is a ten out of ten.

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Shiral Soysa

Chief Operating Officer at Digital365

Feb 15, 2024

We are using NetSuite OneWorld to manage our nonprofit's finances, focusing on accounts receivable and payable, and fixed assets for now. We're looking to expand its use to cover all our financial aspects, which will help streamline our operations, both locally and internationally. It brings…

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Harry Paulison

VP of Operations at a manufacturing company with 11-50 employees

Feb 24, 2021

There are different inventory evaluation methods that you can use with NetSuite. It natively does average costs all the time. It does that just fine, however, if you were to use standard costs, it doesn't handle standard costs well. It's not a very sophisticated process handling standard costs. That's one caution I would make. If you're using standard costs, you really have to be very aware of that. This is one of its weaknesses. It does it, but it doesn't do it well. The other problem that we had, or the other challenge that we had, was some of the MRP functionality was cumbersome. In 2020, the update of NetSuite that took place in September, they addressed a lot of that through the supply chain control tower. That made it more automated. They added a number of automated supply chain features, which supposedly addressed that issue, however, how well it addressed it, I'm not clear.

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NetSuite OneWorld market share

As of March 2024, the market share of NetSuite OneWorld in the ERP category stands at 0.2%, marking a decrease of 19.3% compared to the previous year, according to calculations based on PeerSpot user engagement data.

ERP

Key learnings from peers

Last updated Feb 28, 2024

Valuable Features

"We've set up Jira integration and used robotic process automation (RPA) to streamline various processes, like procurement and invoicing. Some processes still require manual approval, like supplier invoices, but we're simplifying those too. We're also exploring integrating with other tools like Power BI for better data analytics and reporting. Currently, our automation focuses on general tasks, not document understanding or anything complex like that."
"The solution is user-friendly and flexible."
"NetSuite OneWorld, the consolidation feature has been incredibly valuable. However, I cannot speak to the full range of features and functionalities offered by OneWorld as I am not familiar with all of them. I have utilized OneWorld primarily in the biotech industry, with a focus on operating expenses and financial reporting, such as capital contributions and foreign currency adjustments. I am confident, however, that OneWorld offers a robust module for reporting and consolidating revenue, though I have not had the opportunity to directly utilize this aspect of the software."

Room for Improvement

"Certain analytics features are missing that I've come to expect from other systems. Additionally, there are occasional issues with data accuracy that need to be addressed. Overall, deeper analytics capabilities would greatly improve the tool's usefulness for me."
"I don’t like the SaaS models. Of course, they make the tool powerful enough to run a billion-dollar business. The tool is cheaper than SAP or Core."
"NetSuite OneWorld, the consolidation feature has been incredibly valuable. However, I cannot speak to the full range of features and functionalities offered by OneWorld as I am not familiar with all of them. I have utilized OneWorld primarily in the biotech industry, with a focus on operating expenses and financial reporting, such as capital contributions and foreign currency adjustments. I am confident, however, that OneWorld offers a robust module for reporting and consolidating revenue, though I have not had the opportunity to directly utilize this aspect of the software."

Pricing

"I would rate the pricing of the solution somewhere around six or seven out of ten. I don’t like the SaaS models. Of course, they make the tool powerful enough to run a billion-dollar business. The tool is cheaper than SAP or Cor"
"NetSuite OneWorld tends to be pricey. The decision to allocate a budget for this solution ultimately rests with the management and negotiating team, and I am not typically included in these discussions. Nonetheless, the information I've received leads me to believe that it is a costly platform. There are not any additional costs that I am aware of."
"NetSuite OneWorld has fair pricing. It was not very expensive, so price-wise, I'm rating it as five out of ten."

These insights are based on the in-depth reviews provided by peers to help you make a better buying decision.

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