About NetSuite
What is NetSuite?
NetSuite is an all-in-one cloud business management solution that helps more than 38,000 organizations operate more effectively by automating core processes and providing real-time visibility into operational and financial performance. With a single, integrated suite of applications for managing accounting, order processing, inventory management, production, and supply chain and warehouse operations, NetSuite gives companies clear visibility of their data and control of their business.
Who uses NetSuite?
NetSuite is used by more than 37,000 customers across 219 countries. Ideal for rapidly growing companies of any size in any industry needing a foundational financial management system that can scale and adapt as the business expands. From start up to IPO to global expansion, NetSuite supports every stage of your business journey.
How do you use NetSuite?
NetSuite is a cloud-based system, which can be accessed through an internet connection. There is no additional hardware, software installations or downloads necessary to use the software. Role based dashboards provide a quick and easy way to get real time information to help run the business.
How much does NetSuite cost?
Users subscribe to NetSuite for an annual license fee. Your license is made up of three main components: core platform, optional modules, and the number of users. There is also a one-time implementation fee for initial setup. As your business grows, you can easily activate new modules and add users.
Does NetSuite have an app?
Available for IOS and Android, NetSuite’s mobile app is designed with a mobile-first UI for key workflows and support push notifications for time sensitive actions, allowing users to streamline work on the go.
NetSuite pricing
NetSuite does not have a free version but does offer a free trial. NetSuite paid version starts at £406.00/year.
Alternatives to NetSuite
NetSuite Reviews
Feature rating
- Industry: Renewables & Environment
- Company size: 11–50 Employees
- Used Weekly for 1+ year
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Review Source
NetSuite is a Great Option
Our account rep, account manager, and implementation lead are all really pleasant to work with and communicate well. The product is working well so far, and we're looking forward to our Phase 2.
Pros
So customizable that you can configure it to do just about anything. A unique product that can really be for anyone. Once live, it's fairly intuitive.
Cons
While the customization is amazing, you can get lost if you don't pay attention to the details or aren't working with someone who knows the technical nuances well when you set it up. Our implementor ([sensitive content hidden] ) helped us with this.
- Industry: Construction
- Company size: 201–500 Employees
- Used Daily for 2+ years
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Review Source
Cable East NetSuite Review
We have had a great experience with NetSuite. Initially, the learning curve was steep, but as we familiarized ourselves with the system and spent time with the LCS pass and the support team learning the intricacies of the platform, we are able to self-direct most new initiatives on the platform and have better visibility into our project profitability and company performance than we have ever had before.
Pros
NetSuite allowed our business to reevaluate process and streamline existing ones, while serving as a single location to house our financial, banking, and CRM data.
Cons
Our implementation process was messy, but we got on the right track early and have worked with our ACS optimize team to make the product the best it can be.
Alternatives Considered
Acumatica Cloud ERPReasons for Choosing NetSuite
We did not have the requisite visibility into our project accounting, and the reporting was not optimal for our needs.Switched From
Sage AccountingReasons for Switching to NetSuite
The Oracle brand and its associated size and status. We also liked our demo more than the competition.- Industry: Electrical/Electronic Manufacturing
- Company size: 11–50 Employees
- Used Daily for 2+ years
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Review Source
Powerful CRM and ERP software
Overall, it has taken me some time to get up to speed with NetSuite, but it is a very powerful platform that can accomplish pretty much everything I need it to.
Pros
Extremely powerful platform, with almost every feature you could need from a CRM/ERP platform.
Cons
Steep learning curve, and the user interface is not the nicest or most intuitive.
- Industry: Computer Software
- Company size: 201–500 Employees
- Used Daily for 2+ years
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Review Source
Corporate Controller
I love working with NS, I think it's very user friendly, reporting is super flex and the ability to see consolidated reports at all times is incredible. The only things I think require improvement are the fixed assets repots and the billing schedules.
Pros
1. The option to see the reports on a consolidated level
2. Reporting and the option to customize report is amazing
3. Search line
4. The ability to edit transitions
5. Advanced IC JEs
Cons
1. Billing schedules are very challenging- for example quarterly billing for 2 years and for 1 year requires 2 different billing schedules, the system can only divide the quantity for non annual billing schedules etc.
2. No as of date vanilla report to track Inventory in transit and accrued expense related to inventory received where an invoice was not received.
3. Fixed assets module reporting- for example if an asset was sold the accumulated depreciation would show on the same column as the depreciation for the period.
- Industry: Oil & Energy
- Company size: 51–200 Employees
- Used Daily for 1+ year
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Review Source
Save time and know more about your business with Netsuite
I am a very big fan of NetSuite and I am excited about learning how much more NetSuite can do for our business that we haven't touched on yet. It has given us more visibility into our financials and shortened our closing time each period.
Pros
We like the ability to easily run financials on a project level basis and the automated features that shorten our close cycle.
Cons
The customization that needed to happen to fit NetSuite into our current work processes and the transferring of data from our QB system to NetSuite was not smooth due to going live mid-year.