NetSuite ERP Review - why 4 stars?

NetSuite ERP Review
ITQlick Score: 90/100
ITQlick Rating: (4/5)
Pricing: 2/10 - low cost
Category: ERP -> NetSuite ERP
Ranking:Ranked 11 out of 271 ERP systems
Company: NetSuite
Pricing: starts at $999 per month
Typical customers: SMBs
Platforms: Desktop, Mobile, Cloud
Links: NetSuite ERP pricing, NetSuite ERP alternatives

Shlomi LaviShlomi Lavi / updated: Mar 22, 2022

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What is NetSuite ERP and its features?

NetSuite ERP is a cloud-based business management and enterprise resource planning software suite that helps businesses streamline their operations with automation and real-time visibility into financial and operational performance. Some of the features offered by NetSuite ERP are discussed below:
  • Inventory Management: The inventory management feature on NetSuite ERP helps businesses manage inventory operations with automation, reorder management, multi-location inventory management, replenishment management, etc.
  • Warehouse Management: With NetSuite ERP, businesses that operate warehouses can manage their operations with RF-device-directed putaway and picking tasks, and tools like cartonization, real-time inventory updates, shipping system integrations, etc.
  • Supply Chain Management: NetSuite ERP helps businesses move products from production points to the final consumers, streamlining the supply process at all critical points.
  • Order Management: NetSuite ERP helps businesses handle order processing and establish a smooth flow from quote to fulfillment by eliminating bottlenecks and minimizing errors.
  • Financial Management: Businesses can organize their daily financial records and transactions, accelerate the financial close, get real-time insights into financial performance, and ensure compliance.
NetSuite Inc. was founded in 1998 and has over 4,000 employees today. The company is headquartered in Redwood Shores, California, and has since been acquired by Oracle.

What is NetSuite ERP rating?

The rating of NetSuite ERP is 4 stars out of 5 and the total score is 90 out of 100. The rating score is based on our unbiased data-based algo. Learn more - rating methodology page.

Who uses NetSuite ERP?

NetSuite ERP is intended for small companies to large enterprises that prefer an all-in-one solution for managing their finances and resources. This solution is used by businesses from various industries including software, manufacturing, wholesale distribution, retail and services. Some NetSuite clients include Prudential, Red Built, Gawker Media, Igloo and Solar Winds.

Is it easy to use?

Yes, NetSuite ERP makes it fairly easy to use. This product is user friendly and intuitive.

Is NetSuite ERP cloud-based?

Yes, they offer cloud based hosting, which means IT resources are retrieved through web-based tools and applications and you don't need to buy servers and additional hardware equipment.

Can it be used on mobile?

Yes, you can access NetSuite ERP on your mobile/smart phone.

Is NetSuite ERP the best ERP system?

NetSuite ERP is ranked 11 out of 271 software in their category (ERP systems).

What are their main features and functionalities?

NetSuite ERP includes many features that make it a very worthy investment for any type of organization, inclusing accounting functionality, ERP, inventory and order management. It also supports multiple currencies, languages, companies and locations, making an excellent solution for global businesses. NetSuite ERP supports data import and export, a Developer API, integration with MS Office, role-based security and mobile access. It allows convenient and easy management of resources, revenue, expenses, budget and employees, as well as improving sales as it automates billing and collections.

What are NetSuite ERP's pros? (5 Pros)

  • NetSuite ERP has a robust set of features
  • Compared to its top alternatives, the software is a low-cost option
  • NetSuite ERP offers its clients ease of customization and flexibility
  • The dashboard can be personalized to make all vital tools and data easily accessible
  • NetSuite ERP can be accessed from mobile devices, for getting an up-to-date view of the company’s financial performance, resources and expenses

What are NetSuite ERP's cons? (3 cons)

  • NetSuite ERP has a steep learning curve for newbies
  • Occasional lags may be experienced, largely due to the old UI
  • Unlike other software, it does not come with free trial

Who are their main alternatives?

In the ERP software and business management categories, NetSuite ERP faces competition from the following software brands: Acumatica, SAP S/4HANA, Sage X3, and Epicor Kinetic. In specific categories, NetSuite ERP is compared to its top alternatives below:
  • Cloud/On-premise: NetSuite ERP is a fully cloud-based ERP software solution. Contrastingly, Epicor Kinetic and other top alternatives of NetSuite ERP are all deployable both on the cloud and on-premise.
  • Cost: NetSuite ERP pricing starts at a $999/month base licensing fee, plus $99 per user per month. In comparison, the top alternatives of NetSuite ERP do not disclose their pricing details.
  • Customers/Industries: NetSuite ERP serves businesses and mega operations across several sectors like supply chain, distribution, storage, e-commerce, etc. In comparison, Sage X3 also serves customers in the food & beverage industry. Acumatica has clients in construction, while Epicor Kinetic majors in the manufacturing industry.
  • Functionality: NetSuite ERP has the typical features of an ERP software option like financial management, multi-location inventory, and warehouse management. When compared to its top alternatives, NetSuite ERP does not offer CRM and HR Management features like Kinetic. Also, SAP S/4HANA uses machine learning tools and AI, which NetSuite ERP does not offer its clients.
  • Popularity: NetSuite ERP is used by customers in over 200 countries globally, and the software services the needs of over 27,000 clients. In comparison, Epicor Kinetic was founded over 48 years ago, Epicor Kinetic has over 70,000 users, while SAP is the No. 1 software company in the Dow Jones Sustainability Index.
  • Scalability: NetSuite ERP is a highly scalable software recommended for growing businesses seeking to expand their operations. The software can handle operations and businesses of any size, supporting unlimited user subscriptions. In comparison, all top alternatives of NetSuite ERP are also highly scalable software options, able to handle enterprise-grade demand.
  • Support: Clients that use NetSuite ERP get support through channels like email, phone, live chat, and a knowledge base. Support on NetSuite ERP is also available 24/7. When compared to its alternatives, NetSuite ERP and its top competitors have similar support channels, while the software does not provide support through the community forums, which its alternatives do.

What is the cost of NetSuite ERP?

NetSuite ERP pricing is based on three determining factors— a monthly license fee, a per-user fee, and optional modules (add-ons). The base license fee is priced at $999 per month, with an additional $99 per user per month.

What is the REAL total cost of implementation? on top of the total cost of licenses which is easy to calculate you need to add the cost of training, customization, data migration, and other "hidden cost". ITQlick pricing score is 2 out of 10 (10 is most expensive). You can fine here the REAL total cost breakdown for NetSuite ERP. You can also find here pricing information from NetSuite ERP's website.

What should you ask NetSuite during a demo session? (65 questions)

Schedule a demo with NetSuite ERP and access 65 must ask questions for the vendor while watching NetSuite ERP in action. Visit the vendor's website here.

Where NetSuite ERP is used?

NetSuite ERP is an all-in-one cloud-based business management solution that helps growing companies and enterprises streamline their processes. The software is fit for enterprise-level operations and serves clients across different industries like distribution, manufacturing, construction, etc.

List of categories

Time and Attendance
Expense Tracking
Project Budgeting
Project Resource Management
Time Tracking

List of features

Budget & Expense Management
Expense Management
Project Time Tracking
Time Tracking

NetSuite ERP Vs. Alternatives

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Score
Pricing
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NetSuite...
ITQlick rating
4/5
Score
90/100
Pricing
2/10
License pricing
$999 per month
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9
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SAP ERP
ITQlick rating
4/5
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Pricing
10/10
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$56 per user/month
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44
Global S...
ITQlick rating
4.2/5
Score
93/100
Pricing
4.6/10
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Pricing not available
Functionality
67
NetSuite...
ITQlick rating
3.8/5
Score
93/100
Pricing
4.6/10
License pricing
$999 per month
Functionality
18
OptiProE...
ITQlick rating
2.8/5
Score
92/100
Pricing
2/10
License pricing
$700 per license
Functionality
26
Author

Shlomi Lavi

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Shlomi holds a Bachelor of Science (B.Sc.) in Information System Engineering from Ben Gurion University in Israel. Shlomi brings 15 years of global IT and IS management experience as a consultant, and implementation expert for small, medium and large size (global) companies.