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NetSuite ERP

46 reviews

Starting from $499 Per month/user

NetSuite ERP is one of the world’s most well known ERP systems. Its key goals are to help businesses attain better financial and operations management through finance and accounting processes, revenue recogniti

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Overview of NetSuite ERP Updated: May 14, 2017

NetSuite ERP Overview
NetSuite ERP is one of the world’s most well known ERP systems. Its key goals are to help businesses attain better financial and operations management through finance and accounting processes, revenue recognition, supply chain and inventory management, order and billing, customer management, shipping, HR, and analytics.

The product also helps greatly in order and billing management, so that companies may be able to give accurate quotes fast and provide accurate invoices in an instant. In addition, NetSuite ERP also provides analytics and reporting with real-time summaries so that companies will be able to accelerate their financial closes.

NetSuite ERP is a product of NetSuite Incorporated they is known for other various solutions, including Customer Relationship Management (CRM), Enterprise Resource Planning (ERP) and other e-commerce software for different types of businesses, which range from small to large companies. NetSuite Inc. was established in 1998 as NetLedger and they were only known for hosting accounting software at that time. Since then the company has developed a broad range of applications.

NetSuite ERP Average Rating -
The average rating of NetSuite ERP is 5 stars. The rating is based on 46 aggregated online reviews.

NetSuite ERP Typical Customers
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.

NetSuite ERP Features
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.

NetSuite ERP 5 Pros
  • NetSuite ERP is compliant with global accounting rules, making sure that financial processes are aligned with relevant standards
  • NetSuite ERP enhances employee management as you can determine available resources assign them to your particular projects
  • NetSuite ERP allows easy resources and expenses tracking, making sure that you are on top of your budget and schedule
  • 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

NetSuite ERP 2 Cons
  • NetSuite ERP implementation may not be the easiest as it may require longer time and training to master
  • All modules are included in the solutio, which may not be practical if you onlyrequire specific functionality for your business

NetSuite ERP Alternatives
The main competitors for Netsuite ERP are SAP and Microsoft.

SAP ERP is a leading enterprise solution vendor with includes a suite of tools that cover the core financials & human resources functions. In addition it supports business processes that include procure to pay for purchasing & logistics, plan to product for manufacturing, as well as order to cash & request to service for customer sales & service. The product is available as either an on premise or cloud based solution which supports mobile device access as well. There are also business intelligence tools for advanced data analytics as well.

Netsuite ERP on the other hand includes ecommerce support for B2C and B2B transactions as well as support for professional services automation & services planning. Additionally the product is provided as a cloud based solution which can be easily customized, and provides real-time business analytics for performance & operational monitoring.

In comparison Microsoft’s ERP solutions closely integrate with Office 365 which is the leading business management platform tool. It also provides two separate products which address the enterprise and SMB markets separately which is unlike Netsuite which focuses on product scalability. Additionally its retail management suite supports Point of Sale operations and there are budgeting & planning tools as well. The product also supports customization and includes a business process modeler which is integrated with workflow automation.

Netsuite ERP though is modular based so companies can choose functionality based on business requirements. Additionally it also supports a collaboration platform for social engagement of customers & employees.

NetSuite ERP Pricing Information
NetSuite ERP is a subscription-based program starting at a base price of $499 per month, with an additional $99 fee for every new user.


NetSuite ERP Pricing


NetSuite ERP Categories


Specifications

Company:
Address: NetSuite Inc, Campus Drive, San Mateo, CA
Customers: Start up, Small business, Medium business, Large business
Business Area: Cross Business Areas
Platforms: Desktop, Cloud
Operating Systems: Mac OS, Windows, Linux

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NetSuite ERP Features

NetSuite ERP - 10 Alternatives

The main competitors for Netsuite ERP are SAP and Microsoft.

SAP ERP is a leading enterprise solution vendor with includes a suite of tools that cover the core financials & human resources functions. In addition it supports business processes that include procure to pay for purchasing & logistics, plan to product for manufacturing, as well as order to cash & request to service for customer sales & service. The product is available as either an on premise or cloud based solution which supports mobile device access as well. There are also business intelligence tools for advanced data analytics as well.

Netsuite ERP on the other hand includes ecommerce support for B2C and B2B transactions as well as support for professional services automation & services planning. Additionally the product is provided as a cloud based solution which can be easily customized, and provides real-time business analytics for performance & operational monitoring.

In comparison Microsoft’s ERP solutions closely integrate with Office 365 which is the leading business management platform tool. It also provides two separate products which address the enterprise and SMB markets separately which is unlike Netsuite which focuses on product scalability. Additionally its retail management suite supports Point of Sale operations and there are budgeting & planning tools as well. The product also supports customization and includes a business process modeler which is integrated with workflow automation.

Netsuite ERP though is modular based so companies can choose functionality based on business requirements. Additionally it also supports a collaboration platform for social engagement of customers & employees.

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NetSuite ERP User Reviews


NetSuite ERP News (2016)

11 May

NetSuite announces alliance with Microsoft

What a difference a year makes. A year after taking time in his keynote session at his company’s SuiteWorld conference to label then-new Microsoft CEO Satya Nadella as “the guy that actually presided over the decline of the Dynamics ERP line,” at thi.read more


07 May

5 key announcements from NetSuite SuiteWorld 2015

NetSuite, the cloud software company, is currently winding its SuiteWorld conference to a close in the sunny city of San Jose. The boisterous - some might even say sassy - software-as-a-service company made headlines over the last year for its pub.read more



02 Feb

Oracle, NetSuite Report Cloud ERP Progress

Oracle announced Friday that more than 600 companies worldwide have selected Oracle ERP Cloud and Oracle Enterprise Performance Management (EPM) Cloud apps, with 80% growth in the last quarter alone. That report arrived just one day after software-as.read more



02 Jan

NetSuite Names Former Microsoft Exec Studer to CMO Post

Cloud CRM and ERP provider NetSuite (N) has named Fred Studer, a former Microsoft (MSFT) and Oracle (ORCL) top marketing executive, to its chief marketing officer (CMO) post, and charged him with overseeing the company’s worldwide marketing initiativ.read more



18 Dec

NetSuite Appoints Fred Studer As New CMO

NetSuite Inc. N, -1.17% the industry's leading provider of cloud-based financials / ERP and omnichannel commerce software suites, today announced that it has appointed Fred Studer, a global marketing executive as its chief marketing officer (CMO). I.read more



19 Nov

JMP HOT 100 RUN NETSUITE

NetSuite Inc. (NYSE: N), the industry's leading provider of cloud-based financials / ERP and omnichannel commerce software suites, today announced that more than half of the companies on the 2014 JMP Securities "Hot 100 Best Privately Held Software.read more


17 Nov

NetSuite Vs. Sage ERP — Cloud Vs. On-premise

Cloud vs. on-premise deployment is the first big difference between NetSuite versus Sage ERP accounting software. NetSuite is always deployed in the cloud, meaning you subscribe and log into a website to use the software. Sage ERP (Sage 100, 300, etc.read more







18 Sep

Netsuite turn the cloud red as they grab three partners

Netsuite have expanded their channel network, as Craig West, NetSuite Vice President of Americas Channel Sales says “These three new partners bring a diverse range of vertical and ERP process expertise to help put NetSuite client organisations on the.read more


21 Aug

NetSuite Honors KDV With 3-Star Award

KDV Ltd., a leading NetSuite consulting and implementation organization, announced that it received a NetSuite 3-Star Award at NetSuite SuiteWorld 2014, NetSuite's annual conference in San Jose, Calif..read more




A buyer's Guide to ERP Solutions

ERP Software Buyer’s Guide
 
Used by thousands of companies across the globe, ERP or Enterprise Resource Planning will not only increase the revenue and profitability of your business, it will also make your people technologically smarter. ERP delivers higher scale of automation. It integrates all business processes into a single system that offers synchronization of data. Supply chain, HR, order processing, manufacturing, support services, accounting, customer relationship and more; ERP streamlines all the processes of these functional areas of your business.
 Ask a corporate executive about the top ERP vendors and he can instantly name two or three of them for sure. If there is one business solution to invest on, choose ERP. In this Buyer’s Guide, we at ITQlick.com will brief you on the right acquisition steps to consider for ERP solutions. Whether you already have the system in place or just about to buy one, learning the smart ways in buying ERP solution will give your company tons of benefits in the long run.
 
Types
The evolution of ERP system has been so fast that while most companies are just on the peak of enjoying the capability of this system, new and better versions keep on coming year after year. Let’s have a quick review. SAP R/3, Microsoft Dynamics AX, JD Edwards EnterpriseOne, and Oracle e-Business Suite Financials are among of the top ERP solutions in the market in the last five to ten years. But the question today is: are they for your business or could there be other better brands? A good way to answer this question is by understanding first the types of ERP solutions.
 
There are two broad classifications of ERP: Horizontal ERP and Vertical ERP. Horizontal ERP can be considered as one-size-fits-all solution. Why? It’s because the top horizontal ERP solutions, which we just mentioned above, can be acquired by any company of any size in whatever industry. Vertical ERP are industry-specific solutions. Meaning, if you’re in a pharmaceutical industry, your products, services, and information are in many aspects unique. A dedicated system is required for synchronizing processes related to them.
 
Another classification of ERP system is by method of deployment. These days, trade-offs between accessibility and efficiency can already be considered as half-way solved. With the advancements in ICT, a manager today can check if his weekly sales went up while driving his SUV along the country side on a Saturday afternoon. Now, check these different ERP deployment models and figure out which one is right for your business.
 
On-premise
ERP is running on your own server at the location of your choice. Your IT team handles its overall operation and maintenance.
 
Hosted
A third party (host) will provide the servers. The software is provided by the ERP vendor. You will run the system at its full capacity.
 
Public Cloud
Public cloud is owned by a third-party and since its “public”, there are other companies, other than yours, whose ERP is hosted in the same cloud. Cloud-based ERP usually doesn’t require your IT team anymore.
 
Private Cloud
Usually, your ERP solution provider is the same provider of the cloud servers or cloud infrastructures. You have your cloud-based ERP exclusively running in a private cloud network.
 
Hybrid
There are multiple platforms that run your ERP system. This is utilizing the private connection between platforms to distribute your workloads to the optimal environment.
 
Features
An ERP package is consisting of different modules that are equivalent to the functional areas or departments in your organization. ERP solution providers employ the so-called “depth of functionality” in their ERP package. It means that the ERP solution can be readily adapted by the client to support a wide range of operational execution specifics. This and four more basic features below are what you should investigate in-depth in an ERP solution.
 
Core Modules Availability
These core modules are the Financial Management, Human Resource Management, and Customer Relationship Management.
 
Wide Range of Integrated Functionality
Other than the core modules, these modules must also be available: Manufacturing, Inventory & Material Management, Sales and Distribution Management, Supplier and Purchase Management, Plant Maintenance, Excise Management and more.
 
Integration Capabilities
ERP implementation is a “Change Management” approach. It is the method of introducing to the organization a new system that will replace or refurbish the existing system. Some organization wants to retain their existing systems (also called legacy systems) by integrating it with the newer ERP system. ERP solution capable of this integration process is a must-sought after solution for your business.
 
Customization Capabilities
Although there are “as is” ERP solutions, a lot of ERP vendors offers customizable ERP. In a technical perspective, customizing an ERP is equivalent to altering the codes, interfacing other application programs, and changing some of the built-in architectures. Open-source ERP is the best example of a customizable system. It allows programmers and developers to alter the code in the software to customize for their specific needs.

Solutions per Business Size, per Vendor
When buying ERP software, there are three important factors to analyze first before proceeding with the vendor selection process. They are as follows.
 
Business Size
Mid-size market players like Epicor and Infor offers versatile and lower TCO on their solutions. Microsoft Navision and Axapta software are best recommended for SMEs. SAP and Oracle, both of which are top grosser ERP vendors, are for large enterprises. Identifying the right vendor base on business size can definitely save you time and resources.
 
Deployment Model
Epicor, Infor, and Microsoft Dynamics are leaders in on-premise solutions. Netsuite, Plex Online and Glovia are notable cloud-based ERP solution providers.  Compiere and OpenBravo are among of the best open-source ERP solution providers. Identifying which of these providers can provide optimum security and 24/7 up-time is equivalent to putting your business in a winning situation.
 
Period and Degree of Implementation
Process preparation, configuration, customization, extensions, and data migration are part of the ERP implementation process. Enterprise software solutions usually require a year or two to implement. Cloud-based solutions are mostly subscription-based and require lesser time to implement; about a month or two for SMEs. If you are keen to these implementation details, you are giving your business the opportunity to prosper while change management is still on-going.
 
Pricing Considerations
The Total Cost of Ownership (TCO) is what matters most when we talk about the price of ERP solutions. Let’s go over to the most important points when calculating TCO.
 
Type of Business and Number of Users
It is always important to remember that the number of users and the functions that are included in the ERP solution are factors that affect the price.
 
Third-party software add-ins
If you’re planning to integrate third-party software into your ERP system to boost its functionality, that’s additional 10-15% of the overall software cost.
 
Implementation Cost
There is a significant cost on top of the ERP implementation process. The ideal software cost to implementation cost ratio is 1:1.
 
On estimate, the TCO of ERP software solution for mid-sized businesses is around $150,000 to $750,000.
 
We at ITQlick.com offer assistance to ERP buyers like you in finding the right software solution for your business. Our business solution experts are always ready to give you honest advice. Tell us your pricing considerations and we will be glad to help you in any way possible.
 
Market Trends
Getting informed with the latest trends in the ERP industry can give you more insights on finding the right solution for your business.
 
The competition between Tier 1 (for large enterprises) and Tier 2 (for mid-market businesses) vendors is generally tough at present. On the positive side, this situation gives Tier 2 vendors the opportunity to improve more their offered ERP solutions. What this mean to buyers like you is that you could see more quality solutions at a considerable price in the near future.
 
Mobility of ERP is the talk-of-the-town. Development of mobile ERP apps and interfaces is the focus of many ERP vendors today. We will see lots of smarter ERP features on our mobile devices anytime from now. Relevant to this, also expect the BYOD (bring your own device) era to come into the business world.
 
Another trend to watch for is the introduction of social collaboration feature in many ERP software solutions. Big data is on the rise and what to expect on this are more automation features, integration of business intelligence, and better API’s to be seen on future ERP systems.
Finding the right ERP software for your business
Proper ERP software selections are the precursor to successful deployment and business growth. Finding the right Accounting & Finance solutions doesn’t have to be complicated, and it doesn’t have to take days or weeks of your time.

After researching over 2,000 systems, we can identify the best solution for companies of all shapes and sizes. ITQlick.com is 100% free for software buyers.

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4 ERP Software Alternatives for SAP ERP

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Why ERP Software Is Essential for your Business

Let us start this post by saying that the Enterprise Resource Planning (ERP) market remains to be strong. With reference to last years’ Gartner’s global market report, the market grew by 3.8%. Meanwhile, the result of Gartner’s 2014 analysis of ERP m... read more


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Top 5 ERP Software for Large Businesses

In a globalized business world, where competition is fierce, successful management of internal operations and costs is important to keep a company profitable and on a sustainable growth path while remaining responsive to change. This is why most majo... read more


01 Dec

Top 5 ERP Software for SMBs

Enterprise Resource Planning (ERP) software is a key component of many companies IT infrastructure. It consists of a suite of applications which integrate multiple functional business areas from marketing, finance, operations, manufacturing, inventor... read more


10 Aug

How to Choose Medical Billing Software

Looking for a better tool to optimize medical billing collections? Well, medical billing software is designed to automate recurring and error-prone billing, help healthcare facilities verify insurance coverage, provide reports on collections and reje... read more



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