NetSuite ERP Review

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Last updated: Nov 23, 2018

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NetSuite ERP Review

ITQlick rating
(4/5)

Small business, Medium business

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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What is NetSuite ERP? Updated: Nov 23, 2018

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 rating of NetSuite ERP is 4 stars. The rating is based on ITQlick experts review

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 demo

25 questions to ask the vendor on NetSuite ERP demo


NetSuite ERP Categories

Time & Expense
Expense Tracking
Project Budgeting
Project Resource Management
Time Tracking

Specifications

Company:
Address: NetSuite Inc, Campus Drive, San Mateo, CA
Website:http://www.netsuite.com
Customers: Small business, Medium business
Business Area: Cross Business Areas
Platforms: Desktop, Mobile, Cloud
Operating Systems: Mac OS, Windows, Linux


NetSuite ERP Features

Budget & Expense Management
Expense Management
Project Time Tracking
Time Tracking


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NetSuite ERP Vs. Alternatives

ITQlick rating ITQlick Rating is based on the software score (below) and aggregated online reviews
ITQlick score ITQlick Score is a 1 to 100 score, based on pricing, and functionality Vs. alternative solutions
Pricing score pricing Score is a 1 to 10 score, based on the TCO (cost of licences, customizations, training, hardware when relevant) Vs. alternative solutions
License pricing license pricing (if provided by the software vendor)
Hosting
Functionality score
Fit small business
Fit medium business
Fit large business
Software review
Compare
NetSuite
ITQlick rating ITQlick Rating is based on the software score (below) and aggregated online reviews
ITQlick Score
90/100
Pricing score Pricing score ranges between 1 to 10 while 1 is low TCO and 10 is high TCO (TCO - total cost of ownership: cost of licences, customizations, training, hardware when relevant) Vs. alternative solutions
2/10
License pricing license pricing (if provided by the software vendor)
Pricing not available
Hosting
On premise and Cloud
Functionality score
9
Fit small business
Fit medium business
Fit large business
Software review
SAP
ITQlick rating ITQlick Rating is based on the software score (below) and aggregated online reviews
ITQlick Score
97/100
Pricing score Pricing score ranges between 1 to 10 while 1 is low TCO and 10 is high TCO (TCO - total cost of ownership: cost of licences, customizations, training, hardware when relevant) Vs. alternative solutions
10/10
License pricing license pricing (if provided by the software vendor)
Pricing not available
Hosting
On premise and Cloud
Functionality score
44
Fit small business
Fit medium business
Fit large business
Software review
Microsoft
ITQlick rating ITQlick Rating is based on the software score (below) and aggregated online reviews
ITQlick Score
94/100
Pricing score Pricing score ranges between 1 to 10 while 1 is low TCO and 10 is high TCO (TCO - total cost of ownership: cost of licences, customizations, training, hardware when relevant) Vs. alternative solutions
4/10
License pricing license pricing (if provided by the software vendor)
Pricing not available
Hosting
On premise and Cloud
Functionality score
31
Fit small business
Fit medium business
Fit large business
Software review
xTuple
ITQlick rating ITQlick Rating is based on the software score (below) and aggregated online reviews
ITQlick Score
92/100
Pricing score Pricing score ranges between 1 to 10 while 1 is low TCO and 10 is high TCO (TCO - total cost of ownership: cost of licences, customizations, training, hardware when relevant) Vs. alternative solutions
4/10
License pricing license pricing (if provided by the software vendor)
$45 Per month/user
Hosting
On premise and Cloud
Functionality score
13
Fit small business
Fit medium business
Fit large business
Software review
Made2Manage
ITQlick rating ITQlick Rating is based on the software score (below) and aggregated online reviews
ITQlick Score
92/100
Pricing score Pricing score ranges between 1 to 10 while 1 is low TCO and 10 is high TCO (TCO - total cost of ownership: cost of licences, customizations, training, hardware when relevant) Vs. alternative solutions
4/10
License pricing license pricing (if provided by the software vendor)
$5,000 Per month/user
Hosting
On premise and Cloud
Functionality score
24
Fit small business
Fit medium business
Fit large business
Software review