NetSuite ERP Review - why 4 stars?

NetSuite ERP Review
ITQlick Score: 90/100
ITQlick Rating:
Pricing: 2/10 - low cost
Category: ERP -> NetSuite ERP review
Ranking:Ranked 11 out of 275 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?

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.

Who is it best for?

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.

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 is the actual cost?

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.

ITQlick pricing score is 2 out of 10 (10 is most expensive). Access ITQlick pricing guide for NetSuite ERP. You can also find here pricing information from NetSuite ERP's website.

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

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

How it stacks up?

Access a head to head analysis of NetSuite ERP vs alternative software solutions.
ITQlick rating
Score
Pricing
License pricing
Functionality
Review
Compare
NetSuite...
ITQlick rating
4/5
Score
90/100
Pricing
2/10
License pricing
$999 per month
Functionality
9
Compare
SAP ERP
ITQlick rating
4/5
Score
97/100
Pricing
10/10
License pricing
$108 per user/month
Functionality
44
Global S...
ITQlick rating
4.2/5
Score
93/100
Pricing
4.6/10
License pricing
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

Frequently Asked Questions (FAQs)

Is it the best ERP system?

NetSuite ERP is ranked 11 out of 275 software in their category (ERP systems).

How they are rated on ITQlick?

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.

Is it an easy to use Software?

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

Is it 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.

What should we ask during a demo session?

Differences between NetSuite ERP and alternatives?

The most popular alternatives to NetSuite ERP in 2023: SAP ERP, NetSuite OneWorld, Global Shop Solutions ERP, OptiProERP, Solidworks. Access the complete competitors analysis here - NetSuite ERP VS ERP Software alternatives.

Is NetSuite ERP right for you or your business?

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

Auditor - Shlomi Lavi

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Shlomi Lavi is an entrepreneur and founder of ITQlick.com. He holds a Bachelor of Science (B.Sc.) in Information Systems Engineering from Ben Gurion University in Israel. Shlomi brings 17 years of global IT and IS management experience as a consultant and implementation expert for small, medium and large-sized (global) companies. Shlomi’s goal is to share the best knowledge and news about information systems so you can make smarter buying decisions for your business.