NetSuite Financials Review

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Last updated: Oct 30, 2019

NetSuite Financials Review

ITQlick rating
(4.2/5)

Starting from $499 Per month/user

NetSuite Financials is a cloud-based accounting and eCommerce software suite designed to comply with all business sizes. It aims to streamline your accounting department through the use of a web based applicati...

  • Categories (4/25):

    • Payroll
    • Expense Management
    • Distribution Accounting
    • Help Desk

What is NetSuite Financials? Updated: Oct 30, 2019

NetSuite Financials is a cloud-based accounting and eCommerce software suite designed to comply with all business sizes. It aims to streamline your accounting department through the use of a web based application and dashboard.

NetSuite Company was founded in 1998 and is handled by 1,600 employees. It is headed by Evan Goldberg who functions as the chairman and chief technology officer.

NetSuite Financials Average Rating -

The rating of NetSuite Financials is 4.2 stars. The rating is based on ITQlick expert review

NetSuite Financials Typical Customers

Netsuite Financials is ideal for businesses of all sizes and has catered to the needs of hundreds of companies. It uses modular cloud integration that allows you to keep real time contact with your finance and accounting department.

Multiple companies have successfully implemented Netsuite Financials in their business process: Upper Playground used its extensive customization options to tailor their own specific accounting program. Gradwell found that their financial audits have been cut in half, which improved their account tracking and management.

NetSuite Financials Features

NetSuite Financials aims to streamline accounting department activities in your organization by supplying a comprehensive package of tools which deal with your budgetary decisions; It supports with multi-currency transactions, invoicing, payment, and finances tracking in terms of production and budgeting.

NetSuite Financials 5 Pros

  • The comprehensive interactions between you and your finances allow an in-depth enhanced business plan
  • Exporting data and reports is very user-friendly, and support across multiple platforms facilitates auditing
  • Optional features can help you expand control past your accounting and into the rest of the departments of your business
  • The eBusiness aspect allows to obtain an overall of view your product line for understanding how well it sells
  • The smooth and very intuitive dashboard makes implementation a breeze

NetSuite Financials 2 Cons

  • The financial reporting feature may need a little more work and detail so that it can provide insights for each of your transactions
  • NetSuite Financials is only accessible through the web, therefore requiring a permannet Internet connection

NetSuite Financials Alternatives

The competitors for Netsuite Financials include Epicor Financials & SAP Financials.

Epicor Financials includes the core accounting features of general ledger, receivables & payables, cash management & reconciliation, credit & collections as well as allocations & financial consolidation. Additionally there are budgeting, forecasting & planning tools with tax compliance strategies as well. There are strong governance & audit standards included and the product supports multi-company as well as global financial requirements. Epicor Financials is also available as both a cloud as well as on premise solution.

Netsuite Financials in comparison provides a similar financial management solution that supports both order to cash and procure to pay business processes. Additionally the product can handle automatic revenue recognition, project accounting, and fixed assets management which includes procurement, depreciation & disposal costs. Netsuite Financials also has comprehensive business analytics tools that support dashboards & KPIs to support financial reporting requirements.

SAP Financials on the other hand includes features for risk & compliance management, together with financial planning & analysis and treasury management. The product also supports financial shared services to improve administrative productivity, as well as a real estate lifecycle module to ensure management & valuation of corporate land & properties. SAP Financials is also accessible via mobile devices and can be deployed as a cloud or on premise solution.

Netsuite Financials though is available as a cloud based solution that is also mobile device access ready. It also allows electronic & online payments, as well as payment processing options for recurring & installment billings together with an effective fraud prevention & authentication system.

NetSuite Financials Pricing Information

NetSuite Financials is available for $499 a month on a subscription basis. There is also an additional charge $99 for every user.

NetSuite Financials demo

25 questions to ask the vendor on NetSuite Financials demo

NetSuite Financials Categories

Payroll
Expense Management
Distribution Accounting
Help Desk
Work Order Accounting
Spend Management
Small Business Accounting
Project Accounting
Payroll Accounting
Inventory Management Accounting
HR Accounting
Fixed Asset Accounting

Specifications

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

NetSuite Financials Features

Accounts Payable
Audit Trail
Billing & Invoicing
Budgeting & Forecasting
Cash Flow
Depreciation
Fixed-Assets
Multi-Currency
Project-Accounting
Sales Reporting
Tax compliance
Time & Expense
Billing Rate Management
Corporate Card Payments
Multiple Billing Rates

NetSuite Financials 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
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ITQlick rating ITQlick Rating is based on the software score (below) and aggregated online reviews
ITQlick Score
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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
3.2/10
License pricing license pricing (if provided by the software vendor)
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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
3.2/10
License pricing license pricing (if provided by the software vendor)
$250 Per license
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20
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ITQlick rating ITQlick Rating is based on the software score (below) and aggregated online reviews
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95/100
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
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28
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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
2/10
License pricing license pricing (if provided by the software vendor)
$28 Per month
Hosting
On premise and Cloud
Functionality score
46
Fit small business
Fit medium business
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Software review
Multiview
ITQlick rating ITQlick Rating is based on the software score (below) and aggregated online reviews
ITQlick Score
93/100
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
3.8/10
License pricing license pricing (if provided by the software vendor)
Pricing not available
Hosting
On premise and Cloud
Functionality score
23
Fit small business
Fit medium business
Fit large business
Software review