NetSuite OneWorld Review - why 3.8 stars?

NetSuite OneWorld Review
ITQlick Score: 93/100
ITQlick Rating: (3.8/5)
Pricing: 4.6/10 - average cost
Category: ERP -> NetSuite OneWorld
Ranking:Ranked 3 out of 271 ERP systems
Company: NetSuite
Pricing: starts at $999 per month
Typical customers: Small, medium and large size businesses
Platforms: Desktop, Cloud
Links: NetSuite OneWorld pricing, NetSuite OneWorld alternatives

Shlomi LaviShlomi Lavi / updated: Mar 09, 2022

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What is NetSuite OneWorld and its features?

NetSuite OneWorld is a business management and ERP software solution that helps global businesses and organizations streamline operations across multiple subsidiaries, and provides visibility in real-time at all levels of administration. The software is equipped with several features, some of which are discussed below:
  • Global Accounting and Consolidation: With the multi book accounting feature on NetSuite OneWorld, global organizations can process accounting demands at all levels— local, regional, and headquarters.
  • Electronic Payments: NetSuite OneWorld helps businesses pay vendor bills, cover employee expenses, and receive payments directly from customers. Businesses can also save time and paperwork through automated payment processing on NetSuite One World.
  • Multicurrency Management: NetSuite OneWorld supports currencies globally, over 190 at last count, enabling international businesses accept payments from any location in the world, with instant exchange rate conversion and financial consolidation.
  • Audit and Compliance Reporting: With NetSuite OneWorld, businesses can operate within the regulatory requirements and receive insights into their operations and performance with the always-on audit trail, built-in analytic tools, access logs, and automated workflows.
  • Indirect Tax Management: The SuiteTax feature on NetSuite OneWorld helps businesses manage their tax process with automation. The software offers detailed reporting for financial transactions, preconfigured tax codes and reporting for about 110 countries.
NetSuite OneWorld software launched in 2008. Oracle NetSuite is a global brand with over 20,000 employees. In 2017, NetSuite OneWorld won the Cloud ERP Product of the Year at the UK Cloud Awards.

What is NetSuite OneWorld rating?

The rating of NetSuite OneWorld is 3.8 stars out of 5 and the total score is 93 out of 100. The rating score is based on our unbiased data-based algo. Learn more - rating methodology page.

Who uses NetSuite OneWorld?

NetSuite OneWorld was developed with the idea to serve multinational enterprises and companies with multiple subsidiaries. Since OneWorlds launch, NetSuite Inc.has been focusing on offering its services to middle market companies and divisions of larger companies.

Companies currently using OneWorld can be found in software design, manufacturing, wholesale distribution and non-profit sectors. Some example customers include Solarwinds, Advantage Sign Supply, RedBuilt, Wrigleyville Sports, Niner Bikes, Gawker Media, San Diego Futures Foundation and KIVA.

Is it easy to use?

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

Is NetSuite OneWorld 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?

No, currently NetSuite OneWorld can't be accessed on mobile, you would need to access it from your computer.

Is NetSuite OneWorld the best ERP system?

NetSuite OneWorld is ranked 3 out of 271 software in their category (ERP systems).

What are their main features and functionalities?

NetSuite OneWorld was designed to assist companies in increasing growth. It is a powerful tool when it comes to handling businesses with large and complex structure, allowing managing multiple business units at multiple locations or countries, accelerating financial consolidation and easily handle multiple currencies and taxation rules.

In addition, OneWorld will streamline back-office processes such as financial period close, order-to-cash, revenue recognition, budgeting and forecasting, and global financial recognition.

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

  • The multi currency feature on NetSuite OneWorld is helpful for multinational organizations
  • The software integrates well with other business management tools
  • NetSuite OneWorld is easy to use
  • Planning, forecasting and budgeting functionality has been simplified
  • NetSuite OneWorld can also be utilized for core accounting tasks such as payment management, accounts receivable and payable, and general ledger

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

  • Customization can be problematic and lead to difficulties on NetSuite OneWorld
  • The software pricing is on the higher side for smaller businesses
  • OneWorld does not operate active/active, redundant data centers which is quite risky with respect to cloud delivery

Who are their main alternatives?

In the cloud ERP and business management software categories, NetSuite OneWorld has the following brands as its top alternatives: Bitrix24, Sage Intacct, Wrike, and Brightpearl. The software is compared to its competitors in key areas:
  • Cost: NetSuite OneWorld pricing starts at $999 per month as base fee, plus $99 per user per month. In comparison, Sage Intacct does not disclose its pricing details, Bitrix24 pricing starts at $39 per month, Wrike pricing starts at $9.8 per user per month, while Brightpearl does not disclose its pricing schedule.
  • Scalability: NetSuite OneWorld is an ERP solution that can handle enterprise-grade operations, hence, the software is a scalable system. In comparison, Wrike, Sage Intacct, and Bitrix24 are scalable for midsize companies and enterprises, while Brightpearl supports multichannel retailers.
  • Functionality: NetSuite OneWorld has features typical for ERP software like electronic payments, financial management, and reporting/analytics. When compared to its alternatives, NetSuite OneWorld does not support project management like its alternatives, and CRM features like Brightpearl, Sage Intacct, and Bitrix24.
  • Support: For support, NetSuite OneWorld has the following channels: forum, a knowledge base, phone, live chat, and email. In comparison, Bitrix24 does not have a phone support channel, while Wrike, Sage Intacct, and Brightpearl have a 24/7 live rep available, which NetSuite OneWorld does not offer.
  • Cloud/On-premise: NetSuite OneWorld is a cloud-based software solution. In comparison, most of its (NetSuite OneWorld) competitors are cloud-based software solutions, except Bitrix24, which is also deployed on-premise.
  • Customers/Industries: NetSuite OneWorld is an ERP system built for global businesses and companies who run multinational operations. In comparison, Brightpearl serves customers in retail, e-commerce, and wholesalers, while Bitrix24, Wrike, and Sage Intacct target both small-scale businesses and enterprises across several industries.
  • Popularity: NetSuite is a popular software brand, serving over 28,000 businesses in 215 countries globally. In comparison, Brightpearl was founded in 2007, Wrike serves over 15,000 businesses globally, Sage Intacct was founded in 1999, while over 10 million organizations have used the Bitrix24 software.

What is the cost of NetSuite OneWorld?

NetSuite OneWorld pricing is based on a sole subscription plan, starting at $999 per month for base access, and $99 per month for every additional user.

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 4.6 out of 10 (10 is most expensive). You can fine here the REAL total cost breakdown for NetSuite OneWorld.

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

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

Where NetSuite OneWorld is used?

NetSuite OneWorld is a cloud-based ERP and business management software solution built for global and multi-subsidiary enterprises across different industries like service providers, e-commerce, etc. Cardinal Health, Inc, GE Capital Fleet Services, and The Kroger Company are some notable names that use NetSuite OneWorld.

List of categories

Accounting & Finance
Budgeting & CPM
ERP
Engineer-to-Order Manufacturing

List of features

Accounts Payable
Accounts Receivable
Billing & Invoicing
Budgeting & Forecasting
Cash Flow
E-commerce
Fixed-Assets
General-Ledger
Sales Reporting
Time & Expense
Business Intelligence Module
CRM Module
Inventory Management Module
Project Management Module

NetSuite OneWorld Vs. Alternatives

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Global S...
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4.2/5
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OptiProE...
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EnterpriseIQ
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4.4/5
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92/100
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3.8/10
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39
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.