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NetSuite ERP Review
What is NetSuite ERP?
NetSuite ERP is a scalable cloud ERP platform designed for the needs of fast- growing medium-sized and large enterprises. It automates a range of business processes including inventory management, billing, order management, fixed assets, revenue management, and financial management. In this review, we focus on the accounting features of this software, such as General Ledger, accounts payable, accounts receivable, cash management, fixed asset management and tax management.
NetSuite ERP is utilized by thousands of organizations for their accounting requirements, such as expense management, financial close, auditable and streamlined revenue management, and real-time visibility into the enterprise’s financial performance. The accounting module’s effectiveness is expanded by its seamless integrations with other NetSuite solutions, such as e-commerce, CRM, inventory, and order management tools.
With NetSuite ERP’s revenue recognition management module you can produce timely financial reports and comply with accounting regulations. It permits you to create precise financial statements for both service and product sales transactions occurring across different milestones and at a single point in time.
NetSuite ERP’s general ledger functionality offers a host of benefits including the ability to make smarter decisions by understanding how each day’s numbers stack up. You can find any transaction any time as well as in-depth info on each transaction. This allows you to maintain an accurate general ledger. Finally, the software assures you of precise, real-time financial history and data in the general ledger, which leads to streamlined back-office processes.
Show MoreOverview of NetSuite ERP Benefits
Accounts Payable
NetSuite allows you to match the three important elements of accounts payable with each other. These three are the receipt, vendor invoice, and purchase order. You can pay your taxes as well as vendors through electronic funds transfer (EFT) from the system. This helps you streamline business workflows and eliminates manual printing and signing of checks.
The benefits of the accounts payable functionality include improved relationships with vendors thanks to timely and efficient payment, and support for EFT. Plus, you can automate payment and check processing resulting in better cash management. On top of that, you can view all costs, revenues, credits, and debits for a specific accounting period to generate accurate profit and loss statements.
Accounts Receivable
You can streamline your company’s accounts receivable to reduce costs and boost efficiency. NetSuite ERP can automate the entire process beginning with the order through to the final accounts receivable. Automating accounts receivable facilitates a host of benefits such as assisting businesses to speed payment, cut expenses, enhance efficiencies, minimize errors, and eliminate redundancies. For this reason, the solution offers a slew of functionalities that simplify functions like billing, collection, and reporting.
With the accounts receivable module, you get great flexibility by being able to create on-the-fly reports as per parameters such as department, class, categorization, date, or others. The best part is you can get paid faster as you’ll be able to generate bills on the day of shipment. The module is customizable as it allows you to set up accounts receivables based on your particular accounting rules.
Financial Planning and Budgeting
To remain competitive, businesses need to plan for success while keeping a close watch on expenses. They should be able to track costs, plan new budgets or even multiple budgets to accommodate various scenarios. NetSuite ERP makes it simple to create and manage budgets. You can reduce effort and time by entering budgets for all of your accounts on a single screen. In case you have complex requirements, you can develop budgets outside the system and import them using CSV file format.
The financial planning and budget module provides a slew of benefits as it enables you to plan for profits using a budgetary roadmap, and also compare the budget with actual expenses. You can also deploy and report on multiple budgets for the same group of criteria. Finally, you can manage a budget for multiple locations, which helps you accurately track numbers across teams, business units, and offices.
Show MoreOverview of NetSuite ERP Features
Accounting
- Audit Trail Visibility
- Order-to-Cash
- Procure-to-Pay
- Tax Management
- Core HRIS
- Financial Planning
- Flexible Billing Scheduling
- Human Capital Management
- Incentive Compensation Management
- Integrated Process Workflow
- NetSuite TribeHR
- Payroll Services
- Recurring Revenue Management
- Revenue Recognition Management
- Shipping & Fulfillment
Awards & Quality Certificates
NetSuite ERP Position In Our Categories
Because companies have particular business-related needs, it is only rational they steer clear of choosing a one-size-fits-all, “perfect” solution. Nonetheless, it is difficult to stumble on such application even among branded software products. The efficient thing to undertake would be to tabulate the varied key factors which need examination like crucial features, price terms, skill ability of staff members, business size, etc. Thereafter, you should conduct the research comprehensively. Browse through some of these NetSuite ERP review articles and scrutinize the other applications in your shortlist in detail. Such all-encompassing product investigation guarantee you avoid ill-fitting apps and select the one which includes all the function your company requires.
Position of NetSuite ERP in our main categories:
TOP
3
NetSuite ERP is one of the top 3 Accounting Software products
TOP
3
NetSuite ERP is one of the 3 Online Accounting Software products
There are well-liked and widely used solutions in each software category. But are they automatically the best fit for your enterprise’s unique needs? A popular software solution may have thousands of subscribers, but does it offer what you need? For this reason, do not blindly spend on popular systems. Read at least a few NetSuite ERP Accounting Software reviews and mull over the factors that you desire in the software such as the price, main features, available integrations etc. Then, choose a few systems that fit your needs. Try out the free trials of these apps, read online reviews, get explanations from the vendor, and do your investigation thoroughly. This in-depth homework is certain to assist you choose the most excellent software platform for your firm’s specific wants.
How Much Does NetSuite ERP Cost?
NetSuite ERP Pricing Plans:
Free Trial
Quote-based Plan
Contact vendor
What are NetSuite ERP pricing details?
NetSuite ERP Pricing Plans:
Free Trial
Quote-based Plan
Contact vendor
NetSuite ERP pricing is offered on by quote basis. Please contact the company to get a customized quote for your business needs. NetSuite ERP’s enterprise pricing depends on modules, number of users per month, and add-ons.
User Satisfaction
Positive Social Media Mentions
190
Negative Social Media Mentions
3
We are aware that when you choose to buy a Accounting Software it’s vital not only to see how experts evaluate it in their reviews, but also to find out if the real clients and enterprises that bought it are indeed satisfied with the service. Because of that need we’ve devised our behavior-based Customer Satisfaction Algorithm™ that aggregates customer reviews, comments and NetSuite ERP reviews across a wide range of social media sites. The data is then presented in a simple to digest way revealing how many customers had positive and negative experience with NetSuite ERP. With that information at your disposal you should be prepared to make an informed buying choice that you won’t regret.
Video
Technical details
Devices Supported
- Windows
- Android
- iPhone/iPad
- Mac
- Web-based
Deployment
- Cloud Hosted
- Open API
Language Support
- English
- Chinese
- German
- Japanese
- Spanish
- French
- Russian
- Italian
- Dutch
- Portugese
- Turkish
- Swedish
Pricing Model
- Monthly payment
- Quote-based
Customer Types
- Small Business
- Large Enterprises
- Medium Business
What Support Does This Vendor Offer?
- phone
- live support
- training
- tickets
What integrations are available for NetSuite ERP?
NetSuite ERP provides the below integration options:
- Can integrate with your existing web and CRM investments
- NetSuite CRM
- NetSuite Ecommerce
- NetSuite Professional Services Automation (PSA)
NetSuite also integrates with leading third-party solutions including:
- Birst
- Bronto
- ClickSoftware
- com
- Dell Boomi
- Epay
NetSuite ERP User Reviews
NetSuite ERP average rating:
2/5
Overall impression
3/5
Customer Support
3/5
Value for Money
1/5
Ease of Use
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ADD A REVIEWMore reviews from 1 actual users:
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Good for a small growing business, but there are better alternatives
Read full review >
2/5
Overall impression
1/5
Customer Support
2/5
Value for Money
3/5
Ease of Use
Published on: 26.05.2021
Company Size: N/A
Industry: N/A
PROS: Entirely cloud based. Seems fairly good for a small organization
CONS: Not great in the mid-market space. Needs a ton of customization, and some areas of customization are downright impossible.
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NetSuite ERP user reviews
Good for a small growing business, but there are better alternatives
Read full review >
2/5
Overall impression
1/5
Customer Support
2/5
Value for Money
3/5
Ease of Use
Published on: 26.05.2021
Company Size: N/A
Industry: N/A
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