NetSuite ERP is a top rated enterprise resource planning software for all sizes of businesses. The software is easy to deploy and customize. It offers powerful features for payroll management, expense tracking, project bailling and timesheet management among many other services. The software automates ERP professional services and ensures business control. Introduction of the software in our organisation has enabled streamline invoicing processes for our clients and enhace time tracking.
Pros
Seamless integration of the software with popular business applications such as strip and PayPal.
Pricing of the software is incredible.
The software is highly reliable in completing complex financial processes.
Billing portal of the software is very straightforward and easy to customise.
Cons
The software does not support swahili language.
NetSuite ERP has a limited 30 day free trial.
Likelihood to Recommend
The software has both phone call and online support services. NetSuite ERP is an incredible software when it comes to payments processing and invoice management. The software is customizable and can be easily tailored according to user specific business needs. Software support of multi currencies and compliance. Effectiveness of the software in performance tracking.
We have 12 subsidiaries, which we utilize for most accounting functions and as our primary records for financial reporting. We also use it for day-to-day transactions, revenue recognition on our construction contracts, and for tracking time, among other purposes.
Pros
Financial reporting.
Customization
User interface.
Cons
Everything takes so much longer than you think it would need to.
Lots of menu's, can be hard to find things.
Search can be frustrating if you misspell something or don't type it exactly right.
Likelihood to Recommend
It's beneficial for our larger, multi-subsidiary organization. I used it at a previous small company, and it seemed like way too much (and way too expensive) for their needs. QuickBooks would have been a better solution for their smaller scale - NetSuite seemed like overkill.
VU
Verified User
Professional in Finance and Accounting (Construction company, 501-1000 employees)
I am my companies administrator so I handle all aspects of the product. It does our financials, takes and tracks orders, handles our manufacturing, and runs our e-commerce website.
Pros
Financials
Order taking and tracking
Ecommerce
Cons
Manufacturing
Ecommerce platform
Likelihood to Recommend
It is good at handling business financials it can do others but additional scripting and enhancements need to be done to taylor it too your business practices.
VU
Verified User
Administrator in Information Technology (Building Materials company, 51-200 employees)
We switched to NetSuite in 2017 and couldn't be happier. The ability to tie POs to SOs and look up all documents is impressive. The custom reports feature is easy to use and manipulate. Every department was able to customize the software to fit their needs. The ability to log in anywhere has made it easy to work from home.
Pros
Custom Reporting
Related Records is a powerful feature
Audit tracking
Cons
The ability to customize some of the screens to research payment details
Implementation could have went smoother
Training documents
Likelihood to Recommend
The related records is a powerful tool in NetSuite. It gives all departments the ability to track fulfillments, invoices, payments, etc. The audit feature allows for a detailed level of all those involved. We were able to eliminate manual approvals by routing them through the system with an audit trail.
Soligent uses NetSuite as our primary ERP system for three subsidiaries.
Pros
NetSuite is very user friendly and easy for new employees to quickly get up to speed.
Access on the cloud allows for faster user interface at remote locations. It also makes for easier access for employees on the road or working from home.
Reports are easy to run and export to Excel cleanly and easily.
It is easy to attach electronic supporting documents in NetSuite, e.g. journal entry support to journal entries, customer PO's to sales orders, vendor invoices to AP vouchers.
Cons
Access permissions are too broad. In order to grant an employee functionality to do one task, they may be granted access to do other tasks that they don't do, or shouldn't.
Some automatic processes in more sophisticated ERP systems, such as voided checks and purchase price variance, require journal entry posting in NetSuite.
Demand planning and warehouse operations could be improved.
Likelihood to Recommend
It may not be well suited for companies that will generate a high volume of transactions over time, this tends to slow the system down. NetSuite also struggles with out of the ordinary type practices, such as consigned inventory. Assess any unique needs to your business and find out if NetSuite has a solution to address those needs during the selection process.
