Netsuite is the world’s leading online ERP software suite.
It is created specifically to meet the needs of medium-sized and high-growth companies.
It stands out for its ability to automate operations, simplify processes, lower costs and reduce IT complexity. At the same time it serves to improve real-time visibility across the company.
Oracle provides with Netsuite, a complete web-based software for all core business processes including accounting/enterprise resource planning (ERP), inventory management, customer relationship management (CRM), professional services automation (PSA ) and electronic commerce.
If you are interested in knowing in depth what an ERP is, do not miss our updated 2019 guide.
In it you will find several alternatives to NETSUITE.
Let us now see the tool in detail:
Then we leave you with the descriptive sheet of this ERP:
NetSuite is a widely installed cloud ERP solution around the world. It is present in more than 40,000 organizations and 160 countries. It is a scalable program for running key back-office operations and financial business processes in the cloud. It has comprehensive capabilities for financial management, including advanced billing and revenue management solutions, to inventory, supply chain and warehouse management solutions.
Therefore, NetSuite is designed for companies of all sizes and from all sectors, although it is a solution used above all by medium-sized companies (from 50 to 1,000 employees), this type of company being close to 60% of its Current implementations in 2018.
In addition, it is a flexible solution that allows growth and innovation. It has a BI (business intelligence) module with reports and analysis in real time. This software facilitates real-time monitoring of financial performance, while accelerating financial close management. Thus, providing optimized and auditable expense and income management.
NetSuite’s ERP solution streamlines back-office processes for midsize and growing businesses. It speeds up business cycles, improves data reliability, and delivers higher levels of service to customers, suppliers, and partners. Provides real-time visibility into key business metrics for faster and better decision-making. NetSuite seamlessly unites accounting/ERP system with customer-facing CRM and eCommerce applications. This allows you to support your entire business with a single system.
In this way, we can conclude that the ERP Netsuite provides complete management tools for companies in most markets. We typically recommend this Oracle solution for medium-sized companies with more than 200 employees.
English, Spanish, Chinese (Traditional), Danish, Dutch, French, German, Indonesian, Italian, Japanese, Korean, Portuguese, Russian, Swedish, Taiwanese, Thai.
*File prepared based on 201 opinions collected in Softwareadvice, Capterra, G2crowd on 06-21-2018
Netsuite is specially designed for:
Optimize business processes through global financial functionality. Access real-time insights into key business performance indicators Get a unified view of the organization and a single version of the truth. Quickly and easily add functionality tailored to your business. Improve business performance with real-time metrics and role-based dashboards. Accelerate financial close while maintaining compliance with applicable accounting standards.
Final considerations about the ERP Netsuite
Netsuite is a modular online ERP that works under a monthly subscription.
It is one of the most complete programs on the market. Translated into several languages and available in many countries.
Specifically, NetSuite supports the following languages:
Chinese (Traditional), Danish, Dutch, English, French, German, Indonesian, Italian, Japanese, Korean, Portuguese, Russian, Spanish, Swedish, Taiwanese, Thai
It can be used by both small, medium or large companies, although its users recommend it for companies with between 50 and 500 employees.
It is one of the ERP solutions best valued by users and stands out in almost all the rankings of the different online review companies.
Despite all this, some users have complained about its complexity and difficulties in generating reports.
NetSuite integrates with the following applications:
SAP Concur, Expensify, DocuSign, Bill.com, BambooHR, Box, Bronto, Kronos Workforce Ready, Five9, 8×8 Virtual Office, Ascentis, Microsoft Outlook, FieldAware, Dell Boomi
As a general rule Netsuite buyers compare this product with:
Salesforce Sales CloudSage IntacctQuickBooksAcuatica Cloud ERPSAP Business One
The best of Netsuite:
It is a robust, powerful and flexible system that once implemented saves time and costs by coordinating all information flows.
The but of Netsuite:
The price and its complexity.
In short, if you are looking for an extremely powerful and flexible system, Netsuite is for you. However this brings a high level of complexity. Something that implies that the implementation process can take months to achieve a decent integration with the rest of the company’s systems such as: ecommerce, CRM, customer service, help desk, etc…
Netsuite is not cheap or easy and it is very important to have a provider to integrate it into business processes.