One great thing about the system was that you could add only the modules you needed onto the system. But for the modules we needed to run our business well it was priced outside of our current budget. However, NetSuite is not a great fit for smaller companies with fewer than 20 employees. It does not have the functionality to handle process manufacturing and will likely require a high degree of customization to be usable. NetSuite even offers educational certificates for various roles.
Speaking of customization, NetSuite’s SuiteCloud customization features let you tailor the platform to meet your business needs and preferences with ease. You can create your own user interfaces, create and share branded documents, integrate with outside applications and more. As an end user, just for timesheets, it is expensive crap.
Disappointing experience with netsuite.
We were also confident in their abilities because they are such a large company. For example, you can automate accounting tasks so your accounting team spends less time making journal entries and reconciling statements. Set up some rules, and NetSuite will match incoming invoices to your data and then either automatically approve them or route them to the proper approver. You can automate steps like order scheduling and tracking within the order management module. At Business.org, our research is meant to offer general product and service recommendations. We don’t guarantee that our suggestions will work best for each individual or business, so consider your unique needs when choosing products and services.
- I was forced to include a subsidiary code within each vendor name which prevents you from going to one place to see what all subsidiaries may owe the same vendor.
- The company doesn’t disclose its pricing upfront and asks that you schedule a consultation to get a quote for your unique business.
- Plus, with support for consumers (B2C) and business buyers (B2B), you’ll never lose a sale.
- We’re a group of American companies with common ownership, worth hundreds of millions of dollars, and a few hundred employees.
- The consolidated reporting is of great interest to us.
- Oracle NetSuite works best for very large, very complex organizations willing to pay for comprehensive ERP software.
- With seven core modules that can be added to your plan, NetSuite is ready to grow with your business and take it to the next level.
But if you’re a startup, small business or want a simple, “no-frills” option, you should probably look elsewhere. NetSuite also offers SuiteApps, which are apps developed by third parties and supported by NetSuite’s tools. SuiteApps are designed to meet business or industry-specific needs. These apps fall into a number of categories, such as food and beverage, non-profit, restaurants and hospitality, warehouse management, banking, and accounting. If you’re still looking for the right software to manage your business, check out our ranking of the top inventory management options to help make your decision.
Is this your company?
It operates on a software-as-a-service (SaaS) model, making it a great option if you want the flexibility to scale your business without the headaches of new infrastructure and personnel. You can use its long list of modules and customization tools to increase efficiency and reduce costs, no matter your size or industry. After much research and analysis, we recommend Oracle NetSuite as the best accounting software for advanced features, since its ERP system covers virtually everything a business needs. After comparing and contrasting the dashboard, features, pricing and customer service, we test-drove the product with an initial setup.
- I’ve researched lots of ERPs and CRMs and inventory stuff and a lot of it is specific to the US.
- Oracle NetSuite’s powerful financial engine gives you maximum transparency and visibility into your business across countries in real time so you can manage your operations at the local and global levels.
- Companies that reach this point often find it easiest to streamline all of their systems, including accounting and financial management, into one convenient enterprise resource planning (ERP) platform.
- For example, you can automate accounting tasks so your accounting team spends less time making journal entries and reconciling statements.
- SuiteCommerce provides an omnichannel experience whether your customers are shopping in-store, online, or on a mobile device.
Even with that oversight, its variety of modules makes NetSuite highly adaptable to all kinds of businesses and highly scalable for companies of all sizes. Keep in mind, though, that those three factors only make up your ongoing NetSuite cost per year. When you first start using Oracle NetSuite, you’ll also have to pay licensing and implementation fees. That’s not unusual for software in this space, but it is something you need to budget for when choosing ERP software. Since there are many software options out there and comparing them can be overwhelming, we decided to do the heavy lifting for you and research a few of NetSuite’s competitors. While both NetSuite and QuickBooks offer no shortage of customization features, FreshBooks doesn’t have as many.
NetSuite – 0 Stars!!
After reviewing NetSuite we felt their program was pretty “sweet”. Everyone on our team felt NetSuite had a great program but they just were too expensive for our needs. NetSuite is a strong ERP pick for businesses looking for comprehensive, out-of-the-box functionality that scales with their growth. Because NetSuite implementation is often complex, you typically work with a VAR rather than NetSuite directly to get started. GoVirtualOffice is an example of a VAR that helps configure the software correctly the first time around and maximize your investment through its BOOST program.
Plus, as your business grows, you can add new users and modules to your software, and it’s all added in the cloud with no need for new software. NetSuite is based around financial management so the beginning modules include accounting, inventory management, order management, and tax management. Like other Enterprise Resource Planning (ERP) systems on the market, NetSuite doesn’t offer pricing up front. But, after some digging, we found that the base cost for the software is $999 per month with an additional $99 per user per month fee.
We were happy to see such extensive risk and compliance features, which were rare among most platforms we reviewed. NetSuite does netsuite reviews not publish subscription costs on its website. Those interested in the software will need to schedule a consultation for pricing.