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About Oracle NetSuite

Category: Accounting Software
Netsuite's accounting software improves financial controls, produces accurate reports, and simplifies the recording of payment transactions. Gain real-time insights into financial metrics and ensure accounting regulations, all on their app or desktop.
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Oracle NetSuite Comparison

NetSuite Limited
$999
/mo +$99 /user/mo
14-day FREE trial
NetSuite Mid-Market
$2,499
/mo +$99 /user/mo
14-day FREE trial
Netsuite Enterprise
$2,499
/mo +$99 /user/mo
14-day FREE trial

Expert Review

0.0
Price
3.0
Ease Of Use
5.0
Features
4.0
Support
4.5

Pros

v-pro
24/7 customer support
v-pro
Offers an integrated eCommerce storefront
v-pro
Extensive global compliance features
v-pro
Tons of modules available for nearly everything you need

Cons

x-con
Expensive
x-con
Many features are paid add-ons
x-con
Excessive modules

Plans And Pricing:

Exact pricing for NetSuite isn’t clear because there are so many features and other variables that make things confusing. That said, there are three main plans that all have their own core functionalities.

NetSuite offers free product tours and 14-day free trials to help you decide if the application is right for you.

Customer Support

Being a large company owned by a larger company, NetSuite offers its customers numerous avenues through which they can receive help. These include phone, live chat, email, and plenty of self-help resources.

That said, the customer support availability differs between plans. All customers get 24/7 support for the most critical issues, but only those with a higher-level plan can access support for non-critical issues around the clock.

Features & Functionality

General Features

Robust Financial Tools

NetSuite has it all when it comes to accounting and financial management. Inside its platform, you’ll find core accounting functions, billing, global accounting reconciliation & consolidation, financial planning & reporting, revenue recognition management, and GRC (governance, risk, and compliance) features.

Marketing Features

Many financial-related business solutions focus more on the accounting and finance side of things. Some might also sprinkle in a bit of marketing.

On the other hand, NetSuite offers a suite of marketing tools that you can integrate right into your NetSuite CRM. It provides a full selection of tools dedicated solely to email marketing, such as cart abandonment emails and personalization tools.

Additionally, NetSuite offers partner relationship management and customer service management functionality, among other things. It really aims to let you do everything on one platform.

Supply Chain Management

NetSuite has also developed modules that let you manage your entire supply chain. You can evaluate your supply and weigh it against the demand to plan for the future. From there, you can put in purchase orders and work orders as needed to make your plan come true. Plus, you can integrate the supply chain tools with customer service management to track customer warranties, issue support tickets, and more.

Reporting and Analytics

No business solution would be complete without reporting and analytics, and NetSuite comes in heavy with these features. It offers an entire platform called SuiteAnalytics dedicated to this.

SuiteAnalytics offers the ability to perform highly complex data analysis tasks yet simplifies the UI enough so that doing so is easy — even for inexperienced users. You can save searches and reports, create pivot tables and charts with drag-and-drop, create advanced filters, and more.

NetSuite is also working on advanced AI and machine learning to implement into the platform for even more powerful insights.

v-pro
General Ledger
v-pro
Bookkeeping
v-pro
Manages Accounts Payable/Receivable
v-pro
Income & Expenses Tracking/Management
v-pro
Account Reconciliations
v-pro
Financial Reporting
v-pro
Receipt Scanning
v-pro
Invoicing

Track Expenses

v-pro
Record Expenses
x-con
Record Mileage
v-pro
Generate Invoices
v-pro
Recurring Expenses

Tax Preparation

v-pro
Tax Compliance
v-pro
Manage Tax Calculations/Reporting
v-pro
Accountant-Prep Friendly

Time-Saving Automations

v-pro
Automation of Invoices/Notifications
v-pro
Suggests Transaction Matches
v-pro
Purchase Order Automation

Add-Ons

Many of NetSuite’s other features come as add-ons. Here are a few of the most notable.

Omni-Channel Commerce Features

Inside NetSuite’s SuiteCommerce, you’ll find a host of omnichannel commerce features that are useful whether you’re B2B or B2C. It offers tools for e-commerce, Points-Of-Sale, order management, product content management, and more. You get an integrated e-commerce storefront with which you can build a site and list a large number of products.

Project Management

NetSuite lets you add on its project management suite, which offers Gantt charts, task management, expense tracking, project billing, automation, much more.

v-pro
Payment Processing
v-pro
Payroll Processing
v-pro
Project Management
v-pro
Time Tracking
v-pro
Third-Party Integrations

Supported Devices

x-con
Windows
x-con
Android
x-con
Linux
x-con
iPhone/iPad
x-con
Mac
v-pro
Web-Based

Ease Of Use:

NetSuite does its best to make its platform easy to use. It’s not the easiest, though, as the number of features can be overwhelming. In fact, there are tons of consultants out there who earn money helping businesses move to NetSuite.

That said, NetSuite offers training programs and extensive live and self-help support resources to shorten the learning curve a bit.

Verdict:

NetSuite offers a comprehensive platform for businesses in nearly any industry to handle their accounting, supply chain, marketing, customer support, and more. The ability to add and remove modules to the core NetSuite functionality makes it attractive to businesses in need of a tailored solution.

That said, it’s pricey, and the software can be challenging to use for a while. As mentioned, there are consultants making good money assisting organizations with their move to NetSuite.

Still, you can’t deny that NetSuite confers plenty of benefits to your business if it’s within your budget and you’re willing to embrace the learning curve.

User Review

0.0
5
6 Users
(6)
4
2 Users
(2)
3
0 Users
(0)
2
0 Users
(0)
1
0 Users
(0)
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8 Reviews
51-200 employees
Used for: 1-2 years
10 Apr - 2021
Glad I made the switch
I've been using a different accounting software for 5 years now, however, my business partners recommended NetSuite. After thorough research and talk a lot with the customer support team (great service btw!) I made the switch, and have been happy since.
Like:
  • My business is able to comply better and effectively with all accounting standards now
51-200 employees
Used for: 1-2 years
10 Apr - 2021
Excellent ERP!
It's cloud based and because of this, I can rely solely on this software and not have to outsource help.
Like:
  • Mutli language options, reasonably priced, grows with your company - just to name a few.
Dislike:
  • Can take a few months or more to completely implement into your business but once you do, it's worth it
11-50 employees
Used for: 2+ years
17 Mar - 2021
Impressed for years now!
I love being able to customize reports. NetSuite's cloud-based ability has brought my business to the next level, adding great flexibility and accessibility. I've been using this for years now. Been telling all my friends that they need to implement this
Dislike:
  • Can get expensive.
11-50 employees
Used for: 6-12 months
15 Feb - 2021
Real time metrics are my favorite!
The insight my business has gained because of this software goes unparalleled. The dashboard offers a positive experience. Everyone's performance is immensely improved since introducing NetSuite into the company.
Like:
  • The customization is incredible. When multiple staff members are working from other locations, all they need is internet. Easy and streamlined!
Dislike:
  • Nothing bad to say. Overall, I recommend!
1-10 employees
Used for: 1-2 years
15 Feb - 2021
Love it, just be patient!
Ensure that this software is implemented correctly and efficiently. If so, you'll be smooth sailing from here and out.
Like:
  • Plethora of features available. Can be cloud-based if needed, which is great for working from home.
11-50 employees
Used for: 1-2 years
31 Jan - 2021
Robust but pricy
This accounting solution entails extensive billing management, financial planning, and great reporting. The package in whole is pretty dimensional, thus it's not for those looking for a very simple and easy system. I personally prefer the dynamic aspect o
1-10 employees
Used for: 1-2 years
30 Jan - 2021
Reputable product from a reputable company
All in one solution which I can imagine would work great with many businesses across the board - specifically the ones on a larger scale or are planning to grow rapidly.
Like:
  • Love the real time data and the email feature.
Dislike:
  • Outdated UI, could be improved
11-50 employees
Used for: 6-12 months
01 Jan - 2021
Amazing Product
Overall, super satisfied with NetSuite's service. This software is intensive but comprehensible. New features are constantly being released. I feel that this software truly grows with your business. Five stars all around from me and my staff.
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