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Oracle NetSuite ERP Reviews, Pricing, Features 2023

netsuite erp reviews

To get the best possible experience please use the latest version of Chrome, Firefox, Safari, or Microsoft Edge to view this website. Please share your comments, questions and feedback regarding your experience on Top10ERP.org. This email will include saved search links, white papers and other vital offerings for each product you requested. Extensive end-to-end process documentation provides a roadmap for getting maximum productivity out of NetSuite. Implementation templates and scripted best practices orient project team members to the proven steps and methods used by NetSuite’s own SuiteConsulting team. NetSuite understands that customers may need to integrate NetSuite with other applications.

netsuite erp reviews

With NetSuite CRM+, you have the flexibility to schedule complex commission structures based on how you do business. You can structure commissions in any number of ways — based on quantity, sale amount, service sold, profitability of the product sold, or percent of quota that is reached. While many other vendors force you to adjust your business to their software, NetSuite CRM+ tailors itself to your specific business needs.

Streamlined Receiving Module

The prices of our licenses to continue to expand have gone up more than 60% in one year due to not providing the same discounts as the contract even though the rep stated the price for licenses is locked in the contract. They didn’t even finish an implementation on an add on package that we purchased from them and the issue was due to their mistake and delay but their answer was, sorry, and they kept the money and we have to find another company to implement it. If you do choose to use it, you better use a 3rd party to implement it and get all possible licenses up front, but you are still going to have to renew and pay the outrageous future prices once they have you in. Small business owners with less complex needs might want to consider lower-priced alternatives for their accounting and bookkeeping needs.

Inventory records can contain an image of the item, which is handy when you have items that are similar but not identical. NetSuite includes bin tracking for pick lists and, for those who need bar coding, that’s also supported. This website is using a security service to protect itself from online attacks. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data.

Delving Deeper Beneath the Dashboard

A comprehensive report on a specific software product, aggregating feedback from real IT professionals and business leaders. NetSuite also offers a multicurrency management system that supports over 190 currencies. The software automatically calculates the exchange rate for real-time conversion. It also provides a variety of payment options to resolve international transactions seamlessly. If you have multiple clients, vendors, or partners, NetSuite can streamline your billing infrastructure. It gives you control and flexibility over your billing process through a centralized framework that includes transactions, subscriptions, and projects that go directly to the billing engine.

Additionally, you can use First-In First-Out (FIFO), Average Cost, Group Average Cost, Standard Costing, and Lot and Serialized Cost. Serialized Costing lets you assign a cost to a specific item or group of items. A landed cost includes all of the material costs incurred in getting an inventory item into the warehouse, including such things as shipping and import taxes. Oracle NetSuite OneWorld differs from entry-level ERP systems such as Cougar Mountain Denali Summit in that it offers a wide range of capabilities in just about every area customers might want to deploy ERP. That includes Project Management (PM), CRM, and Sales Force Automation (SFA).

Open Systems Traverse

However, ZarMoney’s accounting platform offers advanced inventory management features without the complexity and expenses of an ERP. Read our ZarMoney review if you’re looking for accounting and inventory software at lower prices. That said, NetSuite is the better choice of the two if you’re seeking customized user-defined strategies and advanced real-time updates and integrations. Oracle’s NetSuite netsuite erp reviews offers a cloud-based enterprise resource planning (ERP) platform with a comprehensive suite of applications, such as payroll, human resources (HR), customer relationship management (CRM) and e-commerce. 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.

Is NetSuite a good product?

Netsuite as an ERP system is ok, but implementation teams and ongoing account management are so bad that it makes for an overall poor experience. The platform and scalability of pricing are not compatible with small to medium D2C businesses.

NetSuite OpenAir is a cloud-based professional services automation solution that provides powerful project management, accounting, and timesheet expenses management, resource management, and more. Designed to meet the needs of professional services organizations of all sizes, OpenAir improves invoicing accuracy, increases in-time project delivery and services visibility, and streamlines revenue recognition. Designed for inventory-based enterprises looking to streamline processes and innovate, NetSuite is one of the top ERP software out there. Focused on financial management, this product is more sophisticated than other accounting platforms. It automates and integrates the processes in a more advanced and in-depth way we’ll see below. Plus, it comes with built-in business intelligence helping you generate actionable business insights in no time.

For many (most?) companies starting out, QuickBooks is a natural (and sold) choice for managing the books. Over time, with the growth of the company, QuickBooks will start to show its limitations and a search will begin for a replacement for QB, a new ERP system. NetSuite is certainly a leading ERP/CRM solution (they have been the https://www.bookstime.com/ “ERP of the future” for nearly 20 years now – when does the NetSuite “future” actually arrive?), and many companies are using NetSuite to grow and strengthen their business. However, at TMC we are dedicated to serving Small and Medium companies who need a Business Solution that is flexible, robust, and more importantly, scalable.

NetSuite, despite what its Sales team will claim, actually has a very weak ERP training and customer support program. We realized it when to our support team started receiving more and more requests for NetSuite Support. These calls are not being directed to NetSuite Support, but to the NetSuite partners. Of course, many of these were our own clients and we were assumed that they just preferred talking to us.