NetSuite ERP 2025 Verified Reviews, Pros & Cons

It integrates finance, sales, supply chain management, production, and more. The system came highly recommended to us and we were confident in implementing Netsuite as our ERP. However, in our time on Netsuite, we have found the pricing predatory and never felt like we truly owned our data. Our daily processes in the software are slow and inefficient, often struggling with what we would deem basic business practices for our industry (manufacturing). The system may be a great fit for some businesses but it was not the right ERP for ours. Those interested in the software will need to schedule a consultation for pricing.

QuickBooks Desktop Enterprise

Also keep in mind that along with the annual cost of the software there will be an expensive integration process. Helping busy founders and busy owners streamline their accounting & bookkeeping with services designed from and for the perspective of business owners. So, these were the main pros and cons of the software representing the NetSuite software reviews more accurately. However, for precision, let’s have a look at the NetSuite pricing.

NetSuite ERP

• However, your investment in this cloud-based ERP and CRM solution would be worthless if you don’t move smartly and cautiously.
• Feel free to address any questions or concerns that you may have by talking with a NetSuite representative.
• NetSuite was a good solution but they priced themselves out of consideration for us.
• Even though NetSuite’s information and services are stored online instead of on individual computers, there is an implementation procedure to set up the software.

Be prepared to spend a hundreds of hours to understand the software – it is not always intuitive. As a retail and distribution company that grew out of Quick Books Desktop, Netsuite was apparently the the next solution. Although I still believe the software has much to offer, user interface is about 10 years behind time.

Best practices for Odoo integration: 6 tips for successful implementation

• While NetSuite isn’t the only platform we reviewed that prioritizes international currency, it does so at greater depth than others.
• Unlike QuickBooks Online Advanced, a top contender in the space, Oracle NetSuite doesn’t limit the number of users, and its reports are more advanced than QuickBooks’.
• After you send an estimate, you can easily convert it into an invoice.
• As you select an ERP system, you want to make sure it integrates with the tools you already use.

NetSuite was founded in 1998 by Evan Goldberg, who had previously worked at Oracle. Goldberg recognized that legacy client-server accounting software was inadequate for modern web-based businesses. He envisioned a cloud-based system that could provide integrated business management software. Along with his team, Goldberg spent two years developing the initial version of NetSuite, which launched in 1999 as Certified Bookkeeper the first software-as-a-service (SaaS) financial management system.

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From CRM to automation, from data presentation to warehouse management, and many more, NetSuite can take care of all the requirements of the business from a single space. 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. Business News Daily provides resources, advice and product reviews to drive business growth. Our mission is to equip business owners with the knowledge and confidence to make informed decisions.

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• Overall, we found Oracle NetSuite to be a very powerful, robust platform that has all the bells and whistles to manage many moving parts.
• It fully integrates with the platform’s advanced revenue management and compliance functions.
• So if your business is already deep in the Microsoft ecosystem, Microsoft Dynamics 365 may make more sense for your business than NetSuite.
• There are also plugins and tools which you can use to connect NetSuite and WordPress.
• These will provide further insight into whether you should use the tool in your business or not.

R2R ensures accuracy in financial reporting, P2P optimizes procurement processes, OTC manages the entire sales cycle, FAM efficiently handles fixed assets, and SRP enhances service-oriented businesses. Implementation costs for NetSuite can vary based on the complexity of the setup and the level of customization required. On average, small to medium-sized businesses can expect implementation costs to start from $10,000 to $50,000, while larger enterprises might incur costs ranging from $100,000 to $500,000.

NetSuite’s core ERP platform includes accounting, bookkeeping and payroll services inventory management, order management and tax management. However, there is no shortage of modules you can choose from to completely customize your experience. These include payroll, HR, performance management SuiteCommerce, demand planning, manufacturing, fixed assets management and contract renewals. Oracle NetSuite integrates easily with all modules like CRM, human capital management software, inventory management software, and other available platform modules.

How many users does the platform allow per account?

Another feature that’s not so easy to find in other ERP tools or platforms is campaign management. NetSuite allows the users to manage the existing campaigns run by the organizations. For the same, the platform offers real-time and well-devised information. This information is not a mere prediction but well-researched and compared data that can be helpful for the growth of the business if followed accurately.