NetSuite ERP Reviews: Pros, Cons & Pricing of the Leading Accounting Software

NetSuite ERP Review

OUR SCORE 84%

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our score 84%

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What is NetSuite ERP
Product Quality Score
Main Features
List of Benefits
Technical Specifications
Available Integrations
Customer Support
Pricing Plans
Other Popular Software Reviews

What is NetSuite ERP?

NetSuite ERP is a scalable cloud ERP platform designed for the needs of fast growing mid-sized and large enterprises. It automates business processes including billing, order management, inventory management, revenue management, fixed assets, and financial management. Plus, it provides all employees in the organization – from top management to clerical workers – a customizable view of reports and key performance indicators for their position. NetSuite ERP smartly combines financial management with inbuilt business intelligence to enable corporations to make data-driven decisions. The solution stands out for speeding up order-to-cash processes by offering a robust order management suite which ties each sales and fulfillment workflow to pricing. In addition, it offers excellent production management tools that provide complete visibility into your production processes. This helps you efficiently place your products on the market on schedule.

Product Quality Score

Features

8.4

Ease of use

8.2

Customer support

8.4

Value for money

8.4

TOTAL SCORE

Main features

Audit Trail Visibility
Order-to-Cash
Procure-to-Pay
Tax Management
Fixed Asset Roll forward
Flexible Depreciation Management
Integrated Financial Reporting
Workflow Management
Flexible Payment Acceptance
Flexible Payment Processing
Fraud Prevention
Global Ready
Gross Requirements Inquiry
Demand Planning Engine
Supply Chain Intelligence with MRP
Cost Management
Inventory Control
Inventory Visibility
Order Fulfillment

List of Benefits

Why should you opt for this solution over others? Our NetSuite ERP review details its many benefits:

Leading Financial Management Product

NetSuite ERP is utilized by thousands of enterprises for their accounting operations such as auditable and streamlined revenue management, expense management, and financial close. Plus, they get real-time visibility into critical info on their financial performance. This platform extends the capabilities of your software infrastructure by seamlessly integrating with other NetSuite tools for e-commerce, CRM, inventory, and order management.

Full Visibility on Your Supply Chain

The suite offers a complete set of purchasing, manufacturing, and inventory management features that make your supply chain more efficient and help you deliver a seamless procure-to-pay process. Plus, you get a real-time insightful view of vital procurement, inventory, and supplier indicators. Other key features of this module are self-service tools for partners and enhanced collaboration between customer and vendors all through the supply network.

Speed Up Quote-to-Quote Process

You can eliminate manual errors and bottlenecks, and speed up the order-to-cash workflow by developing a seamless process from sales quote to final order and on-schedule invoicing to payment. NetSuite ERP reviews indicate that this software’s order and billing management component integrates your fulfillment, finance, and sales operations. The outcome is an efficient fulfillment flow, robust revenue recognition processes, minimized billing errors, and enhanced quote accuracy.

Simplify Fulfillment Flow

Order, invoice, customer, and shipping info are centralized to lessen fulfillment mistakes and avoid the expense of reconciling shipping data. This component integrates with leading shipping carriers such as UPS and FedEx to enable you to manage your shipping requirements such as order processing costs and updated shipping rates, within NetSuite.

Precise Revenue Recognition Management

This module allows you to generate on-time financial reports and comply with accounting regulations. It enables you to calculate and generate precise financial statements for both service and product sale transactions that occur either at a single point in time or are spread over different milestones.