NetSuite ERP Review
- 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 comprehensive and expandable cloud-hosted ERP solution aimed towards at high-growth, mid-sized enterprises and large organizations. Users enjoy full automation of front- and back-office processes such as: financial management, revenue management, fixed assets, order management, billing, and inventory management. It enables the whole institution to have access to a modifiable look at the key performance indicators and reports depending on the staff’s position and level of authorization. In our Netsuite ERP reviews you’ll learn more about the software’s benefits, pricing, technical specs and more.
Product Quality Score
NetSuite ERP features
Main features of NetSuite ERP are:
- Audit Trail Visibility
- Tax Management
- Flexible Depreciation Management
- Workflow Management
- Fixed Asset Roll forward
- Integrated Financial Reporting
- Flexible Payment Acceptance
- Global Ready
- Fraud Prevention
- Flexible Payment Processing
- Demand Planning Engine
- Gross Requirements Inquiry
- Supply Chain Intelligence with MRP
- Cost Management
- Order Fulfillment
- Inventory Control
- Inventory Visibility
- Integrated Process Workflow
- Centralized Vendor Management
- Routing and Approval
- Shop Floor Management
- Product Costing
- Manufacturing Routing
- Bill of Materials
- Materials Resource Planning
- Flexible Billing Scheduling
- Integrated Process Workflow
- Human Capital Management
- Core HRIS
- Payroll Services
- Incentive Compensation Management
- NetSuite TribeHR
NetSuite ERP Benefits
Branded as the world’s no. 1 Financial Management solution
Employed by leading major enterprises across multiple industries, NetSuite ERP delivers the goods when it comes to addressing basic and complex accounting demands: financial close; strong expense management; streamlined and auditable revenue management; and complete real-time visibility of critical data significant to the company’s financial performance. This module fuses and functions smoothly with other NetSuite business solutions like order management, inventory, CRM and e-commerce functions.
Complete visibility of your supply chain
Among the many advantages we cite in our NetSuite ERP reviews is that it offers a comprehensive tool set that will elevate other business accounting aspects to a higher level, including: inventory management, manufacturing and purchasing features for a more efficient supply chain that provides an end-to-end, procure-to-pay process.
In addition, users experience an intelligent, real-time look at key supplier, inventory and procurement indicators. Other notable functions of this module are: self-service capabilities for partners; and enhanced collaboration between vendors and customer throughout the supply network.
Fast track quote-to-quote process
NetSuite ERP takes out human errors out of the equation and hasten up the quotation and cash order processes and other transaction. Smooth flow from sales quote to approved order, successful order to fulfillment, and on-time invoicing to payment can be attained with NetSuite ERP. Order and billing management module incorporates critical processes including sales, finance and fulfillment operations. This leads to improved quote accuracy, diminished billing mistakes, stronger revenue recognition processes and more productive fulfillment flow.
Streamlined fulfillment flow and keep customers happy
Critical customer-related information are processed through a centralized hub. This means, data regarding customer, order, invoice, and shipping are constantly updated to decrease fulfillment lapses and refrain from spending more money on shipping information reconciliation. The module is meshed with top shipping carriers (ex. FedEx and UPS) to help with clients’ shipping requirements, including up to date shipping rates and order processing costs.
Accurate Revenue Recognition Management
NetSuite ERP allows users to operate within the boundaries of accounting policies and produce on-time financial reports. The system’s recognition management lets users to determine and generate precise financial reports for both product and service sales. These reports can be customized to reflect figures based on the clients’ desired parameters.
Financial Planning Helps You Achieve Goals
NetSuite ERP has a tool that helps clients keep sight of their goals and aspiration while being flexible to cater to the constantly changing demands of the business landscape. The “what-if” financial modeling features come into play in terms of creating a workable budget as well as making forecasts and projections. With this module, clients can also perform a series of evaluation of various financial scenarios to set annual targets more accurately; and analysis of gap between actual and projected results to manage expectations.
Optimize Your Employees’ Capabilities
NetSuite Human Capital Management maximizes the talents of the people, bringing their productivity to a whole new level while still spending less in terms of human resource management. This particular module can be scaled to meet growing demands that comes with employee management and workforce development.
Get the Most Out of Your Recurring Revenue Streams
This module incorporates the users’ front- and back-office workflow for a subscription-based revenue model. It provides clients with access to complete, up-to-date view of customer information and interactions, which will greatly help in employing customer retention methods which then leads to business growth.
- Small business
- Medium business
NetSuite ERP Integrations
The following NetSuite ERP integrations are currently offered by the vendor:
- Can integrate with your existing CRM and web investments
- NetSuite CRM
- NetSuite Ecommerce,
- NetSuite Professional Services Automation (PSA)
- Third-party solutions such as:
- Dell Boomi
NetSuite ERP pricing is available in the following plans: