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NetSuite

by Oracle · Since 1977
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ActiveAvailable globallyCloud
Quick facts
VendorOracle
Year launched1977
StatusActive
LocationOracle Corporation 2300 Oracle Way Austin, TX 78741
Countries servedGlobal
Languages21
Integrations12+
Free tier
Free trial
Contact salesYES

About NetSuite

NetSuite is a cloud business software platform from Oracle that provides integrated solutions for accounting, ERP, CRM, and ecommerce. It offers financial management, enterprise performance management, and order management so businesses can manage their operations more effectively. Additionally, NetSuite includes inventory management features that help organizations maintain optimal stock levels. This platform is designed to support a wide range of business processes, making it suitable for various industries. Key capabilities: financial management enterprise performance management order management inventory management ecommerce solutions Best for: businesses that need an integrated approach to managing financials and operations.

NetSuite, developed by Oracle, is a comprehensive cloud-based accounting software that stands out in the accounting category for its robust features and scalability. Oracle, a leader in enterprise software solutions, has designed NetSuite to cater to businesses of all sizes, making it a versatile tool for managing financial operations. NetSuite offers a complete financial management solution that includes core accounting functions such as accounts payable, accounts receivable, general ledger, and tax management. Its cloud-based nature allows for real-time access to financial data from anywhere, which is particularly beneficial for businesses with multiple locations or remote teams. This accessibility ensures that financial information is always up-to-date, enabling more accurate reporting and better decision-making. One of the key strengths of NetSuite is its automation capabilities. The software automates many of the routine accounting tasks, such as invoicing, expense management, and bank reconciliation. This not only reduces the time spent on manual data entry but also minimizes the risk of human error.

Pros & Cons

What users like
  • +• Comprehensive Financial Management: NetSuite offers a wide range of accounting features, including accounts payable, accounts receivable, general ledger, and tax management, all integrated into one platform.
  • +• Automation: The software automates routine accounting tasks, such as invoicing and bank reconciliation, reducing manual effort and minimizing the risk of errors.
  • +• Real-Time Data Access: Being cloud-based, NetSuite allows real-time access to financial data from anywhere, ensuring up-to-date information for better decision-making.
  • +• Integration Capabilities: NetSuite easily integrates with other Oracle products and third-party applications, creating a seamless flow of information across different departments.
  • +• Scalability: The software is designed to grow with businesses, accommodating increased transaction volumes and additional users as needed, making it suitable for businesses of all sizes.
  • +• Customizable Reporting: NetSuite offers customizable financial reports, allowing businesses to generate insights tailored to their specific needs.
  • +• User-Friendly Interface: Despite its extensive capabilities, NetSuite has an intuitive and user-friendly interface, making it easier for users to navigate and manage financial operations.
What users flag
  • • Complex Implementation: Due to its comprehensive nature, the initial implementation of NetSuite can be complex and time-consuming, particularly for businesses unfamiliar with such advanced tools.
  • • Cost: NetSuite's pricing structure can be a barrier for smaller businesses or startups with limited budgets, making it less accessible to those who may not require all of its features.
  • • Learning Curve: While the interface is user-friendly, the extensive functionality of NetSuite may result in a steep learning curve for new users, requiring time and training to fully utilize the software.
  • • Customization Limitations: Although NetSuite offers customization, certain advanced customizations may require technical expertise or additional support, potentially adding to the overall cost and time investment.
  • • Customer Support: Some users have reported challenges with customer support, particularly in receiving timely responses or resolving complex issues.

Features

Key features

ERP/Financials
Core accounting functionality, including general ledger, accounts receivable, accounts payable, and financial reporting.
CRM
Customer relationship management tools to manage sales leads, opportunities, and customer interactions.
E-commerce
Online store capabilities to sell products and services.
Human Capital Management
Tools for managing employee information, payroll, benefits, and performance.
Professional Services Automation
Features for managing professional services projects, time tracking, and billing.

Additional features

• General Ledger
Manage accounting transactions, create journal entries, and reconcile accounts.
• Accounts Receivable
Track customer invoices, payments, and credit terms.
• Accounts Payable
Manage vendor invoices, payments, and due dates.
• Cash Flow Management
Monitor cash flow, forecast future cash needs, and manage bank accounts.
• Financial Reporting
Generate various financial reports, including profit and loss statements, balance sheets, and cash flow statements.
• Fixed Asset Management
Track depreciation, maintenance, and disposal of fixed assets.
• Multi-Currency
Handle transactions in multiple currencies.
• Consolidation
Consolidate financial data from multiple subsidiaries or divisions.
• Tax Management
Manage sales tax, VAT, and other taxes.
• Lead Management
Track and nurture sales leads.
• Opportunity Management
Manage sales opportunities from lead to close.
• Customer Relationship Management
Manage customer interactions, contacts, and account information.
• Salesforce Integration
Integrate with Salesforce CRM for enhanced sales capabilities.
• Online Store
Create and manage an online store.
• Product Catalog
Manage product information, pricing, and inventory.
• Order Management
Process orders, manage shipping, and track fulfillment.
• Payment Processing
Accept online payments through various gateways.
• Employee Management
Manage employee information, including contact details, job titles, and compensation.
• Payroll
Process payroll, calculate taxes, and manage benefits.
• Time and Attendance
Track employee time and attendance.
• Performance Management
Set goals, conduct performance reviews, and manage employee development.
• Recruitment
Manage job postings, candidate applications, and interviews.
• Project Management
Plan, schedule, and track projects.
• Time Tracking
Track time spent on projects and tasks.
• Expense Management
Track employee expenses and reimbursements.
• Billing
Create and send invoices for professional services.
• Inventory Management
Track inventory levels, reorder points, and manage stock transfers.
• Purchasing
Manage purchase orders, vendor relationships, and receiving.
• Demand Planning
Forecast demand for products and services.
• Warehouse Management
Manage warehouse operations, including receiving, putaway, and picking.
• Reporting and Analytics
Generate custom reports and dashboards to analyze business performance.
• Data Visualization
Visualize data with charts, graphs, and other tools.
• Predictive Analytics
Use data to forecast future trends and make data-driven decisions.

Pricing

Free trial
Free version
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Countries & Languages

Global
Countries served
21
Interface languages
9
Billing currencies

Interface languages

CzechDanishGermanEnglishFinnishFrenchIndonesianItalianJapaneseKoreanDutchNorwegianPortugueseRussianSpanishSwedishThaiTurkishVietnameseChinese (Simplified)Chinese (Traditional)

Billing currencies

🇺🇸USD🇪🇺EUR🇬🇧GBP🇦🇺AUD🇨🇦CAD🇨🇳CNY🇯🇵JPY🇮🇳INR🇧🇷BRL

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