Oracle Netsuite Cloud ERP Solution Overview | Compare Netsuite ERP

Oracle Netsuite Overview, Pricing, User Interface

Oracle Netsuite

What is Netsuite? | Netsuite Functionality | Netsuite Third Party Extensions | Netsuite Localization, Languages & Support | Netsuite Industries | Netsuite Pros & Cons | Netsuite History | Netsuite Deployment | Netsuite Integration | Netsuite FAQ

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Customers

15,000+

Founded

1998

Pricing

$$$$$

Deployment

Cloud

Oracle Netsuite Competitors

What is Oracle Netsuite?

Oracle Netsuite is a Software-as-a-Service (SaaS) or multi-tenant Cloud enterprise resource planning solution from American software house Oracle Corporation. Netsuite allows an organisation to integrate different parts of their business through one system, such as finance, sales, inventory & stock plus production, project management and much more. By integrating the several, siloed business functions in one place, Netsuite allows small & medium sized businesses to become more efficient and intelligent in the way they run their day to day operations.

This is nothing new and is commonly known as enterprise resource planning, however what was new about Netsuite when it was first created was that Netsuite delivered these capabilities over the internet, a.k.a. Cloud ERP. Since then, Netsuite has grown in capability and popularity. It has developed support for many more business functions, plus functionality which allows it to meet the needs of small and large organisations, plus those with niche industry capabilities.

Oracle Netsuite Functionality Overview

Oracle Netsuite provides a rich set of functionality through several modules within the software. In this section we'll take an in-depth look at the full list of Netsuite modules available and provide an overview of the functionality in this Cloud ERP solution:

Oracle Netsuite

Financial Management

Oracle Netsuite's financial management module includes accounts receivable, accounts payable, multicurrency, billing, invoicing and statutory reporting. With thousands of customers around the world, Netsuite also supports several localizations delivered out of the box or via its network of partners. 

Oracle Netsuite

Professional Services Automation

Netsuite OpenAir module provides robust professional services automation functionality covering project management and accounting, resource management, billing, revenue recognition, time recording and expenses.

Oracle Netsuite

SuiteCommerce

Netsuite omnichannel commerce unifies the various buying channels including point of sale (POS), ecommerce/online sales or traditional sales order processing, for both B2B & B2C business models. 

Oracle Netsuite

Supplier Relationship Management (SRM)

Oracle Netsuite

Human Resources (HRIS)

SuitePeople enables managers and HR professionals to streamline employee information, new hires, employee onboarding, payroll, promotions and compensation changes, all from a single Suite. SuitePeople also provides employees with the ability to request time-off, access employee directories and organization charts, monitor upcoming vacation schedules, monitor new hires and publicly recognize peers for good work.

Oracle Netsuite

Customer Relationship Management (CRM)

Netsuite CRM provides global visibility into and management of every aspect of CRM, including marketing campaigns, sales opportunities, forecasts, customer service, partner management and more

Oracle Netsuite User Interface (UI)

Oracle Netsuite takes advantage of HTML5 technology to optimise the user experience regardless of the device they are using.

Dashboards and views of Netsuite can be tailored based on the user accessing the system, allowing for the user interface to be made as simple as necessary for each of your system users.

Oracle Netsuite Demo

Get a personalized Oracle Netsuite Cloud ERP demonstration that meets your business requirements with ERP Research. 

We can organise demonstrations hassle free with as little as 48 hours notice depending on availability.

Oracle Netsuite Third Party Extensions

In this section we'll discuss the third party extensions and add-ons for Oracle Netsuite which provide additional functionality to the core Netsuite product. Netsuite calls these add-ons and modules 'SuiteApps'. SuiteApps are developed by members of the Netsuite SuiteCloud Developer network which is Netsuite's third party developer program.

SuiteApps extend the functionality of the core Netsuite product to perform tasks and capabilities for specific company and industry needs. Although SuiteApps generally work well with Netsuite, they are ultimately developed and supported by third parties rather than by Oracle or Netsuite themselves.

Netsuite SuiteApp third party extensions include additional functionality including:

• Shipping & logistics integrations.
• Expenses management & invoice automation.
• Payment gateways and processing.
• Additional localization packages.
• Configure, Price, Quote (CPQ) solutions.
• EDI integration.
• Barcode scanning.
• Field Service Management (FSM) extensions.

Oracle Netsuite Localization, Languages & Support

In this section we'll cover the localization packs, languages and support available in Oracle Netsuite.

Localizations

Netsuite claims that their software has been deployed in over 110 countries, configured towards local tax standards.

However, from Netsuite's SuiteApp website, many of them are offered via local partners rather than via Netsuite themselves. 

Languages

Netsuite currently supports 27 languages.

Support

Netsuite themselves offer two levels of support (SuiteSupport): basic and premium which offer different service level agreements (SLA's). Netsuite's local partners also offer further local support.

Oracle Netsuite Industry Fit

Which industries are best suited to Oracle Netsuite SaaS ERP and why?

Professional Services

Oracle Netsuite offers a lot of functionality that can help professional services firms including integrated financial management & accounting, deep project management, billing, customer relationship management and more. This is provided via one of Netsuites early acquisitions, OpenAir for Professional Services Automation.

Software-as-a-Service (SaaS)

Netsuite's core products were built alongside the success of Netsuite itself, one of the first SaaS companies in the world. As such it provides strong capabilities for billing, revenue recognition and professional services automation. This allows SaaS businesses to manage the whole quote to cash process as well as project fulfilment.

Ecommerce

With integrated sales, marketing, stock and financials, Netsuite ERP has proven to be popular with many small and growing e-commerce businesses. Netsuite even offers an integrated Netsuite commerce portal or can easily be integrated with common eCommerce platforms such as Shopify or Magento.

Oracle Netsuite Pros & Cons

Let's explore the various pro's & con's and strengths & weaknesses of Oracle Netsuite, provided by current users and independent analysts of the enterprise resource planning (ERP) solution:

Oracle Netsuite Pros & Strengths:

• Wide and deep functionality across several key business areas.
• True Software-as-a-service (SaaS) Cloud ERP offering.
• Largest Cloud ERP customer base and ecosystem.
• Simple and transparent pricing model.
• Strong localization capabilities for international businesses.
• Strong consultant market and availability.

Oracle Netsuite Cons & Weaknesses:

• License pricing is complex and can produce hidden costs.
• Some localisations and functionality is not provided out of the box put as part of partner extensions or 'SuiteApps'.
• Many acquisitions over the years have caused some users to suggest the solution is loosely coupled rather than a true suite. 
• Some customers have complained about high renewal costs.

Oracle Netsuite History

Netsuite was first created in 1998 under the name 'Netledger' by entrepreneur Evan Goldberg, providing web accessible financial and accounting software. From the very beginning, Netsuite had huge involvement from Oracle and the money to start the company was provided by then CEO of Oracle and Founder, Larry Ellison to the tune of $125 million. Many of the early employees at Netsuite came from Oracle, including the CTO.

Very quickly, Netsuite made several acquisitions to complement it's core accounting functionality, including Bronto, Venda, OpenAir, QuickArrow, Monexa, Retail Anywhere, OrderMotion, iQuity Solutions, TribeHR & Element Fusion. With these acquisitions under it's belt, Netsuite now offers rich capabilities for marketing automation & CRM, ecommerce, human resources solutions, professional services automation and more.

In December 2007, Netsuite IPO'd and floated on the New York Stock Exchange.

Estimates suggest that as of 2021, Netsuite has over 24,000 customers around the world running their ERP software.

Oracle Netsuite Deployment

Oracle Netsuite is only offered only as a Cloud ERP solution, in a true Software-as-a-Service (SaaS) model. The solution is hosted by Oracle Netsuite themselves and includes quarterly upgrades and product support directly from the vendor. Netsuite customers can deploy the ERP solution in any of 11 datacenters globally.

Oracle Netsuite Integration & SuiteTalk

Oracle Netsuite can be integrated with other third party applications and services and the primary way to achieve this is using Netsuites SuiteTalk.

Oracle Netsuite Pricing

Oracle Netsuite pricing is licensed on a subscription basis which is typically paid annually

Licensing is dependent on the amount of users, their level or responsibilities within the system, advanced modules and third party extensions you require.

Let us know how many users you need and we'll be in touch to provide a quick, hassle free Netsuite cost estimate.

Oracle Netsuite Frequently Asked Questions (FAQ)

Can Netsuite do payroll?

Payroll is offered as part of the core Netsuite offering under the SuitePeople umbrella for HCM. Despite this, users have claimed that payroll in Netsuite is not provided by the core Netsuite functionality and is provided by an outsourced provider.

How much does Netsuite cost?

As with any ERP solution, Netsuite has it's own set licensing, implementation and support costs. The minimum cost of a Netsuite subscription is around $25,000 annually, with implementations being 1-4x that cost. Get a free Netsuite quotation here.

Can Netsuite integrate with Salesforce?

Yes, Netsuite offers many prebuilt integration scenarios with Salesforce solutions including CRM, marketing and more. 

Which companies use Netsuite?

Netsuite is used by more than 15,000 companies in multiple industries, all over the world. The typical Netsuite customers are small businesses and SMEs ranging from $5M in revenue to multiple billions and with as few as a couple of employees to several thousands.

Can you customize Netsuite?

Yes, Netsuite offers many out of the box customization capabilities.

Where is Netsuite hosted?

According to the Netsuite website, Netsuite can be hosted in any of 11 global datacenters, increasing from 5 initially deployed by Netsuite themselves by leveraging additional Oracle datacentres. This gives Oracle Netsuite customers the ability to leverage hosting in North America, Europe, Germany, China, Japan, Australia and Singapore.

For companies who need to follow specific rules about where their data is stored or organizations that are simply risk averse, this provides a great deal of flexibility and choice versus other Cloud ERP providers.

Who are Netsuites competitors?

We commonly see customers evaluating other Cloud ERP solutions such as Microsoft 365, Sage Intacct and SAP Business ByDesign alongside Netsuite.

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