NetSuite ERP vs NetSuite OneWorld comparison

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Executive Summary

We performed a comparison between NetSuite ERP and NetSuite OneWorld based on real PeerSpot user reviews.

Find out what your peers are saying about Oracle, NetSuite, SAP and others in Cloud ERP.
To learn more, read our detailed Cloud ERP Report (Updated: November 2022).
655,465 professionals have used our research since 2012.
Featured Review
Quotes From Members
We asked business professionals to review the solutions they use.
Here are some excerpts of what they said:
Pros
"Every year, they release a new version.""We can install the bundles based on our needs.""NetSuite ERP is good for a trading company that involves buying and selling.""The project management aspect and the timesheets are valuable, especially for ensuring that our milestone billings are automated properly. From a manufacturing perspective, it is more to do with the entire management of the inventory, the overall finance, consolidation of books of accounts, and managing the profit and loss in a more effective manner.""The most valuable feature is that it works according to how the Internet works.""As NetSuite ERP is a cloud product, a valuable feature I found in it is the very friendly user interface. You can set up shortcuts within the applications for frequently used reports or navigation. You can also customize dashboards in NetSuite ERP. Another feature I found valuable in the solution is good reporting. It has many industry-standard reports focused on finance and inventory. I also like the seamless switching between production and test environments and that you can customize the environments within NetSuite ERP. For example, you can put banners on your test and production environments to differentiate or segregate the logins to prevent mistakes. The solution is pretty easy to use and navigate, and it's more of a lightweight software. I like that it's a cloud product, so work is done on the front end rather than the back end. There's also a community for NetSuite ERP where you can raise your queries and issues. You'll find other people sharing experiences about common issues so you can get quick fixes from the community.""The most valuable feature in NetSuite ERP is the user interface.""The most valuable aspect of NetSuite ERP is the multi-subsidiary portion, it is the strongest across all the other ERPs. If you want to do consolidations, it works a lot better than other tools."

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"NetSuite is a great solution, fast to bring up and makes everyone's life easier.""Lowers costs, produces higher efficiencies, while maintaining a leaner staff and produces advanced financials.""The solution is scalable.""The ability to customize it to create custom fields that are reportable, and then to be able to write script behind it to automate other processes that might otherwise be manual is great."

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Cons
"If you do go through an implementor, you need to be careful that they are actual implementors and not just resellers.""The pricing is high.""If they could provide more integration options to connect with different products, that would be ideal.""It would be great if they offered localization for Central America.""The solution is not user-friendly and it is complex to use.""There is a lot of room for improvement. Multiple manufacturing features need to be updated on NetSuite. More functionalities need to be added. I think there are a lot of functionalities coming out for warehouse management systems and manufacturing automation via advanced manufacturing functionalities. I think they need to improve a little more on those aspects and make it easier on the scheduling aspect.""The solution could be more stable.""What needs to be improved is the development in the other areas and other businesses that can use NetSuite."

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"There is not a 20 year pedigree of pharma experience in the NetSuite channel. While there are many of these CMO Pharma companies rapidly moving to NetSuite, there are few consultants with true pharma experience. Those who have experience are stretched pretty thin.""If you were to use standard costs, it doesn't handle standard costs well.""The solution could improve by having more integration."

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Pricing and Cost Advice
  • "When people buy ERP, it's a competitive situation and the pricing is paramount."
  • "It is completely on a subscription basis. We pay yearly and, and you do not have to do anything on a monthly basis. Prices depend on the organization's scale and all those things, but they are doing a good job with the pricing."
  • "There is an annual license required to use this solution."
  • "The price of the solution is quite high."
  • "NetSuite ERP has a cost per module you want to use, and then you have the license per user."
  • "Pricing for NetSuite ERP is okay, but it could be better. The licensing model for NetSuite ERP is based on the number of modules and users. The standard license covers up to twenty-five users. If you have more than twenty-five users, you'll have to buy the premium license, which would double the price. For one module with five user licenses, the cost is between $40,000 to $50,000."
  • More NetSuite ERP Pricing and Cost Advice →

  • "Do not try to go it alone. Get a consultant who has been there and listens."
  • "NetSuite offers a great many advantages, including a cost of about third of the traditional pharma manufacturing ERP packages."
  • More NetSuite OneWorld Pricing and Cost Advice →

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    Questions from the Community
    Top Answer:The project management aspect and the timesheets are valuable, especially for ensuring that our milestone billings are automated properly. From a manufacturing perspective, it is more to do with the… more »
    Top Answer:It is completely on a subscription basis. We pay yearly and, and you do not have to do anything on a monthly basis. Prices depend on the organization's scale and all those things, but they are doing a… more »
    Top Answer:There is a lot of room for improvement. Multiple manufacturing features need to be updated on NetSuite. More functionalities need to be added. I think there are a lot of functionalities coming out for… more »
    Top Answer:To go into a little more depth - tracking our clients who've chosen NetSuite over other traditional ERP systems, my view has changed.  Originally, we thought clients were reacting to the… more »
    Top Answer:It's a bit pricey. It's probably at the higher end. I wouldn't say it's exorbitantly expensive, however, it's not inexpensive. It's certainly higher priced than Acumatica. We felt, for what we wanted… more »
    Top Answer:There are different inventory evaluation methods that you can use with NetSuite. It natively does average costs all the time. It does that just fine, however, if you were to use standard costs, it… more »
    Ranking
    2nd
    out of 14 in Cloud ERP
    Views
    7,696
    Comparisons
    5,196
    Reviews
    8
    Average Words per Review
    1,181
    Rating
    7.4
    11th
    out of 60 in ERP
    Views
    1,197
    Comparisons
    783
    Reviews
    3
    Average Words per Review
    1,357
    Rating
    8.3
    Comparisons
    Learn More
    Overview
    Global ERP NetSuite OneWorld Allows Companies to Manage Back Office Operations Globally AND Locally. NetSuite OneWorld addresses the complex multi-national and multi-company needs of mid-market organizations. Enable businesses to adjust for currency, taxation and legal compliance differences at the local level, with regional and global business consolidation and roll-up. Get unprecedented visibility of your business worldwide in real time, ensuring consistent, compliant management across the organization, locally and globally. NetSuite OneWorld can populate a single charts-of-accounts across subsidiaries, or use separate charts-of-accounts for each company with postings between subsidiaries such as expense allocation managed via inter-company journals. Local taxes are readily handled across subsidiaries with an embedded tax engine that allows for multiple tax schedules for everything from GST, to VAT, to consumption tax or general sales tax. Revenue recognition, local financial reporting and compliance are also built-in components. And OneWorld allows for global order management and sourcing with the ability to manage inventory and fulfillment across multiple locations with product items represented globally or on a per subsidiary basis.
    A comprehensive web-based solution, NetSuite is the industry's first and only Software-as-a-Service (SaaS) business software that supports your entire company from accounting/enterprise resource planning (ERP) to customer relationship management (CRM), professional services automation (PSA) and eCommerce in a single, integrated and powerful business management software solution.
    Offer
    Learn more about NetSuite ERP
    Learn more about NetSuite OneWorld
    Sample Customers
    2Pure, Accuvant, Actian, Adtegrity, Advantage Sign Supply, All-Safe Pool Safety Products, Alton Lane, AMC Liquidators
    Lovesac, Land O'Lakes, Shaw, Kiva, SRS Acquiom, CommVault, Thomas Baker
    Top Industries
    REVIEWERS
    Integrator14%
    Recreational Facilities/Services Company14%
    Computer Software Company14%
    Transportation Company14%
    VISITORS READING REVIEWS
    Computer Software Company24%
    Comms Service Provider9%
    Educational Organization6%
    Financial Services Firm6%
    VISITORS READING REVIEWS
    Computer Software Company24%
    Comms Service Provider12%
    Manufacturing Company7%
    Healthcare Company6%
    Company Size
    REVIEWERS
    Small Business63%
    Midsize Enterprise21%
    Large Enterprise17%
    VISITORS READING REVIEWS
    Small Business28%
    Midsize Enterprise16%
    Large Enterprise56%
    REVIEWERS
    Small Business63%
    Midsize Enterprise25%
    Large Enterprise13%
    VISITORS READING REVIEWS
    Small Business34%
    Midsize Enterprise10%
    Large Enterprise56%
    Buyer's Guide
    Cloud ERP
    November 2022
    Find out what your peers are saying about Oracle, NetSuite, SAP and others in Cloud ERP. Updated: November 2022.
    655,465 professionals have used our research since 2012.

    NetSuite ERP is ranked 2nd in Cloud ERP with 10 reviews while NetSuite OneWorld is ranked 11th in ERP with 3 reviews. NetSuite ERP is rated 7.4, while NetSuite OneWorld is rated 8.4. The top reviewer of NetSuite ERP writes "Carries a broad range of applications, specifically in the field services area". On the other hand, the top reviewer of NetSuite OneWorld writes "Customizable with great integration capabilities and very good stability". NetSuite ERP is most compared with SAP S/4HANA, Oracle ERP Cloud, Oracle E-Business Suite, SAP Business ByDesign and JD Edwards EnterpriseOne, whereas NetSuite OneWorld is most compared with SAP Business One, JD Edwards EnterpriseOne, SAP S/4HANA, PeopleSoft and JD Edwards World.

    We monitor all Cloud ERP reviews to prevent fraudulent reviews and keep review quality high. We do not post reviews by company employees or direct competitors. We validate each review for authenticity via cross-reference with LinkedIn, and personal follow-up with the reviewer when necessary.