Try our new research platform with insights from 80,000+ expert users
NetSuite ERP Logo

NetSuite ERP pros and cons

Vendor: NetSuite
3.9 out of 5
Badge Ranked 1
1,524 followers
Post review

Pros & Cons summary

Buyer's Guide

Get pricing advice, tips, use cases and valuable features from real users of this product.
Get the report

Prominent pros & cons

PROS

NetSuite ERP is highly configurable, allowing for additional functionality and industry-specific customization.
It integrates various features like manufacturing, accounting, financials, inventory, and purchasing seamlessly.
The platform supports effective project management and inventory management, automating processes like milestone billings and managing profitability.
NetSuite ERP offers robust reporting capabilities with many industry-standard reports, focusing on finance and inventory.
Users benefit from real-time postings into the general ledger, enhancing visibility into profitability at the order level.

CONS

NetSuite ERP has limitations in processing large volumes of data in custom ways.
NetSuite ERP could improve its warehouse management and manufacturing features.
NetSuite ERP's payroll and tax functionalities are lacking, requiring outsourcing.
NetSuite ERP needs to enhance its accounting capabilities, particularly in maintaining sub-ledgers.
NetSuite ERP's customization requires a strong development team, which can be scarce.
 

NetSuite ERP Pros review quotes

GH
Mar 3, 2021
The most valuable feature is that it works according to how the Internet works.
DB
Jul 16, 2020
I would say that the solution is highly configurable.
RW
Nov 20, 2020
The user interface is very good.
Learn what your peers think about NetSuite ERP. Get advice and tips from experienced pros sharing their opinions. Updated: November 2024.
817,234 professionals have used our research since 2012.
GirirajInja - PeerSpot reviewer
Oct 12, 2022
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.
JH
Dec 21, 2022
NetSuite ERP has dramatically improved our organization. We went from QuickBooks to NetSuite. You can compare this transition to changing from tennis shoes to a flying car.
SudhakarJha - PeerSpot reviewer
May 15, 2022
We can install the bundles based on our needs.
Mohammed Shakir Ibrahim - PeerSpot reviewer
Jan 30, 2023
NetSuite is significantly more affordable than Oracle EBS and offers a wider range of features than other OEMs.
reviewer1525929 - PeerSpot reviewer
May 25, 2021
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.
Haggit Russo - PeerSpot reviewer
Sep 30, 2024
The features that have been most effective in improving the financial management perspective include the budgeting, revenue recognition, and accounting perspectives.
WA
Mar 25, 2024
The inventory feature in NetSuite ERP is very valuable to me because it provides clear estimates about the depreciation of details and includes useful mobile modules.
 

NetSuite ERP Cons review quotes

GH
Mar 3, 2021
What needs to be improved is the development in the other areas and other businesses that can use NetSuite.
DB
Jul 16, 2020
In terms of the main improvement to NetSuite is the talent itself. It's grown so fast and there are about 25,000 companies running on it, and it's a relatively newer system compared to other competitors. It's growing so fast that the talent base in the partner organization (there's about 200 of them), is pretty thin.
RW
Nov 20, 2020
Some of the features around the payroll and payroll taxes and management of that are lacking. We had to outsource some of that because we found that the functionality isn't there.
Learn what your peers think about NetSuite ERP. Get advice and tips from experienced pros sharing their opinions. Updated: November 2024.
817,234 professionals have used our research since 2012.
GirirajInja - PeerSpot reviewer
Oct 12, 2022
An area for improvement in NetSuite ERP is its accounting functionality because it has certain limitations. You can't maintain sub-ledgers or post accrued expenses in sub-ledger forms, so you'll need to post in journals. The pricing is another area that can be improved in NetSuite ERP because the pricing was lower when it wasn't part of Oracle, but after Oracle acquired Netsuite and NetSuite ERP was offered as a cloud service, the price went up.
JH
Dec 21, 2022
The areas that this product needs to improve on is the implementation and inventory processes.
SudhakarJha - PeerSpot reviewer
May 15, 2022
If they could provide more integration options to connect with different products, that would be ideal.
Mohammed Shakir Ibrahim - PeerSpot reviewer
Jan 30, 2023
Additionally, adding advanced modules such as AI components or customer service modules could help the system become more scalable.
reviewer1525929 - PeerSpot reviewer
May 25, 2021
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.
Haggit Russo - PeerSpot reviewer
Sep 30, 2024
The custom reports could be improved.
WA
Mar 25, 2024
I would like to see improved customization options in NetSuite ERP, possibly through generative modules, to enhance flexibility and efficiency.