NetSuite OneWorld Valuable Features

HP
VP of Operations at a manufacturing company with 11-50 employees

It helped reduce redundancies in workflows by at least 25% or so.

It's easy to find records, POCs, sales orders, et cetera, as they are all connected.

We didn't have to add headcount or lose employees. We simply retrained them using this process.

The solution saves us a lot of time. It automates a lot of processes.

It allows us to track every aspect of an order to learn about if we are meeting deadlines and why/why not so we can further adjust our processes.

The solution is very good with integration. We were able to integrate DocuSign with NetSuite. That gave us another layer of automation that allowed us to get digital signatures. We did not have to take a lot of extra steps - such as printing, signing, scanning, reattaching, sending via email, et cetera. The system also allowed us to email automatically directly out of the system. We aren't constantly having to jump out of the system to do other processes. It was all contained and thus the communications stayed with those transactions. It really greases the skids all the way through.

We could work in multicurrency, which is what OneWorld allows you to do. It also allows you to have different setups for different city areas based on the company structure that you use. We were able to add and manage multiple virtual warehouses. You can have as many as you want. 

The reporting is user-friendly. You could create any kind of reports you wanted. 

The dashboards allow you to have all that information available to you as soon as you log in. For example, in accounting, once fulfillment is done, they know exactly what can be invoiced as it would show up in a saved search list and they knew exactly which ones they could invoice. If you set the dashboards up correctly, it provides that information at a glance along with financial reports and other things that it provides.

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. For example, we had a situation where there were certain fields that need to be updated as a result of other fields. What we did was we created custom fields so that if that field got updated, a script would run overnight. It got updated and it would go and populate the other field, which would normally have to be a manual process. Instead of having to compare and make updates, the system was doing it automatically, saving additional time. With all that time that we saved, we were able to redeploy to customer-facing activities, which were more important rather than maintenance of the system.

Its ability to maintain those customizations in that scripting, upgrades, and updates to the system notwithstanding, was phenomenal my experience previously was anytime you made customizations and there was an upgrade, things would get wonky. In NetSuite, that doesn't happen as they're upgrading the core functionality and you get that as a user, which they do twice a year. You never have to worry, however, as all your scripts and customizations are never touched. They're not impacted by those changes, which is really a great benefit to anybody who's been down that road.

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John Cirocco - PeerSpot reviewer
Senior NetSuite Administrator at Storyteller Overland

Inventory management in NetSuite OneWorld is one of the best in the industry, so this feature is what I like most about the solution.

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JF
Chief Financial Officer at a energy/utilities company with 1,001-5,000 employees

The solution is user-friendly and flexible.

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Buyer's Guide
NetSuite OneWorld
March 2024
Learn what your peers think about NetSuite OneWorld. Get advice and tips from experienced pros sharing their opinions. Updated: March 2024.
765,234 professionals have used our research since 2012.
MC
Consultant at Infervise

NetSuite OneWorld, the consolidation feature has been incredibly valuable. However, I cannot speak to the full range of features and functionalities offered by OneWorld as I am not familiar with all of them. I have utilized OneWorld primarily in the biotech industry, with a focus on operating expenses and financial reporting, such as capital contributions and foreign currency adjustments. I am confident, however, that OneWorld offers a robust module for reporting and consolidating revenue, though I have not had the opportunity to directly utilize this aspect of the software.

I have had a positive experience using the solution, particularly when it comes to managing the general ledger, accounting financials, and general entries.

The platform is user-friendly and provides a great alternative to QuickBooks, which I personally dislike. If you have the budget and the means, I would strongly recommend utilizing this system.

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MV
Consultant at RDM Tech Solutions

NetSuite OneWorld is a single instance that allows you to do different business functions, such as reporting, order-to-cash, design-build, and procure-to-pay. This feature is what's most valuable in the solution.

You can do different processes or focus on various areas within a single instance. You can do financial reporting, tracking, purchasing, and sales, in one NetSuite OneWorld system.

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GH
Director at a consultancy with 1-10 employees

Most pre-commercial, pre-IPO pharma developments are running on QuickBooks, which is fine for early stages. This is not so good when you get into SEC reporting, advanced analytics, what-if projections for lifecycle, and acquisition decision-making, along with the historic providers of pharma ERP: SAP, Oracle, MS Dynamics AX, Lawson, etc. are million dollar investments (granted), and if actual manufacturing is present, these are all excellent solutions. 

For a niche pharmaceutical, that is always going to have a moderate volume with outsourced manufacturing, NetSuite has a ton of advantages. More emerging pharma companies are going this route for these reasons: Lowers costs, produces higher efficiencies, while maintaining a leaner staff and produces advanced financials. It is all there. 

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Shiral Soysa - PeerSpot reviewer
Chief Operating Officer at Digital365

The customization options have definitely positively impacted our business workflows, especially when it comes to dashboard analysis and management accounting reporting. As for real-time analytics, it's a feature we utilize for making informed business decisions.

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KS
Director of Finance at a construction company with 51-200 employees
  • Resourcing
  • Financial
  • Reporting
  • Project tracking
  • Executive dashboards
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AA
Director of Information Systems at a energy/utilities company with 51-200 employees

Basic accounting and finance: order to cash, procure to pay, and reporting. Utilizes best practices that are simple to implement.

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AL
Territory Manager LATAM at LeaseWeb

Embedded business intelligence is a valuable feature. There is also no need to wait for extract functions, and each transaction is reflected in the system dashboards in real time. 

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it_user783078 - PeerSpot reviewer
NetSuite Administrator and DBA at a marketing services firm with 501-1,000 employees

Highly customizable: Allows us to use it the way we need to instead of changing our needs and processes to fit the product.

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Buyer's Guide
NetSuite OneWorld
March 2024
Learn what your peers think about NetSuite OneWorld. Get advice and tips from experienced pros sharing their opinions. Updated: March 2024.
765,234 professionals have used our research since 2012.