NetSuite

NetSuite Cloud Accounting Software

7.5 /10

What is NetSuite Cloud Accounting Software?

With NetSuite cloud accounting software transform your general ledger, optimize AR, automate AP and streamline tax management. Get a complete view of cash flow and financial performance.

Company Details

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NetSuite Cloud Accounting Software Ratings

Real user data aggregated to summarize the product performance and customer experience.
Download the entire Product Scorecard to access more information on NetSuite Cloud Accounting Software.

83 Likeliness to Recommend

1
Since last award

93 Plan to Renew

2
Since last award

82 Satisfaction of Cost Relative to Value

1
Since last award

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Emotional Footprint Overview

+73 Net Emotional Footprint

The emotional sentiment held by end users of the software based on their experience with the vendor. Responses are captured on an eight-point scale.

How much do users love NetSuite Cloud Accounting Software?

7% Negative

15% Neutral

78% Positive

Pros

Reliable
Respectful
Enables Productivity
Acts with Integrity

Cons

Under Delivered

Feature Ratings

Average 75

Accounts Payable Purchase Orders

General Ledger Chart of Accounts

Expense Management

Accounts Receivable Invoicing

Project Accounting

Budgeting Forecasting

Integration APIs

Cost Revenue Tracking

Reconciliation

Dashboards, Analytics and Reporting

Cash Flow Management

Vendor Capability Ratings

Average 73

Business Value Created

Breadth of Features

Quality of Features

Ease of IT Administration

Ease of Data Integration

Ease of Customization

Availability and Quality of Training

Usability and Intuitiveness

Vendor Support

Product Strategy and Rate of Improvement

Ease of Implementation

NetSuite Cloud Accounting Software Reviews

saksham t.

Role: Information Technology
Industry: Education
Involvement: Vendor Management and Renewal

Validated Review

Verified Reviewer

Submitted Jan 2022

Fantastic product

Likeliness to Recommend

9 /10

What differentiates NetSuite Cloud Accounting Software from other similar products?

Multiple features

What is your favorite aspect of this product?

Front - End

What do you dislike most about this product?

Low speed

What recommendations would you give to someone considering this product?

amazing product

Pros

Helps Innovate
Reliable
Enables Productivity
Trustworthy

Harrison V.

Role: Sales Marketing
Industry: Technology
Involvement: End User of Application

Validated Review

Verified Reviewer

Submitted Jan 2022

All in one accounting solution

Likeliness to Recommend

10 /10

What differentiates NetSuite Cloud Accounting Software from other similar products?

Netsuite offers a wide range of features that streamline all our work operations. It offers advanced accounting capabilities and others like financial , payroll inventory management.NetSuite is a great tool for accounting as it helps the business progress by increasing efficiency and productivity, while also being easy to use. Workflows are streamlined and easier to master when using this tool within your daily business operations.

What is your favorite aspect of this product?

NetSuite is easy to use and has helped our company manage all our needs under one single platform. It is ser -friendly interface has made it easy for us to adapt. It has automated all our repetitive and manual tasks increasing productivity and helping us to keep track of all our finances. It seamlessly integrates with other third-party tools to help us manage ll our bills, payroll, and inventory effectively.

What do you dislike most about this product?

The cost is high especially for each feature. To customize user roles is difficult.

What recommendations would you give to someone considering this product?

NetSuite streamlines processes and improves business performance. It is a good option for any business looking to implement accounting software. It has a vast array of features that offer value beyond the traditional ideas of what an accounting application should do.

Pros

Reliable
Efficient Service
Saves Time
Generous Negotitation

Cody M.

Role: Finance
Industry: Entertainment
Involvement: Business Leader or Manager

Validated Review

Verified Reviewer

Submitted Dec 2021

NetSuite is the ERP Leader for Customization

Likeliness to Recommend

9 /10

What differentiates NetSuite Cloud Accounting Software from other similar products?

NetSuite is an extremely flexible ERP that excels above competitor software due to its ease of API integrations, and endless customization options. While the customization may not always be simple to implement, NetSuite can be shaped and molded to nearly any unique business needs - especially those who are scaling significantly.

What is your favorite aspect of this product?

If you don't like the way something works in your ERP, NetSuite can be customized and reshaped to fit the desires. From ease of user/role maintenance to custom reporting & data feeds between systems, NetSuite is a winner. I have used a wide suite of ERPs over the years, but I have found Netsuite to be the one that best fits the widest variety of functions.

What do you dislike most about this product?

NetSuite is not the easiest platform to learn, and many of the "under the hood" functions & customization take training to understand. It may not be the most intuitive platform initially, but once one can "speak the NetSuite language", so to speak, it becomes second nature. I have personally witnessed several companies implement NetSuite incorrectly or sub-optimally due to not taking enough time to learn or rushing the implementation. These decisions are key to future success without having to rework the setup.

What recommendations would you give to someone considering this product?

If your accounting, finance, and business orgs are scaling up and need solutions that are a bit more custom or targeted, NetSuite may be a good choice. For business who can function perfectly with an "out-of-the-box" tools such as Quickbooks, it may not provide the value. For companies looking to integrate their other platforms (Salesforce, Payroll, JIRA, Tableau, etc.) with their ERP, NetSuite excels in this regard. The API functionality is quite robust, and many pre-built connecters are available to essentially plug and play.

Pros

Continually Improving Product
Reliable
Performance Enhancing
Enables Productivity

NetSuite Cloud Accounting Software

What is NetSuite Cloud Accounting Software?

Company Details

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Awards & Recognition

NetSuite Cloud Accounting Software Ratings

83 Likeliness to Recommend

1 Since last award

93 Plan to Renew

2 Since last award

82 Satisfaction of Cost Relative to Value

1 Since last award

Emotional Footprint Overview

+73 Net Emotional Footprint

How much do users love NetSuite Cloud Accounting Software?

Pros

Cons

Feature Ratings Average rating of all product features, some of which may not be shown below

Accounts Payable Purchase Orders Record of debts owing for an organization. Sometimes includes a purchase order capability

General Ledger Chart of Accounts The general ledger contains the organization’s accounts for recording assets, liabilities, revenue, and expenses.

Expense Management Includes all aspects of expense forms design, completion, submission, limits and compliance, and reporting.

Accounts Receivable Invoicing Record of claims for payment for goods or services provided. Usually includes a customer invoicing capability

Project Accounting Ability to track, report and analyse financial results and implications at an individual project level

Budgeting Forecasting Functionality allowing users to create and maintain budgets and develop forecasts, “what-if” scenarios, etc

Integration APIs Ability of the software to interface with legacy and other third party applications.

Cost Revenue Tracking The process of recording, classifying, analyzing, summarizing, and allocating costs associated with a process

Reconciliation Functionality that ensures that two sets of records (usually the balances of two accounts) are in agreement.

Dashboards, Analytics and Reporting Includes historical & real-time dashboard visualizations, detailed & summary reporting, forecasting & easy data extraction for data analysis.

Cash Flow Management Includes income and expense tracking, as well as cash flow monitoring.

Vendor Capability Ratings Average rating of all vendor capabilities, some of which may not be shown below

Business Value Created Software needs to create value for employees, customers, partners, and, ultimately, shareholders. This data expresses user satisfaction - or lack thereof - with the product's business value.

Breadth of Features Users prefer feature rich software that enables them to perform diverse series of tasks. This data expresses user satisfaction with the product's breadth of features.

Quality of Features Feature quality is just as important as quantity. Use this data to determine if this product will do what you're purchasing it to do, easily, intuitively, reliably, and effectively.

Ease of IT Administration This data indicates whether IT personnel will be able to resolve issues and perform configurations efficiently and effectively.

Ease of Data Integration Use this data to determine whether the product will cause headaches or make data integration easy.

Ease of Customization Don't get bogged down in a difficult customization; use this data to make sure you can easily achieve the functionality you need for your particular situation.

Availability and Quality of Training Effective and readily available training enables users to get the most out of the software you've chosen. Use this section to make sure your vendor's training programs and materials measure up.

Usability and Intuitiveness End user learning curves cost the organization money. Pay attention to your end users' technical ability to determine how important UX is in your purchase.

Vendor Support The importance of vendor support will vary for each organization depending on internal capabilities, but there will always be issues that only the vendor can resolve.

Product Strategy and Rate of Improvement Vendors who don't stay on top of emerging needs and trends won't enable you to meet your business goals. Use this data to separate innovators from imposters.

Ease of Implementation Successfully implementing new software is necessary to realize its full value and promote end user adoption. This data indicates whether or not the product is easy to implement.

NetSuite Cloud Accounting Software Reviews

saksham t.

Fantastic product

Likeliness to Recommend

Pros

Harrison V.

All in one accounting solution

Likeliness to Recommend

Pros

Cody M.

NetSuite is the ERP Leader for Customization

Likeliness to Recommend

Pros

Most Popular NetSuite Cloud Accounting Software Comparisons

Oracle PeopleSoft ERP

Sage Intacct

Quickbooks Enterprise

Workday Enterprise Management Cloud

Odoo

Oracle E-Business Suite

1
Since last award

2
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Feature Ratings

Accounts Payable Purchase Orders

General Ledger Chart of Accounts

Expense Management

Accounts Receivable Invoicing

Project Accounting

Budgeting Forecasting

Integration APIs

Cost Revenue Tracking

Reconciliation

Dashboards, Analytics and Reporting

Cash Flow Management

Vendor Capability Ratings

Business Value Created

Breadth of Features

Quality of Features

Ease of IT Administration

Ease of Data Integration

Ease of Customization

Availability and Quality of Training

Usability and Intuitiveness

Vendor Support

Product Strategy and Rate of Improvement

Ease of Implementation