NetSuite can grow from an SME to a large enterprise

NetSuite is an accounting platform that provides a strong Enterprise Resource Planning core.

It is built to cover a range of functional areas.

It provides sales and Customer Relation Management.

Inventory and supply chain management, as well as production and more.

You can integrate industry-specific processes that fall outside NetSuite’s capabilities.

Netsuite can handle nearly anything from CRM to ERP to accounting.

As a growing company, you can build it out in stages and install new modules as the need arises.

You can start with accounting and focus only on financial processes.

Then, you can add inventory, procurement, fulfillment, and more.

NetSuite provides strong financial management capabilities.

You can use modeling capabilities to create accurate budgets.

Both at the department and company levels.

You can streamline billing management for subscriptions.

You can use usage-based and hybrid billing models while accurately recognizing revenue.

Automate revenue scheduling, allocation, and reporting to ensure compliance with revenue recognition regulations.

You can use real-time financial data and analysis tools.

You can compare financial forecasts with actual performance.

NetSuite supports all kinds of integrations. For instance, to meet industry-specific needs.

NetSuite has an Integration Platform (iPaaS) that enables data flows between applications.

You can use NetSuite Integrations to meet specific business requirements.

You can work with your NetSuite partner to develop and install these custom integrations.

NetSuite can be customized to fit your business processes.

You can customize form layouts, fields, or dashboards.

You don’t need a lot of technical knowledge.

Disadvantages

Subscription pricing can change over time.

With each new bundle you add, you’ll see an increase in your subscription price.

You might be forced to buy a new bundle if you need a new feature.

Keep in mind that your subscription price can change each time you renew.

Basic support is limited, and more support can come at an extra cost.

To access 24/7 support and expanded online case support, you have to upgrade to Premium Support.

That comes at an extra cost.

The NetSuite support team will resolve issues, but they tend to be more technical.

They don’t always guide customers.

Less technical users might find it difficult to troubleshoot and resolve problems.

NetSuite partner will most likely offer their own support packages.

These will come at an extra cost, but it’s often lower than the NetSuite Premium package.

Customizing reports can be challenging.

NetSuite’s reporting tools are designed for non-technical users.

They provide an interface that allows you to pick from pre-defined data sources to create reports.

This is great if you want to make minor modifications.

Things like rearranging fields or formatting reports can be done quickly.

They need very little technical expertise.

You don’t have the option to easily define custom data sources.

If a data source isn’t in the pre-defined list, you’ll need custom development to create the source and a custom report.

When you create saved searches, you can only join two data sources, which puts limits on the depth of your report.

The same goes for the dashboard tool – you can pick from a pre-defined set of widgets with the option for minor customization.

But you can’t create custom widgets.