Trying to find answers to your questions on NetSuite becomes difficult as there is not much content answering those questions on the Internet.
So we decided to put together a list of questions that are generally asked while people ask while they plan to purchase NetSuite.
The questions here are the most commonly asked questions and If you are searching for very specific questions like “what all features are covered in a specific module” or something which you don’t find the answer here you can reach out to us and we would be happy to answer them for you without any obligation.
What is NetSuite accounting software?
NetSuite accounting software is a small function of NetSuite ERP capabilities. It allows companies to manage their accounting practices using NetSuite cloud based system. The most important advantage you get here is scalability.
When a company grows it needs more features and functionality to manage the complexity within their organization. NetSuite being a complete ERP system allows you to start with its accounting functionality and later expand on features as needed.
Is NetSuite an ERP solution?
NetSuite is a complete ERP solution that provides in depth functionality to industries like, Manufacturing, Distribution, Logistics, and Services.
NetSuite provides complete solutions from customer relationship management to financials, accounting, inventory management, logistics, and project management so its customers can have a 360 view of each data point.
Is NetSuite owned by Oracle?
Oracle acquired Netsuite on 28th July 2016 for a total value of $9.3 billion. Before its acquisition, NetSuite was an independent company and was traded on the NY stock exchange by the symbol “N”.
Since its acquisition, Oracle has invested a lot to increase the footprint of NetSuite by enhancing the product functionality and adding more sales channels to support its expansion plans.
Is NetSuite cloud-based?
NetSuite is one of the first Cloud based ERP started in 1998. NetSuite only offers its ERP system on Native cloud and does not provide any hosted version of the system.
Unlike its competitors, all of NetSuite customers are on the same version of NetSuite which helps NetSuite to innovate faster and keep focus less on its legacy version support.
Is NetSuite a SaaS application?
NetSuite provides its services as a SaaS platform so customers can leverage the rich features and functionalities without any large upfront cost. Providing NetSuite as Saas offering allows even small businesses to leverage the complex functionalities of NetSuite.
Due to this offering customers do not have to be worried about their CAPEX investments and it becomes easier for them to switch technology later on if they find some other ERP a better fit for their business.
What is NetSuite OpenAir?
NetSuite Acquired a project management tool which was known as OpenAir. This system allows you to manage your professional services business by providing in depth project management and project accounting capabilities.
NetSuite OpenAir is sold as a separate product by Oracle NetSuite and seamlessly integrates with NetSuite ERP for its financial accounting.
What does NetSuite do?
NetSuite is an end-to-end solution that helps companies manage their business process and maintain compliance within the organization.
NetSuite helps companies across vertices, including, Manufacturing, Distribution, Logistics, and services to efficiently operate their business using one single platform.
Is NetSuite a CRM?
NetSuite is not just a CRM but a complete ERP system that also has CRM functionality. In case you just want to use NetSuite’s CRM features you can do that too. But In general, the value proposition comes with a combined system that allows you to view a 360 view of your data.
What are NetSuite modules?
NetSuite modules are additional functionalities in NetSuite which are sold at additional cost.
NetSuite can cater to a wide range of industries and the advanced modules help different companies from various industries meet their business requirements.
Examples of NetSuite modules are:
Inventory management Cloud services: Helps in managing inventory with barcode, batch number, Serial number.
Project management cloud services: Helps services companies manage their projects and maintain timeline and resource utilization.
Fixed asset management cloud services: Helps asset heavy companies manage their fixed assist including asset tracking, depreciation and more.
One World Cloud services: Helps companies with multiple subsidiaries, manage their business under one platform and also provides real time consolidation features across subsidiaries.
What is NetSuite Oneworld?
Oneworld module from NetSuite allows you to use NetSuite for Multiple subsidiaries of one single company. It enables you to consolidate business operations reporting in real time.
NetSuite Oneworld allows you to create multiple company instances in one NetSuite environment allowing intercompany and elimination transactions.
Can NetSuite do procurement?
NetSuite has a complete procure-to-pay flow which allows you to do your complete procurement process. In case you feel that you need additional functionalities such as Purchase requisitions, Rate contracting, Bid management you can opt for NetSuite’s “procurement management cloud services” module.
Does NetSuite support tax processes?
To support their customers with tax processes, NetSuite has launched a robust sales and tax solution called SuiteTax. This technology aids businesses in meeting their complex tax determination and reporting obligations.
Using SuiteTax, Netsuite supports tax processes across 110 countries.
SuiteTax automates the tax calculation process, removing the need for manual labor and guesswork, which can lead to mistakes.
Can NetSuite support payroll operations?
NetSuite’s capabilities on the payroll are limited considering it provides payroll services only in the US. For customers outside the US there is no option but to use a payroll system that is outside of NetSuite.
There are Oracle NetSuite partners in certain regions who have built payroll functionalities on top of NetSuite to serve their regional customers.
Who are NetSuite Customers?
NetSuite customers range from small businesses to large enterprises. Over 40,000 companies use NetSuite around the world, with industries ranging from manufacturing, distribution, and retail to professional services.
NetSuite customers are the companies who want to focus on their core business and not want to spend too much energy maintaining their ERP systems.
Does NetSuite have an open API?
NetSuite uses REST web services, an open API that provides users with seamless access to NetSuite record metadata, supports API discoverability, provides link-based navigation, and provides users with a consistent approach to interacting with both custom and standard records.
Using NetSuite API, you will be able to integrate NetSuite with any other system which you use or plan to use.
Does NetSuite integrate with Salesforce?
Integrating Oracle NetSuite ERP with Salseforce CRM is a very common scenario you would see. Both NetSuite and Salesforce have API’s to allow the two systems to integrate.
There are many companies like Celigo which provide standard connectors to Integrate NetSuite with Salesforce or you can use a NetSuite partner’s help to get the custom integration.
How to integrate NetSuite with Salesforce?
NetSuite and Salesforce both provide API’s to allow integration between them.
Below are the 3 methods to integrate NetSuite and Salesforce:
- Use a partner to do the integration.
- Use standard NetSuite – Salesforce integration connectors available.
- Use Platform based connectors like Celigo and Dell Boomi.
Can NetSuite integrate with Shopify?
NetSuite can be integrated with Shopify seamlessly. The NetSuite Integration seamlessly synchronizes data between Shopify and NetSuite.
This fully automated real-time solution saves you a lot of time by automatically syncing orders, customers, and stocks.
There’s no need to be concerned about inconsistencies in data across systems any longer! You may also optimize procedures and provide outstanding customer service by fulfilling and delivering orders on time.
You can read our detailed article on NetSuite Shopify Integration.
How much does NetSuite cost per month?
A9. NetSuite pricing is tailored to each customer based on the number of users you purchase and the functionality you require. In general, NetSuite will cost you $99 per month for the first user and $999 for the base functionality making it a total of $1098 for the first user and any additional user would add $99 to the total cost.
Each additional advanced functionality (Module) for NetSuite would cost you between $599 per month to $1999 per month.
You can refer to our blog for details on the pricing for NetSuite.
Is NetSuite worth it?
The kind of advanced level functionality NetSuite provides the anytime anywhere access features makes NetSuite worth what you pay for its subscription.
What truly makes NetSuite worth it is its plethora of features and solutions that ensure it’s useful for companies across multiple industries.
Moreover, as customers have multiple payment options and price packages to choose from, NetSuite is truly a product that helps you deliver value!
How to get a NetSuite certification?
You can get a NetSuite Cloud learning pass to get trained on NetSuite and apply for NetSuite certification on NetSuite’s website.
The Cloud Learning pass is valid for 1 year and provides you with videos and exam preparation course material.
The first exam you would need to give is called the “NetSuite Foundation” exam. To apply for NetSuite consultant exam you will have to have at least 4 projects executed under your belt.
Below are the steps to get certified on NetSuite:
Step 1: Select your preferred certification
Step 2: Train, study, and practice
Step 3: Do proper research
Step 4: Take the test
Does NetSuite have a mobile app?
NetSuite Can be accessed from its native android as well as an iOS mobile app. This app provides users with simple tools for gaining access to critical data and uploading critical data while on the go.
Netsuite’s mobile app remains in sync with its browser version so you have real time insights into your business.
Does NetSuite use SQL?
NetSuite uses Oracle Database at its backend. All the SQL queries you can execute on the Oracle database are supported by NetSuite.
That being said, NetSuite does not give you direct access to the database for security reasons but allows you to use its Saved search and Analytics features to allow you to run SQL queries on their database.
Where to find a guide on how to use NetSuite?
NetSuite provides a “Cloud learning pass” which is a portal that hosts videos on how to use NetSuite. You can also explore NetSuite’s suite answers to get help on common questions and challenges to understand how to use the system. NetSuite also has a help library which is available when you login to your NetSuite instance.
Where to find NetSuite’s latest version?
NetSuite’s latest version details can be found in Suite Answers as well as NetSuite’s Help center. NetSuite releases 2 version updates a year and names it version 1 and 2 eg. 2021.1 and 2021.2. By default, all the customers are migrated to the latest version of NetSuite with a prescheduled 20 min downtime.
Where is NetSuite’s data stored?
NetSuite has multiple data centers and hosts NetSuite across these for better redundancy. Currently, NetSuite has 12 data centers across countries. The real time status of these data centers can be viewed on the NetSuite Status site.
Why is NetSuite better than SAP?
Netsuite and SAP features are very similar but the advantage comes from NetSuite being a true cloud application. With it’s multi-tenant capabilities NetSuite provides automated and seamless upgrades so you do not have to run the upgrade as a separate project.
Why is NetSuite better than QuickBooks?
Quickbooks is financial accounting software and is limited with its functionalities. NetSuite is a complete ERP system that enables you to manage your entire financial as well as operational and sales activities.
Generally, people start from QuickBooks and migrate to NetSuite when they need a system to cater to more complex operations.
Why is NetSuite so expensive?
If you only look at the cost side, NetSuite looks expensive. But if you look at the technology and security NetSuite provides, NetSuite gives you value for money.
When you subscribe to NetSuite, you also get licenses to its underlying infrastructure including, Server subscription, Database licenses and other hardware infrastructure.
Who are NetSuite’s competitors?
Below is the list of software that competes with NetSuite
- SAP Business one
- SAP ByD (Business by Design)
- Microsoft Dynamics 365
- Microsoft Dynamics AX
- Microsoft Navision
- QuickBooks
- Acumatica
