NetSuite

Founded by Evan Goldberg in 1998

Manage finances, inventory, orders, and HR in one system

Cost

Demo

Rating

★ Mixed Reviews

Time to value

Long Setup (> 1 day)

You can use NetSuite to run core business operations including accounting, financial planning, inventory management, order management, and human resources. It gives companies a single database for tracking revenue, expenses, and compliance across departments. You can generate financial reports, manage multi-currency transactions, automate billing, and track warehouse stock. It also includes CRM features for managing customer relationships and sales pipelines, making it useful for businesses that want to consolidate multiple back-office functions.

What NetSuite does

Create and send customer invoices automaticallyReconcile bank transactions with accounting recordsGenerate profit and loss reports by departmentSet reorder points and trigger purchase orders when stock runs lowProcess employee expense reports and reimbursementsTrack project costs against budgets in real timeManage multi-location inventory transfersRun financial consolidations across multiple business entitiesSingle database for financials, inventory, orders, and HRReal-time financial dashboards and custom reportsMulti-currency and multi-subsidiary support for global operationsAutomated billing and revenue recognitionBuilt-in CRM to track customers and sales pipelineInventory tracking across multiple warehouse locationsSuiteApp marketplace for adding industry-specific modulesRole-based access controls for different departments