NetSuite offers a full suite of general and advanced features with add-on upgrades and third-party apps to customize the experience. It’s a powerful option for many businesses. However, it doesn’t offer an on-premises solution and its add-on features can make it pricey. Plus, it doesn’t offer a free trial and may be harder to use than alternative options.
Let’s take a look at the pros, cons and cost of NetSuite, including when to choose a competitor:
NetSuite Pros and Cons
All ERP systems have benefits and drawbacks, and NetSuite is no different. When assessing the top alternatives, make sure you fully understand what NetSuite does well and where it can be improved. This will help you make the best decision for your business.
NetSuite is a powerful ERP system that offers robust features, including financial management, inventory management, cloud accounting, CRM functionality and reporting. You can customize your experience by adding features, such as payroll, HR, demand planning, manufacturing, fixed assets management and contract renewals. NetSuite also offers SuiteApps, a third-party app marketplace for NetSuite.
On the downside, NetSuite has a high starting price and can become even more costly if you pay for add-on features and functionalities. While it’s versatile, it can be overwhelming for some and harder to use when compared to alternative options. NetSuite is best for larger companies that need a wide range of features and customization.
NetSuite doesn’t offer publicly available pricing and doesn’t have a free trial offer, but it does offer a free demo. While this isn’t uncommon for the industry, there are NetSuite alternatives that are more affordable and offer free trials. For example, while you can purchase NetSuite’s human resource management system (HRIS) as a paid add-on, it doesn’t come with its core ERP system.
When purchasing NetSuite, you first need to choose a base package. From there, you can select the number of user licenses as well as any add-on modules. Schedule a call to get a specific quote.
When To Choose a Competitor Over NetSuite
NetSuite offers a leading ERP system with a suite of general and advanced features. However, some functionalities cost extra, making it potentially pricey versus other alternatives. Choose a NetSuite competitor if you’re looking for a better-priced ERP solution with transparent fees and on-premises capabilities.
Read our NetSuite review for a full rundown of its features, pricing and primary use cases.