What is Oracle Netsuite?
Oracle Netsuite is an American technology company that provides software and services to assist businesses in managing their company operations. NetSuite’s project management solution enables managers and team members to collaborate on projects and manage deadlines and accurate project status at all times, allowing managers to proactively resolve potential issues with each engagement.
Netsuite began life in 1998 as web-based accounting software called NetLedger, with the company widely credited as the pioneer of cloud-based software. Headquartered in Austin, Texas, the owners listed the company on the New York stock exchange in 2007 before Oracle purchased it in 2016 for $9.3 billion. The company is now known for its solutions in enterprise resource planning (ERP), customer resource management (CRM), public service automation (PSA), inventory and warehousing, and ecommerce. Netsuite has 24 offices globally and over 31,000 customers.
With NetSuite’s cloud-based solution, participants can see, monitor and manage project status anytime and from anywhere. NetSuite’s project management solution gives you real-time access to all of your project information with complete visibility and control. It significantly improves project completion record, keep your clients happy and reduce unnecessary overheads. Project tasks and plan are all easily viewed, with exception filters to identify underperforming areas, along with quick links to other key areas of the project.
Oracle NetSuite is a flexible software that provides companies with customizable and scalable tools at all phases of business growth. A single, end-to-end solution allows organizations to protect their investments while enabling them to be more efficient, agile, and innovative. It has built-in real-time analytics and best practices ideal for specific industry sectors like retail, ad and PR agencies, wholesale distributors, and non-profits.
What popular features do you get with Oracle Netsuite?
- Gantt charting
- Powerful and visually appealing analytics
- Project profitability reporting
- Automated and streamlined processes
- Control over project risks and issues
- Excellent project tracking
- Create and Monitor Project Budgets
- Great customization
Customer Support is available at Oracle Netsuite
Netsuite offers a competent customer support service, as you’d expect given its global reach and broad customer base. You can access assistance 24/7 through email, telephone, or by using their online chatbot. There is also an extensive learning repository you can review for answers to problems and a large online community to offer assistance. All local offices have their phone numbers on the Netsuite website should all other attempts at resolution fail.
What kind of business is Oracle Netsuite ideal for?
There are so many features and so much functionality in Netsuite that it will probably overwhelm small operations and solopreneurs. A small business is unlikely to need or use such complexity. Additionally, the monthly cost for such a powerhouse will be well outside most small company budgets. However, if you’re a mid-sized organization with dozens of employees or a globally dispersed business, netsuite might be just what you need to get control over your projects. We feel medium-sized and larger businesses will find Netsuite reasonably cost-effective while allowing additional software modules to be added as your company scales.
Pros and Cons
- Simple, powerful reporting tools
- Unlimited scalability with Netsuite as your business expands
- Collaborate in real time
- Very customizable
- Single database for accuracy and security
- Process automation
- Easy to stay organised and keep project on track
- No subscription prices published, quote-only
- Pricey and complex for small business
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Here are some products we think might be a good fit based on what people like you viewed.
- Free version includes nearly all of the useful features
- It is easily customizable in terms of views, tasks, and overall custom fields
- Extremely simple to monitor project progress
- Reminders feature is extremely useful, assisting with the proactive tasks to be completed on a monthly/weekly/daily basis
How much does Oracle Netsuite cost?
*based on information provided by the vendor. Actual cost may vary.
We can’t give you any idea of the costs of implementing Netsuite, as there are no published rates. Netsuite prefers to operate on a quote-only basis after reviewing the size of your organization and your needs. We understand you pay for a license fee allowing access to the core Netsuite platform, then prices for the modules you need, and a per-employee per-month fee. There is also a fee for the initial set-up.
There’s no getting around that by the time you’ve added all those fees up, SuitePeople is not a software platform for small operations, despite Oracle’s claim to the contrary. We’ve heard a figure of $99 per employee per month quoted. While we can’t validate that, such a cost is suitable only for reasonable-sized operations or ones rapidly scaling to over fifty workers. However, for a large organization, or one already using the Netsuite ERP or CRM modules, such pricing probably won’t deter.
Netsuite is an impressive enterprise level project management that features all the tools professional project managers need to get their jobs done and manage a large team collaborations. It does away with dangerous and unreliable third-party integrations, providing a single source of information in one highly secure database. Offering efficient collaborative tools to help all stakeholders stay in the loop and keep up to date on progress toward deliverables. The analytics capabilities are impressive, with attractive presentations offering deep insight into workforce planning and reporting.
While we pale slightly at the reported cost of implementing Netsuite, we can’t help but be impressed by its functionality, ease of use, and growth opportunities. The size and scale of the Netsuite modules ensure that you will never need to change to a larger, more sophisticated provider as your business expands. If you have a medium to large business or a complex global organizational structure, Netsuite may be just what you need for your buisness.