Everything about NetSuite the world's #1 cloud ERP.
A guide written by people who work with NetSuite every day. What it is, how it works, what modules it has, which companies it suits, and why they choose it over SAP, Odoo and other ERPs.
NetSuite is Oracle's cloud ERP
Oracle NetSuite is an integrated business management system (ERP) 100% cloud-based. It connects finance, accounting, inventory, sales, CRM, e-commerce and operations in a single platform, accessible from any device with internet.
It was the first cloud ERP. It started in 1998 as NetLedger and was renamed NetSuite in 2003. Today tens of thousands of companies run on it worldwide, from growing startups to global corporations. Owned by Oracle since 2016.
Unlike traditional ERPs (SAP, on-premise ERPs), NetSuite doesn't require servers of your own and updates itself twice a year, without the migration projects an installed version demands.
Everything your company needs, in a single platform
NetSuite replaces dozens of scattered systems. These are the main modules:
Finance & Accounting
Multi-currency accounting, general ledger, accounts receivable/payable, bank reconciliation, real-time financial reporting.
CRM & Sales
Sales pipeline, opportunity management, quotes, contacts and customer tracking integrated with the ERP.
Inventory & Supply Chain
Multi-warehouse stock control, purchase orders, supplier management, demand planning and full traceability.
Manufacturing
Bills of materials (BOM), production orders, shop floor control, order costing and MRP planning.
Services & Projects
Project management, resources, time tracking and billing for service companies. Planning, hour control, consultant profiles and project profitability.
E-commerce (SuiteCommerce)
B2B and B2C online store natively integrated with inventory and ERP. Stock and prices always synced.
Is NetSuite right for your company?
NetSuite is ideal when your business:
Is growing and Excel isn't enough anymore
If you're past $1M in annual revenue and still run operations on spreadsheets, it's time to put real systems in place. NetSuite gives you room to scale without replacing the system later.
Has multiple companies, countries or currencies
NetSuite OneWorld lets you manage multiple subsidiaries, currencies, languages and regulations from a single system. Automatic financial consolidation.
Has complex processes that need automation
Visual workflows, custom business rules and SuiteScript let you automate virtually any process, from approvals to integrations with external APIs.
Needs real-time data-driven decisions
Live dashboards and reports, no waiting for month-end close. Executives and managers see KPIs updated by the minute.
What NetSuite solves in your sector
The module is the same for everyone; the problem it solves is not. This is what usually comes up first in each kind of company.
Education
Billing per family and per student, scholarships and discounts, and a school year that doesn't line up with the fiscal year.
Food and consumer goods
Lot traceability and expiry dates, price lists per channel and promotions that change every month.
Professional services
Hours logged per project, real profitability per client and billing by progress instead of by delivery.
Distribution and wholesale
Stock spread across warehouses, automatic replenishment and margin per product, not only per total sale.
Manufacturing
Bills of materials, costing per production order and purchase planning driven by actual demand.
Finance and investment
Several legal entities consolidated into one view, multi-currency and an accounting close per entity.
Retail and e-commerce
One stock across the store and the website, with exchanges and returns landing in the same place.
Healthcare
Billing to insurers and health plans, control of supplies with expiry dates and traceability of what gets used.
NetSuite vs other ERPs
How NetSuite compares with the most common alternatives in Latin America:
| Feature | NetSuite | SAP Business One | Odoo |
|---|---|---|---|
| 100% native cloud | Yes | Hybrid | Yes (SaaS) |
| Scales without reimplementation | Yes | Limited | Limited |
| Native multi-company/multi-currency | Yes (OneWorld) | Add-on | Limited |
| Automatic updates | Yes (2/year) | Manual | Manual |
| Vendor-backed global support | Yes | Yes | Community |
| Total cost of ownership | Predictable | High | Variable |
What we get asked most about NetSuite
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