Oracle NetSuite OneWorld is written for the cloud, focusing on ease of use and modularity. It is a solid financials platform that can be easily expanded to meet other business needs simply by buying additional functionality through the cloud.
Summary
Prior to being acquired by Oracle a few years ago, NetSuite was the pioneer of small business ERP systems. It was also the first ERP system to originate in the cloud, which gives the product a leg up on other competitors that are still migrating from their on-premise systems. Its focus on small to mid-size companies, ease of use, and executive dashboards are three of the most cited strengths of the product in the small- and mid-market.
The downside of the product is that since it is a multi-tenant cloud system, it is slightly less flexible than other ERP systems. This may not be a problem if your business has fairly standard operations, but it can be a problem if you have unique operations or require a certain amount of flexibility. However, these weaknesses can actually be a strength if you are trying to standardize and scale your growing business.
Pros
- Solid customer relationship management features.
- Broad enterprise resource planning features apply to a wide variety of businesses.
- Excellent drill-down capabilities from several system views.
- Simple reporting.
- Custom process workflows.
- Easily navigable, hierarchical dashboards.
Cons
- Confusing help system.
- Difficult to configure system for specific roles.
- Broad but complex feature set.