NetSuite ERP – Features and frequently asked questions

Are you looking for a cloud-based ERP system? Want to understand how NetSuite ERP works and whether it’s a good fit for your business?

In this guide from Suitecorner, we walk you through what NetSuite is, its core features, and answer three common questions companies often ask before implementing NetSuite.

What is NetSuite?

NetSuite is a global, cloud-based Enterprise Resource Planning (ERP) system used by over 43,000 organizations worldwide. The platform is designed to manage an entire business operation – from finance, sales, and inventory to project management, customer relations, and reporting – all in one place.

NetSuite is accessible via any web browser and updates automatically. This ensures that all users are always on the latest version, with no need for local installations or manual upgrades.

NetSuite is particularly well-suited for companies that:

• Operate across multiple business units or subsidiaries
• Need consolidated financial and operational reporting
• Want to automate manual processes and improve data quality
• Are looking for a scalable system that supports business growth

Who is NetSuite for?

We work with organizations across many industries and have seen particular value in NetSuite for companies that:

• Provide accounting and advisory services
• Operate in e-commerce or technical distribution
• Are member-based organizations or work in security
• Specialize in metering technology, IoT, or other tech-heavy services
• Perform vehicle services, field service, or regulated operations
• Run manufacturing operations with production and inventory needs
• Deliver project-based services in fields such as tech, events, or consulting

What these organizations often have in common is a need for complex reporting, automation of manual workflows, and support for multi-entity or multi-market structures.

An example of a NetSuite dashboard.

Core Features in NetSuite ERP

When logging into NetSuite, users are greeted by a personalized dashboard displaying the KPIs, tasks, and reports relevant to their role. As a role-based system, each user has access tailored to their specific responsibilities.

Here are some of the most frequently used features by our customers:

Reminders and Task Management NetSuite helps you stay on top of your tasks – from approving vendor bills to following up on customer cases or sales orders.

Real-Time KPIs and Reporting You can monitor key metrics directly from your dashboard. NetSuite provides built-in KPIs and the ability to create custom ones – for example, revenue by subsidiary, margin per product line, or utilization per consultant.

Multi-Entity Management NetSuite supports multiple legal entities, countries, currencies, and languages. This is especially valuable for groups, member organizations, or companies with international operations.

Segmentation and Analysis Analyze your business by department, location, project, or other custom segments – especially useful for service firms, consultants, and nonprofits.

Inventory and Logistics For e-commerce and distribution, NetSuite offers full support for order management, purchasing, inventory control, logistics, and returns – fully integrated with finance.

Customer and Vendor Management Centralize all customer and vendor information in one place – including contact details, transaction history, contracts, and more.

Three common questions about NetSuite

1. What does NetSuite cost?

The cost of NetSuite primarily consists of:

• License fees – based on user count and selected modules
• Implementation costs – depending on the project’s scope, number of processes, and integrations required

At Suitecorner, we always provide a free needs assessment so you get a realistic estimate tailored to your business.

2. How long does it take to implement NetSuite?

Implementation timelines vary significantly depending on several factors:

• Which modules are being used
• How many countries or entities are going live
• What integrations are needed
• What internal resources the customer can allocate

We work closely with clients to plan the rollout according to their specific needs and priorities. A phased approach is often recommended, starting with core functions like finance.

3. When is the right time to switch ERP systems?

The best time to implement a new ERP is before your current tools start limiting your business.

Some common signals:

• Heavy reliance on Excel for reporting
• Multiple disconnected systems across departments
• Difficulty tracking profitability, projects, or customers in real time
• Expansion plans (new markets, products, or subsidiaries)

NetSuite provides a unified platform that scales with your business.

What our clients say

We have supported a wide range of companies – from accounting firms to e-commerce businesses and technology providers – in their NetSuite implementations. Here are a few examples of the organizations we’ve worked with:

• Aspia – one of Sweden’s largest providers of accounting and advisory services
• Jualbo and Techtum – with needs for integrated order and inventory management
• SFF (The Swedish Theft Prevention Association) and Brandskyddsföreningen – member-based organizations with structural and reporting needs
• Sigicom – technical equipment and international sales
• Opus Bilprovning – vehicle inspection services with complex operational requirements

Each customer had unique needs – but a common goal of improving business control through the right system.

With Suitecorner’s support, we’ve developed our approach to service management and CRM, and gained strong financial oversight at group level. Their understanding of both our business and NetSuite helped us build a solution that gives us better visibility, more efficient customer handling, and a more streamlined flow across the organization.

— Ulrica Karlsson, CEO, Techtum

Suitecorner – Your NetSuite partner

Whether you’re running a member organization, selling products online, delivering technical services, or providing advisory expertise – we’re here to help you implement NetSuite in a way that fits your business.

We offer:

• Needs assessments and strategic advice
• Phased implementations
• System customization and integrations
• Ongoing support and Customer Care services

Want to learn more?

Contact us to book a demo or request a needs assessment. We’ll help you find out whether NetSuite is the right ERP for your organization.