NetSuite Inc. is an American cloud-based business software company that provides products and services tailored for small and medium-sized businesses (SMBs), including accounting and financial management, customer relationship management, inventory management, human capital management, payroll, procurement, project management, and e-commerce software. NetSuite was founded in 1998 and is headquartered in Austin, Texas, and is widely considered to be the first cloud computing software company. Oracle Corporation acquired NetSuite for approximately $9.3 billion in November 2016. 

NetSuite offers a modular suite of cloud-based business management applications. Depending on the choice of modules, the platform can support accounting capabilities like general ledger, accounts payable, accounts receivable, cash management, tax management, purchasing and inventory and order management, along with optional modules like customer relationship management, e-commerce, human resource and workforce management, payroll management, professional services automation, warehouse management, and supply chain management, which can be activated as needed. 

NetSuite offers analytics and reporting, which use the centralized data to provide real-time visibility into client company operational and financial performance. Pre-configured role-based dashboards and key performance indicators allow users to monitor business performance.

Products offered by NetSuite

  • NetSuite Analytics Warehouse – business intelligence and data insight capabilities with pre-built third-party data integrations
  • NetSuite CPQ – supports sales teams with configure, price, and quote capabilities; integrated with NetSuite’s ERP, CRM, and e-commerce products.
  • NetSuite Connector – allows customers to integrate NetSuite products with e-commerce stores, online marketplaces, and point-of-sale systems such as Shopify, BigCommerce, Adobe Commerce, WooCommerce, Amazon, eBay, and Walmart.
  • NetSuite SuitePeople Workforce Management – supports shift scheduling, wage calculations, and workforce time and attendance tracking.
  • NetSuite ERP – the applications that make up NetSuite ERP run on the cloud and automate core business processes in finance, sales, HR, warehouse management, and supply chain management.
  • NetSuite Text Enhance – Generative AI capability that helps users create contextual and personalized content for any text area in NetSuite based on a few starter words that describe the probable intent.
  • NetSuite Enterprise Performance Management (EPM) – an integrated set of finance systems that connect financial and operational planning, streamline close processes and enhance tax and narrative reporting.
  • NetSuite Account Reconciliation – standardizes and automates the reconciliation and transaction matching process to enable a faster close.
  • NetSuite Bill Capture – scans invoice data into NetSuite using AI-based document object detection and optical character recognition (OCR) technologies.

Moneta and Oracle NetSuite

Moneta is an authorized partner of Oracle NetSuite since 2017. Moneta, which has completed more than 40 projects with Oracle NetSuite to date, provides services to NetSuite customers in its offices in Istanbul, Dubai and London with solutions developed on Oracle NetSuite.

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