Original Research on Oracle NetSuite

NetSuite Customer Testimonial

We installed NetSuite on day 1 of launching our product, knowing that inventory and order management control can’t be an afterthought to bookkeeping software. We have scaled our business with NetSuite from zero, and expect to multiply the business by ten on this platform.

— Vice President, Small Business Consumer Products Company

Oracle NetSuite Customer Testimonial

NetSuite is the heart of all systems at Brillio.

— Chief Information Officer, Medium Enterprise Professional Services Company

NetSuite Case Study

Boat Rocker Media

Introduction

This case study of Boat Rocker Media is based on a February 2021 survey of NetSuite customers by TechValidate, a 3rd-party research service.

“Being a cloud base solution, NetSuite facilitated a seamless transition from office to WFH at the beginning of the pandemic. This was critical as it allowed the business to focus on other measures needed to weather the COVID storm.”

Challenges

The business challenges that led the profiled company to evaluate and ultimately select NetSuite:

Had the following challenges using QuickBooks before their company moved to NetSuite:
- A lack of visibility into data/poor reporting
- Too many different systems
- An inability to handle complex accounting needs
- Doing too much in Excel
- different Chart of Accounts
Evaluated the following software solutions in addition to NetSuite:
- Microsoft
- Workday
Switched to NetSuite because:
- They needed better reporting and tracking
- They were expanding into different markets and/or adding new business

Use Case

The key features and functionalities of NetSuite that the surveyed company uses:

Leverages the following NetSuite capabilities/features:
- Financial management, billing, financial reporting, revenue recognition, governance & compliance
Replaced 5-9 applications/instances upon upgrading to NetSuite.

Results

The surveyed company achieved the following results with NetSuite:

Experienced the following benefits since making the switch to NetSuite from QuickBooks:
- Increased visibility and control over the business
- Improved quality of & access to data, analytics & reporting
They would have had to hire 3 additional full-time employees (FTEs) without NetSuite.
Rates the following improvements since implementing NetSuite:
- Saved time after automating processes: 25% to 49%
- Reduced hardware &/or IT costs: 50% to 74%
- Reduced third-party accounting &/or audit costs: 10% to 24%

Oracle NetSuite Case Study

Rio Industrial Group

Introduction

This case study of Rio Industrial Group is based on a May 2021 survey of Oracle NetSuite customers by TechValidate, a 3rd-party research service.

“Decrease in internal costs of operating our IT Department.”

“More robust Accounting and Financials.”

Challenges

The business challenges that led the profiled company to evaluate and ultimately select Oracle NetSuite:

They moved to NetSuite because they had too many entities to manage in their previous system.
They replaced ManPack … ManufacturingPackage which was in operation for approx 23Years with NetSuite.

Use Case

The key features and functionalities of Oracle NetSuite that the surveyed company uses:

They chose NetSuite over the other solutions for the ability to scale and grow.
The parts of their business now being driven by NetSuite:
- Financials
- Inventory management
- Sales & Marketing

Results

The surveyed company achieved the following results with Oracle NetSuite:

They closed the books faster than before since switching to NetSuite.
The organization has been able to do the following with NetSuite:
- Started doing business internationally
Rates NetSuite on the following capabilities compared to their previous software:
- Ease of use for increased adoption: better
- Overall software performance: better
- Breadth of capabilities & functionality: better
- Partner solution ecosystem & integrations: better

TechValidate Research on Oracle NetSuite

These pages present data that TechValidate has sourced via direct research with verified customers and users of Oracle NetSuite. TechValidate stands behind the authenticity of all published data. Learn more »

About TechValidate Research

Selected Research Highlights

Boat Rocker Media

Introduction

Challenges

Use Case

Results

Company Profile

About NetSuite

Rio Industrial Group

Introduction

Challenges

Use Case

Results

Company Profile

About Oracle NetSuite

More to Explore

About Oracle NetSuite

Oracle NetSuite is the world’s leading provider of cloud-based business management software. NetSuite helps companies manage core business processes with a single, fully integrated system covering ERP/financials, CRM, ecommerce, inventory and more.