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NetSuite OneWorld pros and cons

Vendor: NetSuite
4.2 out of 5
190 followers
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Pros & Cons summary

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Prominent pros & cons

PROS

NetSuite OneWorld offers embedded business intelligence, reflecting each transaction on system dashboards in real time, allowing for swift and informed decision-making without delays for data extraction.
NetSuite OneWorld supports customization to create custom fields and implement automated scripts, enhancing functionality and reducing manual processes.
NetSuite OneWorld's inventory management is highly rated within the industry, providing robust tools for effective stock control and logistics.
NetSuite OneWorld supports multiple business functions including reporting, order-to-cash, and procure-to-pay under a single instance, facilitating comprehensive business management.
NetSuite OneWorld's consolidation feature proves extremely valuable for financial reporting and operational management, especially in specialized industries like biotechnology.

CONS

Project collaboration requires improvement as it is difficult for customers, suppliers, and internal users.
Some entities are not available for multiple subsidiaries, leading to duplication.
There is a lack of consultants with true pharma experience, and those who have it are stretched thin.
NetSuite OneWorld should improve its integration capabilities and production planning functionality.
Deeper analytics capabilities and support for different pricing models are needed.
 

NetSuite OneWorld Pros review quotes

HP
Feb 24, 2021
The ability to customize it to create custom fields that are reportable, and then to be able to write script behind it to automate other processes that might otherwise be manual is great.
MC
Jan 31, 2023
NetSuite OneWorld, the consolidation feature has been incredibly valuable. However, I cannot speak to the full range of features and functionalities offered by OneWorld as I am not familiar with all of them. I have utilized OneWorld primarily in the biotech industry, with a focus on operating expenses and financial reporting, such as capital contributions and foreign currency adjustments. I am confident, however, that OneWorld offers a robust module for reporting and consolidating revenue, though I have not had the opportunity to directly utilize this aspect of the software.
John Cirocco - PeerSpot reviewer
Jan 6, 2023
Inventory management in NetSuite OneWorld is one of the best in the industry, so this feature is what I like most about the solution.
Learn what your peers think about NetSuite OneWorld. Get advice and tips from experienced pros sharing their opinions. Updated: November 2024.
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MV
Jan 13, 2023
NetSuite OneWorld is a single instance that allows you to do different business functions, such as reporting, order-to-cash, design-build, and procure-to-pay. This feature is what's most valuable in the solution.
GH
Feb 9, 2021
NetSuite is a great solution, fast to bring up and makes everyone's life easier.
Antonio Lira - PeerSpot reviewer
Jan 1, 2023
Embedded business intelligence is a valuable feature. There is also no need to wait for extract functions, and each transaction is reflected in the system dashboards in real time.
it_user783078 - PeerSpot reviewer
Dec 4, 2017
Allows us to use it the way we need to instead of changing our needs and processes to fit the product.
JF
Feb 21, 2023
The solution is user-friendly and flexible.
reviewer1623945 - PeerSpot reviewer
Apr 25, 2024
The solution has helped us save money by reducing the number of people needed for delivery, finance, and customer service. We now better understand our stock and purchases, and our sales team can access information without constantly communicating with delivery.
AA
Dec 4, 2017
Utilizes best practices that are simple to implement.
 

NetSuite OneWorld Cons review quotes

HP
Feb 24, 2021
If you were to use standard costs, it doesn't handle standard costs well.
MC
Jan 31, 2023
NetSuite OneWorld, the consolidation feature has been incredibly valuable. However, I cannot speak to the full range of features and functionalities offered by OneWorld as I am not familiar with all of them. I have utilized OneWorld primarily in the biotech industry, with a focus on operating expenses and financial reporting, such as capital contributions and foreign currency adjustments. I am confident, however, that OneWorld offers a robust module for reporting and consolidating revenue, though I have not had the opportunity to directly utilize this aspect of the software.
John Cirocco - PeerSpot reviewer
Jan 6, 2023
In NetSuite OneWorld, what needs improvement is the production planning functionality.
Learn what your peers think about NetSuite OneWorld. Get advice and tips from experienced pros sharing their opinions. Updated: November 2024.
816,406 professionals have used our research since 2012.
MV
Jan 13, 2023
Currently, NetSuite OneWorld needs to be more mature, especially compared to SAP.
GH
Feb 9, 2021
There is not a 20 year pedigree of pharma experience in the NetSuite channel. While there are many of these CMO Pharma companies rapidly moving to NetSuite, there are few consultants with true pharma experience. Those who have experience are stretched pretty thin.
Antonio Lira - PeerSpot reviewer
Jan 1, 2023
Project collaboration through Dashboard Business Management and Relations Management is easy to perform, but it does need to be worked on as it is difficult for customers, suppliers, and internal users to use.
it_user783078 - PeerSpot reviewer
Dec 4, 2017
The Project Management User Interface is lacking.
JF
Feb 21, 2023
I don’t like the SaaS models. Of course, they make the tool powerful enough to run a billion-dollar business. The tool is cheaper than SAP or Core.
reviewer1623945 - PeerSpot reviewer
Apr 25, 2024
I hope NetSuite OneWorld introduces features like support for different pricing models, including packaging options, and improved production planning tools in the future.
AA
Dec 4, 2017
Some entities are not available for multiple subsidiaries, which requires duplication.