What Is NetSuite?
NetSuite is a cloud-based Enterprise Resource Planning (ERP) system owned by Oracle. It provides integrated business management software including financial management, CRM, e-commerce, inventory, and human resources, all in one platform.
NetSuite is particularly popular with:
- Mid-market companies ($10M-$500M revenue)
- Fast-growing businesses that have outgrown QuickBooks
- Companies with complex multi-entity or multi-currency needs
- E-commerce and software businesses
NetSuite Core Modules
Financial Management: General ledger, accounts payable/receivable, fixed assets, revenue recognition, and financial reporting.
CRM: Sales force automation, marketing automation, customer service, and partner management.
Inventory & Supply Chain: Inventory management, order management, purchasing, and warehouse management.
E-commerce: SuiteCommerce platform for B2B and B2C online stores.
HR & Payroll: SuitePeople for human capital management (add-on module).
NetSuite Strengths
- True cloud architecture: No on-premise infrastructure required
- Unified data model: All modules share the same database
- Customization: SuiteScript and SuiteFlow allow extensive customization
- Multi-subsidiary: Strong support for complex corporate structures
- Ecosystem: Large partner network and marketplace
Common NetSuite Challenges
Reporting limitations: While NetSuite includes saved searches and reports, many finance teams find them insufficient for complex analysis and export data to Excel anyway.
Customization complexity: Heavy customizations can make upgrades difficult and create technical debt.
Performance with large datasets: Saved searches and reports can be slow with high transaction volumes.
Cost escalation: Per-user pricing and add-on modules can make NetSuite expensive as you scale.
Data extraction: Getting data out of NetSuite for analysis often requires technical expertise.
NetSuite Integration with Go Fig
Go Fig connects directly to NetSuite to extract financial and operational data:
What Go Fig pulls from NetSuite:
- General ledger transactions and balances
- Accounts receivable and payable aging
- Revenue and expense details by class, department, location
- Customer and vendor records
- Inventory levels and movements
- Custom records and saved searches
How it helps:
- Automatically sync NetSuite data to Excel templates
- Combine NetSuite data with other systems (CRM, spreadsheets, databases)
- Build reports that span multiple NetSuite subsidiaries
- Create dashboards without NetSuite’s reporting limitations
- Enable AI-powered analysis of your NetSuite data
NetSuite Data Extraction Options
Native options:
- Saved searches (limited, can be slow)
- SuiteAnalytics (additional cost, requires training)
- CSV exports (manual, no automation)
- SuiteTalk API (requires development resources)
With Go Fig:
- Automated extraction on schedule
- No coding required
- Data delivered to Excel, dashboards, or data warehouse
- Handles NetSuite’s API complexity for you
Who Uses NetSuite?
NetSuite serves over 37,000 customers globally, including:
- Software and technology companies
- Wholesale distributors
- Professional services firms
- E-commerce retailers
- Manufacturing companies
- Private equity portfolio companies