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Oracle NetSuite review



Key people: Evan Goldberg (Founder, EVP, Oracle NetSuite Global Business Unit), David Rodman (SVP of Customer Success), Sam Levy (SVP of Sales), Gary Wiessinger (SVP of NetSuite Application Development), Nicky Tozer (SVP of EMEA), Shailender Kumar (SVP & Regional Managing Director India and NetSuite JAPAC), Gustavo Moussalli (VP of LAD).

Founded by Evan Goldberg in 1998, NetLedger was the first web-hosted business applications platform that can be accessed through cloud technology. With initial start-up funding by Larry Ellison, the co-founder and executive chairman of Oracle Corporation, NetLedger began as an accounting software that can be accessed primarily using the Internet. Other key investors of NetLedger included venture capital firm StarVest Partners, software vendor ADP, and financial services firm PaineWebber Group (subsidiary of Swiss bank UBS).

In 2002, NetLedger added modules for inventory management and customer relations management (CRM) to NetLedger. In September 2003, NetLedger changed its name officially to NetSuite to reflect its expansion towards other business support features, such as ERP, CRM, and e-Commerce. In 2016, Oracle Corporation purchased and acquired NetSuite for 9.3 billion US dollars as a bid to expand their ERP offerings and their shift towards becoming a cloud software provider – mainly offering NetSuite to small- to large-sized businesses corporations as an addition to Oracle Cloud ERP. Today, Oracle NetSuite

If your medium- to large-sized business is considering a one-stop, scalable solution with a customization that is capable and reliable, Oracle NetSuite is one of the best in the industry. The number of modules and tools that Oracle NetSuite provides, such as payroll, HR, performance management, e-Commerce, demand planning, manufacturing, fixed assets management, and contract renewals, is something that can be a consideration for your business if you’re looking for an all-encompassing and ‘complete’ ERP software.

While the customization that Oracle NetSuite provides for its subscribers is among the most robust and most comprehensive in the industry, its minimalist and user-friendly interface and intuitive drag-and-drop functionality can be one of the factors that may be advantageous to your business operations. 

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