Introduction to Netsuite

thisnatashamary profile image Natasah Mary ・2 min read

NetSuite Inc. is a United States software company based in San Mateo, CA. The company markets cloud-based software-as-a-service integrated business management software. This includes software for ERP, accounting, order management, inventory, CRM, professional services automation (PSA), and E-commerce applications. NetSuite was originally named NetLedger by its founders, Larry Ellison and one of his early employees, Evan Goldberg


NetSuite OneWorldNetSuite OneWorld is software for global businesses. It encompasses modules for accounting/Enterprise Resource Planning (ERP), Customer Relationship Management (CRM), ecommerce and professional services automation. NetSuite launched OneWorld in 2008 to target midsized companies that are multinational or have multiple subsidiaries. It allows companies to run multiple companies or subsidiaries off of one system. The software runs in the cloud via a Software as a Service (SaaS) model, meaning NetSuite runs and maintains the computing infrastructure and delivers it over the Internet. Users access the software via a Web browser and pay a monthly subscription price. OneWorld supports more than 170 currencies, 15 languages, and country-specific accounting standards in North America, Europe and Asia. A foreign currency revaluation engine lets businesses monitor exchange rate fluctuations continuously. In 2012, NetSuite offered OneWorld as a Two Tier ERP option for companies running Oracle software. NetSuite argues that the two-tier approach can cut deployment time and costs instead of installing on-premise ERP in divisions.

NetSuite SuiteCommerceSuiteCommerce is NetSuite’s software package for retailers, integrating ecommerce websites with in-store sales and back office accounting tools. SuiteCommerce is a central system that manages all transactions and customer interactions via the Web, mobile, social and brick-and-mortar. NetSuite acquired Retail Anywhere, one of its partners, in January 2013 to provide a Point of Sale (POS) system to complement SuiteCommerce. Integrating Retail Anywhere with NetSuite's cloud computing platform gives businesses a full view of each customer across all retail channels, while providing inventory and financial information.

SuiteCloud Developer Network NetSuite’s SuiteCloud Developer Network is a Java-based development platform for NetSuite partners and customers to customize the software and build new applications to complement NetSuite. It includes the SuiteApp solution directory and a number of developer tools.

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