NetSuite

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