NetSuite

NetSuite offers a cloud-based enterprise resource planning (ERP) platform with a comprehensive suite of applications, such as payroll, HR, CRM and e-commerce. It uses a software-as-a-service (SaaS) business model, making it an excellent choice if you want the flexibility to develop your company without having to worry about finding new infrastructure and employees.

You can easily adapt the platform to match your business goals and preferences thanks to NetSuite's SuiteCloud customization options. You can design your own user interfaces, produce and distribute papers with your logo on them, integrate with third-party programs, and more.

Moreover, NetSuite has powerful reporting features. You may generate reports on just about anything you want with its integrated reporting features. Role-based dashboards are another tool that can assist your management team and staff in making informed choices.

If you subscribe to NetSuite, you’ll pay an annual license fee, which allows your business to use the core platform, choose the number of users, and add on modules as you see fit. You can add more users and modules as your company expands to accommodate your changing requirements.

Rating: 4.1 (on Forbes Advisor)

Price: Contact for quote
Free trial: No
Pros:

• Offers a variety of compliance features
• Automatic reconciliation and journal entries
• Access your account from anywhere
• Integrates with other NetSuite products, such as HR, e-commerce, inventory and order management

Cons:

• Pricing isn’t transparent
  Involves a learning curve