Tuesday, 11 March 2008

A short critique of what I saw in Netsuite

Netsuite has various very elegant facilities, for example:

1. Ecommerce website with payment routines and on-line delivery checking, integrated with the accounts and stock control
2. Web Analytics with email keyword tracking to different landing pages
3. Stock Control with Drop Shipping, Split boxes, Multi-location
4. One invoice with Differential Revenue Recognition (Sabanes Oxley) eg product group a straight to P&L, eg Product Group B (eg Set-up and Implementation) spread over the net three months (or until Customer Sign-Off) product Group C (eg annual maintenance) spread over 12 months
5. Integrated accounting so that you can see the entries that an invoice will make and then see them in the Balance Sheet


Very exciting to see such refinement, so much integrated functionality; very exacting to use it all; probably quite expensive particularly the initial costs.

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