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NetSuite vs Traction: Which is a better fit?

Updated on December 1st, 2024
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Summary
Key features rated by users
Features selected based on 11,092 reviews from Accounting users.
% Fit
Not enough reviews
Feature ratings
Income & Balance Sheet
4.3
Document Management
4.1
Financial Reporting
4.3
Billing & Invoicing
4.3
Bank Reconciliation
4.1
% Fit
Missing features
Not enough reviews
Feature ratings
Income & Balance Sheet
5.0
Document Management
NA
Financial Reporting
4.9
Billing & Invoicing
5.0
Bank Reconciliation
5.0
User satisfaction
4.2
User reviews1,654
Ease of use
3.9
Functionality
4.1
Value for money
3.8
Customer support
3.8
4.9
User reviews53
Ease of use
4.9
Functionality
4.6
Value for money
4.7
Customer support
5.0
Price starts from
--
Yearly subscription
Free version
Free trial
Yearly subscription
Free version
Free trial
Best for

From pre-revenue startups to small and mid-size organizations, fast-growing businesses use NetSuite to automate core processes and get real-time insights into operational and financial performance.

Grain farmers who need to know their true cost of production by integrating actual accounting numbers with their field operations, resulting in real-time financial analysis and decision-making.

User reviews
pros & cons
1 / 4
View Reviews
1 / 4
View Reviews
Video reviews
Svetlana I
Executive Director
5.0

Svetlana: I'm Svetlana and I'm the executive director of an organization that has a staff of three. I would recommend NetSuite and give it a five star rating. For NetSuite we used a manual process, mostly spreadsheets, and Excel. That was very cumbersome and time-consuming. So NetSuite consolidated all of our data, keeping record tracking processes into one place and made it a lot cleaner and a lot smoother for us. NetSuite was a great option for us because they have a pro bono program and is a not-for-profit organization that appealed to us right off the bat. Being a user now for 11 years, we have found so many other reasons to continue to use NetSuite, they've been wonderful to us. Getting started with NetSuite took a little bit of a learning curve. It was definitely for someone with a background in IT or databases, but once we got going and figured out how to implement the system, continuing to use it and learn with the system, they give you all the right tools to grow and learn. So although it was a difficult learning curve, it's paid off in the end. If you're considering getting NetSuite, make sure that you have someone designated for the implementation process and map out how you plan on using the software. Have at least an idea of what types of things you're going to be using it for because it will make things smoother and easier down the road. But also don't feel like you have to know everything. The team is wonderful and they do help you along the way. So if it looks like a good fit for you, I say, go for it.

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User interface
135757 video thumbnail}
1 Video
218915 video thumbnail}
1 Video
135757
2 screenshots
218915
5 screenshots
Do these products fit your needs?

Prioritize real-user-identified key features according to your needs to find your best fit.

Logo Img
--%
Logo Img
--%
Access Controls/Permissions
207
Important
Accounts Payable
388
Important

NetSuite

Top Features
17/43
  • Access Controls/Permissions
  • Accounts Payable
  • Accounts Receivable
  • Activity Tracking
  • Audit Management
  • Budgeting/Forecasting
  • Cash Flow Management
  • Chart of Accounts
  • Currency Conversion
  • Data Security
  • Encryption
  • Financial Consolidation & Close Management
  • Financial Reporting
  • Fixed Asset Management
  • Fund Accounting
  • Income & Balance Sheet
  • Multi-Location
  • Payment Processing
  • Payroll Management
  • Project Accounting
  • Purchase Order Management
  • Quotes/Estimates
  • Recurring/Subscription Billing
  • Reminders
  • Sales Tax Management
  • Tax Management
  • Activity Dashboard
  • API
  • Approval Process Control
  • Audit Trail
  • Bank Reconciliation
  • Billing & Invoicing
  • Compliance Management
  • Document Management
  • Expense Tracking
  • Financial Management
  • General Ledger
  • Mobile Access
  • Multi-Currency
  • Receipt Management
  • Status Tracking
  • Third-Party Integrations
  • Workflow Management
See All features
Hide Accounting Software Features -

Traction

6/43
Show Accounting Software Features +

NetSuite

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Traction

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NetSuite
Deployment
  • Cloud, SaaS, Web-Based
  • Desktop - Mac
  • Desktop - Windows
  • Desktop - Linux
  • Desktop - Chromebook
  • On-Premise - Windows
  • On-Premise - Linux
  • Mobile - Android
  • Mobile - iPhone
  • Mobile - iPad
Support
  • Email/Help Desk
  • FAQs/Forum
  • Knowledge Base
  • Phone Support
  • 24/7 (Live rep)
  • Chat
Training
  • In Person
  • Live Online
  • Webinars
  • Documentation
  • Videos
Traction
Deployment
  • Cloud, SaaS, Web-Based
  • Desktop - Mac
  • Desktop - Windows
  • Desktop - Linux
  • Desktop - Chromebook
  • On-Premise - Windows
  • On-Premise - Linux
  • Mobile - Android
  • Mobile - iPhone
  • Mobile - iPad
Support
  • Email/Help Desk
  • FAQs/Forum
  • Knowledge Base
  • Phone Support
  • 24/7 (Live rep)
  • Chat
Training
  • In Person
  • Live Online
  • Webinars
  • Documentation
  • Videos
NetSuite
  • By Oracle
  • Located in United States
  • Founded in 1977
Traction
  • By Traction
  • Located in United States
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