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Oracle NetSuite Payroll Review 2022

Top10.com Staff

In a Nutshell

Oracle NetSuite is a unified business management suite used by more than 28,000 companies to improve productivity and efficiency. The platform comprises a suite of ‘modules’ including payroll, accounting, enterprise resource planning, customer relationship management, and project management. This review will focus on NetSuite’s SuitePeople Payroll, which automates payroll processes for American businesses.

pros

  • Automates the entire payroll process
  • Expert support from APA-certified professionals
  • Connects payroll with financials and budgeting for more control

cons

  • Payroll is only available with complete package
  • No free trial

Oracle NetSuite Oracle NetSuite Visit Site

Oracle NetSuite at a Glance

Best for: Medium to large businesses

Price range: Starts from $999 per license + $99 per user per month + separate price per module

Benefits & HR: Include 401k, health, workers’ comp

Automatic tax filing: Yes

Apps: Integrates with other systems incl. ERP, CRM, accounting, project management

Features and Add-ons

SuitePeople Payroll syncs seamlessly with NetSuite’s financial, procurement, project, planning and budgeting systems, eliminating double counting and errors. It automates all your payroll processes, including calculating gross-to-net earnings, withholding mandatory taxes, deducting benefits, and scheduling and issuing payments.

Features include:

  • Automated, real-time calculation. SuitePeople Payroll calculates real-time gross-to-net and shows you a preview before asking you to confirm, avoiding errors. High volume and complex payroll batches are processed quickly, saving time.
  • Filtering and searching. Allows you to filter and search by employees or other criteria.
  • Deep editing capabilities. Enables you to make adjustments to information at a line-item level without recalculating the entire batch. Also allows you to create payroll reversals without re-entering detailed payroll data.
  • Filing and Deposits. Automates deposits for federal, state and local taxes plus all quarterly and annual federal, state and local tax form filings. Allows you to populate and provide ACA forms  1095c and 1094c to employees. Enables you to prepare, print and file W-2 and 1099 MISC forms for employees and contractors at year’s end.
  • Flexible Payment Schedules. Enables daily, weekly, semi-monthly, monthly, annually or custom payment schedules. Also includes run off-cycle payrolls when the need arises.
  • Employee Self Service. Employees can securely view and change their own information at any time. Employees can access their last five paychecks, W-4 information and expense reports without needing permission from HR. 
  • Variable Pay. Allows variable payments like bonuses, commissions or expense payments to be included in paychecks. 
  • Dashboards and Reports. Includes more than 100 standard reports and KPIs, and also lets you build your own custom reports. Dashboards break down payroll expenses by location, department or subsidiary. Authorized users can zoom in from summary-level financial information, such as trial balance reports, to detailed payroll transactions.
  • Expert support. Users get access to APA-certified payroll experts.

Tax Compliance

NetSuite’s payroll solution manages all payroll tax filings and deposits for all U.S. federal, state and local jurisdictions. 

Features include:

  • Tax compliance for employees who work in different states during a pay period.
  • Support for multi-state taxation, including reciprocity.
  • Handling tax consequences of mid-year employee transfers.
  • Automatically determines tax jurisdictions based on the addresses of offices and employees.

Payment Options

The platform lets you pay employees and contractors via direct deposit at no extra charge, allowing you to run payroll with two banking days’ lead time before the pay date. Employees can set up direct deposits of their paychecks for up to 10 bank accounts and be paid with a check or have their earnings directly deposited into their accounts. 

https://www.netsuite.com/portal/assets/img/products-redwood/hcm/payroll-system/thmb-pay-methods.png

Pricing/Costs & Fees

Users subscribe to NetSuite for an annual license fee and select which modules they want (e.g. SuitePeople Payroll). The price is determined by the type of business, the number of full access users in your organization (people who assign roles and give user permissions) and regular users (people who can access NetSuite tools but can’t make changes to the system).

Depending on the size of your business, prices start from $999 for a license and around $99 per month per user. 

NetSuite doesn’t offer a free trial, but you can request a demo.

Oracle NetSuite Oracle NetSuite Visit Site

Usability

Oracle NetSuite has powerful capabilities, but be warned that it can take time to train your employees to use the platform to its fullest potential. According to NetSuite, companies that use certified professionals see more effective deployments and a greater return on their investment.

Conclusion

NetSuite is more than just a payroll platform. In fact, its capabilities extend to all areas of your business operations. The size and price of this platform makes it more suited to medium and larger-sized businesses than to small businesses. It is best for companies looking to use technology to automate and streamline payroll and other business processes.

Top10.com's editorial staff is a professional team of editors and writers with dozens of years of experience covering consumer, financial and business products and services.

Oracle NetSuite customer reviews

Based on 65 reviews

Ease of use

Brand satisfaction

Value for money

Service quality

Top Reviews

Ease of use

Brand satisfaction

Value for money

Service quality

a month ago

It's a high quality software for an affordable price. The system is easy to learn and very straightforward to use.

a month ago

It is one of the best products that we have ever used for our payroll needs. I would highly recommend it.

a month ago

Oracle NetSuite serves to help us maintain a competitive position in our business. Their advance capabilities to reach all of our markets.

1 months ago

When buying online this allows the customer the choice to pick up in store or have shipped to their home which makes it very convenient. The software provides our sales associates with tools and information needed to build stronger customer relationships and sell more product.

1 months ago

I find Oracle Netsuite to be a very sophisticated software for payroll, it has been very good for our business needs.

1 months ago

I didn't get a chance to do the payroll process as much as I would have liked to, but from the portion I was responsible for, it seems as if it was easy enough to learn.

1 months ago

They are the only POS solution my company has ever used and they are a good and all encompassing company.

1 months ago

It is very easy to use, and if you have any issues there is always a customer service representative ready to help.

1 months ago

We use this at work and it really helps us to do the payroll. I like that it is easy to understand.

2 months ago

I have used Oracle for a very long time for many different types of office services, they've never disappointed me.

2 months ago

It is easy to train new employees how to use it without much supervision. We are very thankful to have this tool available.

2 months ago

Oracle Netsuite ensures the safety of your computer's POS equipment, and they are very successful.

2 months ago

The equipment purchases are minimal and the set up is relatively easy. Their customer service is wonderful.

2 months ago

The registration process is simple. Their customer service is very effective and great to deal with.

2 months ago

They are a leader in the POS industry and cover all the bases for any size business. Oracle Netsuite is an established brand that is ever evolving.

2 months ago

Oracle is an amazing software that really allows for better people management and improved organization within our company.

2 months ago

Oracle Netsuite was highly recommended by my colleagues at work. The price is exceptional, I would highly recommend it to anyone looking for this software.

2 months ago

It is a great set up because they provide one system for the entire company.

2 months ago

Excellent customer service and they have the best products available for home or work purposes. They offer quality products and the ease of using their products is outstanding. I find that they have up to date products that are highly innovative and affordable. I like that they have an easy return policy well

2 months ago

It's a great point of sale solution because they collect valuable feedback from our customers on how better to service them.

65 reviews