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NetAsset by Netgain Reviews & Product Details

Verified User in Leisure, Travel & Tourism
UL
Mid-Market(51-1000 emp.)
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Validated Reviewer
Review source: Organic
What do you like best about NetAsset by Netgain?

The most helpful thing about NetAsset is the developers. If you have a question or need someting fixed they are good at responding and helping implement the appropriate changes. Review collected by and hosted on G2.com.

What do you dislike about NetAsset by Netgain?

I dislike how long the implementation took, but it was a combination of factors and was well worth it. Review collected by and hosted on G2.com.

What problems is NetAsset by Netgain solving and how is that benefiting you?

Netasset is allowing us to use buildups before placing assets in service, which is something we didnt have before. Review collected by and hosted on G2.com.

NetAsset by Netgain Overview

What is NetAsset by Netgain?

NetAsset is Netgain’s Advanced Fixed Asset Management tool, embedded in NetSuite, that enables your business to operationalize accounting, maintenance, insurance and claims, tracking and reporting throughout all aspects of the fixed asset lifecycle. CIP Build-Up functionality links costs to underlying projects or custom groupings in many-to-use relationships. Simplify tracking project costs and commitments against your budget by grouping all relevant costs into a single asset. NetAsset is a native NetSuite app that automates asset accounting, tracking and reporting by using the unified system to handle the complicated nuances of asset value to free up time and reduce error.

NetAsset by Netgain Details
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Product Description

NetAsset is Netgain’s Advanced Fixed Asset Management tool, embedded in NetSuite, that enables your business to operationalize accounting, maintenance, insurance and claims, tracking and reporting throughout all aspects of the fixed asset lifecycle. CIP Build-Up functionality links costs to underlying projects or custom groupings in many-to-use relationships. Simplify tracking project costs and commitments against your budget by grouping all relevant costs into a single asset. NetAsset is a native NetSuite app that automates asset accounting, tracking and reporting by using the unified system to handle the complicated nuances of asset value to free up time and reduce error.


Seller Details
Year Founded
2018
HQ Location
Englewood, Colorado, United States
Twitter
@netgainsolution
20 Twitter followers
LinkedIn® Page
www.linkedin.com
127 employees on LinkedIn®
Description

Netgain empowers accounting teams to eliminate broken and inefficient operations and gain back valuable time with modern technology and automation. We help businesses of all shapes and sizes to become more confident, more agile, and capable of rapidly coming to clear financial decisions fueled by accurate, precise financial insights. With Netgain, accounting teams evolve into strategic economic advisors, and businesses benefit from instant, actionable financial guidance.


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Recent NetAsset by Netgain Reviews

Verified User
U
Verified UserMid-Market (51-1000 emp.)
5.0 out of 5
"NetAsset Implementation"
The most helpful thing about NetAsset is the developers. If you have a question or need someting fixed they are good at responding and helping impl...
Kari A.
KA
Kari A.Mid-Market (51-1000 emp.)
5.0 out of 5
"We love NetGain!"
My favorite things about NetAsset is the ability to edit an asset and the ability to combine/transfer assets.
SM
Sherri M.Mid-Market (51-1000 emp.)
5.0 out of 5
"NetAsset"
We had implemented another FA software in Oct 2022 and the implementation and the software were both awful. That's when we reached out to NetGain ...
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NetAsset by Netgain Media

NetAsset by Netgain Demo - Automated creation of journal entries
The journal entries and depreciation schedule updates are automatically performed after each modification
NetAsset by Netgain Demo - Asset modifications are fully supported
Asset modification such as revalue, dispose, transfer, build up and split are fully supported
NetAsset by Netgain Demo - Sophisticated asset build up from your clearing or CIP accounts
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29 out of 30 Total Reviews for NetAsset by Netgain

4.9 out of 5
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NetAsset by Netgain Pros and Cons

How are these determined?Information
Pros and Cons are compiled from review feedback and grouped into themes to provide an easy-to-understand summary of user reviews.
Pros
Cons

Overall Review Sentiment for NetAsset by NetgainQuestion

Time to Implement
<1 day
>12 months
Return on Investment
<6 months
48+ months
Ease of Setup
0 (Difficult)
10 (Easy)
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SM
Mid-Market(51-1000 emp.)
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Validated Reviewer
Review source: Organic
What do you like best about NetAsset by Netgain?

We had implemented another FA software in Oct 2022 and the implementation and the software were both awful. That's when we reached out to NetGain about NetAsset. NetAsset has been able to help us get back up and running with our fixed assets. The amount of reports available with Fixed Assets is great, the ease of use of the software, and the customizations NetGain was able to add for us are all huge in our opinion! We have close to 23k assets, but the NetAsset implementation team didn't blink an eye when they saw how many we have and have been great in helping us get the system set up and with showing us how to use the system. We use the it daily since we are continuing to add new assets all the time and projects are constantly being completed and put into service. Review collected by and hosted on G2.com.

What do you dislike about NetAsset by Netgain?

Haven't seen anything in it yet that we don't like. Review collected by and hosted on G2.com.

What problems is NetAsset by Netgain solving and how is that benefiting you?

We had a horrible FA system prior to NetAsset, so NetAsset has answered all our problems! Review collected by and hosted on G2.com.

MR
Mid-Market(51-1000 emp.)
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Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about NetAsset by Netgain?

It's very easy to view future depreciation schedules either by a single asset or reprting on multiple assets. The implementation team were great (Allie and Austin) and very helpful, always responding quickly to queries and providing regular updates. I have found it much easier and more user friendly than the netsuite FAM module. Review collected by and hosted on G2.com.

What do you dislike about NetAsset by Netgain?

The only feature which would be great for future would be a report showing depreciation posted for each month side by side as well as which posting period this was posted in (in case it differs from the NetAsset depreciation schedule). Review collected by and hosted on G2.com.

What problems is NetAsset by Netgain solving and how is that benefiting you?

Mainly reporting. We have moved from the netsuite FAM module to Netasset and the reporting is far superior. Review collected by and hosted on G2.com.

DM
Small-Business(50 or fewer emp.)
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Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about NetAsset by Netgain?

Asset organization is really nice. I like being able to have a sysetem track all assets and provide an audit trail so that the balances are secured. I like the automated process for asset rollforwards and depreication so that it removes the human error of calculating depreciation. Review collected by and hosted on G2.com.

What do you dislike about NetAsset by Netgain?

My biggest complaint is the time that it takes to run entries when you have a large population of assets. Under 1,000 takes like 30 minutes, but more than that takes up to hours and makes it difficult to adjust/upload. Review collected by and hosted on G2.com.

What problems is NetAsset by Netgain solving and how is that benefiting you?

NetAsset gave us security around our controls and an audit trail for fixed asset transactions. Review collected by and hosted on G2.com.

David H.
DH
Director, Financial Systems
Mid-Market(51-1000 emp.)
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Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about NetAsset by Netgain?

NetAsset is the easiest way to streamline your fixed assets report in NetSuite. It's super straightforward to implement, and it is very affordable. TLDR low effort, high impact Review collected by and hosted on G2.com.

What do you dislike about NetAsset by Netgain?

I'm really scraping the bottom of the barrel to find a criticism. We were referred to this tool by our auditors, so maybe they could try to partner with NetSuite for more advertising? Review collected by and hosted on G2.com.

What problems is NetAsset by Netgain solving and how is that benefiting you?

Our fixed assets schedule has been complex and manual, and NetAsset has helped us automate it. One of our Accounting Managers dedicates a large part of their time to this Accounting topic, and their life has gotten a lot better since we implemented Netgain. Review collected by and hosted on G2.com.

MH
Controller
Mid-Market(51-1000 emp.)
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Validated Reviewer
Review source: Organic
What do you like best about NetAsset by Netgain?

NetAsset not only takes the manual depreication posting out of the mix, but also allows you to manage maintaining your assets, tracking the costs put into each asset, and the last time that it was serviced. This is so helpful when determining when to dispose of assets, continue repairing assets, etc. Review collected by and hosted on G2.com.

What do you dislike about NetAsset by Netgain?

I dislike that it takes a while for it to "think" and post transactions, but that is to be expected with any system this smart. Review collected by and hosted on G2.com.

What problems is NetAsset by Netgain solving and how is that benefiting you?

NetAsset is helping us provide real time asset information to all employees which was not possible prior when using an outside software. It is also helping us track maintenance costs and make informed decisions on whether to repair or replace assets. Review collected by and hosted on G2.com.

Jeremy L.
JL
Mid-Market(51-1000 emp.)
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Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about NetAsset by Netgain?

The implementation and onboarding process with NetAsset was excellent, and their knowledge base had everything we needed to operate. We did still rely on the support team to answer questions and walk us through their tool, and they did an excellent job of sharing their expertise in a timely manner. Review collected by and hosted on G2.com.

What do you dislike about NetAsset by Netgain?

Nothing yet - the product has been great. Review collected by and hosted on G2.com.

What problems is NetAsset by Netgain solving and how is that benefiting you?

We have a large fleet of equipment, Netasset allows us to automate asset additions and amortization easily, with the click of a button each month all our entries are posted. Review collected by and hosted on G2.com.

Verified User in E-Learning
AE
Mid-Market(51-1000 emp.)
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Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about NetAsset by Netgain?

The process for me before NetAsset was very manual and tedious. With Netgain I saved myself a day of close! It is very user friendly and the time machine feature is really helpful. Review collected by and hosted on G2.com.

What do you dislike about NetAsset by Netgain?

Nothing yet. Our agent Trevor was able to get us set up with some specific methods needed for our assets. Thanks Trevor! Review collected by and hosted on G2.com.

What problems is NetAsset by Netgain solving and how is that benefiting you?

It is saving me time because it is not as manual like the schedule I had before. Review collected by and hosted on G2.com.

KG
Small-Business(50 or fewer emp.)
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Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about NetAsset by Netgain?

Very easy to use, can access straight from NetSuite and provides a detailed sub-ledger of your Fixed Asset data. Even better, the NetGain implementation will help get you set up for a successful Go-Live! Review collected by and hosted on G2.com.

What do you dislike about NetAsset by Netgain?

No down side at this point - we have had to create custom views based on our NetSuite set-up but NetGain has been open to development to help support our needs. Review collected by and hosted on G2.com.

What problems is NetAsset by Netgain solving and how is that benefiting you?

Taking our fixed asset tracking from a spreadsheet to a sub-ledger Review collected by and hosted on G2.com.

Verified User in Medical Devices
UM
Mid-Market(51-1000 emp.)
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Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about NetAsset by Netgain?

Very user-friendly and easy to use. If you have any experience processing fixed assets, you could practically set it up on your own, it is that well laid out. Extremely customizable. Excellent functionality. Easy to make any asset modifications that come up. They offer additional books for Federal and State taxes. Even maintenance scheduling tracking. I've never seen a better implementation team. Amanda has been FANTASTIC! The Rocketlane layout is exceptional. Review collected by and hosted on G2.com.

What do you dislike about NetAsset by Netgain?

It creates a separate depreciation expense JE for every asset. If you have a LOT of assets, it can be cumbersome to review. There is a Summary JE option, but it doesn't work with the standard reporting. Review collected by and hosted on G2.com.

What problems is NetAsset by Netgain solving and how is that benefiting you?

The asset module that came with NetSuite was a joke, so getting a more robust asset software was a necessity. From previous experience, my first consideration was BNA which is one of the best FA softwares on the market. But it is a 3-rd party software, that doesn't fully intergrate, and can be expensive. NetAsset has all the same features and functionality as BNA and is just a easy, if not easier, to use. The fact that it is just another sub-ledger within our existing accounting software is awesome. I love how it links to the AP Module so invoice copies are attached. The Reporting is excellent. Review collected by and hosted on G2.com.

TG
Director, International Accounting
Enterprise(> 1000 emp.)
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Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about NetAsset by Netgain?

Netasset by Netgain is a great product and closes the gaps Netsuite FAM has on functionality. But the best part of netasset is the reporting it provides. They have thought of everything, which includes rollforward reporting. This makes providing information to our auditors much easier. Review collected by and hosted on G2.com.

What do you dislike about NetAsset by Netgain?

Some of the reports are relying on scripts which makes it tough to customize it to our needs. but support and our implementation person Brittley Eldridge have been great with responding to questions. Review collected by and hosted on G2.com.

What problems is NetAsset by Netgain solving and how is that benefiting you?

Biggest problem is the buildup and split of assets, along with the rollforward reporting. Our company buys computers in bulk and being able to split them out into multiple assets by serial number is invaluable. Review collected by and hosted on G2.com.