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NetAsset by Netgain Reviews & Product Details - Page 2

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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30 NetAsset by Netgain Reviews

4.9 out of 5
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30 NetAsset by Netgain Reviews
4.9 out of 5
30 NetAsset by Netgain Reviews
4.9 out of 5

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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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.

NC
Accounting Manager
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 a very god experience working with NetGain and, specifically, Tyler our implementation specialist. Our company implemented NetClose and NetAsset modules at the same time.

NetGain team was very helpful and responsive. They were always positive and incredibly knowledgeable. We hit a few snags along the way and Tyler always had a solution for us, helped us talk it through, and made a few custom adjustments to fit our needs. The company provided us with a good interactive page for tracking progress and accessing knowledge base. We were able to complete the project and go live in just a few weeks. We had a great time working with the NetGain team and are very happy with their products and employees. We decided to implement their NetLease module as well and would highly recommend them to anyone seeking to simplify and automate monthly workflow. Review collected by and hosted on G2.com.

What do you dislike about NetAsset by Netgain?

We have been using the system for a short period so far, but we haven't found anything we dislike. Review collected by and hosted on G2.com.

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

We had approximately 1,000 assets maintained in an excel spreadsheet, over the course of several years. The transition to NetAsset made a drastic difference for us. Now with just a few simple steps the system creates schedules, books journal entries, and generates reports. Both products are very intuitive and fit seamlessly with the Net Suite platform. Review collected by and hosted on G2.com.

LS
Senior Accounting Manager _Project Owner for the implementation of Net Asset
Mid-Market(51-1000 emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about NetAsset by Netgain?

Making the processing of fixed assets much more comfortable and flexible as in FAM Module. I liked the Layout used for Assets, as you immediately get all the essential information on the initial page. Review collected by and hosted on G2.com.

What do you dislike about NetAsset by Netgain?

So far, we do not have any negative issues to be mentioned. This solution is entirely suitable Review collected by and hosted on G2.com.

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

One essential feature is the possibility of adding costs to existing assets in an easy way. This is particularly important for our company as we have substantial assets recognized as Operating Equipment (e.g., Assembly lines). Furthermore, treating the assets under construction becomes easy with Net Asset. Review collected by and hosted on G2.com.

Catherine B.
CB
Finance Manager
Enterprise(> 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 easy to use. The software creates and posts the Journal Entries for you as it is embedded in NetSuite.

- Has great reports. Has a roll-forward report that is perfect for monthly reconciliation. It has has the reports needed for tax schedules. Review collected by and hosted on G2.com.

What do you dislike about NetAsset by Netgain?

Nothing to dislike so far. It has been working great. Review collected by and hosted on G2.com.

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

-It is centralizing all our fixed assets in once location. Before we had multipule fixed assets schedules saved in various folders.

-It also makes reporting the taxes for the fixed assets easier and more acruate. It used to be hard to track down the information needed for the taxes, and we would miss items. Review collected by and hosted on G2.com.

June Y.
JY
Corporate Controller
Mid-Market(51-1000 emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about NetAsset by Netgain?

We finally have an Assets sub-ledger to track our FA. Easy to use, flexible non financial fields, you can add as many as you like to track assets specification Review collected by and hosted on G2.com.

What do you dislike about NetAsset by Netgain?

We just implemented a month ago, and currently, it meets our need. Review collected by and hosted on G2.com.

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

Get rid of excel and have system records and audit trial Review collected by and hosted on G2.com.

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

Willingness to assist anytime I got stuck. Review collected by and hosted on G2.com.

What do you dislike about NetAsset by Netgain?

Nothing. Trevor was amazing and very helpful. Review collected by and hosted on G2.com.

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

Asset tracking and ease of accounting for fixed assets. Review collected by and hosted on G2.com.

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

NetSuite FAM app has serious limitations. Thankfully Netgain's NetAsset solved all my fixed asset needs within my NetSuite environment. Review collected by and hosted on G2.com.

What do you dislike about NetAsset by Netgain?

It is never fun to have to implement a new accounting solution. Fortunately, the net asset staff made the implementation fairly painless. Review collected by and hosted on G2.com.

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

NetAsset automates my fixed assets accounting lifecycle within NetSuite. Review collected by and hosted on G2.com.

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

View consolidated company data in one report Review collected by and hosted on G2.com.

What do you dislike about NetAsset by Netgain?

I do not dislike anything yet about the NetGain program Review collected by and hosted on G2.com.

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

Reports for assets are readily available Review collected by and hosted on G2.com.

Rich B.
RB
Outsourced Accounting Manager
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about NetAsset by Netgain?

NetAsset provides all the structure and reporting that you want for your fixed assets, and integrates that into NetSuite flawlessly. I have used the NetSuite fixed asset module and another software, and neither one is able to work nearly as efficiently. Review collected by and hosted on G2.com.

What do you dislike about NetAsset by Netgain?

There is not much to dislike. I do dislike that NetSutie themselves couldn't come up with something like this for their own fixed asset module, but credit to NetGain for filling the need. Review collected by and hosted on G2.com.

Recommendations to others considering NetAsset by Netgain:

I feel that the organizations that will best benefit from NetAsset would be those with a large quantity of fixed assets to track (especially if they have many additions and disposals) and also those that are in need of easier automated tracking and capitalization for construction in process assets. Review collected by and hosted on G2.com.

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

My main problem that NetAsset was the solution for was efficiently tracking costs for patents and then putting them into service. NetAsset is able to track construction in progress (or in this case patents in process) and then capitalize all costs into one asset to be amortized. From that one asset you can trace all costs back to the related bills easily. It sounds simple, but no other software, even the NetSuite module, could do this properly. Review collected by and hosted on G2.com.

Kari A.
KA
Controller
Mid-Market(51-1000 emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Organic
(Original )Information
What do you like best about NetAsset by Netgain?

My favorite things about NetAsset is the ability to edit an asset and the ability to combine/transfer assets. Review collected by and hosted on G2.com.

What do you dislike about NetAsset by Netgain?

So far, I have not found any downside to NetAsset. Review collected by and hosted on G2.com.

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

They are solving so many things. Year-end reporting, journal entries, adjustments, transfers, combinations, holds! Review collected by and hosted on G2.com.