Thousands of businesses around the world have already shifted from on-premise systems to cloud-based software like SAP, Oracle, Sage, Intuit Quickbooks, and Microsoft Dynamics (Great Plains). Businesses of all sizes are cutting costs, improving productivity and integrating their sales and financial processes by implementing cloud technology.
So how is NetSuite compared to its competitors? To begin, only NetSuite provides a complete and accurate view of the customer, allowing sales executives to see invoices, order status, purchase history, fulfillment, and package tracking.
Here’s a Breakdown of NetSuite’s Top Competitors:
NetSuite vs QuickBooks
- Accounting: While QuickBooks focuses only on accounting, NetSuite supports all of your accounting, sales, inventory, fulfillment and ecommerce operations in one suite.
- Visibility: QuickBooks does not provide a comprehensive real-time view of your business performance, while NetSuite provides performance dashboards as a standard.
- Reporting: NetSuite reports on all your business data from a single data repository, giving you a 360-degree view of your customers
- IT costs: You have to manage and update the software yourself with QuickBooks, as well as all of the other systems you use to maintain your business; NetSuite runs the application for you.
NetSuite vs Microsoft Dynamics
- Total cost of ownership: NetSuite has a significantly lower TCO, while MS Dynamics is too big, too expensive, too complex and too slow.
- Overhead: NetSuite requires minimal overhead; MS Dynamics deployments demand more human resources, including developers, administrators, and support staff.
- Cloud solution: NetSuite is an authentic cloud-based manufacturing solution, whereas Microsoft’s software does not include a cloud platform for scripting, workflow and extending applications.
- Analytics: Unlike MS Dynamics, NetSuite delivers self-service business intelligence with built-in analytics and dashboards.
NetSuite vs Intacct
- Intacct is not a platform, it is only an accounting solution
- NetSuite is a “best of breed”financials solution and can be sold as a financials only solution.
- NetSuite Continually Consolidates.
- The last 40 recent tech IPOs were running NetSuite.
- NetSuite offers a grant program specifically for non profits with hundreds of Non-Profits running on NetSuite.
NetSuite vs Acumatica
- NetSuite is a true cloud solution — Acumatica leverages AWS & Azure
- NetSuite delivers real time data visibility & reporting. Data does not need to be pulled from multiple databases and reconciled on cadence.
- NetSuite performs real-time consolidation.
- Scalability is major consideration when evaluating both products.
NetSuite vs Oracle Fusion
- Customer base: Oracle Fusion is an Enterprise Focused Solution. NetSuite has proven its success with over 40,000 organizations worldwide with a focus on the Mid-Market.
- Configuration: NetSuite supports user-friendly application customization and rapid configuration of processes, roles, interfaces and reports.
- Versatility: NetSuite provides packaged integration with other Mid-Market apps, while Oracle does not.
NetSuite vs Epicor
- Real-time analytics: Unlike Epicor, NetSuite provides over 100 pre-configured reports and dashboards that are 100% real-time.
- Automated workflows: NetSuite delivers PSAs a more sophisticated work flow process that allows for advanced service modeling.
- Service modeling: NetSuite offers “what-if” scenarios to optimize price, staffing, billing rates and overall profitability.
- Integration: Only NetSuite delivers a powerful XML API and Integration Manager for the most effective integration strategies.
NetSuite vs SAP
- Multi-national support: NetSuite better supports companies that require divisional budgeting, inter-company inventory transfers, and real-time financial consolidation.
- Manufacturing: NetSuite fully supports manufacturing companies, while SAP only provides light manufacturing support with less flexibility.
- IT hassles: NetSuite eliminates IT complexities, while SAP is an offline service with higher management and maintenance costs.
- Customization: SAP does not allow end users to quickly edit fields, logic, layouts and workflow.
NetSuite vs blackbaud
- Blackbaud uses a single tenant infrastructure, making upgrades and version locks sticky.
- NetSuite is geared towards flexible reporting and customization.
- NetSuite leverages a powerful revenue reconcilliation functionality.
NetSuite vs Deltek
- Payment handling: Unlike NetSuite, Deltek does not support credit/purchase card payments or automated Electronic Funds Transfers.
- Flexibility: Deltek has weaker multi-currency and multi-lingual support.
- Customization: Deltek relies on expensive consultants to customize its software to meet unique needs.
- Complete solution: Deltek has basic CRM features, no case management, no marketing campaign support, and no lead-to-cash capabilities — all of which NetSuite includes in its software
NetSuite vs Financial Force
- Forecasting: Financial Force does not provide the extensive forecasting functionality (modeling, workflow, etc.) that NetSuite does.
- Budgeting: NetSuite delivers far superior budgeting capabilities including multiple budget currencies and multiple sets of budget numbers.
- Financial management: Financial Force does not support advanced alerting capabilities such as aging alerts, payroll issues and price drops.
- Tax management: NetSuite’s tax management is more comprehensive with easier local reporting and tax code access.
NetSuite vs Workday
- Analytics: Workday does not support advanced business intelligence because it is a data silo; NetSuite provides advanced business metrics.
- Ecommerce: Unlike Workday, NetSuite delivers a complete ecommerce solution that activates seamless business operations.
- Resource Planning: NetSuite can generate pricing estimates for pre-sale projects from underlying staffing models.
- Specialization: Workday does not offer the industry-specific solutions that NetSuite does.
NetSuite vs Infor
- NetSuite is a true Cloud-based business solution.
- Infor CloudSuite was not built for the Cloud. It is rearchitected Syteline hosted on AWS.
- It is not written on a unified data model with one line of code; all customers run their own version of CloudSuite Industrial making upgrading all customers at once impossible.
NetSuite vs SalesForce
- Sales support: Unlike SalesForce, NetSuite provides sales staff with order status, tracking, inventory visibility, and discount management.
- Flexible customization: NetSuite moves beyond simple field additions and layout changes to support full customization of the product.
- Real-time client visibility: SalesForce and its partner apps often require scheduled data syncs, while NetSuite delivers real-time, integrated visibility.
- CRM upgrades: NetSuite users can upgrade from CRM+ to full suite with a click of the button, while SalesForce users have to license 3rd party solutions to sync the data.
- Industry-specific: NetSuite offers solutions specific to your industry, offering unique requirements of verticals with package features, templates and content.
NetSuite vs Unit4
- Customers: NetSuite has over 40,000 customers, while Unit4 has about 3,500 customers.
- Full Suite: NetSuite is a full suite with Financials, CRM, Ecommerce & PSA; Unit 4 has weak CRM capabilities, no Ecommerce, no customer or partner self-service, no role based dashboards and limited PSA functionality.
- Modifications: NetSuite’s SuiteCloud development platform enables extensive development; Unit4 is not built to be extended and customized in a scalable, multi-tenant environment.
- Security/Scalability: NetSuite conforms to PCI, DSS, US-EU Safe Harbor & SAS 70 Type II; Unit 4 does not discuss security or scalability measures.
- Integration: NetSuite is built on a SOA (Service Oriented Architecture) which facilitates integration with other applications; Unit4 is built on a proprietary “VITA” architecture which makes integrations more difficult and costly.
There really is no comparison
NetSuite stands above the rest in offering a single cloud-based suite integrated with ERP, CRM, and ecommerce applications. Its personalized dashboards, real-time visibility, and industry-specific functions delivers an all-inclusive solution that will make your business more efficient and profitable.