NetSuite Cloud ERP Comparison
In comparison to On-Premises Solutions and some NetSuite competitors, Cloud-Based ERP systems like NetSuite are ideal for Small and Mid-sized businesses because they do not need a high initial investment. Small firms are still concerned with their bottom line and are very cautious when it comes to upfront costs, risk and return on investment (ROI).
In this section, we will explore NetSuite, check its functionalities and will do a quick comparison with some notable NetSuite competitors so our readers, user and customers can make an informed decision when they are deciding to switch ERP systems.
about the erp market
The Enterprise Resource Planning software (ERP) market has been transformed by the boom in growth for Software as a Service (SaaS) cloud-based platforms. Previously, companies have had no choice but to use on-premises implementations for years.
Many of NetSuite’s competitors like SAP Business One, were originally intended to be an on-premise ERP system. However, over the years SAP has moved to cloud ERP. On the other hand, NetSuite cloud ERP was originally designed to stay on the cloud from the beginning. As NetSuite operates on a single platform entirely, it becomes much easier to streamline and manage all departments entirely from NetSuite which isn’t possible with many other competitors of NetSuite ERP.
Because of hardware prices, servicing, and the need for hardware updates every 5 years or so, on-premises ERP systems are exponentially getting more costly than cloud-based ERP systems. There is also a variety of cloud-based Enterprise Resource Planning (ERP) applications designed especially for small to medium enterprises and their team on the market. NetSuite is the most popular ERP software, with over 40,000 business entities using it.
netsuite product overview
netsuite features overview
Finances
& Accounting
NetSuite’s financial management module offers companies real-time visibility and intelligence into their finance operations while staying compliant with all necessary regulations. With this solution, accountants can witness faster close times, accurate reporting and real-time metrics at every step of the way.
NetSuite Order Management
NetSuite’s Order Management functionality helps companies efficiently manage order details for the best customer experience on a wide range. As this module provides real-time visibility, companies can therefore improve their cash flow, tracking, enhance their delivery service, reduce shipping errors and costs and more. Users can also integrate NetSuite order management with 3rd party CRM applications like Salesforce, HubSpot etc.
NetSuite Production Management
NetSuite’s Production Management module allows Manufacturers to carefully analyze product and raw ingredient availability to efficiently meet the demands of the customer. With proper production management, companies can reduce wastage, track actual costs and keep product quality at the top.
NetSuite Supply Chain Management
NetSuite’s Supply Chain functionality provides robust functionality to mage complex levels of supply chains across multiple stores, subsidiaries and locations across multiple continents.
NetSuite Warehouse management and Order Fulfillment
NetSuite has a specialized module for optimal management of distribution and warehouse operations. NetSuite provides users with the ability to use modern tools like RF devices to track and manage items. Companies can create custom put-away and picking procedures using modern capabilities like wave management, cartonization, cycle counting, shipping partner integration and more.
NetSuite Procurement
NetSuite ERP’s procurement module helps companies to manage and hasten the purchasing process. Companies can eliminate manual order placement processes and can benefit from NetSuite which automates the purchasing process by using pre-negotiated contracts, fixed terms, preferred suppliers and more. Custom approval processes can also be created in NetSuite.
NetSuite Human Capital Management (Human resources management)
NetSuite contains an all-in-one human capital management (HCM) module called as SuitePeople. SuitePeople streamlines the entire employee handling, information processing, new hire management, onboarding and more. It is important to note that the SuitePeople module is currently limited to only North America.
So, which erp platform should you choose?
Choosing an ERP system is an integral move that your business will make and stick with for years to come. Therefore, it is extremely crucial to ask questions, check demos/functionality and get a hands-on experience before signing the deal. Ultimately the choice is yours, and ERP Buddies is only here to guide you in the right steps.
Why choose erp buddies for your netsuite cloud erp implementation?
ERP Buddies is a North American NetSuite Cloud ERP Solution Provider (Software Vendor) with diverse experience in implementing ERP systems for multiple companies across wide industry verticals with a true cloud solution.
With offices in the U.S, Canada (North America), Philippines, India (Asia) and UK, Spain (Europe), our experts are accessible globally and make it their priority to create a smooth and positive experience for clients. Our experts assist clients throughout the entire implementation process, with on-site support and consultation, along with additional assistance in customizing your system functionality to guarantee it meets your business needs.
