Oracle NetSuite vs Salesforce (Financial Force)
Both NetSuite and Salesforce are pioneers in the SaaS field but trying to compare the two can be difficult. Salesforce was designed and built as a dedicated Customer Relationship Management (CRM) software, while NetSuite is a full ERP system that combines CRM functionalities.
As a step towards providing a more complete ERP solution Salesforce acquired FinancialForce, intended to provide ERP capabilities for Salesforce’s large user base. However, it suffers from more limited features focusing on financial management and professional services automation. NetSuite on the other have an extensive list of modules all built within one suite, just some of the core business process these support:
- Financial Management
- Supply Chain Management
- Professional Services Automation
- Human Resources
- Inventory and Order Management
- Customer Relationship Management
For the reasons mentioned above FinancialForce appeals primarily to existing Salesforce customers, particularly those who operate in the professional services sector and do not require robust ERP capabilities.
NetSuite was developed as a software to manage core business functions from one unified business management suite. It goes beyond ‘just an ERP/CRM’ and enables business leaders to have real-time access to information across the organisation.
Choosing between Salesforce & NetSuite
Salesforce – if your committed to Salesforce and do not require a full, scalable ERP feature.
NetSuite – if you need robust ERP capabilities and best-of-breed SaaS financial management.
Oracle NetSuite vs SAP Business One
SAP Business One and NetSuite have long been rivals with both applications established in the mid-to-late 1990s. SAP Business one is targeted at smaller businesses who are looking for a single, affordable solution to manage accounting, financial and other business functions.
Unlike NetSuite, which is a true cloud-based solution, SAP Business One has on-premises and cloud options potentially limiting its remote accessibility. Customer’s ability to upgrade and apply customisation can also be limited by SAP Business One as licence agreements permits them to make changes to the code.
Both NetSuite and SAP Business One have their benefits. If you’re looking for a simple ERP application withy reporting and workflow management capabilities, then SAP Business One may be the better option. But arguably NetSuite is the more powerful and effective application as it contains greater functionality, better and more add-ons and integration, and has the advantage of being completely cloud-based.
Choosing between SAP Business One & NetSuite
SAP Business One – you’re committed to SAP technology and have less need for real-time international multi-subsidiary consolidation and reporting.
NetSuite – if you need (or will need) real-time international multi-subsidiary consolidation and reporting because of the growth plans you have for your business.
Oracle NetSuite vs Microsoft
Microsoft emerged as a strong competitor for Oracle in the cloud ERP marketing with Microsoft Dynamics 365. It is a comprehensive suite of business solutions which businesses can integrate and implement to solve specific needs.
These range from application tailored for SMEs to those appealing more to larger organisations that target specific functionalities such as Financials, Customer Service and Supply Chain Management. As a Microsoft product Dynamics 365 enjoys easy integration with other Microsoft products such as Office 365, Teams and SharePoint.
If your business already relies heavily on Microsoft products, Dynamics 365 might be the immediate solution that comes to mind. However, it was built upon legacy software that began as on-premises solutions and rebuilt for cloud delivery.
Therefore, when it comes to true cloud-based business management software NetSuite has a significant advantage. NetSuite was built from the very beginning as a SaaS solution; it was the first true cloud ERP software available. Its maturity in this field gives it the advantage of more advanced cloud features which include:
- Supporting business’s multi-national operations
- Intercompany accounting capabilities
- Tax and compliance capabilities in more than 20 countries
Choosing between Microsoft Dynamics 365 One & NetSuite
Microsoft – your business already uses other Microsoft products.
NetSuite – advanced cloud technology with quick deployment, real-time visibility and reporting, and supporting multi-national operations are important for your business needs.