Top 10 Alternatives to NetSuite ERP and how to choose the best one?

NetSuite ERP is one of the leading enterprise resource planning platforms available. With its extensive tools and user- friendly interface, it will surely help you with streamline operations.

However, it isn’t without defect. Hence, it only makes sense that you look at different platforms available in the market. Here, we will list down the top 10 alternatives to NetSuite ERP to help you with finding the most suitable alternative for your operations. We will see their core functionalities just as how they compare and our leading platform in cases of usability, scalability, integrations, and price.

Enterprise Resource Planning (ERP) is a type of software that allows organizations to more effectively deal with their business processes. But, which ERP software solution is the best for your company’s needs and requirements? To assist you with choosing the right ERP software solution, we offer a detailed analysis of the top advantages and highlights of NetSuite ERP, a main software solution, and the best ten NetSuite ERP alternatives to it.

What is NetSuite ERP?

NetSuite ERP is a scalable ERP solution. It is customized for the need of high-growth businesses. Offering a cloud- based interface, it provides users with comprehensive tools that can automate inventory management, billing, order management, fixed asset monitoring, revenue management, financial management, and other front and back-office processes.

With this platform as a part of your arsenal of business systems, you can get a 360-degree perspective on your operations, speed up various repetitive tasks through automation, boost the use of your resources, and track your finances precisely. Also, NetSuite ERP gives everybody in the organization a customizable perspective on KPIs (key performance indicators) and reports custom fitted for their particular roles. Along these lines, you can make data driven business decisions and improve your performance. You can try out every one of these highlights for yourself if you sign up for a NetSuite ERP free demo here.

If you think NetSuite ERP is more basic for your needs, we have different alternatives for you. We have explored the main advantages and functionalities of the top NetSuite ERP alternatives, giving you solid and convincing reasons to choose NetSuite ERP or any of the elective products.

Top 10 Alternatives to NetSuite ERP- 

1. Oracle ERP cloud-

Oracle Enterprise Resource Planning Cloud is a cloud- based software application suite introduced by Oracle Corporation in 2012. It manages enterprise functions including accounting, financial management, project management, and procurement. 

What makes it different is that it offers robust data analysis tools that enable clients to perform risk management, financial analysis, and project assessments.

With this, you streamline your tasks as well as comprehend your operational data, allowing for better decision making processes. What’s more, Oracle ERP Cloud accompanies consistence and administrative solutions to ensure that you are operating according to industry guidelines. Should you still need to look at different choices, you can start by taking a look at these Oracle ERP Cloud alternatives.

2. SYSPRO-

Next in the list is SYSPRO, an ERP platform that rivals NetSuite ERP with regards to the extensiveness of its functionalities. Made basically for organizations in the manufacturing sector, this software solution handles everything from order management and payment processing to inventory tracking and accounting. It additionally comes with built-in auditing solutions, supply chain planning features, and document management tools so you never again need to depend on discrete software solutions for the tasks.

Something else that sets this ERP tool separated from its competitors is that it uses AI and machine learning to assist you with analyzing and visualize your organization data for decision-making purposes. Besides, the software has API functionalities that allow it to integrate with a wide variety of third party applications.

3. Sage Intact-

Sage Intacct is a cloud-based accounting software at its core, it snagged the primary spot on our list because its features go beyond financial management. For one, it can monitor inventory levels, automate workflows, and also perform tax calculations. It also accompanies customizable reporting options with the goal that you can rapidly assess your operational performance and see your company’s financial standing at a glance. Created for small and medium-sized companies, this is more efficient solution made for the individuals who need to move out of entry level accounting, for example, QuickBooks and Xero, or mid-market solutions, for example, Microsoft Dynamics GP.

Sage Intacct has been recognized by AICPA to be their primary supplier of financial related applications to CPAs, because of its well- planned feature suite and reliability. This profitable partnership enables accounting professionals the ability to make better financial decisions, based on statistics and key figures. Concerning pricing, Sage Intacct is just available by quote, so be sure to get in touch with the vendor for more information.

4. Brightpearl-

This is a multi-channel system for retail management, helping you to deal with your accounting, orders, customer data, and inventory — all from just a single platform. Brightpearl helps multi-channel retailers to increase their profits and development. Those retailers would now be able to manage customer data, inventory, accounting, and requests in one reliable system.

You or your manager can get a real time report on cash flow, inventory, customer purchase behavior, productivity by channel and SKU (Stock Keeping Unit) and many more. This convenience and simplicity can assist you with concentrating more on growing your business.

Why choose Brightpearl?

1. It is paired with real-time reports on inventory, profitability, cash flow, etc.
2. It allows you to make data- driven decisions and execute effective growth strategies.
3. It’s built for omnichannel retail, so it can help you sell more with high efficiency.

5. Odoo-

Odoo isn’t only a standard management platform. Rather, it combines project management and sales in a single application. It is enriched with a variety of e-commerce, POS, and MRP functions to deliver an extensive solutions that can help any business to deal with any type of operation. 

This system can integrate each sales channel you can imagine, which — when paired with its superior inventory management- makes for one of the main business management solutions available today.

Why choose Odoo?

• Odoo offers a very easy-to-manage and streamlined interface — one of the very best.
• It covers many business operations — from omnichannel sales to project management.
• It can replace applications you’re using to manage your sales process.

6. Microsoft Dynamics GP-

A CRM software at its core, Microsoft Dynamics GP landed a spot on our list of alternatives to NetSuite ERP because it offers a wide variety of features handling financial management, supply chain management, and human resource management. It incorporates all the basic processes of enterprises and fortify all organization data with the goal that operations are more organized. Moreover, this makes your workflow progressively efficient. Based on the strength of MS office applications, SQL databases, Microsoft Dynamics GP additionally provides users with business intelligence and reporting tools. With this, users can easily evaluate their performance against KPIs, market trends, and other industry benchmarks.

7. Epicor ERP-

Epicor ERP is a completely integrated ERP platform. It is built for mid sized organizations and large enterprises. Equipped with industry-specific business solutions, mobile ready features, and customizable UI set-ups, this platform can be custom fitted to the operational necessities of every user making it perfect for the individuals who need full authority over their programs. What’s more is that Epicor ERP offers a modular architecture that gives users a chance to customize the system to fit their operational requirements perfectly. Among the numerous modules you can browse from are CRM, HR, BPM, PLM, QPM, as well as supply chain management.

Why choose Epicor ERP?

• Epicor ERP has a modular interface and this makes it highly customizable.
• This platform can be deployed both on-premise or via the cloud.
• The vendor is known for providing world-class support via email, phone, live chat, training, and tickets.

8. SAP ERP-

SAP ERP is a comprehensive enterprise resource planning suite that combines a wide variety of business systems to assist you with dealing with your operations. Available for deployment on the cloud and on-premise, this platform can deal with everything from financial management and customer relationship management to supply chain management and product lifecycle management. It includes HCM feature. Hence you never again need to depend on a separate program to deal with your human resource. Besides, SAP ERP enables users to get in-depth insights into their operational performance using analytical tools.

Why use SAP ERP?

1. SAP ERP is a single software that can take care of all core financial and human resource tasks.
2. The vendor has an extensive partner network, allowing you to get a wide array of integration options.

9. OptiProERP-

It is a cost-effective end to end ERP system that features innovative tools for smooth management of manufacturing efforts. At a small amount of the expense of other ERP systems, you can seamlessly integrate different industry-specific applications, for example, CRM, customer relations, finance, and different tools to assist you with simplifying the manner in which you execute different aspects of your manufacturing processes. This framework also equips you with a clear 360-degree view and control over your manufacturing operations, hence, you can make smart decisions consistently.

Why use OptiProERP?

1. It is a low-cost ERP system.
2. OptiProERP combines various industry-specific processes into one cohesive system.
3. It touts robust features tailored for manufacturing industries.

10. FinancialForce ERP-

FinancialForce ERP helps companies and organizations avoid the confusion while transitioning from a CRM to an ERP tool. Most often, in a typical organization, you can see just a modest part of what your customers are experiencing. In this manner it could be to some degree confusing internally. However, it’s also confusing for a customer, as the person gets went around in search for an answer and a solution. And here,  FinancialForce ERP comes in. It expels artificial departmental boundaries. Rather, it builds one unified solution over the Salesforce platform.

Why use FinancialForce ERP?

1. A single system connects products, partners, employees, and customers.
2. You can do analytics, workflow, cross-departmental reporting, and more in case you’re using FinancialForce ERP along with Salesforce CRM.

How to choose an ERP software?

With this list of top 10 alternatives to NetSuite ERP, you can understand the types of ERP platforms. Before you choose the one among them, we would like to give you some guidelines on choosing an ERP software. 

These systems help you to grow your business or improve your operations. In this way, it only makes sense for you to take the vital steps in assessing it before spending money on it. Beside the popularity of a product and its affordability, you should ensure that you can make the most out of it. The surefire approach to do this is to ensure that it has the following qualities:

1. Usability- 

Except if you’re an IT organization, there’s a once in a lifetime opportunity that not every person in your team is technically knowledgeable. All things considered, you should discover an ERP software that you will have the option to use effortlessly. For one, in the event that you don’t have technical experts as a part of your team, you shouldn’t pick a software that requires programming or coding ability. You can generally decide on different platforms with drag and drop navigation so it is simpler to move. Something else you should search for is whether the product is intuitive enough to adapt to your processes. You should find an alternate platform that can do as such, if it can’t be configured to your requirements . This way, you don’t need to waste time overhauling your processes to make a path for the software’s implementation.

2. Scalability-

Regardless of whether you possess a small startup or a large enterprise, you should even now anticipate that your business should develop as time cruises by. In such manner, it is significant for you to discover an ERP solution that can scale all over as per your organization’s changing operational needs. For one, it is significant for you to discover a vendor that will allow you to upgrade or downgrade your subscription immediately. Besides, your platform ought to likewise have the option to integrate with a number of third-party applications so you can extend its functions appropriately. Finally, in light of the fact that you are bound to accumulate a lot of data after some time, it is significant for your platform to have an adequate storage capacity that can be upgraded as required.

3. Reliability-

You should choose a software that is reliable enough to support your operations. Which means, it should be able to accommodate all of your data and have the option to run the platform without lagging or crashing. However, obviously, other than the software, you should also search for a reliable provider. 

They should provide you with 24/7 technical assistance or, every day specialized help or, FAQs to refer to when you experience issues with the program. This will guarantee that you will able to resolve any issues with the software as quickly as possible and avoid any downtimes while using the platform.

Final Words-

Selecting the best ERP alternative will lead your business to the success and wrong choice may lead to failure. Hence choosing the best alternative is a crucial task. Here you have gone through the top 10 alternatives for NetSuite ERP. But your selection rely on the requirement of your business. Discuss with Solace experts team to choose the best one among them. Team will give you the appropriate solution as per your business.

Most common mistakes to avoid in Netsuite ERP implementation

Technology implementations are always complicated. There are always new processes to plan for, vendors to manage, timelines and budget to track, training and so on. After numerous NetSuite implementations, we list out some common mistakes that organizations should consider to avoid. Truly, you can and should depend on your system integrator to advise you, but you also should know about these apparently small issues that can turn out to be enormous headaches if not managed correctly. Let’s focus on those common ERP implementation mistakes that you should work on:

Most common mistakes to avoid in Netsuite ERP implementation-

1. Missing the “all in” budget-

Everybody has a budget for a tech project, yet it frequently doesn’t represent everything that’s required for a successful implementation. Many organizations have the “Complete it NOW!” attitude which makes everybody surge the process and set unrealistic expectations regarding what’s really required for success. Take a look at the total impact of your project and account for everybody’s time and cost. Be as fair as conceivable with yourself about the amount of your resources’ time you can commit. If you plan for the team to give 50 percent of their time yet you just get 25 percent, you will have some genuinely huge delays. 

To avoid this, know about and genuine about your organization’s experience. In the event that your SI is a good one, they should be asking thorough questions at the start of the project so you are aligned on resources, technical capabilities and budget. They can assist you to build out an “all in” budget that covers each part that should happen during the implementation, also what’s realistic for operating and maintaining the technology after the go-live.

2. Avoid Change-

Avoiding change can be overwhelming for any association. Companies today request immense customization that becomes critical to be adopted by the end-users. A few times inviting less customization than its actual requirement can also be a destruction deal for your business. In this way, ensure you are availing the degree of customization that you need. 

Introducing change in later stages can likewise be a costly deal hence, make an early plan for it. Additionally, remember to put resources into training your resources to ensure that your staff is ready to embrace the new innovation and boost its utilization. If requires, don’t hesitate for a second to hire new IT resources just to teach your staff or else more NetSuite implementation cost will be related later that may influence your initial budget.

3. Migrating and integrating everything-

Be straightforward about which data you really need. Your first sense may be to move over everything. Yet, if you take a look at what you really need, the truth could be a small amount of that. Organizations hardly use the majority of the data after it’s moved, so speaking the truth about what’s really required will save a lot of project/services time and give you much better worth include. 

With regards to integrations, know about what you need now and what you need in the near future. If you have something you need to change eventually, don’t spend time and money integrating to a tool that will soon end up in the trash anyway. Really investigate your roadmap and challenge your teams to maintain a strategic distance from discard work. Additionally, be insightful about what you integrate; companies that will in general connect everything don’t get a lot of significant worth from integrating older tools. They would’ve been better off retaining access to those tools than spending budget on a ton of truly difficult work for an integration that doesn’t give a lot of utilization.

4. Minimizing how important people are-

This goes for the individuals in your team and the individuals on your SI team. For the SI side, investigate their deep technical skills yet don’t minimize the culture. If you have culture contrasts, those can cause more conflicts than you may understand. Moreover, the SI’s sales and delivery teams should feel aligned; if the salespeople sound altogether different from the delivery people (if the salesperson will even give you a chance to talk with the delivery people), that is a red signal. Yet, in the event that the SI presents itself with one objective and seems to cooperate, then alignment will probably proceed through their engagement with you.

For your team, don’t wait until the last moment to engage with the end users. Including the field teams or stores teams is imperative for a technology implementation. They ought to comprehend what you’re attempting to do and why, and be permitted to give input on it. If not, you risk building something that doesn’t really support the work, responsibilities or expectations of the individuals who are responsible for using it.

In the event that you need IT to be self sufficient a month after the go-live, yet they’re not included until the last 30 days, at that point you endanger the whole project (even with the best implementation). NetSuite gives best training, so exploit it. They have the best possible approach of training individuals before the project starts and they give great license costing; they have two built-in releases for every year, so you don’t have any surprising license cost increments.

Final Words-

To avoid such issues, you have to involve the employees from every department over your organization including field team and store teams so they can comprehend what changes should be, the advantages of ERP framework, and how it will impact to ensure smoother workflow. This will help your employees to start the project with inspirational attitude indeed.

Today, organizations are going to ERP frameworks for rapid growth and achieve desired objectives with global scalability. Henceforth, it is necessary that associations’ ERP system should function at ensuring maximized ROI. 

These are some common mistakes noticed while implementing NetSuite ERP. There might be some fewer also. Solace experts are proficient in ERP implementation. If you are thinking to implement ERP for your business, you can consult with our experts and get the better implementation.

Using NetSuite For Businesses

As an organization today, we all have new challenges as we attempt to accomplish the business growth. Technology has been changing very rapidly and we are all entering in digital transformation. Everyday business processes are changing and also new revenue models are being discovered each day. Whether your business is growing or maintaining balance, your ERP may have challenges to deliver ideal performance with changing business processes. Enterprise Resource Planning (ERP) systems must be focused around giving a unified view integrating digital capacities today. NetSuite is an ERP system for businesses to deal with business processes. Let us see the details of NetSuite.

What is NetSuite?

NetSuite software is an online service that allows companies to deal with all key business processes in a single system. The service includes no hardware, no big and upfront license expense, no maintenance charges related with hardware or software, and also no complicated set ups.

Companies uses NetSuite for enterprise resource planning (ERP) and also to deal with inventory, track their financials, host e- commerce stores and keep up customer relationship management (CRM) systems. This platform can be applied to a business applications. Most of the companies are going to the cloud for delivery of their business system to bring down their operating costs and also to enhance their competitive benefit.

Why businesses are moving to NetSuite?

NetSuite is the world’s leading provider of cloud- based business management software helping companies to manage core business processes with a single, fully integrated system from ERP, Financials, CRM, E-commerce, Professional Services Automation, inventory etc. NetSuite is fast to deploy, simple to use and also flexible to support all aspects of your business. Below are some reasons of using NetSuite ERP by most of the companies.

1. Optimize- Optimize and manage operations, information and processes
2. Achieve visibility over the enterprise in one single source
3. Scale for business growth
4. Accomplish better business planning and also increased productivity.
5. Eliminate different business inefficiencies.

Key benefits of NetSuite-

1. Integrated to support organizational support functions-

Netsuite power lies in unification of fragmented data crosswise over departments and also systems. It automates critical business processes. It is highly flexible and also can be modified to adapt to your particular business processes. Netsuite is a completely cloud- based ERP. It can automate both front end and back end operations including – financial management, revenue management, fixed resources, order management, inventory management and billing functions.

Netsuite has an integrated approach and also it incorporates all functions within an organization. The benefit lies in a joined suite that integrates diverse functions like CRM, eCommerce, Warehouse management, Inventory to human resource among others. To single platform internal and external processes are connected. There is a single database alongside automated procedures that decrease the risk of errors by employees.

Business growth is all around balanced and upheld by Netsuite which optimizes efficiency, manages costs, streamlines processes, and also eliminates with manual reports. This saves a great deal of time and prompts in general business improvement over the organization. A single Netsuite ERP can remove the pain of dealing with different applications and the vital integration and update challenges.

2. Real time visibility and a 360 degree view-

Ordinarily, decisions are delayed or wrong choices are made because of lack of required data . This can be exorbitant. Netsuite gives real time dashboards with drill down perspectives from high level data to low level data over the organization giving deep insights. The unified construct of the system underpins omni-channel commerce so that benefits are delivered to give more control. Your employees can spend time in data analysis instead of collecting data. Key Performance Indicators like sales, orders, forecasts, support, cases, and also accounts receivable are accessible easily in real time and accessible from anywhere.

3. Lower IT costs-

Netsuite ERP is cloud based and also it gets rid of the need for you to have costly IT support teams or spend on costly hardware infrastructure. Numerous applications are unnecessary as different departments can run on this single ERP system. It makes for simpler updates to the system also.

4. Priced rightly:

Netsuite ERP system is priced right with sufficient alternatives to scale up. This ensures that cost is proportionate to the size of your business. Businesses can see decreased initial investment, however a higher ROI as a lot of expenses are saved in integrations. Netsuite is a one- stop cloud ERP solution in a unified and integrated portal.

Pros of using NetSuite-

1. Efficiency in the process across the organization-

There are many key processes that are experienced in the daily activities like order management, fulfillment, invoicing, cash collection, expense approvals and financial consolidations. Automating such processes will reduce the hiring that you would require running these processes otherwise.

2. Improves visibility-

To take decisions it is important to have a real- time visibility. Because of this information can be accessed from anywhere and anytime without wasting the resources on the data extraction. This has made all the processes accurate and faster also.

3. Significant IT Time and Cost Savings-

IT will never again need to procure, install and also maintain a lot of systems as there are different integrations in between. When the IT time will be utilized in improving the operations of the business, reduction in the operational costs will be realized.

4. Accelerated growth-

With the help of this integrated software there can be an expansion to different areas and there can be extra sales channels which can be possible quicker due to the unified order and accounting management processes and data. It additionally helps the organization for upsell and cross-sell for better efficiency for the existing customers for an improved visibility.

5. User-driven innovation-

Implementations are done quicker as the process changes. Every day business users can apply their functional expertise for fitting the processes and also the applications such that will help in improving the performance. Meanwhile, it will be liberated for focussing on the key activities that will add value by building innovative value- added solutions.

How to know if NetSuite is right for you?

Questions to ask yourself:

1. Is your organization experiencing rapid growth?
2. Do you have plans to grow into new markets?
3. Is your current business system struggling to scale for future business requirements?
4. Would your business benefit from real- time data to make accurate decisions?
5. Are you reliant on spreadsheets and outdated information?

You can go with NetSuite, if you have answered YES to any of these.

Competitors of NetSuite-

1. Intacct vs NetSuite-

As far as pure financial management capability for a small single entity, you can’t generally go wrong with either software – both are seen as solid alternatives for companies outgrowing QuickBooks. Anyway for many organizations that have needs beyond accounting, inventory and warehouse management, project management, purpose of sale, ecommerce, project management, HR, and so on. NetSuite is the more likely choice.

2. NetSuite vs FinancialForce (FF)-

Both FinancialForce and NetSuite have capabilities around financial management, project and resource management, billing management and both effectively integrate with Salesforce CRM. Anyway this is the extent of the overlap. When you get outside of the Professional Services industry FinancialForce may experience difficulty competing especially in areas of wholesale distribution, manufacturing, retail and e-commerce.

3. NetSuite vs QuickBooks-

Handsdown QuickBooks is the undisputed champ with regards to an accounting solution for startups and also meets many of the users needs directly out of the door. In any case, overtime as the organization scales and needs expand, QuickBooks starts to run out of the steam. When a QuickBook user has a requirement for the following features it’s time to truly consider NetSuite.

• multi-currency/language
• multi-subsidiary intercompany transactions and consolidation
• multi-book accounting
• fixed assets management
• recurring / subscription / usage based billing
• revenue recognition

 4. NetSuite vs Microsoft Dynamics-

Depending on the Dynamics product you are thinking about (AX, GP, NV, 365) the story is commonly the same. Basically all of Microsoft ERP products got here because of acquisition and they generally contain a comparable theme, rigid, difficult to customize and costly to deploy and maintain.

Final words-

NetSuite is important to build a successful business today and for the future. Regardless of how incredible your products are, working with reliable business management software to maintain the everyday business is important. NetSuite software is a best ERP software for your business to deal with business processes. You must go with ERP software to manage your business processes with a single, fully integrated system from ERP, Financials, CRM, E-commerce, Professional Services Automation, inventory.

ERP software plays a vital role in business process management. It is important to maintain the balance and also to expand your business. Your business requires an ERP software according to business requirements. Team of experts at solace is here to give you the best ERP software solution as per requirement. Reach the expert’s team of Solace for consulting about ERP software.