Today’s competitive AI era requires cloud-based ERP systems for all sizes of enterprises. Cloud ERP leaders Oracle Cloud ERP and NetSuite frequently rank high. Choosing the best one for your business can be difficult due to their strengths. Companies seeking productivity and process efficiency must choose the right ERP solution. The NetSuite vs Oracle cloud ERP debate over prestigious ERP solutions is common. Though they each meet different company needs, both systems offer strong functionality.
This comprehensive evaluation of Oracle NetSuite compared to Oracle ERP Cloud highlights the unique features and benefits of each option to help companies choose the most suitable ERP platform. While selecting one for your company, it is essential to comprehend the primary distinctions between NetSuite and Oracle. In our in-depth analysis, we highlight the unique features of Oracle and NetSuite that could support the expansion of your business.
What is the Difference Between Oracle Cloud and NetSuite?
The two top ERP systems differ significantly in terms of the quality and availability of implementation resources, as is the case with many of the top ERP systems. The following crucial elements stand out when contrasting Oracle ERP Cloud vs NetSuite, according to the examination of multiple sources:
Available NetSuite vs. Oracle Cloud Modules:
Netsuite
- The Oracle Cloud platform facilitates general ledger, accounts payable/receivable, and financial reporting functions.
- CRM: Sales force, marketing, and customer support automation.
- It is responsible for managing inventories, orders, and procurement.
- Human Capital Management: Payroll, employee, and time monitoring.
Oracle Cloud
- General ledger, accounts payable/receivable, and financial reporting.
- Supply Chain Management: Order fulfilment, inventory management, and procurement.
- Human Capital Management: Payroll, talent, and workforce planning.
- Project Portfolio Management: Planning and resource allocation.
Capabilities
Previous versions of Oracle ERP Cloud vs. Oracle NetSuite lacked manufacturing and supply chain functionalities. Their product plan and key features have improved over time. Financials, EPM, and supply chain capabilities are robust, but manufacturing competence can be improved. Its ERP system is technically and operationally more advanced than Oracle ERP Cloud offerings, especially for small and medium businesses.
Flexibility
The Oracle ERP Cloud is more customizable and flexible than NetSuite. Oracle ERP Cloud solutions have a vast ecosystem of PaaS technologies for easy third-party app integration. NetSuite’s robust SaaS model standardises repetitive business operations. Certain companies require a high standard with few customization choices.
Expandability
Because they are cloud-based, Oracle ERP Cloud and NetSuite can both manage high transaction volumes and swiftly scale up or down. However, NetSuite has a modest advantage over Oracle ERP solutions because it can function in a multi-tenant cloud environment and offers greater standardization.
Consumer Acceptance
Customers of Oracle have not yet fully embraced the Oracle ERP Cloud and are still happy with the outdated Oracle EBS and JDEdwards. On the other hand, it is superior to NetSuite for Fortune 1000 firms and larger organisations. Since NetSuite’s cloud-native platform is better tailored to the requirements of small and midsize organizations, it has a higher customer acceptance rate, particularly among SMB clients.
Ecosystem of Partners
Oracle’s ERP Cloud and NetSuite differ greatly in the number and calibre of ERP implementation partners and resources. The network of system integrators and ERP implementation partners for Oracle ERP Cloud is extensive. The customer’s options are limited because NetSuite has always depended on its in-house NetSuite consulting staff to deliver these services.
Oracle ERP Cloud has additional partners. As more Oracle PeopleSoft and E-Business Suite users move to the cloud, high-quality resources may become scarce. There is no problem with resource availability because NetSuite has always been SaaS software. Additionally, the network of partners for NetSuite implementation service and consulting is expanding swiftly.
Is NetSuite Part of Oracle ERP?
Yes, NetSuite is a cloud ERP. NetSuite was one of the first cloud-based ERP systems, founded in 1998. A suite of NetSuite software manages important business processes in one system. Its modules cover omnichannel commerce, human resources, inventory and supply chain, and finance.
Is Oracle NetSuite Better Than SAP?
Which ERP is best for your company will rely on its particular requirements and goals. There isn’t just one “better” ERP solution between SAP and Oracle NetSuite. The best choice depends entirely on the specific needs and characteristics of the business.
NetSuite is frequently selected by SMBs and mid-market companies seeking a scalable, cloud-based, and user-friendly solution. However, large corporations with complex global operations and specific industry requirements, such as manufacturing, usually choose SAP, a powerful global enterprise system.
In addition to its superior manufacturing and supply chain capabilities, SAP offers global corporate capabilities. NetSuite provides a range of cloud business apps that are integrated and include industry-specific features. When evaluating options, consider factors such as budget, IT capabilities, business complexity, and customisation needs.
| Feature | NetSuite | SAP |
| Financial Management | Budgeting, fixed assets, revenue recognition, and multi-entity accounting | Treasury management, financial closing, accounting, and controlling |
| Supply Chain Management | WIP, demand and supply planning, inventory, warehousing, and routing | Asset management, manufacturing, supply chain logistics, and procurement |
| Order Management | Order promises, sales orders, returns, NetSuite project management cost, and promotions | Subscription billing, order orchestration across channels, and CPQ |
| Human Capital Management | Payroll, time tracking, benefits, salary, and human capital management with SuitePeople | Workforce planning, analytics, learning, talent management, and worldwide payroll |
| Customer Relationship Management | Marketing automation, opportunity and pipeline management, and customer service | Customer support, sales, marketing, and commerce—all connected with the back office |
| Technical and Platform | Oracle’s cloud infrastructure (OCI) served as the foundation. There are numerous cloud ERP tenants. | The system is based on an in-memory database from SAP HANA. There are deployment choices available that support both single-tenant and multi-tenant configurations. |
Oracle ERP or NetSuite: Which is easier to adopt?
Oracle ERP Cloud or Oracle NetSuite adoption relies on the company’s size, industry, budget, and IT infrastructure. Oracle ERP Cloud and Oracle NetSuite are sophisticated cloud solutions. Oracle ERP Cloud is harder to implement than Oracle NetSuite. NetSuite is a complete cloud solution. NetSuite is straightforward to install and customise because of its out-of-the-box configuration. We recommend Oracle ERP Cloud for large corporations and NetSuite, which integrates with it, for small and midsized firms. Please ensure you have some technical understanding or seek assistance from Conneqtion Group, which can support you with the complete integration process.
FAQs
How much does Oracle NetSuite cost?
Oracle NetSuite has many price structures and bundles because it supports many industries, business models, sectors, and departments. Choose the one that best matches your business. Several NetSuite pricing models let small and large enterprises choose the best one.
What purpose does Oracle NetSuite serve?
Cloud ERP software like Oracle NetSuite is popular. Manage inventory, track financial updates, host e-commerce stores, manage customer relationships, etc. It boosts production and cuts NetSuite implementation costs. Built-in features facilitate a variety of apps on a single platform and allow for customized dashboards to track progress. Oracle NetSuite helps with professional service automation, HR management, planning and budgeting, and managing many international applications.
When did Oracle buy NetSuite?
The executive chairman of Oracle Corporation funded Evan Goldberg’s 1998 startup, NetSuite, then called NetLedger. Others consider it the first company to provide cloud computing software and the first to offer web-hosted corporate applications. In 2016, Oracle bought it as it surged in popularity and potential. Both organizations gathered resources to efficiently serve midsize and worldwide clients. According to NetSuite, over 21,000 firms in 200 countries use its software.
Conclusion
The Oracle ERP Cloud vs. NetSuite software is functional but has drawbacks. Every organisation has distinct priorities; therefore, the implementation of Oracle ERP Cloud solutions may be more effective for one customer than for others. NetSuite may suit another. A thorough and impartial ERP decision process that examines your goals, strategy, and company model can help you choose.
Devteampro understands that every business is unique and needs customised solutions. Our scalable ERP cloud services enable businesses to quickly respond to changing business needs and make data-driven choices with seamless ERP connections, increased security, and support. As a NetSuite ERP Solution Provider, we have exceptional knowledge in integrating NetSuite and offer customised licence solutions to meet the particular needs of enterprises in many industries.
