Odoo Vs NetSuite
Odoo vs. Netsuite
ERP software packages are complex systems that handle a variety of business tasks across divisions, such as accounting, inventory, order processing, purchasing, contact management, warehouse management, and customer communication. Although most ERP systems provide similar capabilities, comparing them might be challenging due to the complexity of advanced ERP. With so many ERP alternatives on the market today, deciding on the ideal one requires taking certain factors into consideration.
What is Odoo?
Odoo ERP, also known as Open ERP, is an open-source business suite of software that can assist you in managing your business. It is used to manage a company’s business activities and provides Odoo apps, which are fully linked functional business apps that, when combined, form an ERP solution. Odoo is a vast collection of business applications and modules such as CRM, Sales management, eCommerce, Warehouse management, Purchase management, accounting suits, Manufacturing management, HRMS, and so on.
Features of Odoo
- Cost-effectiveThe simplicity of use
- Provides a comprehensive set of Odoo apps
- Compatibility with a wide range of third-party add-on software apps
- Provides a free Odoo version called Community
- Fits in every industry
What is the Oracle NetSuite?
NetSuite ERP is an all-in-one cloud company management solution that automates basic operations and provides real-time visibility into operational and financial performance to help businesses run more efficiently. NetSuite ERP provides firms with clear visibility into their data and better control over their enterprises by combining accounting, order processing, inventory management, manufacturing, supply chain, and warehousing operations into a single, integrated suite of apps.
Features of NetSuite-
- Customize NetSuite to your specific business needs
- It is simple to integrate with a third-party system
- Assist with company automation and scaling
- A cost-effective pricing package
- Streamline your company processes
In order to find the best software solution for your business. We will compare Odoo with Oracle NetSuite because both ERP platforms have emerged as leaders and offer some of the top ERP implementation and integration services.
We will compare both on the basis of certain points to understand which one has emerged as a leader:
Ease to Use
Odoo’s UI/UX version supports Gantt, Kanban, and Calenda versions, and also has a fully responsive technical infrastructure and adaptability. NetSuite’s UI is easy to use and understand but unfortunately does not support the Kanban version.
Odoo’s price is simple and reasonable. When compared to NetSuite’s pricing point of 125.00 per month, Odoo has a beginning cost of 25.00 per month per user, which is a significant price difference. NetSuite licensing rates are around 5 times the cost of Odoo licensing costs when the number of users is taken into account. Odoo is Python and XML-based. It’s relatively easier to find and afford an Odoo developer than it is for NetSuite, which has its own coding language called Suite Script. Odoo offers a free version for their users and also has a monthly billing option whereas NetSuite does not have any free version and only supports an annual billing option.
Odoo can easily be customized according to your company’s processes. This frees enterprises from typical ERP limits, allowing them to implement software that is tailored to their individual needs. NetSuite is more of a traditional ERP solution due to its limited customization. As a result, it is better suited to firms that are ready to adjust existing processes to accommodate the software’s capability.
Integration and Implementation
NetSuite is still lagging behind in terms of implementation options. Software developers are working on it, but for the time being, The shortcomings of NetSuite leave a lot to be desired. It’s also worth mentioning that the product has limits when it comes to efficiently managing more complicated manufacturing, distribution, EDI, HR, and retail needs. On the other hand, Odoo offers the flexibility needed for companies to grow with the changes in their industry with its easy setup implementation giving Odoo the upper hand.
NetSuite’s hosting options are limited. Businesses can only use NetSuite hosting for the software, which can limit their hosting flexibility. Whereas Odoo Enterprise apps can be hosted on one of three platforms: Odoo Online, Odoo.sh (dedicated cloud), or On-Premises with its own infrastructure that creates hosting options.
In order to get more detailed reporting and business insights, Odoo is considered to be the best option due to its modular structure. You can easily get detailed reports and data for every business operation whereas, NetSuite displays important business information in real-time regarding financials, customers, and some other areas.
Odoo deploys and supports Cloud, SaaS, Web Based and mobile (Android, iOS, iPad), Window, On-Premise (Window and Linux). whereas NetSuite does not support On-premise and desktop deployment.
Odoo open-source software exists to help everyone, from individuals who only require a single module to large corporations who require a full ERP. It is adaptable and can be used by SMEs as well as major organizations. NetSuite is also compatible to automate core processes and get real-time insights into the operational and financial performance of businesses from pre-revenue organizations to mid-sized companies.
Odoo makes it quick and simple to keep on top of accounting. Odoo excels in smart notifications and batch actions, which aid in the speeding up of accounting procedures. NetSuite allows you to manage numerous organizations and currencies, however, when it comes to international transactions, Odoo covers more countries. Odoo is a more comprehensive software solution.
The CRM feature in NetSuite is pretty powerful. This is hardly surprising, given that customer management is listed as one of the company’s primary functions. Odoo’s base CRM, on the other hand, offers a substantial edge. Odoo offers a beautiful and intuitive Kanban interface, as well as a plethora of additional options to help manage client actions as they travel through the pipeline. Odoo is a better option for customer relationship management when these criteria are addressed.
Odoo provides electronic signature capabilities that NetSuite does not. Odoo also includes quotation templates, which are useful for accelerating the sales process. Both Odoo and NetSuite offer good POS software, but Odoo’s POS may be utilized in restaurants, which NetSuite seems to be missing.
Odoo understands the importance of having smooth communications for internal and external use. Odoo comes with a built-in live chat feature. Using these services, employees can communicate with website visitors in real-time. They can also be used to communicate among employees. The live chat feature is integrated throughout the software, enabling users to communicate while using the ERP to improve collaboration and productivity. When it comes to NetSuite, such functionality is lacking.
NetSuite and Odoo are both cloud-based ERP solutions. For users that prefer to work locally, Odoo supports on-premise hosting. Both Odoo and NetSuite have advantages and disadvantages. NetSuite is the most popular cloud-based ERP software; however, it still lacks a usable interface and capabilities in key areas. Odoo’s user interface and range of capabilities make it a compelling alternative in the ERP market. Its lesser cost adds value as well. As a result, Odoo ERP appears to have a slight advantage over the competition.
Bista, ERP experts can help you choose between NetSuite and Odoo. Being an Official Odoo Gold Partner helps you by delivering all of the information you want. Additionally, Odoo has won numerous awards as a growing flexible ERP, assisting some of the most innovative and fastest-growing organizations in the business world today! Likewise, Bista has 5 years of NetSuite experience as well. Connect with our team here and allow us to help you find your ideal ERP solution.