Odoo VS. NetSuite
What are the differences between these two business management software?
Which one to choose?
The choice of an ERP in a company is a very important choice to make.
Given the costs associated with implementing a new business management software and the impact it will have on the future of your business, it is essential to make a well-researched decision and choose the software that best suits your company/
The questions to ask yourself
The questions to ask before choosing between Odoo and NetSuite:
Which features does my company need the most?
Will the software be able to scale with the company's growth?
What are the implementation costs and what are the annual costs?
What level of customization will our business require?
A comprehensive and cost-effective enterprise resource planning software Odoo is a suite of fully integrated, and customizable open-source business management applications.
Odoo integrates CRM, sales, project management, manufacturing, inventory, accounting, human resources management, marketing activities, customer support tools and other business activities into a single software solution.
Apps in Odoo AppStore
NetSuite is a SaaS cloud-based ERP supported by Oracle. NetSuite is the best selling ERP on the market. The team at NetSuite have separated the business management software into four essential products:
NetSuite ERP for inventory management, supply chain, and financials
NetSuite CRM for sales and marketing
NetSuite Commerce for both web and on-site sales
NetSuite PSA for project management
Netsuite combines these products to create an integrated solution for the business management of financials, customers and commerce.
Cloud ERP software Vendor
Apps In SuiteApp
Level of Customization
NetSuite's limited customization makes it more of a conventional ERP solution. It is therefore better suited for companies that are willing to adapt their processes to fit into the functionality of the software.
In Odoo this is not the case. Odoo is a software that can be adapted to the processes of your organization. This frees businesses of traditional ERP constraints and allows them to deploy a software solution that is specifically fit for their business.
Both Odoo and NetSuite are highly rated ERP solutions that are often put side by side in comparisons. When you take a further look into key components such as technical infrastructure, flexibility, UI/UX, and the pricing of each solution, it becomes quite clear that Odoo is an excellent alternative to NetSuite.
Odoo has straight forward and affordable pricing that SME's can appreciate. Odoo has a starting cost of 25.00 per month per user which is a huge price difference when compared to Netsuite's 125.00 per month price point. With the number of users considered, the licensing fees for NetSuite are roughly 5 times the cost of Odoo licensing fees. Odoo relies primarily on Python and XML. It is much easier to find and afford a developer working on Odoo than on NetSuite that uses its own coding language know as SuiteScript.
The technical functionality and flexibility provided by Odoo comes as a pleasant surprise for companies that are tired of high priced business solutions like NetSuite. Odoo provides the flexibility needed for companies to grow with the changes of their industry.
Odoo is modular and easy to configure.
NetSuite still lags behind when it comes to implementation options. Software creators are working on this but at the moment this shortcoming of NetSuite still leaves much to be desired. It is also important to note that the product has limitations with effectively managing more complex manufacturing, distribution, EDI, HR, and retail needs; giving Odoo the advantage.
Sales Force Management
Both NetSuite and Odoo are very accommodating to the needs of sales teams. But Odoo has a few extra features. Odoo comes with electronic signature capabilities not found in NetSuite. Furthermore, Odoo offers quotation templates that are useful for speeding up the sales workflow. Odoo and NetSuite both contain powerful POS software but Odoo extends its POS usage to the restaurant industry, whereas Netsuite does not.
If you are looking for great reporting capabilities across key business sectors then you will find NetSuite's reporting capabilities to be adequate. Portlets on NetSuite display important business information in real-time regarding financials, customers, and some other areas of business. However, if your business requires more detailed reporting and business insights, then Odoo may be a better option. In Odoo there is a wider variety of reporting data. Because of its modular structure, you can find more detailed reports and data in Odoo for every business operation.
NetSuite comes with fairly powerful CRM capabilities. This comes as no surprise as customer management is cited as one of its core functionalities. However, Odoo's base CRM has the upper hand. Odoo features a smooth and intuitive kanban view and loads of new features that help manage customer actions through the pipeline. These factors considered make Odoo a better choice for customer relations management.
Odoo makes it fast and easy to stay on track of accounting with alerts. Odoo shines in smart alerts and batch actions that help speed up accounting tasks. NetSuite lets you manage multiple companies and currencies but Odoo covers more countries when it comes to international transactions. Odoo is a more global software solution.
For both internal use and external use, Odoo understands the strength of having seamless communications. Odoo comes built-in with live chat capabilities. These features allow employees to chat with website visitors in real-time. They can also be used to communicate between employees internally. The live chat feature works throughout the software so users can chat use the ERP at the same time to boost collaboration and productivity.
Data storage and migration are two areas for which NetSuite has received many complaints. Odoo makes the process difficult when compared to other ERPs and software. Odoo responded to this user frustration by allowing users to make database backups at any time.
Odoo Vs NetSuite: The Verdict
Both Odoo and NetSuite have their advantages and disadvantages. NetSuite is the top-selling cloud-based ERP software, but there are still some areas that lack a usable interface and functionality. Odoo's user interface and broad scope of functionality makes it an attractive option on the ERP marketplace. Its lower cost also adds value.
Captivea's ERP experts can help you choose between NetSuite and Odoo.