Compiere vs NetSuite

May 21, 2023 | Author: Michael Stromann
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Compiere
Compiere Enterprise is a modern, highly adaptable, enterprise-class business solution - that can be deployed on-premise or on the Cloud - for a fraction of the cost of traditional ERP systems. Improve agility and dramatically lower cost of ownership with Compiere.
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NetSuite
NetSuite is the leading vendor of cloud-based Software-as-a-Service integrated business management software for mid-market enterprises and divisions of large companies. NetSuite's cloud business management system including ERP / accounting, order management / inventory, CRM, professional services automation (PSA), and Ecommerce.
Compiere and NetSuite are both comprehensive enterprise resource planning (ERP) systems, but they differ in their approach and target market.

Compiere is an open-source ERP solution that offers a wide range of modules to manage various business processes, including finance, sales, purchasing, inventory, and production. It is known for its flexibility and customization capabilities, allowing businesses to adapt the system to their specific needs. Compiere is suitable for mid-sized organizations that value customization and want control over their ERP implementation.

NetSuite, on the other hand, is a cloud-based ERP platform that caters to a wide range of businesses, from small and medium-sized enterprises to large enterprises. It provides a comprehensive suite of modules, including financial management, customer relationship management (CRM), inventory management, e-commerce, and more. NetSuite is known for its scalability, robust features, and ease of use. It is particularly popular among businesses that want an all-in-one, cloud-based solution with integrated ERP and CRM capabilities.

See also: Top 10 Online ERP software
Compiere vs NetSuite in our news:

2016. Oracle buys cloud ERP provider NetSuite for $9.3B


Oracle has announced its acquisition of NetSuite for an estimated amount of $9.3 billion. As per a statement by Oracle CEO Mark Hurd, both Oracle and NetSuite's cloud service offerings, targeting enterprise customers, will continue to operate and coexist in the marketplace indefinitely. NetSuite, an established player in the cloud enterprise resource planning (ERP) sector, holds a prominent position with its offerings for supply and demand tracking, inventory management, accounting, customer relationship management (CRM), and HR solutions. The ERP industry has witnessed considerable mergers and acquisitions along with consolidation in recent years. Oracle, known for its aggressive acquisition strategy, has been actively acquiring smaller companies throughout 2016, including Opower and Textura.


2012. CDC Software and Consona unite into one company - Aptean



Hong Kong-based CDC Software, a hybrid enterprise software provider offering both on-premise and cloud deployments, has merged with Indianapolis-based Consona Corp. to create a new entity called Aptean. With over 10,000 customers in 50 countries, CDC Software brings its expertise to the combined organization. Aptean, now headquartered in Atlanta, boasts a customer base of more than 9,000 and a global network of sales and support operations with 1,500 employees. This merger brings together Consona and CDC's complementary solutions in crucial application areas such as customer relationship management (CRM), enterprise resource planning (ERP), and supply chain management (SCM).


2012. Consona acquired open source ERP software provider Compiere



US enterprise software company Consona has recently acquired Compiere, a leading on-demand ERP (enterprise resource planning) vendor. This strategic move allows Consona to establish its presence in the realm of cloud computing. Compiere stands out in the ERP industry as it offers both cloud-based functionality and operates on an open-source model, although it does have comparable counterparts like OpenBravo. With a primary focus on distribution, Compiere's software complements Consona's existing products designed for small to mid-sized discrete manufacturers. According to a statement, Consona intends to uphold and advance the development of Compiere's product portfolio, which currently serves around 130 customers. Furthermore, Consona is committed to supporting Compiere's open-source strategy, ensuring continuity for its user base.


2010. NetSuite fights hairballs. But makes one with Google Apps



NetSuite marketing team is well known for its sense of humor. But before their humor was mainly inspired by SAP and its "stealth" launch of SaaS solution SAP Business ByDesign (that let NetSuite make its business). By the way, it's interesting that actually NetSuite drives away Oracle's customers as well as SAP's, but with respect to Oracle, the NetSuite marketers behave much more modest, because the Oracle CEO, Larry Ellison in co-owner of NetSuite. But let's go back to hairballs. What is it? According to NetSuite, the hairball - is a thing that happens when a company deploys disparate IT systems and then tries to integrate them. The conclusion is simple - use NetSuite, where everything is natively integrated. In addition to funny video NetSuite unveiled the updated system interface and seamless integration with Google Apps: ***


2009. Netsuite invented Social ERP



Netsuite has already missed the opportunity to use the Social CRM buzz. Salesforce and some other CRM vendors have already unveiled social features and launched the marketing promotions. But Netsuite has all chances to become the first to offer Social ERP. Today Netsuite and InsideView announced about the new partnership in order to create the Social ERP. But why do we need this social ERP software? Everything was clear with social CRM: salesperson needs to monitor customers and leads in the social networks in order to involve into the discussions and sell something. But why ERP, that  is intended for resources accounting and planning, needs the similar features? Netsuite has found some answers to this question. ***


2009. Netsuite connects to SAP

Netsuite has unveiled OneWorld for SAP, a new product that provides SAP customers with the advantages of divisional Software as a Service (SaaS) while consolidating divisional data for aggregate reporting purposes. This solution empowers large enterprises to maintain their existing investments in legacy business applications while implementing a modern, web-based suite of business applications, resulting in cost reduction and increased competitiveness and productivity for their divisions. Netsuite aims to address the needs of multinational corporations by offering a flexible and functional solution that can be rapidly and cost-effectively deployed to business divisions. The company aims to provide software systems that are more adaptable, customizable, and flexible than those offered by the corporate parent company. At the core of this offering is SuiteCloud Connect for SAP, a product and service offering that bridges the gap between Netsuite data and SAP reporting. It enables the aggregation of data such as general ledgers and revenue information into SAP for consolidated reporting purposes.


2009. Netsuite created SuiteCloud Connect for Salesforce.com

NetSuite has announced a collaboration with third-party developers to introduce connectors that integrate its SuiteCloud suite with Salesforce.com CRM apps. These connectors enable users to seamlessly incorporate NetSuite applications into their collection of software as a service (SaaS) applications. SuiteCloud Connect comprises a range of integration applications that combine Salesforce.com's salesforce automation and customer relationship management software with NetSuite's online ERP suite. By establishing this connection, NetSuite aims to facilitate best-of-breed SaaS deployments. The integration with Salesforce.com is a logical step for NetSuite, as Salesforce.com boasts higher annual revenue and a larger user base. By reaching out to an audience already familiar with SaaS solutions, NetSuite expects to attract more customers to its platform.


2009. NetSuite delving into cloud computing

NetSuite, a provider of on-demand enterprise software services, is expanding its offerings to include cloud computing through its new service called SuiteCloud. In addition to hosting enterprise software on demand, NetSuite now allows customers to leverage cloud infrastructure for their IT needs. As part of its SuiteCloud Ecosystem, NetSuite is introducing a developer program called SuiteCloud Developer Network and an online marketplace for cloud computing applications called SuiteApp.com. The SuiteCloud platform is built on NetSuite's core enterprise resource management (ERP) software, along with its customer relationship management (CRM) and e-commerce solutions.


2009. NetSuite Created Online ERP for Retailers

NetSuite, a leading provider of on-demand ERP suites, is targeting North American retailers with its latest software suite designed for multi-channel businesses. The Multi-Channel Retail Management Suite offers a range of features to streamline operations, including the creation of web stores that seamlessly connect with physical retail locations. The suite provides a unified view of inventory, accounting, customer information, and package tracking, while also offering integration with eBay. Additional capabilities include marketing campaign tools, such as a "shopping cart abandonment" feature that enables businesses to send customers coupons for items left in their online shopping cart. Pricing for the suite varies based on the specific configuration requirements of each customer, according to the company.


2009. NetSuite boosts sales of OneWorld all-in-one business SaaS offering

NetSuite, a Business SaaS vendor, has announced several customer wins in the region for its integrated OneWorld SaaS offering, which combines accounting, ERP, CRM, and eCommerce functions. One of the new customers is Campus Living Villages, an Australian company that builds and operates student accommodations on campuses worldwide. NetSuite's OneWorld, launched in 2008, is recognized as the first on-demand system to provide real-time subsidiary management and business consolidation capabilities for mid-market companies, delivering them at a lower cost compared to traditional on-premise ERP solutions. The ability of OneWorld to offer local controls within each subsidiary while ensuring global visibility was a significant factor in winning the contract with Campus Living Villages. NetSuite aims to expand its market presence by appointing additional channel partners, particularly those capable of integrating its products with unified communications solutions. The integration of business applications and unified communication products and services is identified as a growth market by industry leaders like Avaya, Nortel, Cisco, and NEC.

Author: Michael Stromann
Michael is an expert in IT Service Management, IT Security and software development. With his extensive experience as a software developer and active involvement in multiple ERP implementation projects, Michael brings a wealth of practical knowledge to his writings. Having previously worked at SAP, he has honed his expertise and gained a deep understanding of software development and implementation processes. Currently, as a freelance developer, Michael continues to contribute to the IT community by sharing his insights through guest articles published on several IT portals. You can contact Michael by email stromann@liventerprise.com