FinancialForce vs NetSuite
Last updated: July 29, 2016
FinancialForce cloud ERP is a comprehensive and innovative financial management system that takes a fresh approach to a traditional business function. This online accounting application combines the power of the Force.com cloud with a groundbreaking accounting system design. FinancialForce Accounting is native to Salesforce CRM.
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.
FinancialForce vs NetSuite in our news:
2016. Oracle buys cloud ERP provider NetSuite for $9.3B
Oracle will acquire NetSuite for about $9.3 billion. Both Oracle and NetSuite’s cloud service offerings aimed at enterprise customers will continue to operate and “coexist in the marketplace forever,” according to a statement by Oracle CEO Mark Hurd. Eighteen-year-old NetSuite claims a dominant position in the cloud enterprise resource planning (ERP) space, which includes offerings to help businesses track supply and demand, inventory, accounting, customer relationships (CRM) and HR. The ERP industry has been an active space for M&A and general consolidation over the past few years, and Oracle in general has been an aggressive acquirer of smaller companies throughout 2016, with recent pick-ups including Opower and Textura.
2015. FinancialForce cloud ERP raises $110M to take on SAP and Oracle
FinancialForce, the cloud ERP built on top of the Salesforce1 platform, announced a new round of funding, landing $110M in additional investment. As the cloud matures, we are seeing more back off functions like ERP moving to the cloud and beginning to gain traction. Up until now, it’s a market that has been dominated by the usual suspects SAP, Oracle and Microsoft, but cloud players like FinancialForce and NetSuite are beginning to make some noise. FinancialForce itself is an interesting player. FinancialForce is built on Force.com and certainly sells itself as the logical ERP product for Salesforce customers. It has gone beyond this, however. While FinancialForce still works admirably well with Salesforce customers, it is a credible offering in its own right.
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.
2004. NetSuite updates customer management tools
NetSuite, a provider of hosted customer relationship management software, plans to debut an updated version of its services that aims to give users more powerful tools to sort data. NetSuite 10.0 offers analysis tools to help businesses predict information about their customers based on data they have already entered. The San Mateo, Calif., "software as a service" company believes that many standalone CRM systems have failed to deliver real insight into customer behavior. Rival business software packages revolve around data related to internal sales processes, the company said. NetSuite is able to integrate data taken from multiple applications partly because its tools exist in a single architecture. That allows CRM, enterprise resource planning (ERP) and e-commerce processes to be managed in a single database, Nelson said. In addition to selling all the applications in one package, NetSuite's CRM and ERP products are sold individually.