 |
NetSuite vs Oracle ERP
Last updated: May 27, 2023
NetSuite and Oracle ERP are two powerful enterprise resource planning (ERP) solutions, with some key differences in their offerings.
NetSuite, a cloud-based ERP system acquired by Oracle, is designed for small and medium-sized businesses (SMBs) as well as larger enterprises. It provides a unified suite of applications for managing various business functions, including financials, inventory management, order management, procurement, and customer relationship management (CRM). NetSuite's cloud-based architecture allows for easy scalability, flexibility, and accessibility from anywhere, making it suitable for organizations looking for a modern and agile ERP solution.
On the other hand, Oracle ERP, developed by Oracle Corporation, caters to the needs of large enterprises with complex and global operations. It offers a comprehensive suite of applications that cover a wide range of business processes, including finance, supply chain management, manufacturing, human resources, and customer experience. Oracle ERP provides robust functionalities, industry-specific features, and deep integration capabilities with other Oracle products. It is known for its extensive customization options, scalability, and robust security features.
See also: Top 10 Online ERP software
NetSuite, a cloud-based ERP system acquired by Oracle, is designed for small and medium-sized businesses (SMBs) as well as larger enterprises. It provides a unified suite of applications for managing various business functions, including financials, inventory management, order management, procurement, and customer relationship management (CRM). NetSuite's cloud-based architecture allows for easy scalability, flexibility, and accessibility from anywhere, making it suitable for organizations looking for a modern and agile ERP solution.
On the other hand, Oracle ERP, developed by Oracle Corporation, caters to the needs of large enterprises with complex and global operations. It offers a comprehensive suite of applications that cover a wide range of business processes, including finance, supply chain management, manufacturing, human resources, and customer experience. Oracle ERP provides robust functionalities, industry-specific features, and deep integration capabilities with other Oracle products. It is known for its extensive customization options, scalability, and robust security features.
See also: Top 10 Online ERP software
20
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.
14
Oracle Enterprise Resource Planning (ERP) Cloud is a suite of cloud applications for finance, project management, procurement, risk management, and other core day-to-day activities important in every business, regardless of size, industry, or geography. Designed from the ground-up with a modern architecture and technology, Oracle ERP Cloud is natively connected with all Oracle enterprise cloud applications and scales inherently to support added users, transactions, and sites as your business grows by size and into new markets across your country or the globe.
NetSuite vs Oracle ERP 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.
2014. Oracle E-Business Suite unveiled cloud-centric apps
Oracle has refreshed its ERP solution E-Business Suite to provide more integration with the company's cloud services. It also made it more tablet friendly. The Financials portion has been integrated with Oracle Revenue Management Cloud to let users leverage the revenue compliance and recognition benefits of that product. Enhancements in Project Contracts and Project Billing lets U.S. federal contractors improve cash flow, increase transparency and automate billing. Purchasing has been improved with changes that provide more buyer productivity in dealing with large orders. The changes include Web ADI-enabled spreadsheet creation, as well as modifications to purchase order lines, schedules and distributions. Web ADI, or Applications Desktop Integrator, is Oracle's tool for connecting its applications with Microsoft Excel.
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.
