The most important factor in determining a company's long-term success is the software it uses. Small and medium-sized businesses, on the other hand, have limited resources, making this decision even more critical.
Oracle NetSuite is a cloud-based ERP solution that caters to mid-sized to large corporations. NetSuite's business management products include the following:
- NetSuite ERP for inventory, supply chain, and financial management
- NetSuite CRM for sales and marketing
- NetSuite commerce for web and on-site sales
- Project management using NetSuite PSA
The flexibility of the ERP is enhanced by the purchase of each product separately. The OneWorld platform from NetSuite combines all of the above products with multinational company management features, such as handling company branches, multi-currencies, multi-accounting standards, tax specifications, and so on. In addition, SuiteApp for NetSuite offers more than 300 applications to meet the diverse needs of its users. The number of people using the app is only around 30,000.
The community edition is appropriate for companies with a small number of users. The enterprise edition, on the other hand, is loaded with features and can be customized to operate in accordance with the needs of the company. Nevertheless, a license fee must be paid, and the price is influenced by the Odoo pricing variables. In addition, the platform can be hosted online on Odoo, Odoo Sh, or on-premise. Furthermore, the Odoo website offers both free and paid add-ons for the platform, which can be downloaded for additional application-specific features.
What are the benefits of Odoo over NetSuite?
Both NetSuite and Odoo are ERP systems that can be run on the web. For those who prefer to work on their own, Odoo offers on-premise hosting. Both NetSuite and Odoo ERP have similar features, but Odoo ERP appears to have an edge over the other. Odoo, on the other hand, has a much wider range of customizability and can adapt to any type of business.
In comparison to Odoo's HR management, NetSuite's HR management is severely lacking in advanced capabilities. On the other hand, NetSuite does not have the same level of control over operations as Odoo. While NetSuite has a built-in module that provides a degree of flexibility, it doesn't override Odoo's adaptability and customizability.