Enterprise resource planning (ERP) software like NetSuite and SAP can be an incredible tool for companies looking to manage and streamline their organizational processes.
Both SAP Business One and NetSuite have an extensive list of features that can help your company improve every aspect of your business, from marketing to financials.
So how do you choose between NetSuite and SAP Business One?
In this article, we will assess the strengths and weaknesses of each software solution to help you decide which one is right for your company’s unique needs.
What is an ERP Solution & Who Needs It?
ERP solutions allow companies to use a system of integrated applications to track and manage information across departments and business functions.
If implemented correctly, an ERP system aids the flow of information across the organization, improving operational efficiency and lowering communication costs.
ERP software typically integrates all facets of a company’s operations - product planning, supply chain management, sales, marketing, and so forth - into a single database and a single user interface.
A typical organization will use a combination of different ERP modules to automate and manage back-office tasks such as:
Distribution and supply chain management
Accounting and finance management
Human resources and payroll management
Standardizing critical business processes
Facilitating more efficient project planning
Reducing redundant tasks
It is usually designed for larger organizations and often requires a dedicated team of specialists to customize and maintain.
However, small and medium-sized businesses with a strong growth outlook can also benefit, especially if they find a solution that fits their needs and their budget.
The Basics: What You Need to Know about NetSuite vs SAP
Targeted at large enterprises as well as growing mid-sized companies
Full functionality of Accounting, Inventory Management, Reporting & Analytics across enterprises of all sizes
Can be used by anyone and everyone inside your organization, from clerical staff to management
Has been exclusively cloud-based from day one
Tailored pricing; base license costs $999
Targeted at large enterprises
Full functionality of Accounting, Inventory & Warehouse Management, Purchasing, Reporting & Analytics across enterprises of all sizes
Now offers a cloud-based solution in addition to their long-standing on-premise-only software
Tailored pricing; user licenses are $39/month
NetSuite vs SAP Business One: Which One's Better?
NetSuite was designed as an exclusively cloud-based solution, while SAP was originally meant to be accessed by the user’s own IT system only.
However, SAP can also now be deployed via the cloud, or even a hybrid online-offline system, giving the user the benefits of both approaches.
All you need is internet access and your login information, and you can easily check anything in the NetSuite system while sitting in a cab on your way to work.
SAP is also fairly mobile-friendly but relies on its partners to provide mobile access and web experiences.
Companies often avoid upgrading their ERP systems because of a fear of disruption.
With NetSuite, system updates are carried out automatically and affect every single NetSuite customer simultaneously. This could be a drawback if you are using custom integrations which may or may not be compatible with the system update.
If you choose to purchase a NetSuite license, we recommend you only use integration tools which are native to the NetSuite environment.
It will help ensure that your NetSuite setup is always compatible with the newest updates.
In SAP, updates can be deployed at a customer’s discretion and planned in advance.
Both software options provide users with the ability to add user-defined fields and manipulate the face of the database to include only relevant elements for their business.
You can also make code customizations to both solutions.
With NetSuite, you do not need to edit the code to directly customize forms, records, KPIs, and its visual appearance.
If a particular type of customization is not already available in the NetSuite interface, you can easily find a third-party add-on that does exactly what you need.
It's important to note that directly editing the SAP code will restrict the user’s ability to upgrade the system and apply bug fixes.
Analytics & Reporting
Both solutions have excellent tools for providing you with full reporting functionality, as well as showing you KPIs and dashboards.
NetSuite’s “Suite Analytics” is arguably much easier to use than the SAP alternative.
The tool is very user-friendly, and lets users generate real-time reports that provide immediate insights (and look nothing like a boring Excel spreadsheet).
The system also automates calculations, provides continual revenue recognition tracking, and offers complete support for all main revenue recognition rules.
SAP’s analytics component has similar functionality to NetSuite’s Suite Analytics.
Additionally, SAP users get the added benefit of an Excel tool for further data manipulation and analysis.
However, a lot of advanced analytics tools in SAP require a separate license, which adds to the overall cost of the software as your company expands and grows.
Overall, while SAP’s list of features is impressive, they're often more in-depth than most users need.
Drilling down into the many layers of SAP’s software can prove confusing to some users, increasing the time and resources each user needs to spend learning how to use the software.
Cost of Licences
NetSuite is a subscription-based service that gives companies access to all its features for the same price.
Some of SAP’s higher level offerings are rather expensive, and if your company grows to need them, you may be required to pay for multiple separate licenses to access these features.
NetSuite has the capabilities to integrate with hundreds of other software solutions to make your company run even more efficiently - including our own configure, price, quote (CPQ) software.
While SAP Business One offers the ability to integrate with SAP certified solutions, NetSuite is much more flexible when it comes to third-party integrations.
How Verenia Can Help
Choosing the right ERP software solution for your company is not easy.
However, powerful integration tools like Verenia CPQ make NetSuite the best choice for companies that deal with complex, configurable products on a daily basis.
Streamline your sales process
With our CPQ, your sales reps don't have to look through endless spreadsheets to create the right product configuration.
They can simply use our dynamic click-by-click product configurator to get the job done - while still on the call with a customer!
This significantly streamlines your sales process, reducing operational costs, and helping you maximize revenue.
Think about it: if configuring a product took only a couple of minutes, max, how much more would your sales reps get done it a day?
How many more deals would they close?
And how happy would your customers be if they didn't have to wait for days or even weeks to get a quote?
With our CPQ, all of that is possible - and your next revenue goal is within reach.
100% native to NetSuite
Our CPQ is 100% native to NetSuite, so you don't have to worry about NetSuite updates crashing your system.
In addition to that, there are no hidden adoption or integration costs for you to worry about.
In fact, our CPQ has helped our clients eliminate 99% of their sales training costs altogether.
With Verenia CPQ for NetSuite, your sales reps can start selling the second they walk through the door!
Your Next Steps
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