Enterprise business software has brought a revolution in the business industry over the last decade with the rise of cloud computing. The two most famous solutions in terms of customers and capabilities are SAP and NetSuite.
NetSuite vs SAP – Basic overview
NetSuite was established in 1998. It is a software suite that incorporates business, bookkeeping, ERP, CRM, and E-trade.
Most organizations utilize fundamental apparatuses like Excel or Microsoft Access, Foxpro, Patch, or Oracle. However, it ought to be noticed that the organization can’t go past the abilities of this system. NetSuite incorporates all the functions that you require in the industry.
The core of NetSuite includes everything that encompasses accounting. Usually, an industry has a certain core functionality. For example, distributions are the main functionality of warehouse management.
NetSuite is like a web that manages a variety of functions from E-commerce, shopping cart, taking orders, customer support portal, advanced budgeting, salespeople to drive opportunities and give quotes to customers. It ensures that everything from customers to all the specific orders is in your system. This makes NetSuite one of the top cloud applications.
SAP or Systems Analysis Program development was founded in 1972. It uses memory computing as a source to process a huge amount of data.
It connects all the functions a business requires into an intelligent suite on a fully digital cloud application. The functionalities include; material management, sales, production, finance, human resource (HR), and procurement.
NetSuite vs SAP – Product Features Comparison Review
When it comes to product profiles, SAP was the first attempt at a cloud ERP system. Its main focus is on manufacturing, distribution, and professional service in the mid-market space.
NetSuite on the other hand is a single holistic ERP solution that manages everything from billing, order management, financial management, revenue, and more.
SAP has roughly 3,500 customers and has a product maturity of 11 years, while NetSuite has a product maturity of 20 years and has 16,000 customers.
SAP’s target industries are; manufacturing, professional services, and wholesale distribution.
Whereas NetSuite targets several industries from retail, E-commerce, advertising media, publishing, software and technology, financial services, transport and logistics, wholesale distribution, nonprofit and social ventures, and other services.
NetSuite vs SAP – Financial Management Features
NetSuite manages vast amounts of native financial management features; financial planning (PBCs), multi-company and consolidation, multi-currency, multi-tax, multiple languages, accounts payable, accounts receivable, forecasting and budgeting, fixed assets, general ledger, and subscription billing to name a few.
When it comes to financial management features, SAP manages budgeting, accounts payable, general ledger, multi-currency, localization (has limited capabilities), and revenue (has limited capabilities).
NetSuite vs SAP – Supply Chain Features
When it comes to supply chain features, SAP and NetSuite offer:
NetSuite: Shop floor control and BOM maintenance, work orders and accessibility, inventory management, demand planning, order and production management, WIP, and routing.
SAP: Shop floor control and BOM maintenance, work orders and accessibility, inventory management, demand planning, order, and production management, WIP, and routing.
NetSuite vs SAP – Upfront Cost
NetSuite: the user will have to pay an additional fee for professional services ranging from data migration, implementation, integration, and support for both software.
SAP: the user will have to pay an additional fee for professional services ranging from data migration, implementation, integration, and support for both software.
NetSuite vs SAP – Recurring Cost
For the recurring cost, both NetSuite users will have to pay an annual recurring fee for the software subscription.
For SAP users will have to pay an annual recurring fee for the software subscription.
How To Obtain The License
In SAP the license can be obtained through a partner. However, in NetSuite, it can be done via a partner or director.
SAP vs Netsuite – Reviews
According to software advice, 22 reviews were given to SAP, giving it a rating of 4.5 stars. On the other hand, 91 people reviewed NetSuite, giving it an average of 4 stars.
G2 crowd rankings crowned SAP as the best ERP software 2018. NetSuite was awarded as the best accounting software 2018 and best ERP software 2018.
The two software differ in several features:
Native Human Capital Features
In regards to native human capital features, SAP requires a success factor, whereas NetSuite offers features like human resource management, employee canter, and payroll.
Native Commerce Features
Native commerce features of SAP require SAP Hybris and SAP C4/ HANA.
NetSuite’s features include; order and inventory management, product content management, commerce marketing automation (Bronto), E-commerce, and point of sales.
NetSuite vs SAP – Pricing Review
There are several things to consider when it comes to pricing review.
SAP vs NetSuite – Pricing Transparency
SAP has a singular fully integrated system.
NetSuite has a modular approach when it comes to licensing. Furthermore, the price is often discounted for the initial contract term.
SAP vs NetSuite – Hidden Costs
SAP has no hidden costs.
NetSuite charges an additional 10% for 12-month access to the sandbox. A sandbox is an essential tool for testing each new release.
Pricing information:
SAP offers a monthly subscription which can either be reviewed annually or can be purchased as a one-time fee.
Standard enterprise users will have to pay $149 per month, whereas the price for SCM enterprise users is $199 per month and for ByD a minimum of 10 enterprise users are required.
For NetSuite, the base application starts at $999 per month and each user license costs $99 per month for each user respectively.
Unlike SAP, NetSuite requires a year-long contract that needs to be renewed annually.
Included Support:
After a user gains a subscription they can male use SAP’s twenty-four-seven email and telephone support.
For NetSuite, the user only has the option of emailing during business hours. They will be required to pay an additional 10% charge for telephone support.
NetSuite vs SAP Business by design; newly added features and scalable solutions
Business by design or ByD’s subscription includes access to all new functionalities available by the software.
NetSuite charges an additional amount for “advanced” modules from its users.
NetSuite vs SAP Business by design; partnership model
When it comes to partnership models, SAP provides a clear commitment to the customers and ensures involvement throughout the partner’s sale cycle.
NetSuite charges on the other hand focus on selling directly.
NetSuite vs SAP – Support Review
NetSuite vs SAP Business by design – User Groups
When it comes to user groups SAP has many local user groups across the United States of America.
NetSuite has many local user groups across the United States of America.
End-user training
For SAP, the option of live and online training is available by the SAP training department and by partners.
NetSuite has the option of live and online training is available by the SAP training department and by partners.
Tech Support
SAP offers 24/7 toll-free worldwide phone support.
NetSuite has toll-free worldwide phone support available.
NetSuite vs SAP – Business by design for SMEs and Enterprises
NetSuite and SAP provide several features for SMEs and enterprises. Namely, a defined market, global solutions, simplicity of offering, pricing transparency, solutions regarding hidden costs, newly added features, scalable options, SAP goal support, and partnership models.
Market solutions:
Business by design has a defined market.
NetSuite on the other hand does not have a clearly defined market but it rather has to be redefined since Oracle acquires the product set pushing NetSuite down the market.
Global Solutions:
Business by design is localized across 19 countries from language to tax and even local accounting standards and other practices.
NetSuite was localized only to 8 countries up until August 2017. It only extends to languages and indirect tax.
The simplicity of Offering Solutions:
Business by design’s main focus area is on a growing mid-market business.
NetSuite relies on several functionalities such as partner-developed solutions, maintained solutions, acquired solutions, and advanced modules.
Pricing transparency:
Business by design is a singular fully integrated system.
NetSuite has a modular approach often providing a discount for initial contract terms which is later followed by a precipitous rise in renewal.
Hidden Costs:
SAP has no hidden costs.
NetSuite charges an additional 10% for 12-month access to the sandbox. A sandbox is an essential tool for testing each new release.
Newly Added Features:
Business by design or ByD’s subscription includes access to all new functionalities available by the software.
NetSuite charges an additional amount for “advanced” modules from its users.
Scalable options:
Business by design or ByD’s subscription includes access to all new functionalities available by the software.
NetSuite charges an additional amount for “advanced” modules from its users.
SAP Goal Support:
Business by design provides the same high standards as all other SAP products.
NetSuite’s SAP goal support system is problematic as compared to Business by design.
Partnership Models:
When it comes to partnership models, SAP provides a clear commitment to the customers and ensures involvement throughout the partner’s sale cycle.
NetSuite charges on the other hand focus on selling directly.
NetSuite vs SAP Business One – For Startups and E-commerce
NetSuite vs SAP Business One – Finances
In comparison, NetSuite excels marginally in terms of functionalities as compared to SAP business one.
NetSuite vs SAP Business One – Human Resources
When it comes to human resources NetSuite excels from SAP business by design in terms of the characteristics it possesses.
Manufacturing Management
NetSuite once again excels when it comes to its functionalities related to manufacturing management as compared to its competitor, SAP business one.
Inventory Management
NetSuite scores better according to its customers when it comes to inventory management.
Quality Management:
The solution provided by NetSuite is immensely beneficial as compared to SAP business one.
Purchase Management:
NetSuite again has a greater advantage over its competitor due to its capabilities which are available via modifications.
Product Technology:
NetSuite again has a greater advantage over its competitor. It leads ahead in functionalities and characteristics it has to offer.
Sales Management:
Both NetSuite and SAP business by design provides the same coverage in this realm.
Folio3 is your best NetSuite Tech Partner
Folio3 provides unique, singular cost-effective software development services along with strategic consulting and funding advisory services.
The services available include:
- Application development and maintenance
- Marketing management
- Strategic consulting and advisory services
- Engagement models not only provide offshore incubation but also on-demand project teams.
Folio3 provides its users NetSuite implementation services across multiple industries from manufacturing, software, distribution, health, retails, and beauty just to name a few.
With a well-developed network of NetSuite ecosystem, Folio3 provides its users with a solid NetSuite implementation system that provides its users with all the necessary tools to get the most out of the system they are using be it NetSuite CRM, NetSuite SuiteCommerce ( advanced or site builder) or the NetSuite ERP.
Magento connectors are certified Built For NetSuite (BFN) that provides a fully computerized and real-time solution between NetSuite ERP and Magneto & Magneto 2.
The Shopify NetSuite Integration system is an effective solution to manage your Shopify website and NetSuite back office, keeping the two in sync.
It manages everything from inaccurate orders, customers and item data. Thereby ensuring delivery on time and accurately to your customers.
NetSuite eBay Integration Connector by Foli3 has fully automated the meticulous task of transferring data from your NetSuite to your eBay web store
Folio3 also provides its users with a NetSuite BigCommerce Integration System which effectively syncs everything from customers, pricing, contacts, and products, thereby accelerating the sales.
NetSuite WooCommerce Integration system by Folio3 is an effective way to sync orders, customer data, inventory, products, billing, fulfillment, and more.
NetSuite Amazon Connector maximizes your sales by connecting support from all amazon places.
Conclusion
When pitting NetSuite versus SAP one against one another, it is obvious that the two applications each have their merits and demerits. However, whatever you choose should always be the one best suited to your business’s needs.
