zzERP for compare and Contrast

Netsuite ERP

NetSuite ERP is an all-in-one cloud business management solution that helps organizations operate more
effectively by automating core processes and providing real-time visibility into operational and financial
performance. With a single, integrated suite of applications for managing accounting, order processing,
inventory management, production, supply chain and warehouse operations, NetSuite ERP gives
companies clear visibility into their data and tighter control over their businesses.

Make Better Decisions

Access financial, operational and transactional data from across the organization. Easily customize
dashboards, reports and visual analytics to provide a summary-level overview or an in-depth account of
business activity.

Simplify Your Business

Manage accounting, inventory, operations, distribution and more from a single application. Automate
manual processes to save time and free up resources to better serve customers, identify new
opportunities and outpace the competition.

Run a Global Business With Ease

Effortlessly manage multiple subsidiaries, business units and legal entities with one ERP solution. Get
real-time visibility at local, regional and headquarter levels, and standardize business processes across all
divisions and subsidiaries. NetSuite ERP is used in more than 200 countries, supports over 27 languages
and 190 currencies — and can handle your global business with ease.

What is NetSuite used for?

NetSuite helps companies manage key business processes with a single, fully integrated cloud-based
system. Some of those processes include enterprise resource planning and financials, CRM, e-commerce,
inventory and more.

Is NetSuite an ERP?

NetSuite is the most used cloud enterprise resource planning, or ERP, solution globally. Its ERP system
manages core business functions including finance and accounting, inventory, orders and more.

What is unique about NetSuite?

NetSuite allows companies of any shape and size to manage their entire business applications in one
unified system. It even handles the diverse needs of global businesses that use different currencies,
languages, tax laws and reporting requirements.
Is NetSuite easy to use?

NetSuite has an intuitive and user-friendly interface; however, many new users will benefit from
dedicated training hours to get familiar with the tool. NetSuite consultants, like RSM, often provide blogs
for new tips and tricks for their customers.

What is Oracle ERP?

Oracle ERP Logo

Oracle ERP system is comprehensive software for managing business processes and functions, real-time
reporting, business intelligence, and business decisions. Oracle ERP Cloud SaaS software provides
advanced Generation 2 public cloud capabilities, including an advanced intelligent voice user interface
(UI). Oracle continues to offer on-premises ERPsoftware.

Oracle Cloud ERP software applications include:

Oracle Financials cloud

Project Management

Procurement cloud

Risk Management

Enterprise Performance Management (EPM)

Supply Chain Management (SCM)

Adaptive Intelligent Apps for ERP

Analytics for Cloud ERP.

In ERP 2.0 (Generation 2), which enables the latest technology, security, and best practices, human
capital management (HCM) or human resources is outside the ERP system. Oracle Fusion middleware is
the digital platform working with cloud applications in Oracle ERP and other Oracle software solutions.

Either Oracle Sales Cloud (Oracle’s #2 rated CRM) or Salesforce (#1 rated CRM), for customer relationship
management and customer experience (CX), integrate with Oracle ERP Fusion.

Which Types of Businesses Use Oracle ERP?

Businesses in many industries use Oracle ERP. Oracle ERP is a top-tier ERP system used by large global
enterprise companies with big budgets.
Innovative companies seeking the latest technology applications providing real-time business
intelligence for decision-making and taking action steps, choose Oracle ERP on cloud.

Manufacturers using a wide range of production methods use Oracle Cloud ERP. The cloud solution
works for discrete product manufacturing, process manufacturing, mixed-mode manufacturing, and
project manufacturing. The Oracle Cloud ERP system uses generation 2 cloud technologies, including the
Internet of Things (IoT) with sensors, computer vision, machine learning (ML/AI), and an intelligent voice
digital assistant. Oracle Cloud ERP can alert when manufacturing defects or deviations from standards
occur early enough during manufacturing to take action. These software tools save substantial costs and
enhance enterprise performance.

Global publicly-held businesses whose financial management needs to understand and communicate
results, perform financial planning with multiple scenarios, and bid on M&A deals, use Oracle Cloud ERP.
NetSuite ERP (Enterprise Resource Planning) is a cloud-based business management software system
that provides a comprehensive suite of tools for managing various aspects of a business's operations.
Developed by NetSuite Inc., which is now a subsidiary of Oracle Corporation, NetSuite ERP is designed to
help organizations streamline their processes, improve efficiency, and gain better insights into their
financial and operational data.

Key features and modules of NetSuite ERP include:

Financial Management: NetSuite ERP offers features for financial planning, accounting, and reporting. It
includes tools for general ledger, accounts payable and receivable, financial consolidation, budgeting,
and financial analytics.

Inventory Management: This module allows businesses to manage their inventory levels efficiently,
monitor stock movements, and optimize reorder points to prevent stockouts and overstock situations.

Order and Billing Management: NetSuite helps manage the entire order-to-cash process, from sales
quotes and orders to invoicing and revenue recognition. It can handle complex pricing structures and
subscription billing.

Procurement: Streamlines the procurement process by automating purchase orders, vendor

Manufacturing and Production: For businesses involved in manufacturing, NetSuite offers tools for
managing production processes, work orders, and bills of materials (BOMs).

Supply Chain Management: This module helps in optimizing supply chain operations by providing
visibility into inventory levels, demand forecasting, and supplier performance.

Customer Relationship Management (CRM): NetSuite ERP includes CRM features to manage customer
and lead data, track sales opportunities, and provide a 360-degree view of customer interactions.

E-commerce: For companies with online sales channels, NetSuite can integrate with e-commerce
platforms and help manage online storefronts, order processing, and customer support.
Human Resources (HR): While NetSuite is primarily an ERP system, it also includes basic HR functionality,
such as employee records, payroll, and time tracking. However, some organizations may opt for
specialized HR software for more advanced HR needs.

Analytics and Reporting: NetSuite offers robust reporting and analytics capabilities, including
customizable dashboards and real-time data access to make data-driven decisions.

Customization and Integration: NetSuite is highly customizable and supports integration with other
software systems and third-party applications through APIs.

Multi-subsidiary and Multi-currency Support: NetSuite is suitable for global organizations with support
for multiple subsidiaries, locations, and currencies.

NetSuite ERP is known for its scalability, making it suitable for businesses of various sizes, from small
startups to large enterprises. Its cloud-based nature allows for remote access, automatic updates, and
scalability without the need for extensive on-premises infrastructure.

Overall, NetSuite ERP aims to provide a holistic solution for businesses to manage their financials,
operations, and customer relationships in a unified platform, helping them achieve greater efficiency and
agility in their operations.

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