Discover The NetSuite Digital Arena with SAP And How They Are Competing?
NetSuite and SAP are two of the leading ERP software providers in the market, offering a range of solutions for different industries and business sizes. However, they also have some key differences that may affect their suitability for your business needs.
NetSuite is a cloud-based ERP system that is designed for small to medium-sized businesses, especially those in the manufacturing and supply chain sectors. NetSuite offers a unified platform that integrates accounting, CRM, eCommerce, inventory management, and more. NetSuite is known for its modern user interface, strong in-house developers, and feature sets for multiple industries. NetSuite is acknowledged as the top performer in cloud-based implementation. Over the past 20 years, it has gained recognition as the leading global Cloud ERP provider for mid-sized businesses, boasting a large customer base of 28,000 and global experience.
SAP is a global leader in enterprise business software, with a history of innovation and expertise since the 1970s. SAP offers several ERP solutions for different segments of the market, such as SAP Business One, SAP ERP, and SAP S/4HANA. SAP’s ERP solutions are available in the cloud, on-premises, or hybrid deployments, depending on your preferences and needs. SAP is known for its customer/partner community, strong BI tools, and a large network of resellers.
NetSuite and SAP are both powerful enterprise resource planning (ERP) systems that offer a wide range of features and functionalities to businesses. Let’s compare the five features of these two systems and see how they stack up against each other.
NetSuite is considered the top provider of authentic cloud solutions and is acknowledged globally as the leader in Cloud ERP for mid-sized enterprises by reputable analysts due to their extensive experience spanning over 20 years, the large customer base of 28,000, and global presence. NetSuite’s implementation methodology offers best practices that support business transformation. By leveraging thousands of deployments, NetSuite provides a standardized set of workflows, KPIs, reports, and dashboards at the time of go-live.
In contrast, Gartner recognizes SAP ByD as a less significant player in financial management for 2021, and most analysts focus on SAP’s strategic offering, SAP S/4HANA. Additionally, SAP ByD has less than 2,000 exclusive clients. Each SAP B1 implementation is a bespoke build, and costs can vary significantly, often resulting in budget overruns.
The NetSuite Digital Arena comparison with SAP highlighted that NetSuite offers straightforward customization options and seamless integration with third-party applications. Customers can easily customize processes, interfaces, roles, and reports using NetSuite’s point-and-click application customization feature. Moreover, NetSuite’s unified platform enables the hassle-free addition of applications like HR, CRM, and commerce.
In contrast, implementing SAP B1 involves a complex combination of solutions that typically involve an average of seven different software providers. This process often necessitates ongoing consulting fees from partners to ensure the system remains up to date with evolving business needs.
3. Reports and Analytics
NetSuite offers robust reporting and analytics capabilities that can be easily configured by end-users. Using NetSuite’s database model, customers can create customized reports that allow drill-down and drill-through functionality from summary to detailed levels.
In contrast, SAP requires an additional software package (SAP Crystal Reports) for customized reporting, and technical skills are required to use it effectively. As a result, customers who lack in-house technical expertise are often forced to pay for custom consulting from SAP partners for even minor modifications.
NetSuite is designed to grow with businesses of all sizes. Several of NetSuite’s customers started as small ventures and have now become large enterprises.
On the other hand, SAP B1 was created for companies with less than 350 employees, and its performance tends to deteriorate with an increase in user numbers. Customers have to opt for a new implementation to upgrade to the next level SAP ERP once they outgrow B1. Moreover, NetSuite provides built-in financial consolidation and multi-subsidiary management, while B1 requires an additional add-on at an extra cost for this functionality.
5. Financial Management
Both NetSuite and SAP have robust financial management modules, including general ledger, accounts payable, accounts receivable, and financial reporting. The NetSuite Digital Arena with SAP comparison highlights that NetSuite provides a single source of truth for financial data, enabling you to make informed decisions in real-time if your business requires real-time visibility. However, if your business doesn’t require real-time visibility, SAP’s financial management module may suffice.
6. Customer Relationship Management
NetSuite and SAP both offer comprehensive customer relationship management (CRM) modules that allow businesses to manage their sales, marketing, and customer service operations. If you prioritize user-friendliness, NetSuite’s CRM module is more intuitive and easier to navigate than SAP’s. NetSuite’s Digital Arena also enables businesses to track customer interactions and gain insights into their behavior, preferences, and purchase history, enabling them to deliver personalized experiences to customers.
7. Inventory Management
Both NetSuite and SAP offer inventory management modules that allow businesses to track and manage their inventory levels, replenishment, and orders. If your business requires real-time visibility into inventory levels across multiple locations, NetSuite’s Digital Arena provides real-time visibility, enabling you to optimize your inventory levels and reduce carrying costs.
Manufacturing: NetSuite and SAP both offer manufacturing modules that enable businesses to manage their production processes, from planning to execution. If your business requires a flexible and configurable manufacturing module, NetSuite may be a better fit. The NetSuite Digital Arena comparison with SAP highlighted that NetSuite also enables businesses to gain real-time visibility into their manufacturing operations, enabling them to make informed decisions and improve production efficiency. By providing real-time data and analytics, Azdan enables businesses to make data-driven decisions, improving overall performance and profitability.
9. Reporting and Analytics
NetSuite and SAP both offer powerful reporting and analytics capabilities that allow businesses to gain insights into their operations and performance. If your business requires a user-friendly reporting and analytics module, NetSuite’s module is more intuitive than SAP’s. The NetSuite Digital Arena comparison with SAP highlighted that NetSuite also enables businesses to create custom dashboards and reports, enabling them to gain insights into their operations and make data-driven decisions. Azdan provides advanced analytics capabilities, including predictive analytics, machine learning, and data visualization, enabling businesses to gain deeper insights into their operations.
In summary, The NetSuite Digital Arena comparison with SAP highlighted that both NetSuite and SAP have their strengths and weaknesses, and the right choice depends on your business needs and priorities. Consider what features are most important to your business and choose the system that best fits your needs. If real-time visibility and the ability to make informed decisions in real-time are important to your business, then may be a valuable asset for your operations.