An unbiased comparison of ERP solutions between NetSuite and Odoo

Published August 17, 2023

Managing the business with spreadsheets and older tools may constrain the business potential that is needed in the modern business environment. If you need ERP software that helps your business to improve its efficiency and adapt to the modern business world Odoo and Oracle NetSuite can be the best option.

To automate the key business process, like lowering operational costs and increasing business efficiency, odoo development and NetSuit development can be a solution. But to choose one among the two ERP solutions, you have to compare its pros and cons. To help you with choosing the one that suits you, here’s the comparison between Odoo and NetSuit software:

What is Odoo?

Odoo ERP, previously known as OpenERP, is an open-source business suite that is fully customizable and helps to manage almost every part of the business. Odoo ERP is available in three versions, Odoo Community, Odoo Enterprise, and an online edition. Two of the Odoo ERP are local, and the online edition offers a cloud-based solution.

Business can be carried out in 30 different certified apps with Odoo, and this allows the business to choose what is important to their business and add more when it needs change. With Odoo, businesses can easily manage different tasks of various departments like HR, sales, finance, and many other features specific to the business.

What is NetSuite?

NetSuite is a cloud-based ERP software that helps businesses of various sizes to run more efficiently in a cost-effective way. This ERP software can provide significant solutions to businesses, like real-time data and insights, simplified processes, and a 360-degree analysis of business performance.

NetSuite helps manage the core business process with single and fully integrated ERP solutions. NetSuite is easy to use and fast to deploy, and flexible to support every aspect of your business.

Differences between Odoo and NetSuite ERP solutions

1. Flexibility

As Odoo has an open-source nature, it is generally considered more flexible than NetSuit. Odoo offers incredible flexibility with access to the configuration and change in source code. Odoo offers more functions to large businesses as it has hundreds of apps that can be added to the core ERP functions. So, odoo development services can help with Odoo ERP that can be made suitable to the specific needs of the business.

NetSuite is a cloud-based software-as-a-service which means it can be a standard product for various types of organizations. This had the disadvantage of the ability to change the software to suit the specific needs of the business. But, this ERP tool can be best suited for a business that prioritizes standardization.

2. Modularity

The next feature to compare is the level of modularity. NetSuite is an integrative complete ERP software solution, so it provides many integrated modules. This feature makes it hard to deploy parts of the other technology.

It is simple to implement a phased approach with Odoo as it has a modular structure. Any business can be separated into different modules and can be tied together with integration. If implementation features are considered, Odoo may look easier, and NetSuite is more standardized.

3. Ownership cost

Ownership is an important factor to consider, as NetSuit tends to be more expensive, and Odoo has a lower pricing model. In the long term, due to higher subscription and license costs, NetSuite can be expensive, but the license cost of Odoo is comparatively lower.

It is important to note that the open-source nature of the Odoo may need additional costs for customization and other support. NetSuite may have a cost structure that is more predictable with less chance of unexpected expenses.

4. Complexity

The level of complexity is an important feature to consider in the usability of the software. NetSuite is a more simple type of product with a single SaaS fully integrated solution. As most of the NetSuite features can’t be changed, which is considered negative, but on the other hand, its simple and accessible feature makes it a positive factor.

Odoo is a modular structure, and this creates a certain amount of complexity. This might be challenging for some businesses to manage with a strong IT team, but this shortcoming can be solved with odoo development services. The development services can make the task more simple and accessible.

5. Compliance and security

The Odoo and NetSuit offer the best compliance and security features that protect sensitive data by ensuring compliance. The advantage Odoo has over NetSuite is that Odoo is more transparent in its security practices. Odoo allows its customers to do their own security audits.

The security options are customizable and flexible with Odoo, and there is an access control and two-factor authentication feature. NetSuite is a cloud-based proprietary, which makes it difficult for the customers to know about the security practices.

6. User interface and experience

NetSuite and Odoo offer a simple and modern user experience and user interface. But Odoo’s UX and UI are more user-friendly and simple, with more customizable options. The odoo erp software development can make the software more consistent across different modules and makes navigation easier. The NetSuit UX and UI can be confusing and overwhelming for many, especially for the new user. Understanding and navigating the platform may take a longer time.

7. Commercial value

Business value is what matters most in the end. How you view the value of your business depends on the factors that have been covered above regarding cost, flexibility, and ease of use of both ERP packages. The best economic value is expected to come from ERP software that satisfies customer needs and supports organizational objectives.

It is still important for an organization to find its business requirements, business process and future requirements. These factors will serve as the main evaluating factors for any software. Comparing the expenses of these two solutions with the business value can be simpler using the general criteria listed above.

Final thoughts

Odoo and NetSuit are popular options for ERP solutions. NetSuite can be suitable for businesses that look for standardized solutions. With its open-source feature, Odoo offers more flexibility and modularity. Organizations looking for scalability and customization can approach odoo erp development services to make better use of the software.

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