Many companies that still use legacy systems are realizing the limitations of such tools and thus, are looking for more modern solutions. Perhaps you’re one of them. On the other hand, maybe your business is rapidly expanding and you feel that you will soon outgrow your ERP software. You could also be a new company that wants to get a head start. Whatever the reason, there’s no harm in picking one from among the best.
So, the question now is, what are the top 3 ERP software solutions? Our software review experts have zeroed in on NetSuite ERP, Odoo, and Sage Intacct. All three have similar robust, flexible offerings, but several features distinguish them from one another – all of which, will be discussed in this article. More than these, however, this post covers how each product fares in terms of key aspects of ERP. This should give you sufficient data to make a stronger case in selecting which ERP software to invest in.
Enterprise Resource Planning (ERP) software solutions are integrated systems rather than a mere tech stack of independent apps. These are specifically created to manage your core business processes or functions in one place. It usually consists of several components. The five most common ERP modules include financial, supply chain, and inventory management.
Suffice it to say that it can do a lot for your business when it comes to simplifying processes, automating workflows, organizing data from various sources, improving efficiency and productivity, and realizing savings. All of these are key reasons why ERP systems are important for your company.
This is further supported by a study conducted by Panorama Consulting where they determined the main reasons for implementing ERP. According to the report, the main goal of businesses when they invest in an ERP solution is to improve performance. This is then followed by helping staff make their jobs easier and ensuring that they stay in compliance. The other reasons are presented in the chart below.
Improve business performance17%
Make employee jobs easier14%
Ensure reporting/regulatory compliance14%
Better integrate systems13%
Replace old ERP or legacy system9%
Position the company for growth9%
Better serve customers8%
Standardize global business operations6%
Appease the parent company/stakeholder5%
Reduce working capital3%
Other companies have ERP2%
Source: Panorama ConsultationDesigned by
While many organizations still go for traditional on-premise systems, an increasing number of organizations are investing in cloud-based ERP systems. These companies have been doing away with side books and improving accounting processes using these tools. They have also been discovering the potential benefits of technologies like the Internet of Things and artificial intelligence.
Below we’ll give you a comparison of the top 3 ERP software systems on our list. We’ll compare the core features, integration capabilities, customer support, and pricing. Moreover, we’ll point out each system’s strong features and give you our verdict so you can make an informed buying decision.
Cloud-based system NetSuite ERP is a comprehensive platform offering tools and capabilities to manage revenues, financials, inventory, orders, billing, and a lot more. It’s also capable of providing your entire organization with custom views of metrics, KPIs, and reports that matter.
NetSuite ERP is an Oracle product that is regarded as one of the most deployed ERP systems in the world. It is an end-to-end solution intended for fast-growing companies, mid-sized organizations, and large enterprises looking to streamline and automate operational processes. Its features are both numerous and robust.
NetSuite ERP’s accounting module is a powerful expense and revenue management tool. It also provides total visibility into important finance-related data. Furthermore, it can seamlessly integrate with other NetSuite products such as apps for ecommerce, inventory, CRM, etc.
The ERP software has several top-of-the-line and customizable dashboards as well. There are many screen layouts that you can configure for specific and general company roles. Even individual employees can personalize their dashboards if the admins allow it.
The platform also features a human capital management system that you can leverage to maximize your employees’ productivity. Consequently, it also brings down the expenditure needed for managing them effectively. It wouldn’t be a hassle too in case your workforce grows or shrinks. That’s because the platform is capable of adapting to such situations and will offer flexible and cost-efficient plans.
Detailed NetSuite ERP Review
The open-source ERP platform Odoo is an ideal solution for those who want to run their business without juggling between multiple software. That’s because it features not only ERP tools but also CRM solutions as well. This makes it great for well-established companies where the owners or managers have to shift between multiple solutions when they manage different parts of business operations such as finance, HR, and customer relations.
Odoo provides you with apps that you can use either for one operation such as CRM or an entire ecosystem of software to manage your entire operations. For instance, if you want to improve your workforce’s efficiency, you can try the system’s productivity tools. It includes apps for communication, marketing, scheduling, project planning, and more.
Likewise, Odoo has sales- solutions as well. It features tools for managing invoices, rents, subscriptions, POS, ecommerce integration, etc. Those are just a few examples of what Odoo can bring to your business. You also gain access to apps for handling inventory, accounting, help desk, and a lot more.
Last but not least, Odoo also employs a flexible pricing scheme where companies only pay for the features they use. This means that, depending on your needs, you can start using the system for as low as $6 per user/month. You can simply add the modules you need along the way, giving you greater control over your budget.
Detailed Odoo Review
The innovative cloud financial management solution Sage Intacct can meet the demanding needs of companies that require both accounting and ERP systems. For starters, it has the reputation of being the only cloud accounting software company that’s designated as the preferred provider by the American Institute of Certified Public Accountants (AICPA). That speaks a lot about the software’s capabilities to bring cutting-edge cloud computing to simplify and automate day-to-day finance and accounting operations.
This ERP software focuses on providing core financial tools and features. However, it also offers various add-on modules and advance solutions that extend the software’s functionality. For instance, the platform has tools for project accounting, inventory management, global and multi-entity consolidations, contract subscription, and more.
This type of modular approach provides you with a flexible and scalable solution for implementing ERP in adoptable phases. Not to mention, it’s more cost-efficient because you only pay for features you actually use.
Sage Intacct allows you to focus on your core business and client goals by lessening the burden from administrative tasks. It also ensures that you never overshoot your intended budget through the platform’s spend management tool.
Lastly, Sage Intacct also has a vendor payment service built on the infrastructure of American Express Global Commercial Services. This means that you can automate your ACH, check, or credit card payment runs. This is a great way to shoot three birds with one stone: accelerate the process, save time and money, and reduce risk.
Detailed Sage Intacct Review
Every business deals with money, one way or another. Therefore, one of ERP’s core modules is for managing finance-related information and processes. Be it paying your employees’ salary, revealing insight into your company’s spending, or forecasting ROI, to name a few.
NetSuite ERP features cloud finance and accounting modules that are tailored for modern businesses. They aid finance leaders in ensuring smooth transactions, operations, and analysis regarding finances. The platform can deal with general ledgers, accounts receivable, tax management, cash management, and more.
On the other hand, Odoo offers a rich set of accounting features with a lot of handy tools such as bills and expenses management and bank synchronization. It also automates several of the essential accounting processes including reconciliation and expense tracking. Furthermore, the system allows you to easily create professional-looking dynamic statements like cash flow, balance sheet, and earnings report.
Meanwhile, as an ERP software, Sage Intacct excels in accounting. It’s equipped with powerful core financial functionalities and can automate even the most complex processes regarding finances. It has tools for order management, purchasing, cash management, general ledger, and many more. The accounting solution offered by Sage Intacct is highly flexible as well, allowing you to configure most of its aspects to fit your unique business needs.
Verdict: While NetSuite ERP and Odoo offer robust accounting and finance-related functionalities, Sage Intacct shines the brightest in this aspect. It provides businesses with powerful core financial capabilities while offering robust add-ons that further extend its functionalities.
Proper care and management of employees are a cornerstone of business priorities. ERP solutions help in this regard by providing you with tools for handling the wide-scale spectrum of staff management — from recruitment to offboarding and everything in between.
NetSuite ERP has a Human Capital Management (HCM) module for this aspect. This people-centric tool can be used to ensure that all your staff members are cared for, motivated, engaged, and effective in their duties. It simplifies the processes involved in payroll to ensure timely payments. It’s a combination of global platforms and emphasizes HR localizations for effective management of global workforces. Your employees would also enjoy benefits made especially for them like easy time-off requests.
Meanwhile, Odoo features several HR management tools as well. For instance, you can use it to create and organize staff profiles. You can also use Odoo to manage the attendance, timesheets, and leaves of your employees. Each of the managers in your organization can have his/her own dashboard too. This streamlines the handling process of your workforce per department. Other notable HR features include social networking tools and performance gamification.
As mentioned before, Sage Intacct’s main capability is providing you with powerful accounting tools. However, it can also integrate with best-in-class human resource applications to ensure that you’re covered when it comes to people management. Through the years, many payrolls and HRMS providers have given Intacct compatible import integration. This offers you a wide number of products to choose from to implement HR-related processes.
Verdict: NetSuite ERP and Odoo are the only ones with native support for tools that will aid companies in properly managing their workforce. However, Sage Intacct and Odoo offer seamless integration with many external apps you can use for HR-related purposes.
Having CRM features in your ERP is beneficial for various reasons. One of them is being able to organize all your customer information more efficiently. This will allow you to quickly access data even when you’re working on other aspects of the system. ERP can also help you design customer care solutions as well as customer campaigns.
NetSuite ERP features a CRM solution that provides you with a total view of your customers in real-time. This platform allows you to access information throughout your entire customer lifecycle – leads, sales, upsell, support, etc. Other CRM features it offers include order management, sales forecasting, customer service management, quote delivery, marketing information, and many more.
As for Odoo, its CRM capacity allows you to monitor leads, get accurate forecasts, and close opportunities. It lets you connect with your customers in real-time through its messaging tools. You can also schedule activities depending on your current sales scripts such as meetings, calls, and quotations. Moreover, your CRM team won’t have to worry about missing important events while they’re away since they’ll be able to easily see when a colleague sends a quote, share an idea, log a call, etc.
Lastly, Sage Intacct can seamlessly connect with the industry-leader Salesforce to automate and streamline your quote-to-cash processes. This will help you save some time and headache as it also reduces instances of errors. Furthermore, it can enhance communication between sales, finance, and other departments. Aside from Salesforce, Intacct can also integrate with loads of CRM solutions like Community Akoya.net and Sage CRM.
Verdict: All three of them offer robust CRM functionalities, as expected from top ERP solutions. However, we’ll give NetSuite ERP and Odoo this round since they have built-in CRM tools in their arsenal.
BI in an ERP will provide you with insights through analysis and reports to make better data-driven decisions. This component will collect data from other components of the system and analyze them. After that, you will then have access to actionable insights that will aid in your business, one way or another.
NetSuite ERP has tons of data to offer from its comprehensive set of components. The good thing is you won’t have to hunt for them to be of use. The platform provides you with integrated dashboards, analysis, and reporting tools to give you valuable insights in real-time. This way, you can easily identify issues, opportunities, or trends and take immediate proper action.
On the other hand, Odoo also offers you with features for keeping an eye on your entire operations. For instance, you can easily generate in-depth reports and charts for any metrics of your business, be it fuel costs, inventory, revenues, sales, etc. Charts can also come in different forms like pie, line, and bar. The system also tracks all your processes so that you can review them later to identify issues and opportunities.
Meanwhile, Sage Intacct has greatly improved its BI aspect when they recently embedded AI capabilities into their Intelligent GL. One of its benefits is the streamlining of the process of the general ledger tool to gain real-time, actionable insights. Moreover, there are new interactive visualization tools that you can use to present data in the clearest way possible.
Verdict: BI is an important module in an ERP solution which is why all our featured products provide you with powerful analysis and report capabilities. This means that all three can be relied upon when it comes to gaining insights into your business.
A company’s state isn’t permanent. It could grow, shrink, or change some of its aspects. Therefore, it is important that you also prepare for such situations when choosing the right ERP software. That will save you the additional expenses and trouble of looking for a new one when a big change happens.
NetSuite ERP’s scalability is one of the benchmarks in the industry. It was developed to ensure that it could support the growth of its users. This means that you can easily expand or configure its functionalities. You can also scale your plan up or down according to what your business needs.
In the case of Odoo, the vendor offers a modular approach to building business solutions. This means that you have complete control over which features of the system you want to use. You can easily scale up or down depending on your needs since adding or removing modules is pretty straightforward.
Sage Intacct offers quote-based pricing where they’ll look into your business requirements to tailor a plan unique to your needs. It also removes the worry out of accounting that uses subscription-based revenue by offering granular revenue recognition schedules.
Verdict: Sage Intacct, Odoo, and NetSuite ERP can all cater to businesses of all sizes. Especially NetSuite, with its completely configurable functionality, plans, and add-ons. Odoo is also ideal for freelancers.
Integrations extend the functionality of a platform. It also gives you the needed flexibility to work with other apps right within the ERP system’s environment. It’s important to know which apps and programs your ERP software support and is compatible with. Luckily, all three systems have good integrations. Each of them comes with API support as well.
NetSuite ERP can integrate with your existing platforms for CRM and web applications and also works with other products in the NetSuite family. These include NetSuite CRM, NetSuite Ecommerce, and NetSuite Professional Services Automation (PSA). Moreover, it integrates with third-party apps including Birst, Contivio, Epay, Bronto, ClickSoftware, and Dell Boomi.
Odoo allows you to build an ecosystem of software that can seamlessly work together. Its ERP solution can easily connect with other Odoo products. Plus it also natively supports a plethora of applications and uses an open-source architecture. More impressive than that, however, is Odoo’s capability to connect with over 23,000 third-party solutions.
Meanwhile, Sage Intacct features a marketplace where you can choose from a wide selection of products to integrate the system with. It works with over 200 partners which makes up a great ecosystem of solutions for your business to thrive on. Products available include Salesforce apps, Stripe, and Tipalti to name a few.
Verdict: All three of them offer robust integration support and an open API capability. However, Odoo has the most comprehensive set of products you can integrate with.
For an enterprise-grade solution, customer support is crucial for a successful roll-out and implementation. Remember that an ERP software system is only one component of your organization’s entire ERP strategy. Hence, it’s vital that you get all the support and assistance that you need with regards to the software.
NetSuite ERP offers phone, email, tickets, and training support. The vendor also curates a blog and a knowledge center complete with webinars, product demos, white papers, and datasheets.
On the other hand, you can contact Odoo’s support through email, phone, live chat, and ticketing system. Its website also features a good amount of resources to assist you in using the system. Lastly, the vendor provides a knowledge base where you can access video tutorials and product updates.
Meanwhile, you can reach Sage Intacct by phone, email, and tickets. It also provides training and has a knowledge portal stocked with resources and product information.
Verdict: All three provide a good learning resource for their users to explore. Also, you can reach all of them by phone, email, and ticket but only Odoo offers live support.
ERP systems are normally offered on a price quote basis and packages are tailored with particular features to match your business needs. The cost will always be a major factor when purchasing software and an ERP that consists of a suite of enterprise-level apps requires major investment. That’s why affordable cloud ERP is becoming a preferred platform.
Good thing, all three ERP systems on our list are available in modular plans that can be expanded later on. Of course, you can always purchase the whole enterprise package if you wish.
NetSuite ERP is available by-quote, so it’s best to contact the vendor to get a customized plan. Its enterprise pricing is based on modules, the number of users per month, and add-ons.
Odoo offers a flexible pricing scheme where users get to choose which features to install and pay. It starts at $6 per user/month and you can add any module you need. Add-on prices range from $4 to $32 per month.
On the other hand, Sage Intacct’s pricing is available by-quote. However, it offers a $400/month subscription for small businesses that are transitioning from QuickBooks. Larger companies replacing their on-premise software and other mid-market systems will typically spend a thousand dollars or more a month.
Verdict: Odoo has the most straightforward pricing of the three. It features a minimum fee and then it will cost you extra depending on the add-on features you choose. However, all three are ideal for businesses of all sizes.
All three ERP systems share common features expected of top solutions, particularly in the areas of accounting and finance. However, NetSuite ERP emerged as a more complete and solid choice when it comes to features and capabilities. It stood out as an all-around ERP solution with its array of tools and functionalities that cover just about every major business function and process.
Sage Intacct and Odoo, on the other hand, are ERP powerhouses and are excellent choices as well. The former is a capable software for accounting while the latter is a great project management solution.
Moreover, the top 3 ERP software included in this list are for businesses of varying sizes. You might be on the smaller end of the spectrum and want to explore more products. In that case, try giving our list of ERP software for small businesses a read. There, you’ll find more selections of ERP programs that are certainly offered in pricing plans suited to an organization of your scale.
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