Compare Odoo Vs Netsuite
The key element of success for a corporate organization mainly depends upon the software applications they choose to function on. Furthermore, in the case of small and medium-sized enterprises, this choice is very critical due to budget constraints.
Why choose Odoo over Netsuite?
Netsuite and Odoo are both ERP solutions that can be operated on a cloud. However, Odoo also supports on-premise hosting for users to be operating locally. The features of Odoo and Netsuite may go hand in hand but in comparison, Odoo ERP seems to have an extra nudge over the other. Moreover, the customization abilities of Netsuite are limited compared to Odoo which can be flexed to be operational in any mode of business.
In comparison, one of the key aspects which Netsuite lacks is advanced HR management which is limited in feature comparison to Odoos HR management. Furthermore, the operations in Odoo are managed by designated modules of the platform which are limited in the Netsuite software. However, the module in Netsuite can be purchased separately providing certain flexibility but does not overweight the adaptability and customization feature of Odoo. In addition, comparing the background and success rate Odoo has over 12 million users which are higher compared to Netsuite which has only 30,000+ users.
Odoo vs NetSuite
Odoo and NetSuite are both powerful ERP solutions, but they cater to different needs and business sizes.
Odoo is modular, open-source, and highly customizable, making it ideal for small to mid-sized businesses looking for flexibility at a lower cost. Its Community edition is free, while the Enterprise edition offers enhanced functionality and official support. Odoo excels in providing a unified platform for sales, inventory, CRM, accounting, and more, with the ability to tailor modules as per business requirements.
NetSuite, developed by Oracle, is a fully cloud-based ERP designed for larger enterprises or rapidly growing businesses. It provides a comprehensive suite of tools for financials, CRM, e-commerce, and global business management. NetSuite is known for its scalability, strong compliance capabilities, and advanced financial management features, but it comes with a significantly higher cost and less flexibility compared to Odoo.
NetSuite
Oracle NetSuite provides a suite of comprehensive cloud-based Enterprise Resource Planning for mid-sized to corporate enterprises. The products for business management by Netsuite includes:
- NetSuite ERP for inventory, supply chain, and financials
- NetSuite CRM for sales and marketing
- NetSuite Commerce for both web and on-site sales
- NetSuite PSA for project management
Each of the products should be purchased separately which adds up to the flexibility of the ERP. Additionally, NetSuite also offers a separate variant of its platform to multinational companies called OneWorld, combining all the above products with multinational company management aspects such as handling company branches, multi-currencies, multi-accounting standards, tax specifications, etc. In addition, the SuiteApp for Netsuite provides more than 300 applications for various user-specific needs. Furthermore, there are only 30,000+ application users.
40,000
client organizations
160
countries
#1
vendor of ERP Cloud Software
312
apps in SuiteApp
Odoo Enterprise
Odoo is an open-source ERP that can be availed in two editions, one being the community one which is free of cost but limited in features and cannot be customized. Furthermore, the edition is suitable for companies with minimum users. The second one being the enterprise editions which are loaded with features and can be customized to operate as per the business needs. However, there is a license fee and the cost is affected by the Odoo pricing factors. In addition, the platform can be hosted in Odoo online, Odoo Sh, and on-premise. Furthermore, the add ons available for the platform can be downloaded from the Odoo website which has both free as well as paid applications that can be downloaded for additional application-specific features.
12
million users
120+
countries
2550
partners
40000+
apps in odoo apps
Sales
NetSuite
Odoo Enterprise
B2B Sales
Quotes to Orders
Electronic Signatures
Online Payment
Quotation Templates
Upselling & Cross Selling
Subscription Management
In-Store Sales
Point of Sale (retail)
Point of Sale (restaurant)
Online Sales
eCommerce
eBay Integration
CRM
NetSuite
Odoo Enterprise
Sales Flow
Leads Nurturing
Lead Scoring
Leads Management
Opportunities Management
Pipeline Management
Third Party Management
Communication Tools
Customer Multi-Address
Calls / Meetings / Mail
VOIP
Email Integration
Live Chat
Full Customer History
Email Templates
Opportunities Analysis
Accounting & Finance
NetSuite
Odoo Enterprise
Internal Process
Analytic Accounting
Alerts
Budgets
Expenses
Assets Management
Real-Time Inventory Valuation
Analytic Reports
Daily Operations
Bank Interface / Automatic Sync
Quick Reconciliation
Deferred Revenues
Checks Management
Invoice Management
Invoicing Management
Batch Send
Third Party Follow-Up
Payment Automation (SEPA)
International
International
Multi-Company
Multi-Currency
Marketing
NetSuite
Odoo Enterprise
Actions
Mass Mailing
Blog / SEO / Web Pages
Events
Marketing Automation
Drag & Drop Page Editor
Marketing Campaign
Contacts Segmentation
Follow-up
Survey
Keyword Marketing
Visitors Tracking
Checks Management
Social Media Management
Manufacturing
NetSuite
Odoo Enterprise
Manage
MRP
Routings
Order of Assembly
Costing
PLM
Work Sheets
Traceability
Quality Management
Maintenance
Tablets on Work Center
Feedback Loop
Overall Equipment Effectiveness (OEE)
IOT Out-of-the-box
Repairs Management
Schedule & Plan
Scheduling
Product Variants
Multi-Level BOM’s
Purchase
NetSuite
Odoo Enterprise
Purchase
Request for Quotation (RFQ)
Purchase Tender
Pricing & Discounts
Fulfillment
Make-to-Order (MTO)
Minimum Stock Rule
MPS
Manage
Invoice Control
Reception Control
Services & Projects
NetSuite
Odoo Enterprise
Basic Project Management
Lean Approach/Kanban View
Planning
Customer Oriented
Helpdesk/Support
Timesheets
Email Integration
Human Resources
NetSuite
Odoo Enterprise
Recruitments
Appraisals
Leaves/Holidays
Fleet Management
Payroll
Fleet Management
Expenses
Salary Configurator