Who Wins The Odoo vs Netsuite ERP Comparison?
For small to mid sized organisations in the market for a modern ERP software, Odoo and NetSuite are commonly on the list. Both available as a cloud ERP, they will give you control over the core functions of your organisation, presenting real-time data anywhere, anytime.
Odoo vs NetSuite: Similarities
Odoo and Netsuite are a collection of business management applications. They power startups, SME's, mid- market enterprises and large enterprises. While both offer the ability to add modules as your business grows, the flexibility, modular design and affordability of each ERP varies greatly.
Netsuite vs Odoo: Key Points Of Differentiation
One thing that is clear from user ratings of Odoo vs NetSuite in 2022 is that Odoo users rate the functionality of the system higher than NetSuite.
We’ve compiled G2’s user satisfaction reviews for Odoo vs NetSuite which you can download from the 'download now' button above.
Total Cost of Ownership
Both NetSuite and Odoo operate a subscription-based pricing model where annual or monthly subscription fees are charged for access to the platform.
While NetSuite’s exact pricing isn’t available on their website, consensus of third-party websites is that you’ll pay for the core NetSuite platform and preferred modules (that can range from $199 to $99) plus the number of users ($99 per month to register additional users).
On top of the subscription fees for NetSuite is a one-time setup fee. The upside to NetSuite being a SaaS being that the costs of system maintenance and updates remain with NetSuite.
Odoo’s pricing system is more transparent but similar in structure. Subscription rates are clearly visible on their website with an easy to use, dynamic online calculator. You can get a subscription for one user for as low as $25 per month. Rather than working with Odoo themselves, it is recommended you implement Odoo with an experienced, local partner who will ensure your implementation is a success and that future upgrades are done with ease. Implementation costs will therefore differ depending on your implementation partner.
To further assess the total cost of ownership (TCO) for both products it is important to understand the key difference that leads to the different cost buckets that you will see fill up over time. Consider NetSuite’s TCO is attributed to more expensive subscriptions and licenses. In addition, within their contracts and subscription agreements there are a number of clauses that cause TCO to increase over time. Whether it be transaction volume based, number of users, modules or all of the above – this results in creeping costs. Odoo’s low subscription and licensing costs are incredibly low in comparison. The additional costs for this system will come with the implementation and maintenance of the software. You’ll want to be sure that you work with an experience Odoo Partner to ensure a support package is available to handle upgrades and technical maintenance.
Even so, considering TCO for both products, Odoo wins this affordability race.
Typically, organisations are deploying new technology to become more flexible across their whole business model. Odoo is considered to be more flexible due to it’s open-source technology, which allows access to the software’s source code where customisations can be built that will tailor the software to your exact needs. Better yet, the programming language (Python) is versatile, widely known and loved by software engineers, developers and data scientists.
An added benefit of Odoo’s flexible platform is the availability of thousands of business applications that can be added to the core modules of Odoo ERP, extending the functionality of the software to specific needs.
NetSuite on the other hand, is a ‘Software as a Service’ (SaaS) platform. Meaning that the software is built specifically to be used as an off-the-shelf solution whereby organisations all over the world use the same instance of that software. While customisations can be made, NetSuite remains in control of what programmers are allowed to customise. Any customisations are treated as second tier code and must be built using NetSuite’s proprietary language ‘Suite Script’.
When it comes to flexibility in the Odoo vs NetSuite battle, Odoo wins by a long shot.
It has been argued that NetSuite’s inflexibility is a pro to businesses looking for standardisation and off-the-shelf capability that can easily be deployed. However, Odoo Enterprise is available as a powerful off-the-shelf solution, delivering the same capability of standardisation which is often misunderstood as a result of the perceptions around open-source software.
Ultimately, how a platform is built should not drive the purchasing decision of ERP software. You’re concerned more with whether the software can meet your needs and deliver the results you are searching for – that’s what matters. Whether it be standardisation or customisation that your organisation requires, Odoo ERP has been built for both.
The modular design of Odoo reflect their mission to make Odoo an affordable ERP solution for businesses of any size. Modular in a way that modules are fully integrated but can be added on as needed. This modularity allows businesses to begin using Odoo ERP as a single app like Accounting or Ecommerce/Website with the knowledge that rapid growth will be backed by an ERP system with extensive business scope.
We know business needs change and Odoo’s modular approach delivers system efficiency. You only use (and pay for) the functionality your organisation requires today. As the business grows and needs inevitably change, modules can be added to fuel and enable that growth.
NetSuite is a complete set of integrated modules that are tightly integrated. Designed to be deployed as a complete ERP system. It would be more difficult therefore, to deploy bits and pieces of the system due to the existing integrations between modules.
NetSuite vs Odoo: Feature Comparison*
Let's get straight into it. NetSuite ERP vs Odoo, which is going to offer your organisation the features it needs?
Rather than outline all of the features for system, these are the features that Odoo does offer, which NetSuite does not:
- Electronic Signature
- Quotation Templates
- Point of Sale (Restaurants)
- eBay Integration
- Live Chat
Accounting & Finance:
- Bank Interface / Automatic Sync
- Quick Reconciliation
- Batch Send (email, standard mail)
- Third Party Follow-Up
- More than 10 countries supported (chart of accounts, taxes, reports etc)
- Drag & Drop Page Editor
- Social Media Management
- Routing For Multi Warehouse (one company)
- Logistic Rules (advanced routings & push/pull rules)
- Work Sheets
- Tablets on Work Centre
- Feedback Loop
- Overal Equipment Effectiveness (OEE)
- IOT Out-Of-The-Box
- Purchase Tender
Services & Projects:
- Lean Approach / Kanban View
- Planning (including capacity managment, multiple costs and budgets)
- Fleet Management
- Salary Configurator
Usability & Productivity:
- Theme Store
- Fully Responsive
- Customised Fields Out-Of-The-Box
- Real Time Chat & Emails
- Dynamic Reporting / Pivot Table
- Full Keyboard Support
*Feature comparison sourced from Odoo
So Which ERP Will Provide The Most Business Value?
Often, businesses are aware of a software need but are unable to implement due to the high level of cost or complexity associated to the task. For growing companies especially, it is optimal to start small in a software solution (or at least address the immediate requirements first) and add new features as the business expands and evolves. So in most cases, a flexible and modular approach works best as it provides the necessary freedom to adapt to change.
Considering the cost, flexibility and modularity of these ERP systems, the product that best fits your needs is the system that will provide the most business value to you. Rather than blindly recommend Odoo as the best ERP for your business, we would rather show you. Get in touch with our experienced consultants and we’ll schedule a no obligation chat to show you how Odoo can fit your every business need whilst remaining on budget, guaranteed.