An enterprise resource planning (ERP) solution is a major investment for many SMB sized business. Apart from the obvious costs and time commitment it carries, it bears responsibility of being the “command center” of your operations, tasked with supporting, managing, and integrating data and business processes across departments.
There are dozens of ERP solutions available to small and medium businesses, but, through the years, two have emerged as the clear frontrunners: Oracle NetSuite and SAP Business One.
This page will compare and contrast these two leading ERP solutions.
Comparing NetSuite or SAP Business One By Features and Background: History Overview, Deployment, Implementation, Licensing, Reporting And Analytics, Relevant Industry Use Cases, and Softengine’s Conclusion.
How Much Does an SAP Business One Implementation Cost?
Oracle NetSuite or SAP Business One: History
Founded in 1998 in San Mateo, California and acquired by Oracle in 2016, Oracle NetSuite holds the distinction of being the first cloud-based ERP solution. It has an impressive track record, serving 16,000 clients in more than 100 countries.
Although the software was originally built for accounting, it has since expanded to include other business areas like finance, supply chain management, order management, procurement, marketing automation, human capital management and many others.
Oracle NetSuite has a global network of partners spanning several industries, and features hundreds of third-party integrations for a variety of use-cases.
SAP Business One is an ERP solution specially built for small- and medium-sized businesses, i.e. those with a range of 5 – 500 users. It boasts an expansive client base of over 60,000 companies in 150 countries.
Business One covers nearly every business area, including sales, reporting, financial planning, vendor management, inventory management, project management, and customer relationship management. It also provides 1,500+ integrations for supply chain management, e-commerce, finance, and CRM.
Over the years, SAP and its partners have developed a plethora of industry-specific solutions and use cases that have been tried and tested in manufacturing, retail, energy, food and beverage, public service, and financial service.
The software’s biggest strength is its underlying machinery–a combination of Microsoft’s SQL Server Database and SAP’s very own HANA in-memory database.
Compare Oracle NetSuite or SAP Business One: Deployment
Compare The Benefits Of The Cloud Solutions And Hybrid
SAP Business One has a flexible selection for those looking for an on-premise or hybrid solution, as well as for those still transitioning from physical servers to cloud. In addition, SAP Business One Cloud upgrades deployed are optional. Upgrades can be planned, dodging issues from sensitive times in your business.
Oracle NetSuite is 100% cloud solution. One of the most significant differences between Oracle NetSuite or SAP Business One is that Oracle NetSuite is strictly cloud-based ERP solution, whereas Business One offers both cloud and on-premise deployment. This freedom and flexibility may provide you with greater value and options.
Compare SAP Business One and Oracle NetSuite
ERP Implementations Are Complex, A Good Partner Makes All The Difference
SAP Business One Partnership Program enables experts in all industries to provide specialized implementations that meet your business needs. Utilize local resources who can implement all application modules from proposal, work alongside you on critical tasks like system configuration, data conversion, report or analytic creation, system testing, and cutover.
Oracle NetSuite is known for outsourcing their direct implementation making timing for meetings difficult with offshore consulting resources at local consulting rates. Fixed-fee implementations quickly lose appeal when customer misses responsibilities (resource commitment/timing) and therefore fixed-fee is forfeited.
Compare SAP Business One or Oracle NetSuite: Licensing
Choosing the Right Licensing for Your Needs
With SAP Business One you get a dedicated partner and the full support of SAP behind your evaluation and purchase. SAP Business One is only licensed through authorized resellers whereas Oracle NetSuite is sold and licensed through both partners (resellers) and offered directly by Oracle NetSuite sales reps.
Oracle NetSuite’s licensing model is complex and generally more expensive whereas with SAP Business One licensing is based upon the number of user licenses and the core platform. Within the Oracle NetSuite community partners cite frustration by having to “compete” for the same customers and oftentimes being undercut on price and services offered. Oracle NetSuite payment terms are a year in advance.
Oracle NetSuite or SAP Business One: Reporting and Analytics
Streamline Your Processes and Effectively Analyze Your Product
SAP Business One HANA outperforms Oracle NetSuite when it comes to analytics tools, data modeling, database management, and overall performance. HANA’s in-memory relational database management system is arguably the best you can get.
Furthermore, Business One has improved its dashboard in recent years, transitioning to a more seamless and customizable Fiori interface that allows you to keep important features visible and less important ones hidden.
Oracle NetSuite’s Financial Report Builder tool builds the financial statements reporting. Including grouping financial data differently or including additional data in the report such as budget details.
Compare Oracle NetSuite or SAP Business One: Industry Use-Cases
Select a SystemThat Knows Your Industry Needs
One of the most important considerations when selecting an ERP solution is figuring out which matches your business needs. As far as industry-specific use cases go, there’s a lot of overlap when comparing Oracle NetSuite and Business One. The major distinction between the two offerings aside from deployment modes, has to do with product maturity and depth within the manufacturing and distribution verticals.
SAP Business One generally provides more robust capabilities in the manufacturing space, natively or referred to as “out of the box”. SAP Business One has developed specific industry solutions on top of SAP Business One to provide that last mile of functionality necessary for specific industries.
Oracle NetSuite product suite requires customization and 3rd party add-ons to compete with Business One. In recent years Oracle NetSuite has encouraged its partners to develop additional products/solutions to support niche industries, and are still continuing development of a fortified product.
Oracle NetSuite or SAP Business One: Conclusion
For companies that have outgrown QuickBooks or a legacy ERP solution comparing SAP Business One and Oracle NetSuite will provide a modern and proven cloud-based ERP solution that can help your business scale. SAP Business One will likely be the ideal choice for companies that are looking for flexibility in their deployment options and businesses that are inventory and asset intensive.