Deltek CostPoint vs NetSuite ERP comparison

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Executive Summary

We performed a comparison between Deltek CostPoint and NetSuite ERP based on real PeerSpot user reviews.

Find out what your peers are saying about SAP, Microsoft, Oracle and others in ERP.
To learn more, read our detailed ERP Report (Updated: March 2024).
765,386 professionals have used our research since 2012.
Featured Review
Quotes From Members
We asked business professionals to review the solutions they use.
Here are some excerpts of what they said:
Pros
"The stability of the solution is fine."

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"The most valuable feature in NetSuite ERP is the user interface.""NetSuite ERP is good for a trading company that involves buying and selling.""It is a very solid product for finance and procure-to-pay processes.""I have found there to be many features, such as manufacturing, accounting, financials, inventory, and purchasing.""As NetSuite ERP is a cloud product, a valuable feature I found in it is the very friendly user interface. You can set up shortcuts within the applications for frequently used reports or navigation. You can also customize dashboards in NetSuite ERP. Another feature I found valuable in the solution is good reporting. It has many industry-standard reports focused on finance and inventory. I also like the seamless switching between production and test environments and that you can customize the environments within NetSuite ERP. For example, you can put banners on your test and production environments to differentiate or segregate the logins to prevent mistakes. The solution is pretty easy to use and navigate, and it's more of a lightweight software. I like that it's a cloud product, so work is done on the front end rather than the back end. There's also a community for NetSuite ERP where you can raise your queries and issues. You'll find other people sharing experiences about common issues so you can get quick fixes from the community.""We leverage the core platform but are able to add additional functionality for ease of use, tailored processes, and industry related reporting.""The user interface is very good.""NetSuite is significantly more affordable than Oracle EBS and offers a wider range of features than other OEMs."

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Cons
"Overall, the solution is very difficult to use and learn. The learning curve is difficult. Also, the GUI and user interface are not intuitive."

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"An area for improvement in NetSuite ERP is its accounting functionality because it has certain limitations. You can't maintain sub-ledgers or post accrued expenses in sub-ledger forms, so you'll need to post in journals. The pricing is another area that can be improved in NetSuite ERP because the pricing was lower when it wasn't part of Oracle, but after Oracle acquired Netsuite and NetSuite ERP was offered as a cloud service, the price went up.""In terms of the main improvement to NetSuite is the talent itself. It's grown so fast and there are about 25,000 companies running on it, and it's a relatively newer system compared to other competitors. It's growing so fast that the talent base in the partner organization (there's about 200 of them), is pretty thin.""Many features such as local taxation and fund management are not there yet.""Some of the features around the payroll and payroll taxes and management of that are lacking. We had to outsource some of that because we found that the functionality isn't there.""The areas that this product needs to improve on is the implementation and inventory processes.""In NetSuite ERP, they should focus on offering better customization options.""The solution's initial setup process was complex.""NetSuite ERP's UI could be improved. There are some features that are very complex that do not have to be. There are some aspects of the solution that could be simplified and this can include the documentation. Since it's a very complex tool, you expect to have great detailed documentation to help you implement it."

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Pricing and Cost Advice
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  • "I would advise that you first meet with and scope out your project with a NetSuite VAR (Value Added Reseller)."
  • "When people buy ERP, it's a competitive situation and the pricing is paramount."
  • "It is completely on a subscription basis. We pay yearly and, and you do not have to do anything on a monthly basis. Prices depend on the organization's scale and all those things, but they are doing a good job with the pricing."
  • "There is an annual license required to use this solution."
  • "The price of the solution is quite high."
  • "NetSuite ERP has a cost per module you want to use, and then you have the license per user."
  • "Pricing for NetSuite ERP is okay, but it could be better. The licensing model for NetSuite ERP is based on the number of modules and users. The standard license covers up to twenty-five users. If you have more than twenty-five users, you'll have to buy the premium license, which would double the price. For one module with five user licenses, the cost is between $40,000 to $50,000."
  • "It's very competitively priced due to it being a subscription model. So, clients are quite happy with the pricing. I would rate it an eight out of ten in terms of pricing."
  • More NetSuite ERP Pricing and Cost Advice →

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    Answers from the Community
    MarkKlein
    Harry A. Paulison - PeerSpot reviewerHarry A. Paulison
    Real User

    There are many good answers here, but true the question is a bit too broad.  If you are not playing in the government contractor space NetSuite is an option you will learn to love in the long run.  It is more flexible than most believe, can be customized, powerful reporting tools and is native to the cloud (hosted on the Oracle cloud).  No on premise option.


    Deltek is a very good option if you are playing in the government contractor space and has a number of tools to track project based costing and comply with most of the government required reporting.  It is not native to the cloud, but can be hosted there (they offer Amazon) or on premise.  Decent report writing which looks a lot like Excel.


    Having just compared the two along with some others as well, I would say a reasonably close second to NetSuite is Accumatica.  It is built for the cloud, flexible, a bit less pricey, but if you need more chugging on the MRP side NetSuite is better there particularly considering the newer Supply Chain Control Tower and advanced inventory management capabilities.  NetSuite is not elegant when it comes to Stand Cost, however, so understand your needs and its capabilities.


    You really need to perform a thorough needs analysis that projects into the future and compare that to the capabilities you'll use now and leverage in the future.  Regardless, using an implementation consultant expert in the system you pick is highly recommended.

    Gene Hammons - PeerSpot reviewerGene Hammons
    Real User

    So you're comparing a solid niche player (Deltek) with a leading generalist ERP (NetSuite).


    Most of the clients we see using/choosing Deltek have very specific requirements related to their operations - Deltek plays well in government and quasi-government settings and some of the features they have are hard to find in generalist packages. 


    NetSuite is the first made-for-cloud offering and has been so successful that now every ERP provider has a 'cloud' option. However, be careful mwith some of these cloud options -  because posting your old code in a cloud based server is very different than made-for-cloud and 20 years of cloud experience with NetSuite.   


    So here's the thing, get a good handle on your requirements - pretty much a business analyst effort but make sure your analyst has some ERP knowledge/background.  Share those Requirements with the vendors. Go through the demo process and if there are things Deltek does that are absolute must haves, that's your answer. 


    If Deltek and NetSuite both meet all your requirements, you're probably going to be happier with NetSuite in the long run. But there are plenty of companies who are just fine with Deltek. 

    Questions from the Community
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    Top Answer:It offers reporting flexibilities that were previously unavailable to us.
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    Ranking
    27th
    out of 66 in ERP
    Views
    788
    Comparisons
    510
    Reviews
    0
    Average Words per Review
    0
    Rating
    N/A
    1st
    out of 18 in Cloud ERP
    Views
    3,829
    Comparisons
    2,369
    Reviews
    12
    Average Words per Review
    603
    Rating
    7.8
    Comparisons
    Also Known As
    CostPoint
    Learn More
    Overview
    CostPoint is Deltek's ERP software for Government Contractors to manage project accounting, labor management, manufacturing and business intelligence while improving visibility, efficiency and profitability.

    NetSuite ERP (Enterprise Resource Planning) is a cloud-based business management software that provides a suite of applications to support various business functions, such as finance, accounting, order management, inventory management, and human resources. It is designed to help organizations streamline and automate their operations, improve decision-making, and increase visibility into key performance metrics. NetSuite ERP integrates all business processes in a single system, providing a real-time, unified view of the business and enabling organizations to manage their operations more efficiently and effectively.

    NetSuite ERP Features

    NetSuite ERP has many valuable key features. Some of the most useful ones include:

    • E-commerce: NetSuite ERP provides a platform for creating and managing online stores, enabling organizations to sell products and services online.
    • Reporting and analytics: The solution includes business intelligence and reporting capabilities to help organizations gain insight into their operations and make data-driven decisions.
    • Multi-currency support: NetSuite ERP supports multiple currencies, making it suitable for organizations operating in multiple countries.
    • Global tax management: With its support for global tax management, organizations can manage tax compliance in multiple jurisdictions.
    • Real-time visibility: The solution’s real-time visibility at local, regional and headquarter levels, enables organizations to standardize business processes across all divisions and subsidiaries.
    • General Ledger: With NetSuite's general ledger capabilities, accounting professionals gain flexibility and visibility, richer reporting functionality, enhanced audit trails and the ability to customize account types, transactions and reporting segments to meet unique business requirements.

    NetSuite ERP Benefits

    There are many benefits to implementing NetSuite ERP. Some of the biggest advantages the solution offers include:

    • Simplify your business: With the solution you can manage accounting, inventory, operations, distribution and more from a single application. Users can also automate manual processes to save time and free up resources to better serve customers, identify new opportunities, and outpace the competition.
    • Supply chain optimization: The solution makes it easy to control the flow of goods across the value chain, from suppliers to customers.
    • Flawless order management: NetSuite ERP helps organizations error-proof order management and procurement.
    • Increased warehouse efficiency: With NetSuite ERP, users can optimize the putaway process and reduce picking errors.

    Reviews from Real Users

    NetSuite ERP is a solution that stands out when compared to many of its competitors. Some of its major advantages are its friendly user interface, customizable dashboards, reporting, scalability, stability, and much more.

    GirirajInja, Head of IT operations at Karma technology, says, "As NetSuite ERP is a cloud product, a valuable feature I found in it is the very friendly user interface. You can set up shortcuts within the applications for frequently used reports or navigation. You can also customize dashboards in NetSuite ERP. Another feature I found valuable in the solution is good reporting. It has many industry-standard reports focused on finance and inventory. I also like the seamless switching between production and test environments and that you can customize the environments within NetSuite ERP.”

    Another PeerSpot user, Mohammed I., Sales Manager at Inspirria Cloudtech, states, "NetSuite is significantly more affordable than Oracle EBS and offers a wider range of features than other OEMs.” He also adds, “[It] includes multiple modules, is scalable, and stable.”

    Sample Customers
    Dougherty & Associates Inc, Groth Design Group, CDH Partners, Fieldstone Architecture, FKP Architects, Group2 Architecture Engineering Ltd., PHH ARC, Rios Clementi Hale Studios, R.J. Burnside & Associates Ltd., Seccuris, Stendel + Reich Architects, The Thompson Rosemount Group Inc.
    2Pure, Accuvant, Actian, Adtegrity, Advantage Sign Supply, All-Safe Pool Safety Products, Alton Lane, AMC Liquidators
    Top Industries
    VISITORS READING REVIEWS
    Computer Software Company16%
    Government12%
    Construction Company11%
    Manufacturing Company7%
    REVIEWERS
    Computer Software Company23%
    Non Profit15%
    Integrator8%
    Recreational Facilities/Services Company8%
    VISITORS READING REVIEWS
    Educational Organization38%
    Computer Software Company10%
    Manufacturing Company6%
    Financial Services Firm5%
    Company Size
    VISITORS READING REVIEWS
    Small Business27%
    Midsize Enterprise12%
    Large Enterprise62%
    REVIEWERS
    Small Business65%
    Midsize Enterprise21%
    Large Enterprise15%
    VISITORS READING REVIEWS
    Small Business21%
    Midsize Enterprise46%
    Large Enterprise33%
    Buyer's Guide
    ERP
    March 2024
    Find out what your peers are saying about SAP, Microsoft, Oracle and others in ERP. Updated: March 2024.
    765,386 professionals have used our research since 2012.

    Deltek CostPoint is ranked 27th in ERP while NetSuite ERP is ranked 1st in Cloud ERP with 32 reviews. Deltek CostPoint is rated 7.0, while NetSuite ERP is rated 7.8. The top reviewer of Deltek CostPoint writes "Good solution for finance in general but falls short on the manufacturing side". On the other hand, the top reviewer of NetSuite ERP writes "Carries a broad range of applications, specifically in the field services area". Deltek CostPoint is most compared with Viewpoint ERP, SAP ERP, SAP S/4HANA, BST Global ERP and Epicor ERP, whereas NetSuite ERP is most compared with Oracle Fusion Cloud ERP, NetSuite OneWorld, SAP S/4HANA, Oracle E-Business Suite and IBM Maximo.

    We monitor all ERP reviews to prevent fraudulent reviews and keep review quality high. We do not post reviews by company employees or direct competitors. We validate each review for authenticity via cross-reference with LinkedIn, and personal follow-up with the reviewer when necessary.