IBM Maximo vs NetSuite ERP comparison

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Comparison Buyer's Guide
Executive Summary

We performed a comparison between IBM Maximo and NetSuite ERP based on real PeerSpot user reviews.

Find out in this report how the two Billing Software solutions compare in terms of features, pricing, service and support, easy of deployment, and ROI.
To learn more, read our detailed IBM Maximo vs. NetSuite ERP Report (Updated: November 2022).
655,711 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
"There are not many enterprise asset management systems on the market and not many that have the categories that IBM Maximo has.""The most valuable features are the ability to create work orders and preventative maintenance.""IBM Maximo is the best software for assets management.""The most valuable features of IBM Maximo are the overall power and interface, and there are a lot of different modules that we use that are helpful. Additionally, it's an integrated solution and it has a lot of capabilities.""I have found Work Order management the most valuable feature. Additionally, it is a very robust and powerful solution.""We were doing all kinds of paperwork for every type of order and to maintain our assets but with the use of the IBM Maximo application, we can automate a lot of the processes.""Provides great flexibility.""The most valuable feature is asset management maintenance as well as asset management overall."

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"Every year, they release a new version.""The project management aspect and the timesheets are valuable, especially for ensuring that our milestone billings are automated properly. From a manufacturing perspective, it is more to do with the entire management of the inventory, the overall finance, consolidation of books of accounts, and managing the profit and loss in a more effective manner.""We can install the bundles based on our needs.""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.""NetSuite ERP is good for a trading company that involves buying and selling.""The most valuable aspect of NetSuite ERP is the multi-subsidiary portion, it is the strongest across all the other ERPs. If you want to do consolidations, it works a lot better than other tools.""The most valuable feature in NetSuite ERP is the user interface.""The most valuable feature is that it works according to how the Internet works."

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Cons
"There are always ways to improve and make things better.""Areas for improvement would be the user interface and support for Arabic. They could also be more customer-oriented.""This solution could improve by integrating or embedding finances, charts of accounts, and invoicing.""Coding can be complex when customization is required.""Could use some alignment regarding some standards and the tracking of the IT assets. Even though they have all of the information (i.e. where are the assets, who owns the asset, etc.), they were not mapping it to different cyber standards.""IBM is a big company and they have a lot of products. Level One, the first level of tech support, is the one that is used to stop the tsunami. For everyone, it's always work to get past that.""The solution is not stable. We can have one day when it is stable and another day it is not. Sometimes it crashes or becomes very slow, and there are times we are not even able to download all the databases. Without the database, we cannot work on that application. These are the small glitches, and stability issues we are facing.""Initial setup is a longer process because Maximo is bigger and has more processes."

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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.""What needs to be improved is the development in the other areas and other businesses that can use NetSuite.""It would be great if they offered localization for Central America.""If you do go through an implementor, you need to be careful that they are actual implementors and not just resellers.""There is a lot of room for improvement. Multiple manufacturing features need to be updated on NetSuite. More functionalities need to be added. I think there are a lot of functionalities coming out for warehouse management systems and manufacturing automation via advanced manufacturing functionalities. I think they need to improve a little more on those aspects and make it easier on the scheduling aspect.""If they could provide more integration options to connect with different products, that would be ideal.""The solution could be more stable.""The pricing is high."

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Pricing and Cost Advice
  • "I do not know about the price of the solution. However, this has been an expensive project overall."
  • "IBM Maximo offers a licensing application, and you have to comply with the license."
  • "IBM has changed the licensing policy. As I understand now, they are going from a complex way of licensing to a more simple way of licensing."
  • "The price of IBM Maximo could reduce, it is expensive."
  • "$USD700 per agent user."
  • More IBM Maximo Pricing and Cost Advice →

  • "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."
  • More NetSuite ERP Pricing and Cost Advice →

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    Questions from the Community
    Top Answer:IBM Maximo is similar to an ARP. Because it's so massive, you can easily get lost using the application. You need to focus on training the partners and channeling the structure in order to enhance the… more »
    Top Answer:We developed our own manufacturing distribution system and management system. We also have experience with AI and machine learning. So, you can imagine, as a company with a manufacturing distribution… more »
    Top Answer:The project management aspect and the timesheets are valuable, especially for ensuring that our milestone billings are automated properly. From a manufacturing perspective, it is more to do with the… more »
    Top Answer: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… more »
    Top Answer:There is a lot of room for improvement. Multiple manufacturing features need to be updated on NetSuite. More functionalities need to be added. I think there are a lot of functionalities coming out for… more »
    Ranking
    2nd
    out of 35 in Billing Software
    Views
    5,170
    Comparisons
    3,393
    Reviews
    9
    Average Words per Review
    619
    Rating
    8.3
    1st
    out of 35 in Billing Software
    Views
    7,696
    Comparisons
    5,196
    Reviews
    8
    Average Words per Review
    1,181
    Rating
    7.4
    Comparisons
    Also Known As
    Maximo
    Learn More
    Overview
    Organizations of all sizes reduce equipment downtime, closely control and track maintenance expenses, cut spare parts inventories.
    Global ERP NetSuite OneWorld Allows Companies to Manage Back Office Operations Globally AND Locally. NetSuite OneWorld addresses the complex multi-national and multi-company needs of mid-market organizations. Enable businesses to adjust for currency, taxation and legal compliance differences at the local level, with regional and global business consolidation and roll-up. Get unprecedented visibility of your business worldwide in real time, ensuring consistent, compliant management across the organization, locally and globally. NetSuite OneWorld can populate a single charts-of-accounts across subsidiaries, or use separate charts-of-accounts for each company with postings between subsidiaries such as expense allocation managed via inter-company journals. Local taxes are readily handled across subsidiaries with an embedded tax engine that allows for multiple tax schedules for everything from GST, to VAT, to consumption tax or general sales tax. Revenue recognition, local financial reporting and compliance are also built-in components. And OneWorld allows for global order management and sourcing with the ability to manage inventory and fulfillment across multiple locations with product items represented globally or on a per subsidiary basis.
    Offer
    Learn more about IBM Maximo
    Learn more about NetSuite ERP
    Sample Customers
    Royal Boskalis Westminster N.V., DTE Energy, Swedish Match, Projetech, Fingrid, East Coast
    2Pure, Accuvant, Actian, Adtegrity, Advantage Sign Supply, All-Safe Pool Safety Products, Alton Lane, AMC Liquidators
    Top Industries
    REVIEWERS
    Comms Service Provider25%
    Energy/Utilities Company17%
    Government17%
    Manufacturing Company8%
    VISITORS READING REVIEWS
    Computer Software Company17%
    Comms Service Provider10%
    Energy/Utilities Company10%
    Government8%
    REVIEWERS
    Integrator14%
    Recreational Facilities/Services Company14%
    Computer Software Company14%
    Transportation Company14%
    VISITORS READING REVIEWS
    Computer Software Company24%
    Comms Service Provider9%
    Educational Organization6%
    Financial Services Firm6%
    Company Size
    REVIEWERS
    Small Business48%
    Midsize Enterprise10%
    Large Enterprise43%
    VISITORS READING REVIEWS
    Small Business19%
    Midsize Enterprise15%
    Large Enterprise66%
    REVIEWERS
    Small Business63%
    Midsize Enterprise21%
    Large Enterprise17%
    VISITORS READING REVIEWS
    Small Business28%
    Midsize Enterprise16%
    Large Enterprise56%
    Buyer's Guide
    IBM Maximo vs. NetSuite ERP
    November 2022
    Find out what your peers are saying about IBM Maximo vs. NetSuite ERP and other solutions. Updated: November 2022.
    655,711 professionals have used our research since 2012.

    IBM Maximo is ranked 2nd in Billing Software with 9 reviews while NetSuite ERP is ranked 1st in Billing Software with 10 reviews. IBM Maximo is rated 8.4, while NetSuite ERP is rated 7.4. The top reviewer of IBM Maximo writes "A rare enterprise asset management system with good ROI and helpful technical support". On the other hand, the top reviewer of NetSuite ERP writes "Carries a broad range of applications, specifically in the field services area". IBM Maximo is most compared with ServiceNow, IFS Applications, JIRA Service Management, ABB Ability Asset Suite EAM and BMC Helix ITSM, whereas NetSuite ERP is most compared with SAP S/4HANA, Oracle ERP Cloud, Oracle E-Business Suite, SAP Business ByDesign and Microsoft Dynamics 365 Business Central. See our IBM Maximo vs. NetSuite ERP report.

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    We monitor all Billing Software 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.