NetSuite ERP vs Oracle Fusion Cloud ERP comparison

 

Comparison Buyer's Guide

Executive SummaryUpdated on Jan 14, 2024
 

Categories and Ranking

NetSuite ERP
Ranking in Cloud ERP
1st
Average Rating
7.8
Number of Reviews
33
Ranking in other categories
Activity Based Costing Software (5th), Billing Software (1st)
Oracle Fusion Cloud ERP
Ranking in Cloud ERP
2nd
Average Rating
8.2
Number of Reviews
37
Ranking in other categories
No ranking in other categories
 

Mindshare comparison

As of July 2024, in the Cloud ERP category, the mindshare of NetSuite ERP is 33.8%, up from 29.3% compared to the previous year. The mindshare of Oracle Fusion Cloud ERP is 24.3%, down from 30.1% compared to the previous year. It is calculated based on PeerSpot user engagement data.
Cloud ERP
Unique Categories:
Activity Based Costing Software
5.4%
Billing Software
9.4%
No other categories found
 

Featured Reviews

DB
Jul 16, 2020
Highly customizable, no infrastructure needed, and very scalable
There's always room for improvement in every system. It's going to have some functional verticals that just aren't as competitive in the app, due to the fact that there are older systems that have been built for 20 years that are deep. For example, in manufacturing, there's something called process manufacturing, versus discrete manufacturing. There's a couple of systems that'll beat NetSuite on process manufacturing. 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. There's a lot of bodies. There's a lot of kids there. I call them the kids because they're people in their twenties, maybe in their thirties. If you're under 40, you are still a kid to me. What it boils down to is that I've been doing assessments for 40 years. I have five grown sons between the age of 30 and 44. Not a single one of them, if they worked around the clock for the rest of their lives, could catch up with me on experience, because in today's market people get pigeonholed and specialized. They don't get a broad experience. People aren't building systems anymore, so you don't have that depth. What it boils down to is most of these people working in these ERP projects, in all the systems, are truly not systems people. They're actually people that just know how to push buttons and settings and workflows and reports, and spit things out. They know how to configure a system, however, they don't really know much about how it would actually do what it does, or how it's built. Therefore, the weakness in that is that when you get into business models that require some real custom configuration, they don't really know how to do that. In today's market, young people aren't learning how to really learn a business. What's happening is a lot of systems focused work without first understanding the business that they're actually serving. That's prevalent in the NetSuite world and these newer systems, due to the fact that they've basically been staffed with and around young people who really don't have a lot of business experience. They may know a lot about that application, that system, but then not really know very much about the business. Business experience is an issue in this market today.
Thomas Joe - PeerSpot reviewer
Aug 16, 2023
The solution is scalable, but needs to enhance the customization of the existing tools
We use Oracle ERP Cloud as the main source of data storage and financial management. Our complete financial record is securely stored there.  I find that the overall framework and database structure is quite comprehensive. I appreciate the opportunity to be part of the Oracle ERP community as it…

Quotes from Members

We asked business professionals to review the solutions they use. Here are some excerpts of what they said:
 

Pros

"NetSuite is significantly more affordable than Oracle EBS and offers a wider range of features than other OEMs."
"The initial setup is easy."
"We can install the bundles based on our needs."
"I have found there to be many features, such as manufacturing, accounting, financials, inventory, and purchasing."
"I am impressed with the product's ease of use. It also helps us reduce the techstack."
"The inventory feature in NetSuite ERP is very valuable to me because it provides clear estimates about the depreciation of details and includes useful mobile modules."
"We leverage the core platform but are able to add additional functionality for ease of use, tailored processes, and industry related reporting."
"NetSuite ERP is good for a trading company that involves buying and selling."
"The solution saves time and money."
"Oracle ERP Cloud is a stable solution."
"Oracle ERP Cloud is a well-established and well-known product that is cost-effective for the customer."
"The solution is highly configurable"
"Built-in business intelligence has real-time reporting features that are quite handy."
"I use Oracle ERP Cloud for implementation support."
"The entire solution operates online or on the cloud and this is a valuable feature of Oracle Fusion Cloud ERP."
"The best part of Oracle ERP Cloud is that everything can be found in a single place."
 

Cons

"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."
"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."
"The solution's initial setup process was complex."
"Improvement-wise, it should be more customizable. Currently, you can't enhance the product yourself in terms of development for any applications unless you've got a very strong and big development team. Those are the skills that are in very short supply."
"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."
"The manufacturing and planning side could be improved. That part isn't up to date. NetSuite could be easier to integrate in general."
"The areas that this product needs to improve on is the implementation and inventory processes."
"I would like to see improved customization options in NetSuite ERP, possibly through generative modules, to enhance flexibility and efficiency."
"Oracle Fusion Cloud ERP's interface needs to be improved."
"You need a lot of knowledge to set up Oracle ERP Cloud."
"The solution's new analytics information, dashboard, and flexibility of reporting could be improved."
"The tool must enable users to customize the reports."
"One disadvantage is that we don't have immediate access to evaluate or fix data that is not in the app until we own the database."
"Technical support is good, however, sometimes we do need to wait for an answer."
"I would like to see Oracle improve the automation of data entry."
"There are integration issues and a lack of flexibility within OIC. When integrating systems, the process feels rigid and linear."
 

Pricing and Cost Advice

"NetSuite ERP has a cost per module you want to use, and then you have the license per user."
"When people buy ERP, it's a competitive situation and the pricing is paramount."
"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."
"I would advise that you first meet with and scope out your project with a NetSuite VAR (Value Added Reseller)."
"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."
"It is expensive."
"There is an annual license required to use this solution."
"The solution is expensive and there are some services that are extra costs."
"The price is average compared to other vendors. The licensing is on a yearly basis depending on the subscription pattern. There are no extra costs apart from licensing."
"We pay additional costs to a consulting company."
"For an ERP Cloud, the pricing is relatively high."
"The solution's pricing is reasonable in the global market"
"The price of the solution is expensive. There are additional costs associated with this particular case that must be taken into consideration when calculating the overall expense. These costs may include but are not limited to, additional materials, labor, and other miscellaneous expenses that may arise during the course of the project. It is important to note that these additional costs may exceed the initial pricing estimate."
"The solution is moderately priced, where it is neither expensive nor cheap."
"The tool’s price must be improved."
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Top Industries

By visitors reading reviews
Educational Organization
41%
Computer Software Company
10%
Manufacturing Company
6%
Financial Services Firm
4%
Educational Organization
43%
Computer Software Company
8%
University
5%
Financial Services Firm
5%
 

Company Size

By reviewers
Large Enterprise
Midsize Enterprise
Small Business
 

Questions from the Community

What do you like most about NetSuite ERP?
The inventory feature in NetSuite ERP is very valuable to me because it provides clear estimates about the depreciation of details and includes useful mobile modules.
What is your experience regarding pricing and costs for NetSuite ERP?
I would rate the costliness of NetSuite ERP as five out of ten. It is moderately affordable for our organization. There were additional costs for Arabic licensing, but otherwise, the pricing was fi...
What needs improvement with NetSuite ERP?
In the future, I would like to see improved customization options in NetSuite ERP, possibly through generative modules, to enhance flexibility and efficiency. I would also like to see improved lang...
What do you like most about Oracle ERP Cloud?
The user interface is the best feature.
What is your experience regarding pricing and costs for Oracle ERP Cloud?
The solution's pricing is reasonable in the global market but not in Turkey, which is mainly due to the country's poor economic condition. I believe the vendor should provide some flexibility with ...
What needs improvement with Oracle ERP Cloud?
For economically weak countries, the solution's price appears expensive.
 

Learn More

 

Overview

 

Sample Customers

2Pure, Accuvant, Actian, Adtegrity, Advantage Sign Supply, All-Safe Pool Safety Products, Alton Lane, AMC Liquidators
Grupo Aeromexico SAB de CV, Australian Finance Group Ltd., Shelf Drilling Ltd., Boise State University, The Rancon Group, Arin Innovation, PROMATIS software GmbH, KBBO, Delaware Life Insurance, Worthington Industries, Solairus Aviation
Find out what your peers are saying about NetSuite ERP vs. Oracle Fusion Cloud ERP and other solutions. Updated: July 2024.
793,295 professionals have used our research since 2012.