NetSuite ERP vs PeopleSoft comparison

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Executive Summary

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

Find out in this report how the two Activity Based Costing Software solutions compare in terms of features, pricing, service and support, easy of deployment, and ROI.
To learn more, read our detailed NetSuite ERP vs. PeopleSoft Report (Updated: May 2024).
771,740 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
"We can install the bundles based on our needs.""It offers reporting flexibilities that were previously unavailable to us.""The initial setup is easy.""NetSuite ERP is good for a trading company that involves buying and selling.""The most valuable feature in NetSuite ERP is the user interface.""NetSuite is significantly more affordable than Oracle EBS and offers a wider range of features than other OEMs.""Every year, they release a new version.""The user interface is very good."

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"The recruiting is most valuable. It saves time in having easy and fast applicants tracking as well as candidates' contact plus pipeline management.""It's a mature product.""The most valuable feature of PeopleSoft is the functionality that allows the ability to find all the data about employees that are needed.""It's very fully featured. It has more features and more configurability than SAP.""PeopleSoft is resilient and has the flexibility for us to customize it.""PeopleSoft is scalable.""The most valuable feature is IDE.""Stability-wise, it is a good tool."

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Cons
"Many features such as local taxation and fund management are not there yet.""In NetSuite ERP, they should focus on offering better customization options.""What needs to be improved is the development in the other areas and other businesses that can use NetSuite.""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 areas that this product needs to improve on is the implementation and inventory processes.""Additionally, adding advanced modules such as AI components or customer service modules could help the system become more scalable.""The solution could be more stable.""As with any system offering large volumes of data, there are limitations on processing large volumes of data in custom ways."

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"The solution could improve by offering PeopleSoft site licenses. Currently, Oracle is pushing for everyone to transition to the cloud, but clients are discontent with this approach. Offering new PeopleSoft site licenses would be the most beneficial for our clients.""If there is another release, they should look at going to mobile computing to stay competitive.""This solution could be improved by lowering the cost of support.""Initial setup can be complex without training or use of consultants.""Response time takes very long and requires a person to be awake night and day to benefit from it.""PeopleSoft lacks integration capabilities.""Stability is an area where the solution lacks and needs to be improved.""The whole systematic flow of any query raised to HR should be improved."

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Pricing and Cost Advice
  • "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 →

  • "Check all options before a decision is made."
  • "It's approximately $3,000,000 to $4,000,000 USD per year."
  • "The licensing cost for PeopleSoft is 3,500 per course and the annual subscription fee is 6,500."
  • "I don't know if they are still providing licenses or if they have suspending licenses."
  • "There are no additional costs for licensing."
  • "We are a University and the cost and license are negotiated privately."
  • "The main issue we have with the solution is that it is very expensive."
  • "One of the cheapest solutions available and also one of the best."
  • More PeopleSoft Pricing and Cost Advice →

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    Questions from the Community
    Top Answer: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.
    Top Answer: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 fixed… more »
    Top Answer: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… more »
    Top Answer:Although both are solutions to manage HR, their differences make each one suitable for different companies Oracle Cloud HCM is a platform for connecting all human resource processes in your… more »
    Top Answer:I use the reporting feature occasionally to check for potential improvements in timesheets. We have integrated it with Power BI.
    Ranking
    Views
    2,814
    Comparisons
    1,684
    Reviews
    11
    Average Words per Review
    637
    Rating
    7.7
    Views
    1,849
    Comparisons
    1,564
    Reviews
    16
    Average Words per Review
    484
    Rating
    7.9
    Comparisons
    Learn More
    Overview

    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.”

    PeopleSoft is an ERP solution that provides businesses with tools for managing their entire workforce including human resources and financial operations, such as payroll, benefits, talent management, and supply chain management. Originally developed by PeopleSoft, Inc., and later acquired by Oracle Corporation, the software helps address talent management needs and maximize employee productivity and efficiency.

    PeopleSoft Features

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


    • Simple and intuitive: PeopleSoft HCM delivers a clean, consistent, and user-friendly design, resulting in greater user satisfaction that leads to higher adoption without the high cost of training employees.


    • Anywhere, anytime mobility: With mobile devices being such an integral part of today’s modern work life, PeopleSoft offers today’s mobile and wireless managers and employees an effective and secure method for accessing the information they need, with the ability to effectively execute HR transactions from anywhere, at any time.


    • Flexible and configurable: PeopleSoft enables you to leverage a single application optimized for all form factors that works on any mobile device – no need for separate applications for mobile and desktop.


    • Robust: Because the solution is robust, you can use it to increase retention and improve employee engagement.


    • Powerful and actionable, embedded analytics: PeopleSoft’s actionable, embedded analytics help you spend less time gathering data and more time analyzing and executing employee data.



    PeopleSoft Benefits

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


    • Greater employee satisfaction: Users will find PeopleSoft’s software easy to use, leading to better productivity levels and also increased employee satisfaction.


    • Manage dynamic workforce: The solution provides secure access to employee information so users can manage essential HR functions effectively.


    • Increased administrator productivity: PeopleSoft empowers employees and managers by enabling them to execute common HR tasks so administrators can focus on other top priorities.


    • Quickly make informed decisions: By using PeopleSoft’s embedded, real-time, multidimensional analysis capabilities, users can make more informed business decisions.


    Reviews from Real Users

    PeopleSoft is a solution that stands out when compared to many of its competitors. Some of its major advantages are that it has a lot of functionality and is customizable.

    A Regional Director at a tech services company mentions, “The most valuable feature is that it's wide and broad and it does about everything anybody needs in a major organization from a back-office systems point of view.”

    "PeopleSoft is a good core system. It has a lot of functionality. "They frequently update the solution and recently they have added some good enhancement features for higher education. We just switched to the new fluid interface and that is working very well for us. It is very good," says another reviewer who is an HR/Pay Systems Administrator/Director at a university.


    A Senior Manager for DevOps Infrastructure at a financial services firm, explains why he finds the solution so beneficial: "It is a customizable product. We can customize it based on our needs, which is one of the features that I like about PeopleSoft. As far as financial accounting is concerned, the user interface is very good. You can also configure a Chart of Accounts for all performance insights."

    Sample Customers
    2Pure, Accuvant, Actian, Adtegrity, Advantage Sign Supply, All-Safe Pool Safety Products, Alton Lane, AMC Liquidators
    BMI Healthcare, Lone Star College System, Jefferson County Public Schools, Griffith University, Los Rios Community College District, Tervita Corporation, INFRA S.A. de C.V., ICF Habitat, Central Washington University, Tech Mahindra Limited, Cognizant Technology Solutions, Stanford Childrens Health
    Top Industries
    REVIEWERS
    Computer Software Company23%
    Non Profit15%
    Integrator8%
    Recreational Facilities/Services Company8%
    VISITORS READING REVIEWS
    Educational Organization38%
    Computer Software Company10%
    Manufacturing Company6%
    Financial Services Firm5%
    REVIEWERS
    University12%
    Computer Software Company10%
    Financial Services Firm10%
    Manufacturing Company10%
    VISITORS READING REVIEWS
    Computer Software Company11%
    Financial Services Firm10%
    Government9%
    University9%
    Company Size
    REVIEWERS
    Small Business65%
    Midsize Enterprise21%
    Large Enterprise15%
    VISITORS READING REVIEWS
    Small Business21%
    Midsize Enterprise46%
    Large Enterprise33%
    REVIEWERS
    Small Business26%
    Midsize Enterprise18%
    Large Enterprise55%
    VISITORS READING REVIEWS
    Small Business16%
    Midsize Enterprise13%
    Large Enterprise71%
    Buyer's Guide
    NetSuite ERP vs. PeopleSoft
    May 2024
    Find out what your peers are saying about NetSuite ERP vs. PeopleSoft and other solutions. Updated: May 2024.
    771,740 professionals have used our research since 2012.

    NetSuite ERP is ranked 4th in Activity Based Costing Software with 33 reviews while PeopleSoft is ranked 6th in Activity Based Costing Software with 80 reviews. NetSuite ERP is rated 7.8, while PeopleSoft is rated 8.0. The top reviewer of NetSuite ERP writes "Carries a broad range of applications, specifically in the field services area". On the other hand, the top reviewer of PeopleSoft writes "Comprehensive solution for SCM but requires add-ons for fluid pages". NetSuite ERP is most compared with Oracle Fusion Cloud ERP, NetSuite OneWorld, SAP S/4HANA, Oracle E-Business Suite and SAP Business ByDesign, whereas PeopleSoft is most compared with Oracle HCM Cloud, Workday, Oracle Fusion Cloud ERP, SAP SuccessFactors and Ellucian. See our NetSuite ERP vs. PeopleSoft report.

    See our list of best Activity Based Costing Software vendors.

    We monitor all Activity Based Costing 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.