Certinia vs NetSuite: Which is the Best ERP Solution?

Last updated on March 14, 2024 by Editorial Staff

Companies constantly seek efficient and effective solutions to manage their operations in today’s competitive business landscape. As a result, Enterprise Resource Planning (ERP) software has become increasingly popular to streamline processes and integrate various aspects of a business.

The post will compare two leading ERP solutions: Certinia vs NetSuite. Both offer comprehensive features designed to help businesses optimize their operations, from financial management and inventory control to customer relationship management and e-commerce. We will dive into the key differences, strengths, and weaknesses of Certinia and NetSuite to help you decide which software best suits your organization’s needs.

Table of Contents

Pros and Cons of Certinia and NetSuite

Let us start comparing certinia and NetSuite ERP solutions.

What is Certinia?

Certinia is a Services-as-a-Business model that delivers a comprehensive solution suite that brings certainty to your operations.

In May 2023, FinancialForce underwent a rebranding, now known as Certinia. Formerly a Software as a Service (SaaS) business application based on the Salesforce platform, Certinia has expanded its offerings to include Cloud ERP solutions and professional services automation through its Services as a Business (SaaB) Platform.

It offers Professional Services Automation, Customer Success, Services CPQ, and ERP cloud in one place.

Its ERP cloud financial management software automates, simplifies, and streamlines financial management on the salesforce platform with various features, including billing process automation, general ledger, and brilliant intelligence.

Certinia features

Accounting and Finance – It simplifies your financial operations by automating routine tasks and generating real-time financial analysis, modeling, and compliance reports in English (US).
Billing management – Flexible billing management provides different billing options, such as recurring, fixed, and one-off. Billing is based on product, subscription, and usage-based (days, monthly, yearly) for products or services.
Revenue management – It includes multiple revenue functions, including the past, present, and total revenue information, that helps to simplify complex revenue calculations.
Financial planning and analysis – It improves your budgeting process by turning it into a forecasting engine. It uses a single platform for core financials and analytics to speed up planning cycles, make quicker decisions, and accelerate business growth.
Procurement – It simplifies the entire procure-to-pay process, including direct and indirect spending, inventory control, workflow approvals, and supplier agreements.
Order and inventory management – It makes ordering and delivering goods and services easier. Obtain adaptable pricing models, access to potential additional sales, information about available stock, and profit margin for each item.
ERP analytics and reporting – By utilizing ERP analytics and reporting powered by CRM analytics, you can generate unique business insights that will enhance your revenue and streamline your operations. You can make data-driven decisions that will expand your business and provide predictability.

Billings page view of Certinia

Recognize the revenue page of Certinia

What is NetSuite?

NetSuite is a cloud-based ERP solution that offers a complete suite of financial, customer relationship, and inventory management applications. It provides users with real-time visibility into all aspects. However, NetSuite is not built on the Salesforce Platform and does not integrate with Salesforce CRM.

NetSuite features

Accounting software – Helps streamline the general ledger and automate the accounting process. In addition, it provides transparent and real-time information about all financial activities.
Financial management – Allows companies to track and manage financial transactions, investments, taxes, and other issues related to their finances.
Global business management – It supports a wide range of business units, languages, and currencies that helps to expand business worldwide.
Inventory management – Most of the inventory processes are automated. It includes Inventory tracking, determining to reorder points, replenishment of inventory, ensuring the safety stock level Etc.
Order management & fulfillment – It streamlines the entire order management process from sales order entry to invoicing. It also includes split shipments and drop ships.
Warehouse management – It streamlines the entire warehouse management process. It helps to improve labor efficiency, track inventory in real time, and provide visibility across multiple locations.
Supply chain management – Automates all aspects of the supply chain, from supplier selection to product delivery. It also helps companies reduce costs by monitoring internal and external resources and evaluating performance over time.
Procurement: It helps companies manage their procurement process, including budgeting, supplier selection, and cost tracking. Additionally, it enables effective inventory management by keeping track of stock levels and ordering new supplies when needed.

Item receipt inventory of NetSuite

Items warehouse management of NetSuite

Global business management of NetSuite

WMS open task page of NetSuite

Both Certinia and NetSuite offer similar features and benefits. But, there exist a few key differences between the two solutions. Here’s a closer look: