You need a new ERP system but don’t know which one to choose. Microsoft Dynamics and NetSuite are two of the most popular ERP systems. However, they both have pros and cons, so how do you decide which one is right for you?
This blog post explains Microsoft Dynamics vs NetSuite so you can decide which ERP system is right for your business.
Microsoft Dynamics vs NetSuite
Microsoft Dynamics is a business management software solution that helps organizations automate their business processes and improve decision-making. Dynamics is a comprehensive ERP system covering financial, supply chain, and operations management. It’s available in both on-premises and cloud-based versions.
NetSuite is a cloud-based ERP system that offers financials, inventory management, and e-commerce capabilities. It’s a popular choice for businesses because it is easy to use and has a low total cost of ownership. NetSuite is also scalable so that it can grow with your business.
Now that you know a little about each ERP system let’s compare them.
Microsoft Dynamics and NetSuite both offer subscription-based pricing models. However, Dynamics is typically more expensive than NetSuite. Therefore, NetSuite may be the better option if the price is a significant consideration.
Microsoft Dynamics and NetSuite both offer a free trial.
Microsoft Dynamics Subscription Details:
- Dynamics 365 Business Central Essentials: $70 per user/month with a minimum of 5 users
- Dynamics 365 Business Central Premium: $100 per user/month with a minimum of 5 users
NetSuite Subscription Details:
- NetSuite Starter Edition: $99 per user/month (billed annually) with a minimum of 5 users
- NetSuite Professional Edition: $149 per user/month (billed annually) with a minimum of 10 users
- NetSuite Enterprise Edition: $399 per user/month (billed annually) with a minimum of 20 users
According to most customers, NetSuite has got better customer support, whereas Microsoft Dynamics has not been so good at providing customer support.
Deployment and scalability
Both Microsoft Dynamics and NetSuite offer on-premises and cloud-based deployment options.
However, NetSuite is a pure cloud solution, so it’s more scalable than Dynamics. So if you’re looking for an ERP system that can grow your business, NetSuite is the better choice.
|Microsoft Dynamics deployment options:||NetSuite deployment options:|
|On-premises: Installed on your company’s servers||Cloud-based: Hosted by NetSuite in the cloud|
|Cloud-based: Hosted by Microsoft in the cloud|
Microsoft Dynamics vs NetSuite: Focus on Which features
Both Microsoft Dynamics and NetSuite offer a comprehensive set of features and functionality. However, there are some critical differences between the two systems.
For example, Dynamics offers more advanced supply chain management and CRM. NetSuite has a more robust financial and account management system than Dynamics.
If you’re looking for specific features, you must compare the two systems side-by-side to see which one offers the functionality you need.
Microsoft Dynamics functionalities
1. Supply chain management
Supply chain management includes Inventory management, Warehouse management, and Transportation management.
Customer relationship management (CRM) focuses on Salesforce automation, Marketing automation, Customer service and support, and Social listening.
3. Project management
Project management deals with Project management, Service management, Field service, and Resource management.
Manufacturing functionality is associated with Production management, Quality management, Manufacturing execution, and Product lifecycle management.
5. Business intelligence and analytics
Business intelligence and analytics include Power BI, Excel, SQL Server Reporting Services, and custom reports.
The sales module helps in Opportunity management, Sales forecasting, Quote and order management, and Incentive compensation management.
NetSuite’s Main Functionalities
E-commerce includes Site builder, Shopping cart, Order management, and Payment processing.
2. Financial management
Financial management enables Electronic payments, Built-in accounting, fixed assets, Auditing, organizing business processes, and customizable financial reports.
3. Supply chain management
Supply chain management is accountable for inventory, warehouse, and Transportation management.
Customer relationship management (CRM) enables Salesforce automation, Marketing automation, Customer service management, and Social listening.
5. Project management
Project management helps with Project management, Service management, Field service, and Resource management.
Manufacturing functionality is not available in NetSuite
Both Microsoft Dynamics and NetSuite are highly customizable. However, Dynamics offers more customization options than NetSuite.
With Dynamics, you can customize the interface, workflows, and reports to fit your business needs.
NetSuite also offers some customization options, but they’re not as extensive as Dynamics. Dynamics is the better choice if you need a highly customized ERP system.
Both Microsoft Dynamics and NetSuite are complex ERP systems. Therefore, they both require a significant investment of time and resources.
However, Dynamics is typically more difficult to implement than NetSuite. Additionally, Dynamics requires more ongoing maintenance than NetSuite.
NetSuite may be the better option if you’re looking for a system that’s easy to implement.
Which ERP system is right for you?
The answer to this question depends on your specific needs. For example, NetSuite may be the better choice if you’re looking for an ERP system that’s highly customizable and easy to implement.
However, if you need an ERP system with more advanced features and functionality, Dynamics may be the better option. Ultimately, the decision comes down to your specific needs and requirements.