Selecting a package for the business can be a very confusing task with all the ERP options available in the market. People buy those systems that are based on factors like price, technology, etc.
The demand for cloud-based (enterprise resource planning) ERP systems has reached a great height.
After the launch of Microsoft Dynamics, there came some new offerings that became popular, like NetSuite. Microsoft Dynamics and NetSuite tend to appeal to many businesses who are looking for a good SaaS (Software as a Service) and cloud solutions.
Microsoft Dynamics vs NetSuite
The main difference between Microsoft Dynamics and NetSuite is that Microsoft Dynamics 365 is based on NAV code which is a single-tenant software, shows less maturity of the cloud offering, and offers a large and fragmented network, whereas NetSuite is a multi-tenant software, shows more maturity of the cloud offering, and is less crowded but inconsistent having its own issues.
Microsoft Dynamics is the first single-tenant ERP-cloud system that provides an end-to-end view of the individual small business with 100+ employees. It is an all-in-one business management solution that helps in finances, sales, services, customer interactions. It is a trusted ERP-cloud provider. It can be accessed from anywhere.
NetSuite is a multi-tenant SaaS system. It is a complete Cloud ERP solution. With this, the companies can see their growth in business. NetSuite is proven to work for small businesses with over 40000+ customers and is proven to meet all the requirements of the customers on a single platform. With this, the companies can see their growth in business. It helps the company to manage tax, workflow, and fixed assets.
Comparison Table Between Microsoft Dynamics and NetSuite
| Parameters of Comparison | Microsoft Dynamics | NetSuite |
| Overview | It is an all-in-one business management solution that helps in finances, sales, services, customer interactions. | It is a complete Cloud ERP solution, with this the companies can see their growth in business. |
| Target industries | Services Wholesale Distribution Manufacturing Non- profit organizations. | SaaS Manufacturing Wholesale, Logistics Non-profit Service Software. |
| Professional Service Automation | Project management. | Timesheet management, project management. |
| Human capital capabilities | No such features are available. | Human resources management payroll. |
| Financial management features | Assets forecasting, assets budgeting, ledger multi-currency fixation. | ledger multi-currency fixation, PBCS. |
What is Microsoft Dynamics?
Microsoft Dynamics is the first (enterprise resource planning) ERP-cloud, also referred to as Dyn365BC, launched by Microsoft that helps individual companies. It has diverse systems inbuilt that help a business. It is based on NAV code with a multi-tenant architecture.
It is an all-in-one business management solution that helps in finances, sales, services, customer interactions. Microsoft Dynamics is designed for small businesses with 100+ employees. It offers a large and fragmented network.
It helps in securing the business with improved productivity. It helps in centralizing the data from accounting, sales, purchasing and customer interactions. With this ERP- cloud system, there is no need for manual updates to access the latest features.
It is a trusted ERP-cloud provider.
With this system set up in an individual firm, mobility is enabled. All one needs is the internet and a web browser. It can be accessed from anywhere.
What is NetSuite?
NetSuite is also an (enterprise resource planning) ERP-based system that is one of the leaders of the cloud ERP software. This is a SaaS (Software-as-a-Service) model. This is the fastest-growing ERP software in the market.
It is a complete Cloud ERP solution. With this, the companies can see their growth in business. NetSuite’s ecosystem is less crowded but inconsistent, having its own issues. It can work with around 40000 customers of the firm.
This software is available on many devices and can even reduce IT costs. It is a functional solution for businesses which makes it appealing. NetSuite is flexible; thus, it makes a business run efficiently and cost-effectively. Microsoft Dynamics does not have Human capital capabilities feature. It helps in centralizing the data of eCommerce, CRM, etc.
It is an online service that enables companies to maintain and manage their business. It helps the company to manage tax, workflow, and fixed assets.
Main Differences Between Microsoft Dynamics and NetSuite
- Microsoft Dynamics is a single dynamics 365 cloud platform service that makes a lot of functionality to sort and rebuild for the cloud, whereas NetSuite is a SaaS cloud solution, so the functionality is already built in this system.
- Microsoft Dynamics shows less maturity of the cloud offering than the NetSuite.
- Microsoft Dynamics and NetSuite differ in the respective networks.
- Microsoft Dynamics 365 offers a large and fragmented network, whereas NetSuite’s ecosystem is less crowded but inconsistent, having its own issues.
- Microsoft Dynamics does not have Human capital capabilities feature, whereas NetSuite has a Human capital capabilities feature.
- Microsoft Dynamics is designed for small businesses, whereas NetSuite is proven to work for small businesses and is proven to meet all the requirements of the customers on a single platform.
- Target industries of Microsoft Dynamics are Services Wholesale Distribution Manufacturing Non- profit organisations whereas Target industries of NetSuite SaaS Manufacturing Wholesale, Logistics Non-profit Service Software.
- Professional Service Automation of Microsoft Dynamics includes Project management, whereas Professional Service Automation of NetSuite includes Timesheet management, project management.
Conclusion
The features of the Microsoft Dynamics 365 or the NetSuite ERP system can be tricky to identify for one’s firm. Microsoft Dynamics is designed for small businesses with around 100 employees and limited complexity, whereas NetSuite is only proven to work for small businesses and is proven to meet all the requirements of the customers on a single platform.
Microsoft Dynamics and NetSuite tend to appeal to many businesses who are looking for a good SaaS (Software as a Service) and cloud solutions.
While buying an ERP system, one needs to identify solutions and capabilities that are required by one and which system will work for a firm.
References
- https://www.unirepository.svkri.uniri.hr/islandora/object/infri:668
- https://ieeexplore.ieee.org/abstract/document/8695976/