Odoo Vs NetSuite
Odoo
Odoo is an all-in-one business tool with several modules for Human Resources, Manufacturing, Financial Management, Warehouse Management, and Project Management. One major thing that differentiates Odoo from other platforms is it is an open-source software. With this, users can create customized solutions for their respective businesses.
Odoo Enterprise has all the features that are in Odoo Community. The only difference is that Odoo Enterprise also has some additional customization features. One can make use of Odoo studio for creating a customized experience for your business.
This cloud-based Online Edition of Odoo ERP is specially designed for solving SME needs. Odoo has a dedicated app for carrying out every business function. With this, budding business owners can start from scratch by picking a few apps. They can add more applications as and when required.
ERPNext
NetSuite is an integrated software solution suitable for both medium and large-sized businesses. It is classified into four products as follows:
> NetSuite CRM for sales and marketing
> NetSuite PSA for project management
> NetSuite Commerce for both web and on-site sales
> NetSuite ERP for inventory, supply chain, and financials
You can buy the different parts of the systems separately. With this, you can get the much- needed flexibility for your business.
Netsuite is one of those software applications that has another version meant for multinational organizations – One World. This software version provides all the services along with additional features and functionalities.
Difference Between Odoo and NetSuite
Price
Odoo follows an affordable pricing model that is manageable for SMEs. The starting cost of Odoo is around $25.00 per month per user. Whereas the cost of NetSuite is a whopping $125.00 per month price point.
The licensing fee for NetSuite is five times more than the Odoo licensing cost. Odoo basically works on XML and Python. It is easy to find an Odoo developer when compared to finding a NetSuite developer. There are very few people who have knowledge regarding NetSuite’s coding language – SuiteScript.
Customization
Odoo is one of the software that can easily adapt to your organization’s process. With this ERP system, you are free of all conventional ERP limitations. Odoo is a software solution that fits perfectly with every business’s needs.
NetSuite is more of a traditional ERP software solution. It is a good choice for companies that are okay with adapting according to the functionality of the software.
Software Implementation
Odoo is both a scalable and easy to configure ERP solution. With this, people love to use Odoo for their business.
NetSuite is still lagging behind when it comes to the implementation process. They are working on improving it, but there is a long way to go ahead. You must know that it is a bit difficult to manage complex manufacturing and distribution systems with NetSuite.
Odoo Vs NetSuite
Both Odoo and NetSuite are cloud-based ERP solutions. But, Odoo provides on-premise hosting for users to be operating locally. The features of Odoo and NetSuite are a bit similar, but Odoo seems to have advantages over the others. Odoo has more customization abilities when compared to NetSuite.
Another Odoo advantage is its ability to manage the HR operations of an organization. NetSuite again lacks in this department. Odoo consists of various designated modules for different operations. NetSuite has a limited number of options. Last but not least, Odoo has a total of 7 million users which is higher compared to Netsuite’s 30,000+ users.
Sales |
NetSuite |
Odoo
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| B2B Sales | |||
| Quotes to Orders |
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| Electronic Signatures |
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| Online Payment |
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| Quotation Templates |
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| Upselling & Cross Selling |
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| Subscription Management |
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| In-Store Sales | |||
| Point of Sale (retail) |
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| Point of Sale (restaurant) |
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| Online Sales | |||
| eCommerce |
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| eBay Integration |
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CRM |
NetSuite |
Odoo
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| Sales Flow | |||
| Leads Nurturing |
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| Lead Scoring |
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| Leads Management |
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| Opportunities Management |
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| Pipeline Management |
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| Third Party Management |
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| Communication Tools | |||
| Customer Multi-Address |
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| Calls / Meetings / Mail |
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| VOIP |
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| Email Integration |
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| Live Chat |
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| Full Customer History |
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| Email Templates |
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| Opportunities Analysis |
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Accounting & Finance |
NetSuite |
Odoo
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| Internal Process | |||
| Analytic Accounting |
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| Alerts |
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| Budgets |
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| Expenses |
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| Assets Management |
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| Real-Time Inventory Valuation |
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| Analytic Reports |
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| Daily Operations | |||
| Bank Interface / Automatic Sync |
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| Quick Reconciliation |
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| Deferred Revenues |
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| Checks Management |
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| Invoice Management | |||
| Invoicing Management |
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| Batch Send |
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| Third Party Follow-Up |
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| Payment Automation (SEPA) |
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| International | |||
| International |
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| Multi-Company |
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| Multi-Currency |
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Marketing |
NetSuite |
Odoo
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| Actions | |||
| Mass Mailing |
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| Blog / SEO / Web Pages |
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| Events |
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| Marketing Automation |
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| Drag & Drop Page Editor |
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| Marketing Campaign |
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| Contacts Segmentation |
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| Follow-up | |||
| Survey |
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| Keyword Marketing |
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| Visitors Tracking |
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| Checks Management |
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| Social Media Management |
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Manufacturing |
NetSuite |
Odoo
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| Manage | |||
| MRP |
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| Routings |
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| Order of Assembly |
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| Costing |
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| PLM |
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| Work Sheets |
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| Traceability |
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| Quality Management |
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| Maintenance |
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| Tablets on Work Center |
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| Feedback Loop |
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| Overall Equipment Effectiveness (OEE) |
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| IOT Out-of-the-box |
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| Repairs Management |
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| Schedule & Plan | |||
| Scheduling |
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| Product Variants |
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| Multi-Level BOM’s |
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Purchase |
NetSuite |
Odoo
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| Purchase | |||
| Request for Quotation (RFQ) |
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| Purchase Tender |
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| Pricing & Discounts |
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| Fulfillment | |||
| Make-to-Order (MTO) |
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| Minimum Stock Rule |
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| MPS |
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| Manage | |||
| Invoice Control |
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| Reception Control |
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Services & Projects |
NetSuite |
Odoo
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| Basic Project Management |
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| Lean Approach/Kanban View |
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| Planning |
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| Customer Oriented | |||
| Helpdesk/Support |
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| Timesheets |
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| Email Integration |
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Human Resources |
NetSuite |
Odoo
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| Recruitments |
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| Appraisals |
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| Leaves/Holidays |
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| Fleet Management |
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| Payroll |
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| Fleet Management |
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| Expenses |
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| Salary Configurator |
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