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Odoo Vs NetSuite

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One of the most challenging things for an organization is to pick the right ERP solution. While searching for an ERP system for your organization, you might get various options. There are times when it becomes difficult to determine which of these ERP systems will work for your organization. To help you in this situation, here we bring you a comparison of 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.

Odoo Vs ERP Next

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
Enterprise
B2B Sales
Quotes to Orders check check
Electronic Signatures times check
Online Payment check check
Quotation Templates times check
Upselling & Cross Selling check check
Subscription Management check check
In-Store Sales
Point of Sale (retail) check check
Point of Sale (restaurant) times check
Online Sales
eCommerce check check
eBay Integration times check

CRM
NetSuite
Odoo
Enterprise
Sales Flow
Leads Nurturing check check
Lead Scoring check check
Leads Management check check
Opportunities Management check check
Pipeline Management check check
Third Party Management check check
Communication Tools
Customer Multi-Address check check
Calls / Meetings / Mail check check
VOIP times check
Email Integration check check
Live Chat times check
Full Customer History check check
Email Templates check check
Opportunities Analysis check check

Accounting & Finance
NetSuite
Odoo
Enterprise
Internal Process
Analytic Accounting check check
Alerts times check
Budgets check check
Expenses check check
Assets Management check check
Real-Time Inventory Valuation check check
Analytic Reports check check
Daily Operations
Bank Interface / Automatic Sync times check
Quick Reconciliation times check
Deferred Revenues times check
Checks Management check check
Invoice Management
Invoicing Management check check
Batch Send times check
Third Party Follow-Up times check
Payment Automation (SEPA) check check
International
International times check
Multi-Company check check
Multi-Currency check check

Marketing
NetSuite
Odoo
Enterprise
Actions
Mass Mailing check check
Blog / SEO / Web Pages check check
Events times check
Marketing Automation check check
Drag & Drop Page Editor times check
Marketing Campaign check check
Contacts Segmentation check check
Follow-up
Survey times check
Keyword Marketing check check
Visitors Tracking check check
Checks Management check check
Social Media Management times times

Manufacturing
NetSuite
Odoo
Enterprise
Manage
MRP check check
Routings check check
Order of Assembly check check
Costing check check
PLM check check
Work Sheets times check
Traceability check check
Quality Management check check
Maintenance times check
Tablets on Work Center times check
Feedback Loop times check
Overall Equipment Effectiveness (OEE) times check
IOT Out-of-the-box times check
Repairs Management times check
Schedule & Plan
Scheduling check check
Product Variants check check
Multi-Level BOM’s check check

Purchase
NetSuite
Odoo
Enterprise
Purchase
Request for Quotation (RFQ) check check
Purchase Tender times check
Pricing & Discounts check check
Fulfillment
Make-to-Order (MTO) check check
Minimum Stock Rule check check
MPS times check
Manage
Invoice Control check check
Reception Control check check

Services & Projects
NetSuite
Odoo
Enterprise
Basic Project Management check check
Lean Approach/Kanban View times check
Planning times check
Customer Oriented
Helpdesk/Support check check
Timesheets check check
Email Integration check check

Human Resources
NetSuite
Odoo
Enterprise
Recruitments check check
Appraisals times times
Leaves/Holidays check check
Fleet Management times check
Payroll check times
Fleet Management times check
Expenses check check
Salary Configurator times check