NetSuite ERP vs On-Premise Software Comparison

What is the difference between legacy on-premise and NetSuite cloud-based ERP software systems?

Are you frustrated with disruptive software upgrades, version lock, and high IT costs? Businesses are innovating faster than ever, is your ERP system holding you back?

With all of the competitive information online, how do you know which software is best for your business? Between changing market conditions, evolving competitors, and modern customer expectations, businesses need an ERP system that can keep up. Has your organization considered upgrading your ERP system?

According to Forrester, “approximately half of ERP customers are on releases that are two versions behind the current release, which may be four or more years old or more.” It’s time to think beyond your disconnected, patched, bolted on, on-premise ERP system and look to the future!

How does ERP work? 

What is the meaning of ERP? Cloud Enterprise Resource Planning is a business management tool that integrates all functions and departments into one single system to streamline information, synchronize reporting and automation across the entire organization. Businesses in today’s market need a proven solution that can deploy quickly, provide a single source of data in real-time, and scale with your growing business.

According to IDC MarketScape, "the demand for cloud-based ERP applications continue to grow because of the ability to access and analyze massive amounts of data in near real time. With speed as a guiding factor to winning business globally, businesses want and need more from their ERP systems than ever before, and that includes using the most up-to-date and advanced systems found in SaaS and cloud-enabled ERP systems."

What kinds of businesses use ERP?  ERP is essential for businesses in every industry, vertical or size. ERP improves business processes and integrates all aspects of the business including inventory management, distribution, ecommerce, logistics, sales, financials, CRM, and more. ERP gathers real-time data and reporting across the entire business providing decision makers the information they need to make informed and accurate decisions. Learn more about ERP. 

Business challenges with “version-locked on-premise ERP”

The lack of visibility, incomplete data and cumbersome manual processes of an on-premise legacy system inhibits success.

Operating on a slowly upgraded ERP system is not enough to remain competitive in today’s technical world. An on-premise ERP can drain your budget with IT costs and provide little ability to invest in innovation. If you are running legacy ERP like Microsoft, Sage, Quickbooks, Odoo, SAP Business One and surviving on spreadsheets you’re more than likely struggling to assemble accurate data buried in the ERP due to disconnected systems. 

It has never been more important to have a modern technology designed for today with the ability to grow with you for the future. But how do you know what ERP is right for your business? Check out our recent blog highlighting the top ERP systems on the market and how they compare to NetSuite in our side-by-side comparison guide. 

Say goodbye to costly upgrades, maintenance fees, outdated software, and a disconnected past. Gain a complete advantage with the visibility and accessibility of NetSuite’s real-time cloud analytics. Unleash the power of the #1 Cloud ERP to drive growth, lower costs, and increase efficiency.

Top 4 reasons why organizations are moving to the cloud:

1. Improved business agility

2. Speed of implementation and deployment

3. Faster delivery of new features and functions

4. Support business innovation with new capabilities