Are you in the process of evaluating software for your business? Choosing the right technology is a pivotal investment toward your company's growth and future.
Discover why thousands of businesses are moving to a true cloud ERP technology and explore the comparison between Oracle NetSuite and Microsoft Dynamics in 2024.
Compare Microsoft Dynamics vs. NetSuite
The Software
- NetSuite: NetSuite was built for a multitenant cloud environment since day one and offers automatic updates to ensure users have the latest features, functionality, and security.
- Microsoft Dynamics: Microsoft originates from on-premises software and is less optimized for frequent, automatic upgrades. Customers often delay upgrades due to potential integration issues, leading to inconsistent versions across users and missed features and security updates.
Data Insights
- NetSuite: Offers extensive dashboards, prebuilt reports, and easy-to-use reporting tools. SuiteAnalytics allows for in-depth data analysis, with unique features like Saved Searches for quick access to relevant records.
- Microsoft Dynamics: While it has prebuilt reports, many users rely on Power BI for data visualization and reporting, which requires technical expertise to build custom reports.
Finance Capabilities
- Microsoft Dynamics: Known for strong accounting and financial management capabilities. Reporting often requires external tools like Power BI. Supports subscription billing and advanced revenue recognition through a third-party licensing agreement.
- NetSuite: Provides robust core financials with native support for subscription billing and advanced revenue recognition, without needing additional third-party tools.
Customizations and Integrations
- NetSuite: Built on a single codebase, NetSuite simplifies customizations and integrations, streamlines automatic updates, and ensures smooth transitions without extensive retesting. NetSuite's SuiteCloud platform, based on Java, is designed for complex requirements and allows customers to work with a large network of NetSuite developers.
- Microsoft Dynamics: Different modules are on separate codebases, requiring Microsoft's Dataverse middleware for integration, complicating user experience and effort. Customizations often require specialized coding knowledge, including .NET, SQL, and C#.
Why Upgrading Microsoft Dynamics is Complicated
Even though Microsoft markets it’s software migration between versions a simple process, it’s actually more difficult that users expect. According to Microsoft, it is a 12-step complex process requiring significant IT resources. As a matter of fact, it is more difficult to migrate to Dynamics 365 (taking 24 weeks) than it is to implement NetSuite.
Dynamics upgrades are complicated in the overall architecture. Dynamics NAV, GP, SL, and AX, were developed separately by different (Great Plains, IBM/Damgaard Data and Navision and Solomon Software) later acquired by Microsoft. With the acquisition, Dynamics added these products to their portfolio but they remained separate solutions.
Key differentiators of Microsoft Dynamics and NetSuite
With forced upgrades Microsoft is attempting to simplify from four independent platforms down to two with Dynamics 365 for Finance / Operations and 365 Business Central. Moving from a legacy Dynamics solution to either of the 365 options is problematic because every application and customization needs to be reviewed through rewriting code, data conversion, rebuilding reporting, etc. These platforms are incompatible, and the software’s complexity is not being addressed to customers. Download a point-by-point comparison and features list of NetSuite vs Microsoft Dynamics NAV.
Dynamics vs Oracle NetSuite: Which software is better for you?
How do you know what ERP software is best for your business? When comparing Microsoft Dynamics and Oracle NetSuite, it's essential to consider your business's specific needs and priorities. Both platforms have their strengths and weaknesses, so evaluating them based on your organization's requirements is crucial.
ORACLE NETSUITE HIGHLIGHTS:
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Comprehensive Suite: NetSuite offers a comprehensive suite of ERP, CRM, and e-commerce functionalities in one platform.
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Cloud-Based: NetSuite is fully cloud-based, which simplifies deployment, maintenance, and accessibility.
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Customization: NetSuite is highly customizable and allows for scripting to create tailored solutions.
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Supports Your Global Business: NetSuite supports multi-currency, multi-language, and multi-location operations.
- Extensive Capabilities: NetSuite offers endless customizations and capabilities. This can lead to an initial learning curve if your internal team is new to NetSuite. That is where NetSuite experts, like Protelo, are here to help with customization, training, implementation, and support. Learn more about our NetSuite support offerings.
MICROSOFT DYNAMICS HIGHLIGHTS:
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Comprehensive Suite: NetSuite offers a comprehensive suite of ERP, CRM, and e-commerce functionalities in one platform.
- Microsoft Ecosystem: Dynamics is closely integrated with other Microsoft products like Microsoft 365, Power BI, and Azure.
- Flexibility: Dynamics offers customization and development options through Power Platform, allowing you to create custom apps and workflows.
- Cloud vs On-Premises Options: Microsoft Dynamics offers both cloud-based (online) and on-premises versions to cater to different deployment preferences of businesses. Learn the important signs to know if your business is ready to upgrade to Cloud ERP.
NetSuite Benefits
NetSuite is a modern, cloud-based ERP software that helps businesses run more efficiently with industry-specific functionalities to support unique business requirements. Run your entire business in real-time with one SaaS-based ERP system across financials, back office operations, eCommerce, CRM and marketing.
Why NetSuite? With more than 41,000 customers running on NetSuite, NetSuite is 10 times larger than the next largest competitor in the cloud ERP market and ranked leader in Worldwide Saas and cloud-enabled midmarket ERP applications by IDC Marketscape.
Modern & Effective
- NetSuite is scalable, cost-effective and customizable to meet your unique needs.
- A modern cloud based ERP application that grows with your business.
- It is always current, accessible anywhere and reflects the latest trends.
Implementation Ease
NetSuite offers leading practices to get your system up and running efficiently.
Real-Time Information
A single source of data accessible anywhere, anytime.
Comprehensive
Run your business on a single solution across all departments with your unique business requirements.
Top NetSuite Reseller & Implementation Partner
Protelo is a top NetSuite partner and reseller, and we’re passionate about making sure our clients get the most out of NetSuite possible. From purchasing a NetSuite license, to fully customizing the platform for you, we can help your company pick and choose which features you need most.
Our award-winning NetSuite consulting team would be honored to help guide you through NetSuite’s software every step of the way. Please feel free to contact us if you’d like to know more information about us as a NetSuite implementation partner.
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