Free ERP Comparison: Netsuite, Microsoft Dynamics (NAV) and Odoo ERP
Introduction: ERP systems available today
ERP Feature comparison with a focus on cloud solutions
In the last 15 years, new technologies have pushed enterprises both large and small to rethink their process management with respect to the new dynamics created by the changing business landscape. Implementing an ERP is a step many businesses are taking to help organize and optimize the way they do business. There are many business software offerings currently available on the market. This document aims to give you a good idea of the features offered by the main ERP solutions for SME’s, with an emphasis on cloud-based solutions.
A cloud-hosted ERP solution offers a number of advantages over a traditional ERP that is installed locally, many of which are especially relevant to small businesses. A cloud-based ERP is often more flexible and able to adapt to a growing and changing business. Most of the time, startup and maintenance costs are much lower as well because they are included in the license fee.
In order to offer a fair comparison, we have compiled a table of the most important ERP features into ten categories: Sales, Customer Relationship Management, Accounting & Finance, Marketing, Warehouse Management, Manufacturing, Purchasing, Services & Projects, Human Resources and Usability & Productivity. These categories encompass almost everything an SME might need to manage, develop, and evolve its business operations.
Finally there are some observations on market trends and customer satisfaction as well as we provide input on a more global solution for SME’s.
Odoo is an open source software with more than 7,300 apps thanks to the multiple developments made by Odoo S.A. and its community. The cloud-based Odoo Hosting offers a customizable solution specifically designed to solve SME needs. In this highly modular solution, each business function is carried out by a dedicated app. This allows growing businesses to start with a few apps and to adopt more as their needs change and evolve.
NetSuite is an integrated solution for mid- to enterprise-sized businesses. NetSuite separates its business management software into four products: NetSuite ERP for inventory, supply chain, and financials; NetSuite CRM for sales and marketing; NetSuite Commerce for both web and on-site sales; and NetSuite PSA for project management. The different parts of the system can be purchased separately, which gives some flexibility to the customer.
Microsoft Dynamics NAV 2016 is split into two versions: the Starter Pack, which offers basic functions in finance, professional services, and distribution; and the Extended Pack, which adds manufacturing and warehouse management features. The purchase of the Started Pack is required in order to get the Extended Pack. We’ve chosen to use the Extended Pack in Microsoft Dynamics NAV 2016 for the purposes of this comparison.
ERP Marked Trends on Google
The following graph was created with the Explore tool on Google Trends. The color curves show the number of Google searches for the associated keywords1. This metric shows the relative consumer interest in each software platform.
Summary & Conclusion
Built up the system as you grow and consider your long-term strategy for growth
The intent of this comparison is to be as fair as possible. If you think that some important comparative information is missing, please email us at firstname.lastname@example.org.
Often SME’s will find they have a software need, but are unable to implement an adequate system, given the high level of overhead and complexity of the task. For growing companies, it is optimal to start small in a software solution and add new features little by little as the business expands and evolves. In most practical cases, a flexible and modular approach works best for SME’s as it provides the business with the necessary freedom to adapt to change quickly.