Top 10 Alternatives to NetSuite ERP: Popular ERP Software Tools

NetSuite ERP is no doubt one of the leading enterprise resource planning platforms on the market. With its comprehensive tools and user-friendly interface, it will surely be able to help you streamline operations and make sure that all of your tasks are being done as planned. However, it is not without shortcomings. So, it only makes sense that you take a look at other platforms on the market.

In this article, we will be listing down the top 10 alternatives to NetSuite ERP to help you find the most suitable option for your operations. We will be discussing their core functionalities as well as how they compare with our leading platform in terms of ease of use, scalability, integrations, and price.

Industry experts predict the worldwide ERP software market will reach $41.69 billion by 2020, registering a 7.2% CAGR from 2014-2020. Enterprise Resource Planning (ERP) is a kind of software that allows organizations to more effectively manage their business processes.

But which ERP software solution is the best for your company’s needs and requirements? To help you select the right ERP software solution, we offer an in-depth analysis of the top benefits and features of NetSuite ERP, a leading software solution, and the top ten NetSuite ERP alternatives to it.

What is NetSuite ERP?

NetSuite ERP is a scalable ERP solution customized for the needs of high-growth businesses. Offering a cloud-based interface, it provides users with comprehensive tools that can automate inventory management, billing, order management, fixed asset monitoring, revenue management, financial management, and other front- and back-office processes.

With this platform as part of your arsenal of business systems, you can get a 360-degree view of your operations, expedite a number of repetitive tasks through automation, maximize the use of your resources, and track your finances accurately.

Moreover, NetSuite ERP gives everyone in the organization — from clerical staff to top management — a customizable view of KPIs (key performance indicators) and reports tailored for their specific roles. This way, you can make data-driven business decisions and improve your overall performance.

If you think NetSuite ERP is too basic for your needs, we have other options for you. We have reviewed the main benefits and functionalities of the top NetSuite ERP alternatives, giving you solid and compelling reasons to choose NetSuite ERP or any of the alternative products.

Top 10 Alternatives to Net Suite ERP

1. Rossum

This cloud-based solution is created and designed by engineers to give businesses intelligent document management tools. Powered by AI, Rossum offers an all-in-one platform to help businesses collect, process, and organize different types of relevant documents from invoices, claims, and purchase order transactions among others.

An intelligent solution, Rossum starts by gathering documents from various sources, such as document scanners, document management systems, and email inboxes. Once the documents are collected, Rossum uses its advanced data capture technology to detect unclear or missing information in the documents. If there are inconsistencies detected, the system will automatically send correction or clarification requests to your business partners. And in case your partners make changes to their requirements and specs, Rossum recognizes these and applies the new information to the document collection and processing.

Should you want to explore more options, you can check these Rossum alternatives.

Why use Rossum instead of NetSuite ERP?

1. It streamlines payables for both invoice-based and performance-based workflows.
2. Tipalti unifies accounts payable and payment management in a single cloud-based platform.
3. Tax and VAT compliant and helps suppliers and vendors digitize their tax form documents for faster and more efficient validation.

Why use NetSuite ERP instead of Rossum?

1. NetSuite ERP has a more extensive set of features.
2. The platform offers highly intuitive solutions that let it adapt to your workflow with ease.
3. This software solution is built to cater to the needs of all business sizes.

2. Acumatica

Acumatica is a cloud-based enterprise resource planning (ERP) solution that provides organizations with the essential foundation needed to build a digitally resilient infrastructure. This is made possible by creating a flexible and efficient ERP platform that is capable of continuing its operations amidst shifts in its operating environment. Built for small and medium-sized companies, Acumatica is the business management solution for organizations that offer telework and mobile setups.

Acumatica includes modern solutions for different business applications. The intuitive interface of this platform connects all business processes and streamlines workflow through employing automation. Powered by machine learning, Acumatica transforms every organization into an efficient and flexible system that can easily adapt to the changing dynamics of the digital economy.

Acumatica comes with a powerful set of applications for project accounting, multi-entity intercompany accounting, financial management, payroll, CRM, and more. It can be hosted either on-premise or through a private cloud. Acumatica easily connects with other applications such as HubSpot, Netcash, Salesforce, and Shopify.

If you want to check out other similar products, you can check these Acumatica alternatives.

Acumatica

Try out Acumatica with their free trial

Why choose Acumatica instead of NetSuite ERP?

1. Acumatica offers streamlined financials for the entire organization.
2. Provides a 360-degree view of the customer.
3. Acumatica promotes greater visibility through robust accounting tools.

Why choose NetSuite ERP instead of Acumatica?

1. NetSuite ERP offers tailored solutions for various industries.
2. Offers a comprehensive set of applications that covers all business processes.
3. NetSuite ERP offers multi-subsidiary consolidation.

3. Scoro

Scoro is an ideal alternative to NetSuite ERP given its extensive list of functionalities and ability to streamline the operations of entire organizations. It’s got a slew of integrated solutions for possibly every aspect of a business. The software helps organize tasks and projects, imparts order in billing and invoicing, monitors sales and team performance, and integrates with Google and other popular applications. And that’s just a partial list of what this business management system can do.

Delving further, the cloud-based platform can be used to allocate billable and non-billable work, as it monitors the time spent by the team on each of their tasks. This helps you prepare your payroll, especially if your staff is paid by the hour.  You can also prepare your budget through the system to track the company’s cash flow and migrate the data to prepare invoices and quotations.

Should you want to stay abreast of the goings-on in your business, Scoro’s dashboard displays charts and tables that provide insights on sales and productivity. In viewing them, you can reinforce your sales, marketing, and operational strategies or come up with new ones based on the data.

Another remarkable feature is its scheduling function. High-profile companies often receive projects, many of which won’t be accommodated due to certain constraints. With Scoro, you can book all the projects the company can take on and schedule them in such a way that their workloads won’t coincide. Quotes can also be produced in a jiffy and then sent out to prospective clients.

Why use Scoro instead of NetSuite ERP?

1. It streamlines every aspect of operations, from project management to customer management.
2. Its pricing scheme gives potential users an idea of how much they should spend.
3. Toggling between functions is easy with its simple and straightforward interface.

Why use NetSuite ERP instead of Scoro?

1. The platform’s inventory control and warehouse management functionalities make it an ideal choice for large retailers.
2. Its financial planning module provides extensive solutions backed by data-driven insights.
3. Its accounting integration seamlessly migrates the user’s financials into the books.

4. Method:CRM

Method:CRM is a customizable software solution that integrates fully with QuickBooks. It comes equipped with tools that simplify contact management, improve activity tracking, as well as perform more accurate estimates. It can automatically capture leads, record interactions, schedule follow-ups, and get a granular view of deal statuses. By having all this information at your disposal, you can deliver end-to-end experiences to your customers.

The abovementioned features aside, the platform also has a real-time syncing for invoices, time tracking, and customer data so you don’t have to move from platform to platform. It also allows you to share calendars, documents, and opportunities as well as create custom dashboards that allow you to keep your entire team in the loop about customer activity. Moreover, Method:CRM can integrate with a whole host of third-party systems so you can streamline your workflow more effectively.

If you need more options, you can check out viable Method:CRM alternatives here.

Why use Method:CRM instead of NetSuite ERP?

1. It offers real-time syncing for customer data, invoicing, and time tracking
2. It allows you to make data-driven decisions and execute effective growth strategies.
3. It seamlessly connects with payment gateways, making payments easier.

Why use NetSuite ERP instead of Method:CRM?

1. It gives you real-time visibility across the business, with 24/7 access from any browser.
2. It reduces spreadsheet-based and manual processes by 70%.
3. It uses one back office system which includes sales, inventory, fulfillment, and financials.

5. Brahmin Solutions

Brahmin Solutions is an enterprise-grade ERP software. This software solution is designed to provide businesses of any size with a feature-rich, centralized platform for inventory and warehouse management, as well as sales and order fulfillment and manufacturing needs.

As an inventory management solution, one of Brahmin Solutions’ standout feature is its capability to manage multichannel inventory and multi-location warehouse, as well as automate purchase order processes, including returns. Brahmin Solutions also supports multicurrency sales transactions and shipping. It also provides reporting tools that you can customize to generate specific data, such as sales and sales representative performance, among others.

Incorporating Brahmin Solutions to your business is also easy as it integrates seamlessly with third-party solutions, ecommerce platforms, including marketplaces, online payment gateways, accounting systems, EDI, and 3PL. Pricing starts at $199/month for a maximum of five users and 1,000 orders per month.

Why use Brahmin Solutions instead of NetSuite ERP?

1. This ERP is ideal for small startups as it can be customized according to the type and size of your business.
2. Brahmin Solutions has clear and direct pricing scheme and offers unlimited add-ons.
3. You can request for a third-party application to be included in the integration list.

Why use NetSuite ERP instead of Brahmin Solutions?

1. More fitted with high-growth businesses.
2. It has more employee-focused features like human capital management and incentive compensation management.
3. NetSuite ERP has a more advanced financial planning capabilities.

6. Tipalti

Tipalti is a globally recognized billing and invoicing platform designed to simplify the operation of global payment processing. Trusted by thousands of companies including Twitch, Roku, GoDaddy, GitLab, and more, Tipalti has definitely earned its place among the top accounting and payment management applications for businesses that handle global transactions.

A powerful cloud-based software solution, Tipalti streamlines the entire processing of payment for contractors and suppliers across the globe. When it comes to invoice-based workflows, Tipalti’s robust automation tools reduce 80% of manual effort. Furthermore, the system also encourages your vendors or suppliers to set up their own profile on the platform’s Supplier Hub where they can also upload their invoices. This does not only eliminates manual data entry from your end, it also ensures that your suppliers’ details are correct.

Tipalti also optimizes payables management without risking accuracy. Its advanced OCR tool is able to capture all necessary information, as well as recognize inconsistencies in the invoices uploaded or sent by suppliers. Furthermore, Tipalti’s machine learning technology is responsible for prefilling the majority of accounting information and data routing for approval. In terms of security, Tipalti takes pride in its enterprise-grade controls and its proprietary risk module called Tipalti Detect™, which ensures the protection of sensitive information by detecting suspicious transactions before payments are made.

Tipalti may be a fantastic option, but it also has some interesting competition, namely these popular Tipalti alternatives.

Tipalti

Try out Tipalti with their free trial

Why use Tipalti instead of NetSuite ERP?

1. It streamlines payables for both invoice-based and performance-based workflows.
2. Tipalti unifies accounts payable and payment management in a single cloud-based platform.
3. Tax and VAT compliant and helps suppliers and vendors digitize their tax form documents for faster and more efficient validation.

Why use NetSuite ERP instead of Tipalti?

1. The module works very well with top shipping carriers like UPS and FedEx to help you manage your shipping needs (e.g., order processing costs and updated shipping rates).
2. It helps you prepare timely financial reports to comply with accounting standards.
3. Using revenue recognition management, you can calculate and create highly accurate financial statements for both service and product sales transactions.

7. Kechie ERP

With Kechie ERP’s comprehensive set of ERP modules, small to large businesses can find it a great alternative to Netsuite ERP. It covers essential functionalities such as inventory management, supply chain management, logistics, procurement, and financial management. At its core is a CRM module, which provides plenty of features to help you better manage your relationships with your prospects and current customers.

The software also has a multi-warehouse management module that lets you manage multiple warehouse locations. By connecting all your warehouse data within a single platform, you can easily coordinate and ship products without having to juggle between multiple databases. The software also supports bin tracking, consignment stock tracking, and cycle counting

In addition, Kechie ERP offers a cash management function that lets you monitor cash balances, manage the collection and usage of cash, as well as keep an accurate record of your cash flow. It also simplifies bank account reconciliations while minimizing errors and ensuring that your funds are in their right locations.

You can also check out Kechie ERP alternatives here.

Why use Kechie ERP instead of NetSuite ERP?

• It is a comprehensive ERP suite that covers CRM, financial management, procurement, warehouse management, and more.
• It comes with configurable tools so you can use the platform in a way that matches your work processes.
• It is easy to navigate, enabling your organization to quickly adapt to the software.

Why use Netsuite ERP instead of Kechie ERP?

• It is a highly scalable ERP solution ideal for fast-growing businesses.
• Its powerful automation features allow you to streamline a number of repetitive tasks.
• It is based on secure cloud infrastructure, ensuring that your data is easily accessible and well protected.

8. Odoo

Odoo is one of the top NetSuite ERP alternatives for several reasons. First, it’s not just an ordinary management platform. Instead, it combines project management and sales in one single app. It is enriched with a variety of e-commerce, POS, and MRP functions to deliver a comprehensive solution that can help any business manage any type of operation.

Second, is its unusual approach when it comes to developing business solutions. With Odoo, you’ll have an environment where different apps can seamlessly work together. This provides you with an unprecedented level of scalability because you can easily start using new applications whenever the need arises. No more complicated setups, no need to adjust your current systems, and no more overly long onboarding process.

This system can integrate every sales channel you can imagine, which — when paired with its superior inventory management — makes for one of the leading business management solutions available on the market today. To get more good choices, browse these viable Odoo alternatives here.

Why use Odoo instead of NetSuite ERP?

1. It covers many business operations — from omnichannel sales to project management.
2. It can replace the many, varied applications you’re using to manage your sales process.
3. It offers a very easy-to-manage and streamlined interface — one of the very best.

Why use NetSuite ERP instead of Odoo?

1. It’s widely known as the world’s number one financial management solution.
2. It’s utilized by several thousand companies and organizations for their accounting needs.
3. It seamlessly integrates with other NetSuite software modules.

9. Sage Intacct

While Sage Intacct is a cloud-based accounting software at its core, it snagged the second spot on our list because its features go beyond financial management. For one, it can monitor inventory levels, automate workflows, as well as perform tax calculations. It also comes with customizable reporting options so that you can quickly evaluate your operational performance and see your company’s financial standing at a glance. Created for small and medium-sized companies, this is a highly efficient solution created for those who want to move out of entry-level accounting such as QuickBooks and Xero, or mid-market solutions such as Microsoft Dynamics GP.

Sage Intacct has been recognized by AICPA to be their main provider of financial-related applications to CPAs, due to its well-planned feature suite and reliability. This profitable partnership gives accounting professionals the ability to make better financial decisions, based on statistics and key figures. As for pricing, Sage Intacct is only available by quote, so be sure to get in touch with the vendor for more information. Should you feel like this is not the ERP tool you are looking for, you can take a look at these Sage Intacct alternatives instead.

Why use Sage Intacct instead of NetSuite ERP?

1. It’s recognized by AICPA as their top provider of financial-related applications to CPAs.
2. Milestones are becoming common for this financial application, as they receive awards from CRN Magazine and OnDemand 100.
3. It can be installed in Windows, Mac (OSX), and Linux.

Why use NetSuite ERP instead of Sage Intacct?

1. It is a full-fledged ERP software that does not only focus on financial management.
2. It’s trusted by more than 40,000 organizations and subsidiaries worldwide.
3. It streamlines your back-office processes, helping you make decisions with ease.

10. SYSPRO

Next on our list is SYSPRO, an ERP platform that rivals NetSuite ERP when it comes to the extensiveness of its functionalities. Created primarily for businesses in the manufacturing sector, this software solution handles everything from order management and payment processing to inventory tracking and accounting. It also comes with built-in auditing solutions, supply chain planning features, and document management tools so you no longer need to rely on separate software solutions for the tasks.

Another thing that sets this ERP tool apart from its competitors is that it leverages AI and machine learning to help you analyze and visualize your company data for decision-making purposes. Furthermore, the software has API functionalities that allow it to integrate with a wide variety of third-party applications. If you think this platform is still not for you, be sure to check out these awesome SYSPRO alternatives.

Why use SYSPRO instead of NetSuite ERP?

1. SYSPRO offers a more customizable interface, making it ideal for customers looking to have full control over their platform.
2. This platform has robust fraud detection tools.
3. This software solution supports both on-premise and cloud-hosted deployments.

Why use NetSuite ERP instead of SYSPRO?

1. NetSuite ERP supports a multitude of languages which is great for international companies.
2. The platform provides users with extensive financial management tools ranging from accounting and payroll to billing management and financial planning.
3. This tool also supports a state-of-the-art demand planning engine and supply chain intelligence.

How to Choose an ERP Software

Hopefully, with our list of top 10 alternatives to NetSuite ERP, you were able to get a better sense of the types of ERP platforms available on the market or find some prospective solutions for your company. However, before you make your decision, we would like to take this opportunity to give you some guidelines on choosing an ERP software.

Much like any of your other investments, these systems are supposed to help you grow your business or improve your operations. So, it only makes sense for you to take the necessary steps in assessing it before spending money on it. Aside from the popularity of a product and its affordability, you should also make sure that you can make the most out of it. The surefire way to do this is to ensure that it has the following qualities:

1. Usability. Unless you’re an IT company, there’s a big chance that not everyone on your team is tech-savvy. With that said, you should find an ERP software that you will be able to use with ease. For one, if you don’t have technical experts as part of your team, you shouldn’t choose a software that requires programming or coding expertise. You can always opt for other platforms with drag-and-drop navigation so that it is easier to maneuver. Another thing you should look for is whether or not the product is intuitive enough to adapt to your processes. If it cannot be configured according to your requirements, we highly suggest that you find a different platform that can do so. This way, you don’t have to waste time overhauling your processes to make way for the software’s implementation.  
2. Scalability. Whether you own a small startup or a large enterprise, you should still expect your business to grow as time passes by. In this regard, it is important for you to find an ERP solution that can scale up and down according to your company’s changing operational needs. For one, it is important for you to find a vendor that will allow you to upgrade or downgrade your subscription at a moment’s notice. Secondly, your platform should also be able to integrate with a wide array of third-party applications so you can extend its functions accordingly. Lastly, because you are bound to accumulate plenty of data over time, it is important for your platform to have an ample storage capacity that can be upgraded as needed.
3. Reliability. It goes without saying that you should choose a software that is reliable enough to support your operations. Meaning, it should be able to accommodate all of your data and be able to run the platform without lagging or crashing. But, of course, other than the software, you should also look for a reliable provider. They should be able to provide you with 24/7 technical assistance or, at the very least, knowledge bases and FAQs to refer to when you encounter problems with the program. This will ensure that you will be able to resolve any issues with the software as quickly as possible and avoid any downtimes while using the platform.  

By Daniel Epstein

Daniel Epstein is a senior financial research analyst at FinancesOnline and the architect behind our Fintech and ERP content division. His main areas of expertise are blockchain technologies, cryptocurrencies, and the use of biometrics in fintech solutions. His work has been frequently quoted by such publications as Forbes, USA Today, Entrepreneur, and LA Times. With more than 1,800 solutions scrutinized in the last 5 years spent on our team he always prioritized offering readers an unbiased perspective on modern financial technologies.