53% of businesses believe that enterprise resource planning (ERP) is a priority for investing and 88% of organizations believe their ERP implementation helped them succeed. So if you don’t already use an ERP solution, it’s about time you do.
When browsing options, there’s one name that keeps popping up: Oracle. Now, this brand actually has 2 platforms of interest that have placed in the top 3 for ERP systems. They are ERP Cloud and NetSuite.
As you can imagine, each has its own strengths and weaknesses. So if you’re having a tough time deciding between Oracle ERP Cloud and Oracle NetSuite, then keep reading. We’ll outline the differences here.
Oracle ERP Cloud
Oracle ERP Cloud is a solution that enables businesses to perform risk, financial, procurement, and enterprise resource management. It was first introduced in 2012, so the fact that it’s been around for a decade only means good things.
This program uses a number of modern technologies, such as blockchain and AI. All of these come together to help automate repetitive tasks to free up staff.
Oracle NetSuite actually started out as its own company in 1998; in 2016, it was acquired by Oracle. NetSuite mainly helps you manage your financials, such as orders, inventory, orders, and revenue.
Within this program are multiple modules. Their purpose is to unite your business processes and give you easier control and access to them.
The Differences Between the Two
NetSuite is a simpler software for you to use. So if you’re not familiar with tech and don’t need anything past an off-the-shelf product, then Netsuite is ideal. Otherwise, if you need more integrations and customizations, ERP Cloud is the better software for the job.
On that note, NetSuite is more user-friendly, but it’s not as flexible. So determine the capabilities of your workforce and clients to decide which solution is better.
Another key difference is that with ERP Cloud, you’ve got your own instance of the program. Whereas with NetSuite, you’ll need to share it with everyone else (up to thousands of companies).
Those looking for better functionality and technical capability will want to pick NetSuite. It started out as a software-as-a-service (SaaS), so it’s more established in the cloud.
If you’re worried about scalability, then rest easy knowing that both will handle scaling well!
Generally speaking, NetSuite will be the better option for small businesses. Because it’s simpler to use and doesn’t have unnecessary bells and whistles, NetSuite should be cheaper as well. Find out more about the NetSuite Licensing cost.
Get the Right Software for Your Business
As you can see, Oracle ERP Cloud and Oracle NetSuite are both useful programs.
The business management software that’s optimal for your company will depend on its size and needs. And now that you know exactly what each solution offers and its potential, you’ll be able to make the right choice to streamline your business operations.
To learn more about business process management, keep reading our blog page.