When choosing the right ERP system for your business, you have to look for a system that is easy to use and will integrate with other systems, so you easily get an overview of all your business data in one place. Unfortunately, there are a lot of systems on the market. With so many to choose from, it’s hard to know which one is the best for your business. This blog compares Oracle ERP Cloud vs. Oracle NetSuite, two of the most popular systems on the market.
Cloud-based ERP systems
An ERP (Enterprise Resource Planning) system is a comprehensive business solution that helps companies manage their business operations. With this system, you can manage inventory, manufacturing, shipping, customer information and more. In the past, a company would have to buy multiple software programs to get all the functionalities of an ERP system.
Nowadays, an ERP system is a cloud-based software solution, which means it is hosted on the internet and shows real-time data. This has a lot of advantages; it is easy to use, can be accessed by all of your employees, and you don’t have to worry about the software becoming obsolete. Whether you’re a small-sized or mid-sized business owner or a manager at a large corporation, you can use an ERP system to streamline your business and manage your daily business activities.
The fundamental differences
As indicated, Oracle and NetSuite are two of the most popular ERP systems on the market. They both offer cloud versions and on-premise versions of their products, and they both boast a suite of products that are intended to help companies manage their business. But there are some fundamental differences:
- Ease of use
NetSuite is the best choice for those who prioritize consistency and a user-friendly experience. One of the basic principles of ERP systems is that they are easy to use, NetSuite certainly meets this criterion.
It is essential to ensure that an ERP system has all the features you need. In this case, NetSuite is a more mature Software as a Service (SaaS) option with an established presence in the cloud, as compared to Oracle.
A flexible system can be easily changed to meet your needs without much trouble. The more flexible the system is, the easier it will be to make changes. Generally speaking, Oracle provides a great deal of flexibility, while NetSuite is slightly less flexible due to its SaaS cloud model.
A scalable ERP system is able to manage a large amount of data and users without decreasing its performance. Additionally, scalable ERP software can be upgraded to support future business needs and is equipped with features that make the system more efficient and effective.
Both systems, Oracle and NetSuite, can handle large volumes of data and quickly scale up or down because they are cloud-based. But NetSuite offers greater standardisation and can operate in a multi-tenant cloud environment.
Choose the right system for your business
Choosing the right ERP system is no easy task. When selecting an ERP system that fits your business needs, there are a variety of software solutions from which you can choose, like Oracle NetSuite and Oracle ERP Cloud.
As indicated, these solutions vary in ease of use, functionality, flexibility and scalability. That’s why it’s important to choose a system that’s a good fit for your company’s goals, values and vision. Because in the end, you will be better off selecting a software system that meets your company’s specific needs, and you’ll be more likely to succeed with it.
Want to know more about ERP systems and how you can choose the right system that fits your business needs? You can read more about NetSuite on our Why NetSuite page or view our Why NetSuite publication.