NetSuite ERP vs. Microsoft Dynamics: ERP Comparison Series
Nonetheless, there are also many differences that make it so each software may appeal to different businesses. Depending on the size, industry, scope of operations, and culture of your business, you’ll find one that fits your company best.
To decide which software really suits your needs, we’re going to take a deep dive into both solutions. From features to usability, we’re going to cover it all.
Now, let’s go shopping!
Find Out if NetSuite is the Right ERP
What is NetSuite ERP?
In 2005, NetSuite released its CRM solution, NetSuite CRM+. This marked a big shift for NetSuite; transforming from accounting software to a comprehensive business solution suite.
Today, NetSuite is the world's most deployed cloud Enterprise Resource Planning (ERP) solution, with more than 24,000 organizations across 100+ countries. NetSuite provides an end-to-end software solution across CRM, Accounting and Finance, Inventory and Warehousing, Work Orders, WIP and Routing, Project and Job Costing and more. As a fully integrated solution, NetSuite provides users with a single modern platform that supports the needs of growing businesses.
Pro-Tip: To learn even more, you can check out some NetSuite FAQs here.
What is Microsoft Dynamics GP?
Microsoft Dynamics GP was launched in 2003. It makes up the customer relationship management wing of Microsoft’s suite of Dynamics business management programs. Microsoft Dynamics GP revamps well known Microsoft productivity tools, such as Microsoft Office, Microsoft SharePoint, and SQL databases with the intention of helping businesses manage their finances.
In 2011, Dynamics CRM was made available in the cloud, which allowed businesses to use a cloud-based system via third-party partners, while also giving them the option to implement an on-premise system.
Microsoft Dynamics GP vs NetSuite ERP: The Features
To give you the best idea of the features you’ll be receiving with every software, we’ve broken them down by module.
NetSuite ERP Features Include:
Microsoft Dynamics GP Features Include:
Microsoft Dynamics vs NetSuite ERP: The Pros & Cons
This will really help you decide which product is best for you.
NetSuite ERP: The Pros
- The #1 Accounting Solution:
Because NetSuite began as accounting software, its financial management features have been perfected over a long period of time. Now, NetSuite offers some of the best financial and accounting features in the ERP market.
With NetSuite ERP, you can easily customize your dashboard, menu bars, and forms to meet your company’s unique needs. This powerful software offers a variety of custom functions and features.
Since NetSuite is a cloud-based ERP system, the provider is responsible for all hosting and maintenance activities which will allow you to focus on using ERP, instead of managing it.
NetSuite is very flexible, in terms of which operating system you complete your tasks on. The systems supported include Windows, Android, iPhone/iPad, Web-based, Android, and Mac.
- Fast Implementation:
NetSuite allows new clients to go from 0 to cloud in 100 days with SuiteSuccess, NetSuite’s specialized rapid implementation methodology.
- Industry Solutions:
NetSuite offers a variety of industry solutions with features and modules tailored to specific industries, such as manufacturing, ecommerce, life sciences, wholesale distribution, media and more. Get up and running faster with the capabilities of NetSuite’s cloud computing business management suite—including CRM, accounting/ERP, ecommerce and order management—while addressing your specific challenges.
- Made for Multinationals:
NetSuite is made for multinational companies, allowing companies to work in several languages, and manage multiple subsidiaries, currencies, and taxation laws using NetSuite OneWorld.
- Customizations by Role:
NetSuite allows companies to control permissions and access to certain data by the roles within their organizations. Not only is this a key security feature for companies handling important information, but it also helps companies manage their departments.
- Easy Order Fulfillment:
NetSuite offers fast and simple order fulfillment that can be easily integrated with distributors such as FedEx or UPS.
NetSuite ERP: The Cons
- NetSuite’s interface can be seen as somewhat dated compared to other more intuitive business software and can be tough to navigate for beginners.
- Since it’s cloud-based, any changes are made automatically by the vendor, during NetSuite’s bi-yearly updates. This means you may find you run into unwanted changes. You can learn more about the latest update here.
- Some users have reported poor search functionality, and difficulty retrieving the information they need.
Microsoft Dynamics: The Pros
- Microsoft Tools Integration:
Since Dynamics is a Microsoft product, it easily integrates with Microsoft’s productivity tools, including Microsoft Office, Microsoft SharePoint, and SQL server database.
- Fast Deployment:
Microsoft Dynamics offers new customers a fast deployment option through its RapidStart Services.
- Powerful BI Tool:
Dynamics 365 for ERP offers robust business intelligence capabilities thanks to Microsoft’s Power BI tool.
- Role-Specific Insight:
Microsoft Dynamics offers powerful, role-specific insight that allows users to access in-depth information tracking.
Microsoft Dynamics is infused with machine learning and artificial intelligence, and can be used with a digital assistant.
- Customizable Budgets:
Microsoft Dynamics allows users to set the reported budget by year, quarter or month, creating streamlined reporting processes, expense reports, and project timesheets.
Microsoft Dynamics: The Cons
- Due to the vast amount of data and features, some users have found Microsoft Dynamics to be slow when running reports.
- Although it builds on the functions of its predecessor Dynamics AX, Dynamics 365 hasn’t fully caught up feature-wise, and some capabilities are still being introduced.
- Microsoft Dynamics can be customized, but many organizations may find the customization process difficult to master in-house without some development knowledge.
- Microsoft Dynamics’s architecture is a little outdated compared to its competitors.
Microsoft Dynamics vs NetSuite ERP: The Final Conclusion
Now that you’ve seen the facts, let’s round up the final differences.
Microsoft Dynamics is a software normally used by small and midsize businesses; built as a true financial system for growing businesses.
It has a native connector for integrations with Microsoft Office products and enough functionality to help boost finance and accounting processes for businesses. Microsoft Dynamics can also be cheaper than NetSuite, but cheaper doesn’t necessarily mean better in this case.
Dynamics GP is a legacy on-premise or hosted solution aimed at helping small to midsize companies looking for a solution that is cheaper, smaller and doesn’t come with a lot of out-the-box functionalities.
NetSuite, on the other hand, suits the needs of a standard business in areas like sales, customer relationships, enterprise resource planning, accounting, inventory, and more.
Where NetSuite beats Dynamics is in areas like:
- General Ledger
- Accounts Receivable / Payable
- Inventory Management
- Reporting & Analytics
- Integration Capabilities
Overall, NetSuite is the better choice for big growth and big revenue in the long-term. But if you’re looking to handle your essential accounting and finances on a small scale, then you might consider Microsoft Dynamics as a suitable alternative.
Which Software is Right for your Business?
If NetSuite ERP is the right choice for your business, contact our NetSuite pros for a free assessment!
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Find Out if NetSuite is the Right ERP