Oracle NetSuite Competitors: An Exhaustive Comparison
Microsoft Dynamics 365 vs Oracle NetSuite vs QuickBooks Enterprise: A Full Exploration of Oracle NetSuite Competitors
Looking for the perfect Enterprise Resource Planning (ERP) solution? Explore the differences between Microsoft Dynamics 365, QuickBooks Enterprise, and Oracle NetSuite and see which product best fits your business goals.
To remain competitive, today’s businesses need to run more efficiently and have greater visibility into all their processes. To get the power and agility to do so, most employ an Enterprise Resource Planning (ERP) software application. An ERP provides a comprehensive set of features to run financials plus other areas, such as manufacturing. Your ERP will touch nearly every facet of your business and will be with you for many years, so you should be prepared to invest time into the selection process.
A quick breakdown of
Microsoft Dynamics vs. Oracle NetSuite vs. QuickBooks Enterprise
Company Size
QuickBooks Enterprise
Start-ups, small companies
Oracle NetSuite
Small to midsize to large
Dynamics 365
Business Central
Small to midsize to large
Dynamics 365 Finance and Supply Chain Management
Midsize to enterprise
Target User Range
QuickBooks Enterprise
1-40
Oracle NetSuite
1-many (no theoretical limit)
Dynamics 365
Business Central
1-many (no theoretical limit)
Dynamics 365 Finance and Supply Chain Management
20+
Industries
QuickBooks Enterprise
Manufacturing, Wholesale, Construction and contractors, Professional services, Accountancy
Oracle NetSuite
Advertising and media, Financial services, Hospitality, Professional services, Wholesale, Discrete manufacturing, Nonprofit, Healthcare, Retail, and eCommerce
Dynamics 365
Business Central
Discrete manufacturing, job shop, process, and mixed-mode manufacturing, Supply chain, Professional services, Retail and eCommerce, Hospitality, Pharmaceutical and health care, Financial services, Non-profit, Government services
Dynamics 365 Finance and Supply Chain Management
Discrete manufacturing, job shop, process, and mixed-mode manufacturing, Supply chain, Professional services, Retail and eCommerce, Hospitality, Pharmaceutical and health care, Financial services, Non-profit, Government services
Overview
QuickBooks Enterprise
QuickBooks is recognized as a user-friendly accounting solution suitable for startups and small businesses. Its simplicity and ease of use make it appealing for those with basic accounting needs. QuickBooks Enterprise, positioned as the premium edition of QuickBooks, will be considered in this comparison.
Although QuickBooks Enterprise comes with many robust financial features:
• Payroll and payroll tax filing
• Payment acceptance
• Inventory tracking
• Customizable reporting
• Dashboard views of the business
• Product versions for industries specifications
Intuit acknowledges that QuickBooks is NOT an ERP.
Oracle NetSuite
Oracle NetSuite can handle accounting functions, including multi-entity, international, supply chain, discrete manufacturing, and other scenarios. It is customizable and integrates with other business applications.
Other Oracle NetSuite products include CRM, HCM, professional Services, and Analytics and Reporting, eCommerce.
Dynamics 365
Business Central
Microsoft Dynamics 365 Business Central is the current incarnation of Microsoft Dynamics NAV (formerly Navision).
Business Central is a comprehensive ERP with support for international, multi-entity, inventory, supply chain, manufacturing, retail, and other scenarios. It is highly flexible and customizable.
Dynamics 365 Finance and Supply Chain Management
Microsoft Dynamics 365 Finance and Supply Chain Management (SCM) is the current incarnation of Dynamics AX (formerly Axapta).
It is a flexible, customizable, feature-rich ERP capable of handling complex global enterprises and sophisticated accounting functionality.
Downsides
QuickBooks Enterprise
Main drawback: Cannot produce a verifiable audit trail. Companies seeking to go public or soliciting funds from investors will have to replace QuickBooks with an ERP application like Oracle NetSuite or Microsoft Dynamics 365.
Requires multiple subscriptions to support multiple companies under the same account.
Oracle NetSuite
Development uses SuiteScript, a variation of JavaScript. Although flexible, it is difficult to test.
Lacks native integration to popular productivity suites such as Microsoft 365 (formerly Office 365).
Smaller catalog of third-party apps when compared to Microsoft AppSource.
Known to substantially increase license costs after the introductory contract, making it harder to predict cost of ownership.
The user’s database cannot be exported in a relational format, making migration to a new ERP challenging.
Does not have native AI capabilities.
Dynamics 365
Business Central
Microsoft is pushing all Business Central, NAV, GP, and SL customers to be cloud-compliant on Business Central, causing some frustration among long-time Microsoft users.
Dynamics 365 Finance and Supply Chain Management
The rich feature sets for Finance and Supply Chain Management require a longer implementation time, and licenses are more expensive compared to Business Central.
Deployment Options
QuickBooks Enterprise
Can run standalone on a desktop or accessed online.
Oracle NetSuite
A true-cloud, multi-tenant ERP. Single tenancy is available for an additional fee.
Runs on the Oracle Cloud Infrastructure.
Dynamics 365
Business Central
A true-cloud, multi- or single-tenant ERP and can also operate on-premises.
Runs on Microsoft Azure, with a 99.9% financially based SLA uptime guarantee, or on-premises.
Dynamics 365 Finance and Supply Chain Management
A true-cloud, multi- or single-tenant ERP and can also operate on-premises.
Runs on Microsoft Azure, with a 99.9% financially based SLA uptime guarantee, or on-premises.
Upsides
QuickBooks Enterprise
Easy to install, easy to use.
Oracle NetSuite
Ubiquitous; popular among VC and PE firms.
Core features and functionality (e.g., HR, email marketing (Bronto), project management).
Broad vertical support and functionality (e.g., Professional Services, Hospitality, Non-Profit, Media/Publishing).
Flexible integrations with most third-party applications.
Supported by a large developer community and Independent Software Vendors (ISVs) that provide third-party add-on solutions.
Offers SuiteApp marketplace for add-on functionality.
Dynamics 365
Business Central
Natively integrated with Microsoft 365, Microsoft’s Productivity Suite (Word, Excel, Outlook, Teams, etc.)
Offers deep native AI capabilities (Microsoft Copilot) for optimizing business processes and gaining greater insights.
Natively integrated with Microsoft’s Power Platform (Power BI, Power Automate, etc.) for low-code/no-code application development and more.
Flexible integration with most third-party applications.
Offers Microsoft’s AppSource for additional product add-ons.
Supported by a large developer community and Independent Software Vendors (ISVs) that provide third-party add-on solutions.
Dynamics 365 Finance and Supply Chain Management
Supported by a large developer community and Independent Software Vendors (ISVs) that provide third-party add-on solutions.
Native integrations to Microsoft’s Productivity Suite (Word, Excel, Outlook, Teams, etc.) and Microsoft’s Power Platform (Power BI, Power Automate, etc.)
Flexible integration to most third-party applications.
Offers Microsoft’s AppSource for additional product add-ons.
Offers native AI capabilities for optimizing business processes and gaining greater insights.
Reporting
QuickBooks Enterprise
Comes with standard reporting and dashboards for financials and other business KPIs.
Customizability is limited.
Oracle NetSuite
Comes with standard reporting plus an analytics and reporting module included in the subscription.
Users can create custom reports and dashboards.
Dynamics 365
Business Central
Comes with standard reporting.
Users can create custom reports and dashboards.
Comes with native integration with Power BI, part of Microsoft’s Power Platform.
Dynamics 365 Finance and Supply Chain Management
Comes with standard reporting.
Users can create custom reports and dashboards.
Comes with native integration with Power BI, part of Microsoft’s Power Platform.
Additional Considerations
- Microsoft has been recognized as a top cloud hosting provider by Gartner, IDC, and other industry experts and analysts
- Microsoft is one of the most trusted brands in the industry, guaranteeing 99.9% availability for both Business Central and Finance and Supply Chain Management
- Microsoft offers some of the most flexible licensing plans in the industry
- Business Central, Finance and Supply Chain Management, and Netsuite meet strict GAAP, IFRS, SOX, and other regulatory requirements
Why businesses choose Dynamics 365 over Netsuite
Many businesses are content with QuickBooks until they either outgrow its capabilities or are looking for investors and need an ERP solution. Although Oracle NetSuite is a capable ERP, here are the reasons many choose Microsoft Dynamics 365 Business Central or Finance and Supply Chain Management:
- Oracle NetSuite charges per user and per additional
modules, as well as additional fees for high transaction volume and single tenancy. Plus, many customers report that their fees increased dramatically after the first term of their agreement expired.
- Customers report it is difficult to export their Oracle NetSuite database in a relational format. In short, Oracle “owns” their data, not them.
- Microsoft is continually investing in all their offerings, including, at last count, over $1 billion USD in AI capabilities.
- Businesses that require an on-premises implementation do not have that option with Netsuite.
- Dynamics 365 has native AI capabilities, while Netsuite does not. AI can be leveraged to automate tasks, improve forecasting, and advanced business intelligence.
- Businesses using the Microsoft Productivity Suite (Word, Excel, Teams, Outlook, etc.), Oracle Netsuite cannot match the level of integration offered by Dynamics 365. Productivity tools become an extension of the ERP, eliminating data silos and enabling users to utilize the functionality they need without having to jump from application to application.
- Businesses that want to leverage Azure cloud functionality and Microsoft Power Platform, with its advanced integration with Power BI for real-time reporting, the clear choice is Dynamics 365.
Iron Container Migrated from Oracle NetSuite to Microsoft Dynamics.
Watch The Video Case Study:
Why the experts recommend Dynamics 365
It’s no surprise that businesses choose Dynamics 365 over Oracle NetSuite and other ERP solutions—and industry analysts and experts agree:
IDC named Dynamics 365 Business Central in the 2024 MarketScape Report for SaaS and cloud-enabled small business ERP applications. As discussed in the blog article, Dynamics 365 Business Central is one of the top solutions in the Leaders category:
Forbes magazine selected Microsoft Dynamics 365 Business Central as the best overall cloud ERP solution for 2024.
Gartner, Magic Quadrant for ERP pictured on the left, considers Microsoft as a “Visionary” with Microsoft Dynamics 365, citing a “broad core financial management solution for midmarket and large organizations that is well-integrated with Microsoft Dynamics 365 customer engagement applications, Microsoft 365 and the Power Platform” as well as Azure platform capabilities like “out-the-box integrations with a rich set of enterprise-class platform services, such as Microsoft Power BI, Power Apps and Dataverse.”
Ready to learn more about Microsoft Dynamics 365?
Finding the right ERP can be confusing. At Western Computer, we will help you through the selection and buying process. We specialize in Microsoft Dynamics 365 products, and we will make sure you get the solution that is right for your company.
Contact us today to see a demonstration of what Microsoft Dynamics 365 can do to help your company grow, run your business more efficiently, and deliver greater value to your customers.
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