NetSuite Competitors: An Exhaustive Comparison

Microsoft Dynamics 365 vs NetSuite vs QuickBooks Enterprise: A Full Exploration of NetSuite Competitors

Looking for the perfect ERP solution? Explore the differences between Microsoft Dynamics 365, QuickBooks Enterprise, and Oracle NetSuite and see which product best fits your business goals.

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What should you look for in an ERP solution?

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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, Professional services, Retail and eCommerce, Hospitality, Pharmaceutical, Financial services, Government, 

Dynamics 365 Finance and Supply Chain Management

Discrete, job shop, process, and mixed-mode manufacturing, Supply chain, Financial services, Pharma and healthcare, Professional services, Non-profits, Government services

Overview

QuickBooks Enterprise

QuickBooks is an easy-to-use basic accounting package ideal for startups and small companies. QuickBooks Enterprise is the top-of-the-line version of QuickBooks and will be used for 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 tailored to specific industries

Intuit acknowledges that QuickBooks is NOT an ERP.

Oracle NetSuite

Oracle NetSuite can handle sophisticated 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 a large number of simultaneous transactions 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

Is not available as an on-premises deployment.

Development uses SuiteScript, a variation of JavaScript. Although flexible, it is difficult to test.

The user’s database cannot be exported in a relational format, making migration to a new ERP challenging.

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

Dynamics 365 Finance and SCM are now two separate products. Their rich feature sets 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 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 or on-premises.

Upsides

QuickBooks Enterprise

Easy to install, easy to use.

Oracle NetSuite

Ubiquitous; popular among VC and PE firms.

Deep 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).

Large developer community.

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

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.

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.

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

QuickBooks – Powerful, flexible, and affordable, it is a great way to start any business. It is not, however, an ERP capable of meeting strict GAAP, IFRS, SOX, and other regulatory requirements.

When you should choose Microsoft Dynamics 365 over Oracle NetSuite

Choose Business Central or Finance and SCM over Oracle NetSuite if:

  • You require an on-premises implementation.
  • You are currently using the Microsoft Productivity Suite (Word, Excel, Teams, Outlook, etc.)
  • You want access to Microsoft Power Platform and Azure functionality.

When you should choose Oracle NetSuite over Microsoft Dynamics 365

Oracle NetSuite might be the better choice over Business Central if you require more HRM or project management functionality in your ERP.

Why businesses have switched from NetSuite and QuickBooks to Microsoft Dynamics 365

Many businesses are content with QuickBooks until they either outgrow its capabilities or are looking for investors. Then they must make a move to a more robust financial application, typically Oracle NetSuite or Microsoft Dynamics 365.

Although Oracle NetSuite is a capable ERP, some customers have looked to change for several reasons, including:

  • Escalating fees. Oracle NetSuite charges per user, per additional modules, and additional fees for high transaction volume and single tenancy. Plus, many customers have complained that their fees increased dramatically after the first term of their agreement expired.
  • Difficulty exporting data. Customers have complained that it is difficult for them to export their Oracle NetSuite database in a relational format.
  • Microsoft is investing in their products. Microsoft has already invested over $1 billion USD in their AI capabilities to continue to improve their Dynamics 365, Power Platform, and Azure products.

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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