As we know both Microsoft Dynamics 365 and NetSuite are the Market’s Big hitters for ERP Business needs, so we have to finalize and look into our desired requirements before choosing any one of them.
Both, Microsoft Dynamics 365, and NetSuite started as cloud-first software (now it’s possible to implement Dynamics 365 on-premises). Both Dynamics 365 and NetSuite also offer demos and Free trials that give you a constructive Roadmap for Perfect Business Matchmaking.
In this blog, we will roll out both the solutions pros and cons of their ERP functionalities.
Unfolding NetSuite ERP and Microsoft Dynamics 365 ERP
Considering both NetSuite ERP and Dynamics 365 ERP are built on the terms of sophisticated business management programs, making them more useful to an organization's financial and business growth, both systems were designed keeping in mind the needs of small and mid-sized companies to scale their business growth.
The Modules under NetSuite ERP are as follows:
Financial Management: Within this module, comes all financial and accounting activities are performed. Some of the other functions include Order Management, Supply Chain, and much more.
Order Management: under this comesPricing and Promotions, sales order management, and Returns Management.
Production Management: This module consists ofProduct Data Management, work order Management, Planning and Scheduling, Quality Assurance, and Manufacturing Execution System.
Supply chain Management: Planning, execution. Collaboration and support form the key elements of this module.
Warehouse and Fulfilment: This module represents Inbound Logistics, Outbound Logistics, Inventory management, and Warehouse Management system.
Procurement: NetSuite’s procurement module comprises Sourcing, Purchasing, and Order Management while it streamlines and improves the accuracy of the procure-to-pay process by automating and linking key procurement transactions and providing approval and matching workflows to support internal controls and compliance requirements.
Human Capital Management: HCM is built on core human resource functions, payroll, employee service-center, and workforce analytics that use data-informed methods to improve workforce planning and management. This practice measures the impact of workforce behavior and related factors on overall business performance.
Dynamics 365 breaks down into three major modules
Microsoft Dynamics 365 Finance and operations: It consists of Accounting, Financial Management, Budgeting and Planning, Tax management, Manufacturing Support, Supply Chain Management, Time and expense management, and Project estimation management.
Microsoft Dynamics 365 for Commerce: It has a Unified Commerce, Omnichannel Buying, Brand Loyalty Programs, Tailored sales and services, Sourcing and Merchandising, Inventory Management, and Marketing built-in.
Microsoft Dynamics 365 for Human Resources: It has Talent Acquisition, Candidate portals, Onboarding, and Performance and Development
Moving On, Let’s evaluate some of the pros and cons of NetSuite ERP and Microsoft Dynamics 365 ERP
Pros of NetSuite ERP:
NetSuite ERP supports all the vital functions in an organization from managing costs, optimizing accounting efficiency, and streamlining order management and other business processes.
NetSuite ERP provides real-time visibility and provides employees with data dashboards so that they can spend more time analyzing rather than collecting and gathering data.
NetSuite ERP offers workflow to standardize business processes and automation effectively.
Cons of NetSuite ERP:
Customizations Require Proper Maintenance and Constant Support.
Additional Payments for Advance Modules, Add-ons and SuiteApps.
Pros of Microsoft Dynamics 365 ERP:
Real-time Analytics: Microsoft Dynamics 365 is a cloud-based ERP that gives access to real-time data enabling users to get real-time analytics of all their business processes.
Agility: With Microsoft’s Dynamics 365 Finance and Supply Chain Management modules it's easy to keep track of your records and financial books, deliver more robust reporting, and increase profitability with precise business intelligence.
Security: Microsoft Dynamics 365 is Cloud-Based and hosted via Azure, so your data is completely safe, and if there is data loss or hack it can be quickly fixed.
Cons of Microsoft Dynamics 365 ERP:
It is hard to use some of the features like “manage users and permissions” due to existing customizations.
It takes some training to get up to speed on all functions. The user interface can be challenging to non-Microsoft users.
Few customizations can be an additional expense.
Want more Tailored Information about our Software services? Then Get in Touch with us for personalized solutions that fit your business needs and your Team.
To know more about NetSuite and Microsoft ERP Offerings, contact us at [email protected]
Microsoft Dynamics 365 is a complete, future-proof ERP solution backed by the foresight and investment of Microsoft and a strong reseller/system integrator network. With its value-added consultation and implementation methodology, Dynamics 365 has proven to be the ERP solution of choice for many small and mid-sized businesses. So why not give your team a solution they can count on?
If you’d like to know more about Microsoft Dynamics 365 and what it can do for your business, contact our experts at Korcomptenz.
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