When it comes to choosing which ERP to select for your business it can often be quite difficult to establish which one is the best in the market. Therefore, to help make your decision easier, in our latest blog article we will be comparing two ERP options: NetSuite and Business Central.
So, before we get started what is Business Central?
Dynamics 365 Business Central (formerly Dynamics NAV) is specifically designed for small and medium sized businesses looking for an all-in-one ERP finance solution that’s easy to use, adapt to and can be deployed in the Cloud or on premise.
It allows your business to be able to turn multiple disconnected systems into one, as well as being able to boost efficiency with automated tasks and workflows all from within your Office 365 tools such as Word, Outlook and Excel.
Furthermore, Business Central can be implemented as an upgrade to your existing entry-level accounting software such as Sage 50, QuickBooks, Xero Accounting or a legacy ERP system which enables you to manage accounting, commercials, operations, sales, purchasing, supply chain and customer service functions from within one solution.
Next, let’s define NetSuite
NetSuite is a cloud-based ERP (Enterprise Resource Planning) software solution that provides businesses with a comprehensive suite of tools for financial management, inventory and supply chain management, customer relationship management, and more. It was founded in 1998 and acquired by Oracle in 2016.
So, what are the main differences between the two ERP solutions?
It goes without saying that both solutions help to provide a whole host of financial management, customer relationship management and supply chain management tools and much, much more. The key differences are as follows:
- Company size: Business Central is predominately used by small and medium-sized businesses whereas NetSuite is best suited for enterprise level businesses.
- Pricing: NetSuite has a much more complex and much more expensive pricing structure than Business Central which is much cheaper and much easier to navigate.
- Integration: Business Central works well with other more commonly used products such as Office 365/Microsoft 365 whereas NetSuite only works best with other Oracle-related products.
- Customisation: Business Central is so much more straightforward to customise and use over NetSuite.
So, which one is better overall: Business Central or NetSuite?
Choosing as to which one is better between the two will largely depend on your specific business requirements. Both ERP solutions are good cloud-based ERP systems that can deliver a whole host of different features as well as benefits for your business.
When it comes to Business Central, this is the perfect choice for businesses that are already using other Microsoft products and are looking for an all-in-one solution that can seamlessly work with other Microsoft tools that we know and love such as Microsoft Teams. Furthermore, it is also able to deliver AI and machine learning functionality that can drive better insights for your business and help to revolutionise the way you approach tasks via automation.
When you are evaluating which solution works best for your business, it is important to consider your specific requirements, budget as well as the resources required. Also, you need to assess both Business Central and NetSuite as well as take into account the functionality, customisation options, how easy it is to use and the overall costs of doing so before making any final decision. Furthermore, it is definitely work talking to ERP specialists like Advantage who can steer you in the right direction.
Next Steps?
If you are a business that has read the above article and are convinced that Business Central is the right ERP solution to implement perhaps through our Quick Start solution then why not book in a call with one of our Business Central experts now to discuss your specific needs in more detail.
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