Top 5 NetSuite Competitors: What Is the Best Alternative?
Are you searching for a Netsuite alternative that better fits your business needs? Discover Netsuite competitors offering a complete business suite with a wide array of features for various business sizes. These alternatives are an excellent choice for businesses looking to streamline operations with comprehensive solutions, including inventory management, financial accounting, and CRM, across various business applications.
We’ve conducted in-depth research to identify the leading players in the HR software landscape as compared to Netsuite.
You’ll gain insights into each company, their pricing structures, features, and other critical factors to assist you in making the most informed decision.
What Is NetSuite?
Netsuite is a robust cloud-based HR and payroll software platform that has been carefully crafted to meet the needs of businesses of all sizes.
It offers a rich spectrum of features, including
- HR Administration
- Payroll
- Performance Management
- Workforce Management
- Workforce Engagement
- Workforce Planning
- Analytics
Are you exploring NetSuite competitors? Many businesses look for alternatives due to evolving operational demands. These alternatives often offer customizable solutions with a high level of customization, allowing for personalized experiences that cater to varied user needs per month.
Netsuite empowers businesses to efficiently manage their HR functions. They offer robust features, flexible deployment options, and user-friendly interfaces, making it a comprehensive solution suitable for larger enterprises seeking a single platform to manage their core business operations effectively.
NetSuite’s SuitePeople is a comprehensive human resource management platform designed to centralize HR needs within a single, user-friendly interface, aiming to streamline HR processes and reduce costs while enhancing team efficiency. By centralizing business functions, NetSuite revolutionizes operations, improving efficiency and decision-making with its robust features, flexible deployment, and user-friendly design, making it ideal for larger enterprises looking for an all-in-one platform. It integrates financial reporting, customer relationship management (CRM), inventory, and project and supply chain management, providing real-time insights for swift financial analysis and better customer interactions. The inventory and supply chain tools ensure optimal stock levels and logistics, while project management features aid in managing timelines and resources efficiently. Overall, this comprehensive platform fosters growth by reducing costs and
How Much Does Netsuite Cost?
We can’t provide exact numbers because Oracle NetSuite’s HR software pricing is customized and based on individual quotes.
Evaluating ERP systems? Focus on the total cost of ownership, which includes the initial price, plus additional costs like software licenses, setup, training, consulting, support, maintenance, and any additional transaction fees. While some appear inexpensive, they often lead to extra costs, such as expensive customization or separate modules, becoming financial burdens. Consider hidden fees, including potential implementation costs and the steep learning curve, to ensure your ERP stays financially sustainable and fits the budget.
The choice between cloud deployment and on-premise deployment can significantly affect the cost and suitability of accounting solutions, as cloud-based options typically offer lower upfront costs and greater scalability, making them ideal for businesses seeking flexibility and reduced IT infrastructure expenses. On the other hand, on-premise solutions may be more suitable for companies with specific regulatory requirements or those needing extensive customization, despite potentially higher initial costs for hardware and maintenance.
Their annual license fee consists of three main parts including the core platform, optional modules, and number of users.
According to our research, NetSuite is one of the more complex and expensive solutions. One-time fees for implementation and training can be also included.
Let’s take a look at some more straightforward and affordable NetSuite competitors.
Best NetSuite Competitors
1. Sloneek
Sloneek tops our list due to its all-in-one solution. It offers a wide range of HR features with a modular structure. The pricing is transparent and simple. Additionally, it provides real-time access and excellent customer support.
Just take a look at the customer reviews on G2.com where Sloneek reached the impressive score of 4.8 stars out of 5 stars.
Sloneek is an outstanding NetSuite competitor that is a powerful all-in-one HR solution with features like:
- Employee records
- Documents & e-sign
- Asset management
- Engagement
- Organisational chart
- HR automation
- Whistleblowing
- Holding structure
Sloneek offers a seamless integration with its comprehensive suite of HR applications, ensuring businesses can easily adopt its cloud solutions without disruption. With a modular approach, Sloneek provides a range of options tailored to meet diverse business needs, allowing companies to select core features that best fit their operations. The platform is bolstered by excellent customer service, ensuring users have access to support and guidance as they navigate through its key features.
Other categories of features are:
- Time management: Time tracking, Timesheets, Absence management, Attendance system, Clients and projects, Remote work
- Performance management: Employee performance, Skill management, Goals & OKR tracking
- People analytics
- Hiring & onboarding: Recruiting (ATS)
- Payroll & Finance
Now let’s move to the best part.
Pricing
Sloneek’s pricing is transparent and simple, eliminating the need for negotiations or requesting quotes.
Compared to the complicated NetSuite pricing model, which requires you to contact their sales team for any estimates, Sloneek offers three straightforward pricing plans – Essential, Professional, and Enterprise.
The Essential plan starts at $6 / per month / per user and the Professional plan starts at $8 / per month per / user. If you still need a quote tailored to your company’s needs, there’s the Enterprise plan waiting for you.
✅PROS | ❌CONS |
Affordable prices with live demo and 2-week trial | Solely HR-related features |
Entire recruitment covered in one system | Room for improvement |
Great support | |
Fast deployment process |
2. Salesforce
Salesforce is another comprehensive and complex solution that’s been around for years, and even though it primarily focuses on the sales department, it contains multiple platforms including the HR solution.
It’s a commonly used NetSuite competitor, that is a bit more complicated and expensive than our previous contestant, Sloneek.
Salesforce is more of an ERP solution, in some cases even integrated with NetSuite.
A major drawback of this competitor is the need to piece together a solution using different products they provide. Salesforce Lightning, for example, can be a good starting point for HR departments. However, it often requires third-party applications and native integrations. This approach might demand additional marketing campaigns to fully implement and optimize.
Pricing
Probably not final, the price for the right HR Salesforce platform starts at $25 / per user / per month, and if you wish to extend to every employee and department, it’s $ 100 / per user / per month.
✅PROS | ❌CONS |
Complex solution for more departments | ERP functions can be expensive |
Integration with NetSuite | Complicated and expensive pricing |
Hard to navigate |
3. Sage Intacct
Intacct was acquired by Sage and has been around for many years, which can have its pros and cons.
Ideal for small to medium-sized businesses, this solution effectively covers your accounting needs. It offers comprehensive financial capabilities. It streamlines your financial operations.
Sage Intacct stands out as a customizable accounting solution, offering robust reporting tools and seamless compatibility with various business systems, while also providing industry-specific functionality to meet diverse needs.
Additionally, it provides industry-specific solutions to enhance efficiency.
If you’re seeking to harness industry-specific expertise and leverage best practices, you’ll likely come across this NetSuite competitor.
Pricing
While the license for Sage Intacct is reported to be lower than NetSuite, some customers encounter challenges when scaling this solution to their business.
It may not be easily scalable to the enterprise level, so if you’re planning to expand, you could encounter issues in the future.
You’d also have to request a custom quote, but based on our research, it often amounts to thousands of dollars per year.
✅PROS | ❌CONS |
Industry-specific expertise | Limited scalability |
Limited customization |
4. QuickBooks
Another frequently chosen financial management solution, QuickBooks, is often employed as an alternative to NetSuite.
This solution is tailored for small businesses and startups. It offers features like payroll, sales, and inventory management. It’s a great fit for industry-specific companies, including manufacturing and wholesale. Retailers and non-profit organizations will also find it ideal. It includes expense tracking and financial management capabilities. It supports cloud deployment for greater convenience.
Pricing
QuickBooks offers transparent pricing on its website divided into three basic plans – Simple Start, Essentials, and Plus.
The Simple Start plan is priced at $8.5 per month, providing access for one user and one accountant, primarily focusing on financial needs. The Essentials plan, starting at $12.5 per month, includes additional HR features and accommodates three users. For larger teams, the Plus plan, priced at $17.5 per month, is designed for up to five users.
✅PROS | ❌CONS |
Transparent pricing | Requires installation |
Limited user access |
5. Epicor
Epicor is a standard cloud-based ERP solution. It was primarily designed for manufacturing businesses. It also supports distribution sectors. Warehouse management is another area it covers effectively.
Even though often considered as a solid NetSuite alternative, it mainly helps companies with following up on leads and collecting business data. But it’s a very robust solution with CRM, PSA, real-time analytics, marketing automation, and more.
Epicor is especially suited for larger businesses in the manufacturing industry and distribution sectors, thanks to its robust warehouse management system.
Pricing
The pricing is custom and scalable, also requiring custom quotes. According to Capterra, the plans start at $349 per month.
✅PROS | ❌CONS |
Scalable solution | No free trial |
Limited features |
Other Key Considerations When Choosing a NetSuite Alternative
In the search for a NetSuite alternative, businesses should consider several key factors to make an informed decision:
- Scalability: Ensure the ERP system can grow with your business, accommodating increasing data and user loads without requiring a complete overhaul.
- Customization Flexibility: Look for a solution that allows for robust customization, enabling you to tailor the system to your specific business processes.
- Real-time Visibility: Opt for a platform offering real-time insights into operations and financials to aid quicker decision-making.
- Integrations: Ensure the ERP has strong integrations with your current and future tools, promoting seamless data transfer and reducing errors.
- Modular Structure: Choose an ERP with a modular design, allowing you to implement only necessary components, saving on costs and complexity.
- User Roles & Operational Support: The software should support diverse user roles and meet all operational requirements to enhance departmental collaboration.
- Robust Reporting: Essential for performance tracking and decision-making, choose a system with extensive reporting capabilities.
- Compatibility with Existing Systems: The ERP should fit smoothly within your existing business and financial operations for a cohesive environment.
Carefully reviewing these aspects ensures you select a NetSuite competitor that aligns with your objectives, enhancing operational efficiency and supporting growth.
Final Thoughts
So who’s the best NetSuite competitor?
The best cost-effective advanced HR tool for teams of 10+ employees – Sloneek
The best solution for sales-focused companies – Salesforce
The best accounting-focused solution for small to medium companies – Sage Intacct
The best financial tool with transparent pricing – QuickBooks
The best solution for manufacturing businesses – Epicor
We hope this guide has helped you choose the right Netsuite competitor. If you want to chat more, contact our sales team!