In a world where businesses are inundated with a plethora of extremely valuable and sensitive data, businesses can often get overwhelmed and look for external processes to help with their operation planning. This has caused a huge growth in the popularity of Enterprise Resource Planning (ERP) systems.
Statista estimates that the UK alone will see an ERP software revenue growth of 6.51% from 2023 to 2028. This is because ERP software powers the internal processes of a company, which means that they will find it very difficult to see growth without an ERP solution.
In this article, we will look at the NetSuite ERP system and the SAP ERP system to determine which of them is better for businesses and why. We will look at the benefits of each before coming up with a conclusion.
What Is NetSuite?
Netsuite is an American enterprise resource planning system which has a variety of different models that are put in place to help businesses manage their finances as well as their operations. This is in the hope of helping to make businesses far more efficient and therefore improving overall performance.
The models that this ERP system incorporates help businesses digest data that gives them insight into orders, analytics, customer journeys and so much more. This then allows businesses to make more informed decisions and plans for their future.
In addition to all of this, NetSuite systems also allow for inventory management, order management, CRM, professional services automation (PSA), HR, and commerce, as well as planning and budgeting.
Benefits Of NetSuite
Netsuite has a huge amount of amazing benefits that make it one of the top ERP systems on the market. These benefits are, but not limited to:
Easy Integration With Third-Party Systems
NetSuite, unlike some other ERP systems, can integrate perfectly into third-party systems that you are already using within your business. Whether it be HubSpot, Salesforce, Amazon, Shopify or any other system, Netsuite allows users to keep their base systems and integrates seamlessly with them.
Establish Visibility
One of NetSuites most valuable benefits is to create much more data visibility for the plethora of data that businesses receive and store. The ERP system features customisable dashboards, unified custom records as well and real-time access which simplifies the data and allows businesses to make much more timely decisions. This therefore creates a highly efficient business that can provide its customers with a much greater experience and satisfaction customer journey.
Highly Customisable
Netsuite systems have more than 30 different extremely effective models that can be customised to fit the needs of each business. You can customise your dashboards and real-time data to show you only the most important analytics for the specific goals and core processes of your business.
Impressive Scalability
Another incredible benefit of NetSuite is that as your business grows, so does Netsuite. It has several different tiered packages that can allow NetSuites capabilities for a business to expand as your business does. This therefore means that you will never find yourself outgrowing the system, only upgrading and growing together.
Easy Automation
When thinking of the most impressive benefit of NetSuite, it is hard to look past its automation abilities. It allows you to input data in one area and have it automatically appear in other areas through a process known as critical programming. Gone are the days of manually inputting all of your data, NetSuites automation allows for data input without the chance of human error.
What Is SAP?
SAP, also known as System Applications and Products in data processing, is an ERP software that helps to bring together all of the data that an organisation stores into one place. This therefore allows businesses to better understand their data and also gives different departments access to real-time data whenever they want.
While traditional business models decentralised data, SAP does the opposite. It helps companies to better understand data to better manage complex business processes by enabling real-time access to insights that can help accelerate workloads and workflows with the overall aim of scaling performance.
Benefits Of SAP
As with NetSuite, SAP has a huge amount of benefits that make it a phenomenal ERP system for many businesses. These businesses include, but are not limited to:
Advanced-Data Management
With all of the data that businesses store, having an advanced data management system is incredibly important. SAP is an amazing way for businesses to measure performance metrics to set future business goals. The immediate access to easily digestible data all in one place allows businesses to take advantage of their data as opposed to feeling overwhelmed by it.
Cost Efficient
Another benefit of SAP is its ability to minimise expenses through the use of accurate real-time information. It allows businesses to use their vast amount of data to improve overall business operations, save money and become more cost-efficient.
Increase Business Efficiency
Similarly to its ability to improve cost efficiency, SAP also allows businesses to improve overall efficiency. This is because the data can help them spot areas of the business that are not as efficient as they can be and then make the informed decisions needed to improve the efficiency of these particular areas. It also allows businesses to see what is working best, and lean more into that to help improve the efficiency and performance of the business overall.
Highly Customizable
As every business has different demands, allowing businesses to have customisable systems allows businesses to tailor their systems and data to benefit their exact needs. The system is easy to understand, flexible and adaptable which means that individuals from all departments can utilise and benefit greatly from the data which is stored on the ERP system.
Which Is Better?
Both of these systems offer businesses a huge amount of amazing benefits that if utilised correctly will help to increase the scalability and performance. Both will ensure that your business can use their data much more effectively to help make vital decisions on business processes.
While SAP is a powerful and comprehensive enterprise solution, it can be very costly, especially for smaller and medium-sized businesses that have less capital. In addition to this, it can also be far more complex and challenging than other ERP systems such as NetSuite.
NetSuite is often favoured by businesses, especially smaller businesses, for its cloud-based simplicity, cost-effective pricing, and scalability. It is such a simple way to help streamline business processes that do not include the complexity and costs that are typically associated with SAP systems.
Certified UK Netsuite Consultants At Catalyst-ERP
Here at Catalyst ERP, we are proud to be a NetSuite partner and certified consultant in the UK. Our highly experienced team specialise in providing comprehensive NetSuite consulting as well as NetSuite managed services to help your business better understand and utilise your data to grow and improve performance.
Ready to discover the right ERP for your business?
Schedule a meeting with Rob Scambler, Sales Director for Catalyst ERP and discover how crafting a customised cloud-based NetSuite environment can streamline operations and simplify business processes
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