NetSuite is a popular choice for businesses looking for an all-in-one enterprise resource planning (ERP) system. It offers everything from financial management to CRM and e-commerce, and is trusted by over 30,000 companies around the world. However, it’s not the right fit for every business. Whether it’s due to high costs, complexity, or specific needs, many companies are looking for NetSuite alternatives.
According to a 2024 survey by Panorama Consulting, more than 50% of companies are thinking about switching their ERP systems. One of the biggest reasons is the high cost of their current solution. This shows that many businesses are actively searching for NetSuite competitors that can offer the same features at a lower price or with more flexibility.
1. SAP Business One
SAP Business One is an excellent choice for small to mid sized businesses. Known for its affordability and customizable features, it handles everything from accounting to CRM and inventory management. If you’re exploring NetSuite competition, SAP Business One offers great scalability and strong reporting tools, making it a top contender in the ERP market.
Key features:
- Financial management tools
- Real-time analytics
- Cloud-based or on-premise deployment
2. Microsoft Dynamics 365
If you’re already using Microsoft products, Microsoft Dynamics 365 could be the best NetSuite alternative. It integrates seamlessly with other Microsoft services, like Office 365, making it easier to manage your business from a unified platform. Dynamics 365 offers solutions for finance, operations, and customer service, making it a strong NetSuite ERP competitor for companies of various sizes.
Key features:
- Cloud and on-premise deployment
- Advanced data analytics
- Integrates well with Microsoft services
3. Oracle ERP Cloud
Oracle ERP Cloud is another product by Oracle, and it’s a direct Oracle NetSuite competitor. This platform is built for large organizations and offers advanced financial management and procurement features. While NetSuite competitors often focus on SMBs, Oracle ERP Cloud is tailored for enterprises looking for scalability and robust security.
Key features:
- Real-time financial reporting
- Scalability for large enterprises
- Cloud-based, with secure data management
4. Acumatica Cloud ERP
Acumatica is known for its flexibility and cost-effectiveness, providing a broad range of features that can be tailored to your business needs. Its subscription model includes unlimited users, which is a plus compared to NetSuite’s pricing structure.
Key features:
- Comprehensive ERP modules
- Mobile access for remote work
- Advanced integrations with third-party software
5. Infor CloudSuite
Infor CloudSuite is a robust NetSuite ERP competitor known for its industry-specific solutions. Especially popular in manufacturing and healthcare, Infor CloudSuite offers tools for finance, supply chain management, and human resources.
Key features:
- Industry-specific solutions
- Cloud-based with powerful AI integration
- Detailed financial reporting
6. Workday
Workday stands out for businesses focused on HR and financial management. With its user-friendly interface and extensive human capital management (HCM) tools, Workday is a top choice for organizations looking for a NetSuite alternative that offers deep integration with HR processes.
Key features:
- Advanced financial management tools
- Best-in-class human capital management
- Real-time analytics for business insights
7. Sage Intacct
Sage Intacct focuses on simplifying financial management. Known for its strong accounting capabilities, especially for businesses that need multi-entity or multi-currency functionalities, it’s a flexible, cloud-based solution with robust features.
Key features:
- Multi-entity and multi-currency support
- Robust financial management tools
- Seamless integrations with third-party apps
8. Xero
Xero is an affordable option designed for small businesses and startups. With a focus on accounting and invoicing, Xero is a great NetSuite alternative for businesses with basic financial management needs. While it doesn’t provide full ERP capabilities, its easy-to-use interface and powerful features make it a popular choice.
Key features:
- Real-time financial tracking
- Easy-to-use dashboard
- Integrates with over 800 apps
9. Epicor ERP
Epicor ERP is specifically designed for manufacturing, distribution, and retail businesses. Known for its industry-specific tools, it provides a high level of customization, making it a viable NetSuite ERP competitor for manufacturing companies.
Key features:
- Industry-specific features for manufacturing
- Scalable and customizable
- Advanced supply chain management tools
10. Sage Business Cloud X3
Sage Business Cloud X3 offers a flexible, cloud-based ERP solution suitable for medium-sized businesses. Known for its affordability and ease of use, it’s a top NetSuite alternative for financial management, inventory, and production.
Key features:
- Flexible ERP with cloud deployment
- Robust reporting and analytics
- Customizable modules for business needs
11. Odoo
Odoo is an open-source ERP system that stands out as one of the most customizable NetSuite competitors. It’s an affordable solution for small to mid-sized businesses, offering everything from sales and finance to inventory and manufacturing tools.
Key features:
- Highly customizable modules
- Open-source platform with many app integrations
- Affordable and scalable
12. Priority Software
Priority Software provides a comprehensive ERP solution for businesses of all sizes. Known for its intuitive interface, Priority offers strong financial management tools and integrates well with other systems.
Key features:
- Comprehensive ERP features (financials, CRM, HR)
- Cloud and on-premise options
- Affordable pricing with scalable features
As has been shown, the best ERP isn’t just about features—it’s about what fits your business. NetSuite is popular, but many companies are choosing alternatives that offer better pricing, flexibility, or industry-specific tools. This shift indicates that businesses now prioritize customization over universal solutions. If NetSuite isn’t right for you, there are plenty of options that might be a better match.