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Although ERPs originated in the manufacturing industry, it headed off in new directions, and today, businesses across industries consider ERP as a critical tool to enhance their efficiency by integrating the various aspects of their business. Apart from manufacturers, retail store owners, distributors, and services business owners who are looking to enhance their capabilities identify ERP as an essential investment to efficiently manage the business functions and streamline their operations to address the needs of their growing business and stay competitive.
But, for Mid-Market enterprises looking for an ideal enterprise solution, finding the right ERP that suits their business needs and budget is often a hard nut to crack. In a saturated mid-market ERP software market with numerous vendors offering almost similar features and functionalities and pricing options, it becomes even tougher.
Epicor and Oracle’s NetSuite are great candidates in the tier 2 ERP segment, predominantly aimed at mid-sized businesses. Both solutions offer quite similar features making it difficult to choose the one among these.
But considering that, one of the main reasons for businesses implementing ERP systems, is to reduce the operating and overhead costs by enabling process automation, we have taken a closer look at both the solutions to determine which serves the purpose and gives more bang for your bucks. For this, we have evaluated the competencies of their features, and the ongoing additional costs for the solutions, to help you identify which is a better choice for your business.
EPICOR Vs NETSUITEDifferences In Overheads
© RheinBrücke IT Consulting GmbH - All Rights Reserved
Inventory Monitoring
“Epicor has a strong focus on cloud and a good vision for the direction of cloud technology. Its solid operational ERP solution scored highly for its ability to deliver complex manufacturing.”
“NetSuite demonstrates a history of success in cloud delivery, good administrative and operational ERP functionality in a single cloud suite, and an open and extensible platform.”
According to the Gartner 2020 report:
Both Epicor and Oracle NetSuite have been positioned as “Visionaries” in the Gartner 2020 Magic Quadrant for Cloud ERPs.
Epicor Vs NetSuiteBoth solutions provide almost similar features, with only event management as an additional feature in Epicor. Hence, you should get deeper on the level of functionality offered to decide which might be more useful for your business. Find below the comparison table on how each feature performs in the solution against each other.
Deployment OptionsOn-PremiseHostedCloud-based/SaaS
Pricing Model
For On-Premise - License based ranges between $4000 - $500,000
For Cloud-based SaaS- Subscription-based pricing starting at$175/user/month for a base system
Cloud-based/SaaS
Cost
Pricing Model:
Subscription-based licensing
Starting at $999/month for base access +$99/user/month for additional users
Features
Accounts Payable
Accounts Receivable
Fixed-Asset Management
Risk Management Information
Tax Management
Human Resource Management (HRM)
Marketing Resource Management (MRM)
Sales-Order Management
Customer Account Management
Budgeting
Pricing
Inventory Monitoring
Distribution Management
Event Management
Purchase-Order (PO) Processing
Advanced Planning System (APS)
Excellent Good
Good
Good
Good
Good
Good
Good
Good
Good
Good
Adequate
Not Present
Good
Good
Good
Excellent
Excellent
Excellent
Excellent
Excellent
Excellent
Excellent
Excellent
Excellent
Excellent
Good
Good
Good
Good
Good
Good
© RheinBrücke IT Consulting GmbH - All Rights Reserved
© RheinBrücke IT Consulting GmbH - All Rights Reserved
Who Wins?
NetSuite might look more attractive when you consider the subscription cost alone. But ERP cost should factor additional ongoing costs like customer support, subscription renewals, maintenance or upgrades required after ERP implementation, etc that may be required to keep the system running.
Based on the points discussed here, Epicor proves to be a better choice for effectively reducing your overheads considerably, owing to its deep industry-specific functionalities and lower ongoing additional costs. It gives you more value for your money allowing you to enjoy the perks and benefits of ERP implementation to the most. To leverage the Epicor capabilities for your business and add greater agility and productivity to your business, Get in touch with us! We at RheinBrücke offer Epicor ERP implementation Services and help you leverage the most from your ERP investments.
Epicor performs strongly in areas like supply chain management, inventory management, risk management and financial management with excellent support for features like Advanced Planning System, Accounts Payable, etc.
Features and Functionalities
NetSuite slightly outperforms Epicor when it comes to generic capabilities like Marketing automation and Customer relationship management.
NetSuite includes robust features that support general business needs, Epicor wins in having more industry or vertical-specific functionalities tailored to meet the specific processes of various industries in Manufacturing, Retail or Distribution.
The industry-specific functionalities in Epicor eliminate or minimize the need for any customizations saving a lot of your money and time.
Customization Cost
The out of the box functionalities of NetSuite may require intensive customization or use of add-on products via integrated partner applications, making it costly and often resulting in inflexible systems that barely gets the job done.
Epicor offers a concurrent user license model which allows you to to share the license between people working in different time zones or shifts effectively and save significantly on license cost. On the other hand, NetSuite has a named user based license model allowing only the named users to access the system.
License Cost
NetSuite’s in-house maintenance and support services are often expensive and NetSuite customers often complain about ineffective support services from the vendor as well.
Cost for maintenance and Support
Epicor allows you to get the most of your dollars with effective maintenance and support services through its comprehensive knowledge center, detailed documentation and training resources, and a 24/7 online customer support center.
RheinBrücke Middle East Infrastructure LLCPO Box: 450471Office #4701- 10, Aspin Commercial TowersShaikh Zayed Road, Dubai, UAE
+971 4 3330366
www.rheincs.com
