Oracle NetSuite ERP: Features, Pricing And Comparison With Tactic ERP & CRM

1. Human Resource Management

Oracle NetSuite ERP boasts a comprehensive HRM module or feature that is capable of handling important tasks like employee management, recruitment, payroll, timekeeping and so on. The software also helps in managing complex HR functionalities, such as tax and benefits deductions. Moreover, these functionalities can be automated saving both time and effort in an effective manner.

2. Manufacturing Management

Now, manufacturing management might not be a feature everyone needs but for businesses that are associated with manufacturing industry, it’s one of the top-most priorities and Oracle NetSuite ERP bags that chance. The manufacturing management feature of the ERP system capable of supporting product planning, production monitoring and forecasting, bills of materials, distribution planning and product tracking. The SCM feature that the ERP system has supports the manufacturing needs even further, making itself an absolutely great choice for companies associated with production.

3. Supply Chain Management (SCM)

Oracle NetSuite ERP offers a fully automated and integrated supply chain management module that is capable of supporting inventory, logistics, distribution, manufacturing processes and so on. The automation allows the users to level up the overall performance by taking care of purchase orders, transfer orders and work orders. Oracle NetSuite ERP’s SCM can also prove to be helpful in the course of setting inventory goals, simplification of distribution resource planning and so on. The users get to overview the real-time supply chain data and take better decision to enhance overall performance.  

4. Financial Management

Financial management features are one of the strongest suites of Oracle NetSuite ERP. The ERP is capable of supporting complex financial tasks that a company might have. Starting from planning, organizing and determining the best use of funds, Oracle NetSuite ERP can help the users with almost everything. This ERP system can also become a great assistant to company’s finance team offering them with the insights they need for decision making. Hence, without a doubt Oracle NetSuite ERP system is a necessary tool for financial management of an organization.

5. Accounting

Just like financial management, Accounting too is one of the most advanced features of Oracle NetSuite ERP. It allows the users to analyze financial data, manage Tax, fixed assets, reconciliation and so on. There are also functionalities like account payable, account receivable, budget and forecasting, general ledger etc. Oracle NetSuite ERP enhances accounting effectively with its smooth performing features and handling certain automated tasks saving both time and effort.

6. Automation

Automation has become one of the most prioritized features of ERP and CRM tools over the time. Given the fact that it eliminates the constant need to human involvement, saves time and offer errorless results – have made business owners reach out for automated ERP systems. Oracle NetSuite ERP is one of the most advanced automated ERP software that deliver effective results in the course of reporting, invoicing, payroll, order processing and more. Oracle NetSuite ERP can help the users achieving better performance and eventually an elevated revenue.

7. Customer Relationship Management (CRM)

CRM, customer relationship management, is not a strict addition to ERP system, but some systems, Oracle NetSuite ERP and Tactic alike, offer the users everything they might need. Hence, CRM is added. As for Oracle NetSuite ERP’s CRM feature manages customer data, their contact information, order history and status. With automation, CRM, too, become less prone to being micromanaged, enhancing customer experience as well as saving time.

8. Sales and Marketing

Oracle NetSuite ERP benefits the users by offering comprehensive sales and marketing features to complement the CRM module. The customer data is not only managed but used to make decisions and take effective steps to elevate business. The sales and marketing feature of the ERP system makes it easy for the marketing teams to drive more quality leads and execute effective marketing campaigns to drive results. Moreover, the ERP functionalities can help in managing finances and expenses according to the sales and marketing needs, making every operation smoother and much more streamlined than ever before.

9. Data Analysis

The data analysis feature of Oracle NetSuite ERP allows the users to gather important information and put those into work for the betterment of their businesses. The users can gain a range of actionable insights. These insights not only help in opening up new business opportunities but also help in optimizing company’s ongoing operations. Data analysis can also help in cost reduction, preventing scams and frauds and offer better customer service – resulting in better customer satisfaction.

10. Reporting

Oracle NetSuite ERP offers robust reporting features that provide real-time insights into business performance. Users can leverage hundreds of pre-built, customizable reports for various functions like finance, sales, inventory, and projects.

Key capabilities include the Report Builder, allowing users to tailor reports by selecting fields, applying filters, and defining layouts, even for financial statements. Dashboards are highly customizable and role-based, displaying critical KPIs, trend graphs, and report snapshots for quick, actionable information. Saved Searches offer flexible data extraction and analysis, while SuiteAnalytics Workbook provides advanced capabilities for creating interactive charts and pivot tables, empowering users to perform deep dives into data without relying on IT.

11. Tracking and Visibility

Oracle NetSuite ERP's Tracking and Visibility features provide businesses with an end-to-end, real-time view of their operations, significantly enhancing supply chain management and overall decision-making. Through integrated modules like Inventory Management, Order Management, and Warehouse Management, NetSuite offers precise tracking of goods from procurement to delivery.

Users gain insights into inventory levels across multiple locations, monitor order status from placement to fulfilment, and track shipments with real-time updates. This comprehensive visibility helps prevent stockouts, optimizes replenishment, and improves supplier coordination. Customizable dashboards and reporting tools further empower businesses to analyse key metrics, identify bottlenecks, and make data-driven decisions, ultimately leading to increased efficiency, reduced costs, and enhanced customer satisfaction.

12. Integration

Oracle NetSuite ERP boasts robust integration capabilities, central to its role as a unified business management suite. It facilitates seamless data flow and process automation across diverse applications, eliminating data silos and enhancing operational efficiency.

Key integration methods include SuiteTalk (SOAP and REST web services), SuiteScript for custom logic, and CSV imports for bulk data. These tools enable connectivity with various third-party systems like CRM, e-commerce platforms (Shopify, Magento), payment processors, HR software, and more. NetSuite's integration features ensure real-time data synchronization, improved data accuracy, and enhanced reporting, providing a 360-degree view of the business and enabling informed decision-making. Its flexibility and scalability make it adaptable for businesses of all sizes and industries.

Pros and Cons of Oracle NetSuite ERP

Hence, just like every other system, Oracle NetSuite ERP have both positive and negative sides attached to it. There might be companies to whom Oracle NetSuite ERP is just what they need while others might not be helped as expected.

Now it’s time to discuss our second ERP system, Tactic ERP & CRM. So, without wasting anymore time, let’s get into it.

Introduction to Tactic ERP & CRM

Tactic ERP & CRM is an all-in-one cloud-based solution designed to streamline and centralize various business processes for organizations of all sizes, from large corporations to small businesses and even freelancers. It integrates Enterprise Resource Planning (ERP) and Customer Relationship Management (CRM) functionalities into a single, cohesive platform.

Tactic, with 77+ modules, aims to provide comprehensive control and visibility across an enterprise. Its ERP modules manage back-end operations like financial management, human resources, project management, product, and service management. Simultaneously, its CRM capabilities focus on front-end customer interactions, including sales management, lead tracking, contact management, and customer service. By unifying these critical areas, Tactic eliminates data silos, reduces manual efforts, and offers a single source of truth, enabling businesses to make more informed decisions, enhance efficiency, and foster stronger customer relationships.

Core features of Tactic ERP & CRM

Tactic ERP & CRM offers a plethora of services all contained under it’s seven core features. There’s almost everything a company might be in need of – be it a startup or a large corporation. The core features are a juncture of some of the most advanced modules you can ever find in an ERP & CRM system. For in-depth knowledge of the features let's get into detailed explanation.

Human Resource Management

Tactic ERP & CRM’s human resource management is one of its strongest suites. This comprehensive feature allows the users to add employees as well as external members by providing them with limited access and permissions. The leave request management module allows the users to track and calculate the remaining leaves of the employees. Different types of leave can also be added, ensuring each employee has the correct leave balance. Expense reports module tracks employee expenses and recruitment module manages everything – starting from job posting to onboarding, making this HRM one of the most advanced features to exist in any ERP system.

Customer Relationship Management

Although, ERP systems usually do not have in-built CRM features, just like Oracle NetSuite ERP – Tactic ERP & CRM boasts CRM functionalities with tons of helpful modules. Third party module manages data related to customers, prospects and vendors. They can be categorized and labelled based on their status. Quotations or commercial proposal module helps in managing all the proposals, leads and opportunities in one place. Sales order and shipment modules do what the titles say exactly. Contract module is for managing contracts effectively and errorless. There is also intervention, tickets, knowledge management and partnership management modules listed under CRM of Tactic ERP & CRM.  

Vendor Relationship Management

The vendor relationship management of Tactic has four modules associated with it. The vendor module, vendor commercial proposal module, reception and incoterm module. The vendor management features support a decent vendor management. If your company is small and do not have a huge circle of vendors – Tactic ERP & CRM is might be what you need.

Financial Management

With a strong financial management core feature, Tactic is capable of supporting both simplified accounting and double entry accounting. This feature also supports customer and vendor invoicing, taxes, loans and donations, bank and cash management, margins, payment by debit and credit transfer – all at one place. The double entry accounting module has everything that is needed for ensure smooth accounting operations. moreover, the bank and cash module allow the users to keep a track of their profit and cash flow effectively enough.

Product Management

Next, we have product management feature – which supports both product and services. However, the feature isn’t limited to this only. There are stocks module, which manages product stocks efficiently. Product lots module supports the stock module further. There are also product variants, which allows the users to add different variants of the same products. Also, production can be managed via bills of material and manufacturing order module.

Project Management

The project management feature is rather simple. It is built with a combination of four different modules, which are project and leads module, events and agenda module, resources module and event organization module. All of the modules work in perfect tune to streamline projects, record progress and time consumption and so on. It also helps in managing leads by categorizing them with their status. Hence, it’s safe to say that project management is rather easy with Tactic ERP & CRM.

Electronic Content management

With the help of electronic content management feature, you can easily manage your website content within Tactic. This is one of the most unique features offered by Tactic ERP & CRM and it makes content management an easy task even for non-technical individuals.

Pro and Cons of Tactic ERP & CRM  

Oracle NetSuite ERP vs. Tactic ERP & CRM

Analysis and Conclusion

Both Oracle NetSuite ERP and Tactic ERP & CRM are capable of delivering what a company might need. Both of the systems have ERP and CRM functionalities in-built in them and offers a smooth performance without making the users feel too many issues. However, there are some notable differences. For one, Tactic is way more affordable than NetSuite. While the later might not be a plausible choice for start-up and other small establishments, Tactic might be just the very right choice.

Secondly, Tactic is available in both on-premises and cloud-based infrastructure while NetSuite is strictly cloud-based. Hence, Tactic is more prone to attracting a wider range of customers than NetSuite – although NetSuite is much more famous in global platform.

On the other hand, NetSuite has a stronger financial management than Tactic. Thus, companies with complex financial management requitements are more likely to opt for NetSuite than Tactic.  

So, the answer is, both of the system has its own set of positives and negatives. If you are looking for a budget option, Tactic is the one for you. And if you are looking for a system with a global customer base and a strong financial management then NetSuite is your answer. The choice is simply based on your needs and requirements.