NetSuite v Microsoft Dynamics 365 Business Central Comparison
3 min read
Accounting software allows for simple, fast data entry and retrieval, fewer human errors and the automation of many business processes. Most businesses have online accounting systems, with many opting for cloud hosting now given its easy access and added security. But now, businesses are wanting more from their accounting software and choosing the right one for your business should be a carefully thought out decision.
Here’s our verdict of when to choose NetSuite versus Microsoft Dynamics 365 Business Central, alongside a comparison of the different features, usability, reporting, integration capabilities and costs.
About NetSuite & Business Central
NetSuite
NetSuite helps businesses manage key business processes in a single system. It allows you to manage inventory, financials, e-commerce stores and a basic CRM function.
- A modular ERP solution – meaning you can bespoke your package to your businesses needs with add-ons.
- Integration – enabling staff to work from a single source of finance, sales and customer data.
- Report with accuracy – drill down into the underlying details to understand the impact to your business.
- Business information – improve business performance with some real-time metrics.
Microsoft Dynamics 365 Business Central
A single, comprehensive solution that drives predictive insights and consistent reporting and allows you to make smarter decisions faster. Microsoft Dynamics 365 Business Central provides powerful accounting and supply chain management functionality to small and medium-sized businesses.
- A complete ERP solution without different sections or modules – manage financials, sales, service, and operations in one place.
- In the cloud – you can securely access any of your data in real-time through any device with the internet; mobile, tablet and desktop.
- Powerful reporting – easy reporting on essential business operations, such as trends, profits and sales with graphs and reports.
- Full integration capabilities – create quotes, process orders and submit invoices without leaving Outlook AND access live data from Excel.
Key Features of NetSuite and Microsoft Dynamics 365 Business Central
Depending on what your business needs from your accounting software, the key features you require will vary depending on those needs. Here are some of the key features for both NetSuite and Microsoft Dynamics 365 Business Central.
Access and Usability
Invoicing
Expenses & Bills
Reporting Capabilities
Integration & Add-Ons
Pricing Comparison
when to choose NetSuite v Microsoft Dynamics 365 Business Central
Both NetSuite and Microsoft Dynamics 365 Business Central are excellent ERP systems when it comes to easily managing finances across the business and on-the-go, as well as integration with Microsoft Office 365 and managing stock and supply chain. Which one to choose ultimately comes down to whether you are seeking an ERP that can grow as you do with paid add-ons or one that comes with all the bells and whistles from the outset.
Here’s a quick summary of when to choose NetSuite versus Microsoft Dynamics 365 Business Central:
When to choose NetSuite
- You want a scalable solution where you can add functionality as the business grows
- You don’t need external access for a third-party Accountant, or you’re willing to pay for the option
- You want to integrate with Microsoft Office 365 to manage business processes
When to choose Microsoft Dynamics 365 Business Central
- You want a platform that can connects not only accounts but sales, service, finance, and operations
- You need powerful integration capabilities to streamline business process, like the option to action invoices and orders straight from Outlook
- Powerful reporting from the Dashboard, without the need to run individual reports
- Personalisation is made easy without the need to pay for bespoke development
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