Key Reasons to Move from Epicor to NetSuite

April 21, 2023
Jhansi Rani
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Published On April 21, 2023

ERP systems are essential to the success of modern businesses as they provide an integrated platform to manage various business processes such as finance, inventory, supply chain, and customer relationships. Two popular ERP solutions in the market are Epicor and NetSuite. Epicor has been a well-known name in the ERP space for decades, while Oracle NetSuite ERP Software has emerged as a leading cloud-based ERP system in recent years. Let us explore why businesses should consider moving from Epicor to NetSuite. Whether you are a small to midsize business or a large enterprise, this article will explain why NetSuite may be the better choice for your ERP needs.

Cloud-Based Architecture

NetSuite is a fully cloud-based ERP system, meaning users can access the system from anywhere with an internet connection. It is more scalable and can quickly grow or shrink with a business’s needs. In contrast, on-premise systems like Epicor require purchasing and installing new hardware as a business grows, which can be costly and time-consuming. NetSuite also requires less investment in IT infrastructure. Businesses must purchase and maintain hardware, servers, and other IT infrastructure with on-premise systems like Epicor. This can be expensive, especially for small to mid-sized businesses that may need more money or resources. With NetSuite, on the other hand, these costs are handled by the vendor, freeing businesses from the burden of maintaining their IT infrastructure.

Comprehensive Functionality

Oracle NetSuite ERP Software offers many features, including financial management, inventory management, supply chain management, CRM, and e-commerce. This makes it a one-stop shop for businesses looking for an all-in-one solution. Epicor also offers many similar features but may require third-party integrations to achieve the same level of functionality as NetSuite. These integrations can be time-consuming and costly to implement and may offer a different level of seamless integration than a fully integrated solution like NetSuite.

Real-Time Analytics

NetSuite’s real-time reporting and analytics capabilities allow businesses to gain insights into their operations and make informed decisions quickly. With Oracle NetSuite ERP software, users can create dashboards, reports, and KPIs to monitor business performance. This provides a real-time view of crucial KPIs, allowing quick adjustments or interventions to be made as needed. Epicor’s reporting capabilities may be less advanced and require manual data analysis or additional software to provide the same visibility and insight.

Faster Implementation

NetSuite’s cloud-based architecture and comprehensive functionality make it easier to implement and deploy than Epicor. Cloud-based systems generally require less hardware and infrastructure setup, meaning businesses can get up and running faster. Additionally, NetSuite’s comprehensive functionality means businesses may not need additional software or integrations to get the functionality they need, further streamlining the implementation process. It can benefit businesses that need to get up and running quickly or those with limited IT resources.

User-Friendly Interface

NetSuite’s interface is designed to be intuitive and easy to use, which can reduce training costs and increase user adoption. With a straightforward and user-friendly interface, users can quickly learn to navigate and utilize the system effectively. In contrast, Epicor may have a steeper learning curve for new users, which can increase training costs and reduce user adoption rates. Additionally, NetSuite’s user-friendly interface can reduce the likelihood of user error and increase productivity by making it easier for users to find and complete tasks.

Comparing Epicor vs. NetSuite Pricing

The pricing structures for Epicor and NetSuite ERP accounting software can vary depending on the business size, the specific modules needed, and the deployment model. However, there are some key differences.

Epicor pricing tends to be more complex and variable than NetSuite pricing. Epicor offers a range of pricing models, including perpetual licensing, subscription-based licensing, and consumption-based pricing. These pricing models can have different upfront costs, ongoing fees, and feature sets, making comparing pricing across different software versions difficult.

Oracle NetSuite ERP software, on the other hand, uses a subscription-based pricing model that is generally more straightforward and transparent. NetSuite pricing is based on the number of users, the modules needed, and the deployment model (single vs. multi-entity). This includes ongoing updates, maintenance, and support, which can be a significant advantage for businesses that want to avoid unexpected costs and maintain their ERP system in the long run.

Another difference is the customization and support levels included. Epicor may require additional fees for customization, implementation, and support services, while NetSuite ERP accounting software typically consists of these services in its subscription-based pricing.

Conclusion

There are several compelling reasons businesses may want to consider moving from Epicor to Oracle NetSuite ERP software. NetSuite’s cloud-based platform offers many advantages over Epicor’s on-premise solution, including improved accessibility, flexibility, and scalability. NetSuite also provides a more comprehensive suite of features and functionalities, including advanced financial management, CRM, and e-commerce capabilities, all included in the subscription-based pricing. Additionally, NetSuite’s pricing structure is generally more straightforward and transparent than Epicor’s, which can help businesses avoid unexpected costs and plan for the long term.

By carefully considering these factors and consulting with experienced NetSuite solution providers, businesses can decide whether NetSuite is the right ERP solution for their needs. Choosing the right NetSuite solution provider is crucial for any business upgrading or implementing NetSuite. Key considerations include the provider’s experience and expertise with businesses of similar size and industry, customization services and ongoing support, available training and resources, reputation and references, and pricing and value. By conducting due diligence and evaluating these factors, businesses can select a provider that is a good fit for their needs.