Compare Odoo and NetSuite Financials - Dec 2022

Shlomi LaviShlomi Lavi / Dec 28, 2022

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Bottom Line: Which is Better - Odoo or NetSuite Financials?

NetSuite Financials is more expensive to implement (TCO) than Odoo, and Odoo is rated higher (90/100) than NetSuite Financials (89/100). NetSuite Financials offers users more features (16) than Odoo (0).

Looking for the right Inventory Management solution for your business? Buyers are primarily concerned about the real total cost of implementation (TCO), the full list of features, vendor reliability, user reviews, and the pros and cons. In this article we compare between the two software products:

Odoo Vs. NetSuite

Odoo: Odoo is an open-source suite of integrated business applications actively programmed, supported, and organized by Odoo SA. Odoo is similar to many open-source projects where customized programming, support, and other services are provided by an active global community and partners network. The community is comprised of more than 1,500 active member...

NetSuite: NetSuite is the world's leading provider of cloud-based business management software. NetSuite helps companies manage core business processes with a single, fully integrated system covering ERP/financials, CRM, ecommerce, inventory and more.   More than 12,000 high-growth and midsized companies and divisions of large enterprises...

Who is more expensive? Odoo or NetSuite Financials?

The real total cost of ownership (TCO) of Inventory Management software includes the software license, subscription fees, software training, customizations, hardware (if needed), maintenance and support and other related services. When calculating the TCO, it's important to add all of these ”hidden costs” as well. We prepared a TCO (Total Cost) calculator for Odoo and NetSuite Financials.

Odoo price starts at $6 per user/month , On a scale between 1 to 10 Odoo is rated 2, which is much lower than the average cost of Inventory Management software. NetSuite Financials price starts at $499 per user/month , When comparing NetSuite Financials to its competitors, the software is rated 2 - much lower than the average Inventory Management software cost.

Bottom line: Odoo cost is around the same cost of NetSuite Financials.

Which software includes more/better features?

We've compared Odoo Vs. NetSuite Financials based on some of the most important and required Inventory Management features.

Odoo: We are still working to collect the list of features for Odoo.

NetSuite Financials: Accounts Payable, Audit Trail, Billing & Invoicing, Budgeting & Forecasting, Cash Flow.

Target customer size

Odoo's typical customers include: SMBs, Netsuite Financials is ideal for businesses of all sizes and has catered to the needs of hundreds of companies.



Odoo

ITQlick rating
(4.2/5)

starts at $6 per user/month

Odoo is a customizable fully integrated, and open-source project management software with a plethora of business applications such as manufacturing, project management, CRM, accounting, inventory and some other...

Categories: Budgeting & CPM, Data Analysis Tools, Document Management, Channel Management.

NetSuite Financials

ITQlick rating
(4.2/5)

starts at $499 per user/month

NetSuite Financials is a cloud-based accounting and eCommerce software suite designed to comply with all business sizes. It aims to streamline your accounting department through the use of a web based applicati...

Categories: Billing & Invoicing, Budgeting & CPM, Business tax, Core Accounting, Financial reporting.

Compare specifications

Compare features

Odoo: 0 Features

We are working to collect the list of features

NetSuite Financials: 16 Features

Accounts Payable
Audit Trail
Billing & Invoicing
Budgeting & Forecasting
Cash Flow
Depreciation
Fixed-Assets
Multi-Currency
Project-Accounting
Sales Reporting
Tax compliance
Time & Expense
Billing Rate Management
Corporate Card Payments
Multiple Billing Rates
Time Tracking by Project
ITQlick rating ITQlick Rating is based on the software score (below) and aggregated online reviews
ITQlick score ITQlick Score is a 1 to 100, the calculation is based on pricing, and functionality Vs. alternative solutions
Pricing score pricing Score is a 1 to 10 (10 is high cost), based on the TCO (cost of licences, customizations, training, hardware when relevant) Vs. alternative solutions
License pricing license pricing (if provided by the software vendor)
Functionality score
Software review
Compare
Odoo
ITQlick rating
4.2/5
Score
90/100
Pricing
2.6/10
License pricing
$6 per user/month
Functionality
26
Review
Compare
NetSuite...
ITQlick rating
4.2/5
Score
89/100
Pricing
3.2/10
License pricing
$499 per user/month
Functionality
41
eStockCa...
ITQlick rating
4/5
Score
92/100
Pricing
5/10
License pricing
$699 per license
Functionality
17
Toolhound
ITQlick rating
3.8/5
Score
92/100
Pricing
5.6/10
License pricing
Pricing not available
Functionality
16
SalesBinder
ITQlick rating
4/5
Score
92/100
Pricing
5.6/10
License pricing
$9 per user/month
Functionality
4

Auditor - Shlomi Lavi

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Shlomi Lavi is an entrepreneur and founder of ITQlick.com. He holds a Bachelor of Science (B.Sc.) in Information Systems Engineering from Ben Gurion University in Israel. Shlomi brings 17 years of global IT and IS management experience as a consultant and implementation expert for small, medium and large-sized (global) companies. Shlomi’s goal is to share the best knowledge and news about information systems so you can make smarter buying decisions for your business.