SAP Financials On Demand Vs NetSuite Financials (Jul 2020)

SAP Financials On Demand Vs. NetSuite Financials: Which is better?

Shlomi Lavi / Jul 23, 2020

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Looking for the right Accounting & Finance solution for your business? buyers like you are primarily concerned about the real total implementation cost (TCO), full list of features, vendor reliability, user reviews, pros and cons. in this article we compare between the 2 software products:

Vendor comparison

SAP: SAP ® AG is German software corporation that makes enterprise software to manage business operations and customer relations. SAP ® is the market leader in enterprise application software. The company's best-known software products are its enterprise resource planning application (SAP ® ERP), its enterprise data warehouse solution - SAP ® Business Warehouse (SAP ® BW), SAP BusinessObjects software, and most recently, Sybase mobile products and in-memory computing appliance SAP ® HANA. SAP ® is one of the largest software companies in the world.

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 use NetSuite to run more effectively without the high costs and inefficiency of on-premise systems. By using NetSuite to automate operations, streamline processes and access real-time business information anytime, anywhere, growing businesses realize breakthrough performance improvements.

Pricing/cost comparison

The real cost of Accounting & Finance software includes the software license, subscription fees, software training cost, customization cost, required hardware, and the cost of maintenance & support and other related services. It's critical that you account for all of these costs to gain an understanding of the system's "total cost of ownership". We prepared a total cost calculator for SAP Financials On Demand TCO and NetSuite Financials total cost to help with the total cost of ownership calculation.

SAP Financials On Demand price Starting from $49 per month , on a scale between 1 to 10 SAP Financials On Demand is rated 4, which is lower than the average cost of Accounting & Finance software. NetSuite Financials price Starting from $499 per user/month , when comparing NetSuite Financials to their competitors, the software is rated 2 - much lower than the average Accounting & Finance software cost.

Bottom line: SAP Financials On Demand is more expensive than NetSuite Financials.

Features and functionality

As with any business software solutions, it’s important to consider the features & functionality. The tool should support the processes, workflows, reports and needs that matter to your team. To help you evaluate this, we've compared SAP Financials On Demand Vs. NetSuite Financials based on some of the most important and required Accounting & Finance features.
SAP Financials On Demand: Cash Flow, Cash flow/cash budget, Real Time Comparisons, ..
NetSuite Financials list of features include the following: Accounts Payable, Audit Trail, Billing & Invoicing, Budgeting & Forecasting, Cash Flow, .

Target customer size

Financials OnDemand has been designed to target medium and large businesses and is primarily focused on the Finance departments in these organizations. Netsuite Financials is ideal for businesses of all sizes and has catered to the needs of hundreds of companies.