Shlomi Lavi /
Jan 25, 2023
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Bottom Line: Which is Better - sourceit or NetSuite?
NetSuite is more expensive to implement (TCO) than sourceit, and NetSuite is rated higher (100/100) than sourceit (76/100). sourceit offers users more features (5) than NetSuite (0).
Looking for the right Procurement 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:
sourceit Vs. Oracle
sourceit: sourceit manages RFQs and bids in one location simply and quickly, creating a better competitive environment. sourceit project manages milestones, artwork, variations and collaborative communications better. sourceit analyses every aspect of performance intelligence making for better decisions. sourceit delivers a better way to manage and order fro...
Oracle: With more than 380,000 customers—including 100 of the Fortune 100—and with deployments across a wide variety of industries in more than 145 countries around the globe, Oracle offers an optimized and fully integrated stack of business hardware and software systems. Oracle engineers hardware and software to work together in the cloud and in your data...
Who is more expensive? sourceit or NetSuite?
The real total cost of ownership (TCO) of Procurement 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 sourceit and NetSuite.
sourceit price starts at $350 per month , On a scale between 1 to 10 sourceit is rated 2, which is much lower than the average cost of Procurement software. NetSuite price starts at $99 per user/month + $999 per month for the platform fee , When comparing NetSuite to its competitors, the software is rated 6 - similar to the average Procurement software cost.
Bottom line: NetSuite is more expensive than sourceit.
Which software includes more/better features?
We've compared sourceit Vs. NetSuite based on some of the most important and required Procurement features.
sourceit: Project Budgeting, Auction Management, Supplier Qualification, Procurement, Supplier Management.
NetSuite: We are still working to collect the list of features for NetSuite.
Target customer size
sourceit's typical customers include: Small, medium and large size businesses, and NetSuite's target customer size include: Start up, Small business, Medium business, Large business.