Oracle’s NetSuite is well-known in the ERP world for its customization and scalability. It’s a multi-tenant ERP software supporting finance, operations, sales, service, and HR needs.

Best For:

NetSuite is best for small businesses with 10 to 50 employees, mid-market companies with 50-200 employees, and enterprises with over 10,000 employees.

Not a Good Fit For:

NetSuite isn’t great for process manufacturers since their core manufacturing module focuses more on discrete bill of materials rather than recipes and formulas. It’s also generally overkill and prohibitively expensive for smaller businesses or sole proprietors.

TallyPrime is a business management software designed for companies prioritizing growth, efficient cash flow, and enhanced efficiency. It offers features like customizable reports, quick bill management, intuitive workflow, and a flexible inventory system with multi-currency support.

Best For:

Businesses seeking insights for growth via customizable reports, entities prioritizing cash flow via quick bill management and inventory optimization, and companies working with multiple currencies.

8.3

Our Rating

based on our expert editorial analysis

7.3

USER RATING

based on 25 user reviews

Our Verdict:

We like NetSuite for its robust accounting and supply chain management capabilities. It also offers out-of-the-box functionality and a mature, cloud-native design. Additionally, NetSuite integrates with eCommerce platforms, point-of-sale apps, and more.

We don’t recommend it for startups due to its complexity. It lacks field service management and heavy manufacturing support. Implementation may require technical expertise.

Pros:

Hundreds of third-party add-ons available
Feature sets for multiple industries
Highly customizable
Advanced audit trail
Scalable, web-based ERP software system

Cons:

Must schedule a consult for pricing details
Tedious setup
Difficult to build reports
No equipment management
No field service management

Our Verdict:

TallyPrime is ideal for businesses prioritizing growth, cash flow, and efficiency. Companies can gain valuable insights and seamlessly manage tasks with its customizable reports, quick bill management, intuitive workflow, and flexible inventory system featuring multi-currency support.

However, while TallyPrime’s features cater predominantly to businesses focused on inventory optimization and financial insights, it might not fit enterprises needing niche functionalities or those seeking an overly simplistic interface.

Pros:

Comprehensive GST Support
Multi-Company Support
Check Printing Features

Cons:

Limited Invoice Formats
Runs Slower With Large Datasets
No Automatic Backup

Price Range
$ $ $ $ $
$ $ $ $ $
Starting Price $99/user/month
Client OS Web

Price Range
$ $ $ $ $
$ $ $ $ $
Starting Price $27/month
Client OS

When it comes to ERP software, two names that often come up are NetSuite ERP and TallyPrime. Our review team has had hands-on experience with both products, providing us with solid insights to share with you.

NetSuite ERP Overview

NetSuite, developed by Oracle, is well-known for its scalability and customization. It’s a comprehensive ERP tool that supports finance, operations, sales, service, and HR needs. It also offers out-of-the-box functionality and a mature, cloud-native design.

NetSuite is best for businesses of all sizes. Despite its many pros such as advanced audit trail, built-in business intelligence, high customizability, and scalability, NetSuite is not recommended for startups due to its complexity. Implementation may require technical expertise, and it lacks field service management and heavy manufacturing support.

TallyPrime Overview

TallyPrime ERP is designed for businesses prioritizing growth, efficient cash flow, and enhanced efficiency. With features like customizable reports, quick bill management, intuitive workflow, and a flexible inventory system with multi-currency support, TallyPrime is ideal for businesses focused on inventory optimization and financial insights.

While it boasts features like comprehensive GST support and multi-company support, TallyPrime might not fit enterprises needing niche functionalities or those seeking a simplistic interface. It’s worth noting that it has limited invoice formats and runs slower with large datasets.

NetSuite vs TallyPrime: Which is Better for Most Businesses?

After reviewing both products, we have concluded that NetSuite is probably a better choice for most businesses. This is due to its extensive feature sets for multiple industries, advanced audit trail, highly customizable nature, and scalability. It’s also used by over 40,000 organizations in 160+ countries, which speaks volumes about its reliability.

However, businesses that prioritize growth and have specific needs around cash flow and inventory optimization might find TallyPrime more suitable. Therefore, it’s essential to consider your specific business needs and long-term growth plans when choosing between these two ERP software.

To explore other top-rated ERP software, you can check out our roundup of the best ERP software available.

NetSuite ERP

★★★★★

(25)

Oracle’s NetSuite is well-known in the ERP world for its customization and scalability. It’s a multi-tenant ERP software supporting finance, operations, sales, service, and HR needs.

Price Range

$ $ $ $ $

Starting Price

$99/user/month

Client OS

Web

Deployment

Cloud Hosted

TallyPrime

Price Range

$ $ $ $ $

Starting Price

$27/month

Deployment

Cloud or On-Premises