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, 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 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.
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.