Top 5 NetSuite Competitors: What Is the Best Alternative?

Are you in search of a better Netsuite alternative better suited to your business needs? Whether you’re seeking affordability, reliability, or ease of use, we’ve got you covered. 

We’ve conducted in-depth research to identify the leading players in the HR software landscape as compared to Netsuite.

You’ll gain insights into each company, their pricing structures, features, and other critical factors to assist you in making the most informed decision.

What Is NetSuite?

Netsuite is a robust cloud-based HR and payroll software platform that has been carefully crafted to meet the needs of businesses of all sizes. 

It offers a rich spectrum of features, including 

• HR Administration
• Payroll
• Performance Management
• Workforce Management
• Workforce Engagement
• Workforce Planning
• Analytics

Netsuite empowers businesses to efficiently manage their HR functions. 

NetSuite’s SuitePeople human resource management platform serves as a comprehensive solution to centralize all your HR requirements within a single, user-friendly interface. Its primary objective is to streamline HR processes, ultimately reducing costs and enhancing the overall efficiency of your HR team.

How Much Does Netsuite Cost?

We can’t provide exact numbers because Oracle NetSuite’s HR software pricing is customized and based on individual quotes.

Their annual license fee consists of three main parts including the core platform, optional modules, and number of users. 

According to our research, NetSuite is one of the more complex and expensive solutions. One-time fees for implementation and training can be also included. 

Let’s take a look at some more straightforward and affordable NetSuite competitors. 

Best NetSuite Competitors

1. Sloneek

Sloneek is number one on our list because of its transparent and simple pricing, wide range of HR features, and great customer support. 

Just take a look at the customer reviews on G2.com where Sloneek reached the impressive score of 4.8 stars out of 5 stars. 

Sloneek is an outstanding NetSuite competitor that is a powerful all-in-one HR solution with features like:

• Employee records
• Documents & e-sign
• Asset management
• Engagement
• Organisational chart
• HR automation
• Whistleblowing
• Holding structure

Other categories of features are: 

• Time management: Time tracking, Timesheets, Absence management, Attendance system, Clients and projects, Remote work
• Performance management: Employee performance, Skill management, Goals & OKR tracking
• People analytics
• Hiring & onboarding: Recruiting (ATS)
• Payroll & Finance

Now let’s move to the best part. 

Pricing

Sloneek’s pricing is transparent and simple, eliminating the need for negotiations or requesting quotes.

Compared to the complicated NetSuite pricing model, which requires you to contact their sales team for any estimates, Sloneek offers three straightforward pricing plans – Essential, Professional, and Enterprise. 

The Essential plan starts at $4 / per month / per user and the Professional plan starts at $6 / per month per / user. If you still need a quote tailored to your company’s needs, there’s the Enterprise plan waiting for you.

✅PROS	❌CONS
Affordable prices with live demo and 2-week trial	Solely HR-related features
Entire recruitment covered in one system	Room for improvement
Great support
Fast deployment process

2. Salesforce

Salesforce is another comprehensive and complex solution that’s been around for years, and even though it primarily focuses on the sales department, it contains multiple platforms including the HR solution. 

It’s a commonly used NetSuite competitor, that is a bit more complicated and expensive than our previous contestant, Sloneek. 

Salesforce is more of an ERP solution, in some cases even integrated with NetSuite. 

One significant drawback of this competitor is the necessity to assemble your solution from various individual products they offer. For instance, Salesforce Lightning should serve as an excellent starting point for HR departments.

Pricing

Probably not final, the price for the right HR Salesforce platform starts at $25 / per user / per month, and if you wish to extend to every employee and department, it’s $ 100 / per user / per month. 

✅PROS	❌CONS
Complex solution for more departments	ERP functions can be expensive
Integration with NetSuite	Complicated and expensive pricing
	Hard to navigate

3. Sage Intacct

Intacct was acquired by Sage and has been around for many years, which can have its pros and cons.

It’s more suitable for small to medium-sized businesses and is best to cover your accounting needs. 

If you’re seeking to harness industry-specific expertise and leverage best practices, you’ll likely come across this NetSuite competitor.

Pricing

While the license for Sage Intacct is reported to be lower than NetSuite, some customers encounter challenges when scaling this solution to their business. 

It may not be easily scalable to the enterprise level, so if you’re planning to expand, you could encounter issues in the future.

You’d also have to request a custom quote, but based on our research, it often amounts to thousands of dollars per year.

✅PROS	❌CONS
Industry-specific expertise	Limited scalability
	Limited customization

4. QuickBooks

Another frequently chosen financial management solution, QuickBooks, is often employed as an alternative to NetSuite.

It’s specifically tailored to meet the requirements of small businesses and startups, offering features such as payroll, sales, inventory, and more. It’s also an ideal choice for industry-specific companies, including manufacturing, wholesale, retailers, and non-profit organizations.

Pricing

QuickBooks offers transparent pricing on its website divided into three basic plans – Simple Start, Essentials, and Plus. 

The Simple Start plan is priced at $8.5 per month, providing access for one user and one accountant, primarily focusing on financial needs. The Essentials plan, starting at $12.5 per month, includes additional HR features and accommodates three users. For larger teams, the Plus plan, priced at $17.5 per month, is designed for up to five users.

✅PROS	❌CONS
Transparent pricing	Requires installation
	Limited user access

5. Epicor

Epicor is a typical cloud-based EPR solution that was mainly developed for manufacturing businesses. 

Even though often considered as a solid NetSuite alternative, it mainly helps companies with following up on leads and collecting business data. But it’s a very robust solution with CRM, PSA, marketing automation, and more. 

Pricing

The pricing is custom and scalable, also requiring custom quotes. According to Capterra, the plans start at $349 per month.

✅PROS	❌CONS
Scalable solution	No free trial
	Limited features

 

Final Thoughts

So who’s the best NetSuite competitor? 

The best cost-effective advanced HR tool for teams of 10+ employees – Sloneek

The best solution for sales-focused companies – Salesforce

The best accounting-focused solution for small to medium companies – Sage Intacct

The best financial tool with transparent pricing – QuickBooks

The best solution for manufacturing businesses – Epicor

We hope this guide has helped you choose the right Netsuite competitor. If you want to chat more, contact our sales team!