NetSuite ERP vs. Paychex

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
NetSuite ERP
Score 8.1 out of 10
N/A
NetSuite is a suite of ERP and accounting modules which is sold in various editions aimed at different size customers. The multi-country, multi-currency version is an additional module called OneWorld. Netsuite is a SaaS system and is not offered in an on-premise edition.N/A
Paychex
Score 6.9 out of 10
N/A
Paychex Flex, of Paychex' Online Payroll Services, is a cloud-based human resource management and payroll platform. Paychex offers core and specialized services, and scales to meet the needs of small businesses, SMBs, and large enterprises.N/A
Pricing
NetSuite ERPPaychex
Editions & Modules
No answers on this topic
Paychex Flex Pro
Custom Pricing
per month/+$4 per employee
HR Pro
Custom Pricing
HR PEO
Custom Pricing
Paychex Flex Select
Custom Pricing
Paychex Flex Enterprise
Custom Pricing
Offerings
Pricing Offerings
NetSuite ERPPaychex
Free Trial
NoNo
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
NoNo
Entry-level Setup FeeNo setup feeRequired
Additional DetailsUsers subscribe to NetSuite for an annual license fee. The license is made up of three main components: core platform, optional modules and the number of users. There is also a one-time implementation fee for initial setup. New modules and users and can be added as a business grows.
More Pricing Information
Community Pulse
NetSuite ERPPaychex
Features
NetSuite ERPPaychex
Payroll Management
Comparison of Payroll Management features of Product A and Product B
NetSuite ERP
1.1
15 Ratings
148% below category average
Paychex
7.7
313 Ratings
5% below category average
Pay calculation1.013 Ratings8.0295 Ratings
Benefit plan administration1.010 Ratings6.9174 Ratings
Direct deposit files1.39 Ratings8.3294 Ratings
Off-cycle/On-Demand payment00 Ratings7.1153 Ratings
Salary revision and increment management00 Ratings8.0209 Ratings
Reimbursement management00 Ratings7.7118 Ratings
Customization
Comparison of Customization features of Product A and Product B
NetSuite ERP
9.2
74 Ratings
21% above category average
Paychex
-
Ratings
API for custom integration9.264 Ratings00 Ratings
Plug-ins9.947 Ratings00 Ratings
Security
Comparison of Security features of Product A and Product B
NetSuite ERP
9.7
81 Ratings
15% above category average
Paychex
-
Ratings
Single sign-on capability9.762 Ratings00 Ratings
Role-based user permissions9.880 Ratings00 Ratings
Reporting & Analytics
Comparison of Reporting & Analytics features of Product A and Product B
NetSuite ERP
9.9
72 Ratings
30% above category average
Paychex
-
Ratings
Dashboards9.971 Ratings00 Ratings
Standard reports9.970 Ratings00 Ratings
Custom reports9.970 Ratings00 Ratings
General Ledger and Configurable Accounting
Comparison of General Ledger and Configurable Accounting features of Product A and Product B
NetSuite ERP
7.9
319 Ratings
3% above category average
Paychex
-
Ratings
Accounts payable8.3313 Ratings00 Ratings
Accounts receivable8.4289 Ratings00 Ratings
Global Financial Support9.926 Ratings00 Ratings
Primary and Secondary Ledgers9.928 Ratings00 Ratings
Journals and Reconciliations9.341 Ratings00 Ratings
Configurable Accounting9.935 Ratings00 Ratings
Standardized Processes9.937 Ratings00 Ratings
Inventory Management
Comparison of Inventory Management features of Product A and Product B
NetSuite ERP
9.1
48 Ratings
14% above category average
Paychex
-
Ratings
Inventory tracking10.047 Ratings00 Ratings
Automatic reordering8.928 Ratings00 Ratings
Location management9.635 Ratings00 Ratings
Order Management
Comparison of Order Management features of Product A and Product B
NetSuite ERP
9.4
257 Ratings
18% above category average
Paychex
-
Ratings
Pricing9.953 Ratings00 Ratings
Order entry7.9253 Ratings00 Ratings
Credit card processing8.937 Ratings00 Ratings
Cost of goods sold9.548 Ratings00 Ratings
Order Orchestration9.921 Ratings00 Ratings
Subledger and Financial Process
Comparison of Subledger and Financial Process features of Product A and Product B
NetSuite ERP
7.9
255 Ratings
6% above category average
Paychex
-
Ratings
Billing Management8.5244 Ratings00 Ratings
Cash and Asset Management9.927 Ratings00 Ratings
Travel & Expense Management9.831 Ratings00 Ratings
Budgetary Control & Encumbrance Accounting8.927 Ratings00 Ratings
Period Close9.935 Ratings00 Ratings
Project Financial Management
Comparison of Project Financial Management features of Product A and Product B
NetSuite ERP
6.6
32 Ratings
14% below category average
Paychex
-
Ratings
Budgeting and Forecasting6.026 Ratings00 Ratings
Project Costing6.023 Ratings00 Ratings
Cost Capture6.022 Ratings00 Ratings
Capital Project Management4.014 Ratings00 Ratings
Customer Contract Compliance9.913 Ratings00 Ratings
Project Revenue Recognition6.922 Ratings00 Ratings
Project Execution Management
Comparison of Project Execution Management features of Product A and Product B
NetSuite ERP
4.1
17 Ratings
52% below category average
Paychex
-
Ratings
Project Planning and Scheduling8.914 Ratings00 Ratings
Task Insight for Project Managers3.311 Ratings00 Ratings
Project Mobile Functionality3.010 Ratings00 Ratings
Definable Resource Pools3.68 Ratings00 Ratings
Grants Management
Comparison of Grants Management features of Product A and Product B
NetSuite ERP
3.1
12 Ratings
82% below category average
Paychex
-
Ratings
Award Lifecycle Management3.57 Ratings00 Ratings
Procurement
Comparison of Procurement features of Product A and Product B
NetSuite ERP
3.3
19 Ratings
72% below category average
Paychex
-
Ratings
Bids Analyzed and Compared3.58 Ratings00 Ratings
Contract Authoring1.910 Ratings00 Ratings
Contract Repository3.58 Ratings00 Ratings
Requisitions-to-Purchase Orders Integrated3.613 Ratings00 Ratings
Supplier Management9.913 Ratings00 Ratings
Risk Management
Comparison of Risk Management features of Product A and Product B
NetSuite ERP
3.1
11 Ratings
72% below category average
Paychex
-
Ratings
Risk Repository3.58 Ratings00 Ratings
Control Management1.911 Ratings00 Ratings
Control Efficiency Assessments3.57 Ratings00 Ratings
Issue Detection3.58 Ratings00 Ratings
Remediation and Certification3.58 Ratings00 Ratings
Logistics
Comparison of Logistics features of Product A and Product B
NetSuite ERP
3.1
17 Ratings
76% below category average
Paychex
-
Ratings
Transportation Planning and Optimization2.89 Ratings00 Ratings
Transportation Execution Management2.88 Ratings00 Ratings
Trade and Customs Management2.88 Ratings00 Ratings
Fulfillment Management9.914 Ratings00 Ratings
Warehouse Workforce Management2.511 Ratings00 Ratings
Manufacturing
Comparison of Manufacturing features of Product A and Product B
NetSuite ERP
9.4
16 Ratings
24% above category average
Paychex
-
Ratings
Production Process Design8.912 Ratings00 Ratings
Production Management8.914 Ratings00 Ratings
Configuration Management9.910 Ratings00 Ratings
Work Execution9.912 Ratings00 Ratings
Manufacturing Costs8.914 Ratings00 Ratings
Supply Chain
Comparison of Supply Chain features of Product A and Product B
NetSuite ERP
8.4
173 Ratings
16% above category average
Paychex
-
Ratings
Forecasting8.817 Ratings00 Ratings
Inventory Planning7.7170 Ratings00 Ratings
Performance Monitoring8.914 Ratings00 Ratings
Product Lifecycle Management
Comparison of Product Lifecycle Management features of Product A and Product B
NetSuite ERP
3.9
13 Ratings
60% below category average
Paychex
-
Ratings
Proposal Management2.610 Ratings00 Ratings
Product Master Data Management3.29 Ratings00 Ratings
Human Resource Management
Comparison of Human Resource Management features of Product A and Product B
NetSuite ERP
-
Ratings
Paychex
6.7
272 Ratings
19% below category average
Employee demographic data00 Ratings7.8219 Ratings
Employment history00 Ratings8.1242 Ratings
Job profiles and administration00 Ratings7.8177 Ratings
Workflow for transfers, promotions, pay raises, etc.00 Ratings7.8172 Ratings
Organizational charting00 Ratings1.01 Ratings
Organization and location management00 Ratings7.5158 Ratings
Compliance data (COBRA, OSHA, etc.)00 Ratings6.7146 Ratings
Leave and Attendance Management
Comparison of Leave and Attendance Management features of Product A and Product B
NetSuite ERP
-
Ratings
Paychex
7.3
159 Ratings
11% below category average
Approval workflow00 Ratings7.3113 Ratings
Balance details00 Ratings7.5151 Ratings
Annual carry-forward and encashment00 Ratings7.0119 Ratings
Employee Self Service
Comparison of Employee Self Service features of Product A and Product B
NetSuite ERP
-
Ratings
Paychex
7.8
270 Ratings
5% below category average
View and generate pay and benefit information00 Ratings7.8248 Ratings
Update personal information00 Ratings7.9260 Ratings
View company policy documentation00 Ratings7.7121 Ratings
View job history00 Ratings7.9184 Ratings
Asset Management
Comparison of Asset Management features of Product A and Product B
NetSuite ERP
-
Ratings
Paychex
4.9
43 Ratings
49% below category average
Tracking of all physical assets00 Ratings4.943 Ratings
HR Reporting
Comparison of HR Reporting features of Product A and Product B
NetSuite ERP
-
Ratings
Paychex
5.9
177 Ratings
24% below category average
Report builder00 Ratings6.3147 Ratings
Pre-built reports00 Ratings6.3165 Ratings
Ability to combine HR data with external data00 Ratings5.191 Ratings
Onboarding
Comparison of Onboarding features of Product A and Product B
NetSuite ERP
-
Ratings
Paychex
6.4
173 Ratings
22% below category average
New hire portal00 Ratings6.7165 Ratings
Manager tracking tools00 Ratings6.1109 Ratings
Recruiting / ATS
Comparison of Recruiting / ATS features of Product A and Product B
NetSuite ERP
-
Ratings
Paychex
5.2
70 Ratings
40% below category average
Job Requisition Management00 Ratings5.536 Ratings
Company Website Posting00 Ratings5.234 Ratings
Publish to Social Media00 Ratings4.728 Ratings
Job Search Site Posting00 Ratings5.235 Ratings
Duplicate Candidate Prevention00 Ratings4.734 Ratings
Applicant Tracking00 Ratings4.839 Ratings
Notifications and Alerts00 Ratings5.964 Ratings
Best Alternatives
NetSuite ERPPaychex
Small Businesses
Zoho One
Zoho One
Score 9.3 out of 10
Dayforce Powerpay
Dayforce Powerpay
Score 9.3 out of 10
Medium-sized Companies
Infor VISUAL
Infor VISUAL
Score 7.4 out of 10
Paypro Workforce Management
Paypro Workforce Management
Score 9.1 out of 10
Enterprises
24SevenOffice
24SevenOffice
Score 9.0 out of 10
PeopleStrong
PeopleStrong
Score 10.0 out of 10
All AlternativesView all alternativesView all alternatives
User Ratings
NetSuite ERPPaychex
Likelihood to Recommend
8.5
(410 ratings)
6.2
(321 ratings)
Likelihood to Renew
8.4
(50 ratings)
1.2
(44 ratings)
Usability
7.9
(272 ratings)
6.7
(264 ratings)
Availability
9.0
(16 ratings)
5.6
(12 ratings)
Performance
8.0
(15 ratings)
7.1
(12 ratings)
Support Rating
5.8
(217 ratings)
6.2
(264 ratings)
In-Person Training
7.3
(2 ratings)
4.5
(1 ratings)
Online Training
6.4
(10 ratings)
8.3
(4 ratings)
Implementation Rating
5.4
(17 ratings)
5.3
(13 ratings)
Configurability
8.7
(5 ratings)
5.0
(9 ratings)
Ease of integration
7.3
(3 ratings)
9.1
(3 ratings)
Product Scalability
9.0
(8 ratings)
6.0
(12 ratings)
Vendor post-sale
4.8
(2 ratings)
2.2
(33 ratings)
Vendor pre-sale
5.0
(1 ratings)
3.2
(34 ratings)
User Testimonials
NetSuite ERPPaychex
Likelihood to Recommend
NetSuite
It is suited well for its scalability and offerings of options as you need them. Auditing Where lesser ERPs require multiple 3rd party connections to get certain functionality, NetSuite ERP offers it as part of the core already or as an advanced feature you can opt into. It is still a part of the NetSuite environment and managed by NetSuite.
Read full review
Paychex Inc.
Paychex is great option for smaller employers as the site offers perk benefits to employees at no cost to the employer. I don't see anything like this being offered at competitors such as ADP RUN/Total Source, Bamboo, Trinet, Justworks or Gusto. Also, the initial set up is relatively easy and the dedicated support for set up is great along with our regular dedicated payroll support.
Read full review
Pros
NetSuite
  • Tracks fixed assets and debt activity for month end rollforwards.
  • Creates a solid audit trail and supporting documentation path for anyone to follow, internally or externally (auditor).
  • Maintains reporting structure and workflow processes for better implementation as training or process improvement/overhaul.
Read full review
Paychex Inc.
  • It provides a well account of Retirement Plan Account Information.
  • Alerts are sent to email when there is new information to access.
  • Employee access both online and thru app.
  • Paperless options.
  • Easy and quick access to paystubs and tax forms.
  • Easy employee retirement management.
Read full review
Cons
NetSuite
  • I have found it to be a bit slow sometimes when saving.
  • I am not sure if this is Chase Bank or NetSuite, but a direct link to upload bank transactions or credit card transactions would be nice.
  • This is too hard, bc Netsuite works really well.
Read full review
Paychex Inc.
  • I understand logging you out is a security function, but I'd prefer it not to log you out so soon.
  • The training we received for the team's meeting was subpar, in my opinion. Probably better geared for people with little to no computer experience. Very slow pace; we could have easily received all of this from some tutorials in a few minutes.
Read full review
Likelihood to Renew
NetSuite
NetSuite is able to cover all of our needs, spanning multiple departments and managerial levels. We use it daily for a multitude of functions, including creating promotions, estimating inventory, pulling historical reports, forecasting sales, and more. Overall, we're very satisfied with NetSuite as an ERP solution and recommend it to medium to large businesses.
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Paychex Inc.
Overall I like the features that Paychex Flex offers. I am sure that there are other features that I am unaware of, so I am excited to see if there is more that Flex is capable of to make my job easier. The basic features are really user friendly and easy to access. If there ever is an issue customer service is great
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Usability
NetSuite
NetSuite is a cloud tool, and is easy to implement for mid-sized organizations. It comes with standard forms/ printing layouts, and financial reporting (both summary and detailed), which are very handy for business users. In addition to these, with 99.99% service availability, NetSuite makes it one of the most reliable ERP tools available on the market.
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Paychex Inc.
Employee usability is very good and user-friendly. For the most part, the employer usability is good, but for complicated rules and policies, it requires technical assistance, which in our case, was clunky and slow in implementation. Once is place, everything works as it should
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Reliability and Availability
NetSuite
It has been very reliable. I can only think of 1-2 times in 4.5 years that we have had issues getting in, and in each case were able to get back in within 1 hour. There has not been a major downtime
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Paychex Inc.
We have not experienced any difficulties with unplanned outages. Notifications are always made for outages, and they do not effect normal business operations.
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Performance
NetSuite
Most of the time the performance is very good. Pages load in a few seconds; financial reports take less than 5 seconds; basic searches take a few seconds. But performance can be sporadic throughout the day and cause the run time to triple.
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Paychex Inc.
Unless there is lag time within the internet, the Paychex Flex website loads exceptional fast, pages load quickly and reports that I need to print or download load quickly. If I need to create a specialized report, once I complete it I receive an e-mail telling me my report is ready to be downloaded. Changing between web pages is fast as well.
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Support Rating
NetSuite
I would like to give 8 rating for NetSuite support and reason for that is below: Whenever we faced any technical or functional issues we tried to reach out to NEtSuite support but response was not immediate. We told them about the urgency of the issue but still we were not getting response on time. Then, we have to reach out to AE to get things resolved.
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Paychex Inc.
Chat has been helpful but the person I chat with isn't always able to help me with my questions. Phone support is ok, depending on your payroll specialist. We have a great one currently, but the few before that were never available and did not return calls.
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In-Person Training
NetSuite
I had in person training for a day when first got the software. The training was good. The challenge was that there was a large gap between training and when we went live so we forgot quite a lot
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Paychex Inc.
We did online training only
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Online Training
NetSuite
Online training is quite strong. I have used for specific pieces of functionality.However it is not sufficient in all areas.
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Paychex Inc.
It was easy to understand and follow along. I do like the informational videos that we can utilize before we opt to call in for customer service support. It has made a difference since sometimes that resolves the issue I may have had and saved myself a phone call to Paychex support.
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Implementation Rating
NetSuite
I felt NetSuite Professional Services did an excellent job of guiding us in the implementation. I also felt our internal teams were a little resistant to the change and engagement of new software. Had we performed better engaging and buying into the new software, I would be able to rate the implementation better. Therefore, the lower number should not be viewed as a deficiency with the software or the professional services teams, but as an reminder of how important complete buy-in from the local users is.
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Paychex Inc.
Implementation was very smooth. The most cumbersome task was entering the current employees into the system during initial set up, but Paychex staff handled most of that and verified against prior system reports as well as internal reports provided to ensure 100% accuracy.
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Alternatives Considered
NetSuite
Advanced features that Netsuite had. Easy integration with other financial and CRM systems. Implementation and governance can be easy handled. Easy to maintain and support. Handles very high volume of data. More new features are in pipeline. As it is used across many company and around the globe, it has good community, so no resource constraint.
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Paychex Inc.
We still use QB Desktop Pro to maintain a Check Register / Overall Balance for the company, but once having tried QB Payroll Online for about 3 months prior to finding Paychex Flex I can tell you that there's just no comparison. QB online is VERY EXPENSIVE and not so user-friendly. I hated every minute of those 6 payrolls we ran through QB online.
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Scalability
NetSuite
We have been able to scale our business 25X without any major overhaul with Netsuite. Its dashboard setup makes onboarding new employees very easy and allows data to be shared across multiple offices. Its cloud setup does not put any pressure on IT to scale servers or other infrastructure. We have been able to become much more efficient in all aspects of the business.
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Paychex Inc.
I generally do payroll at the office, however I have had to go remote due to internet issues and also had to take payroll on vacation with me. Very easy to log in wherever you are and manage your TAA and payroll
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Return on Investment
NetSuite
  • NetSuite software has improved our process controls and enhanced cash management, especially in huge projects.
  • The software has helped us with budgeting, forecasting, and real-time financial reporting.
  • Introduction of NetSuite ERP into our organisation has completely changed the way we do things by enhancing compliance, ensuring real-time project milestone tracking, and enabling portfolio management.
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Paychex Inc.
  • With Paychex Flex we have been able to improve our compliance with required documentation for new/rehires
  • Moving everyone to direct deposit and mobile clock in/out eliminated lines at punching stations and paycheck pickup stations
  • Lost checks is a thing of the past
Read full review
ScreenShots

NetSuite ERP Screenshots

Screenshot of one view into the most critical business processes.Screenshot of Netsuite's mobile-friendly design

Paychex Screenshots

Screenshot of Paychex Payroll DashboardScreenshot of Employee Background ChecksScreenshot of Paychex HR DashboardScreenshot of Paychex Flex Perks