NetSuite ERP vs. PeopleSoft Financials

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
NetSuite ERP
Score 7.8 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
PeopleSoft
Score 8.3 out of 10
N/A
PeopleSoft Financials is a client/server financial management designed for larger organizations. Features enable organisations to control, monitor, administer, and report on financial information, accounting, and project tracking.N/A
Pricing
NetSuite ERPPeopleSoft Financials
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
NetSuite ERPPeopleSoft
Free Trial
NoNo
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
NoNo
Entry-level Setup FeeNo setup feeNo setup fee
Additional DetailsUsers subscribe to NetSuite for an annual license fee. Your 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. As your business grows, you can easily activate new modules and add users.
More Pricing Information
Features
NetSuite ERPPeopleSoft Financials
Payroll Management
Comparison of Payroll Management features of Product A and Product B
NetSuite ERP
1.2
15 Ratings
144% below category average
PeopleSoft Financials
6.2
18 Ratings
17% below category average
Pay calculation1.113 Ratings6.018 Ratings
Benefit plan administration1.110 Ratings6.017 Ratings
Direct deposit files1.59 Ratings5.118 Ratings
Customization
Comparison of Customization features of Product A and Product B
NetSuite ERP
7.9
73 Ratings
8% above category average
PeopleSoft Financials
7.0
19 Ratings
4% below category average
API for custom integration6.463 Ratings7.018 Ratings
Plug-ins5.947 Ratings7.015 Ratings
Security
Comparison of Security features of Product A and Product B
NetSuite ERP
6.7
80 Ratings
21% below category average
PeopleSoft Financials
8.7
24 Ratings
5% above category average
Single sign-on capability6.661 Ratings8.220 Ratings
Role-based user permissions6.879 Ratings9.123 Ratings
Reporting & Analytics
Comparison of Reporting & Analytics features of Product A and Product B
NetSuite ERP
6.4
72 Ratings
14% below category average
PeopleSoft Financials
7.6
25 Ratings
4% above category average
Dashboards6.471 Ratings6.021 Ratings
Standard reports6.470 Ratings8.124 Ratings
Custom reports6.470 Ratings8.624 Ratings
General Ledger and Configurable Accounting
Comparison of General Ledger and Configurable Accounting features of Product A and Product B
NetSuite ERP
6.4
73 Ratings
18% below category average
PeopleSoft Financials
8.0
28 Ratings
5% above category average
Accounts payable7.469 Ratings8.125 Ratings
Accounts receivable7.468 Ratings7.724 Ratings
Global Financial Support5.926 Ratings9.016 Ratings
Primary and Secondary Ledgers6.428 Ratings8.623 Ratings
Journals and Reconciliations7.141 Ratings8.723 Ratings
Configurable Accounting6.935 Ratings8.619 Ratings
Standardized Processes6.037 Ratings7.218 Ratings
Inventory Management
Comparison of Inventory Management features of Product A and Product B
NetSuite ERP
6.4
48 Ratings
21% below category average
PeopleSoft Financials
5.5
11 Ratings
36% below category average
Inventory tracking7.347 Ratings4.010 Ratings
Automatic reordering5.928 Ratings5.09 Ratings
Location management6.835 Ratings7.810 Ratings
Order Management
Comparison of Order Management features of Product A and Product B
NetSuite ERP
5.7
63 Ratings
31% below category average
PeopleSoft Financials
7.6
8 Ratings
2% below category average
Pricing5.853 Ratings6.56 Ratings
Order entry7.259 Ratings6.57 Ratings
Credit card processing5.237 Ratings9.04 Ratings
Cost of goods sold6.148 Ratings8.53 Ratings
Order Orchestration5.721 Ratings8.53 Ratings
Subledger and Financial Process
Comparison of Subledger and Financial Process features of Product A and Product B
NetSuite ERP
5.3
45 Ratings
34% below category average
PeopleSoft Financials
7.8
24 Ratings
5% above category average
Billing Management7.335 Ratings7.817 Ratings
Revenue Recognition5.536 Ratings7.714 Ratings
Cash and Asset Management5.828 Ratings8.214 Ratings
Travel & Expense Management4.631 Ratings5.113 Ratings
Budgetary Control & Encumbrance Accounting6.027 Ratings8.713 Ratings
Period Close6.335 Ratings8.519 Ratings
Project Financial Management
Comparison of Project Financial Management features of Product A and Product B
NetSuite ERP
5.1
32 Ratings
39% below category average
PeopleSoft Financials
7.4
12 Ratings
3% below category average
Budgeting and Forecasting5.627 Ratings7.012 Ratings
Project Costing5.324 Ratings7.111 Ratings
Cost Capture5.123 Ratings7.110 Ratings
Capital Project Management4.615 Ratings8.210 Ratings
Customer Contract Compliance5.914 Ratings8.710 Ratings
Project Revenue Recognition4.723 Ratings8.210 Ratings
Project Execution Management
Comparison of Project Execution Management features of Product A and Product B
NetSuite ERP
4.0
17 Ratings
51% below category average
PeopleSoft Financials
6.7
8 Ratings
1% below category average
Project Planning and Scheduling5.514 Ratings6.87 Ratings
Task Insight for Project Managers3.711 Ratings8.66 Ratings
Project Mobile Functionality3.511 Ratings6.36 Ratings
Project Candidate Search3.59 Ratings7.25 Ratings
Definable Resource Pools4.29 Ratings7.26 Ratings
Talent Profiles4.09 Ratings5.98 Ratings
Absence Management3.710 Ratings6.98 Ratings
Grants Management
Comparison of Grants Management features of Product A and Product B
NetSuite ERP
3.4
12 Ratings
74% below category average
PeopleSoft Financials
8.8
10 Ratings
17% above category average
Award Lifecycle Management3.87 Ratings8.79 Ratings
Spending Control2.910 Ratings8.29 Ratings
Indirect Cost Management3.210 Ratings8.210 Ratings
Procurement
Comparison of Procurement features of Product A and Product B
NetSuite ERP
3.5
18 Ratings
65% below category average
PeopleSoft Financials
6.1
16 Ratings
12% below category average
Bids Analyzed and Compared3.88 Ratings6.09 Ratings
Catalog Shopping E-Commerce for Employees2.08 Ratings6.07 Ratings
Contract Authoring2.910 Ratings6.07 Ratings
Contract Renewal Automation3.99 Ratings6.09 Ratings
Contract Repository3.88 Ratings6.010 Ratings
Requisitions-to-Purchase Orders Integrated4.013 Ratings6.012 Ratings
Supplier Management3.812 Ratings7.010 Ratings
Risk Management
Comparison of Risk Management features of Product A and Product B
NetSuite ERP
3.6
11 Ratings
55% below category average
PeopleSoft Financials
5.2
3 Ratings
20% below category average
Risk Repository3.88 Ratings5.03 Ratings
Control Management2.911 Ratings5.03 Ratings
Control Efficiency Assessments3.87 Ratings6.03 Ratings
Issue Detection3.88 Ratings5.03 Ratings
Remediation and Certification3.88 Ratings5.03 Ratings
Logistics
Comparison of Logistics features of Product A and Product B
NetSuite ERP
2.7
16 Ratings
88% below category average
PeopleSoft Financials
9.0
2 Ratings
26% above category average
Transportation Planning and Optimization3.09 Ratings9.02 Ratings
Transportation Execution Management3.08 Ratings9.02 Ratings
Trade and Customs Management3.19 Ratings9.02 Ratings
Fulfillment Management3.413 Ratings9.02 Ratings
Warehouse Workforce Management2.711 Ratings9.02 Ratings
Manufacturing
Comparison of Manufacturing features of Product A and Product B
NetSuite ERP
5.4
16 Ratings
33% below category average
PeopleSoft Financials
9.0
3 Ratings
17% above category average
Production Process Design5.312 Ratings9.03 Ratings
Production Management5.414 Ratings9.03 Ratings
Configuration Management5.510 Ratings9.03 Ratings
Work Execution5.512 Ratings9.03 Ratings
Manufacturing Costs5.214 Ratings9.03 Ratings
Supply Chain
Comparison of Supply Chain features of Product A and Product B
NetSuite ERP
5.2
25 Ratings
36% below category average
PeopleSoft Financials
8.0
9 Ratings
6% above category average
Forecasting4.217 Ratings7.19 Ratings
Inventory Planning6.422 Ratings7.78 Ratings
Performance Monitoring5.114 Ratings8.78 Ratings
Product Lifecycle Management
Comparison of Product Lifecycle Management features of Product A and Product B
NetSuite ERP
3.6
13 Ratings
68% below category average
PeopleSoft Financials
8.9
3 Ratings
19% above category average
Proposal Management2.810 Ratings9.02 Ratings
Product Master Data Management3.59 Ratings8.53 Ratings
Best Alternatives
NetSuite ERPPeopleSoft Financials
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Score 8.8 out of 10
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Score 8.8 out of 10
Medium-sized Companies
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Score 9.5 out of 10
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User Ratings
NetSuite ERPPeopleSoft Financials
Likelihood to Recommend
7.5
(134 ratings)
7.6
(29 ratings)
Likelihood to Renew
9.4
(38 ratings)
10.0
(3 ratings)
Usability
8.6
(24 ratings)
5.0
(2 ratings)
Availability
9.4
(26 ratings)
10.0
(2 ratings)
Performance
7.7
(24 ratings)
-
(0 ratings)
Support Rating
7.0
(37 ratings)
7.0
(3 ratings)
In-Person Training
7.3
(2 ratings)
-
(0 ratings)
Online Training
7.8
(9 ratings)
-
(0 ratings)
Implementation Rating
7.0
(28 ratings)
7.0
(3 ratings)
Configurability
9.0
(1 ratings)
-
(0 ratings)
Ease of integration
9.0
(1 ratings)
-
(0 ratings)
Product Scalability
8.4
(5 ratings)
-
(0 ratings)
User Testimonials
NetSuite ERPPeopleSoft Financials
Likelihood to Recommend
NetSuite
NetSuite's scalability and ability to report on many enterprise processes and operations are my favorite features. NetSuite's user interface is straightforward. NetSuite is flexible and expandable, allowing us to save data and transactions fast. I appreciate the help establishing new workflows to improve system processes and procedures for the entire firm, and I love the customization options and shortcuts that make my team's work easier. NetSuite is one of the best resource planning tools, but like other Oracle technologies, it requires multiple training sessions to operate properly, and its subscription rates are too pricey for small organizations to utilize.
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Oracle
You really need a big enterprise to take advantage of PeopleSoft. It is not entirely user-friendly, and it often requires massive amounts of customization to make it work for layers if you will. Business experts can figure it out, but if you are expecting someone to easily learn how to use the timekeeping modules without heavy customization, it's really not for you. You need to know going in, that this is not for a small business at all, and not even a medium-sized enterprise. It's geared to massive organizations that need to integrate business processes over geographic areas and multiple departments.
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Pros
NetSuite
  • Inventory control - I find it great to lookup an item and see our current inventory, what we purchased for last time, etc.
  • Account management - I find it very easy to see where my accounts stand in regards to debt collection down to production time frames.
  • Reporting - the reporting is very straight forward and easy to use.
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Oracle
  • One of the best thing it does is it is customizable. You can implement any business logic you need. This is one of the very key assets of PeopleSoft Financials.
  • PeopleSoft Financials's accounting methods are in line with industry standards. You can use the process as is and ledger will be taken care of.
  • It supports multiple ways to integrate with other systems.
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Cons
NetSuite
  • Support is not terrible but often works in different time zones and at different levels. It can be a challenge at times to resolve a problem but in fairness, we have never had a problem that wasn't solved.
  • Account management is an experience in growing pains. ALL, and I mean every one of our Account Managers has been world class. They have been willing to fight for our company and 'go to bat' for our needs. The one oddity from Oracle NetSuite is the number of times our Account Managers change position. They seem to always be reorganizing or employees are moving around within the company. I wouldn't consider it 'unstable', just a function of a hot company going through growth pains.
  • Documentation and training. One of the beauties of the software is the automatic and bi-annual upgrades to the service. There is no chance of looking up one day and finding out you are six releases back in your software. However, even though we have benefited immensely from these development cycles, the documentation and training for new resources seems to be several months behind. We have seen more than one instance where a new and glad-to-get feature has no documentation available or very limited documentation to explain the new features.
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Oracle
  • PeopleSoft Financials does not address the needs of small organizations that do not have a large enough staff to maintain the software or utilize the features it provides as it requires a moderate staff to keep track of all of the transactions and processing
  • PeopleSoft licensing costs are significant, which are relative to the features provided but in many cases those features may not be necessary
  • PeopleSoft licensing structures can be frustrating at times when certain modules would allow you to perform the complex task needed but it would require the entire module to be licensed for just that one feature (e.g. Cash Management for loading bank statements in certain formats)
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Likelihood to Renew
NetSuite
I am not the decision maker for this but I believe our company will be sticking with NetSuite for the long term. A CRM like this is a big investment and not something you move away from quickly and without a lot of planning. There is a lot of data involved and importing that into a new system is no easy task.
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Oracle
PRISM is a great tool to track and watch numerous financial documents. I would like to see more of an integration platform that would control tracking for specific project details. There is currently only a little section for job notes which I would like to see improve. I think navigation could be improved, but isn't the worst compared to some platforms I have worked with as it provides a tree like structure on the backend which helps synchronize information together for fiscal financials.
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Usability
NetSuite
I give Netsuite [CRM] a value of 8 because it's very user friendly IF the user is properly trained and is dedicated to using the system as the administrator and company has intended. There are few items such as overall navigation that could be better but really that's splitting hairs as with any CRM, nothing's perfect.
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Oracle
PeopleSoft is HARD to use, period. Everything except for the most rudimentary functionality requires a massive amount of training and ongoing support. There is nothing intuitive about it, and that is where it leaves a lot to be desired. However, due to the way it integrates so many things, there is little in the marketplace to challenge it when it comes to large enterprises.
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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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Oracle
No answers on this topic
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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Oracle
No answers on this topic
Support Rating
NetSuite
The high technical support is closer to a 9: they are very responsive and provide great examples for you to be able to replicate and resolve any scripting issue. The general support is about an 8: they address the issues relatively quickly and provide appropriate feedback although too often quoting NetSuite Support documents instead of providing relevant examples. For product enhancement issues it's a 5: very little feedback on when or whether they will happen.
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Oracle
I can't give them a perfect rating because it does often take a long time and usually more [expensive] to resolve trying issues that cannot be solved by our in-house team. PeopleSoft is complicated, and the mix and match of user-created and stock modules cause problems very often. These usually require more customization to completely fix, requiring more money spent with
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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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Oracle
No answers on this topic
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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Oracle
No answers on this topic
Implementation Rating
NetSuite
Executive involvement is critical. Make sure you have a good handle on the metrics you would like to ultimately manage. Work as a team to document your business requirements. Whiteboard often. Understand NetSuite's best practice capabilities.

Have a central person identified to handle all report and analysis requests (ie - don't allow multiple people to create reports; have one person create reports and distribute them to decision makers via the NS dashboard or whatever form). Make sure you understand critical dates and develop the project plan accordingly
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Oracle
I recommend that everyone pay special attention to developing a solid testing and training plan if you are even thinking of implementing PeopleSoft. Be ready to obtain good trainers and developers, otherwise, your journey can be unnecessarily painful and much more expensive. Try to stay with an implementation partner who really has your needs at heart, and actually takes the time to understand your organization!
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Alternatives Considered
NetSuite
NetSuite, by far, offers the most customizable, intuitive and user-friendly platform compared with its competition. It's superior OneWorld offering for companies with multiple subsidiaries and direct integration with other areas of the business (sales, marketing, etc.) make it the best product out there in my mind. Its role-based permissions structure and detailed audit trail are also the best I have seen across the platforms I have used.
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Oracle
PeopleSoft is much more appropriate for large organizations than the software programs listed here. I'm involved in a project to bring billing and accounts receivable functions out of "shadow systems" like those listed here and into PeopleSoft, and PeopleSoft is more robust, flexible, and standardizable. We've found it to be an excellent solution.
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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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Oracle
No answers on this topic
Return on Investment
NetSuite
  • While I can't quantify the ROI it has definitely made an impact on productivity when compared to older, outdated systems. Monthly closes can be coordinated across the company and completed in a much quicker time.
  • Another positive impact from NetSuite is much easier access to data. Doing searches and getting data from NetSuite is easy. It doesn't require programmers to do and you don't have to memorize T codes and wait long periods for your information to update.
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Oracle
  • Provides better controls to ensure that spend does not increase beyond the PO amount.
  • sPro reverse invoicing provides a mechanism to only pay our staff aug firms for only the hours that entered into PeopleSoft. There is no more reconciliation between the vendor invoices and the hours that were charged within the internal time tracking system.
  • PeopleSoft Financials increases employee efficiency through the use of dashboards and work centers.
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ScreenShots

NetSuite ERP Screenshots

Screenshot of Get one view into the most critical business processes.Screenshot of Mobile-friendly design