Odoo, Oracle Netsuite, or SAP - Which will provide a better ROI and user satisfaction?

Enterprise and resource planning software solutions have always been the operational tools for businesses all across the world right from its development. Today these solutions have become an integral part of any business operations bringing in operational readiness and full-fledged control to the business management operations of the companies. A large number of software solutions fall into this category and bring in advanced operations capabilities and functional operational tools for business management. As there is a wide choice of options which you can choose regarding the ERP the aspects of difficulty and the aspects of decision making on the selection becomes even harder.

One of the key reasons for this is the cost and the pricing involvement with the implementation of ERP solutions. Especially considering small and medium scale establishments the investment in ERP software will be considered as a huge investment and they will only benefit if the ERP will provide the return on investment in no time. Most of the prominent ERP solutions exhibit certain operational as well as functional quality in their operations which makes them stand among the crowd of ERP solutions in the market. The major decision on which the choice of an ERP solution should be based on the aspects of return on investment(ROI). It's a well-known fact that the return of investment on the ERPs will not be provided back readily but the process happens gradually and may take months to give back the money your company invested. The ROI will be in the form of profits or productivity of the company operations; either of them will be beneficial for the company.

Let's now move on to understanding the aspects of choosing the best ERP software from Odoo, Oracle Netsuite, or SAP ERP software based on the functional aspects of each.  

Let's initially understand each of the ERP solutions in detail before understanding which one offers better operational functions and brings in more reliability to operations. 

Odoo ERP

The Odoo ERP was initially developed in the early 2000s as TinyERP solutions with the operational capability of managing small businesses and later was developed to Odoo releasing version 8 of the platform in 2014. Now we have Odoo 14 which is the result of continuous up-gradation of the software from version 8 and releasing a new version every year from then. The fully functional business tool with the capability of managing the entire business operations from one platform is one of the advanced capabilities of Odoo which make it an exceptional business management tool. You can further read the following blog to have a complete understanding of the software: What is Odoo

SAP

SAP business one is one of the best ERP solutions which is crafted to cover the business operational needs of the small to medium scale business. Over 50,000+ customers spread across 190 countries all over the world SAP is one of the prominent software solutions which is used for business management operations.

Oracle Netsuite 

The Oracle Netsuite is a business management ERP solution that is best suited for mid-sized enterprise solutions offering you exceptional business management operations for the business. Offering you tools on customer relationship management, inventory supply chain, and financials aspects management the Oracle Netsuite is the ERP solution for midsize companies.

Let's now move on to the comparison aspects of each of these ERP solutions based on various factors such as ROI, and User satisfaction.

Odoo, Oracle Netsuite, or SAP a comparison

Regarding the return on investment of each of the ERP, it will be entirely based on the business and the capabilities of the ERP solution. Although the business type and operation will remain the same the capabilities and functional tools on ERP solutions can be changed. The ERP solution with a low amount of average time to provide back the return on investment will be the apt solution for any business. Considering Odoo, Oracle Netsuite, and SAP the Odoo ERP has the lowest average time on the return of investment. The return on investment on the Odoo is just 16 months whereas, it would take 29 months for Oracle Netsuite to provide back your investment. Moreover, the SAP ERP provides back you the return on investment in 36 months only.

Another important aspect regarding the ERP solutions is the implementation time here, the time taken for the ERP solutions to go live in your business. During the implementation time, you cannot function with the ERP as it will be in the development stage. Therefore, you should choose the ERP solution with a low time of implementation and the time taken for the ERP solution to go live should be below. Odoo has an implementation time of only 4 months whereas the Oracle Netsuite takes 6 months to be deployed. However, the SAP ERP takes 11 months to be developed and implemented for a company of operation.

Furthermore, regarding the customer satisfaction index of the ERPs, the Odoo platform will provide you with a complete as well as a full-fledged solution with the operations capability to manage the entire business. With a high level of user-friendly aspect along with the ease of setting up as well as functioning the Odoo ERP tops the SAP as well as Oracle Netsuite in the business operations management. In addition, the advanced functionalities of Odoo such as the double-entry bookkeeping, cross-docking, and advanced control and management tools Odoo ERP overshadows the functional options of both two other ERP solutions. Additionally, the dedicated modules and centralized infrastructure of operations that are available in the Odoo platform add up to the functional aspect as well as the operational capabilities of the Odoo ERP.