Netsuite vs Microsoft Dynamics vs HARMONiQ

Is your business suffering from demand issues, inaccurate reporting, or inconsistent data? An ERP system may be the solution, providing a central point of truth for your business.

In this article, we compare three of the most popular ERP systems in New Zealand to help you make an informed decision. Drawing on key features and differences between HARMONiQ, NetSuite, and Microsoft Dynamics, we will help you choose the right ERP system for your unique needs. 

Choosing the right ERP system

ERP (Enterprise Resource Planning) describes integrated software platforms, managing all processes and data in one single point of truth. ERP software encompasses a full range of business functions in one place, from finance and supply chain management to human resources and CRM. So, which ERP software is best? 

In the table below, we’ve compiled some core differences between these three platforms. While all three offer similar benefits and capabilities, the main differences can be seen in the scalability, deployment, customisation, pricing, and integrations. In the table below, we delve into each platform to highlight the top features and best applications. 

Target Market	SMEs, wholesalers, and distributors	Mid-sized to enterprise-level companies	Varies by product
Deployment	On-premises with some cloud options	Cloud-based (SaaS)	Cloud, hybrid, or on-premises
Customisation	Moderate customisation using modules	High flexibility with SuiteApps	High customisation, developer-friendly
User interface	Simple and intuitive	A lot of features and can take time to learn	Familiar and highly configurable MS interface
Integrations	Focused on industry-specific tools	Extensive third-party integrations	Seamless with Microsoft products
Pricing	Lower cost, suitable for SMEs	Higher TCO, subscription-based	Mid-to-high range
Strengths	Industry-specific focus (e.g., wholesale). Built-in support for multi-subsidiary entities	Scalability, global operations support	Excellent for companies using the Microsoft ecosystem
Weaknesses	Limited scalability for large enterprises	May be cost-prohibitive for smaller businesses, particularly where custom development is required	Advanced modules can require more configuration and specialist expertise

Oracle NetSuite

NetSuite is an ERP system by the US tech company Oracle. The NetSuite system serves over 40,000 businesses globally, enabling them to run back-office operations, financial business processes, HR, professional services automation, and omnichannel commerce. As with many enterprise-grade platforms, implementation and ongoing costs can be higher depending on scope and complexity, and the system may require time for users to become familiar with its functionality.

Applications

NetSuite is commonly used by large international companies, particularly those with the budget to customise the tools. If you need a robust, scalable cloud-based ERP with global reach and advanced financials, NetSuite can be a suitable option to consider.

Top 5 Features

• A unified view of the business — NetSuite enables you to run the entire business from a single platform, bringing together finance, supply chain, manufacturing, HR and e-commerce for one single point of truth. 
• Native integrations — The platform’s native integration modules negate the need for third-party integrations that may be unreliable or do not support real-time updates.
• Built for the cloud — While some ERP systems are hosted, NetSuite is entirely cloud-based with room to support scalability. 
• Reporting — With built-in reporting tools, users can pull reports on anything and everything. NetSuite also has role-based dashboards that showcase the relevant information for each user.
• Flexibility — The platform can be customised to accommodate your processes and corporate structure through SuiteCloud apps and tools. Whether you’re a multinational brand or a small startup, NetSuite can scale accordingly.

Microsoft Dynamics 365

Microsoft Dynamics 365 is a comprehensive, modular ERP and CRM platform that integrates seamlessly with the Microsoft ecosystem. It also offers a range of features such as AI-powered automation, real-time analytics, and multi-entity financial management. 

Applications

This is often well suited to large-scale and global companies that already use the Microsoft suite, but it does involve a steep learning curve for beginners. If you value tight integration with Microsoft tools and need customisation options for a wide range of industries, this may be an appropriate option to consider, depending on your business requirements. 

Top 5 Features

• Comprehensive modular design — This software offers a suite of integrated applications tailored to business needs. These can be customised using modules, ensuring scalability and flexibility as the business grows. Some modules may require additional investment depending on scope. 

• Dynamics 365 Copilot — The Copilot tool is AI-powered, automating routine tasks and simplifying workflows across the business. As the virtual assistant, this tool also provides predictive analytics and enhanced collaboration for better overall productivity. 

• Global financial and regulatory management — Microsoft is one of the most globally renowned software companies, offering exceptional functionality across international regulations and currencies.

• Seamless integration with the MS suite — The Dynamics platform is designed for use with the full MS suite, including Teams, Power BI, and more. 
• Analytics and real-time reporting — This platform offers robust analytics and reporting capabilities through Power BI. Users can easily access real-time data visualisations, insights, and trends to make informed decisions.  

HARMONiQ

HARMONiQ was developed by Micronet, an Australian-based software company. The ERP software is highly configurable and designed to support a range of operational requirements, providing a central platform for managing business data and processes. 

Applications

The HARMONiQ software serves a range of industries and businesses, with strong adoption among wholesalers, distribution-based businesses, and SMEs. For organisations operating in these sectors and seeking a cost-conscious ERP with industry-specific functionality, HARMONiQ can be a suitable option to evaluate. 

Top 5 Features

• Support for multi-subsidiary, multi-currency, multi-country entities — HARMONiQ supports complex business structures, allowing businesses with multiple divisions or entities to operate cohesively under a unified system. 
• Extensive built-in tools for customising the software in a no-code environment — The platform includes configuration tools that allow users to adjust screens, workflows, and layouts without custom development, reducing reliance on ongoing IT changes.

• Flexibility for adapting processes to match individual business requirements — HARMONiQ [provides flexibility in how workflows are configured, allowing businesses to align system behaviour with existing operational processes where appropriate.
• Integrated business intelligence dashboards (BI) — The platform includes reporting and dashboard functionality to support visibility across revenue, sales, and business performance. 
• Wide range of applications across industries — HARMONiQ includes modules supporting manufacturing, job costing, importing, wholesaling, and distribution, making it applicable across a range of operational models.
  

If you work with our team at Logiq Group, we support businesses through ERP selection, implementation, and optimisation across a range of platforms, helping ensure systems align with operational needs and long-term goals. While systems differ, the right outcome depends on fit, preparation, and governance.

If you're exploring ERP options, understanding cost, complexity, and readiness early can significantly reduce risk. You can start by estimating your potential ERP investment by using our Cost Calculator quiz.