Infor M3 vs NetSuite ERP comparison

Infor and NetSuite are both solutions in the Activity Based Costing Software category. Infor is ranked #8 with an average rating of 8.2, while NetSuite is ranked #5 with an average rating of 7.8. Infor holds a 4.3% mindshare in ABCS, compared to NetSuite’s 7.8% mindshare. Additionally, 91% of Infor users are willing to recommend the solution, compared to 82% of NetSuite users who would recommend it.

Infor M3

Read 13 Infor M3 reviews

601 Views
451 Comparison Views

91% willing to recommend

NetSuite ERP

Read 35 NetSuite ERP reviews

1,896 Views
1,180 Comparison Views

82% willing to recommend

Infor M3

NetSuite ERP

Comparison Buyer's Guide

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Executive Summary

We performed a comparison between Infor M3 and NetSuite ERP based on real PeerSpot user reviews.

Find out in this report how the two Activity Based Costing Software solutions compare in terms of features, pricing, service and support, easy of deployment, and ROI.

To learn more, read our detailed Infor M3 vs. NetSuite ERP Report (Updated: January 2025).

Buyer's Guide

Infor M3 vs. NetSuite ERP

January 2025

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Helped 830,726 peers since 2012

Review summaries and opinions

We asked business professionals to review the solutions they use. Here are some excerpts of what they said:

Categories and Ranking

Infor M3

Ranking in Activity Based Costing Software

8th

Average Rating

8.2

Reviews Sentiment

6.9

Number of Reviews

Ranking in other categories

ERP (12th)

NetSuite ERP

Ranking in Activity Based Costing Software

5th

Average Rating

7.8

Reviews Sentiment

7.4

Number of Reviews

Ranking in other categories

Billing Software (1st), Cloud ERP (2nd)

Mindshare comparison

As of January 2025, in the Activity Based Costing Software category, the mindshare of Infor M3 is 4.3%, up from 4.2% compared to the previous year. The mindshare of NetSuite ERP is 7.8%, down from 12.1% compared to the previous year. It is calculated based on PeerSpot user engagement data.

Activity Based Costing Software

Featured Reviews

Pravinkumar Bhandare

Principal Consultant - Infor M3 at Merino Consulting Services

The solution is a reliable, stable, and cost-saving ERP

Different countries have different finance practices, but I believe they need to fine-tune their practices to match industry standards. Practices vary from country to country, for example, in India, it is different than in the US. Sometimes, clients require alternate processes that are not standard, but they claim that these are the standard practices in their industry. At those times, we feel that the option required is not available with the solution. This is not the case only for Infor M3. Other ERPs also have the same problem. We can't mold the ERP to fit the customer's requirements. There are some standards in place because many screens and programs are integrated into the finance process. We can't make modifications to fit the client's requirements. The customer needs specific screens for different users, so if that program is in place, we have one planning tool in Infor M3. Planners need to know all things related to manufacturing, purchase, and sales in order to make decisions about planning. In one of my clients, I came across the requirement that they were asking for user authority in the planning tool. This is not the case though, because all planners need to know all things. However, on the manufacturing side, we can say that the person who is working with machine operations only needs to know machine-related information and doesn't need knowledge of products or sales. That standard industry is available, so we can give access to the user as per their needs. If the maintenance people are there, we can give them limited access, but if the planner is there, we need to give them all access according to industry standards. However, this requirement from the client side is not possible with the standard Infor software, but Infor can consider implementing it if the need is larger for many customers.

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Venkat Sudni

Solution Architect at a manufacturing company with 51-200 employees

It's a user-friendly cloud-based solution that startups and small businesses can afford

Setting up NetSuite ERP is pretty straightforward. It's a plug-and-play solution that comes with the default bundle. We uploaded our GLs and charter accounts and added our company code to the architecture. It can be up and running in under a month. It takes at least five people to deploy NetSuite.

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Quotes from Members

We asked business professionals to review the solutions they use. Here are some excerpts of what they said:

Pros

"The most valuable feature of this solution is the Infor GL tool that allows us to do our application support and development."

"The product's initial setup phase is easy."

"The user interface and user experience were good."

"The most valuable feature of Infor M3 is the level of detail it has about the different manufacturing processes compared to other ERP solutions. Other ERP solutions provide the same level of integration as Infor M3, but Infor M3 specializes in several functions, such as planning and manufacturing."

"provides all modules, supply chain, HR - it's good for management."

"The most valuable feature of the solution is that it is highly customizable."

"Infor comes up with different tools every year, and they are all compatible with Infor M3, which makes it a more reliable and trustworthy tool. The integration is very smooth."

"Infor M3 has tailor-made packages for each and every industry."

More Infor M3 pros

"I am impressed with the product's ease of use. It also helps us reduce the techstack."

"I would say that the solution is highly configurable."

"It offers reporting flexibilities that were previously unavailable to us."

"The project management aspect and the timesheets are valuable, especially for ensuring that our milestone billings are automated properly. From a manufacturing perspective, it is more to do with the entire management of the inventory, the overall finance, consolidation of books of accounts, and managing the profit and loss in a more effective manner."

"NetSuite ERP is good for a trading company that involves buying and selling."

"The most valuable aspect of NetSuite ERP is the multi-subsidiary portion, it is the strongest across all the other ERPs. If you want to do consolidations, it works a lot better than other tools."

"NetSuite is a better value than some competing solutions. The fee structure is simpler, and other ERP solutions don't offer as many options for configuration."

"NetSuite ERP has dramatically improved our organization. We went from QuickBooks to NetSuite. You can compare this transition to changing from tennis shoes to a flying car."

More NetSuite ERP pros

Cons

"Sometimes, M3 alone cannot handle all the planning functionalities required by a customer. It has to be used along with industry-specific planning tools because M3 doesn't have all the features. However, no product can handle all the requirements of all the industries. There will be some shortcomings in all the products. Though this is an area for improvement, it is not a very serious shortfall or limitation. It can be covered by using third-party planning applications that integrate with Infor M3."

"The product's technical support has certain shortcomings. Sometimes, my company doesn't get a proper response from their end."

"It should be improved in terms of procurement of the supply chain and business intelligence analysis. We have the Infor BI tool, but it's more complex to use than, for example, Power Pivot or QlikView in the market."

"The solution must provide more learning documents."

"We can't make modifications to fit the client's requirements."

"Its initial setup was probably complex, but it is a very good system."

"Infor should create one product to handle the whole business. At present, they make ERP systems for each type of business, and then sell additional features. I would like to have one system handing all organizations or all the business in deep ways and not have to buy additional features."

"The implementation could be simplified, it's complex."

More Infor M3 cons

"Improvement-wise, it should be more customizable. Currently, you can't enhance the product yourself in terms of development for any applications unless you've got a very strong and big development team. Those are the skills that are in very short supply."

"The solution's initial setup process was complex."

"As with any system offering large volumes of data, there are limitations on processing large volumes of data in custom ways."

"What needs to be improved is the development in the other areas and other businesses that can use NetSuite."

"The custom reports could be improved."

"The solution is not user-friendly and it is complex to use."

"I would like to see improved customization options in NetSuite ERP, possibly through generative modules, to enhance flexibility and efficiency."

"In terms of the main improvement to NetSuite is the talent itself. It's grown so fast and there are about 25,000 companies running on it, and it's a relatively newer system compared to other competitors. It's growing so fast that the talent base in the partner organization (there's about 200 of them), is pretty thin."

More NetSuite ERP cons

Pricing and Cost Advice

"I'm not part of the team that manages Infor M3 pricing, but it depends on the client, integration, ship-out, and training levels. You get the price from the solution provider, but it would be best to discuss it because nothing is set in stone regarding pricing."

"If you compare Infor M3 to SAP, Infor M3 is less expensive than SAP, but if you compare Infor M3 to Dynamics 365, Infor M3 is more expensive. It also depends on the model that you buy. It depends on whether you have the complete package or whether you have separate models."

"There is a yearly licensing cost. The price is based on the modules you need. There are several modules, such as HR module, accounting module, sales module, scheduling module, etc., and the price will vary depending on the number of modules you choose. The customers always say that it's very expensive. It can cost a lot of money if your organization is huge. It's not implemented in a lot of organizations in my country because it's too expensive."

"The cost is between $50 and $100 per user annually."

"The tool’s licensing is yearly."

"Infor M3 is a tier-two product and is cheaper than tier-one products such as SAP and Oracle. However, it is more expensive than some other tier-two products. The licensing cost is dependent on the number of users. Also, if you purchase other tools from Infor as a package, then there may be other discounts offered."

"Pricing for NetSuite ERP is okay, but it could be better. The licensing model for NetSuite ERP is based on the number of modules and users. The standard license covers up to twenty-five users. If you have more than twenty-five users, you'll have to buy the premium license, which would double the price. For one module with five user licenses, the cost is between $40,000 to $50,000."

"There is an annual license required to use this solution."

"It is expensive."

"The price is less than the cost of daily hours."

"NetSuite ERP has a cost per module you want to use, and then you have the license per user."

"The price of the solution is quite high."

"Regarding costs, it's not just about licensing. Customization recurring costs can become expensive over five to eight years, especially with new releases. However, NetSuite ERP integrates well with third-party applications, so it can still be used for finance while another ERP is used for localized production."

"I would advise that you first meet with and scope out your project with a NetSuite VAR (Value Added Reseller)."

More NetSuite ERP pricing and cost advice

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Top Industries

By visitors reading reviews

Computer Software Company

14%

Manufacturing Company

12%

Wholesaler/Distributor

Retailer

Educational Organization

45%

Computer Software Company

Manufacturing Company

Financial Services Firm

Company Size

By reviewers

Large Enterprise

Midsize Enterprise

Small Business

Questions from the Community

What do you like most about Infor M3?

The product's initial setup phase is easy.

See all answers

What needs improvement with Infor M3?

I haven't received any complaints from the customers' end related to the product. The product's technical support has certain shortcomings. Sometimes, my company doesn't get a proper response from ...

See all answers

What is your primary use case for Infor M3?

In my company, I use the tool for back-end data or to control the entries in the back-end database. My company also extracts data, after which it gets pushed to the data lake and data fabric, and t...

See all answers

What do you like most about NetSuite ERP?

The inventory feature in NetSuite ERP is very valuable to me because it provides clear estimates about the depreciation of details and includes useful mobile modules.

See all answers

What is your experience regarding pricing and costs for NetSuite ERP?

If you buy it through Europe or North America, it is quite expensive. However, if you can buy it from developing markets according to NetSuite, you can get significant discounts, up to 70%.

See all answers

What needs improvement with NetSuite ERP?

Reports are good but not perfect. The custom reports could be improved. The initial setup process for reports can be a bit complicated and may require more user-friendly options. My previous compan...

See all answers

Comparisons

SAP ERP vs Infor M3

Compared 50% of the time

Infor LN vs Infor M3

Compared 19% of the time

SAP S/4HANA vs Infor M3

Compared 5% of the time

Infor CloudSuite vs Infor M3

Compared 5% of the time

Microsoft Dynamics AX vs Infor M3

Compared 3% of the time

More Infor M3 Competitors

NetSuite OneWorld vs NetSuite ERP

Compared 27% of the time

Oracle Fusion Cloud ERP vs NetSuite ERP

Compared 15% of the time

SAP S/4HANA vs NetSuite ERP

Compared 11% of the time

Oracle E-Business Suite vs NetSuite ERP

Compared 10% of the time

Anaplan vs NetSuite ERP

Compared 8% of the time

More NetSuite ERP Competitors

Product Reports

Buyer's Guide

Infor M3

January 2025

Download Infor M3 product report

Buyer's Guide

NetSuite ERP

December 2024

Download NetSuite ERP product report

Also Known As

Infor Lawson M3, Lawson M3

No data available

Learn More

Infor

NetSuite

Overview

Infor M3 offers ultimate flexibility in operations, technology, and scale. As a multi-site, multi-country, and multi-company solution, M3 empowers your organization to adapt to changing business needs. It provides flexibility in managing mixed-mode and complex environments, with the agility to make quick adjustments at any time. Written in Java, M3 also gives you platform independence and choice.

NetSuite ERP (Enterprise Resource Planning) is a cloud-based business management software that provides a suite of applications to support various business functions, such as finance, accounting, order management, inventory management, and human resources. It is designed to help organizations streamline and automate their operations, improve decision-making, and increase visibility into key performance metrics. NetSuite ERP integrates all business processes in a single system, providing a real-time, unified view of the business and enabling organizations to manage their operations more efficiently and effectively.

NetSuite ERP Features

NetSuite ERP has many valuable key features. Some of the most useful ones include:

E-commerce: NetSuite ERP provides a platform for creating and managing online stores, enabling organizations to sell products and services online.

Reporting and analytics: The solution includes business intelligence and reporting capabilities to help organizations gain insight into their operations and make data-driven decisions.

Multi-currency support: NetSuite ERP supports multiple currencies, making it suitable for organizations operating in multiple countries.

Global tax management: With its support for global tax management, organizations can manage tax compliance in multiple jurisdictions.

Real-time visibility: The solution’s real-time visibility at local, regional and headquarter levels, enables organizations to standardize business processes across all divisions and subsidiaries.

General Ledger: With NetSuite's general ledger capabilities, accounting professionals gain flexibility and visibility, richer reporting functionality, enhanced audit trails and the ability to customize account types, transactions and reporting segments to meet unique business requirements.

NetSuite ERP Benefits

There are many benefits to implementing NetSuite ERP. Some of the biggest advantages the solution offers include:

Simplify your business: With the solution you can manage accounting, inventory, operations, distribution and more from a single application. Users can also automate manual processes to save time and free up resources to better serve customers, identify new opportunities, and outpace the competition.

Supply chain optimization: The solution makes it easy to control the flow of goods across the value chain, from suppliers to customers.

Flawless order management: NetSuite ERP helps organizations error-proof order management and procurement.

Increased warehouse efficiency: With NetSuite ERP, users can optimize the putaway process and reduce picking errors.

Reviews from Real Users

NetSuite ERP is a solution that stands out when compared to many of its competitors. Some of its major advantages are its friendly user interface, customizable dashboards, reporting, scalability, stability, and much more.

GirirajInja, Head of IT operations at Karma technology, says, "As NetSuite ERP is a cloud product, a valuable feature I found in it is the very friendly user interface. You can set up shortcuts within the applications for frequently used reports or navigation. You can also customize dashboards in NetSuite ERP. Another feature I found valuable in the solution is good reporting. It has many industry-standard reports focused on finance and inventory. I also like the seamless switching between production and test environments and that you can customize the environments within NetSuite ERP.”

Another PeerSpot user, Mohammed I., Sales Manager at Inspirria Cloudtech, states, "NetSuite is significantly more affordable than Oracle EBS and offers a wider range of features than other OEMs.” He also adds, “[It] includes multiple modules, is scalable, and stable.”

Sample Customers

Grosfillex, High Five Sportswear, L_derach, OTK Group, PHS Group, Propper International, Red Wing Shoe Company, Reynolds Catering Supplies, Saudi Diesel, Sheetz, Zeppelin, Zodiac Aerospace

2Pure, Accuvant, Actian, Adtegrity, Advantage Sign Supply, All-Safe Pool Safety Products, Alton Lane, AMC Liquidators

Buyer's Guide

Infor M3 vs. NetSuite ERP

January 2025

Free Report: Infor M3 vs. NetSuite ERP

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