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IQMS Enterprise IQ vs NetSuite ERP comparison

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Comparison Buyer's Guide

Executive Summary

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

IQMS Enterprise IQ
Ranking in ERP
35th
Average Rating
8.0
Number of Reviews
1
Ranking in other categories
No ranking in other categories
NetSuite ERP
Ranking in ERP
12th
Average Rating
7.8
Reviews Sentiment
6.2
Number of Reviews
38
Ranking in other categories
Activity Based Costing Software (7th), Billing Software (5th), Cloud ERP (3rd)
 

Mindshare comparison

As of September 2026, in the ERP category, the mindshare of IQMS Enterprise IQ is 0.9%, up from 0.8% compared to the previous year. The mindshare of NetSuite ERP is 2.1%, down from 2.8% compared to the previous year. It is calculated based on PeerSpot user engagement data.
ERP Mindshare Distribution
ProductMindshare (%)
NetSuite ERP2.1%
IQMS Enterprise IQ0.9%
Other97.0%
ERP
 

Featured Reviews

VR
Retired at Retired
Allows customization for production and has good sales, distribution, and quality management features
Previously, we were using a very small ERP called Visual Udyog. Visual Udyog is a very cheap solution. For a startup company, it's useful. It's not an elaborate ERP, but it gives at least 25% of what IQMS gives. It can give 25% or even close to 50% of what IQMS can give and at 10% of the cost. Initially, for the first five years of the company, where it has only one million turnover or two million turnover, it is enough. Once you want to scale up, you have to go to SAP or IQMS. I also worked with SAP. I would say that IQMS and SAP go hand-in-hand.
Hubert Wentzel - PeerSpot reviewer
Principle Consultant at iOCO
Accounting processes have become transparent and time tracking supports our consulting projects
The built-in analytics tools of NetSuite ERP are not good enough for my needs. I did not create the accounting reports; my accounting team developed all of those. I know that all the data we need to analyze in CRM and from projects must be exported, and we run reports on those. The built-in analytics tools in NetSuite ERP do not help me identify opportunities or risks at all. I export all the data and use Power BI to analyze it. I do not utilize the customizable dashboards and just use a normal home page. The inventory management feature does not help us because we do not have any inventory or stock. The advanced financial management features are basic, as general ledger functionality is fundamental to accounting. I would not call it advanced. The principles are as old as accounting itself. NetSuite ERP is a cloud-based accounting platform with nothing exceptional to note. Their pricing is a package deal, so the deeper the investment, the more features are available and the more difficult it becomes to leave. I would like to see additional features in the next release to make it more competitive. I only use a fraction of the functionality because we do not have logistics, merchandising, warehousing, or inventory. We are a consultancy that sells software, implements software products, and provides advisory services, so our accounting needs are actually quite basic. I would rate this product an eight overall.

Quotes from Members

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

Pros

"This solution has all of the features you need: sales, distribution, supply chain. It has logistics and production management capabilities. It has so many modules, which were integrated using our expertise."
"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."
"A huge plus point for me is that you're always on the latest version, with upgrades included in the subscription, and as it's a genuine cloud-based product, you don't need servers, server managers, server rooms, backups, or an IT team to organize access for you."
"We were able to implement NetSuite and the apps and the integrations for under $500,000 for the entire new system, achieving a net savings of $500,000 a year with more modern technology that worked better for them and without needing a team of three tier-one experts on staff to manage the system."
"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."
"I recommend this product to professional services companies and those with complex international financial requirements. NetSuite ERP has strong capabilities in the finance domain that other ERPs may lack."
"I would say that the solution is highly configurable."
"We can install the bundles based on our needs."
"The features that have been most effective in improving the financial management perspective include the budgeting, revenue recognition, and accounting perspectives."
 

Cons

"It was very complex, which is why it took us so long."
"Setup is very complex."
"NetSuite ERP's UI could be improved. There are some features that are very complex that do not have to be. There are some aspects of the solution that could be simplified and this can include the documentation. Since it's a very complex tool, you expect to have great detailed documentation to help you implement it."
"The solution is not good in a production company."
"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."
"Some clients in my past complained about the accounting setup, as it requires people who already have knowledge about NetSuite ERP."
"The manufacturing and planning side could be improved. That part isn't up to date. NetSuite could be easier to integrate in general."
"There is a lot of room for improvement. Multiple manufacturing features need to be updated on NetSuite. More functionalities need to be added. I think there are a lot of functionalities coming out for warehouse management systems and manufacturing automation via advanced manufacturing functionalities. I think they need to improve a little more on those aspects and make it easier on the scheduling aspect."
"An area for improvement in NetSuite ERP is its accounting functionality because it has certain limitations."
"NetSuite is good for data management, but it's missing payroll features."
 

Pricing and Cost Advice

"We paid about 20% with the purchase order. Six months later, we paid another 20%, and then another 20% after another six months. We paid the remaining 40% after 18 months."
"When people buy ERP, it's a competitive situation and the pricing is paramount."
"I would advise that you first meet with and scope out your project with a NetSuite VAR (Value Added Reseller)."
"It's very competitively priced due to it being a subscription model. So, clients are quite happy with the pricing. I would rate it an eight out of ten in terms of pricing."
"NetSuite ERP has a cost per module you want to use, and then you have the license per user."
"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."
"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."
"The price of the solution is quite high."
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Top Industries

By visitors reading reviews
Manufacturing Company
22%
Comms Service Provider
9%
Outsourcing Company
7%
Computer Software Company
5%
Manufacturing Company
9%
Financial Services Firm
8%
Outsourcing Company
8%
Computer Software Company
8%
 

Company Size

By reviewers
Large Enterprise
Midsize Enterprise
Small Business
No data available
By reviewers
Company SizeCount
Small Business26
Midsize Enterprise8
Large Enterprise5
 

Questions from the Community

Ask a question
Earn 20 points
What is your experience regarding pricing and costs for NetSuite ERP?
The initial cost for NetSuite ERP depends on the business size. My IT managers say that some of their features are quite expensive.
What needs improvement with NetSuite ERP?
Regarding room for improvement, I would single out the user interface. The company needs to spend fifty percent of research and development on improving the user interface. The user interface is qu...
What is your primary use case for NetSuite ERP?
The primary use cases are general ledger, accounts payable, accounts receivable, project management, project accounting, and timesheets. I use NetSuite ERP. I have been working with NetSuite ERP, C...
 

Also Known As

Enterprise IQ
No data available
 

Overview

 

Sample Customers

Poly-Cast, Custom Profile, Nicolet Plastics, Double H Plastics Inc., Network Plymers, Load Trail, Mar-Bal Inc., Donnelly, Steinwall Scientific, Nissen Chemitec America, Miniature Precision Components
2Pure, Accuvant, Actian, Adtegrity, Advantage Sign Supply, All-Safe Pool Safety Products, Alton Lane, AMC Liquidators
Find out what your peers are saying about SAP, Oracle, Microsoft and others in ERP. Updated: August 2026.
913,806 professionals have used our research since 2012.