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Precisely VS ERPNext

Compare Precisely VS ERPNext and see what are their differences

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Precisely logo Precisely

Precisely aligns law and technology to revolutionize the handling of contracts

ERPNext logo ERPNext

The ERP Software that helps you take full control of your business. ERPNext is both powerful and easy to use.
  • Precisely Landing page
    Landing page //
    2022-07-11
  • ERPNext Landing page
    Landing page //
    2023-01-10

Precisely

Website
precisely.se
Pricing URL
-
$ Details
-
Release Date
-
Edit details

ERPNext

Website
erpnext.com
Pricing URL
Official ERPNext Pricing
$ Details
Release Date
2008 January
Startup details
Country
India
State
Maharashtra
City
Mumbai
Founder(s)
Rushabh Mehta
Employees
10 - 19
Edit details

Precisely features and specs

  • User-Friendly Interface
    Precisely offers a streamlined and intuitive user interface that simplifies contract management, ensuring ease of use even for users with minimal technical expertise.
  • Comprehensive Features
    The platform provides a wide range of features including contract creation, collaboration, e-signatures, and automated reminders, making it a comprehensive solution for contract lifecycle management.
  • Automation Capabilities
    Precisely offers automation tools that reduce manual workload by allowing users to set up automated workflows and reminders, enhancing operational efficiency.
  • Secure Platform
    Security features ensure that data is protected and complies with relevant regulations, providing peace of mind in managing sensitive contract information.
  • Integration Options
    The software integrates with many third-party applications and tools, which facilitates seamless incorporation into existing business processes.

Possible disadvantages of Precisely

  • Pricing Structure
    The pricing of Precisely might be considered high for small businesses or startups, potentially limiting its accessibility for companies with limited budgets.
  • Learning Curve
    Despite its user-friendly design, some users may experience a learning curve initially when setting up workflows and familiarizing themselves with all the features.
  • Customization Limitations
    While it offers many features, some users might find the customization options limited compared to other contract management solutions, affecting how tailored the software can be for specific business needs.
  • Customer Support Hours
    Support hours might not be convenient for all users, particularly those in different time zones, which can affect timely issue resolution.
  • Feature Overload
    Some users might find the wide array of features overwhelming, leading to underutilization or complexity in choosing the right tools for their needs.

ERPNext features and specs

  • Open Source
    ERPNext is an open-source software, which means it is freely available for use and modification. This provides businesses with greater flexibility and control over their ERP system.
  • Cost-Effective
    Being open source, ERPNext can significantly reduce software licensing costs, making it an affordable option for small and medium-sized businesses.
  • Extensive Feature Set
    ERPNext offers a comprehensive range of features including accounting, project management, HR, manufacturing, and CRM, all within one integrated system.
  • Customization
    ERPNext is highly customizable to fit the specific needs of your business, allowing for modifications without hampering future upgrades.
  • Community Support
    ERPNext has a strong community of users and developers who contribute to the software, providing support, updates, and new features.
  • User-Friendly Interface
    The system has a clean and intuitive user interface, making it easier for staff to be trained and to adapt to the new system.
  • Cloud and On-Premise Options
    ERPNext can be deployed both in the cloud and on-premises, depending on your specific business requirements.

Possible disadvantages of ERPNext

  • Implementation Complexity
    Despite its flexibility, implementing and customizing ERPNext can be complex and may require dedicated resources and expertise.
  • Limited Third-Party Integrations
    ERPNext has fewer third-party integrations compared to other popular ERP solutions, which could limit its extensibility.
  • Learning Curve
    The breadth of features and the customization capabilities can result in a steep learning curve for new users and administrators.
  • Potential for Hidden Costs
    While the software itself is cost-effective, additional costs may arise from implementation, customization, and ongoing maintenance and support.
  • Scalability Concerns
    ERPNext might not be as scalable for very large enterprises with complex, multi-national requirements as some of the more established ERP solutions.

Analysis of ERPNext

Overall verdict

  • Yes, ERPNext is generally considered to be a good ERP solution for many businesses.

Why this product is good

  • ERPNext is praised for its open-source nature, flexibility, and comprehensive set of features that cover various business functions including accounting, inventory management, HR, sales, purchasing, and more. It is cost-effective, offers customization opportunities, and its user-friendly interface allows businesses of varying sizes to adapt it for their specific needs. The supportive community and continuous updates contribute to its reliability and improvement.

Recommended for

    ERPNext is well-suited for small to medium-sized businesses, startups, and organizations looking for a cost-effective and customizable ERP system. It's also ideal for companies that have specific needs in manufacturing, retail, distribution, and service sectors, due to its adaptable modules and extensive feature set.

Precisely videos

+ Add

Famly Co Review: Precisely Pro!

More videos:

  • Review - Precisely My Brow Pencil REVIEW | New Collection | Upgrade? |
  • Review - BENEFIT PRECISELY MY BROW PENCIL | SWATCHES | REVIEW

ERPNext videos

+ Add

ERPNext - Sk8fact

More videos:

  • Review - ERPnext Quarterly Review Process
  • Review - What is ERPNEXT?

Category Popularity

0-100% (relative to Precisely and ERPNext)

Precisely

ERPNext

Contract Management
100 100%
Contract Management
0% 0
ERP
0 0%
ERP
100% 100
Business & Commerce
100 100%
Business & Commerce
0% 0
Accounting & Finance
0 0%
Accounting & Finance
100% 100

User comments

Share your experience with using Precisely and ERPNext. For example, how are they different and which one is better?
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Reviews

These are some of the external sources and on-site user reviews we've used to compare Precisely and ERPNext

Precisely Reviews

We have no reviews of Precisely yet.
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ERPNext Reviews

17 Best ERP Software To Monitor Business Vitals In 2024
Features include its open-source nature, offering businesses the freedom to modify the software according to their specific needs. ERPNext provides businesses with an affordable option to get started with ERP software without incurring any licensing costs. It offers accounting and finance management, inventory management, project management, and customer relationship...
Source: thecfoclub.com
Top 9 NetSuite Alternative Software for Professional Services
ERPNext is a similar solution to Odoo, but it offers a more affordable pricing model with unlimited users. It can be a good option for smaller and mid-sized businesses with unusual workflows. As with Odoo, implementation of ERPNext may require expertise and effort, so make sure you’re ready for it before choosing it as your solution.
Source: productive.io
Top 9 Odoo Alternatives
Suitable for individuals, startups, and small businesses, ERPNext provides a cost-effective alternative to Odoo with premium packages available should your business needs evolve and you wish to expand your business processes. It caters to various industries, such as education and healthcare, making it a versatile choice for businesses searching for an affordable ERP solution.
Source: softwareconnect.com
Best ERP Software 2022: Top Rated ERP Systems Comparison
ERPNext is an open-source cloud ERP software. It is for manufacturing, distribution, retail, trading, services, education, nonprofits, and healthcare. It offers a free trial of 14 days. Its cloud plan is $50 per user per month. You can get a quote for a self-hosted edition. More than 5000 companies use ERPNext.
Source: www.softwaretestinghelp.com
11 Best Open Source ERP Solution for Small & Medium Enterprises
ERPNext powered by Frappe Technologies is a is free, and open-source integrated ERP software. This system is based on the MariaDB database system. It uses JavaScript and Python-based server-side framework for its development.
Source: wperp.com

Social recommendations and mentions

Based on our record, ERPNext seems to be more popular. It has been mentiond 37 times since March 2021. We are tracking product recommendations and mentions on various public social media platforms and blogs. They can help you identify which product is more popular and what people think of it.

Precisely mentions (0)

We have not tracked any mentions of Precisely yet. Tracking of Precisely recommendations started around Mar 2021.

ERPNext mentions (37)

View more

What are some alternatives?

When comparing Precisely and ERPNext, you can also consider the following products

Juro - Juro is a contract automation platform that enables your team to create, execute and monitor routine contracts at scale without ever leaving the browser.

Odoo - An all-integrated business app suite to unleash your growth potential.

CobbleStone Software - Managing contracts just got easier with CobbleStone!

SAP ERP - SAP ERP is enterprise resource planning software developed by the German company SAP SE.

Contract Assistant - Web based contract management software

Dolibarr - Dolibarr ERP CRM is an Open Source software package for small, medium or large companies, freelancers or foundations to manage business. It's a PHP project built by modules addition (invoice, proposal, contact, stock, order, hr, agenda. .

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