It is no surprise that ERP systems are quickly becoming a necessity for companies of all sizes. In order to remain competitive in today's business landscape, it is crucial to have a system in place that can manage and automate essential business processes. Not only do ERP systems make businesses more efficient, but they also allow for better tracking and analysis of data.
If your business still relies on outdated methods and technologies, it's time to consider investing in an ERP system. Choosing an ERP system is a massive decision for any business. There are countless options on the market, and it can be challenging to determine which is the best fit for your company.
In this article, we'll compare Acumatica vs NetSuite to help you decide which one is right for you. Keep reading to get an insight into the detailed comparison of Acumatica vs NetSuite.
Why do Businesses Require an ERP System?
One of the most important things for businesses is how they will manage their data and operations. In the past, companies would use separate software systems for different departments, which created silos of information and made it difficult to get a holistic view of the company. However, an enterprise resource planning (ERP) system can help to solve this problem.
If you are on the fence about whether or not your company should invest in an ERP system, here are three reasons why now is the time to do so.
1. Improved Efficiency
One of the main benefits of implementing an ERP system is improved efficiency. This is especially true for larger companies with multiple departments and locations.
With an ERP system, all your data will be housed in one centralized location, allowing employees across all departments to access it easily. This leads to faster and more accurate decision-making and reduced processing time for tasks such as order fulfillment and inventory management.
2. Better Tracking and Analysis
Another benefit of using an ERP system is improved data tracking and analysis. An ERP system can track sales data down to the individual customer level, which can help you determine which products or services are selling best (and why). This information can then make more informed business decisions moving forward.
Additionally, detailed financial reports can be generated using an ERP system, providing a comprehensive overview of your company's financial health.
3. Increased Scalability
Finally, now is the time to implement an ERP system because these systems are more scalable than ever before. In other words, they can grow along with your company without costing a fortune.
As your business expands into new markets or introduces new products/services, your ERP system can quickly adapt to accommodate these changes without requiring significant modifications or upgrades.
An Introduction to Acumatica and NetSuite
As the business world becomes increasingly digital, the need for robust and user-friendly software solutions is more critical than ever. Regarding Enterprise Resource Planning (ERP) systems, two of the most popular options on the market are Acumatica and NetSuite. Both platforms offer a comprehensive suite of features and benefits but have some key differences.
What is Oracle NetSuite? NetSuite is a cloud-based ERP system that provides a wide range of features out-of-the-box, making it ideal for businesses that want a ready-to-use solution.
On the other hand, Acumatica is a cloud-based ERP system designed to be highly customizable, making it a good fit for businesses of all sizes.
Regarding pricing, Acumatica has a lower entry price than NetSuite.
Acumatica vs Netsuite: A Quick Comparison
If you're in the market for a cloud-based ERP system, you're likely considering Acumatica and NetSuite. Both systems have a lot to offer; but Acumatica vs NetSuite, which one is right for your business?
In this section, we'll compare the two systems side by side, so you can decide which one aligns with your business requirements.
1. Financial Management
While both NetSuite and Acumatica are popular choices for accounting software, they each have unique features that set them apart. One key advantage of NetSuite is its core accounting features. Unlike Acumatica, which requires users to purchase additional modules for basic accounting functionality, NetSuite comes with all the features businesses need to manage their finances.
In addition, NetSuite enables multibook accounting, which allows businesses to manage their finances according to country-specific accounting rules. This can be a valuable feature for companies with operations in multiple countries.
Businesses of all sizes can benefit from NetSuite accounting training. This comprehensive software allows users to track financial data, manage customer information, and automate many of the tasks associated with running a business.
As a result, businesses that invest in NetSuite accounting training can see a significant return on their investment. If you do not see the ROI you expected from NetSuite, or if you're not sure how to maximize its potential for your business, consult Dragonfly Consulting today. We specialize in NetSuite implementations and optimizations.
2. Geographical Expansions
NetSuite covers a wide range of areas and covers 200 countries. NetSuite can transact in 190 currencies and 27 different languages. On the other hand, Automatica relies on manual currency input, creating potential errors that could be costly for businesses.
NetSuite allows transacting in multiple currencies, allowing businesses to expand their reach to new markets without worrying about manual currency input mistakes. In addition, NetSuite's support for various languages ensures that companies can effectively communicate with their customers no matter their location.
The bottom line is that NetSuite's coverage is much more comprehensive than Automatica's, making it the better choice for businesses with global operations.
3. Customer Relationship Management
No matter its size, every business needs a customer relationship management (CRM) system to track and manage customer interactions and data. NetSuite is a cloud-based CRM system that offers a variety of features, including sales force automation, customer support and service, campaign management, and analytics.
Automatica is a cloud-based CRM system that focuses more on providing businesses with an easy-to-use interface for managing customer data. Regarding features, Automatica offers performance tracking capabilities, AI-powered automation, and contact management.
NetSuite stands out because of its partner relationship management feature that focuses on real-time collaboration between partners and partner-focused processes, including forecasting, order processing, royalties, lead management, and commissions.
4. Implementation
Acumatica offers on-premise and cloud-based solutions, whereas NetSuite is a cloud-based platform. This means that businesses using Acumatica have the flexibility to choose the deployment option that best suits their needs. In contrast, NetSuite is suited for companies looking to move to the cloud. NetSuite can easily integrate with Microsoft 365 and Power BI.
However, one downside of Acumatica is the lack of VAR partners. This can make it difficult for businesses to find the support they need when implementing or troubleshooting the software. This is one area where NetSuite has a significant advantage over Acumatica.
Dragonfly Consulting is the best NetSuite ERP software solution provider specializing in end-to-end implementation and consulting services for NetSuite. This means businesses can be confident they have access to the resources and support needed to get the most out of their NetSuite solution.
5. Guides and Assistance
Asset management guides are crucial to run an organization's financial system effectively. NetSuite fixed asset guide provides a comprehensive overview of the NetSuite Fixed Asset Management module. The guide covers all aspects of NetSuite's fixed asset management module, including how to set up and configure the module, track and manage your assets, and generate reports.
At Dragonfly Consulting, we understand that not every business owner has the time or knowledge to stay up-to-date on all the latest changes in accounting and finance. That's why we offer NetSuite accounting and financial services to help manage your business's financial aspects. We'll ensure that your books are accurate and up-to-date and provide you with the information you need to make sound financial decisions for your business.
Acumatica's fixed asset guide, on the other hand, is much shorter and less comprehensive. It does not cover all aspects of Acumatica's fixed asset management module, and it does not include any tips or tricks. Therefore, the NetSuite fixed asset guide gives it an edge over Acumatica.
The Final Verdict
Both Acumatica and NetSuite offer a wide range of features and capabilities, so deciding which one is the right fit for your business can be tough. However, when it comes to reporting capabilities, support, and scalability features, NetSuite definitely has a clear edge over Acumatica.
The Role of Dragonfly Consulting in NetSuite Implementation
Now that you know what is Oracle NetSuite and what makes it stand out from its top competitor Acumatica, it’s time to leverage its full functionality with Dragonfly Consulting.
Dragonfly Consulting is a NetSuite solution provider and implementation partner that helps businesses to implement NetSuite as per their requirements at affordable charges. We also provide NetSuite consultancy to businesses to help them leverage the full functionality of NetSuite’s features.
Our team of consultants has extensive experience implementing NetSuite across a wide range of industries, so we are confident that we can help your business get the most out of NetSuite.
Contact us today to learn more about our services and how we can help you improve your business operations with NetSuite.
