Oracle Sage Intacct and NetSuite: Which Is Better for Your Business?

You may want to think about using a cloud-based ERP solution to manage your money if your accounting operations are more complicated than what QuickBooks or Xero can handle. You may access your data whenever, whenever, and in a secure, encrypted environment with a cloud-based solution. Both Sage Intacct and NetSuite provide sophisticated functionality that goes beyond a basic financial management solution. However, there are significant differences that make NetSuite the superior option for managing your company more successfully.

A Quick Comparison of NetSuite vs Sage Intacct

NetSuite is an end-to-end ERP solution, not just an accounting one, with features for managing your finances, supply chain, inventory, procurement, billing, and more. Companies with many locations who wish to access mission-critical data in real-time from any point around the world are particularly fond of the programme.

Oracle bought NetSuite in 2016, and since then, NetSuite has kept growing its product line. You can add and customise modules as your company expands to meet your needs.

The stand-alone cloud accounting system Sage Intacct, on the other hand, may link with a wide range of other products, such as CRM and ERP systems, to manage your whole business activities. The robust accounting capability of Sage Intacct will be advantageous to businesses that want to concentrate on their core financials. Fixed assets, revenue, allocations, and consolidations may all be managed by best-in-class software that is simple to use and can be tailored to meet your individual needs.

Comparing Features Between Sage Intacct and NetSuite

Sage Intacct and NetSuite both operate without a substantial internal IT infrastructure because they are cloud-based solutions. Employees from any location can easily be incorporated into the process during implementation, which is rather quick and simple. This may be especially enticing for businesses with many locations or those that are growing. Also consider how adaptable both methods are. NetSuite and Sage Intacct can adjust to any problem as the market evolves and your accounting demands change.

The extent of your financial management requirements really is where the main distinction between the two systems begins. Sage Intacct focuses on accounting and financial administration, whereas NetSuite is an all-in-one ERP solution that is intended to handle your complete organisation. As a result, NetSuite's scope is substantially greater, encompassing CRM, e-commerce, HCM, and a lot more. Sage Intacct can also expand capabilities, but doing so will necessitate add-ons, which come with the trouble of updates, delays, integrations, and other issues. It's been said that expanding the Sage Intaccts design causes the system to run much slower, which makes it problematic software for businesses that rely on real-time data insights.

Businesses who might believe that NetSuite's extensive range of apps simply serves to dilute its accounting capability will be relieved to hear that NetSuite's solution is on par with Sage Intacct in every manner.

NETSUITE Versus SAGE INTACCT: PRICING COMPARISON

While both products are aimed at mid-market businesses and above, NetSuite typically comes with a higher price tag. Due to the extensive capabilities you receive with NetSuite, the initial investment is more than with Sage Intacct. Even if you don't immediately require all of those capabilities, as your business grows, the solution will pay for itself and possibly end up being more affordable than Sage Intacct.

Due to its accounting-specific focus, Sage Intacct is less expensive than NetSuite. As a result, it becomes a more affordable entry-level option for expanding organisations. You will need to make extra investments as your company's needs grow beyond the fundamentals. Additionally, integrating with third-party apps will cost you more in terms of licence and maintenance.

  • The benefits of using NetSuite for your business

Given all of this, why is NetSuite the superior option for your company?

  • Growth is embedded into NetSuite.

As a complete ERP system, NetSuite is made for businesses that want to expand and manage every aspect of their operations on a single platform without integrating with outside applications. 190 different currencies are now supported by NetSuite, and they are constantly expanding their selection.

  • Partner network

Although both solutions are cloud-based, there are still certain deployment and training requirements. With a broad partner network to help them complete their projects successfully, NetSuite has a significant presence in the international market. Key performance indicators and prebuilt dashboards are available for quick modification based on job and industry. According to NetSuite, users typically take fewer than 100 days to get up and operating.

  • Unified database

Through its unified data model, NetSuite provides real-time data insights throughout the whole enterprise. On the other side, Sage Intacct employs a legacy architecture of distinct subledgers that makes reporting a more manual process, along with all the risks that entails.

  • Customer service

Live customer assistance is available from NetSuite every day of the week, 24 hours a day. A dedicated account manager is allocated to each customer for post-implementation support. There are three support tiers—Basic, Premium, and Advanced—as well as a self-serve knowledge base and a vibrant user community available to all clients for quick answers.

One level of assistance is provided by Sage Intacct, and live agents are on hand from 6 am to 6 pm Pacific Time. Additionally offered are a user community and knowledge base.

SAGE INTACCT  VERSUS NETSUITE: FINAL VERDICT

NetSuite is a superior option for managing your company if you're a mid-market corporation aiming to expand or an enterprise with multi-location and multi-language needs. You will be able to manage your end-to-end operations with its all-in approach, looping in all areas of your organisation, from CRM to HCM and more. As a result, the solution will be eventually more affordable, stable, and low-maintenance than Sage Intacct. Additionally, NetSuite may be your go-to ERP system thanks to a vast partner network and 24/7 live agent help in a number of languages.

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