NetSuite ERP vs Acumatica Comparison Guide 2020

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Adopting a new technology like a cloud ERP system is a crucial decision and long term investment for the success of any business organization. You may be going through the decision making conflict, finding a number of powerful ERP solutions in the market. Oracle NetSuite and Acumatica are two such choices most business entrepreneurs end up with. Which one to select? Both NetSuite and Acumatica are cloud-based ERP solutions. Both integrate ERP, CRM, eCommerce, and many more. Both these ERP’s share similar features in certain areas. However, NetSuite ERP is a more proven solution than any other software.

NetSuite ERP

NetSuite being the #1 Cloud Enterprise Resource Planning (ERP) software is a perfect solution for companies of any size. It leaves behind a legacy of 22 years of trusted service. NetSuite operates on a centralized platform, converges, optimizes, and automates business processes and operations. It is highly flexible and responsive to unique business requirements and the functions can be customized and integrated tailored to different business needs. NetSuite makes it possible to manage business operations without any hassle.

The following are the unique features of NetSuite.

Here are the unique features of NetSuie ERP that explains why a business organisation should choose NetSuite.

• Suite analytics tools
• Workflow Management
• Tax Management
• Flexible Depreciation Management
• Audit Trail Visibility
• Fixed Asset Roll forward
• Procure-to-Pay
• Integrated Financial Reporting
• Real-time visibility
• Order-to-Cash
• 360-degree customer view

Acumatica

Acumatica is a web-based ERP application which is only suitable for medium and small sized business. It has no proven background of supporting any massive growth or development. Acumatica can easily work on environments such as on-premises, hosted in a data centre, or else in a cloud platform. However, most features make the implementation process daunting. Acumatica possesses capabilities to run business processes such as management of financials, customer engagement and project accounting.

The following are the unique features of Acumatica.

Following points explains the areas where Acumatica provides its services.

• Project Accounting
• Customer Management
• Third-Party Integrations
• Service Management
• Inventory and Order Management
• Automation and reporting
• Customization
• Financial management

Major ERP Features: NetSuite ERP VS Acumatica

Following are the major comparisons on the features of both NetSuite and Acumatica.

Features	NetSuite ERP	Acumatica
Financial Management	Yes	Yes
Financial Planning	Yes	Yes
Order Management	Yes	Yes
Procurement	Yes	Yes
Production Management	Yes	Yes
Supply Chain Management	Yes	Yes
Reporting	Yes	Yes
Warehouse & Fulfillment	Yes	Yes
CRM	Yes	Yes
Multiple Company	Yes	Yes
Dashboards	Yes	Yes
Multi User Login & Role Based Access	Yes	No
Order Management	Yes	No
Supply and Purchase	Yes	No
Quotation/Estimates	Yes	No
Project Management	Yes	No
Recurring Invoice	Yes	No
Sales Quotes	Yes	No
Payment Handling	Yes	No
Task Management	Yes	No
Outstanding Payment Gateway	Yes	No
Integration with 3rd Party	Yes	No
Taxation Management	Yes	No
Time & Attendance	Yes	No
Employee Management	Yes	No
Time Tracking	Yes	No
Training Management	Yes	No
Vendor Management	Yes	No
Warehouse Management	Yes	No
Auditing	Yes	No
Sales Forecasting	Yes	No
Overpayment Processing	No	No
Opportunity Management	Yes	No
Sales Tracking	Yes	No
Online Banking Integration	Yes	No
Multi Currency Support	Yes	No
Multiple Country	Yes	No
Multi Location	Yes	No
Mobile App	Yes	No
Lead Management	Yes	No
Membership Management	Yes	No
Multi Company	Yes	No
Multi-Currency Payment Processing	Yes	No
Integration Capabilities	Yes	No
Sales and Distribution	Yes	No
Accounts Payable	Yes	No
Accounts Receivable	Yes	No
Bank Reconciliation	Yes	No
Bill of Materials (BoM)	Yes	No
Business Intelligence (BI)	Yes	No
Commission Management	Yes	No
eCommerce - Online Store	Yes	No
Fixed Assets	Yes	No
Fund Accounting	Yes	No
Fundraising Management	Yes	No
General Ledger	Yes	No
Inventory Control	Yes	No
Invoicing	Yes	No
Order Entry (OE)	Yes	No
Purchase Order	Yes	No
Work Order Management	Yes	No
Customer DataBase	Yes	No
Order Tracking	Yes	No
Billing System	Yes	No
Payments	Yes	No
Manage Customers and Suppliers	Yes	No
Invoices	Yes	No
Cash Management	Yes	No
Online Booking	Yes	No
Channel Management	Yes	No
Field Sales Management	Yes	No
Performance Metrics	Yes	No
Proposal Generation	Yes	No
Application Integration	Yes	No
Applications Management	Yes	No
Social Media Integration	Yes	No
Collaboration Tools	Yes	No
Timesheet Management	Yes	No
Access Controls	Yes	No
Collaboration	Yes	No
Email Management	Yes	No
Balance Sheet	Yes	No
Profit & Loss Statement	Yes	No
Sales Order	Yes	No
Income Statements	Yes	No
Accounting Integration	Yes	No
Inventory Optimization	Yes	No
Order Fulfillment	Yes	No
Order Processing	Yes	No
POS Integration	Yes	No
Real Time Comparisons	Yes	No

Pricing: NetSuite VS Acumatica

Both NetSuite and Acumatica have pricing structures of their own. When NetSuite follows a standard format, Acumatica chooses to bill for each service they render.

Pricing	NetSuite ERP	Acumatica
Per User	Yes	No
By Transaction Volume	No	Yes
By Required Data Storage	No	Yes

The pricing model followed by NetSuite ERP is pretty straight forward and standardised. NetSuite follows a pricing strategy that depends upon how many users need to access the software. This makes it easy for the organisations to predict the price during their growth and change. NetSuite applications can be renewed over longer intervals or annually.

While Acumatica follows a pricing model based on the concept “only pay for what you use”.The pricing will be based on the customer choices of deployment function, storage, project-level requirements, and so on. But if the customers don’t have a thorough knowledge of what they require creates vagueness and will result in financial loss.

Major Updations

NetSuite ERP bought two major updates that can make the system more reliable towards the emerging demands in business and the latest technologies.

NetSuite and Acumatica support in creating an enhanced user experience. NetSuite is suitable for all gadgets and comes with higher efficiency on creating customizable reports and dashboards. In comparison, NetSuite has a unified database and centralized processing. It also gives exceptional capacity for maintaining accuracy in processing, enhancement in productivity and timeliness.

The Accounting system of Acumatica depends on batch processing. This can affect the accuracy, productivity and timeliness. It does not own a real time data update like NetSuite and follows a point in time basis. Moreover, NetSuite possesses automatic, real-time subsidiary consolidation, whereas Acumatica has manual consolidation.

Implementation

Acumatica can be deployed on both on-premise and in the cloud but it lacks product maturity and expired VARs. NetSuite implements a cloud environment with promised scalability and reliability of execution. It also can be implemented remotely.

Deployment

Platforms	NetSuite ERP	Acumatica
Web App	Yes	No
Windows	Yes	Yes
Macintosh	Yes	Yes
Android	Yes	Yes
IOS	Yes	No

User Support

NetSuite has 24/7 toll-free phone support available worldwide and also highest Live and/or online training offered by NetSuite partners and oracle training department. NetSuite has an extensive knowledge base called SuiteAnswers. This is available to any users.

Whereas Acumatica has limited Tech support available which is limited to developer and app performance support accessed via Acumatica partners. Also, customers can avail direct support from the Acumatica headquarters residing in Russia. Users can also make use of the Acumatica knowledge base.

Conclusion

After all, it’s your call to decide which one suits your business and industry perfectly. Both of these ERP solutions possess ample capabilities to run a business effectively. NetSuite will be the ideal choice if your business is looking for a promising cloud-based solution in terms of scalability and flexibility.

Jobin & Jismi extend our support services to organizations who’ll decide to transform their business with NetSuite ERP. We have expert teams to deal with all aspects of NetSuite ERP services. If interested, schedule a consultation right now. Send us a message to contactus@jobinandjismi.com.