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 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
• Integrated Financial Reporting
• Real-time visibility
• 360-degree customer view
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
• Financial management
Major ERP Features: NetSuite ERP VS Acumatica
Following are the major comparisons on the features of both NetSuite and Acumatica.
|Supply Chain Management||Yes||Yes|
|Warehouse & Fulfillment||Yes||Yes|
|Multi User Login & Role Based Access||Yes||No|
|Supply and Purchase||Yes||No|
|Integration with 3rd Party||Yes||No|
|Time & Attendance||Yes||No|
|Online Banking Integration||Yes||No|
|Multi Currency Support||Yes||No|
|Multi-Currency Payment Processing||Yes||No|
|Sales and Distribution||Yes||No|
|Bill of Materials (BoM)||Yes||No|
|Business Intelligence (BI)||Yes||No|
|eCommerce - Online Store||Yes||No|
|Order Entry (OE)||Yes||No|
|Work Order Management||Yes||No|
|Manage Customers and Suppliers||Yes||No|
|Field Sales Management||Yes||No|
|Social Media Integration||Yes||No|
|Profit & Loss Statement||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.
|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.
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.
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.
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.
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 and Jismi IT Services LLP 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 free consultation right now. Send us a message to firstname.lastname@example.org.