Alliance Partner
28 Aug, 2019

Tally Vs NetSuite

Tally Vs NetSuite

    As days changed all businesses are transformed to digital, and they require a better accounting platform to stabilize their finances. So business is engaging with and rely on accounting software for the fast growth of their business. This blog provides a comparison between Tally VS NetSuite.

    Accounting software can change the nature of the business. And there is a lot of accounting software are available in the market. Tally, Quickbooks, Zoho etc. are some of the leading Indian market players. For mid-market and enterprise, Oracle NetSuite, SAP, and Microsoft Dynamics are the key players.

    Tally ERP is a market leader in India. As an India based accounting software, many mid-market and enterprise companies are still using this ERP but its capabilities do not fit with the requirements of those businesses.  Tally can be the right fit for small businesses, but Netsuite can be the right  fit for all types of business enterprises.

Comparison between Tally accounting software and Netsuite ERP:

    AdvantagesTallyNetSuite
    CloudNoYes
    User-friendlyNoYes (UI is easy to use and understand)
    Data reliability and securityLimitedHigh (operational and application security)
    On-premiseYesNo (cloud-based ERP)
    Browser-based accessNoYes
    Remote access to dataYesYes (remote access to Oracle database)
    Document accessLimitedHigh (document management system)
    IntegrationsLimitedYes
    Inventory, Task managementLimitedHigh (Optimizes stock levels of the business)
    Time trackingNoYes (support timesheet management and billing)
    Product upgradeOnce in yearly and costlyYearly twice without any cost
    Warehouse managementYesYes (inventory management)
    Cross-functional report generationNoYes
    Report customizationLimitedYes (report builder and report snapshots)
    Saved searchNoYes (to retrieve updated data at any time)
    ScalabilityNoYes (business solution with quick, easy and cost-effective manner)
    WorkflowsNoYes (represents the flow of business process through stages and states)
    Resource managementNoYes (improve billable utilization)
    Advanced Revenue Management and recognitionNoHigh (Advanced Revenue recognition module for revenue recognition and forecasting)
    Demand planningNoYes (Advanced demand planning capabilities associated with SuiteAnalytics)
    Order management (bulk)LimitedHigh (enables product availability, place order and manage Post orders)
    Customer Relationship ManagementLimitedHigh, Inbuilt CRM (SFA, marketing automation and customer support and service
    E
    commerceNoYes (enables B2B and B2C businesses), Omni Channel capability
    InvoicingYesYes (provides suite billing invoicing)
    Multi-currencyYesYes (support multi-user, multi-subsidiary, multinational business process)
    Business IntelligenceNoYes (Suite analytics module)
    Mobile supportYesYes (provide maximum business productivity anywhere you want to work )
    Bank integrationLimitedYes (Expecting in next release in India)
    Role-based accessNoYes
    VAT, GST reportsYesYes (in reports – tax reports)
    Taxation managementYesYes
    Financial accountingYesYes
    P2P processLimitedYes (ensure seamless support for employee, procurement and finance process)
    Order to CashLimitedYes (establishes the flow from sales quote to order fulfilment)
    Chart of accountsLimitedYes (handles balance sheet and income statement account)
    Recurring invoiceNoYes (recurring billing module)
    General ledgerYesYes
    AnalyticsNoYes (business intelligence module – suite analytics)
    Expense trackingNoYes (includes project and resource management)
    Account receivable/ Accounts payableYesYes
    Bank ReconciliationLimitedHigh (bank transactions can import to NetSuite)
    PaymentOnetimeSAAS (software-as-a-service)

     

    Tally has reporting capabilities but limited. It is comfortable for small business firms not for large organizations. Furthermore, it is on used widely but not the best accounting software.

    As business growth increases,  the platform for the management of its processing also will increase.Shows a positive correlationThere comes the need for an efficient business ERP – named Netsuite – as an Enterprise Resource Planning helps to build a business organization to become a success. It automates front and back office processes like financial management, revenue management, fixed assets, billing and inventory management.

    Netsuite – Business management software – cloud-based – helps companies to manage their core business processes with a fully integrated system. And it covers ERP, CRM, eCommerce and Inventory.

    Netsuite ERP – provides border visibility to work along with real-time updates. It can quickly integrate with other apps and it also mobile friendly. It’s highly secure cloud solutions that assure to meet business milestones. Mainly cloud-based deployment.

Netsuite Services:

    Netsuite provides support as well as  consulting services for its customers.

    Support Services:

    1. Suite support
    2. Suite answers
    3. Advanced customer support
    4. Success services
    5. Technical account management

    Netsuite consultants can assist any organization to develop coherent IT business strategies with extreme efficiency and expertise.