Alliance Partner
28 Aug, 2019

Tally Vs NetSuite

Tally Vs NetSuite

    Nowadays every business is digital, and they require a better accounting platform to stabilize their financials. So business is engaging with and relying 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 available in the market. Tally, Quickbooks, Zoho etc. 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 project but its capabilities do not fit with the requirements of those businesses.  It fit for small business but Netsuite fit for all segments.

Comparison between Tally accounting software and Netsuite ERP:

    Advantages Tally NetSuite
    Cloud No Yes
    User-friendly No Yes (UI is easy to use and understand)
    Data reliability and security Limited High (operational and application security)
    On-premise Yes No (cloud-based ERP)
    Browser-based access No Yes
    Remote access to data Yes Yes (remote access to Oracle database)
    Document access Limited High (document management system)
    Integrations Limited Yes
    Inventory, Task management Limited High (Optimises stock levels of a business)
    Time tracking No Yes (support timesheet management and billing)
    Product upgrade Once in yearly and costly Yearly twice without any cost
    Warehouse management Yes Yes (inventory management)
    Cross-functional report generation No Yes
    Report customization Limited Yes (report builder and report snapshots)
    Saved search No Yes (to retrieve updated data at any time)
    Scalability No Yes (business solution with quick, easy and cost-effective manner)
    Workflows No Yes (represents the flow of business process through stages and states)
    Resource management No Yes (improve billable utilisation)
    Advanced Revenue Management and recognition No High (Advanced Revenue recognition module for revenue recognition and forecasting)
    Demand planning No Yes (Advanced demand planning capabilities associated with SuiteAnalytics)
    Order management (bulk) Limited High (enables product availability, place order and manage post orders)
    Customer Relationship Management Limited High, Inbuilt CRM (SFA, marketing automation and customer support and service )
    E-commerce No Yes (enables B2B and B2C businesses), Omni Channel capability
    Invoicing Yes Yes (provides suite billing invoicing)
    Multi-currency Yes Yes (support multi-user, multi-subsidiary, multinational business process)
    Business Intelligence No Yes (Suite analytics module)
    Mobile support Yes Yes (provide maximum business productivity anywhere you want to work )
    Bank integration Limited Yes (Expecting in next release in India)
    Role-based access No Yes
    VAT, GST reports Yes Yes (in reports – tax reports)
    Taxation management Yes Yes
    Financial accounting Yes Yes
    P2P process Limited Yes (ensure seamless support for employee, procurement and finance process)
    Order to Cash Limited Yes (establishes the flow from sales quote to order fulfilment)
    Chart of accounts Limited Yes (handles balance sheet and income statement account)
    Recurring invoice No Yes (recurring billing module)
    General ledger Yes Yes
    Analytics No Yes (business intelligence module – suite analytics)
    Expense tracking No Yes (includes project and resource management)
    Account receivable/ Accounts payable Yes Yes
    Bank Reconciliation Limited High (bank transactions can import to NetSuite)
    Payment Onetime SAAS (software-as-a-service)

     

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

    As business growth becomes increases, the platform for the management of its processing also increases. There comes the need for an efficient business ERP – named Netsuite – as an Enterprise Resource Planning helps to build a business organisation 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 – mainly based on the cloud – helps companies 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 also mobile friendly. It’s highly secure cloud solutions that assure to meet business milestones. Mainly cloud-based deployment.

Netsuite Services:

    Netsuite provides support and consulting services for their 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 organisation to develop coherent IT business strategies with extreme efficiency and expertness.