NetSuite vs Acumatica
What is the right fit for your business?
ERP Software is an essential part of any modern business. They help companies streamline operations and manage critical business functions such as CRM, inventory tracking, accounting, and payroll. The choice of ERP solutions is large and can be stressful. It is a very competitive market and is expected to exceed $49.5 billion by 2025. With the average ERP costing around $8,265 per user making sure you pick the right ERP for your business is essential. Each ERP is different and has pros and cons depending on your required functionality. This article will compare NetSuite and Acumatica, they have many similarities and are often both being considered when companies are looking for an ERP solution.
Both these solutions offer cloud-based SaaS ERP applications and integration ERP, CRM, eCommerce and BI. Additionally, they both support a variety of vertical industries:
Whilst both solutions offer a cloud-based deployment Acumatica also offers a hybrid and on-premises deployments as well. This could be a better solution for companies that what to keep sensitive information. However, NetSuite has around the clock monitoring to ensure the securest system for their customers.
Whilst both are SaaS products the pricing options for them are different. Acumatica works on a more flexible “pay what you use” with applications priced separately, there is no added cost for adding users. This can mean that the scalability and flexibility to grow and shrink is more attractive to small to medium businesses. NetSuite’s pricing is based upon the total user count, add-on modules and the product configuration your company needs. Users pay a base subscription with the user licenses alongside it. This can lead to NetSuite being very expensive for small businesses.
One of the big wins for NetSuite over Acumatica is its ability to transact in more than 190 countries and 27 different languages. It can also handle multiple currencies as well as monitor the manage exchange rate fluctuations at both the account and financial report levels. Furthermore, NetSuite has the capacity for multibook accounting and allows for multiple subsidiaries and legal entities to be managed under one NetSuite system.
NetSuite and Acumatica are built using different languages. NetSuite is written is on a J2EE framework and uses Java as its core programming language whereas Acumatica uses C# and NET. this allows Acumatica to be more easily customised without the need of a developer. The customisation language of NetSuite, whilst allowing it to be highly customisable, relies on experienced developers to implement the changes.
As with all technology ERP systems are constantly updated. NetSuite charges extra on top of their subscription for these updates to happen at any time, you have to work your business around these updates whereas Acumatica allows updates to happen at any time for no extra cost. This means your business can be more flexible.
The reporting function within each solution has their pros and cons. Acumatica’s reporting function allows you to get data at time however, because it uses batch-based entry this slows down the reporting and analytics. NetSuite uses a real-time data entry there for has a quicker reporting function, but you cannot directly export data meaning it can be timely and costly to migrate data. But NetSuite’s larger capability makes it easier to analyse larger numbers of transactions.
Other highlights of Acumatica include the fact that it is ready to use out of the box, it has personalised dashboards and the industry specific modules allow for deep industry functionality. NetSuite’s other highlights include the greater depth of features that it offers as a more mature ERP, it suitability for growing businesses and the customisable General Ledger.
This is a very brief overview of the capabilities and functionality of both ERPs, for more information here are some helpful links:
https://thedigitalmerchant.com/crm/acumatica-vs-netsuite/
https://technologyadvice.com/blog/information-technology/netsuite-vs-acumatica/
If you want to find out more about how Capax RM can help you with your implementation or management of your ERP system by providing highly experience professionals on a permanent or contract basis please reach out to one of our team – their contact details can be found here -
