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NetSuite vs Acumatica: The Ultimate ERP Guide for Businesses

NetSuite vs Acumatica: The Ultimate ERP Guide for Businesses

Choosing the right ERP system is like picking a long-term partner for your growing business. 

It's a decision that impacts your operations deeply, as switching systems later involves high costs, retraining, and retooling workflows. 

This makes it essential to get it right from the start. Consider where your business stands today and where you see it in the next decade. 

This foresight can help you decide whether to opt for a system that grows with your business or one that meets your current needs at a lower cost.

This guide compares NetSuite and Acumatica, two popular ERP solutions their users praise for different reasons. 

Each offers unique advantages and possible limitations. 

Our goal is to present a clear picture of what each system can do for your business, helping you make an informed choice that supports your business's future success. 

Discover how NetSuite can transform your business operations – Reach out to us today.

 

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Overview of NetSuite

 

Since its start in 1998 by Evan Goldberg, NetSuite has grown from a simple online accounting tool to a full-blown, award-winning cloud solution that helps businesses manage just about everything. 

When Oracle bought NetSuite for $9.3 billion in 2016, it wasn't just a big win for NetSuite; it demonstrated NetSuite's significance in the cloud industry.

NetSuite is a leading cloud software provider with over 37,000 customers worldwide.

NetSuite makes life easier for businesses, big and small, with its wide range of features:

  1. Financial Management: It offers many tools to make dealing with finances easier. This includes help with accounting, budgeting, procurement, multi-entity management including automated elimination and even handling money across different countries, making things much smoother for businesses.

  2. Customer Relationship Management (CRM): This feature lets businesses take care of their customers better, from sales to service. The system ensures that all parts of the business are in sync, leading to happier customers and eventually more sales.

  3. E-Commerce Solutions: For companies selling online, NetSuite makes managing everything from your website to shipping products simpler. It helps create a better shopping experience for customers, which is key for winning in the online world.

NetSuite is a great fit for various businesses:

  • Small to medium businesses looking to grow
  • Large companies wanting to simplify their operations
  • Businesses with global needs, like dealing with different currencies or languages

It's useful for industries like wholesale distribution, manufacturing, retail, and services, showing just how versatile NetSuite can be. 

 

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Overview of Acumatica

 

Since its establishment in 2008, Acumatica has quickly climbed the ranks in the ERP world. 

Offering both cloud-based and on-premise solutions, it caters to the varied demands of small to mid-sized businesses in specific verticals.

What sets Acumatica apart is its adaptable pricing model as well as its commitment to providing a platform that grows with you.

Today, it serves a wide customer base, demonstrating its increasing influence in the ERP market.

Here are the highlights of what Acumatica offers:

  1. Flexibility: Acumatica’s ERP solutions are known for their adaptability. Businesses can customize the system to their heart's content, ensuring it fits their operations like a glove.

  2. Project Accounting: For businesses that manage numerous projects, Acumatica offers tools to keep track of costs, budgeting, and inventory, making project management smoother and more efficient.

  3. Mobility: Understanding the need for access on the move, Acumatica ensures users can tap into their ERP system from anywhere, using any device. This is a big plus for teams that aren’t always desk-bound.

Acumatica is ideal for several types of businesses:

  • Small to mid-sized companies looking for an ERP solution that grows with them
  • Businesses that require detailed project accounting and financial oversight
  • Organizations that value mobile access to their ERP system for a workforce that's on the move

While Acumatica brings a lot to the table with its customizable platform, project-focused features, and emphasis on mobility, businesses need to weigh these benefits against their specific needs. 

Acumatica's growth and adoption of technologies like AI show it's a forward-thinking choice for businesses ready to evolve. 

However, every company's journey is different, and finding the right ERP fit is about matching your business's trajectory with the features and flexibility an ERP platform offers.

 

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NetSuite vs Acumatica: Side-by-Side Comparison

 

Finding the correct ERP system can significantly impact your business's efficiency and growth. 

NetSuite and Acumatica are two leading options, each with its strengths. 

This side-by-side comparison aims to shed light on their features, helping you decide which system might suit your business operations and prospects.

Aspect

NetSuite

Acumatica

Years in Business

Since 1998

Since 2008

Customers

Over 37,000

Over 10,000

Target Industries

Retail & E-commerce, Advertising, Media & Publishing, Nonprofits, Professional Services, Software and SaaS, Manufacturing, Wholesale Distribution, Health & Beauty, Food & Beverage, Transportation & Logistics, Apparel, Footwear & Accessories, Education, Financial Services, Healthcare, IT Services, Non-Profit, Restaurants & Hospitality

Retail & E-commerce, Professional Services, Software and SaaS, Manufacturing, Construction, Wholesale Distribution

 

Features & Functions Comparison 

 

Feature Category

NetSuite

Acumatica

Financial Management

Accounts Payable, Accounts Receivable, General Ledger, Multi-Currency, Fixed Assets, Multi-Company & Consolidation, Revenue Recognition, Subscription Billing, Forecasting & Budgeting, Financial Planning & Analysis, Tax Management

Accounts Payable, Accounts Receivable, General Ledger, Multi-Currency, Fixed Asset Management, Multi-Company & Consolidation, Revenue Recognition, Subscription Billing, Forecasting & Budgeting, Financial Planning & Analysis

Supply Chain Management

Order Management, Production Management, Inventory Management, Procurement, Warehouse & Fulfillment, Requisition Management, Demand Planning, WIP & Routing, Work Orders & Assemblies, Shop Floor Control, Intuitive BOM Maintenance

Order Management, Inventory Management, Procurement, Warehouse & Fulfillment, Requisition Management

Human Capital Management

Human Resources Management, Employee Onboarding, Vacation Scheduling, Employee Directories, Payroll, Performance Management

Human Resources Management, Applicant Tracking, Employee Self-Service, Performance Management, Employee Surveys, Payroll

E-Commerce & Retail

Point of Sale, Mobile Point of Sale, E-commerce, Order & Inventory Management, Product Content Management, Marketing Automation

Point of Sale, Mobile Point of Sale, E-commerce, Order & Inventory Management, Marketing Automation

Professional Service Automation

Project Management, Project Template, Resource Allocation and Management, Timesheet Management, Expense Management, Resource Allocation and Management

Project Management, Timesheet Management, Expense Management

 

Key Considerations in the NetSuite vs Acumatica Debate

When navigating the decision between NetSuite and Acumatica, it's essential to consider several key factors to determine how well each system could support your business needs and objectives. 

Here’s a comparison to guide you through these considerations:

1. Scalability

NetSuite stands out for its ability to support businesses as they expand, offering a robust architecture designed for national and global operations. 

It caters to various industries with a proven track record of facilitating growth at every level. 

Acumatica also provides scalable solutions for small to medium-sized businesses, adapting pricing based on resource usage, making it a viable option for growing companies.

2. Pricing Models

Acumatica’s approach, based on transactions and usage rather than the number of users, offers an appealing entry point for smaller businesses looking for flexibility in cost management.

Moreover, while Acumatica's consumption-based pricing model offers flexibility, it can lead to unpredictable costs, complicating budget forecasts. 

On the other hand, NetSuite's pricing structure is predictable, allowing businesses to plan their finances better without surprises from fluctuating usage costs.

With NetSuite, the investment aligns with the platform's wide array of features and global support, utilizing a modular approach to pricing that caters to diverse business needs.

3. Customization and Integration

Both NetSuite and Acumatica excel in providing customizable and integrative capabilities. 

NetSuite, however, offers an extensive ecosystem of pre-built integrations, alongside tools for custom development, enhancing connectivity across various business functions. 

Acumatica’s architecture supports custom integrations, but NetSuite’s breadth of solutions facilitates a seamless integration experience for businesses seeking depth in customization and system cohesion.

4. User Experience and Ease of Use

Despite Acumatica's emphasis on mobility and user accessibility or other systems that offer multiple versions, NetSuite maintains a single version across all users, making them stand out for their unified platform strategy. 

NetSuite's consistent interface across multiple business processes and functionalities can provide an efficient operational flow for organizations seeking a comprehensive and intuitive system.

This approach ensures that all customers benefit simultaneously from the latest updates, features, and technologies without additional upgrade costs, enabling NetSuite to continuously invest in and refine this singular platform, adding features rapidly to support business growth and industry requirements.

5. Implementation

For flexibility in deployment, Acumatica offers both on-premises and cloud-based solutions, leveraging .NET and Microsoft's server stack. 

It integrates seamlessly with Microsoft Office 365 and Power BI. 

However, concerns about product maturity and the limited availability of experienced VARs (Value-Added Resellers) have been noted, which may affect companies looking to scale rapidly.

NetSuite operates exclusively in the cloud, making it an ideal choice for businesses eager to embrace cloud benefits and automated consistent feature releases twice a year.

Its cloud performance is distinguished by reliability and a remarkable 99.99% average uptime, although it may not suit businesses seeking on-premise implementations.

Both NetSuite and Acumatica offer valuable ERP solutions, with NetSuite emerging as a particularly compelling option for businesses aiming for substantial growth or those operating globally. 

Its comprehensive range of features and deep industry expertise provide a solid foundation for companies seeking to leverage ERP for strategic advantages. 

As you consider the findings, it’s important to align them with your specific business requirements and future growth plans. 

These insights from the Gartner Magic Quadrant for Cloud ERP for Product-Centric Enterprises resource serves as a foundational element to inform and support your ERP selection process, helping to ensure a choice that is both strategic and tailored to your organizational objectives.

Source: Gartner (October 2023)

Ultimately, the selection between NetSuite and Acumatica should be guided by your specific operational needs, strategic objectives, and the desire for a system that can grow with your business.

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Customer Support & Training – NetSuite vs Acumatica

 

Understanding the kind of customer support and training available is as important as the software's features. 

Here’s how NetSuite and Acumatica compare in crucial areas of support and training:

1. Technical Support

NetSuite offers 24/7 toll-free worldwide phone support, ensuring users have access to help whenever needed. 

In contrast, Acumatica provides technical support concentrating mainly on developers and application performance, potentially offering a narrower scope of assistance.

2. End-User Training

NetSuite provides a wide array of training options, including live and online courses offered by their training department and through partners, catering to a broad spectrum of user needs. 

Acumatica’s training is delivered through its partners, which might lead to varying training quality and availability.

3. Online Support

NetSuite’s extensive SuiteAnswers knowledge base is open to all users, supported by an active online user group for community-driven help. 

Acumatica also maintains an online knowledge base, with direct support based in Russia, and like NetSuite, promotes user interaction and support through multiple user groups across the U.S.

4. User Groups

Both NetSuite and Acumatica encourage the formation of local user groups throughout the United States, providing platforms for users to share insights, solve problems collectively, and enhance their understanding of the ERP systems.

The comprehensive training offered by NetSuite and round-the-clock global support make NetSuite a robust support structure for all types of businesses.

Acumatica’s approach, emphasizing partner-led training and specialized support, offers valuable resources, especially for technical users and developers.

 

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Deciding Between NetSuite and Acumatica

 

Picking between NetSuite and Acumatica involves careful consideration of your business's unique needs and long-term goals. 

Here's a simplified guide to help you weigh your options effectively:

  1. Identify Business Needs: Look at your daily operations and pinpoint more profound areas for improvement. Does NetSuite's global capability fit your vision, or does Acumatica's flexibility between cloud and on-premise options seem more appealing? Choose an ERP that supports your industry's demands and fills existing gaps.

  2. Consider Your Budget: Both setup and ongoing costs matter. NetSuite offers a broad feature set which might come at a higher cost, but check if it aligns with your budget. Acumatica's usage-based pricing could be more budget-friendly initially for smaller businesses. Think about immediate costs versus long-term value.

  3. Think About the Future: Your chosen ERP should support future growth as well as current needs. Evaluate whether NetSuite’s scalability or Acumatica's adaptable pricing model best suits your business's trajectory.

  4. Talk to Certified Partners: Consulting certified partners can provide deeper insights into each ERP's fit for your specific needs. They can explain how each system can be customized to benefit your business.

  5. Request Demos: A hands-on demo can reveal a lot about how each system would perform in your environment. Pay attention to ease of use, key functionalities, and how the system handles your critical operations.

Choosing between NetSuite and Acumatica comes down to understanding what your business needs, how much you're ready to invest long-term, and where you see your company in the future. 

Take note that companies using on-premise solutions face higher costs due to the need for server maintenance and dedicated staff. 

Additionally, managing multiple versions in the cloud can hinder innovation and slow the pace of improvements, impacting the overall efficiency and agility of the business.

By examining these factors, speaking with experts, and trying out each system, you can select the ERP that will best support your business's growth and success.

 

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Conclusion – NetSuite vs Acumatica

 

In our comparison, NetSuite shines with its global scalability and robust feature set, making it ideal for businesses with ambitious expansion plans. 

It offers an agile cloud-based platform renowned across various industries, supported by a pricing model that scales with your business. 

On the flip side, Acumatica appeals to those looking for flexible deployment options and a usage-based pricing model, making it a good fit for small to medium-sized businesses seeking cost-effective solutions.

Consider your business's unique needs, budget, and long-term goals when choosing between NetSuite and Acumatica.

Evaluate your operational requirements, consider the total investment and expected ROI, and choose an ERP that can grow with your company. 

Consulting with certified partners and trying out demos can provide valuable insights, helping you understand how each platform fits into your business. 

By carefully assessing both options, you can make an informed decision that sets your business on the path to success.

Discover how NetSuite can transform your business operations and drive growth – Click here to receive your free business assessment and demo.

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