13 Nov, 2020

How NetSuite ERP is Better Than Acumatica Comparison Guide 2020

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 ERP

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.

netsuite-erp

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
• Procure-to-Pay
• Integrated Financial Reporting
• Real-time visibility
• Order-to-Cash
• 360-degree customer view

Acumatica

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.

acumatica-dashboard

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
• Customization
• Financial management

Major ERP Features: NetSuite ERP VS Acumatica

Following are  the major comparisons on the features of both NetSuite and Acumatica.

Features NetSuite ERP Acumatica
Financial Management Yes Yes
Financial Planning Yes Yes
Order Management Yes Yes
Procurement Yes Yes
Production Management Yes Yes
Supply Chain Management Yes Yes
Reporting Yes Yes
Warehouse & Fulfillment Yes Yes
CRM Yes Yes
Multiple Company Yes Yes
Dashboards Yes Yes
Multi User Login & Role Based Access Yes No
Order Management Yes No
Supply and Purchase Yes No
Quotation/Estimates Yes No
Project Management Yes No
Recurring Invoice Yes No
Sales Quotes Yes No
Payment Handling Yes No
Task Management Yes No
Outstanding
Payment Gateway		 Yes No
Integration with 3rd Party Yes No
Taxation Management Yes No
Time & Attendance Yes No
Employee Management Yes No
Time Tracking Yes No
Training Management Yes No
Vendor Management Yes No
Warehouse Management Yes No
Auditing Yes No
Sales Forecasting Yes No
Overpayment Processing No No
Opportunity Management Yes No
Sales Tracking Yes No
Online Banking Integration Yes No
Multi Currency Support Yes No
Multiple Country Yes No
Multi Location Yes No
Mobile App Yes No
Lead Management Yes No
Membership Management Yes No
Multi Company Yes No
Multi-Currency Payment Processing Yes No
Integration Capabilities Yes No
Sales and Distribution Yes No
Accounts Payable Yes No
Accounts Receivable Yes No
Bank Reconciliation Yes No
Bill of Materials (BoM) Yes No
Business Intelligence (BI) Yes No
Commission Management Yes No
eCommerce - Online Store Yes No
Fixed Assets Yes No
Fund Accounting Yes No
Fundraising Management Yes No
General Ledger Yes No
Inventory Control Yes No
Invoicing Yes No
Order Entry (OE) Yes No
Purchase Order Yes No
Work Order Management Yes No
Customer DataBase Yes No
Order Tracking Yes No
Billing System Yes No
Payments Yes No
Manage Customers and Suppliers Yes No
Invoices Yes No
Cash Management Yes No
Online Booking Yes No
Channel Management Yes No
Field Sales Management Yes No
Performance Metrics Yes No
Proposal Generation Yes No
Application Integration Yes No
Applications Management Yes No
Social Media Integration Yes No
Collaboration Tools Yes No
Timesheet Management Yes No
Access Controls Yes No
Collaboration Yes No
Email Management Yes No
Balance Sheet Yes No
Profit & Loss Statement Yes No
Sales Order Yes No
Income Statements Yes No
Accounting Integration Yes No
Inventory Optimization Yes No
Order Fulfillment Yes No
Order Processing Yes No
POS Integration 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.

Pricing NetSuite ERP Acumatica
Per User Yes No
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.

Major Updations

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.

Implementation

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.

Deployment

Platforms NetSuite ERP Acumatica
Web App Yes No
Windows Yes Yes
Macintosh Yes Yes
Android Yes Yes
IOS Yes No

User Support

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.

Conclusion

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 & Jismi 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 consultation right now. Send us a message to contactus@jobinandjismi.com.

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