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:

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 (Optimizes stock levels of the 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 utilization)
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
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 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 correlation there 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.