As businesses grow, their needs evolve, and they often find that entry-level accounting software like QuickBooks can no longer keep pace with their expanding operations. This is where NetSuite, a comprehensive cloud-based accounting (ERP) system, steps in as a superior alternative.
Here's a detailed look at why NetSuite is an excellent alternative for businesses seeking to upgrade from QuickBooks.
QuickBooks vrs NetSuite -
1. Scalability
QuickBooks:
Designed for small to medium-sized businesses.
Limited in handling the complexities of larger operations.
QuickBooks alternative: NetSuite
Built to scale with businesses of all sizes, from startups to large enterprises.
Offers extensive functionalities to manage multi-subsidiary operations, multiple currencies, and extensive transaction volumes.
Easily adapts to growing business needs without performance issues.
2. Comprehensive ERP Capabilities
QuickBooks:
Primarily focuses on basic accounting functions.
Limited functionalities beyond accounting, requiring additional software for CRM, inventory management, and more.
QuickBooks alternative: NetSuite
A full-fledged ERP system that integrates financial management, CRM, e-commerce, inventory, order management, and HR.
Provides a unified platform to manage all business operations seamlessly.
Reduces the need for multiple disparate systems, ensuring data consistency and operational efficiency.
3. Real-Time Visibility and Reporting
QuickBooks:
Basic reporting capabilities.
Limited real-time data visibility, which can hinder timely decision-making.
QuickBooks alternative: NetSuite
Advanced reporting and analytics tools that provide real-time insights into all aspects of the business.
Customizable dashboards that offer a comprehensive view of key performance indicators (KPIs).
Enhanced ability to make informed decisions quickly based on up-to-date data.
4. Automation and Workflow Management
QuickBooks:
Basic automation capabilities.
Limited workflow customization and automation options.
QuickBooks alternative: NetSuite
Robust automation features that streamline complex business processes.
Customizable workflows to fit specific business needs, reducing manual intervention and errors.
Automated approval processes, order management, billing, and more, enhancing operational efficiency.
5. Multi-Currency and Global Operations
QuickBooks:
Limited support for multi-currency transactions.
Challenges in managing global operations effectively.
QuickBooks alternative: NetSuite
Comprehensive multi-currency support with real-time exchange rates.
Designed to handle international business operations, including multiple subsidiaries, tax laws, and compliance requirements.
Facilitates seamless global financial consolidation and reporting.
6. Customization and Flexibility
QuickBooks:
Limited customization options.
Often requires third-party add-ons to extend functionality.
QuickBooks alternative: NetSuite
Highly customizable to meet the unique needs of any business.
Extensive SuiteCloud platform that allows for custom development and integration with other systems.
Flexible enough to adapt to industry-specific requirements and workflows.
7. Support and Community
QuickBooks:
Basic support options.
Limited community and third-party resources for advanced help.
QuickBooks alternative: NetSuite
Comprehensive support packages, including 24/7 assistance.
Active user community and extensive third-party ecosystem.
Regular updates and enhancements driven by customer feedback and industry trends.
When looking for a QuickBooks alternative, NetSuite stands out as a robust, scalable, and comprehensive solution for businesses outgrowing QuickBooks. This platform can integrate all business processes into one place, with advanced automation, real-time visibility, and customization options. It's a great choice for companies wanting to simplify operations and grow. By choosing NetSuite, businesses can move beyond the limitations of QuickBooks and embrace a solution designed for long-term success and efficiency.
💡Customer Success Spotlight:
Earth-Kind Gets Lean, Mean and Green with NetSuite
EarthKind is guided by a simple idea: Preserve the good, prevent the rest.
EarthKind is leading a movement of farmers and families who demand safe, sustainable alternatives. By providing naturally designed products that really work, consumers are prepared to make healthier choices.
The rapidly growing manufacturer of the first all-natural rodent repellent certified by the FDA for indoor use is able to provide on-time, same-day shipping more quickly and easily without multiple data entry points.
Reduction in order entry time of at least 85 percent.
Rapid growth, scaling at 40 percent for the past six years, serving 20,000 retailer locations, including large retail chains like Ace Hardware, John Deere and Tractor Supply with drop ship capabilities to multiple retailers, including 4,500 Ace Hardware stores alone.
ROI on NetSuite realized in less than a year due to savings on personnel time rekeying data entry.
Customer and order information is tracked across B2B, B2C and multiple retail channels with unique specifications for each.
Improved invoice accuracy helped achieve "A" grades from large retailer customers, helping to improve shelf space and terms.
Easy-to-use system won widespread adoption at the manufacturing plant and reduced training time.
Improved customer satisfaction thanks to ability to email customers and communicate order status.
NetSuite’s cloud-based anywhere, anytime access provides flexibility for a remote workforce.
Challenges
"Swivel-chair" order entry system left employees repeatedly entering the same data into multiple systems, introducing errors and creating a drain on personnel.
Complexity of multiple systems made staff training and visibility across systems difficult.
Previous solution couldn't scale to accommodate growing transaction volumes.
Major retailers running lean operations demanded the same lean operations of their suppliers.
Solution
All business operations streamlined onto NetSuite's unified platform combining CRM, ERP and ecommerce.
Easy customization allowed Earth-Kind to shape NetSuite to the way it operates.
Automatic shipments and automatic fulfillment no longer need manual entry with a NetSuite script.
Reach out to our team for a Demo.
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