Finding the right Enterprise Resource Planning (ERP) solution is challenging. For many businesses, it comes down to Oracle NetSuite and QuickBooks. Both platforms have different strengths and weaknesses, and here at Catalyst ERP, our experts look at which solution might be best for your business.
Is NetSuite better than QuickBooks?
Oracle NetSuite is a cloud-based ERP solution, perfect for businesses of all sizes. QuickBooks is an accounting software best suited for micro businesses or businesses just starting out. Both cloud-based solutions give you great flexibility by allowing you to access data remotely. With a variety of financial management tools available, the choice will be down to your specific requirements. So, is NetSuite better than QuickBooks?
Oracle NetSuite vs QuickBooks: A Head-to-Head Comparison of Key Features
Financial management capabilities
In the race of Oracle NetSuite vs QuickBooks, both hold their own in terms of advanced capabilities. That said, QuickBooks might be better suited to those with smaller in-house accounting teams, limited accounting training, as it provides effective financial management services for basic tasks.
NetSuite has the obvious advantage. Its advanced features for financial management ideally suit businesses looking to scale. The robust tools for accounting, financial planning, reporting, and expense management make it perfect for optimising business processes. You can even use the platform’s integrated approach to get a holistic view of financial data, helping you make better decisions and optimise financial processes.
Reporting and analytics
NetSuite is a comprehensive ERP solution, with advanced reporting and analytics tools to help businesses like yours gain in-depth insights into financial performance. One thing that many users love about it is the customisable dashboards and reports, allowing you to analyse data from different angles to make more informed decisions.
QuickBooks has several standard financial reports. For businesses seeking basic accounting functions or in the early stages of their business, it might be a good choice, but many prefer the reporting and analytics features of NetSuite. The video below shows NetSuite’s multidimensional analysis capabilities, so you can see how the tool combines statistical, operational, and financial data with ease.
User interface and ease of use
The user-friendly interface of QuickBooks is considered to offer ease of use, as it has a simplistic design specifically for micro businesses with limited accounting expertise.
NetSuite, on the other hand, has a detailed intricate interface, and boasts a more comprehensive ERP solution. This makes it an excellent choice if you are a business that needs to scale up.
Scalability and customisation
QuickBooks is a good starting point for micro businesses, but many organisations like yours find that they face limitations when it comes to scaling this cloud-based solution to suit their business strategies.
This is where NetSuite has the obvious advantage.
NetSuite is designed for a wide range of businesses, with advanced software capable of meeting the complex and evolving needs of a growing enterprise. It can easily handle increased transaction volumes, users, and business complexities. It is also highly customisable to suit your business requirements.
Seamless integration
One of the biggest demands for our customers is ensuring the cloud-based platform seamlessly integrates with third-party apps, such as your current Customer Relationship Management (CRM). Both QuickBooks and NetSuite achieve this, though many find that QuickBooks is more limited in its integration capabilities.
Oracle NetSuite’s third-party integration capabilities are not only more robust but also flexible. They connect with numerous external systems and synchronise data with ease. Our NetSuite integration services ensure all of your third-party applications and systems are integrated with your NetSuite programme effectively.
Which tool do Catalyst ERP’s customers prefer?
As ERP specialists, we here at Catalyst ERP understand how important it is to find the right cloud-based solution for your business. Many of our clients opt for Oracle NetSuite optimisation services to gain greater insight into their business finances, thanks to its ability to showcase real-time data. See the reviews below from our happy customers.
When should I move from QuickBooks to NetSuite?
QuickBooks is a good choice for smaller enterprises with limited accounting understanding, but many growing organisations find that they need to choose a different solution to support their growth. When it comes to NetSuite vs QuickBooks, NetSuite is the obvious choice.
NetSuite offers greater flexibility and insight into your organisation. Here at Catalyst ERP, we offer a range of solutions to help you optimise your NetSuite experience, including:
- NetSuite Accounting
- NetSuite Expense Management
- NetSuite Resource Planning and more.
Discover how NetSuite could transform your business
NetSuite might be just what your business needs to create a customised cloud-based solution designed with your organisation in mind. Schedule a meeting with Rob Scambler from Catalyst ERP to discuss NetSuite optimisation today.
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