Acumatica vs NetSuite: Key Differences
Do you want to save your business time and money all while streamlining processes and maximizing profits? If so, an ERP system is something your business needs to invest in. But the question is, which is the best ERP for your business?
This article is going to look at two of the heavy hitters in this arena. Acumatica vs NetSuite: how are they similar, where do they differ, and which is ultimately better?
If you’ve been having trouble choosing between different ERP systems, then this is the guide for you. Read on to learn about two of the best ERP systems now.
What Is an ERP System?
For the uninitiated, let’s take a look at the basic premise of an ERP system. The acronym ERP stands for enterprise resource planning. This refers to the administrative processes that make a business tick, such as human resources, accounting, and inventory management.
An ERP system is a piece of software that helps to automate some of these processes, help them run more smoothly, and make the various facets of business administration easier to keep track of.
About Oracle NetSuite
NetSuite was first created in 1998 as accounting software that has since expanded into the realms of CRM, marketing automation, and of course, ERP. It’s a cloud-based system that offers all of the standard ERP features. Its pricing is based on required data storage along with other factors.
About Acumatica ERP
Compared to NetSuite, Acumatica is a new kid on the block. Founded in 2008, it too offers a range of different types of software, including ERP systems. Acumatica software costs are priced on a per-user basis.
Acumatica vs NetSuite
So, which of these two impressive ERP systems is best for your business? While both are similar, they do share some key differences. The pricing structures are one thing to consider.
As well as this, NetSuite offers great scalability and tends to be used by businesses of any size, from small companies to multinational corporations. Acumatica, meanwhile is a favorite of smaller or medium-sized businesses.
Both are cloud-based platforms, but Acumatica does offer on-premises and hybrid cloud options. NetSuite operates on a more traditional SaaS deployment model.
Both offer most of the standard functionalities that you’d expect from an ERP. However, NetSuite offers some core accounting functionality that Acumatica does not.
If you’re an international business, NetSuite might be better suited to your needs. It offers the ability to transact in almost 200 currencies and 27 different languages. Acumatica does have translation and conversion tools, but they tend to be more fiddly to deal with.
The Bottom Line
An ERP system is a big investment for any business. Because of this, diligent research is necessary before any decision can be reached. Hopefully, this Acumatica vs NetSuite guide will make your final decision a little bit easier.
Are you looking for more software comparisons and tech tips? If so, we’ve got plenty more where that comes from on the rest of the site.