Running a business might seem simple, but it’s not the bed of roses. Launching the result-oriented marketing campaigns and designing the right product is not all that you need to succeed in today’s digital world. Well surely, these things are essential, but there are other factors to consider (behind the scene things, you know).
Honestly, what you need today is the technological prowess that can streamline and simulate all the different business aspects. And two of the more important business functions that you need to streamline include finance and accounts departments. Truth be told, businesses struggle to manage the finances and accounts, so why not use the accounting software or platforms. With this article, we are sharing information about Intacct Vs. NetSuite because these the top-notch options!
How Do We Compare Intacct Vs. NetSuite?
NetSuite Vs. Intacct is the million-dollar debate but understanding the company profile is essential. So, NetSuite is the suitable choice for cutting-edge companies that need smartphone-integrated tools and cloud access. NetSuite is a great option for companies that have different branches since accessing information in real-time is easier.
NetSuite will be a great platform for growing businesses since users can customize and integrate the features according to the growth rate. Back in 2016, it was acquired by Oracle, and this platform has improved ever since then. It offers features such as inventory management, billing, invoicing, financial management, and fixed assets.
These solutions promise higher productivity in the employee since they can integrate the cross-department systems and automate the systems. With real-time visibility, it leads to effective decision-making.
- Sage Intacct
Intacct was released back in 1999 and was launched as one of the first cloud accounting and web-based products. Sage Intacct is famous as the financial management system, which offers accounting software that’s suitable for huge-scale and medium-scale businesses. They have various financial-based applications, such as order management, cash management, reporting, and dashboard.
In addition, it offers billing, financial reporting, sales, inventory management, project accounting, and taxes. Intacct offers in-depth support for time-based billing along with remote convenience.
- Sage Intacct
Sage Intacct has a wide range of applications when it comes down to financial management. With financial management, it can handle accounts payable, general ledger, account receivable, multi-currency, fixed assets, revenue recognition, financial forecasting, budgeting, subscription billing, and revenue recognition. It can help with expense management as well.
With supply chain management, the users can access procurement, order management, and inventory management. However, there are no features available from Sage Intacct when it comes down to human capital management and retail or eCommerce. The professional service automation of Intacct offers project management, timesheet management, and resource management.
With the financial management niche, NetSuite offers account payable, general ledger, account receivable, multi-currency, multi-company consolidation, fixed assets, subscription billing, revenue recognition, budgeting, forecasting, financial analysis, and financial planning. Also, NetSuite offers an extensive range of features through supply chain management.
The supply chain management includes procurement, order management, production management, warehouse and fulfillment, inventory management, demand planning, work orders, work assemblies, BOM maintenance, and shop floor control. As for NetSuite, the companies can access human resource management and payroll.
The best thing about NetSuite is that it offers multiple features with eCommerce, such as order and inventory management, point of sales, eCommerce, product content management, and marketing automation of eCommerce. As for professional service automation, it offers project management, expense management, timesheet management, and resource management.
Intacct Vs. NetSuite Pricing
Intacct vs. NetSuite Pricing is the essential factor when it comes down to deciding between NetSuite vs. Intacct. This is important because both platforms have different price factors. Generally, Intacct is considered to be the less expensive platform or software as compared to NetSuite. Still, it’s important to understand the exact costs, so let’s dive right in!
To begin with, the costs of NetSuite depend on module selection, the number of users, implementation, support expectations, and additional factors. There are multiple editions, such as enterprise, mid-market, and limited and all three of them offer different user license levels along with the number of legal entities. Also, the price of NetSuite depends on the costs of the additional services.
For the most part, the approximate cost starts from $99 per user on a monthly basis. The plans are designed with contracts that need to be renewed on an annual basis. On the other hand, integration, implementation, data migration, and customization will increase the costs. As for the setup costs, they range from 100% to 200% of the annual subscription charges.
- Sage Intacct
The cost of Intacct starts from $400 on a monthly basis. The per-user costs will be $225 for one month. Intacct needs annual contract renewing. As for the final costs, it depends on the add-ons and integrations according to the companies’ needs. Generally, the single-user system will cost up to $8,000 on an annual basis.
While, Intacct vs. NetSuite is a never-ending debate, however, analyzing genuine customer reviews can help make the right decision for choosing between the two.
- Sage Intacct
Sage Intacct is recommended by around 81% of the users, and with 225 reviews, the software received four stars.
NetSuite is recommended by around 78% of the users, and around 91 reviews have given four stars. This obviously shows that Sage Intacct a preferred choice.
Intacct Vs. NetSuite Similarity
It’s evident that these are two different platforms, but also share various similarities. To begin with, both of them offer a cloud-based financial management platform that is designed to improve the functionality and performance of the businesses. The cloud means the businesses don’t have to build the in-house IT infrastructure.
With cloud-based technology, both these platforms offer better data access irrespective of the time. That being said, the companies will be able to access the data on every supported browser and device. Also, the data remains encrypted and secure, and platforms will offer ultimate protection from loss and theft. With the deep functionality of Intacct and NetSuite, the platforms work great for growing businesses.
Intacct Vs. NetSuite Differences
NetSuite is known to be the all-in-one and integrated ERP and CRM software that is integrated with marketing, eCommerce, and business analytics. This is an omnichannel platform which means it can be used in stores, phones, and the web. It offers scalability without any additional upgrades. This is the verticalized platform and offers two releases on an annual basis.
Intacct is only good for finances and accounting. This is a scalable platform and is not verticalized. It can be used with third-party features and add-ons. As for the releases, it has four releases on an annual basis.
NetSuite Vs. Intacct Alternatives
Alternatives to NetSuite
Odoo is a top-notch management software for running the business and one of the strongest contenders to NetSuite. This is known to be the open-source ERP software that is integrated with multiple business modules. Initially, it’s designed for small-scale companies, but with the customization option, it can be used for businesses of different scales and sizes. There are thirty different modules available with Odoo.
Odoo modules include customer relationship management, eCommerce, inventory management, manufacturing, project management, accounting, employees, and manufacturing. However, new modules can be added according to the business needs. Odoo starts with around $12 on a per-user basis. Also, it comes with a 15-days free trial.
Brightpearl is a suitable choice for brands, retailers, and wholesalers. This is the cloud-based ERP that can be integrated for streamlining the back-end office features and functionalities. Brightpearl has a well-integrated back-office management system that includes financial management, warehouse and fulfillment, inventory management, accounting, and customer management.
In addition, it includes payments and workflow automation. With Brightpearl, the businesses can check the data on a real-time basis and check how the sales are performing on different channels. As far as the costs are concerned, they have different subscription plans and can be chosen according to the sales volume and annual revenue.
- Epicor ERP
This is a fully integrated ERP suite that is designed for medium-scale companies with a manufacturing niche. There are multiple features integrated with Epicor ERP that empowers the manufacturers to handle every possible aspect of the business. It has cloud-based and on-premise installation.
Epicor ERP includes financial management, CRM, human capital management, asset and service management, project management, product management, business intelligence, sales management, and supply chain management. As far as the costs are concerned, the businesses will need to ask for a quote since pricing information is not displayed on the website.
- Dynamics 365
This is the cloud-based ERP software which is designed by Microsoft. It is integrated with CRM and intelligent workflow for the automation of manual tasks. It has an extensive range of tools that can improve business operations and lead to a higher sales funnel and sales. It has cloud-based and on-premise integration.
Dynamics 365 has multiple modules, which include sales, customer service, marketing, retail, project service automation, finance and operation, talent, and field service. There are seven different pricing plans designed by Dynamics 365.
Acumatica is the ERP solution with full-range integration and is integrated with a variety of self-service features and tools. These tools are designed to offer better insights into the business. The key features of Acumatica include commerce, business intelligence, projecting accounting, and distribution management. All in all, the pricing is determined by the apps and features that businesses want.
Alternatives to Intacct
- QuickBooks Online
This is the accounting software that is designed for small-scale and medium-scale businesses. This is the cloud-based platform for accounting and financing parts of businesses. The features include monitoring financial reports, reconciliation of bank accounts, bill payments and management, expense and income tracking, and invoice drafting.
Dont forget to check netsuite vs sap guide.
- Adaptive Insights
This is the basic software for small-scale businesses since it offers forecasting, budgeting, analysis, and reporting. Adaptive Insights allows businesses to work on administrative tasks and build dashboards. The best thing about this platform is that it has a similar interface to Excel, which makes it suitable for employees since employees and businesses have been using Excel for years.
This platform is designed to offer a wide range of functions and features, including project management, business accounting, and intelligence. It can help track the expenses, time, accounts payable, accounts receivable, reporting, and invoicing. It has a cloud subscription and is suitable for different industries out there.
This is the platform that helps users with the management of accounts and finance management, such as payments, billings, invoices, payroll, receipts, and personal finance. This is a cloud-based platform and can be implemented for free. However, some premium features will cost more, so it’s more of a pay-as-you-go platform.
Is Intacct an ERP system or accounting system?
Intacct is the cloud-based ERP software that can be used for automating accounting processes. That being said, it can help with growth and improve business visibility. There are financial features, and users can also get their hands on the modules.
Are NetSuite ERP features similar to Intacct?
To begin with, both these platforms offer similar flexibility standards, but the operations are somewhat different. Intacct is the accounting software with low costs, while NetSuite has up-front resources with higher costs.
What is the difference between oracle and Intacct?
NetSuite is known to be the fully integrated software that includes the ERP, accounting, and CRM. On the contrary, Intacct is an accounting system with a cloud configuration.