Battle of the Cloud: Oracle NetSuite vs Sage Intacct
Oracle NetSuite and Sage Intacct are leading accounting and business management solutions in the market. If you’re considering investing in one, a comparison will help you determine the right answer, depending on your needs.
We’ll start by going over the basic features of each and then discussing the differences between the two business management tools.
What is NetSuite ERP?
NetSuite ERP is a cloud-based scalable business management solution that’s developed for growing small enterprises and large multinational corporations. It uses a combination of reliable financial tools and built-in business intelligence functionalities.
NetSuite can be tailored to fit the needs of different organizations, depending on their firm size, the industry they operate in, and their growth targets. NetSuite offers several module add-ons and works seamlessly with many other third-party apps that enable customization and enhanced capabilities.
What is Sage Intacct?
Sage Intacct is a cloud-based accounting software that’s designed specifically for finance professionals. Although Sage Intacct is also an ERP system, the main focus is on financials.
Like NetSuite, this solution is also scalable, allowing users to handle a growing number of customers and transactions easily. It also features several module add-ons, but they are mainly focused on enhancing core accounting capabilities and versatile reporting.
Which Is Better?
Both Sage Intacct and Oracle NetSuite are in the cloud, which means users have access to real-time information at all times. All data on the cloud is encrypted, ensuring heightened security and data protection. Additionally, it also eliminates the issues and costs of maintaining an internal server in the company.
When compared to small business accounting systems like QuickBooks, both solutions offer much more comprehensive capabilities and incorporate features that address essential business functions. Large firms often have extensive operations in different countries and have to work in various currencies—both systems address this issue.
The core difference then boils down to the range of features offered by each. While Sage Intacct focuses on developing strong accounting capabilities, NetSuite is an “all-in-one” solution that addresses finance, supply chain, warehousing, e-commerce, and quality management together.
Work with the NetSuite Experts Today
If your company is looking to implement a smart business management tool, NetSuite’s ERP cloud platform is the industry choice for inventory and order management, financials, and customer relationship management (CRM).
Work with the experts at Ravenstone Solutions to implement, optimize, and customize NetSuite to meet your firm’s requirements.
To find out more about NetSuite cloud solutions, call 1-800-459-7128.