Switching from QuickBooks to NetSuite: An Overview
For businesses that are just starting out, QuickBooks is an effective and economical accounting solution. However, as businesses grow, so do their needs. The basic functionality offered by QuickBooks can’t always support the evolving needs of businesses.
In cases like these, NetSuite is a great alternative, as the cloud computing software is built to handle the complex requirements of a fast-growing business.
With advanced monitoring and reporting capabilities, NetSuite enables enhanced integration with business processes. This, in turn, allows users to gain a holistic understanding of the business and make better, more informed decisions.
If you’re still not sold on the idea, we’ve outlined the four biggest reasons for switching from QuickBooks to NetSuite today.
As your company expands, data generated from your business practices also increases exponentially, making it difficult for simpler systems, like QuickBooks, to keep up.
Cloud-based solutions such as NetSuite, offer a 360-degree view of the business’s processes, with real-time data and reporting mechanisms. Additionally, you can customize dashboards and performance metrics to meet your needs.
A multidimensional analysis with a drill-down approach leads to highly accurate reports and real-time analysis.
Effortless data sharing
NetSuite allows for automatic data sharing between departments, which makes business operations more dynamic and flexible. No time is wasted copying and sharing data between various departments, and the level of access each individual gets can also be determined via permissions.
Easy financial data consolidation
It can be difficult for organizations that are operating in different geographical locations to consolidate financial data. NetSuite OneWorld is designed specifically for companies with various subsidiaries and those that use multiple currencies.
More importantly, it is also compatible with various accounting requirements, such as GAAP and IFRS. This makes it extremely simple for businesses to comply with international standards.
Streamline e-commerce capabilities
As most businesses move online in some capacity, it becomes necessary to integrate accounting and CRM with e-commerce capabilities. NetSuite allows users to successfully integrate and track accounting, order management, customer relationship management, and e-commerce tools all in one central location.
Choose experienced NetSuite Implementation Partners Today
Ravenstone Solutions is a renowned NetSuite solution provider that helps organizations implement NetSuite tools in their business. We help clients through every phase of the process, from planning, implementation, integration, training, and support to customization.
Our team of NetSuite experts can help you make the switch from QuickBooks quickly and efficiently.
Get in touch with us at 1-800-459-7128 for more information.