As your business grows, you may find that your entry-level accounting software can no longer keep up with your needs. When this happens, it may be time to switch to a more robust system.
Two of the most popular options are Oracle NetSuite and Sage Intacct. This article will discuss the factors to consider when choosing a more powerful accounting system. We’ll also examine the differences surrounding Oracle NetSuite vs Sage Intacct and determine which one is better suited to provide you with the scalability and flexibility you need to expand your business.
Factors to Consider When Choosing an Accounting System
When it comes to choosing an accounting system for your business, there are a few factors you need to consider. You want a system that is flexible and can be customized to fit your specific business needs.
To evaluate an accounting system for your business, you first need to define your business needs. What processes do you need to automate? What features are most important to you? Once you have a clear understanding of your needs, you’ll be better equipped to start evaluating different systems to see which one is the best fit.
You’ll also want to make sure that the system is scalable. This means that the system can grow with your business. You should be able to add users, modules, and functionality as your company expands.
In the long run, it’s best to consider a more holistic system that can handle more than just your accounting system and support your entire operation, which ensures a better growth path for your business.
NetSuite vs Intacct
Overall, Intacct is more of a niche system specifically for the purposes of accounting and financial functionality. In contrast, NetSuite is a much more comprehensive system for running all facets of a business.
NetSuite is also more suited for running larger, global corporations, as they support 27 languages, over 190 currencies, and transactions in 90+ bank formats, and tax and reporting for over 100 countries. Intacct’s capabilities are not nearly as extensive, being better suited for smaller, intra-national businesses, given it has difficulty handling monetary conversions to other currencies.
Whereas both NetSuite and Intacct offer reporting capabilities, NetSuite’s is far more extensive and user-friendly, with multiple customizable reporting dashboards and over 200 pre-built reports populated with real-time data. Intacct, in contrast, offers less than 70 pre-built reports and struggles with providing real-time data due to the nature of its architecture.
Implementation is also a significantly smoother process with NetSuite. They have developed the “SuiteSuccess” system implementation methodology, which brings decades of data and experience in offering a customized implementation plan tailored to your company’s size, industry, and available resources.
Intacct offers implementation assistance to its customers as well, but its program is nowhere near the scale of NetSuite’s SuiteSuccess, nor is it as comprehensive.
NetSuite also offers 24/7 multilingual, international support, and a three-tiered support program. Each customer account is entrusted to a dedicated account manager, and they also offer an extensive searchable knowledge base and an active forum for collaboration with other users.
Intacct, in contrast, has limited hours of technical support and currently only offers English-language support. It also offers a user community but has only one tier of support.
Feature Comparison: NetSuite vs Intacct
Though Oracle NetSuite and Sage Intacct have many similar features, there are also many differences. See below for a side-by-side comparison of some of the most prominent features users are searching for.
(Adapted from NetSuite vs. Intacct, ERP Comparison Guide 2021)
|Forecasting and Budgeting||X||X|
|Financial Planning and Analysis||X|
|Global Accounting and Consolidation||X|
|Global Tax Management||X|
|Governance, Risk and Compliance||X|
|Supply Chain and Warehouse Management|
|Global Supply Chain Planning and Execution||X|
|Warehouse and Fulfillment||X|
|Warehouse Management System||X|
|Professional Services Automation|
NetSuite Is the Better Option
In sum, Oracle NetSuite is a better option than Sage Intacct in several key ways:
- NetSuite offers a much more comprehensive and complete suite of features and functionalities.
- NetSuite is built on a much more robust and scalable architecture that can accommodate the needs of even the most demanding enterprises.
- NetSuite has superior levels of technical support and implementation assistance.
Are you wondering if NetSuite is the right option for you? Contact us today, and we can assist in evaluating your business needs to help you find the solution that is best for your company.