NetSuite and Sage Intacct are two cloud-based, strong programs that assist organizations automate their processes. NetSuite is an enterprise useful resource planning (ERP) resolution with monetary administration options, whereas Sage Intacct is accounting software program that integrates with third-party functions.
On this publish, we’ll examine each software program options on a number of elements.
Why are NetSuite and Sage Intacct Totally different?
- NetSuite is a full-fledged ERP system, whereas Sage Intacct is accounting software program with some ERP options (e.g., stock administration and order administration).
- Each distributors assist firms with a number of entities, however this function is customary in NetSuite and elective in Sage Intacct.
- NetSuite and Sage Intacct present customers with related assist options (e.g., information base, ticketing system). Nonetheless, NetSuite has an elective Premium plan, whereas Sage Intacct affords further networking alternatives for customers.
NetSuite is cloud-based ERP software program from Oracle that permits firms to streamline enterprise processes and scale fast-growing companies. It integrates and automates key useful areas like monetary administration, income administration, stock administration, order administration, billing, eCommerce and buyer relationship administration (CRM). NetSuite targets medium and enormous companies.
Sage Intacct is a cloud-based accounting and monetary administration resolution that helps enhance productiveness for CFOs, controllers and accountants by automating frequent finance duties. It’s a scalable resolution that may be personalized to suit a company’s distinctive necessities. It contains core monetary modules corresponding to a normal ledger, accounts payable, accounts receivable, buying, order administration, money administration, reporting and dashboards, and collaboration.
NetSuite’s Cloud Accounting module contains core accounting options, corresponding to a normal ledger, accounts payable, accounts receivable and money administration. It automates most duties, so Finance groups have extra time to concentrate on strategic processes (e.g.,investigating discrepancies in transactions, analyzing tendencies). The overall ledger has customized account sorts, transactions and reporting segments that meet a enterprise’s distinctive necessities. NetSuite helps a number of books, currencies and tax constructions.
Further core accounting options embrace tax administration, mounted property administration and fee administration.
Sage Intacct’s Core Financials platform consists of those modules: Clever Basic Ledger, Accounts Payable, Accounts Receivable, Money Administration, Order Administration and Buying. The Clever Basic Ledger makes use of synthetic intelligence (AI) to detect any outliers within the normal ledger. Customers can run stories on the information and even drill down into the supply transaction.
Sage Intacct additionally automates multi-entity processes, together with foreign money fee tables and conversions. The Core Financials platform integrates with third-party enterprise programs (e.g., CRM software program), so gross sales orders and invoices are robotically posted to the final ledger or accounts receivable data.
Each options have related core accounting options, however NetSuite’s normal ledger performance doesn’t embrace AI options, whereas Sage Intacct does. Additionally, whereas Sage Intacct does have multi-entity capabilities, a few of these options are solely out there within the elective Multi-Entity and International Consolidations module.
Budgeting and Planning
The NetSuite Planning and Budgeting module has a number of options to assist firms automate their budgeting processes. It contains prebuilt workflows for monitoring finances opinions and approvals, in addition to finances templates that dynamically import information from the final ledger. Customers can create forecasts primarily based on precise information, in addition to carry out situation modeling and multidimensional planning, together with complicated calculations (e.g., projected income, money circulation). They will additionally plan for income, operational bills and workforce.
Further options embrace prebuilt information synchronization, built-in monetary statements, income planning, workforce planning, dashboards and integration with Microsoft Workplace.
Sage Intacct’s Budgeting and Planning resolution is meant for firms that need to migrate from spreadsheets and electronic mail for his or her budgeting duties. It comes with prebuilt workflows, greatest practices and spreadsheet-based formulation, so customers can carry out modeling eventualities and different duties.
The software program has bidirectional integration with the Core Financials platform. This manner, customers can examine efficiency and projections in opposition to precise information utilizing stories and dashboards. Customers can even invite their colleagues to construct, edit or present suggestions on budgets as a result of everybody can work off the identical model and may see who’s up to date the finances and when.
Budgeting and planning is an ordinary module in NetSuite’s Monetary Administration resolution, whereas it’s separate software program in Sage Intacct that’s built-in with its Core Financials platform.
NetSuite’s Stock Administration module helps customers preserve monitor of their objects. It automates the replenishment course of by calculating lead occasions or reorder factors, and it notifies customers if an merchandise is low in inventory. The Stock Depend function lets customers group their objects in classes primarily based on transaction quantity, and customers can even manually enter periodic counts of the objects. Further options embrace lot monitoring traceability, serial monitoring traceability and multiwarehouse monitoring.
The elective stock administration resolution permits customers to trace their stock in actual time. It contains customary and customized templates for varied metrics, corresponding to changes, transfers and scrap. Customers can use the reporting options for optimizing their stock processes throughout a number of warehouses and places.
NetSuite and Sage Intacct present shoppers with related stock administration options. However they’re included as an ordinary module in NetSuite, whereas it’s an elective one for Sage Intacct.
With NetSuite’s Order Administration module, organizations can monitor their complete order lifecycle throughout a number of channels. The pricing administration function handles a number of value ranges, currency-specific pricing, greenback and proportion reductions and promotions.
The gross sales order administration function contains customizable approval workflows, real-time gross revenue evaluation and grid order administration (for getting into and printing orders in a grid format). Lastly, customers can monitor product returns with the returns administration function, corresponding to Return Merchandise Authorization, warranties and buyer refunds.
Sage Intacct’s Order Administration module lets customers automate their quote-to-cash duties inside a number of channels. It has a visible navigation interface for accessing particular duties (e.g., creating gross sales orders). The software program comes with a prebuilt connection to Salesforce, so Gross sales and Finance groups can entry quotes and different related order information in a single place. It additionally integrates with Avalara, which robotically calculates the suitable gross sales tax for any order.
Further options embrace versatile subtotaling for added calculations (e.g., reductions, transport), mounted or variable pricing constructions and reporting.
Each distributors combine with Salesforce and Avalara, however NetSuite requires a third-party integration firm, whereas the 2 software program programs are included with prebuilt connectors in Sage Intacct.
NetSuite has an built-in human capital administration platform referred to as SuitePeople that helps firms handle their international staff. There’s an Worker Middle the place staff can see their paychecks, request time without work, acknowledge their friends and replace their data.
SuitePeople’s options embrace payroll, efficiency administration, compensation administration, onboarding, job administration and time-off administration.
Sage Folks is an built-in HRMS resolution that permits midsize organizations to successfully handle their international workforce. Workers can entry a personalised self-service portal to attach with co-workers, get details about their paychecks and monitor their go away balances.
Sage Folks contains automated options so HR workers can concentrate on strategic initiatives. Among the software program’s key options embrace HR and folks analytics, expertise acquisition, attendance and go away administration, worker recognition and compensation, efficiency and expertise administration, and workforce expertise administration.
Each options don’t supply built-in HR performance, however they combine with every vendor’s core HR software program. Every HR resolution affords shoppers complete options for managing human assets processes from recruiting to succession.
NetSuite makes use of a licensed annual subscription mannequin. It doesn’t publicly present pricing particulars, however primarily based on our analysis, the bottom license begins at $999 per thirty days, plus $99 per consumer, per thirty days. NetSuite affords prospects a tailor-made quote that takes every shopper’s particular necessities into consideration, in addition to ERP configuration, any add-on modules and different elements.
Sage Intacct’s subscription pricing contains its Core Monetary modules, product upgrades and assist. Purchasers can buy elective superior options (e.g., Mounted Belongings, Stock Administration). Sage Intacct doesn’t publicly show its pricing data as a result of it additionally prefers to offer prospects a customized quote. Contact the seller straight for a quote.
As a result of each NetSuite and Sage Intacct don’t show their pricing data, prospects might want to get a customized quote. They can even want to remember any further prices (e.g., implementation) that would influence the worth quoted.
NetSuite affords two assist plans: Fundamental and Premium. The Fundamental plan is included with every subscription, and its options are:
- 24/7 cellphone assist for Severity 1 (essential) circumstances
- The power to browse articles, watch tutorials and submit tickets via the SuiteAnswers information base
- Help Neighborhood consumer discussion board
The elective Premium assist plan contains all the options of the Fundamental plan, plus:
- 24/7 cellphone assist for Severity 1 and Severity 2 circumstances
- Enterprise hours cellphone assist for Severity 3 and Severity 4 circumstances
- 4 licensed assist contacts
Sage Intacct affords shoppers a Buyer for Life program that begins throughout implementation and continues after the software program goes reside. This system contains:
- A devoted Account Supervisor
- Sage Intacct consumer guides
- A Sage Intacct Neighborhood with a information base, a ticketing system and boards
- E mail and cellphone assist
Customers even have the chance to community with Sage Intacct workers and different customers by way of regional buyer meetups and quarterly consumer teams.
NetSuite affords elective Premium companies, whereas Sage Intacct doesn’t.
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