Choosing ERP software is a big decision for any company. It’s essential to know the pros and cons of each system before making a decision. The right choice for your business will depend on several factors, including your company’s size, industry, and budget.

Some of the most critical considerations for ERP software are:

  • The company size and number of employees
  • The industry type
  • The types of data you want to track and store in the system
  • How much data you have stored in other systems, such as CRM or POS systems, that need to be integrated with your ERP system

If you’ve been looking at ERP companies, you have likely figured out that Acumatica and NetSuite are both prominent ERP providers. This article will compare the two and see how they stack up.

Understanding NetSuite ERP

NetSuite is a cloud-based business management suite that offers a wide range of modules that can be customized to suit the needs of an organization. The suite includes CRM, ERP, and ecommerce modules.

Founded in 1998, NetSuite ERP has been designed to help businesses improve their performance and efficiency. It offers a wealth of features that can be used to create more efficient business processes and help employees, leaders, and stakeholders make more informed data-driven decisions.

With NetSuite, businesses can automate their processes, improve visibility into their operations, and make better decisions about the best ways to grow and scale their companies.

What types of companies use NetSuite?

NetSuite has over 31,000 customers in over 100 companies, and an impressive 20% of Fortune 100 companies use NetSuite.

It also has a large customer base for small and medium-sized businesses. NetSuite is most commonly used by companies with 10-50 employees and 1-10 million dollars in revenue.

NetSuite supports these industries:

  • Financial services
  • Professional services
  • Hospitality
  • Healthcare
  • Retail
  • Manufacturing
  • Wholesale distribution

How much does NetSuite cost?

NetSuite’s pricing is based on a few factors, including the platform, which modules you add, and the number of users you have accessing the system. It’s a subscription model that starts at a $999 licensing fee per month, with an additional charge of $99 per user. You can add modules as needed, making NetSuite a flexible option for growing companies.

There are also some additional one-time fees when you’re first starting for setup. Unfortunately, there is no option for a free trial.

What are NetSuite’s features?

NetSuite provides comprehensive functionality to manage every aspect of a business. NetSuite ERP features include:

  • CRM
  • Financials
  • Manufacturing
  • Supply Chain Management (SCM)
  • Project Portfolio Management (PPM)
  • Human Capital Management (HCM)

How do I access NetSuite?

As a cloud-based ERP, NetSuite is accessible through any device connected to the internet. There is no desktop version, but there are specific applications for iOS and Android.

This means that your business’s OS isn’t important.

How is NetSuite hosted?

NetSuite is exclusively cloud-based, offering no on-premise option for hosting. They are frequently rated as the #1 cloud ERP.

Understanding Acumatica

Acumatica ERP helps companies manage their operations, processes, and data in one place. It provides a 360-degree view of your company’s performance and enables you to act on the business areas that require the most attention at any given time.

Acumatica has a built-in dashboard to track KPIs and analytics, which makes it easy to identify the root cause of any issue. It also integrates with other software such as Shopify and PayPal to offer your company a complete end-to-end solution using software you’re already comfortable with.

What types of companies use Acumatica?

Acumatica is designed for small to medium-sized businesses. According to enlyft, 78% of companies using Acumatica are small, 11% are medium-sized, and 5% are large.

It has tailored solutions in manufacturing, distribution, service industries, retail-commerce, and construction. However, since it’s a flexible cloud solution, Acumatica has customers from all sectors, including education, travel and hospitality, and non-profit.

Acumatica has over 8,000 customers in more than 50 countries.

How much does Acumatica cost?

Acumatica doesn’t have a static pricing plan. Instead, it creates quotes based on your business’s needs, industry, time frame, and the country you’re based in.

The basic structure for payment includes a subscription fee based on which edition you use, your storage, whatever support and services you need, and the third-party software that can be purchased through Acumatica.

The number of users who access your system doesn’t affect the cost, which is a unique pricing structure for ERP companies. You pay strictly based on your resource usage, which is helpful if you have many part-time employees or suppliers.

What are Acumatica’s features?

Acumatica provides dashboards, reporting tools, centralized security, customization tools, and integrated document management.

On top of that, there is a robust marketplace for third-party software. So if you can’t find a feature you need, you can likely find it within the marketplace.

Additionally, Acumatica offers a sandbox service, so you can see how changes you make would affect your system without needing to go through trial and error.

How do I access Acumatica?

Like NetSuite, Acumatica is a cloud-based ERP and is available through a browser, iOS, and Android. There is no desktop application.

How is Acumatica hosted?

Acumatica offers hosting services and also allows third-party private hosting. However, the company doesn’t recommend that approach because you lose access to the benefits of Acumatica’s cloud services.

These benefits include around-the-clock monitoring, backup services, software updates, application maintenance, and disaster recovery.

Choosing the Right ERP for You

Choosing an ERP system is a daunting task. When choosing the right system for your business, there are many things to consider.

Both Acumatica and NetSuite are top-rated ERPs, but NetSuite is better suited to mid-sized to large companies with a bigger budget. In contrast, Acumatica is more suitable for smaller companies that want to use extensive customization.

Acumatica Cloud ERP is the most powerful cloud-based ERP solution available for small to medium-sized businesses. If you’re wondering if Acumatica ERP is the right solution for you, we can help! Our team is here to walk you through every step of the way, from picking an ERP to implementation. So call us today and get started.

You can also click here to learn more about Acumatica Construction ERP & Acumatica Distribution ERP.

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