Acumatica vs Netsuite: Which Cloud ERP Solution is Right for Your Business?

If you're looking for a cloud-based ERP solution, you've likely encountered Acumatica and Netsuite. Both are popular options with various features and benefits, but which is right for your business? In this blog, we'll compare Acumatica vs Netsuite to help you make an informed decision.

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Overview of Acumatica and Netsuite

Acumatica is a cloud-based ERP system that offers a variety of modules, including financial management, distribution, manufacturing, project accounting, and more. It's known for its flexibility and scalability, with the ability to customize the system to meet the unique needs of your business. Acumatica also has a user-friendly interface and offers a mobile app for on-the-go access.

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On the other hand, Netsuite is a cloud-based ERP system that offers a suite of applications, including financial management, CRM, e-commerce, inventory management, and more. It's known for its comprehensive feature set and has been a popular option for small to mid-sized businesses for many years.

Comparison of Features

While both platforms aim to help businesses manage their operations, they differ in several ways. 

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Acumatica Features

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Acumatica is a cloud-based ERP system designed for small and medium-sized businesses. It offers a range of features, including financial management, customer management, project management, and inventory management.

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1. Financial Management: Acumatica's financial management module helps businesses manage their accounting operations. It includes accounts payable, accounts receivable, general ledger, and fixed assets.

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2. Customer Management: Acumatica's customer management module helps businesses manage customer relationships. It includes sales orders, purchase orders, quotes, and contracts.

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3. Project Management: Acumatica's project management module helps businesses manage their projects from start to finish. It includes time tracking, project billing, and project planning.

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4. Inventory Management: Acumatica's inventory management module helps businesses manage inventory levels. It includes features such as inventory tracking, order management, and purchasing.

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NetSuite Features

NetSuite is also a cloud-based ERP system designed for small and medium-sized businesses. It offers a range of features, including financial management, customer management, project management, and inventory management.

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1. Financial Management: NetSuite's financial management module helps businesses manage their accounting operations. It includes features such as accounts payable, accounts receivable, general ledger, and fixed assets.
2. Customer Management: NetSuite's customer management module helps businesses manage customer relationships. It includes sales orders, purchase orders, quotes, and contracts.
3. Project Management: NetSuite's project management module helps businesses manage their projects from start to finish. It includes time tracking, project billing, and project planning.
4. Inventory Management: NetSuite's inventory management module helps businesses manage their inventory levels. It includes features such as inventory tracking, order management, and purchasing.

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Comparison of Features

Now that we have looked at the features of both Acumatica and NetSuite let's compare them.

1. Customization: Acumatica is known for its customizable interface, which allows businesses to tailor the software to their specific needs. NetSuite also offers customization options that are not as extensive as Acumatica's.

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2. User Interface: Acumatica's user interface is intuitive and easy to navigate. NetSuite's user interface is more complex and may take some time to learn.

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3. Cost: Acumatica's pricing is based on the number of users and modules needed. NetSuite's pricing is based on the number of users and the level of customization required. Overall, Acumatica is considered more affordable than NetSuite.

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4. Scalability: Acumatica is designed to be scalable, which means it can grow with your business. NetSuite is also scalable, but its pricing structure can make it more difficult for small businesses to scale up.

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Comparison of Pricing

Regarding pricing, both Acumatica and Netsuite use a subscription-based model. However, Acumatica's pricing is more transparent and flexible, with the ability to add or remove modules as needed. On the other hand, Netsuite has more complex pricing, with additional fees for customization and implementation.

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Acumatica Pricing

Acumatica is a cloud-based ERP software that offers flexible pricing options. The company offers three pricing tiers: Standard, Advanced, and Enterprise. The pricing for each level is based on the number of users, modules, and features your business requires.

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Standard

The Standard pricing tier is the most basic and includes essential modules like financial management, customer management, and project accounting. The pricing for this tier starts at $4,000 per year for up to five users. Additional users can be added for an extra cost.

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Advanced 

The Advanced tier includes all of the features of the Standard level, as well as advanced modules like inventory management and order management. This tier starts at $8,000 per year for up to five users.

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Enterprise

The Enterprise tier includes all of the features of the Advanced level, plus additional functionality like intercompany accounting and advanced financial reporting. The pricing for this tier is customized based on the business's specific needs.

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Overall, Acumatica pricing is very flexible and can be tailored to meet the needs of businesses of all sizes.

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Netsuite Pricing

Netsuite is also a cloud-based ERP solution offering various pricing options. The company offers four pricing tiers: Limited, Mid-Market, Enterprise, and Global. The pricing for each level is based on the number of users, modules, and features your business requires.

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Limited

The Limited pricing tier is designed for small businesses and includes essential financial and customer management features. The pricing for this tier starts at $999 per month for up to five users.

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Mid-Market

The Mid-Market tier includes all of the features of the Limited level, as well as additional modules like inventory management and order management. The pricing for this tier starts at $2,999 per month for up to ten users.

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Enterprise

The Enterprise tier includes all of the features of the Mid-Market level, plus additional functionality like advanced financial management and supply chain management. The pricing for this tier is customized based on the business's specific needs.

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Global 

The Global tier is designed for businesses that operate in multiple countries and includes features like multi-currency support and global tax management. The pricing for this tier is also customized based on the business's specific needs.

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Netsuite pricing can be expensive, especially for businesses requiring advanced functionality.

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Overall, both Acumatica and Netsuite offer flexible pricing options tailored to meet the needs of businesses of all sizes. However, Acumatica generally offers more affordable pricing for businesses with essential to moderate requirements, while Netsuite is more expensive but offers more advanced features for companies with more complex needs.

Which One Should You Choose?

Ultimately, the decision between Acumatica vs Netsuite comes down to the unique needs of your business. If you're looking for a flexible and customizable system with robust manufacturing capabilities, Acumatica may be the better option. 

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If you're looking for a comprehensive suite of applications with advanced CRM and e-commerce capabilities, Netsuite may be the better option.

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At AHT Tech, we're experts in Acumatica and can help you determine if it's the right solution for your business. Contact us today to learn more.

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