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

ERP is known as a centralized software system that allows you to manage the core processes of a business and support automation in financials and accounting, order management, human resources, inventory management, and more. Utilizing cloud ERP software, vendors are able to access the database, servers, and data center infrastructure and customers via the Internet. Furthermore, you can integrate an ERP system into a business’s central hub with end-to-end workflow and data. Whether you are an SME or a large enterprise, the multiple functions of ERP software can help you customize your industry-specific software…

Famous for cloud ERP solutions, Acumatica and NetSuite help many businesses succeed in operating business. In which, Acumatica is an easy-to-use customizable cloud ERP software that brings profitability, efficiency, and more. Additionally, Acumatica also delivers a tailored solution to be flexible and scale the system for medium and large enterprises. 

Besides, Netsuite which provides comprehensive features for small and medium businesses, is an all-in-one cloud business management solution. By utilizing NetSuite’s operational and financial performance, businesses can operate more effectively by automating core processes and providing real-time visibility.

While Acumatica and Netsuite are aimed at helping businesses manage their operations, they differ in a few ways. Adapting to the essential functionality of ERP software, both Acumatica and NetSuite help you get financial management (manage accounting operations including accounts payable, accounts receivable, general ledger, and fixed assets), project management (manage their projects from start to finish, which has time tracking, project billing, and project planning), and inventory management (manage inventory levels like inventory tracking, order management, and purchases). 

However, while Acumatica delivers the customer management module, which helps businesses manage customer relationships, Netsuite only allows exporting a partial relational database. As a better functionality, Acumatica allows users to export an entire database from purchase orders, purchase orders, and quotes to contracts.

Actually, when deciding on a cloud ERP solution, there are several critical features to evaluate how the software is suitable. Now that we’ve looked at the features of both Acumatica and NetSuite let’s compare them.

Customization: Standing out the customizable feature, Acumatica promises to allow businesses to tailor the ERP software to their specific needs with more deployment options. Due to the difficulty of customization, NetSuite is less extensive than Acumatica’s. If you want to customize it, possibly you need to hire talented professionals to implement it. 

User Interface: Acumatica’s user interface is intuitive and easy to navigate. This enables the new users to work quickly for the first time without training time. But, NetSuite’s user interface is more complex and requires some learning time. As a result, taking time is unavoidable when using NetSuite. 

Scalability: Acumatica is designed to be scalable, meaning it can grow with your business. NetSuite is also scalable, but its pricing structure can make it harder for small businesses to scale. Actually, when your business expands, you must have the scalability of an ERP system with an extensive database and users. Thus, flexible ERP software is a reasonable choice to help you save costs when scaling. Furthermore, the ability to respond to specific industries such as e-commerce retail, distribution, manufacturing, construction, and professional services of Acumatica is better with industry-specific tools customized for each industry group.‍

As for pricing, both Acumatica and NetSuite use a subscription-based model. There are several differences Acumatica’s pricing is based on applications, projected resource consumption and  license. Meanwhile, NetSuite’s pricing is based on the level of customization needed. 

As an advantage of Acumatica, the pricing is more transparent and flexible, with the ability to add or remove modules as needed. In contrast, along with complex features and customization, NetSuite’s pricing seems like more complex, with additional fees. 

Price Acumatica

Acumatica offers three pricing tiers, including: ‍

Standard

The Standard pricing tier is the most basic and includes essential modules such as financial management, client management, and project accounting. It is possibly suitable for businesses with less than 50 employees. For instance, in case you are a small business, Acumatica delivers an edition that has a max of 5 active users, and an additional 5 active users can be purchased at an additional cost. However, this edition has a few limitations, like a maximum of 2000 monthly commercial transactions and only 50 GB of storage. If you want to add a user, you must pay an additional cost.

Advance

The Advanced edition becomes an increasingly common sold-out version of Acumatica with unlimited users. This includes all the features of the Standard level, as well as advanced modules such as inventory management and order management. With Advanced Edition, you can receive little to no limitations on add-ons, discount-provided year-round, and reach 100 GB of storage with 20,000 monthly commercial transactions, which is 1000 times more than Acumatica Standard Edition. 

Enterprise

Although focusing on mid-market, Acumatica still provides editions for large enterprises using ERP software. The Enterprise level includes all the Advanced level features, along with additional functionality such as advanced intercompany accounting and financial reporting. Pricing for this level is customized based on the business’s specific needs. Of course, with higher pricing, Acumatica Enterprise Edition also provides more benefits than Advanced Edition, offering more discounts with up to 500 GB of storage. 

NetSuite price

NetSuite is a cloud-based ERP solution that counts a monthly per-user fee, as well as the modules and the functionality they use. But NetSuite’s minimum contract length is just one year, so possibly you need to extend. With an annual license fee, you start to utilize three main components: the core platform, optional modules, and the number of users. It is more evident that you must pay a one-time implementation fee for the initial setup. In case your business expands, it is easy for you to activate new modules and add users.

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