Intacct vs NetSuite Comparison Guide
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The document compares Intacct and NetSuite, highlighting that while Intacct offers basic financial and project management features, it lacks robust functionalities like native HR management, e-commerce support, and comprehensive financial reporting, requiring third-party integrations. NetSuite, on the other hand, provides extensive reporting capabilities, seamless integration options, built-in payroll services, and a full audit trail, making it more suitable for complex business environments. Overall, NetSuite is depicted as a more versatile and efficient ERP solution compared to Intacct.
Intacct vs NetSuite Comparison Guide
- 1. 916.943.4428 | www.proteloinc.com | [email protected] Intacct Versus NetSuite Strength Comparison Intacct provides on-demand financial management, project management, supply chain management, and business intelligence. It does not provide native support for employee management and HR, e-commerce, marketing campaign management, customer support, customer relationship management (CRM), supplier or partner management. All these require third party integration. 1. Intacct has limited basic functionality and product scope. NetSuite reports are far more robust, customizable, and filterable than those created in Intacct. Intacct has performance problems in rendering large reports — NetSuite does not. In addition, Intacct has no integration with Excel for customers who like to use those products. * NetSuite comes out of the box with 200+ pre-built reports, all customizable to further address each company’s specific requirements. The SuiteSuccess package we have put together for CAIS contains thousands of hours of pre-built development. In addition, NetSuite has full integration with Excel to upload, download and update Excel reports and has easy integration with the customer’s choice of other financial intelligence packages, should it be desired. None of this integration is a requirement, as sophisticated reporting is all accommodated within NetSuite — but we present these options for NetSuite users. All report data can be displayed in real time as KPIs on the users’ business dashboards. 2. Intacct provides limited financial reporting.
- 2. is a modern, cloud-based ERP software that helps businesses run more efficiently and cost-effectively. INTACCT VERSUS NETSUITE STRENGTH COMPARISON 916.943.4428 | www.proteloinc.com | [email protected] Why? Because it supports a single sign-on as an anonymous login when used across separate entities. This would cause a Sarbanes-Oxley nightmare because there is no audit trail and no way to ascertain who has made changes across the entities. * NetSuite provides a full audit trail of all transactions and who conducted them. 3. Intacct makes compliance difficult. * NetSuite provides a financial consolidation solution for organizations with multiple legal entities, with complete multi-lingual and multi-currency support. 4. Intacct prides itself on its multi-company management, but it cannot manage multi-entity environments. * NetSuite offers your choice of two levels of payroll service fully integrated with the ERP application if you choose to use it. 5. Intacct does not provide integrated payroll services. Working with a third party such as ADP is much more expensive than the payroll options from NetSuite. Payroll tax has to be manually added ― increasing time and labor and the chances of error. * NetSuite addresses both US and Canadian payroll tax calculations and management. 6. Intacct has no payroll tax engine. CRM is a bolt-on, requiring purchase, implementation, maintenance and support for two product sets. This may limit the workflow from Salesforce to NetSuite we spoke about such as a typical flow from marketing through sales to, finance and then on to support. * All NetSuite workflows and integrations are seamless — every one of them. 7. Intacct does not provide native support for front-office/back office business management integration. To get rudimentary commissions management one would need to integrate Intacct, Salesforce and Compel – three separate products to integrate and manage. 8. Sales commissions management and tracking are lacking in Intacct.
- 3. is a modern, cloud-based ERP software that helps businesses run more efficiently and cost-effectively. 916.943.4428 | www.proteloinc.com | [email protected] INTACCT VERSUS NETSUITE STRENGTH COMPARISON * NetSuite “built from the ground up” solutions provide one product with a seamless integration to SalesForce – not a bolted together series of disparate applications. You have no single point of truth for seeing all aspects of the customer life cycle — sales history, payment history, etc. — in Intacct. Hence you limited in managing upselling, reselling, contract renewals and customer satisfaction expeditiously. * NetSuite provides a financial consolidation solution for organizations with multiple legal entities, with complete multi-lingual and multi-currency support. 9. Customer data is scattered throughout Intacct. * NetSuite has self-service portals through which your partners and customers can look at their orders, invoices, sales history, and all support-related issues. Partners can see spiffs, promotions, and even their splits on commission. But more important, your partners can sell and manage their customers’ orders through their own portals, online, anytime. 10. You cannot manage your partners, customers and suppliers through Intacct. You would have to glue together Salesforce and Intacct to get any semblance of Partner Relationship Management. With NetSuite, no customization is required to support the integration with accounting/ERP or ecommerce. Use of a consistent data models assures seamless flow of data among orders, invoices, customer records, and payables. However, we know companies are all a little different in their approaches to running their businesses. 11. Intacct is less customizable than NetSuite. * NetSuite provides customization of business processes with the SuiteScript toolkit. There is no similar capability in Intacct. SuiteScript, a toolset that supports business process customization, lets customers run their businesses the way they want to, by allowing them to customize their business processes to meet their particular needs. Built on industry standard JavaScript, SuiteScript provides customization of even the most complex processes. And, critical to businesses, SuiteScript customizations are automatically maintained when the application is upgraded.
- 4. RightCloud