NetSuite vs Acumatica 2024: Is Acumatica Any Good? In Depth Comparison (Pros & Cons)

NetSuite Learn More	Acumatica Learn More
$ Pricing
Does not have a fixed price plan	Does not have a fixed price plan
Best for
It is a cloud-based computing company that was established in 1998. Its main objectives are to manage ERP systems of companies, maintain the data that	It is a provider of technology that provides and creates all cloud-based ERP services and software for small-scale and medium-scale businesses
Features
Financial Management Reporting It has the most demanding CRM system	Supply Chain Management Reporting on Acumatica is supported by ERP systems. Dashboards that Acumatica has are flexible
Pros
Friendly for users You will probably find that the brand supports integrations regarding the applications. Customer support you get here is free of cost	Options are flexible User Interface is easily done Growing with Expansion of Business
Cons
It is the ideal option for a couple of industries and companies, so be mindful to see if it fits your needs	Uncertainty about prices:
Ease of Use
Friendly for users, the execution made easy	User Interface is easily done: Work at your comfort you can do on the laptop as well as in computers. It is easy to use.
Value For Money
NetSuite Is affordable in comparison to Acumatica	Acumatica is having more expensive rates
Customer Support
There is 24/7 mobile phone support.	Acumatica supports its vendors 100%. They provide support 24/7 and consistently.

In this post, we have featured NetSuite vs Acumatica comparison which includes detailed insights into these Online Business providers.

Remember, we humans used to manage accounting and finances manually some years ago with the help of excel, spreadsheets, etc on a computer, that too was not available everywhere.  

But today I am going to tell you about NetSuite vs Acumatica. You may be wondering what it is. I feel that this era we are living in is a modernized phase with most of the functions of a human being replaced by robots or automatic software, machines, services made by humans themselves.

So why not replace manual efforts in financing and business with some software or similar services?

You guessed it right. Here, I have compared two such software that manages the whole track of records of your online businesses from the beginning of sales to every count, from the initial level to the final level of your business project, and much more.

I have just objected to a sorted view of comparison among the two so that you can choose the best according to your criteria, needs, and budget.

This will help you picturise a view of your business with such amazing platforms, amazing features, decreased time, and with the least manual efforts and that too with efficiency and accuracy.

NetSuite vs Acumatica: Overview

Let us have an outlook on what exactly NetSuite and Acumatica are. 

Netsuite Overview:

It is a cloud-based computing company that was established in 1998. Its main objectives are to manage ERP systems of companies, maintain the data that is related to finance, and also to manage customer relations that is CRM. It is a platform that is flexible for no business operations.

It has its leads in California. It is easy to run the service. This service involves the complete use of the software. It does not even need any mandatory license or any extra setup fees.

Most companies use this software or service to maintain and manage their e-commerce stores. It has low costs with a good no of advantages.

• NetSuite Review: 2024

Acumatica Overview:

It is a provider of technology that provides and creates all cloud-based ERP  services and software for small-scale and medium-scale businesses. It has its leads in Maryland in the USA. It has an amazing UX with UI.

It runs on some famous databases that include Amazon and Aurora. Also, it runs on databases such as Microsoft SQL Server and MySQL. It has different dashboards according to functions and needs.

It is an open data protocol compliant system. Some recent modules or features that have been added are the commerce engine integrating with BigCommerce, Acumatica Payroll, and CRM. Also, It is web-based.

Features Comparison: NetSuite vs Acumatica 

When it comes to quality, all we check is whether the benefits, uniqueness, features are available under our suitable budget or not. We probably have an already made checklist in our hands that needs to be verified too. Also, sometimes, we are surprised by much more than just expected outcomes or features available.

So come on, let’s have a check on the features and make sure that they fit into your checklist. 

1. Financial Management

Here is the comparison of financial management of Netsuite & Acumatica:

NetSuite:

Netsuite being a reputable vendor serving 1000s of companies and individuals around the world ensures the financial compliance of both parties as it works to accelerate the process.

But what I found made this a great option was that their single platform structure allowed me and my team to get a bird’s eye view of all our businesses’ financial transactions.

But the thing that made us appreciate Netsuite was the seamless and often streamlined integration of order management, and inventory as a part of its financial management system.

Acumatica:

Acumatica is also a well-known software that empowered my business to work both within the local and international markets. It gave us a real-time solution that allowed us to manage multiple entities.

This similar to NetSuite enabled me to get a full outlook on my business and helped me make key decisions related to my business, its development, and further growth. 

2. Financial Planning:

Here is the comparison of Financial Planning of Netsuite & Acumatica:

NetSuite: 

It has an app for financial planning that automates making budgets, forecasting, analyzing data, and making accurate reports. It is combined with an engine of financial modeling with powerful features and an interface that is easy to use with drag and drop functions.

Also, the reports that are built on a prior basis and templates set out a budget on the right path.

Acumatica:

It adds a number of features and keeps them updated from time to time. It also accepts different currencies.  It has a fixed set of currencies that helps in reducing efforts of exchange rates.

Recognition of revenue takes place. Project budget forecasts help to compare data of prices of actual projects and their estimated incomes.

3. Supply Chain Management:

Here is the comparison of  Supply Chain Management of Acumatica:

Acumatica

The supply chain management process follows procedures required to build products through the purchase that takes place by shipping or back-ordering and to make a place for them if needed in the inventory. Its functions are spread across various modules. This feature is also found in material requirements planning that is MRP. This MRP maintains sales, schedules, and their generation of Productions specifically.  

4. Reporting

Here is the comparison of  Reporting of Netsuite & Acumatica:

NetSuite:

It has a library of content that is built on a prior basis which makes reporting tasks easier than expected with fewer efforts. It produces timely reports as per requirements and creates reports with much accuracy.  All data is stored and found in a single place. Summaries, data insights, financial data are all maintained in one place.

Acumatica :

Reporting on Acumatica is supported by ERP systems. It tracks all-important elements such as transactions of the company, sales, assets, and stocks. It scans the raw information from the ERP database and converts it into reports for the management of decisions.

The functions that can be performed in reporting of Acumatica are running scheduled reports as per requirements, customizing reports, creating reports, and even filtering to get the only information we need. The options that we have in reporting on Acumatica are search, standard reports, and report designer.

5. CRM

Here is the comparison of CRM of Netsuite & Acumatica:

NetSuite 

It has the most demanding CRM system. It gives us an honest review of customers from all sides.

Acumatica:

This is another core function of ERP.  It is found in the Financial Management system. As the name suggests, customer relationship management, it is maintained very well and an overview of customers is kept and observed.

6. Dashboards

Here is the comparison of Dashboards of Netsuite & Acumatica:

NetSuite: 

A dashboard in NetSuite can be called as a summary of pages that are tabbed in its user interface. It consists of home pages and pages according to the needs of users and roles. You can even create a dashboard here according to your need and your convenience. 

Here the dashboard is available on every page except documents, setups, and customization pages. For your different roles, there is a default dashboard that can be used by you to make changes as per your requirements.

Acumatica:

It has ERP dashboards. With the dashboards it provides, You can maintain and monitor organizational and financial information and analyze ongoing trends that relate to your job. The dashboards that Acumatica has are flexible and can be tailored according to users’ needs.

They often provide ways to visualize data in the form of charts, data, data tables,  KPIs, KRIs, and much more. It can be operated on mobile mobiles and any web-enabled service.

7. Customer Service:

Here is the comparison of customer service:

NetSuite: 

The main objective of NetSuite is to make your business a top business. So they ensure that 100% support is provided. But as the profits excel and business grows, we may need more support for which it provides basic to premium to advanced support. There is 24/7 mobile phone support.

Acumatica:

Acumatica supports its vendors 100%. They provide support 24/7 and consistently. They avail support that is divided into two categories. The first is support through a local partner. It includes training that is personal as well as professional industry-based training. 

The other is customer direct support services. In this, the standard support that engages through online communication, The premier support is for customers that need phone support and the third is technical support.

Pricing Comparison: NetSuite vs Acumatica

The most important question that arises in my mind about any service is, of course, it is pricing, I am sure, that you also must have thought about it.

Pocket-friendly or not? Does it suit my budget? So let us have a look at the most important aspect that is pricing: 

Netsuite Pricing:

• It has no specific pricing or subscription plans.
• The cost will depend on certain factors such as total user count, duration of the project, selected project, features to be made available. 
• All you can do as a beginner is purchase a base account with one user login. 
• Its base license costs Rs. 73,700 per month to access costs of Rs.7,500 per month.
• It depends on whether your business is small scale, large scale, or medium scale.

Acumatica Pricing:

• It does not have a fixed price plan. 
• Depending on your requirements, It can go up to Rs 73,800.
• You get a free demo account.
• The cost required will completely depend on the size of your business, whether it is a small enterprise or a medium enterprise. 

NetSuite vs Acumatica Testimonials:

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FAQs On NetSuite vs Acumatica:

👉Which brand should you go for?

This is a question that only you can answer. That is because only you are aware of the things you need from such companies and I can only guess! But if you are a little unsure about it, I would suggest you do some extra research on both the companies to get the best output!

👉What should you keep in mind while choosing a brand?

Remember to be mindful of all factors here, although, the main ones are the pros and cons, features, and cost. Compare these properly and then, add a point for every extra benefit each company gives you.

👉What category do these brands come under?

If you think about this, the two brands fall into the category of ERP software. They are used to manage the tedious tasks that have to be completed daily, like, reporting, managing accounts, etc.

Conclusion: NetSuite vs Acumatica 2024 

Here, you have seen the interesting competition between NetSuite and Acumatica. I have discussed many of the benefits you are sure to obtain when using either of the brands. But one thing you should keep in mind is that when comparing, be sure to consider the cons as well. 

This is because you may find a good set of pros that you can use but at the same time, you may not realize the cons that may cause serious trouble later on. So, let’s just say that when comparing, looking at the cons is just as important as noticing the pros. 

Also, I’ve mentioned the features that I found the most helpful and think that you would do as well. So, just check out which brand suits your needs and you are good to go! 

Although, if you ask me, I am leaning a little to NetSuite’s side in favor because I found that it was much easier to use. Plus, I was rid of the boring tasks that involve long hours of sitting and trying to get my brain to work, like, reporting and managing accounts.