NetSuite vs SAP Business One and QuickBooks: Key Differences

Every company needs an accounting software to manage its financial processes.  But choosing the best one for your organization is not always easy, since there are many options with different functions. You may want to compare NetSuite vs SAP Business One, as they are two of the most popular software. But, why not QuickBooks?

Do you know the differences between these accounting softwares?  It is important that you know what they are and what they stand out for so that you can choose the one that best suits your company's needs.

 

NetSuite vs SAP Business One and QuickBooks: What does each software consist of?

·        NetSuite

Is the #1 cloud-based ERP solution, scalable type for companies of any size and growing businesses, as its built-in flexibility allows the system to change with your organization. It stands out because it is designed to unify all business management in one place and its interface offers visibility and analysis in real time. NetSuite is capable of automating all aspects of a business, because it offers complete options for the control and automation of financial management, billing, revenue, orders, inventory, customer relationship (CRM), planning and budgeting, and multi-channel sales, among many others.

·        SAP Business One

It is an ERP platform that offers management tools to accelerate and automate business processes. It is ideal for small and medium-sized enterprises in the process of growth and offers different modules beyond accounting and finance such as Sales and CRM, Purchasing and Operations, Inventory and Reporting.

·        QuickBooks

It is an accounting software that offers a series of characteristics designed to manage initial needs of a small company. Therefore, it is the ideal solution for small businesses that have basic accounting needs. Features include accounting notes, contact information, in addition to functions to manage payroll, sales, and inventory.

Functionality Differences between NetSuite vs SAP Business One and QuickBooks

Of the three software programs, QuickBooks is the most focused on accounting, so it is perhaps the most limited. Nevertheless, it could be adequate for small business, although once it starts to grow, it is more efficient to opt for more complete systems such as NetSuite.

Key Features 

NetSuite

  • Enterprise Resource Planning (ERP)
  • Accounting and financial administration
  • Human Capital Management (HCM)
  • Customer Relationship Management (CRM)
  • Purchasing and supplier management
  • Inventory control and warehouse management
  • Planning and Budget
  • Reporting and Analysis
  • E-commerce

SAP Business One

  • Accounting and financial administration
  • CRM management
  • Purchases and procurement
  • Warehouse and production management
  • Reporting and Analysis

QuickBooks

  • Accounting management
    • Viewing bank transactions
    • Contact information of clients, suppliers and employees
    • Viewing key reports
    • Sending budget
    • Invoice management
    • Follow-up on sales, sales and inventory tax.

Integration

When you compare NetSuite vs SAP Business One in terms of integrations, both software are similar. Both platforms allow the integration of commercial solutions to extend their use. However, NetSuite is the one that allows more integrations and makes this process of integration with source systems easier, since it is designed to have greater compatibility.

QuickBooks, on the other hand, is more limited in its integrations with external software. While it supports some, it is a more isolated product, so the scalability of businesses is limited.

Cloud-based data

Now days most companies are looking for cloud solutions because they allow them to be more connected and use technology to their advantage to be more productive. In the battle of NetSuite vs SAP Business One in terms of cloud deployment, NetSuite is the winner, since it is the only platform conceived from the beginning to work in the cloud. In addition, since there is only one version on all devices, there is no risk of not being able to access the software, which means that access is unlimited

Now SAP Business One has a Cloud version, which was born out of the users' need for cloud systems, but is not a native implementation. Its web experience is entrusted to other services, so it can be a bit complicated for users because the user experience varies according to the environment where the service is deployed. The same goes for QuickBooks, which although it has its online version to provide more flexible options to customers, its online system is not as complete.

NetSuite vs SAP Business One and QuickBooks fall under the category of accounting software.

As you have seen they have differences that make one more or less complete than the other. NetSuite is perhaps the most adaptable option because you can customize its modules taking into account the needs of your company. At Fusionworks we can help you implement it in your business. Contact us and we will guide you through the process

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