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Evaluate Core Monetary Administration Capabilities & Extra


NetSuite and Sage Intacct are two cloud-based, strong methods that assist organizations automate their processes. NetSuite is an enterprise useful resource planning (ERP) resolution with monetary administration options, whereas Sage Intacct is accounting software program that integrates with third-party purposes.

On this put up, we’ll examine each software program options on a number of components.

Why are NetSuite and Sage Intacct Totally different?

  • NetSuite is a full-fledged ERP system, whereas Sage Intacct is accounting software program with some ERP options (e.g., stock administration and order administration).
  • Each distributors assist firms with a number of entities, however this function is commonplace in NetSuite and non-compulsory in Sage Intacct.
  • NetSuite and Sage Intacct present customers with related assist options (e.g., data base, ticketing system). Nevertheless, NetSuite has an non-compulsory Premium plan, whereas Sage Intacct presents further networking alternatives for customers.

Product Overviews

The next excerpts from our NetSuite and Sage Intacct evaluations summarize every resolution:

NetSuite

NetSuite is cloud-based ERP software program from Oracle that enables firms to streamline enterprise processes and scale fast-growing companies. It integrates and automates key practical areas like monetary administration, income administration, stock administration, order administration, billing, eCommerce and buyer relationship administration (CRM). NetSuite targets medium and enormous companies.

Sage Intacct

Sage Intacct is a cloud-based accounting and monetary administration resolution that helps enhance productiveness for CFOs, controllers and accountants by automating widespread finance duties. It’s a scalable resolution that may be custom-made to suit a corporation’s distinctive necessities. It contains core monetary modules reminiscent of a common ledger, accounts payable, accounts receivable, buying, order administration, money administration, reporting and dashboards, and collaboration.

Options Comparability

Core Accounting

NetSuite

NetSuite’s Cloud Accounting module contains core accounting options, reminiscent of a common ledger, accounts payable, accounts receivable and money administration. It automates most duties, so Finance groups have extra time to give attention to strategic processes (e.g.,investigating discrepancies in transactions, analyzing tendencies). The final ledger has customized account varieties, transactions and reporting segments that meet a enterprise’s distinctive necessities. NetSuite helps a number of books, currencies and tax constructions.

Further core accounting options embrace tax administration, fastened property administration and cost administration.

Sage Intacct

Sage Intacct’s Core Financials platform consists of those modules: Clever Basic Ledger, Accounts Payable, Accounts Receivable, Money Administration, Order Administration and Buying. The Clever Basic Ledger makes use of synthetic intelligence (AI) to detect any outliers within the common ledger. Customers can run experiences on the information and even drill down into the supply transaction.

Sage Intacct additionally automates multi-entity processes, together with foreign money charge tables and conversions. The Core Financials platform integrates with third-party enterprise methods (e.g., CRM software program), so gross sales orders and invoices are mechanically posted to the overall ledger or accounts receivable data.

Backside Line

Each options have related core accounting options, however NetSuite’s common ledger performance doesn’t embrace AI options, whereas Sage Intacct does. Additionally, whereas Sage Intacct does have multi-entity capabilities, a few of these options are solely out there within the non-compulsory Multi-Entity and International Consolidations module.

Budgeting and Planning

NetSuite

The NetSuite Planning and Budgeting module has a number of options to assist firms automate their budgeting processes. It contains prebuilt workflows for monitoring finances evaluations and approvals, in addition to finances templates that dynamically import information from the overall ledger. Customers can create forecasts primarily based on precise information, in addition to carry out state of affairs modeling and multidimensional planning, together with complicated calculations (e.g., projected income, money movement). They’ll additionally plan for income, operational bills and workforce.

Further options embrace prebuilt information synchronization, built-in monetary statements, income planning, workforce planning, dashboards and integration with Microsoft Workplace.

Sage Intacct

Sage Intacct’s Budgeting and Planning resolution is meant for firms that need to migrate from spreadsheets and e mail for his or her budgeting duties. It comes with prebuilt workflows, finest practices and spreadsheet-based formulation, so customers can carry out modeling situations and different duties.

The software program has bidirectional integration with the Core Financials platform. This fashion, customers can examine efficiency and projections in opposition to precise information utilizing experiences and dashboards. Customers also can invite their colleagues to construct, edit or present suggestions on budgets as a result of everybody can work off the identical model and might see who’s up to date the finances and when.

Backside Line

Budgeting and planning is an ordinary module in NetSuite’s Monetary Administration resolution, whereas it’s separate software program in Sage Intacct that’s built-in with its Core Financials platform.

Stock Administration

NetSuite

NetSuite’s Stock Administration module helps customers maintain monitor of their objects. It automates the replenishment course of by calculating lead instances or reorder factors, and it notifies customers if an merchandise is low in inventory. The Stock Depend function lets customers group their objects in classes primarily based on transaction quantity, and customers also can manually enter periodic counts of the objects. Further options embrace lot monitoring traceability, serial monitoring traceability and multiwarehouse monitoring.

Sage Intacct

The non-compulsory stock administration resolution permits customers to trace their stock in actual time. It contains commonplace and customized templates for varied metrics, reminiscent of changes, transfers and scrap. Customers can use the reporting options for optimizing their stock processes throughout a number of warehouses and areas.

Backside Line

NetSuite and Sage Intacct present shoppers with related stock administration options. However they’re included as an ordinary module in NetSuite, whereas it’s an non-compulsory one for Sage Intacct.

Order Administration

NetSuite

With NetSuite’s Order Administration module, organizations can monitor their complete order lifecycle throughout a number of channels. The pricing administration function handles a number of worth ranges, currency-specific pricing, greenback and share reductions and promotions.

The gross sales order administration function contains customizable approval workflows, real-time gross revenue evaluation and grid order administration (for coming into and printing orders in a grid format). Lastly, customers can monitor product returns with the returns administration function, reminiscent of Return Merchandise Authorization, warranties and buyer refunds.

Sage Intacct

Sage Intacct’s Order Administration module lets customers automate their quote-to-cash duties inside a number of channels. It has a visible navigation interface for accessing particular duties (e.g., creating gross sales orders). The software program comes with a prebuilt connection to Salesforce, so Gross sales and Finance groups can entry quotes and different related order information in a single place. It additionally integrates with Avalara, which mechanically calculates the suitable gross sales tax for any order.

Further options embrace versatile subtotaling for extra calculations (e.g., reductions, delivery), fastened or variable pricing constructions and reporting.

Backside Line

Each distributors combine with Salesforce and Avalara, however NetSuite requires a third-party integration firm, whereas the 2 software program methods are included with prebuilt connectors in Sage Intacct.

Human Sources

NetSuite

NetSuite has an built-in human capital administration platform referred to as SuitePeople that helps firms handle their world workers. There’s an Worker Middle the place workers can see their paychecks, request time without work, acknowledge their friends and replace their data.

SuitePeople’s options embrace payroll, efficiency administration, compensation administration, onboarding, job administration and time-off administration.

Sage Intacct

Sage Individuals is an built-in HRMS resolution that enables midsize organizations to successfully handle their world workforce. Workers can entry a personalised self-service portal to attach with co-workers, get details about their paychecks and monitor their depart balances.

Sage Individuals contains automated options so HR employees can give attention to strategic initiatives. A few of the software program’s key options embrace HR and folks analytics, expertise acquisition, attendance and depart administration, worker recognition and compensation, efficiency and expertise administration, and workforce expertise administration.

Backside Line

Each options don’t supply built-in HR performance, however they combine with every vendor’s core HR software program. Every HR resolution presents shoppers complete options for managing human sources processes from recruiting to succession.

Pricing

NetSuite

NetSuite makes use of a licensed annual subscription mannequin. It doesn’t publicly present pricing particulars, however primarily based on our analysis, the bottom license begins at $999 per 30 days, plus $99 per person, per 30 days. NetSuite presents clients a tailor-made quote that takes every consumer’s particular necessities into consideration, in addition to ERP configuration, any add-on modules and different components.

Sage Intacct

Sage Intacct’s subscription pricing contains its Core Monetary modules, product upgrades and assist. Purchasers can buy non-compulsory superior options (e.g., Mounted Belongings, Stock Administration). Sage Intacct doesn’t publicly show its pricing data as a result of it additionally prefers to offer prospects a customized quote. Contact the seller instantly for a quote.

Backside Line

As a result of each NetSuite and Sage Intacct don’t show their pricing data, prospects might want to get a customized quote. They may also want to bear in mind any further prices (e.g., implementation) that would affect the value quoted.

Buyer Assist

NetSuite

NetSuite presents two assist plans: Primary and Premium. The Primary plan is included with every subscription, and its options are:

  • 24/7 telephone assist for Severity 1 (important) circumstances
  • The power to browse articles, watch tutorials and submit tickets via the SuiteAnswers data base
  • Assist Neighborhood person discussion board

The non-compulsory Premium assist plan contains all the options of the Primary plan, plus:

  • 24/7 telephone assist for Severity 1 and Severity 2 circumstances
  • Enterprise hours telephone assist for Severity 3 and Severity 4 circumstances
  • 4 approved assist contacts

Sage Intacct

Sage Intacct presents shoppers a Buyer for Life program that begins throughout implementation and continues after the software program goes reside. This system contains:

  • A devoted Account Supervisor
  • Sage Intacct person guides
  • A Sage Intacct Neighborhood with a data base, a ticketing system and boards
  • Electronic mail and telephone assist

Customers even have the chance to community with Sage Intacct employees and different customers by way of regional buyer meetups and quarterly person teams.

Backside Line

NetSuite presents non-compulsory Premium providers, whereas Sage Intacct doesn’t.

ERP Vendor Comparability Information

Obtain our FREE 2022 Vendor Comparability Information with evaluations on greater than 15 common ERP options.

Obtain Comparability Information



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