Examine Core Monetary Administration Capabilities & Extra

NetSuite and Sage Intacct are two cloud-based, sturdy 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 functions.

On this publish, we’ll evaluate each software program options on a number of elements.

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 corporations with a number of entities, however this function is customary in NetSuite and non-compulsory in Sage Intacct.
• NetSuite and Sage Intacct present customers with comparable assist options (e.g., information base, ticketing system). Nonetheless, NetSuite has an non-compulsory Premium plan, whereas Sage Intacct gives extra 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 corporations to streamline enterprise processes and scale fast-growing companies. It integrates and automates key useful areas like monetary administration, income administration, stock administration, order administration, billing, eCommerce and buyer relationship administration (CRM). NetSuite targets medium and huge 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 normal 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 normal ledger, accounts payable, accounts receivable and money administration. It automates most duties, so Finance groups have extra time to deal with strategic processes (e.g.,investigating discrepancies in transactions, analyzing traits). The final ledger has customized account sorts, transactions and reporting segments that meet a enterprise’s distinctive necessities. NetSuite helps a number of books, currencies and tax buildings.

Extra core accounting options embrace tax administration, fastened belongings 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 normal ledger. Customers can run studies on the info 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 robotically posted to the overall ledger or accounts receivable information.

Backside Line

Each options have comparable core accounting options, however NetSuite’s normal 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 accessible 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 corporations automate their budgeting processes. It contains prebuilt workflows for monitoring finances evaluations and approvals, in addition to finances templates that dynamically import knowledge from the overall ledger. Customers can create forecasts primarily based on precise knowledge, in addition to carry out state of affairs modeling and multidimensional planning, together with advanced calculations (e.g., projected income, money circulation). They will additionally plan for income, operational bills and workforce.

Extra options embrace prebuilt knowledge 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 corporations that need to migrate from spreadsheets and e mail for his or her budgeting duties. It comes with prebuilt workflows, greatest 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 manner, customers can evaluate efficiency and projections in opposition to precise knowledge utilizing studies and dashboards. Customers can even invite their colleagues to construct, edit or present suggestions on budgets as a result of everybody can work off the identical model and may 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 gadgets. 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 Rely function lets customers group their gadgets in classes primarily based on transaction quantity, and customers can even manually enter periodic counts of the gadgets. Extra 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 customary and customized templates for numerous metrics, reminiscent of changes, transfers and scrap. Customers can use the reporting options for optimizing their stock processes throughout a number of warehouses and places.

Backside Line

NetSuite and Sage Intacct present shoppers with comparable 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 whole order lifecycle throughout a number of channels. The pricing administration function handles a number of worth ranges, currency-specific pricing, greenback and proportion reductions and promotions.

The gross sales order administration function contains customizable approval workflows, real-time gross revenue evaluation and grid order administration (for getting 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 knowledge in a single place. It additionally integrates with Avalara, which robotically calculates the suitable gross sales tax for any order.

Extra options embrace versatile subtotaling for added calculations (e.g., reductions, transport), fastened or variable pricing buildings 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 corporations handle their international staff. There’s an Worker Heart the place staff can see their paychecks, request day off, 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 international workforce. Staff 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 workers can deal with 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 provide built-in HR performance, however they combine with every vendor’s core HR software program. Every HR resolution gives 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 thirty days, plus $99 per consumer, per thirty days. NetSuite gives prospects a tailor-made quote that takes every shopper’s particular necessities into consideration, in addition to ERP configuration, any add-on modules and different elements.

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., Fastened Belongings, Stock Administration). Sage Intacct doesn’t publicly show its pricing data as a result of it additionally prefers to present prospects a customized quote. Contact the seller immediately 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 remember any extra prices (e.g., implementation) that would influence the value quoted.

Buyer Help

NetSuite

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

• 24/7 cellphone assist for Severity 1 (essential) circumstances
• The power to browse articles, watch tutorials and submit tickets by means of the SuiteAnswers information base
• Help Neighborhood consumer discussion board

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

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

Sage Intacct

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

• A devoted Account Supervisor
• Sage Intacct consumer guides
• A Sage Intacct Neighborhood with a information base, a ticketing system and boards
• E-mail and cellphone assist

Customers even have the chance to community with Sage Intacct workers and different customers through regional buyer meetups and quarterly consumer teams.

Backside Line

NetSuite gives non-compulsory Premium companies, whereas Sage Intacct doesn’t.