Oracle NetSuite vs Sage Intacct
Firstly, when taking into consideration the use of either NetSuite or Sage, there is a need for careful deliberation as to how you identify the needs for your business.
What are the areas of importance that will automate, organise, streamline, and ultimately help grow and reduce costs?
With this in mind, we can then begin to understand which system can provide a better opportunity to achieve greater results.
What are Oracle NetSuite and Sage Intacct?
Oracle NetSuite markets itself as “the #1 Cloud ERP Solution”, unlike Sage Intacct which is focussed primarily on accounting. NetSuite has the core functionalities of a CRM, PSA, eCommerce management out-of-the-box. Allowing you to streamline your entire business, not just your accounting function.
Intacct is a product of Sage. It brands itself as a “best in class core financials platform” which was specifically designed to a cloud-based SaaS (Software-as-a-service) which enables its customers to scale the software to tailor for their business’s growth with the option of adding extra modules for accounting needs.
NetSuite vs Intacct Similarities
Mid-Market Software
One main similarity between NetSuite and Intacct is that they are both mid-market solutions designed to operate with more intricate business processes and needs. Both are seen as substantial upgrades compared to the smaller-scale accounting software such as QuickBooks.
Cloud-Based Solution
Both systems are on cloud-based financial management platforms. The new era of cloud is highly advantageous as it allows users to access their data whenever, wherever, and in real-time.
Cloud-based software and storage is more prevalent than ever, as this requires fewer internal IT resources and unprecedented access to information. For instance, Oracle NetSuite can reduce IT costs by up to 70%
NetSuite vs Intacct Differences
Multi-National and Multi-Language
NetSuite is superior when it comes to international business as it supports 27 languages and 190 currencies. Comparatively, Sage Intacct comes in English as a standard, and only through purchasing a separate module can other languages become available in the system. If you have any presence in other countries (tangible or intangible), Oracle NetSuite will provide the most ease.
Additional Features
As stated in the introduction, Sage Intacct is primarily a financial management solution. On the other hand, NetSuite is classified as the #1 cloud financial management solution and has an all-encompassing approach to cloud technology. Meaning that all aspects of your business are covered from Customer Relationship Management all the way to Order Management (this will be discussed more).
Personalised system
Sage Intacct is more of a ‘what’s in the box solution’, meaning that you have little flexibility on personalisation. This may be seen as appealing for businesses that want to minimise complexity, but it comes with a trade-off.
NetSuite, on the other hand, can be fully personalised for your business. For example, our team would analyse your business processes, structure, and goals. This allows us to devise a solution built maximise results, thus maximising results. You would be surprised at the difference this process can make in driving growth, streamlining processes and cutting costs.
NetSuite vs Intacct – Vertical Industries
The following industries are where we are most likely to see both Intacct and NetSuite being utilised.
| Oracle NetSuite | Sage Intacct |
|---|---|
| Advertising, Media and Publishing | Non-profits |
| Financial Services | Financial Services |
| Hospitality | Hospitality |
| Manufacturing | Construction and Real Estate |
| Non-profits | Healthcare |
| Professional Services | Software |
| E-Commerce | |
| Wholesale Distribution | |
| Retail |
Alongside this, NetSuite also provides different editions of its software for what could be called “micro-verticals” by setting a varying number of users that can be registered for each edition.
They are as follows:
The Limited Edition: Fewer than ten users
The Mid–Market Edition: More than ten users
The Enterprise Edition: 1,000 or more users
NetSuite VS Intacct Features
Intacct’s main features revolve around their core financials (accounting software for financial management) whereas NetSuite provides a plethora of features from core financials to CRM and Order management. This is outlined below:
| Feature | Oracle NetSuite | Sage Intacct |
|---|---|---|
| Core Financials | Accounts Payable | Accounts Payable |
| Accounts Receivable | Accounts Receivable | |
| Cash Management | Cash Management | |
| General Ledger | General Ledger | |
| Fixed Assets | Fixed Assets | |
| Forecasting and Budgeting | Forecasting and Budgeting | |
| Multi-company Consolidation | Multi-company Consolidation (limited) | |
| Revenue Recognition | Revenue Recognition | |
| Subscription Billing | Subscription Billing | |
| Customer Relationship Management | Customer Service | |
| Marketing Automation | ||
| Sales Force Automation | ||
| Sales Reporting and Analysis | ||
| Sales Reporting and Analysis | ||
| Human Capital Management | Global HR | |
| Human Resource Management | ||
| Payroll | ||
| Workforce Reporting and Analytics | ||
| Production Management | Manufacturing | |
| Planning and Scheduling | ||
| Product Data Management | ||
| Quality Assurance | ||
| WIP & Routing | ||
| Work and Order Management | ||
| Professional Services Automation | Billing | Billing |
| Project Accounting | Limited Gannt Capabilities | |
| Project Management | Light Scheduling | |
| Resource Management | Timesheet Management | |
| Timesheet Management | ||
Comparing NetSuite and Intacct
System implementation
With any business considering implementing an ERP system, this can be very disruptive to the processes in place, and therefore it is essential that the implementation is carried out efficiently and effectively.
Both solutions offer implementation via a direct or a partner route.
Implementing your solution through a partner is a more personalised and favourable approach for many users. As one of Europe’s leading NetSuite partners, we are small enough to care and give your project the attention it deserves, but large enough to deliver every time.
Integration and Modules
Another comparison to consider is the power of integration and customization NetSuite brings to the table. NetSuite offers a vast array of modules providing your business with unprecedented access to even greater functionality benefits, as well as a plethora of customisation options through the use of SuiteScript and SuiteApps This provides your business and the customer greater mastery to create a system based on automation and flexibility.
Alongside this we have Unio, created by our team at 3EN - this is the optimum method of integrating third-party software into NetSuite. Since NetSuite has an open API, we saw a gap in the market to develop a tool that makes integration with any software possible. MailChimp, Shopify, you name it!
No matter how complex particular business processes may seem, NetSuite has the functionality to adapt to your business needs unlike that of Intacct which depends heavily on third-party integrations for various areas of functionality.
CRM
Intacct does not offer customer relationship management (CRM functionality), it does however rely on integration with Salesforce. There are numerous areas of Intacct that rely on third-party integrations to provide the user with the required functionality. It comes down to whether you would like all of the functionality required to operate your business in one singular cloud software or whether you are willing to have disconnected data.
NetSuite on the other hand provides its own CRM suite to include customer service management, marketing automation, and salesforce automation as highlighted in the features table above as well as a pre-built connector to Salesforce.com also.
With NetSuite’s own CRM suite on the cloud, this provides real-time access to data giving all related departments the information they need.
Reporting and Analytics
Both NetSuite and Intacct offer prebuilt reports and dashboards, including self-service reporting. One striking difference between the two is the sheer number or reports that are offered by the competing systems. While intacct boasts a respectful 69 prebuilt report for core financials, NetSuite offers 200.
There is also the self-serving reporting NetSuite provides where there is no need for coding through “saved Searches”, prebuilt dashboards, and reports are populated with real-time data.
Intacct on the other hand offers a report writer which does allow users to combine operational financial data, yet this includes an additional charge with limited configuration.
Support
NetSuite boasts an impressive 26,000+ customers across 200+ countries with Sage having 14,000+ customers ranging across fewer companies, with this a number of benefits for NetSuite are apparent.
NetSuite’s OneWorld module integration enables the handling of multi-national including multi-currency accounting for over 200 countries in various languages compared to the lone option of English provided by Sage.
Moreover, due to the broad international customer base of NetSuite, three different levels of customer support are provided with up to 24/7 support in numerous countries and languages. Compared to that of Sage, offering 24- hour support Monday through Friday in significantly fewer countries (Australia, North America, South Africa, and the UK). An important aspect to consider whether it may be the beginning stages of using such a system or the support needed to maintain and fully utilise the functionality of your chosen system, having a structured support system in place NetSuite provides your business with the care and consideration it duly deserves
Pricing
Both NetSuite and Sage Intacct take a similar approach when it comes to their pricing as they are both based on a typical SaaS model of per-user/per-month. There is the possibility of adding additional functions for additional monthly fees with both vendors requiring one-year contract renewals annually. Intacct does have additional charges of added entities using the system, a business must take this into consideration as they grow as this will entail further costs for the user.
ERP VS ACCOUNTING
The debate between Intacct and NetSuite revolves around one question: What do you actually want out of your software?
Are you more interested in the accounting aspect of your business or do you want a system that encompasses all business operations?
Intacct is an accounting software without debate as it so aptly brands itself, whereas NetSuite is a more complete ERP software bringing together not only the accounting prowess of intact but the additional solutions which integrate CRM, HR, and Inventory Management.
If reporting and financial data is the bread and butter of your business then Intacct may be the best choice. However, if you would like a system that can scale to match the growth of your business, inclusive of all departments and aspects of the business, then NetSuite’s ERP system will be the right choice for you.
THE BOTTOM LINE
As we progress through 2022 with a heightened focus on visibility and control over all aspects of our businesses, having the right cloud-based system working for you is essential.
Sage Intacct is a leader in accounting software, however, its’ capabilities by design are limited.
Oracle NetSuite is hailed as the winner in this comparison blog.
Its’ #1 all-encompassing cloud ERP allows you to manage the entirety of your business and not just the accounting function. Catered to more industries, stacked with more features, and capable of being custom-fit for your businesses’ individualistic requirements; NetSuite takes the crown.
3EN has over 2 million hours of experience in NetSuite implementation projects for businesses just like yours. Although we are based in the United Kingdom and Ireland, we have successfully completed over 200 projects across 52 countries, in fact. Moreover, our qualified team of NetSuite experts has a 100% success rate on projects. A partnership with 3EN means a successful implementation built for your business.