Why NetSuite Is The Best QuickBooks Replacement For Growing Companies

Your company is growing, as are the demands of your business. QuickBooks can only take scaling organizations so far… So where do you turn next? If you’ve already adopted the cloud and are using QBO, it’s a natural shift to a more robust SaaS product. If you’re still using the desktop version of QuickBooks, it’s time to step up to scale.

There are several products on the marketplace that claim to be the best QuickBooks replacement. Our experience tells us that that the product you’re looking for is NetSuite. Stick with me for the next few minutes, and I’ll help you understand why in our opinion, NetSuite is simply the best next step you can take if you’re feeling the limitations of QuickBooks for your growing business.

So… Why is NetSuite the best replacement for QuickBooks for growing companies?

NetSuite is often considered a better replacement for QuickBooks for growing companies for several reasons:

1. Scalability: NetSuite is a cloud-based solution that can grow with a company as it expands, while QuickBooks is typically designed for small to mid-sized businesses.
   
   
2. Functionality: NetSuite offers a wider range of functionalities, including accounting, ERP, CRM, and e-commerce, while QuickBooks is primarily an accounting software.
   
   
3. Integration: NetSuite integrates all of its functionalities, providing a unified view of business operations, while QuickBooks integrates with limited third-party applications.
   
   
4. Customization: NetSuite provides more customization options than QuickBooks, allowing companies to tailor the software to their specific needs.
   
   
5. Reporting: NetSuite provides a more robust reporting system than QuickBooks, making it easier for companies to track their financial and operational performance.
   
   
6. Overall, NetSuite offers a more comprehensive and scalable solution for growing companies compared to QuickBooks.

Alright, so you’ve heard the pros… What are the cons? Well, the biggest one is price jump. Moving from QuickBooks to NetSuite cannot be viewed simply as a software purchase. It’s an investment in your business and processes.

But you’re still here right, so you must be interested in learning more. Let’s talk a bit about the cost comparison between NetSuite and QuickBooks, and then examine ROI, because no one should ever pitch you an investment without also showing you the upside…

So, Why does NetSuite cost so much more than quickbooks?

NetSuite costs more than QuickBooks because it offers a wider range of functionalities and is a more comprehensive solution for businesses. NetSuite is a cloud-based enterprise resource planning (ERP) software, while QuickBooks is primarily an accounting software. NetSuite integrates all its functionalities, including accounting, ERP, CRM, and e-commerce, providing a unified view of business operations, while QuickBooks integrates with limited third-party applications.

NetSuite's advanced features, such as real-time reporting and analysis, extensive customization options, and scalability, also contribute to its higher cost. Additionally, NetSuite is designed for larger companies and is priced accordingly, while QuickBooks is targeted towards small to mid-sized businesses and is priced accordingly.

The bottom line - NetSuite's higher cost is due to its more extensive functionality, integration, customization options, and scalability compared to QuickBooks.

So, the big question… What is the average time to ROI for organizations migrating from quickbooks to NetSuite?

There are a lot of factors that influence an organizations time to ROI when making the switch from QuickBooks to NetSuite. This includes the complexity of your organizations financial operations, the level of customizations you require for a NetSuite experience built around your needs and processes, the amount of data that must me migrated, and the training requirements of your employees. 

That being said, many organizations reporting seeing a positive return on investment within 12 to 24 months, as the system helps to streamline financial operations, increase efficiency and provide better visibility into financial and operational performance.

An organized approach to implementation and onboarding can significantly accelerate time to ROI, as can working with knowledgable experts with prior experience in your vertical.

That’s where a NetSuite Partner come in. Someone like my organization, Business Solution Partners. Working with a NetSuite Solution Provider can offer several advantages when migrating away from QuickBooks:

1. Expertise: Solution Providers have extensive knowledge and experience with both QuickBooks and NetSuite, and can provide expert guidance on how to best transition from QuickBooks to NetSuite.
   
   
2. Data Migration: Solution Providers can assist with the data migration process, ensuring that important financial and operational data is accurately transferred from QuickBooks to NetSuite.
   
   
3. Customization: Solution Providers can help tailor NetSuite to meet a company's specific requirements, ensuring a smooth transition from QuickBooks.
   
   
4. Integration: Solution Providers can help integrate NetSuite with other systems a company may be using, such as CRM, e-commerce, or logistics, to provide a unified view of business operations.
   
   
5. Training: Solution Providers can provide training for employees on how to use NetSuite effectively, helping to ensure a successful transition from QuickBooks.
   
   
6. Ongoing support: Solution Providers can provide ongoing support and maintenance services, ensuring that the software is running smoothly and any issues are promptly addressed.

In summary, working with a NetSuite Solution Provider can provide expertise, support, and resources to ensure a successful migration from QuickBooks to NetSuite and to optimize the use of the software to meet a company's specific needs.

So there you have it. Are you ready? If it’s time to make the switch, contact Business Solution Partners today. We’re committed to moving your business forward and helping you succeed with your migration away from QuickBooks and NetSuite Implementation.