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:
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:
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.