For several years now, Acumatica and NetSuite have been battling for the ERP software space. Since both are cloud-based ERP systems helping businesses manage their day-to-day operations, including financial management, inventory and supply chain management, order management, human resources, and customer relationship management (CRM), we can see how difficult it is to choose between the two. In this blog post, we will cover their similarities and differences to help you determine which will fit your business needs best.
An Overview of Acumatica
Acumatica is a relatively new ERP software designed for small and medium-sized businesses in commerce, construction, finance, manufacturing, inventory, and warehouse system management. Serguei Beloussov, Mike Chtchelkonogoc and John Howell founded Acumatica in 2008 and stayed until 2019 when EQT Partners acquired Acumatica. Not too long after, John Case, who led Unify Square, became Acumatica’s CEO in 2021.
Acumatica is a cloud-based ERP system designed to improve your day-to-day operations that can be deployed on-site, which is something NetSuite does not offer. Today, Acumatica serves over 6,400 customers in 30 countries globally and supports 12 to 15 languages through partners.
An Overview of NetSuite
One of the first cloud ERP systems to enter the market, Evan Goldberg and Larry Ellison co-founded NetSuite in 1998. The two Oracle employees intended NetSuite to run an entire business. After 18 years, NetSuite was sold to Oracle for $9.3 million but is currently being run as a separate business unit within Oracle.
NetSuite serves a large range of industries, from media and publishing to nonprofits to wholesale distribution. The cloud-based ERP software is prime for growing international businesses since it has robust multi-currency and multi-language capabilities, international compliance regulations, and multi-subsidiary consolidation proficiencies. After nearly 25 years in business, NetSuite serves more than 34,000 customers in 17 countries and dependent territories. The software can also translate over 24 languages.
How Comparable is Acumatica to NetSuite?
Acumatica and NetSuite have quite a few similarities. Since both are cloud-based ERP systems, you can access Acumatica and NetSuite via a web browser and not have to worry about maintaining or updating them. NetSuite and Acumatica will take care of that. Here’s a list of their similarities:
Both offer built-in-the-cloud SaaS ERP applications featuring both single-tenant and multitenant options.
Both integrate ERP, CRM, eCommerce and BI.
Both support a variety of vertical industries, from retail to distribution to manufacturing.
Both are designed for mobility, allowing access without special tools.
Which Pricing Models Do They Use?
Although Acumatica and NetSuite use a subscription pricing model, one is more standard than the other. NetSuite offers a complete package starting at around $99 per user per month, which includes a ten-user minimum. Their setup fees for implementation, customization, and data migration are additional and can significantly increase your subscription cost.
On the other hand, Acumatica uses the “pay for what you use” approach. What you pay depends on the features you want, such as selected module suits, deployment preference, storage, along with implantation and support requirements. Unlike NetSuite, Acumatica licenses support unlimited users. Acumatica’s pricing model is ideal for startups who can expand their software suite as they begin to grow and pay accordingly.
What Makes Acumatica Different from NetSuite?
For starters, Acumatica has won G2’a Best Usability for Mid-Market Businesses, Best Relationship, Momentum Leader, and User Love Us awards in 2023. We know those awards already sold you on Acumatica but let us finish.
Acumatica is known for its flexible and customizable platform, allowing users to tailor the software to their specific needs. While NetSuite is customizable, it may require more technical expertise to make significant changes. Acumatica can be deployed on-site, while NetSuite is strictly cloud-based. In addition, Acumatica offers access to your data anytime, flexible licensing options, and no cost for adding users, which in turn lowers your company’s TCO.
How Do You Choose Between the Two?
Even though we’ve given you plenty of reasons why Acumatica is better than NetSuite, the choice is ultimately up to you. Whether you go for Acumatica or NetSuite comes down to your specific business needs and requirements. We hope this helps you in your evaluation of each platform’s features, pricing, and benefits. If you are interested in learning more about Acumatica, we are knowledgeable Acumatica partner and can offer some guidance into how it works, along with the tools to help customize it to fit your needs. Contact us here.