Sage Intacct vs. NetSuite: Which One to Choose?
Choosing the right accounting software is crucial for your business, whether it's a small startup or a large corporation. Sage Intacct and NetSuite are two of the most popular accounting software in the market. They offer a range of features and benefits, but which one is best for your business? In this post, we'll compare Sage Intacct vs. NetSuite based on their features, pricing, and customer support.
Features
Sage Intacct and NetSuite offer similar features, such as financial management, billing, and invoicing, project management, and inventory management. However, Sage Intacct focuses on financial management, while NetSuite offers a broader range of features, including customer relationship management (CRM), ecommerce, and human resources management (HRM).
Both software can be customized and scaled to fit the needs of any business. Sage Intacct offers over 200 integrations, while NetSuite has over 1,500 integrations, making it more suitable for larger businesses with multiple departments and complex operations.
Financial Management
Sage Intacct has superior financial management features, including:
- Accounts payable and receivable
- General ledger
- Multi-currency management
- Expense management
- Cash management
- Fixed assets accounting
NetSuite also offers these features, but it also includes budgeting and forecasting, financial planning, and tax management.
Human Resource Management
NetSuite has a comprehensive human resources management module that Sage Intacct lacks. It includes:
- Employee management
- Payroll and compensation management
- Time and expense management
- Benefits administration
- Performance management
Pricing
Sage Intacct and NetSuite use different pricing models. Sage Intacct has a subscription-based pricing model based on the modules used, while NetSuite's pricing is based on the number of users, transactions, and functionalities needed.
Sage Intacct's pricing starts at $400 per month for the basic financial management module, with additional modules costing extra. NetSuite's pricing starts at $999 per month for the base license, with additional charges for more users, support, and customizations.
Customer Support
Both Sage Intacct and NetSuite offer comprehensive customer support, including training, onboarding, and technical support. NetSuite's support includes a 24/7 phone and email support, while Sage Intacct has live chat and email support during standard business hours.
Conclusion
Both Sage Intacct and NetSuite are excellent accounting software options, but the choice ultimately depends on the needs and budget of your business. If you're looking for financial management software, Sage Intacct is the way to go. If you need a comprehensive ERP system that includes HRM and e-commerce modules, NetSuite is the way to go.
Whatever you choose, make sure to weigh the pros, cons, and pricing before making a decision.