Still using QuickBooks? Now is the time to make the change…

Most businesses start small, so it’s no surprise that QuickBooks is often their first choice for accounting needs. The limited capabilities translate to a quick learning curve for startup companies. As your business grows, limitations will reveal themselves, hindering accuracy and growth. Enter NetSuite, a cloud-based ERP system that takes your operations to a new level. Let’s examine the advantages NetSuite brings to your growing company.

1. NetSuite is a Complete ERP, Not Just an Accounting Tool

While QuickBooks is focused on accounting, NetSuite is a complete ERP system, integrating accounting, CRM, inventory management, and e-commerce into a single platform. Providing financial, sales, inventory/warehouse management, and a CRM, all your data is centralized into a single hub.

2. NetSuite Scales with Your Business

Not all business solution software is created equal. QuickBooks is specifically designed for small businesses, while NetSuite is tailored to support unlimited growth. Automation and advanced reporting will become more necessary while QuickBooks struggles to keep up. NetSuite allows you to manage multiple subsidiaries across the globe. Manual work is reduced by advanced automation of accounting processes. Full customization of dashboards and reports gives real-time insights into your business processes.

3. NetSuite Eliminates Manual Processes & Improves Efficiency

Automation is not one of QuickBooks’s strengths. NetSuite excels at automating error-prone, time-consuming manual processes. Essential automation solutions include:

  • Bank reconciliations
  • Billing, invoicing, and subscription management
  • Inventory and supply chain management
  • Finance reporting and compliance tracking

4. NetSuite Supports Multi-Entity & Global Businesses

Do you have multiple locations or customers in other countries? If so, QuickBooks will quickly become a bottleneck in your business flow. NetSuite allows for multiple subsidiary management under one system, automated currency conversions, and consolidated financial reports for all entities.

5. NetSuite Improves Security & Compliance

Security and compliance are crucial to a successful business. Security features are not a focus of QuickBooks, leaving your company at risk. Businesses operating in regulated industries face even more potential harm. NetSuite provides crucial safeguards, including role-based access controls, audit-ready finance reports, and enterprise-grade cloud-based backups.

6. NetSuite Offers Better Customer & Vendor Management

Lacking CRM capabilities, QuickBooks makes tracking customer interactions, purchase orders, and supplier relationships difficult and cumbersome. NetSuite allows you to follow customer experiences from leads to sales. Purchase orders and vendor payments are automated, providing better forecasting and demand planning.

Final Thoughts: Is It Time to Switch?

If your company is experiencing any growth challenges, inefficiencies, or integration pains, NetSuite can be a game-changer. With NetSuite and Katoomi, growth is unlimited. Our team of experts provides integrations, development, and monthly admin plans to suit any size business. Contact us today!