Frequently Asked Questions
Does Oracle NetSuite or QuickBooks offer specific solutions for construction?
QuickBooks Enterprise Contractor Edition is specifically designed to help construction firms track costs and improve profitability. Oracle NetSuite, on the other hand, offers features that are appealing to the construction industry but is a more general offering that is used in many industries.
Does NetSuite integrate with QuickBooks?
No. When considering the appropriate technology stack for your construction firm, remember that Oracle NetSuite, QuickBooks Online Advanced, and QuickBooks Enterprise have all been designed as comprehensive accounting and back-office solutions. QuickBooks can integrate with third-party point solutions—for example, QuickBooks Online Advanced and QuickBooks Enterprise both integrate with Salesforce. NetSuite’s SuiteCloud provides a range of industry standards–based approaches to build reliable and scalable integrations that extend NetSuite into any business process.
What if my NetSuite or QuickBooks solution is unable to connect to the internet?
QuickBooks Online Advanced, and QuickBooks Enterprise installations with optional cloud hosting, will not work if they are not connected to the internet. NetSuite has offline, remote capabilities to allow field workers to log time and capture expenses, which can be reconciled later.
What security features do Oracle NetSuite and QuickBooks include, and how do they compare?
Given factors such as an increasingly mobile workforce and the need to share data with external parties, security should be top of mind for every construction company.
Oracle NetSuite, QuickBooks Online Advanced, and QuickBooks Enterprise are all regularly audited for security compliance certifications.
NetSuite utilizes stringent round-the-clock monitoring tools, controls and policies, and a dedicated tenured security team to ensure that it provides the strongest security for its customers. NetSuite has met a host of audit and security standards, including SOC 1, SOC 2, PCI-DSS, and EU-US Privacy Shield framework. In addition, NetSuite has modeled its security and risk management processes according to the National Institute of Standards and Technology (NIST) and ISO 27000 series of standards.
QuickBooks Online Advanced is a VeriSign Secured™ product. VeriSign is a leading Secure Sockets Layer (SSL) Certificate Authority. It features password-protected login, firewall-protected servers, and the same encryption technology (128-bit SSL) used by the world’s top banks. Intuit is a licensee of the TRUSTe Privacy Program, an independent third-party organization whose mission is to accelerate online trust among consumers and organizations globally through its leading privacy trustmark and innovative trust solutions.
Support for QuickBooks Desktop Enterprise with cloud access is provided by Right Networks*. A valid QuickBooks Desktop Enterprise license code must be provided to Right Networks to receive support. Right Networks performs backups of all cloud access data on a nightly basis and retains the back-ups for a rolling 90-day period in a protected offsite facility as an additional level of protection. There is no limitation to the size of a customer’s back-up. Customers are responsible for verifying the integrity of the hosted data at least every 90 days. Right Networks employs Snapshot technology to backup customer data. Snapshots are taken daily and then replicated to another physical Right Networks facility for Disaster Recovery.
Right Networks uses top-tier data centers and multiple layers of redundancy within its infrastructure to provide 24×7 availability. However, availability can vary, is subject to occasional downtime and may change without notice. Right Networks encrypts all backup files and backup tapes. Virtual desktop connections are protected via TLS with a minimum of 128 bit encryption and authentication. Each customer has a unique Right Networks virtual desktop. Access to each QuickBooks company file is controlled at multiple layers including file access permissions. Access is locked out after multiple failed login attempts for the same user. Security features, functionality and access are subject to change without notice as deemed necessary by Right Networks. Availability can vary and are subject to occasional downtime and may change without notice. Right Networks may offer third party software, separate terms and fees may apply.
Can I migrate my historical data into Intuit QuickBooks or NetSuite products?
Yes. In Oracle NetSuite, the easiest way to import historical sales is a closed purchase order in order to not affect the current financial statement. Other methods of important historical data are available, but many of these require manual intervention and quality assurance.
QuickBooks also allows users to migrate historical data and offers two ways of accomplishing this: chronologically or in batches from existing Excel sheets to save time.
Conclusion
Construction firms face a unique set of challenges in maintaining effective financial management. While ERPs like NetSuite can help connect departments and bring your data to a single source of truth, most business owners don’t need all the features an ERP offers.
NetSuite provides extensive functionality that helps you go deeper into your organization’s data, gaining valuable insights that can aid your organization’s decision-making. However, as with other ERPs, this functionality comes with a hefty price tag, a long implementation cycle that could cause business disruption, and a steep learning curve that requires hands-on change management to ensure successful adoption.
QuickBooks Enterprise and QuickBooks Online Advanced are comparable options to Oracle NetSuite for growing businesses looking for something more than just an “accounting system.” Their easy integration paths to powerful third-party partners help expand their ecosystem, providing a faster time to value and a strong foundation for future growth. QuickBooks solutions provide a robust and flexible financial management hub with automated workflows that can help small to medium-sized businesses break out of their “SMB” shell to take the next step.
Get in touch with QuickBooks for more information.
We can help you determine which QuickBooks solution best fits your needs and desire for business growth and can offer migration support to ensure your journey to QuickBooks is smooth.
Set up a QuickBooks demo at your convenience.
*Additional terms, conditions and fees apply.
**Apps are subject to change without notice.
***Products, features, pricing, discounts and offerings are subject to change without notice.
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