Frequently Asked Questions
Does Oracle NetSuite or QuickBooks offer specific solutions for manufacturing?
Both QuickBooks Enterprise for Manufacturing & Wholesale and Oracle NetSuite are designed to help manufacturing firms produce, manage, and distribute products more effectively and efficiently.
Does NetSuite integrate with QuickBooks?
No. When considering the appropriate technology stack for your manufacturing firm, remember that Oracle NetSuite 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 Enterprise integrates 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 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 manufacturing company.
Oracle NetSuite 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.
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 doing this: chronologically or in batches from existing Excel sheets to save time.
Conclusion
Manufacturing firms face a unique set of challenges in maintaining effective financial management.
Oracle provides extensive ERP functionality that enables you to understand your organization’s data while gaining valuable insights.
QuickBooks Enterprise is comparable to Oracle NetSuitefor growing businesses looking for something that is more than just an “accounting system.” Its 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.
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