Your business has grown substantially and quickly. To maintain your pace of growth and create a strong foundation for future growth, you need to adapt to a solution that provides greater efficiencies right now, along with the flexibility to scale in the future.
Many business owners in your position use myriad solutions, from spreadsheets to QuickBooks and are looking for a future-ready solution to accommodate their growing and increasingly complex needs.
This article compares Intuit QuickBooks solutions (including QuickBooks Enterprise and QuickBooks Online Advanced), which serve growing businesses, with a popular full-scale enterprise resource planning (ERP) system, Oracle NetSuite, to evaluate their functions and features for different kinds of businesses.
These comparisons are based on both verifiable vendor claims, third-party reviewers like G2 and Capterra (tech marketplaces where businesses can provide their unbiased opinions and review software solutions), and objective accounting software reviews from PCMag and Techradar.
Discover how QuickBooks compares with Oracle NetSuite for these specific Industries:
- QuickBooks Enterprise for Manufacturing & Wholesale vs. Oracle NetSuite for manufacturing
- Intuit QuickBooks vs. Oracle NetSuite for construction
Discover how QuickBooks compares with Microsoft Dynamics and Sage:
Intuit QuickBooks Enterprise and QuickBooks Online Advanced: Background
QuickBooks solutions save time and effort by centralizing daily financial processes and functions in a streamlined, easy-to-use interface.
QuickBooks Enterprise is an integrated solution designed for growing, product-based businesses that helps users streamline business processes and financial operations management. It bundles key functionality and lets business owners add and customize capabilities as they grow. QuickBooks Enterprise integrates with other best-in-class solutions like Salesforce to create a connected back-office experience, instead of a traditional “one-stop shop” ERP solution. Users can add cloud access for increased flexibility.
QuickBooks Online Advanced is a cloud-based solution designed for growing small businesses that also helps users streamline business and financial operations management. It’s offered at a different price point than Enterprise, but it shares many of the same features, including integration with Salesforce and more than 600 powerful apps.*
Oracle NetSuite: Background
Oracle NetSuite is a full-scale ERP solution, engineered to streamline mission-critical processes at businesses of all sizes. Netsuite is software as a service (SaaS) that combines accounting and ERP programs, customer relationship management (CRM) tools, and ecommerce capabilities in a single packaged offering. With NetSuite, users from different departments, such as sales, accounting, and support, access customer information through a single record, eliminating data redundancies and inconsistencies.
NetSuite is fully customizable and provides modules to help business owners manage and automate their business needs, from financials to supply chain management to billing and beyond.
QuickBooks vs. NetSuite for growing, medium-sized businesses
QuickBooks is a portfolio of scalable financial and business management solutions with an intuitive interface. With two core offerings, QuickBooks Online Advanced and QuickBooks Enterprise, and the ability for users to customize their software to meet their unique needs, QuickBooks can be configured to fit the needs of growing businesses.
NetSuite, in comparison, does not provide “off the shelf” financial management software, but instead comprises a range of modules that are bundled and configured based on the needs of the business owner. These modules cover:
- Financial management
- Planning and budgeting
- Order management
- Production management
- Supply chain management
- Warehousing and fulfillment
- Human capital management
To help business owners select the right modules for their custom solution, and speed up the implementation process, NetSuite provides an offering called SuiteSuccess Industry Editions. These are pre-configured implementation plans intended for new customers in specific industries.