NetSuite vs. Sage Intacct: 2024 Comparison Guide

When it comes to enterprise resource planning (ERP) software, there are a lot of options on the market. But two of the most popular cloud-based software systems among businesses today are Oracle NetSuite and Sage Intacct. Both platforms offer a variety of features and benefits that can help businesses streamline their accounting processes.

So, which one is the right choice to streamline your business processes?

To help you decide, let’s take a closer look at NetSuite and Sage Intacct by comparing their features side-by-side.

Also, fill out the form to download an in-depth comparison guide for the two platforms!

NetSuite: The Basics

Oracle NetSuite ERP is a cloud-based accounting platform that offers businesses a complete financial management solution. It stands unique in the world of ERP systems for including features for accounting, inventory management, order management, and light customer relationship management (CRM) offerings. NetSuite also offers a variety of integrations that can further extend its functionality. One of the main benefits of using NetSuite is that it’s a complete accounting software solution on one platform. This can save businesses time and money by eliminating the need to use multiple software solutions and the costly and time-intensive integrations multi-solution business plans bring.

NetSuite also helps your staff get intimately familiar with the software and it’s capabilities by offering both in-person and online training sessions to get everyone up to speed. They also provide round the clock support that lets you talk to a live representative whenever you may need assistance.

Sage Intacct: The Basics

Sage Intacct is also a cloud-based accounting software that offers businesses a complete financial management solution. Similar to NetSuite, Sage Intacct includes features for accounting, inventory management, and CRM. Sage Intacct also offers a variety of integrations, but one of the main benefits of using Sage Intacct is its flexibility. Sage Intacct is designed to be highly customizable, so businesses can tailor it to fit their specific needs and preferences.  Additionally, Sage Intacct offers features such as multi-entity and multi-currency support, which can be helpful for businesses with global operations. Sage Intacct gives businesses the tools they need to automate their financial processes and streamline their back-office operations.

So, which accounting software is the right choice for your business? That depends on your specific needs and preferences. If you’re looking for a complete finance solution in one platform, NetSuite may be the right choice for you. However, if you’re looking for more flexible accounting software that can be tailored to your specific needs, Sage Intacct may be a better option. Let’s dive into the pricing plans of each system.

Pricing Differences and Payment Models

Software pricing is one of the most influential factors when it comes to investing in any ERP systems. We’ve broken up the pricing of each accounting software to help provide some clarity to your decision!

NetSuite:

NetSuite offers its ERP software on a  subscription-based pricing model. Prices start at $999 per month. NetSuite ERP software pricing is known to be a bit more complicated that Sage Intacct’s due to its large assortment of pre-packaged suites. Enterprise companies may have the more robust budget to justify these prices. Depending on what your company needs from an ERP (Enterprise Resource Planning) system, you may be required to pay more for a function that you’ll never use.

[Download: NetSuite vs. Sage Intacct – What is Best for Your Business?]

Sage Intacct:

Sage Intacct also offers a subscription-based pricing model. Prices start at $400 per month with a $224/user/month charge for licensing. The platform also requires additional fees for add-ons and integrations depending on your company’s overall needs.

According to a btpartners pricing comparison between the two platforms, NetSuite was found to be priced 20% higher than Sage Intacct. btpartners also reported the following findings:

• Sage Intacct annual subscription costs for a fairly standard company will range from 20,000 to 80,000
• NetSuite annual subscription costs for a fairly standard company will range from $25,000 to over $100,000 – 20% more than Sage Intacct.

This is important to keep in mind for companies on a budget who are looking to adopt an accounting system. Sage Intacct may be the best option for you.

Functions

Both NetSuite and Sage Intacct offer a complete financial management solution in one platform. However, depending on your company’s needs, each system is better equipped to serve different purposes.

Sage Intacct Features:

Sage Intacct brands itself as “the #1 subscription billing & accounting solution for growth and SaaS companies.” Sage Intacct customers have access to a complete ERP solution in one platform (includes payroll, tax filings, and inventory tracking tools). Features include:

• Core financials
• General Ledger
• Accounts Payable
• Sage Intacct Purchasing
• Order Management
• Accounts Receivable
• Cash Management
• Reporting & Dashboards
• The ability to track inventory levels and manage orders
• Integrated CRM functionality
• A variety of integrations and add-ons including American Express, Salesforce, Expensify, and Workiva

[Click Here for More Information: What To Know About ERP BEFORE You Buy]

NetSuite Features

NetSuite brands itself as “the #1 cloud ERP.” It is a complete financial management solution in one platform that allows users to plan, budget, forecast, and analyze with tools that help manage your company’s finances.

NetSuite has a handful of products including:

• Enterprise Resource Planning – allows users to plan, budget and forecast with tools that help manage your company’s finances.
• Core Financials
• Accounting Software
• Global Business Management
• Customer Relationship Management
• Human Resources – payroll and performance management
• Professional Services Automation – project accounting, project management, resource management, expense management, timesheet management
• Commerce – e-commerce capabilities, point of sale, CRM, inventory management, order management.
• Analytics & Reporting – reporting & dashboards, data warehouse
• Infrastructure – security, availability, data management
• Platform – customization, process automation, internationalization, performance monitoring, platform development, integration

Support

NetSuite offers 24-hour customer support 7 days a week and provides a dedicated account manager for each customer. NetSuite offers three different levels of customer support – Basic, Premium, and Advanced in addition to a self-service knowledge base called SuiteSupport alongside a user community o help answer any questions. Sage Intacct, on the other hand, offers one level of support between 6 am – 6 pm.

[Download: What’s Better? NetSuite or Sage Intacct?]

NetSuite vs. Sage Intacct: Key Differences

Both Sage Intacct and NetSuite allow a handful of users, whether you are a small business or large enterprise. However, NetSuite may be the best fit for a larger, multinational company due to its larger number of capabilities. As mentioned above, Sage Intacct also only supports English-speaking countries, therefore the system doesn’t have much of a presence outside of the United States. If you’re a smaller business or startup within the United States, Sage Intacct could be a great solution for you due to its lower price point.

In addition to the pricing and language differences, Sage Intacct has a few more features that set it apart from NetSuite. Firstly, Sage Intacct offers an expansive library of financial reports that you can customize for your business needs. You also have full visibility into key financial performance metrics such as revenue and expenses. On top of this, users also have  the ability to customize their dashboard, allowing them to quickly access and analyze financial data.

Sage Intacct also offers powerful tools for managing accounts receivable and accounts payable. These tools can help businesses automate invoice payments and manage customer relationships more effectively. Additionally, Sage Intacct provides a comprehensive inventory management system with features like barcode scanning, asset tracking, and inventory alerts. Finally, Sage Intacct integrates seamlessly with other software applications like Salesforce and Microsoft Dynamics to give users a 360-degree view of their finances. With all these features, Sage Intacct is the ideal solution for businesses looking to save time and money while gaining greater insight into their financial performance.  Thanks to its intuitive dashboard, users can easily create and access reports to make better decisions.

BrainSell is Here to Help!

Here at BrainSell, we understand the stress and pressure of investing in an accounting system for your business. Our team of professionals is here to take that stress off of your hands and help provide your business with the best software to grow and scale. It’s not just about finding a software solution; it’s about finding the software solution that makes the most sense for your organization’s unique needs. Whatever product will help you reach your goals easier, we’re here to help you find it, implement it, and run your business processes smoothly.

Schedule a consultation with one of our growth enablement experts today to get started! And be sure to download your copy of our in-depth comparison guide for NetSuite and Sage Intacct by filling out the form below!