Best-of-Breed vs. Single Suite
Total Cost of Ownership
Which one cost more? In a recent study, the Cloud Accounting Institute found that Intacct has at least 26% less total cost than Netsuite. This includes the original purchase price, implementation cost, on-going upgrades, and future professional service cost.
And to further the savings, remember how we discussed best-in-breed and integrating with other systems? Many accounting teams have found that having seamless integrations between multiple systems creates further cost savings post implementation.
Best-In-Breed vs. Suite
Netsuite brings to the table a list of applications outside of accounting, and Intacct places its full focus on its Accounting System and ability to integrate with other best-in-breed technology.
- Intacct integrates with Salesforce.com out of the box.
- Netsuite competes with Salesforce.com.
- Netsuite has a basic employee expense module.
- Intacct integrates with Concur and DataBasics.
- Intacct reinvests 100% of its R&D spending into core accounting.
- Netsuite shares its R&D across its other non-accounting applications.
Both Netsuite and Intacct have financial reporting out of the box as well as the ability to customize the overall look. But when it comes to carving out the data and getting the tough questions answered, which one will prevail? Like most standard accounting systems Netsuite allows you to report based on 3 standard dimensions (GL account, department, and class). Intacct delivers 12 dimensions and allows for several to be repurposed to meet your needs.
What does all of this mean? With Intacct you can slice and dice your financial reporting to bring answers to questions nobody could answer with certainty. Maybe it’s time you knew revenue by item, by class, by region, by department, by customer, by project, etc. How could you ever know if leveraging your cost of sales across departments could be so easy? Here, more is better and adds to the proof that Intacct is Best-in-Breed.