Still blindly committed to Quickbooks? Here’s why people are jumping ship for NetSuite

One of the best and most uncomfortable experiences as a business owner is dealing with success. Yup! You read that right. As an entrepreneur, you’re diving into the world of business and while you believe in your dream, when it starts to take off, you may not be as ready as you thought you were for everyone else believing in your dream too!

It’s when your business begins to soar that you become engrossed in the world of systems, audits, tracking, an ever-growing team and so much more. However, as a business owner, your zone of genius may not be systems, financing or just handling the back end day-to-day...so how do you make sure your ship stays afloat and doesn’t become susceptible to risks and unprepared financial audits?

You find a suitable compliance program that’s able to give you the tools to keep the ship running and manage your business now as well as the growth you anticipate in the future.

Without a bat of an eye, NetSuite is your program.

Take A Look For Yourself

We get that Quickbooks is the go to when you’re now starting out. It’s widely known by smaller companies and it got the job done in the beginning. But as your business grows, you need to make sure your systems are growing with it.

As you can see, NetSuite assists you in staying on track with every core/essential part of your business:

• Financials

• Supply Chain Management

• Professional Services Automation(PSA)

• Customer Relationship Management(CRM)

• Omnichannel Commerce

• HumanCapital Management(HCM)

Having all of this wrapped into one compliance program ensures that your business is in communication with every aspect of itself so that it’s collecting and giving correct data/information.

Correct data/information can help inform you on knowing how/when to grow your business as well being prepared for any audits that may become requested.

Fan Favorite Tools

To further solidify NetSuite as the go-to compliance program, there are many solid gems available to you in this program that you may not know about!

Multi-entity accounting

If you’re running more than one business/entity, with NetSuite, you no longer need to have separate accounts/programs to manage them both. NetSuite OneWorld allows you to “pull data from multiple business units, develop consistent processes and meet global accounting and compliance standards”.

A feature that cannot be found on Quickbooks.

Out-of-the-box functionality

While NetSuite handles many things, we have no problem admitting that NetSuite doesn’t handle all things. NetSuite has no problem admitting that either. This is why NetSuite has built capabilities of integrating its system with software providers so that you can collect everything under one house as much as possible.

This provides much ease when it comes to business owners needing to track and maintain multiple accounts/softwares for their businesses.

“Additional customization options solve company-specific challenges, such as processing electronic payments with bank partners and creating integrations with Brex's own technology systems.”

The ability to pull in other softwares is just one of many reasons NetSuite provides you the ease of having checks and balances to ensure that things are continually running smoothly and providing up-to-date accurate information so that you can continue making effective business decisions.

Elevated Finance Tracking

If Quickbooks or an Excel spreadsheet is still your best friend, “NetSuite's standard accounting functionality and advanced features such as automated depreciation and amortization, cash management and tax compliance will truly help you in getting more clear data and detailed management of your finances. Because as your business grows, your responsibilities for reporting your income will as well.

Don’t get overwhelmed! Instead, get NetSuite so that with a push of a button, you can pull reports and see everything in full detail.

Is there a Quickbooks tool you love and are afraid to leave behind? Tell us all about it in the comments! We’re sure we can make you a NetSuite believer!

Reference: https://www.netsuite.com/blog/brex-the-fintech-star-looks-back-on-its-switch-from-quickbooks-to-netsuite