Purchasing an application to manage money is usually the first software investment companies make. As a starter system, QuickBooks is a logical and economical choice. It provides the basic functionality in a financial management system: enabling the management of a company’s chart of accounts, along with a systematic method of managing its relationships with vendors and customers through accounts payable and accounts receivable respectively.
However, as innovation evolves faster than ever, heightened customer expectations and increased competition mean companies can no longer rely on the business models or business management systems of the past. Inefficiencies and wasted time on routine tasks, such as the monthly close, are no longer accepted. Real-time visibility and insight can now be the difference between thriving and barely surviving.
Industry-leading companies are making the move from QuickBooks to NetSuite and are seeing demonstrable benefits as a result. With NetSuite as a unified, real-time system of record for financials, inventory management, order processing, CRM and eCommerce, these companies are gaining critical visibility, reliability and on-demand access to data anywhere, any time—eliminating the inefficiencies of standalone systems, paper-based processes and problematic VPN remote access.