NetSuite ERP vs Xero

• Custom records, fields and forms
• Workflow automation
• Mass updates and CSV imports making data management easy
• Suitescript offers powerful ways to customize
• Many modules available to a wide variety of business
• Several bundles available that integrate with other services or add functionality to NetSuite

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• Sales invoices - can be customized, default due dates set up and reminders sent to facilitate payment
• Integrates well with other applications (Dext/Receiptbank) - makes expense reconciliation very efficient and accurate.
• Excellent reports - can be customized and valuable for simple or detailed reporting and analysis
• Easy to use for those with no accounting background (also suitable for those with advanced accounting knowledge)

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• NetSuite does have great customization capabilities, however, this can also make it difficult to track and maintain custom workflows and scripts as business needs change, especially with different subsidiaries having different process requirements. Essentially, the more you customize the system, the more you need to maintain documentation for reference.
• NetSuite has a fantastic reporting tool called a "Saved Search." For financial and other similar reports, you must use the NetSuite "Report" feature. This reporting feature is not as flexible as the Saved Search and I have found that certain reports cannot be customized as required using the "Report" feature.
• The Project Management module still has some work to go before it is flexible enough for companies to use NetSuite for their own customized processes. The module is fairly inflexible, and at a previous company we had around 10-15 enhancement requests alone relating to this module.

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• Overall it is a great platform and quite comprehensive for US based users.
• However, if we focus on multinational companies that want to integrate the information of different companies in several countries within the same solution, we find the need to carry out reports outside the platform to provide the accounting structure and compliance necessary in countries outside the US.

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• Stress levels WAY down since dumping our previous Billing system and installing SuiteBilling. The ease of navigating, viewing data in sensible places, reporting and having more data in one place has made many of my users use words like "amazing" and "what a relief." Don't underestimate worker stress and enjoyment of their tool.
• Fewer vendors and products to manage and to integrate. I oversee 10+ financially-related applications and their vendors. Dealing with the nuances of the contracts, the products and the people with whom I must deal (sales, support, product management) adds a lot of time and complexity. It also reduces the challenge of my SOX-related efforts.
• Auditors and those of us supporting SOX-related efforts LOVE NetSuite, especially compared to other systems. The controls and auditing available are indispensable, whether it's to keep us accountable to ourselves or to the auditors.

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• The streamlining of invoices through the Xero system helped quite a bit.
• Implementing the departments, chart of accounts and COGS in Xero for one of our clients, really helped to show where the opportunities for the business were.
• The reporting in Xero that we were able to produce mid-month really helped to show where we needed to focus to close the month in the positive.

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