Intuit has been the big dog in accounting world for decades now with over 2 million users and over 50,000 certified ProAdvisors, it’s easy to see why. As a stater accounting package, QuickBooks can been seen as the practical choice providing basic functionality of an accounting management system.
However, when it comes time to look for alternatives to QuickBooks online, there are several cloud-based accounting & ERP solutions ready and willing to compete with this accounting software powerhouse, in fact almost 90% of our customers happen to be former QuickBooks online users.
Given you’re reading this blog, you may be early in the research phase and curious about what are the alternatives to Quickbooks online and whether or not now’s the time to make a change.
These happen to be the four telltale signs that QuickBooks is not long for your thriving business:
1. Not able to get information on the organization in real-time without much fuss
2. Zero to limited visibility into key performance indicators
3. QuickBooks core functionality does not keep pace with the needs of where the business is heading
4. Inability to scale the organization into multiple locations, especially true with global expansion
What accounting pain points are you solving?
There are dozens of ERP software solutions designed to help you manage various processes–everything from inventory management to customer acquisition and getting out the monthly financials.
But before you go dissecting the capabilities of each of the solutions available, try to visualize your ideal situation or goal and work backward. Here are just a few examples to help illustrate the point.
• An improved order-to-cash process by ____ days
• Improved financial reporting, forecasting capabilities
• Improved vendor management and procurement processes
• Improved collaboration, decision-making, and automation
• Improved audit trail: accountability and ownership among team members
• Improved accessibility of realtime information from anywhere & anytime
If you could say “yes” to a few or all of these bullets how would this change your organization?
How much & how fast do you intend to scale?
Are you a small business today but have enterprise ambitions? Having the right software in place will be critical to making the leap. Are you looking for your “forever home” in a ERP solution or do you just need a short term stopgap measure? This mindset will be important as you evaluate alternatives to QuickBooks online since their are applications that can provide that “baby step” (e.g. Intacct) between QuickBooks and a real ERP solution such as NetSuite.
What should you look for when evaluating accounting software?
Not all ERP software is created equal. There are features and capabilities unique to each application. We’d suggest you consider a unified approach like NetSuite, one that spans the whole of the business, linking key business processes together on the same platform.
Having inventory, projects, sales forecast and financial data on the same platform provides companies with a competitive advantage just not feasible with a many of the QuickBooks alternatives such as Intacct, Financialforce, etc.
What Benefits Your Team Should Expect From New Software?
Real-time business information and insights. Accounting and Finance can’t be blind to actual business performance. Complete visibility of your company’s financial standing establishes transparency and collective sense of urgency among team members so they can act on potential opportunities and threats in a timely manner.
Accurate financial closing and on-time reporting. Greater flexibility and shared accountability allows seamless exchange of financial data–making it easier than ever to reconcile, close and submit mission-critical reports on-time.
Back office efficiencies. An integrated and online platform eliminates costly wait-times, human errors, inconsistencies, and controls between customer service, sales & marketing, operations and accounting.
NetSuite the #1 alternative to QuickBooks online?
We certainly think so! We could mention all the marketing fluff about how its used by over 40,000 organizations and is a Gartner Magic Quadrant Challenger but it really comes down to our own personal experiences of working with NetSuite and the success we’ve seen with migrating our clients from QuickBooks online to NetSuite and the transformative impact it can have on an organization. But like much of life seeing is believing! Let us show you how NetSuite can be the ideal QuickBooks alternative for your growing business.