Access Financials vs Oracle NetSuite
Upgrading to a new accounting and financial software solution is a huge decision. While you may be wary of the time and costs involved, it is important to remember that these will quickly be offset by the efficiencies the latest technology can deliver.
By upgrading to a modern platform, you can benefit from the latest automation technology that can eliminate many of the error-prone manual tasks and double entry burdening your team. You also stand to gain simpler, more advanced reporting capabilities and real-time visibility of your finances.
Plus, the latest ERP systems can streamline compliance and integrate many of your systems into a single platform, simplifying life for you and your team.
But with so many financial software systems out there, how do you know which one best suits your business? In this article, we will help you gain clarity on two of the best solutions – Oracle NetSuite and our market-leading NetSuite alternative solution, Access Financials.
You can rest assured that this article will not simply cast a favourable light on our solution but provide an impartial, fact-based comparison of both. Read on to learn how they differ on features and functionality, price, implementation timelines and technical support.
6 mins
Written by The Access Group
What is Oracle NetSuite?
Oracle NetSuite is a cloud-based enterprise resource planning ERP software that offers financial management, customer relationship management (CRM) and e-commerce capabilities. Used by over 37,000 customers in 219 countries, Oracle NetSuite is designed for businesses of all sizes but is particularly suited to medium to large-sized companies.
Highly scalable and flexible, Oracle Netsuite accounting software delivers capabilities for various business models across many sectors, including software, manufacturing, professional and financial services, e-commerce, not-for-profit, hospitality, media and wholesale distribution.
What is Access Financials?
Access Financials is sophisticated financial management and accounting software designed to help medium to large-sized businesses boost efficiency and gain insights to support their growth. As one of the leading NetSuite competitors, it offers advanced accounting software capabilities for projects, sales processing, purchasing and operations in one intuitive, cloud-based commerce platform.
Designed by finance experts, Access Financials is trusted by over 4,000 organisations across the globe and caters to businesses in various industries, including not-for-profits and charities, professional services and project-based firms, as well as recruitment, health, wholesale and manufacturing businesses.
Oracle NetSuite and Access Financials: What to compare
Oracle NetSuite and Access Financials both offer powerful accounting and financial management tools. However, they provide a vastly different variety of features. Oracle NetSuite offers a broader range of ecommerce, CRM and ERP features in addition to financial management capabilities, while Access Financials purely focuses on accounting and financial management.
Choosing between the two solutions, therefore, may come down to whether your business requires capabilities beyond accounting and financial management. With this in mind, below, we compare the two systems across three critical areas – key features, implementation and support, and pricing.
Oracle NetSuite comparison
As an all-in-one ERP system, Oracle NetSuite offers a broad range of capabilities to not only manage finances and accounting but also NetSuite customers, your HR processes, order management and processing, inventory management, production, cash management, warehouse management and supply chain management.
The solution is designed to provide a more complete picture of your business across key NetSuite functionality without requiring any complex add-ons or integrations. With Oracle NetSuite ERP, you can easily customise dashboards, reports and visual analytics to ensure real-time visibility of your financial, operational and transactional data.
Regarding financial management capabilities, Oracle NetSuite software automates and streamlines daily financial transactions, the financial close process and compliance. Its accounting capabilities allow you to optimise your general ledger, accounts receivable and accounts payable processes, and tax management while providing detailed visibility of cash flow and financial performance.
Discover the key accounting and financial software features of Oracle NetSuite in the table below.
Access Financials comparison
Access Financials offers powerful financial management and accounting software capabilities that help organisations of all sizes enhance business-wide efficiency, accuracy and visibility. The solution automates manual processes, improves financial controls and offers advanced reporting and analytics to see real-time business performance quickly.
Highly scalable and flexible, Access Financials combines sophisticated accounting capabilities with project, procurement, sales and operations financial management. It is designed to grow with your business, allowing you to add additional modules as required.
Access Financials enables you to manage multiple entities and currencies, while multi-dimensional ledgers mean you can report from branches, departments, groups, funds or projects. The solution streamlines the management of invoices, credit notes, direct debit processing, payments, statements, and aged debtor/creditor reporting.
Regarding project accounting, Access Financials makes it easy to keep track of project time and costs in real-time, accurately recognise revenue, expedite invoicing and enhance cash flow management. It also simplifies the entire procurement process, helping you better manage suppliers, implement purchasing policies, automate approval processes and stay informed with a full audit trail.
Discover the key features of Access Financials in the table below and on the Access Financials product page.
Oracle NetSuite v Access Financials: Implementation and Support
Oracle NetSuite implementation and support
Oracle NetSuite implementation cost and length hinges on multiple factors, including the level of customisation required and the need to integrate with other systems.
It is reasonable to expect a window of anywhere from two to six months for the entire implementation, with NetSuite ERP implementation costs ranging anywhere from $30,000 to $150,000.
Following your implementation, Oracle provides technical assistance to Australian customers via its NetSuite Support Services. There are three NetSuite service tiers to choose from, including:
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Basic Support provides 24/7 online technical assistance via the SuiteAnswers service and NetSuite’s Support Community.
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Premium Support, which offers phone assistance for all critical and non-critical issues.
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Advanced Customer Support provides prescriptive guidance and configuration assistance to resolve issues and optimise your NetSuite ERP platform quickly.
Access Financials implementation and support
The Access Group provides dedicated onboarding and support to ensure you can start using Access Financials as soon as possible. Our FlightPaths service streamlines the implementation process and gives you access to our experts to ensure you get the best out of Access Financial licensing from day one.
This service follows a tested methodology informed by our over thirty years of software development experience. We factor in how your business is structured and where your employees are situated geographically to ensure optimal communication with our implementation experts.
FlightPaths is remote-first, which means we prioritise video conferencing to deliver the quickest and most effective communication. Our experts will create a comprehensive roadmap for your implementation, with key milestones to guide their progress. At each stage of your implementation journey, you will have easy access to our experts and their deep software development knowledge.
If you would like a more detailed overview of the Access Financials implementation process, feel free to read the below articles:
The expert assistance delivered during your implementation will continue post-launch thanks to our customer support Success Plans. Offering three levels of support – Essential, Standard and Premier – this service goes beyond customer support to deliver digital resources and proactive advice for optimising Access Financials.
You can rely on phone and online assistance for any technical issues, with guaranteed speedy response times. Higher levels of support give you access to e-learning courses, webinars, product roadmap briefings and dedicated customer success managers.
Access Financials vs Oracle NetSuite cost
Oracle NetSuite pricing guide
Oracle NetSuite pricing structure depends on the specific requirements of your business, including configurations, add-on NetSuite modules, total users and contract length.
NetSuite pricing base packages are US$999 per month, with a monthly access subscription cost of US$99 per user.
The cost of NetSuite integration connectors starts from US$300 per month, and the price of NetSuite Integration Platform can cost as high as $US2,000 per month.
Access Financials pricing guide
You can choose from three levels of pricing that each cater to different business needs. The prices outlined below are based on a minimum of 5 user licenses and include Access Workspace Standard Edition and the Essential Customer Success plan. These prices are not inclusive of any implementation and/or training costs.
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Tier one pricing starts at AUD$209 per user per month. This service tier targets small businesses and scaling organisations that have outgrown their current financial management and accounting platform (for example, Access Attache users).
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Tier two pricing starts at AUD$330 per user per month. This tier targets more complex accounting businesses that require additional features.
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Tier three caters to organisations with project-based accounting needs. The total cost varies depending on the unique requirements of the organisation.
Our team at The Access Group endeavours to give you as much information about pricing as possible. If you wish to learn more about the above pricing tiers and what they include, please visit our accounting software pricing and packages page.
Summary
After reading this article, you should have a great idea of the most important benefits Oracle NetSuite and Access Financials have to offer and which one is the most logical fit for your business.
Even though we have highlighted a lot in this Access Financials vs. Oracle NetSuite review, there are many features and benefits we did not cover in this article, so make sure to do your own research to understand their full range of capabilities. Download product brochures and case studies, schedule demos and even ask industry peers to provide customer insights if they've used either platform.
You can discover more about Access Financials on our dedicated product page, resources hub and blog. Plus, you can also more about the process of transitioning to a new finance system with our detailed step-by-step guide.
Our team of experts are well-versed in the capabilities of both Access Financials and Oracle NetSuite, so if you would like to discuss either solution and the needs of your business, feel free to reach out today.
