Why do so many Xero customers make a beeline for NetSuite when they outgrow Xero?
The answer is simple - they turn to NetSuite for its comprehensive functionality and scalability - features that are so important as their operations expand beyond what Xero can support.
This is likely why we had an influx of Xero users join our recent webinar What's next after Xero?, where we uncovered how NetSuite outperforms Xero when it comes to handling advanced business needs.
You can catch the full on demand session including the attendee Q&A covering a wide range of questions, or you can scroll down to catch bite sized snippets covering the capabilities that Xero can’t quite fulfil.
.png?width=1200&height=627&name=Xero%20Webinar%20Assets%20(6).png)
Enterprise architecture
Quickly understand the tech architectures behind NetSuite and Xero.
Global business management
Expand into new markets and easily introduce new entities, subsidiaries and currencies. Plus run it all from a single instance of NetSuite.
Key NetSuite capabilities:
- Supports multi-currency, multi-entity management – with real-time currency conversion and financial consolidation
- In-built foreign tax compliance and foreign reporting requirements
- Audit controls / tracking on all financials
- Permissions & approval routing
Customisation and scalability
Consolidate invoicing, reporting, and revenue management into a single platform and tailor NetSuite around your use cases while ensuring scalable performance without disruption.
Key NetSuite capabilities:
- Data centre infrastructure: Enterprise-class data management, security, performance and availability with Oracle Cloud Infrastructure - localised hosting around the world
- Customisation: Build new workflows, scripts, forms & functionality with the SuiteCloud Platform (development tools to extend the platform)
- Transactional scalability: Equipped to handle large transaction volumes
Complex financial reporting
Ready-to-go, highly customisable and native reporting that brings in data from multiple sources.
Key NetSuite capabilities:
- Native reports: Fully customisable standard financial reports, right up to reporting on complex business models
- Planning & Budgeting: One scalable solution to automate planning, produce budgets & forecasts, model what-if scenarios & generate reports (NSPB)
- BI & planning: Native dashboards with prebuilt KPIs, ability to customise as needed. Enterprise grade Data Warehouse and Advanced Analytics tool (NSAW).
Native suite of modules
Support your evolving business requirements with native modules - like inventory management, warehouse management or project accounting - that let you build out a customised solution designed to grow and adapt with your business.
Key NetSuite capabilities:
- Tailored solutions: Suite of modules allows businesses to implement an ERP that is specific to their requirements
- Industry solutions: Pre-built modules built for various industry requirements
- Add-ons: Continue to evolve your NetSuite solution as your business requirements change by adding additional modules
- Collection of SuiteApps – even more functionality & native to the platform e.g. RF-SMART
Robust integration structure
NetSuite's extensibility allows you to connect your entire tech ecosystem with pre-built integrations, iPaaS, or file-based tools, ensuring seamless data flow and enhanced operational efficiency.
Key NetSuite capabilities:
- Native integrations: Reliable pre-built integrations with key industry platforms
- API scalability: Integrations suitable for high transaction volumes. The API supports flexible concurrency, and seamless handling of surging orders and customers
- iPaaS: Robust integration management platform to handle multiple integrations in one place – low-code & user friendly
Ready for a Xero to NetSuite upgrade?
If you’ve recognised that Xero is no longer keeping pace, it’s time to act. Transitioning to NetSuite could be the strategic move that drives your business forward. For a seamless upgrade and a system that grows with you, reach out to us.
