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Sizing up your options:

NetSuite versus MYOB Acumatica

(MYOB Advanced)

NetSuite gives fast-growing ANZ businesses everything they need to manage and expand operations without borders.   

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Why growing businesses prefer NetSuite over MYOB Acumatica 

NetSuite and MYOB Acumatica (formerly MYOB Advanced) share some comparable functionality across modules, however NetSuite offers several advanced features to support rapid growth and expansion. 

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Cross border operations

NetSuite offers global, native financial consolidation and intercompany management. MYOB Acumatica & partners only operate in Australia & New Zealand.

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Global-ready

NetSuite lets you transact in any currency and language, using country-specific audit, tax, and compliance, while maintaining a real-time, consolidated business view of global entities. 

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Configure, customise and extend 

NetSuite’s flexibility ensures your unique business requirements are met with flexible customisation, capabilities and robust integrations options. You can even customise the general ledger. 

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Rapid deployment

NetSuite’s built-in business processes gets you up and running fast with over 95 pre-built reports, dashboards, and metrics. MYOB Acumatica has no comparable rapid-deployment options. 

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Robust, flexible reporting 

NetSuite is built with real-time data entry, while MYOB Acumatica uses batch-based entry at the subledger level, which can make reporting difficult and time-consuming. 

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Scalable

With NetSuite, customers can grow to thousands of users, high transaction volumes, expand to multiple countries as well as work in other verticals. 

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Infographic: NetSuite vs. MYOB Acumatica 

Feature by feature comparison

In this infographic, we compare how NetSuite's features stack up against MYOB Acumatica (formerly MYOB Advanced), so you have the tools to choose for yourself which software offering is best positioned to help meet your organisation’s objectives. 

Ready to choose NetSuite’s growth-ready solution? 

 

A strategic move from MYOB Advanced to NetSuite cloud ERP saw ATOM’s revenue grow over 72% in just three years.

"At the highest level, we were looking to adopt a cloud platform that could support our growth aspirations and streamline reporting processes. Everything was far too manual."

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When is MYOB Acumatica or NetSuite the best choice? 

Having the right tech stack is a critical decision that can impact your ability to make informed decisions, scale operations, and keep up with customer demand. While both MYOB Acumatica and NetSuite offer unique advantages, the best fit will depend on your circumstances. 

 

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SCENARIO 1

If you are a small to medium-sized business in Australia or New Zealand...

MYOB Acumatica will likely provide sufficient capabilities for your growing business needs.  

For small to medium-sized businesses, MYOB Acumatica offers core financials, project accounting, and basic inventory management features that help you manage your operations effectively. It's well-suited for the Australian and New Zealand markets, with local tax and compliance support. However, as your business starts to expand internationally or requires more advanced functionality, you may find MYOB Acumatica's capabilities limiting. 

 

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SCENARIO 2

If your business relies heavily on customisation and specific industry requirements... 

NetSuite is likely the better choice. 

NetSuite provides robust customisation options that are easy to manage and integrate seamlessly within its single-database architecture.

For businesses with complex, specific needs, NetSuite's comprehensive customisation features, smooth upgrades, and industry-specific solutions offer a more efficient and scalable approach. 

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SCENARIO 3

If you have plans for significant growth or international expansion... 

You will require a more sophisticated, scalable business suite. 

If you're looking to expand into new markets, particularly internationally, or if you're planning to significantly increase your operational complexity, MYOB Acumatica may not be able to keep up with your needs. You'll need a solution that offers native multi-currency, language and taxation support, comprehensive financial consolidation, and real-time data processing. In this case, upgrading to a powerful ERP like NetSuite will provide the scalability and functionality needed to support your growth plans. 

FREQUENTLY ASKED QUESTIONS

What is cloud ERP and NetSuite?

NetSuite's cloud-based ERP platform streamlines both front and back-office operations, allowing businesses to manage their accounting, finances, customer relationship management, supply chains, sales, warehousing, and eCommerce in one place. With a range of customisable modules, NetSuite serves customers from diverse industries, helping them optimise and grow their business. 

NetSuite OneWorld provides a complete cloud ERP system for global businesses to scale, providing multi-subsidiary management and support for local accounting regulations. Its unique features allow it to manage multiple charts of accounts across subsidiaries, providing seamless management for businesses operating globally. In addition, NetSuite offers a range of apps and extensions that allow businesses to tailor their solution to their unique processes, maximizing efficiency and productivity. For more information, explore Annexa's popular NetSuite apps. 

What is a NetSuite solution provider?

NetSuite solution providers are expert consulting organisations selected by NetSuite for their ability to deliver comprehensive cloud computing solutions. With a team of specialists including technology experts, accountants, management consultants, developers, former end-users, and integration specialists, they have an extensive and thorough understanding of NetSuite’s ERP and CRM capabilities for mid-market and enterprise customers, and can apply it to the unique requirements of an organisation.  

These providers, like Annexa, ensure that NetSuite customers receive the highest level of service when designing, implementing, and deploying their business management solution. Annexa, for example, is Australia's first and only NetSuite Commerce Partner and has achieved NetSuite 5-Star Partner status year on year since 2016, among other accreditations. 

How long does it take to implement NetSuite?

NetSuite implementation timelines can vary greatly depending on the size and complexity of the business. While smaller companies can expect a shorter deployment timeframe, larger enterprises may require more time for the implementation of a cloud-based ERP system like NetSuite. On average, however, NetSuite customers can expect their system to be deployed within three months, a significant improvement over the year-and-a-half timeframe for on-premise ERP implementations. 

NetSuite SuiteSuccess further speeds up the deployment process by providing pre-configured KPIs, workflows, and reports, allowing customers to get up and running quickly while still delivering value. 

Navigate to NetSuite with Annexa 

About Annexa 

Annexa is an award-winning NetSuite partner working with Australian and New Zealand businesses to help them migrate to holistic cloud ERP solutions that address their pressing business challenges. 

Since 1993, we’ve been a part of the growth journey of hundreds of organisations and teams, designing and deploying best practice business solutions that drive business value. And we are here to help you too. 

Book a consultation with us to discover how NetSuite can create efficiency and productivity for your business and your ever-evolving role in it.  

1300 994 550 | annexa.com.au | sales@annexa.com.au 

Discover the NetSuite difference. Speak to the experts!