Over the years, QuickBooks has become the de facto standard financial software for small businesses, with more than 5 million businesses using it. QuickBooks is the best fit for many businesses on day one, but is it the right choice to enable rapidly growing businesses to sustain and accelerate growth?
In many instances, QuickBooks is inadequate. It lacks many of the capabilities that growing businesses need and provides limited real-time visibility into essential business information. Because of QuickBooks’ limitations, companies are often forced to grow by adding more systems or applications for specific purposes—which often aren’t integrated with each other—and may revise or attempt to automate certain business processes. This can result in a complex “applications hairball” that’s rife with manual tasks and bottlenecks, increases the risks of errors, can hurt the customer experience, and can limit growth.
For years NetSuite has worked with growing businesses in all industries and geographies, and with thousands of finance and IT professions who are guiding their companies through different phases of development. While these businesses are diverse, their challenges in dealing with reaching the limits of QuickBooks are often similar.
This whitepaper provides a summary of many of the issues that growing companies using QuickBooks typically face, and why so many have decided to move to NetSuite—a modern, integrated, cloud-based solution that enables accelerated business growth. Case studies and quotes from those who have adopted NetSuite describe why enterprises have made this decision, how they have implemented NetSuite, and the benefits they are experiencing.
If you lead a growing business that is currently using QuickBooks, and are concerned that the pain and complexity imposed by QuickBooks is limiting your business, read on to dis- cover that you are not alone—and that there is a better way.