The main difference between NetSuite and Finaloop is that NetSuite is quite cheaper than Finaloop.
In this versus, we compare NetSuite vs Finaloop in-depth to help you choose one of them. If you want to know more details, we recommend you to read our NetSuite review and Finaloop review.
However, you can also directly find the Best Accounting Software, we list them by ranking (based on our review rating), you can find all the comparisons we made and we explain how you should choose the proper one.
Here is what we will talk about in the rest of this article:
To make your choice quick and efficient, here is a short summary about our comparison of Finaloop vs NetSuite. Find out their ratings, features, prices and then discover the winner of the versus.
Navigating the maze of software pricing can be daunting, but with NetSuite, clarity meets value. Offering a spectrum of packages tailored to diverse business needs, NetSuite’s pricing starts from a modest $1,599/month and can go up to $9,999/month for its premium offerings.
Whether you’re a budding startup or a sprawling enterprise, there’s a price point that fits just right. Dive in to discover the perfect balance of features and affordability!
Base Package:
NetSuite offers a base package that includes both NetSuite ERP and NetSuite CRM. This foundational package is designed to cater to businesses’ essential needs, providing them with core functionalities to manage their operations.
SuiteSuccess Packages:
Tailored to specific industries, NetSuite’s SuiteSuccess packages come with pre-defined roles, dedicated process flows, KPIs, turnkey setup, and a plethora of prebuilt reports and dashboards based on industry best practices. Some of the popular SuiteSuccess packages include:
Financials First
Manufacturing
Wholesale Distribution
Retail
Professional Services
Software
Food & Beverage
Apparel, Footwear & Accessories
The pricing for these packages ranges from $1,599/month to $9,999/month, with each package available in either a Standard or Premium edition.
NetSuite ERP:
Included in each base package, NetSuite ERP encompasses a wide range of features, such as Financial Management, Financial Planning, Order Management, Production Management, Supply Chain Management, Warehouse and Fulfillment, and Procurement.
NetSuite CRM:
Also part of the base package, NetSuite CRM offers a comprehensive customer relationship management system, providing businesses with a 360-degree view of their customers. Features include Sales Force Automation, Customer Service Management, Partner Relationship Management, Marketing Automation, Quote/Order Management, Commissions, and Sales Forecasting.
It’s worth noting that the exact pricing can vary based on the specific needs and customizations required by a business. For a detailed breakdown and to understand the best fit for your organization, it’s recommended to consult directly with NetSuite or an authorized distributor.
Finaloop adopts a unique and tailored pricing approach based on projected gross revenue, ensuring flexibility and scalability for users. The platform offers pricing tiers corresponding to different revenue brackets, ranging from up to $100k to $10M, and even up to $200M.
This structure enables you to align your financial management needs with the most appropriate plan. The basic features are provided in all the plans but if you wish to unlock more advanced tools then you may subscribe to add-ons as well.
You can effectively choose the plan that matches your financial situation. This ensures that you are charged according to your projected gross revenue.
This approach makes Finaloop’s pricing plans accessible and inclusive by allowing businesses of various sizes to benefit from the platform’s financial management solutions.
Revenue Up to $100K ($65/month)
It includes:
Unlimited platform integrations & up to 15 bank/credit card accounts
Accrual / Cash basis flexibility
Always up-to-date P&L & Balance Sheet
Real-time cash-flow analysis
Real-time transaction categorization
Inventory management for E-commerce and wholesale
View and status of multichannel orders
Invoices for wholesale and retail
Bills issuance and reconciliation
Sales tax liability tracking
Income tax deduction optimization
Dedicated & responsive bookkeeping team
Ability to sync to QBO (optional)
You can also buy Add-on Finaloop full-service tax solution for Only $99/ month
It is payable for all 12 months included in a tax return and it includes:
Annual federal business income tax return prep ready for e-filing
State income tax prep (up to 1 state) ready for e-filing
