Looking for a hosted accounting solution for your company. The author, S Meyer, expressed his opinion in his blog on 5/26/09 at this website:
Why not give it read.
First, you're probably saying to yourself, "How can they even compare Microsoft Dynamics with NetSuite it's apples and oranges? NetSuite is a SaaS (Software as a Service) application and Microsoft Dynamics GP isn't." But that's only partly true, while NetSuite is strictly a SaaS application, Microsoft Dynamics GP can be configured either on-premise or on-demand-expertly hosted by a Microsoft Partner. So let's start our comparison right there.
Reason #1 - NetSuite SaaS Only versus On-Premise and On-Demand with Microsoft GP
Microsoft Dynamics GP offers flexibility in deployment models, hosted (on-demand), on-premise and even a hybrid of both. With a GP deployment you can change as your company or business needs change. For instance, if you're a start-up or small business, an on-demand accounting solution is ideal. You can pay a low monthly fee to license the software, and access it via the internet without having to buy any hardware or software, maintain cash flow. Then, as your business grows and you add users, it may make sense to establish an IT environment, add IT resources to your staff and bring the accounting solution in house. You can't do that with NetSuite.
Reason #2 - Familiar and Role-tailored Experience
Most business people today spend a good deal of their time within the Microsoft Office applications whether it's Excel, Word or the biggie, Outlook. The interface for Microsoft Dynamics GP was modeled to look and feel like the Microsoft Office tools we use every day. Additionally Dynamics GP offers an industry role-tailored interface for a task-centric experience. This adds up to ease of use with minimized training time and costs as users easily adapt to the familiar structure. You don't get that with NetSuite.
Reason #3 - Total Cost of Ownership and ROI
According to information from Forrester and Nucleus Research, 87% of Dynamics GP small and mid-sized business customers achieved positive ROI from their deployment with an average payback time of 21 months. In contrast, NetSuite fees and add-on module costs can exceed the Microsoft Dynamics GP maintenance fee per user, adding up to higher overall TCO.
Reason #4 - R & D, Stability and Experience
Microsoft invests around $5 billion dollars a year in research and development as part of their commitment to their customers' long term success. This investment along with 25 years of experience helps support almost 39,000 Microsoft Dynamics GP customers worldwide. And with over 2300 certified solution partners, compared to NetSuite's estimated 150 resellers, you have no trouble finding a partner to deliver a successful GP implementation. You don't get that with NetSuite.
Reason #5 - Functionality and Adaptability
CPA Technology Advisor's review of high-end accounting systems gave Microsoft Dynamics GP a 5 out of 5 stars rating and labeled it as "an adaptive solution with a broad set of functionality" which crosses financials, supply chain, manufacturing, project, payroll human resources and business intelligence with built in functionality specific to the manufacturing, distribution, retial, service, healthcare, public sector and not-for-profit industries. A report from the Accounting Library states that 84% of Microsoft Dynamics GP overall customer needs were met. The same report states that only 31% of NetSuite customers basic features needs were met.
If you're considering a SaaS application for your accounting solution because of the upside associated with a monthly subscription, ease of implementation and hassle-free IT, look at Microsoft Dynamics GP on-demand and you'll also get the flexibility to move on-premise, the familiarity of Microsoft Office and a low total cost of ownership.
To host or not to host. Maybe that should be the subquestion for this blog.
Regards,
Jeff Cozens
