NetSuite vs Xero

Last updated: October 02, 2017

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NetSuite
NetSuite is the leading vendor of cloud-based Software-as-a-Service integrated business management software for mid-market enterprises and divisions of large companies. NetSuite's cloud business management system including ERP / accounting, order management / inventory, CRM, professional services automation (PSA), and Ecommerce.
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Xero
Xero is accounting software for small business. Like alternatives, Xero allows to manage invoicing, reconciliation, accounts payable, bookkeeping and more. Share access to your latest business numbers with your team & your accountant – so everyone is up to speed. Xero accounting software lets you work anywhere.
NetSuite vs Xero in our news:

2017. Xero integrated with spending tracker Curve



Accounting software provider Xero has partnered with Curve, fintech startup that lets you consolidate all your bank cards into a single card and track your spending. The goal is to remove much of the friction involved in filing expenses. The integration gives users an option to connect the Curve app to Xero so that spending on one's Curve card can be automatically added to the accounting software without the need to enter each expense manually.


2016. Oracle buys cloud ERP provider NetSuite for $9.3B


Oracle will acquire NetSuite for about $9.3 billion. Both Oracle and NetSuite’s cloud service offerings aimed at enterprise customers will continue to operate and “coexist in the marketplace forever,” according to a statement by Oracle CEO Mark Hurd. Eighteen-year-old NetSuite claims a dominant position in the cloud enterprise resource planning (ERP) space, which includes offerings to help businesses track supply and demand, inventory, accounting, customer relationships (CRM) and HR. The ERP industry has been an active space for M&A and general consolidation over the past few years, and Oracle in general has been an aggressive acquirer of smaller companies throughout 2016, with recent pick-ups including Opower and Textura.


2015. Cloud accounting service Xero raises $111M



New Zealand-based online accounting software firm Xero has raised a $110.8 million round of capital to grow its business in the North American market. Prior to today, Xero had raised over $240 million from investors. Xero provides online accounting software for small/medium businesses and accountants. While many small businesses were still using rudimentary accounting systems or even Excel spreadsheets, Xero knew the future was in the cloud. By giving small businesses, accountants and bookkeepers a way to do accounting online and from mobile, has revolutionized how they work.


2015. Xero launched cloud payroll service in US



Cloud accounting startup Xero announceding a new product that will extend it further into the back-office by offering up cloud-based payroll and tax software. Xero Payroll was designed to target the more than 5 million small businesses in the U.S. that have fewer than 20 employees. For those employers, many of which outsource it to third-party providers, payroll can end up being a significant expense, between $200 and $500 per month. In addition to the cost of outsourcing, there is also the potential for human error and fines based on incomplete or incorrect information. The product provide SMBs with the same type of cloud-based platform that it’s created for accounting, but make it available to help employees get paid and electronically file state and federal payroll taxes.


2013. Xero Launches New Features and Plans for a Payroll Solution

Xero, the cloud-based accounting solution for small business, has added a collection of new features. They include Xero Touch - a new version of its Apple mobile operating system recently updated for iOS7. It allows users to check bank transactions, invoice, check with an accountant and more directly from a smartphone. Xero Files is a new drag and drop application. It lets you add invoices, transactions, expense receipts, fixed assets, contracts and just about any other kind of files into Xero. You can then attach them to related files and documents making them easy to find, the company says. Xero Purchase Orders now allows you to put together purchase orders for your business in the same way you can already put together invoices on Xero. Pricing starts at $19 per month for small businesses depending on the number of invoices and payments being processed.


2010. NetSuite fights hairballs. But makes one with Google Apps



NetSuite marketing team is well known for its sense of humor. But before their humor was mainly inspired by SAP and its "stealth" launch of SaaS solution SAP Business ByDesign (that let NetSuite make its business). By the way, it's interesting that actually NetSuite drives away Oracle's customers as well as SAP's, but with respect to Oracle, the NetSuite marketers behave much more modest, because the Oracle CEO, Larry Ellison in co-owner of NetSuite. But let's go back to hairballs. What is it? According to NetSuite, the hairball - is a thing that happens when a company deploys disparate IT systems and then tries to integrate them. The conclusion is simple - use NetSuite, where everything is natively integrated. In addition to funny video NetSuite unveiled the updated system interface and seamless integration with Google Apps:


2009. Netsuite invented Social ERP



Netsuite has already missed the opportunity to use the Social CRM buzz. Salesforce and some other CRM vendors have already unveiled social features and launched the marketing promotions. But Netsuite has all chances to become the first to offer Social ERP. Today Netsuite and InsideView announced about the new partnership in order to create the Social ERP. But why do we need this social ERP software? Everything was clear with social CRM: salesperson needs to monitor customers and leads in the social networks in order to involve into the discussions and sell something. But why ERP, that  is intended for resources accounting and planning, needs the similar features? Netsuite has found some answers to this question.


2004. NetSuite updates customer management tools

 NetSuite, a provider of hosted customer relationship management software, plans to debut an updated version of its services that aims to give users more powerful tools to sort data. NetSuite 10.0 offers analysis tools to help businesses predict information about their customers based on data they have already entered. The San Mateo, Calif., "software as a service" company believes that many standalone CRM systems have failed to deliver real insight into customer behavior. Rival business software packages revolve around data related to internal sales processes, the company said. NetSuite is able to integrate data taken from multiple applications partly because its tools exist in a single architecture. That allows CRM, enterprise resource planning (ERP) and e-commerce processes to be managed in a single database, Nelson said. In addition to selling all the applications in one package, NetSuite's CRM and ERP products are sold individually.