Shlomi Lavi /
Apr 10, 2024
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Bottom Line: Which is Better - Agency Matrix or NetSuite?
NetSuite is more expensive to implement (TCO) than Agency Matrix, and NetSuite is rated higher (100/100) than Agency Matrix (86/100). Agency Matrix offers users more features (3) than NetSuite (0).
Looking for the right Insurance solution for your business? Buyers are primarily concerned about the real total cost of implementation (TCO), the full list of features, vendor reliability, user reviews, and the pros and cons. In this article we compare between the two software products:
Agency Matrix Vs. Oracle
Agency Matrix: Agency Matrix was the product invention of president and founder, Manual Ochoa. During his many years in the insurance industry in Texas, Manuel’s career evolved from independent agent, to representing several Texas Managing General Agencies, and finally on to software developer. It was in 2005 that a local Texas agent and colleague of Ochoa’s pers...
Oracle: With more than 380,000 customers—including 100 of the Fortune 100—and with deployments across a wide variety of industries in more than 145 countries around the globe, Oracle offers an optimized and fully integrated stack of business hardware and software systems. Oracle engineers hardware and software to work together in the cloud and in your data...
Who is more expensive? Agency Matrix or NetSuite?
The real total cost of ownership (TCO) of Insurance software includes the software license, subscription fees, software training, customizations, hardware (if needed), maintenance and support and other related services. When calculating the TCO, it's important to add all of these ”hidden costs” as well. We prepared a TCO (Total Cost) calculator for Agency Matrix and NetSuite.
Agency Matrix price starts at $49 per user/month , On a scale between 1 to 10 Agency Matrix is rated 2, which is much lower than the average cost of Insurance software. NetSuite price starts at $99 per user/month + $999 per month for the platform fee , When comparing NetSuite to its competitors, the software is rated 6 - similar to the average Insurance software cost.
Bottom line: NetSuite is more expensive than Agency Matrix.
Which software includes more/better features?
We've compared Agency Matrix Vs. NetSuite based on some of the most important and required Insurance features.
Agency Matrix: Data Import/Export, Basic Reports, Online Customer Support.
NetSuite: We are still working to collect the list of features for NetSuite.
Target customer size
Agency Matrix is suitable for insurance agents, insurance companies and industries providing financial
services. and NetSuite's target customer size include: Start up, Small business, Medium business, Large business.