MultiCHAX Vs NetSuite Financials (Jul 2020)

Shlomi LaviShlomi Lavi / Jul 23, 2020

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Bottom Line: Which is Better - MultiCHAX or NetSuite Financials?

MultiCHAX is more expensive to implement (TCO) than NetSuite Financials, MultiCHAX is rated higher (92/100) than NetSuite Financials (89/100). NetSuite Financials offers more features (16) to their users than MultiCHAX (3).

Looking for the right Accounting & Finance solution for your business? buyers like you are primarily concerned about the real total implementation cost (TCO), full list of features, vendor reliability, user reviews, pros and cons. In this article we compare between the 2 software products:

How Chax, Inc. compares with NetSuite?

Chax, Inc.: CHAX®: The most cost-effective check by phone, check by fax, and check by internet system available. Checks by phone, fax, or e-mail software allows you to enter your customer's check information, print the information on a blank check form, and deposit the check to any U.S. bank for deposit the same day. Now, collecting payments by check has ne...

NetSuite: NetSuite is the world's leading provider of cloud-based business management software. NetSuite helps companies manage core business processes with a single, fully integrated system covering ERP/financials, CRM, ecommerce, inventory and more.   More than 12,000 high-growth and midsized companies and divisions of large enterprises...

Who's more expensive? MultiCHAX or NetSuite Financials?

The real total cost of ownership (TCO) of Accounting & Finance software includes the software license, subscription fees, software training, customizations, hardware (if needed), maintenance & support and other related services. When calculating the TCO it's important to add all of these "hidden cost" as well. We prepared a TCO calculator for MultiCHAX and NetSuite Financials.

MultiCHAX price starts at $99 per license , on a scale between 1 to 10 MultiCHAX is rated 6, which is similar to the average cost of Accounting & Finance software. NetSuite Financials price starts at $499 per user/month , when comparing NetSuite Financials to their competitors, the software is rated 2 - much lower than the average Accounting & Finance software cost.

Bottom line: MultiCHAX is more expensive than NetSuite Financials.

Which software includes more/better features?

As with any business software solutions, it’s important to consider the features & functionality. The tool should support the processes, workflows, reports and needs that matter to your team. To help you evaluate this, we've compared MultiCHAX Vs. NetSuite Financials based on some of the most important and required Accounting & Finance features. MultiCHAX: Data Import/Export, Basic Reports, Online Customer Support. NetSuite Financials: Accounts Payable, Audit Trail, Billing & Invoicing, Budgeting & Forecasting, Cash Flow.

Target customer size

Customers of the software mainly include small and medium businesses with backgrounds in various major industries. Netsuite Financials is ideal for businesses of all sizes and has catered to the needs of hundreds of companies.

MultiCHAX

ITQlick rating
(3.4/5)

starts at $99 per license

MultiCHAX is a check printing solution for small and medium businesses. It manages printing of payables and payroll checks along with MICR coding. The software was developed and launched by CHAX Inc hea...

Categories: Accounting & Finance, Core Accounting.

NetSuite Financials

ITQlick rating
(4.2/5)

starts at $499 per user/month

NetSuite Financials is a cloud-based accounting and eCommerce software suite designed to comply with all business sizes. It aims to streamline your accounting department through the use of a web based applicati...

Categories: Billing & Invoicing, Budgeting & CPM, Business tax, Core Accounting, Financial reporting.

Compare specifications

Compare features

MultiCHAX: 3 Features

Data Import/Export
Basic Reports
Online Customer Support

NetSuite Financials: 16 Features

Accounts Payable
Audit Trail
Billing & Invoicing
Budgeting & Forecasting
Cash Flow
Depreciation
Fixed-Assets
Multi-Currency
Project-Accounting
Sales Reporting
Tax compliance
Time & Expense
Billing Rate Management
Corporate Card Payments
Multiple Billing Rates
Time Tracking by Project
ITQlick rating ITQlick Rating is based on the software score (below) and aggregated online reviews
ITQlick score ITQlick Score is a 1 to 100, the calculation is based on pricing, and functionality Vs. alternative solutions
Pricing score pricing Score is a 1 to 10 (10 is high cost), based on the TCO (cost of licences, customizations, training, hardware when relevant) Vs. alternative solutions
License pricing license pricing (if provided by the software vendor)
Functionality score
Software review
Compare
MultiCHAX
ITQlick rating ITQlick Rating is based on the software score (below) and aggregated online reviews
Score
92/100
Pricing Pricing score ranges between 1 to 10 while 1 is low TCO and 10 is high TCO (TCO - total cost of ownership: cost of licences, customizations, training, hardware when relevant) Vs. alternative solutions
7/10
License pricing license pricing (if provided by the software vendor)
$99 per license
Functionality
5
Compare
NetSuite
ITQlick rating ITQlick Rating is based on the software score (below) and aggregated online reviews
Score
89/100
Pricing Pricing score ranges between 1 to 10 while 1 is low TCO and 10 is high TCO (TCO - total cost of ownership: cost of licences, customizations, training, hardware when relevant) Vs. alternative solutions
3.2/10
License pricing license pricing (if provided by the software vendor)
$499 per user/month
Functionality
41
Denali
ITQlick rating ITQlick Rating is based on the software score (below) and aggregated online reviews
Score
93/100
Pricing Pricing score ranges between 1 to 10 while 1 is low TCO and 10 is high TCO (TCO - total cost of ownership: cost of licences, customizations, training, hardware when relevant) Vs. alternative solutions
2.6/10
License pricing license pricing (if provided by the software vendor)
$99 per month
Functionality
16
Review
MoneyDesktop
ITQlick rating ITQlick Rating is based on the software score (below) and aggregated online reviews
Score
92/100
Pricing Pricing score ranges between 1 to 10 while 1 is low TCO and 10 is high TCO (TCO - total cost of ownership: cost of licences, customizations, training, hardware when relevant) Vs. alternative solutions
5.2/10
License pricing license pricing (if provided by the software vendor)
Pricing not available
Functionality
4
Intuit
ITQlick rating ITQlick Rating is based on the software score (below) and aggregated online reviews
Score
92/100
Pricing Pricing score ranges between 1 to 10 while 1 is low TCO and 10 is high TCO (TCO - total cost of ownership: cost of licences, customizations, training, hardware when relevant) Vs. alternative solutions
6/10
License pricing license pricing (if provided by the software vendor)
$12.50 per user/month
Functionality
3
Review
Author
Shlomi Lavi - admin

Shlomi Lavi

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Shlomi holds a Bachelor of Science (B.Sc.) in Information System Engineering from Ben Gurion University in Israel. Shlomi brings 15 years of global IT and IS management experience as a consultant, and implementation expert for small, medium and large size (global) companies.