NetSuite Financials Vs MultiCHAX (Jul 2020)

Shlomi Lavi / Jul 23, 2020

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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:

Vendor comparison

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 use NetSuite to run more effectively without the high costs and inefficiency of on-premise systems. By using NetSuite to automate operations, streamline processes and access real-time business information anytime, anywhere, growing businesses realize breakthrough performance improvements.

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 never been easier or more convenient. When a customer says, "I'll put the check in the mail," you just tell them to CHAX® it - by fax, phone, or web. With the help of CHAX® user friendly software, simply input the check information into any PC, print out a check, and deposit it. Then it's back to business as usual. It doesn't get any easier than that. Just about anyone can use CHAX®, from a sole proprietorship to major corporations, if you need to receive check payments, you can use CHAX®.

Pricing/cost comparison

The real cost of Accounting & Finance software includes the software license, subscription fees, software training cost, customization cost, required hardware, and the cost of maintenance & support and other related services. It's critical that you account for all of these costs to gain an understanding of the system's "total cost of ownership". We prepared a total cost calculator for NetSuite Financials TCO and MultiCHAX total cost to help with the total cost of ownership calculation.

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

Bottom line:MultiCHAX is more expensive than NetSuite Financials.

Features and functionality

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 NetSuite Financials Vs. MultiCHAX based on some of the most important and required Accounting & Finance features.
NetSuite Financials: Accounts Payable, Audit Trail, Billing & Invoicing, Budgeting & Forecasting, Cash Flow, Depreciation, Fixed-Assets, Multi-Currency, ..
MultiCHAX list of features include the following: Data Import/Export, Basic Reports, Online Customer Support, .

Target customer size

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