Yodlee MoneyCenter Vs NetSuite Financials (Jul 2020)

Yodlee MoneyCenter Vs. NetSuite Financials: Which is better?

Shlomi Lavi / Jul 23, 2020

We publish unbiased reviews, our opinions are our own and are not influenced by payments from advertisers. Learn more in our advertiser disclosure.

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

Yodlee: Yodlee created the industry’s most scalable and robust personal finance data platform for powering innovation in financial services. Used by over 600 leading financial institutions and companies and more than 40 million consumers, Yodlee’s best-in class solutions remove the friction from financial management, delivering a more insightful, interactive, and actionable experience for consumers while delivering revenue, retention, and engagement for financial providers.

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.

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 Yodlee MoneyCenter TCO and NetSuite Financials total cost to help with the total cost of ownership calculation.

Yodlee MoneyCenter price Starting from $350 per month , on a scale between 1 to 10 Yodlee MoneyCenter is rated 6, which is similar to the average cost of Accounting & Finance software. NetSuite Financials price Starting from $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: Yodlee MoneyCenter 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 Yodlee MoneyCenter Vs. NetSuite Financials based on some of the most important and required Accounting & Finance features.
Yodlee MoneyCenter: Accounts Payable, Accounts Receivable, Billing & Invoicing, Budgeting & Forecasting, Tax compliance, ..
NetSuite Financials list of features include the following: Accounts Payable, Audit Trail, Billing & Invoicing, Budgeting & Forecasting, Cash Flow, .

Target customer size

Customers of the software include small and medium businesses and well as large enterprises. Netsuite Financials is ideal for businesses of all sizes and has catered to the needs of hundreds of companies.