NetSuite vs Tally
Why You Should Make the Switch

As your company grows and your financial management becomes more complex, you will find that accounting software has clear limits. Handling mature business challenges using spreadsheets and clusters of disparate applications just doesn’t work—which is why companies often outgrow Tally and move to NetSuite.

If you want to lower operational costs, automate key business processes and boost productivity, both now and in the future, you should consider which functional capability will both increase efficiency and scale with your business.

Both NetSuite and Tally offer software designed to help businesses manage their accounting processes, but there is a significant gap in the depth and breadth of capability. Below, we discuss NetSuite vs. Tally and compare each offering so business leaders can decide which solution will meet their needs now and into the future.

NetSuite Overview

NetSuite’s financial management solution supports businesses at every stage of growth with a cloud-based, unified platform that provides real-time financial management, pervasive business visibility, and audit-friendly financial governance and tightly controlled user access.

NetSuite works as an end-to-end accounting solution, enabling cash flow and revenue management, automatic quote-to-order fulfillment and integrated planning and budgeting. It goes beyond basic bookkeeping and offers an entire suite of business capability to serve companies looking to increase operational efficiency throughout the business: CRM, ecommerce, manufacturing, warehouse and distribution, professional services automation and more. NetSuite’s extensible platform not only allows customers to configure NetSuite’s functional capability and reporting, but also exploit the hundreds of applications built by 3rd party vendors.

As NetSuite is built on cloud, customers enjoy the benefit of automated product updates and can trust NetSuite be secure, to be available and to scale with their needs.

“We’ve saved an enormous amount of money with NetSuite and those cost savings have enabled us to hire more people who work in programs and make a difference in people’s lives.”

— Ganesh Aylur Kailasam, Chief Program Officer and Research Administrator, YRG CARE

Tally Overview

Tally is the starting point and go-to accounting product for many emerging businesses in need of bookkeeping software, thanks in part to its low price point. Users can track income and expenses, manage cashflow, create financial reports, and be tax compliant.

Tally is on-premise software. Tally customers have to install and manage the operations, security, availability, integration, scalability and availability of the software.

Tally is focused on accounting. It does include some inventory and manufacturing functionality but will rely on partner customisations and integrations for advanced features. Tally customers often depend of spreadsheets to support their reporting needs.

NetSuite vs Tally

Tally suits emerging businesses who are focused on their accounting and GST compliancy needs.

While Tally is a fit for purpose as an emerging businesses accounting solution, successful growing businesses outgrow Tally. In contrast, NetSuite offers a functionally rich, audit-ready financial management solution that can absorb the complexities of growing businesses, including running a global operation.

Growing businesses using Tally often need to operate multiple applications, spreadsheets and manual workarounds when they want to automate operations. This can result in fragmented processes, and an unpredictable operational landscape. Businesses running on NetSuite can use a single platform to automate financials, CRM, E-commerce and exploit industry capabilities such as manufacturing, warehouse and distribution, retail and professional service management, and extend to a vast array of partner applications. To further help businesses, NetSuite comes with preconfigured KPIs, workflows, reminders and customizable dashboards that show exactly how operations and accounting processes align and what needs to get done.

Tally provides limited business visibility with basic accounting reporting. NetSuite supports growing complex businesses through real-time dashboarding, kpi’s reporting and search delivering the insight across financials and operations, giving businesses that competitive edge.

By being delivered on the cloud, NetSuite customers can focus on their business, driving revenue and innovation, knowing that their NetSuite experience is current, secure and scalable.

Simply put, NetSuite provides a platform for growth.

Grading System:
= Native and solid capabilities
= Capabilities need add-on or partner integration
= Weak or no functionality