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Unifying Financials And Inventory: Why Health and Beauty Companies are Moving From QuickBooks to Netsuite

Unifying Financials And Inventory: Why Health and Beauty Companies are Moving From QuickBooks to Netsuite

NetSuite
Published by: Research Desk Released: Jun 05, 2020

We have all heard the phrase “cash is king.” It is the mantra most companies live by. It is also why purchasing an application to manage money is usually the first business software investment that health and beauty companies make.

As a starter system, QuickBooks is a logical and economical choice. At a high level, QuickBooks provides the basic functionality any health and beauty business needs in a financial management system—enabling the management of a company’s chart of accounts, along with a systematic method of managing its relationships with vendors and customers through accounts payable and accounts receivable respectively. Providing this core functionality at a reasonable price point has made QuickBooks the system norm across many industries, but fast-growing health and beauty companies need a financial system to keep the pace. Companies must deviate from past business management systems and business models to keep up with evolving innovations that are creating escalated competition and customer expectations. Download this white paper to understand the many issues that QuickBooks users face and the reasons why thousands have moved to NetSuite to accelerate business growth.