Xero a cloud based accounting software that has been

This preview shows page 10 - 13 out of 18 pages.

Xero
A cloud-based accounting software that has been in the industry since2016. Xero offers advanced accounting features and can accommodatean unlimited number of users. It has been the top accounting softwarechoice for over 16,000 accounting firms due to its unique, efficient, andeffective accounting features. Some of the advance features that can befound in Xero are detailed contact management, project management,time tracking, inventory management, budgeting and many more. Xeroalso has excellent customer reviews and operate on mobile as well. Ontop of this, Xero’s security is nearly impenetrable and sits on top of itscompetitors in terms of cloud-based accounting and provides integrationcapabilities (more than 700). Xero is a suitable pick for Houzitconsidering its business size and would solve and tidy up some of theinternal issues the company is facing now.Pros of Xero:-Unlimited usersAdvanced accounting featuresHighly accounting focusedAffordable and reasonable costMore than 700 integrationsCons of XeroLacking in customer service supportLimited amount of mobile appsQuite a steep learning curveNetSuiteIt is an ERP software that also comes with a full business managementsolution that encompasses areas of analytics, accounting, businessplanning, sales management, inventory, and human resource. It is canbe classified as an all-in-one package. In terms of offerings, NetSuiteERP has way more to offer than any of its top competitors such as Xeroand QuickBooks online. It boasts a wide variety of features and hasover 350+ integrations available. Security is also a strong advantage ofNetSuite and NetSuite has modules that would pair well with anybusiness needs. NetSuite is highly ideal for enterprises that have grownout of old or traditional accounting software and would perfectly fitHouzit’s current position.Pros of NetSuiteExcellent accounting featuresSuitable for large enterprisesStrong user permissions
Fits well with international businessOver 350+ integrationsCons of NetSuiteExpensiveNeed to pay extra for supportVery steep learning curveBased on the two software listed above, I believe that NetSuite wouldbe the perfect fit for Houzit due to the accounting features and how thebusiness model was created to fit like a mold into any business needs.Although the price of NetSuite is relatively high. I believe that it wouldbe a good investment to make for Houzit mainly because the companyis having a lot of issues surrounding it’s finance and accountingdepartment, hence, it would be reasonable to invest a bit on fixing theseissues which would greatly benefit the organization in the long run.Although the learning curve is steep as well, there would only be ahandful of staff (i.e.10) that will be responsible in managing the systemand they are known to be quick efficient learners in the organization.

Upload your study docs or become a

Course Hero member to access this document

Upload your study docs or become a

Course Hero member to access this document

End of preview. Want to read all 18 pages?

Upload your study docs or become a

Course Hero member to access this document

Term
One
Professor
professor_unknown

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture