Experiencing Growing Pains with Xero?
Xero is an invaluable finance management tool for many small, growing businesses, offering intuitive accounting features, a user-friendly interface, and integration with a variety of third-party apps.
However, as your business scales, it’s inevitable that you will encounter limitations that Xero’s capabilities just can’t address. Continuous scrutiny of the tools you use is crucial to avoid stagnation. Whether you need detailed financial reports or are looking to expand to new locations, NetSuite is the natural progression for Xero users to continue growing their businesses.
Recognising the Signs: When It’s Time to Move on from Xero
Managing Multi-Company Finances
While Xero excels at single-entity accounting, handling finances across multiple entities becomes extremely complex, requiring numerous add-ons and integrations, which still results in a lack of visibility when it comes to reporting and analysis of all business finance, as the data more often than not lives in Microsoft Excel, rather than your core system.
Localisation and subsidiary expansion
Expanding your business with new locations or subsidiaries brings challenges that Xero can’t easily handle. Managing multiple languages, currencies, and varying country-specific regulations demands a more sophisticated solution. Xero’s limitations often require extra tools and manual work, leading to inefficiencies, reduced insights, and compliance risks.
Complex Inventory Management
If your business is looking to improve or increase inventory management, Xero’s partial solutions and add-ons can again lead to inefficiencies. Xero offers basic inventory capabilities, but managing large inventories or complex supply chains requires more robust functionality. Xero does not provide integrated stock or item management. This results in disjointed processes, errors, and increased operational costs in the long run.
Advanced Billing and Transactions
As transaction volumes grow, Xero’s limitations in billing and transaction handling become evident. High-volume businesses need advanced automation for billing, recurring payments, and efficient transaction management. Xero’s basic features can cause bottlenecks, hindering real-time financial visibility.
Strategic Growth and Customisation
Long-term strategic planning and the need for customisable solutions expose Xero’s limitations beyond basic accounting. As your business grows, you need systems that adapt to your unique processes and strategic goals, providing full visibility into your finances. Xero’s limited customisation and reliance on add-ons can hinder growth and slow your progress.
Xero to NetSuite: MacroFin Customer Feedback
NetSuite: The Natural Progression from Xero
If you are at or approaching the stage that Xero can no longer serve the needs of your business finance, you have to consider what systems can.
NetSuite is the world’s leading ERP Cloud based finance system for scaling businesses. Offering a comprehensive, single source of truth for your business finance.
Your Single Source of Truth
NetSuite unifies all your business data in one system, eliminating departmental silos. This streamlined approach ensures consistent, accurate reporting, giving you a holistic view of your business and enabling more strategic decision-making for growth.
Scalability
NetSuite scales with your business as it grows. Supporting multi-currency transactions and multi-country consolidations, it ensures compliance with local tax regulations and financial standards, allowing seamless expansion.
Customisation and Flexibility
NetSuite offers unparalleled customization to fit the specific needs of your industry and business. You can modify fields, dashboards, and workflows to align with your operational requirements. This flexibility helps improve efficiency, ensure compliance, and support strategic initiatives tailored to your company’s goals.
Real-Time Insights
NetSuite’s advanced analytics and real-time, proactive dashboards provide critical insights into your business’s performance. With customizable dashboards, you can monitor KPIs and other essential metrics in real-time, making it easier to track progress, identify trends, and respond to issues promptly.
Enhanced Process Automation
NetSuite automates complex business processes to reduce manual work and increase accuracy. Its automation capabilities cover a wide range of functions, from billing and transaction processing to inventory management. Automating these processes minimizes errors, speeds up operations, and ensures timely financial reporting.
Customers who have upgraded from Xero to NetSuite with MacroFin
Ready to Take the Next Step?
If you’ve reached the point where Xero no longer meets the demands of your business and is beginning to hinder growth, it’s time to consider a solution that can scale with you.
MacroFin are Europe’s leading NetSuite implementation partner. With over 350 successful NetSuite projects delivered and 60+ years combined experience, our finance focused approach to NetSuite positions us perfectly to help your business continue to grow and report on your businesses finance rather than simply bookkeeping.
