Struggling with mountains of paperwork and messy financial records?
Many businesses face this exact problem, leading to wasted time, costly errors, and a fuzzy view of their money.
If you’re tired of manual data entry and want smoother accounting, you’re not alone.
We’ll break down Hubdoc vs NetSuite to help you decide which is best for your accounting needs.
Overview
We’ve thoroughly examined both Hubdoc and NetSuite.
Diving deep into their features and testing them in real-world scenarios.
This hands-on approach has allowed us to understand their strengths and weaknesses, leading to this detailed comparison.
Boost productivity by up to 78%! See how NetSuite’s automation tools can transform your workday.
Pricing: It has a free trial. Custom pricing plans are Available.
Key Features:
- Financial Management
- Inventory Management
- Order Management
Save time with Hubdoc! Users typically save 4 hours a week on data entry. Explore Hubdoc!
Pricing: It has a free trial. The premium plan starts at $12/month.
Key Features:
- Document Automation
- Expense Management
- Bill Pay
What is NetSuite?
NetSuite is a big software system.
Think of it as a single control center for your whole business.
It handles things like your money, customer information, and even your products.
Also, explore our favorite NetSuite alternatives…
Boost productivity by up to 78%! See how NetSuite’s automation tools can transform your workday.
Key Benefits
- Integrates ERP, CRM, and accounting in one system.
- Offers real-time visibility across all business operations.
- Supports businesses in over 200 countries and territories.
- Provides over 30,000 customers with its robust platform.
Pricing
They offer custom pricing plans based on your requirements. Please contact them to get your perfect plan.
Pros
Cons
What is Hubdoc?
Hubdoc is a smart tool for documents.
It helps you get bills and receipts into your accounting software.
Think of it as a digital collector. It pulls documents automatically from over 700 financial institutions.
Also, explore our favorite Hubdoc alternatives…
Join the over 10,000 businesses already streamlining their finances with Hubdoc. Discover how Hubdoc can help you today!
Key Benefits
Hubdoc shines when it comes to getting your documents in order. Here are some of its best features:
- It can automatically fetch documents from over 800 different banks, suppliers, and online services.
- You can easily upload documents by taking a picture with your phone or sending an email.
- It helps you say goodbye to manual data entry by pulling key information from your documents.
- Hubdoc works smoothly with popular accounting software like Xero and QuickBooks Online.
- It keeps all your important financial documents securely stored in the cloud.
Pricing
- Annually Subscription: $24
Pros
Cons
Feature Comparison
Let’s compare Hubdoc’s and NetSuite’s features directly.
We’ve gathered insights from a mix of verified reviews to offer objective details, helping you make informed purchase decisions.
1. Core Purpose
- Hubdoc: Hubdoc focuses on automating document management and data extraction. It’s designed to be your digital assistant for collecting financial documents like receipts and bills.
- NetSuite: NetSuite is a full Enterprise Resource Planning (ERP) system. It manages many business areas, including accounting, CRM, and inventory, offering a complete accounting platform.
2. Document Capture & Data Extraction
- Hubdoc: This is where Hubdoc focuses its strength. It excels at document capture from various sources. You can snap photos, email documents, or upload files. It then uses smart technology to read key information from your invoice and receipts, like supplier names and amounts.
- NetSuite: While NetSuite can handle financial documents, its primary focus isn’t on automated document capture like Hubdoc. Document management is part of its larger suite, but it doesn’t specialize in the same level of automated data extraction from diverse sources.
3. Expense Management
- Hubdoc: Hubdoc helps streamline expense management by automating receipt collection. It prepares the data to be sent to your main accounting software and integrates well with tools like Expensify for more detailed expense reporting.
- NetSuite: NetSuite offers robust expense management as part of its financial modules. It allows for detailed tracking, reporting, and approval workflows for expenses within its comprehensive system.
4. Integration with Accounting Software
- Hubdoc: Hubdoc is known for its seamless integration with popular accounting software like Xero and QuickBooks. It acts as a bridge, pushing extracted data directly into these systems for easier bookkeeping.
- NetSuite: NetSuite is an all-in-one platform, so it has many built-in modules that work together. While it can integrate with other systems, its strength lies in its native, comprehensive suite.
5. Reconciliation
- Hubdoc: Hubdoc helps with reconciliation by providing accurate, digitized source documents. This makes it easier to match transactions in your accounting software.
- NetSuite: NetSuite offers advanced reconciliation features within its financial management module. It can automate many reconciliation tasks across bank accounts and other financial data.
6. Workflow Automation
- Hubdoc: Hubdoc automates the initial steps of your workflow, like fetching documents and extracting data. It reduces manual entry, making your accounting process smoother.
- NetSuite: NetSuite provides extensive workflow automation across various business processes. This includes automating tasks in finance, sales, procurement, and more, streamlining operations throughout the entire organization.
7. Reporting & Analytics
- Hubdoc: Hubdoc’s reporting focuses on document organization. It helps you find and access financial documents easily, which is great for audits. You can also export data to Excel for further analysis.
- NetSuite: NetSuite offers powerful and customizable reporting and analytics. It provides real-time insights into all aspects of your business, from financial performance to inventory levels, helping you make data-driven decisions.
What to Look for When Choosing Accounting Software?
- Your Business Size: Is it for a small shop or a large company?
- Budget: How much can you realistically spend each month or year?
- Needed Features: Do you just need document management or a full ERP?
- Ease of Use: How quickly can your team learn the system?
- Integration Needs: Does it connect with your existing tools, like QuickBooks or Expensify?
- Scalability: Can it grow with your business over time?
- Support: What kind of help is available if you run into problems?
- Data Security: How safe will your financial documents be?
Final Verdict
So, which wins in the vs Hubdoc fight?
For small businesses mainly dealing with paper, Hubdoc is our pick.
It’s great for document capture and often free for users with Xero.
But for larger businesses that need a full system for managing everything from money to stock, NetSuite is the clear winner.
Our advice comes from many reliable sources where reviews are authentic.
Pick what fits your business best!
More of NetSuite
Here’s how NetSuite compares to other solutions, highlighting their core strengths:
- NetSuite vs Puzzle IO: Puzzle IO provides AI-powered accounting automation with smart categorization and real-time dashboards for financials.
- NetSuite vs Dext: Dext focuses on automated receipt and invoice data extraction, streamlining expense capture.
- NetSuite vs Xero: Xero is robust cloud accounting software for small to medium businesses; NetSuite is a full ERP.
- NetSuite vs Synder: Synder specializes in automating sales and payment data synchronization for e-commerce accounting.
- NetSuite vs Easy Month End: Easy Month End streamlines month-end close processes and automates balance sheet reconciliations for finance teams.
- NetSuite vs Docyt: Docyt offers AI-driven bookkeeping, automating workflows like bill pay, expense management, and revenue reconciliation.
- NetSuite vs RefreshMe: RefreshMe is personal finance software for budgeting, expense categorization, and financial goal tracking.
- NetSuite vs Sage: Sage offers various accounting and ERP solutions, known for financial management and industry-specific tools.
- NetSuite vs Zoho Books: Zoho Books provides comprehensive cloud accounting with invoicing, expense tracking, and inventory management for small businesses.
- NetSuite vs Wave: Wave offers free accounting, invoicing, and receipt scanning, best for very small businesses.
- NetSuite vs Quicken: Quicken is personal finance software focused on budgeting, investing, and debt management, not business ERP.
- NetSuite vs Expensify: Expensify is solely for expense reporting, mileage tracking, and corporate card reconciliation.
- NetSuite vs QuickBooks: QuickBooks offers accounting software for small to mid-sized businesses; NetSuite is a more scalable ERP.
- NetSuite vs AutoEntry: AutoEntry specializes in accurate data extraction from various financial documents and statements.
- NetSuite vs FreshBooks: FreshBooks focuses on invoicing and time tracking, popular for freelancers and service-based businesses.
More of Hubdoc
Here’s how Hubdoc stacks up against other popular accounting and document management tools, highlighting their standout features:
- Hubdoc vs Puzzle IO: Puzzle IO offers comprehensive AI-powered accounting automation and financial statements.
- Hubdoc vs Dext: Dext excels in highly accurate data extraction and offers advanced customization for expenses.
- Hubdoc vs Xero: Xero is a full accounting software; Hubdoc integrates seamlessly for document automation.
- Hubdoc vs Synder: Synder automates sales and payment reconciliation, good for e-commerce businesses.
- Hubdoc vs Easy Month End: Easy Month End focuses on streamlined financial reporting and month-end close processes.
- Hubdoc vs Docyt: Docyt provides broader AI-driven bookkeeping automation, including comprehensive financial reporting.
- Hubdoc vs RefreshMe: RefreshMe is a personal financial management tool, focusing on budgeting and investment tracking.
- Hubdoc vs Sage: Sage offers comprehensive accounting with strong features for invoicing and cash flow management.
- Hubdoc vs Zoho Books: Zoho Books is a full accounting solution with invoicing, expense tracking, and inventory.
- Hubdoc vs Wave: Wave provides free accounting software, ideal for invoicing and basic expense tracking.
- Hubdoc vs Quicken: Quicken is personal finance software for budgeting, spending, and investment tracking.
- Hubdoc vs Expensify: Expensify specializes in detailed expense reporting and corporate card reconciliation.
- Hubdoc vs QuickBooks: QuickBooks is a comprehensive accounting platform with strong invoicing and payroll features.
- Hubdoc vs AutoEntry: AutoEntry focuses on highly accurate data extraction from invoices and bank statements.
- Hubdoc vs FreshBooks: FreshBooks excels in invoicing and time tracking, popular with freelancers and service businesses.
Frequently Asked Questions
Is Hubdoc a full accounting software?
No, Hubdoc is not full accounting software. It specializes in automated document collection and data extraction, feeding information into other accounting platforms like Xero or QuickBooks.
Can NetSuite replace all my business software?
NetSuite aims to be an all-in-one ERP system. It can replace many individual software tools for accounting, CRM, and inventory by bringing them under one comprehensive platform.
Is Hubdoc free to use?
Hubdoc is often included for free with a Xero subscription. Otherwise, it is a paid service, but its cost is generally lower than comprehensive ERP systems.
What’s the main difference between Hubdoc and NetSuite?
The main difference is scope. Hubdoc focuses on document automation for accounting, while NetSuite is a vast enterprise resource planning (ERP) system covering all major business functions.
Which is better for a small business?
For a small business primarily focused on streamlining document collection and basic bookkeeping, Hubdoc is generally a more suitable and cost-effective choice.
