As your business grows, your accounting demands and requirements become more complicated than ever. What worked for you back then prior to your expansion no longer cuts it. Freemiums and entry level software solutions are just not adequate to address and catch up with your developing needs. You know very well that to perform accounting processes at the higher level, you need a platform that can definitely deliver the goods when the going gets tough, and the tough gets going, or so the adage goes.
The good news is that there is a vast selection of business accounting systems out there. That said, they do come with a price tag. Others have modules and add-ons that you can purchase and integrate at a later time when you feel the need to build and add more functionality. Which business accounting software is the best for your enterprise? It’s hard to pinpoint a definite answer, as all of the do carry general or standard accounting tools. To know which software will work best for your business, you need to determine the specific aspects of your enterprise. That would range from industry, number of users, security, levels of customizations, etc.
Listed below are five of the best accounting software solutions built for large businesses. Check them out.
Do you have a B2B product you’d like to add to our listing?
If you are a vendor and have an interesting B2B product that hasn’t yet been listed on our review platform feel free to let us know about it. You can add your product to the listing here. Our experts will be happy to prepare a detailed review of your product free of charge. Here’s an example of an accounting software review by us.
1. NetSuite ERP
Starting from $129 per user per month, NetSuite ERP may be intended for enterprise resource planning purposes but boasts of flexibility that allows it to be an ideal financial management solution for medium to large enterprises. More sophisticated than most entry level accounting and financial management software, NetSuite ERP comes with the following features that will definitely bolster your accounting operations:
General Ledger
Accounts Receivable
Accounts Payable
Inventory
Fixed Assets
At the core, NetSuite ERP is a customer relationship platform but it is so flexible that it has sales force and marketing automation capabilities. On top of that, this particular software also offers customer support and order management functionalities. Netsuite ERP also boasts of rich dashboards that show overview and business insights as well as key performance indicators (KPIs), enabling managers to get a great amount of information with just a quick glance while dealing with mundane details like meeting reminders, calls, and deadlines among others.
NetSuite ERP also allow users to generate invoices, settle bills, and submit purchase orders. Other features include bookkeeping operations, multi-currency, and compliance to international accounting standards.
NetSuite ERP SmartScore and Customer Satisfaction
Our B2B experts reviewed NetSuite ERP features, user experience, customer support and other key elements of the service. Final results as summarized by the SmartScore system gave NetSuite ERP a score of 9.2/10 while the results provided by the Customer Satisfaction Algorithm place the overall user satisfaction rating at 98%.
2. MS Dynamics GP
With a price tag of $599, MS Dynamics GP is certainly not cheap. But it does not disappoint either, as far as accounting-related performance goes. Microsoft is usually associated with office applications and tools but its venture to accounting and finance management traces back to more than two decades ago. Microsoft has developed accounting applications, including the Microsoft Profit and Microsoft Office Accounting, as well as the personal finance program (Microsoft Money) and personal tax preparation software (TaxSaver).
All were discontinued and in its place is MS Dynamics GP. The system is actually a rebranded product called Great Plain, which Microsoft bought years ago. MS Dynamics GP is a highly sophisticated accounting solution that is equipped with multiple dashboards, configurable screens that offer instant access to critical and time-sensitive information. The dashboard also features sections where you can access reminders, product information and learning resources, quick links, and reports.
The Business Analyzer feature offers options for content display, such as Cash Position KPI (Key Performance Indicator) Detail, Contract Revenue YTD, Inventory Turnover KPI and Top Backordered Items.
With a very thorough attention to detail, MS Dynamics GP is considered by experts as a top accounting solution for mid range and large companies with demands that go beyond accounting. However, the platform is very complicated that users are often required to exert more time and effort on training and support to become fully capable and adepth with the system.
MS Dynamics GP SmartScore and Customer Satisfaction
Our B2B experts reviewed MS Dynamics GP Accounting software features, user experience, customer support and other key elements of the service. Final results as summarized by the SmartScore system gave MS Dynamics GP a score of 8.1/10 while the results provided by the Customer Satisfaction Algorithm place the overall user satisfaction rating at 100%.
3. Sage 50
Developed as an entry level accounting software for small businesses and budding start ups, Sage 50 can be scaled to address the needs and demands of complex business accounting. With Sage 50, you get basic accounting functionalities like accounts payables, accounts receivables, bill payments, and cash flow management tools. Sage 50 can be tweaked to suit industry-specific requirements. As you go along, you can build on your existing Sage 50 setup with modules and add-ons.
For those who want an option that is intended for corporate accounting, Sage 50 Quantum Accounting is an excellent choice. Powerful and flexible, Sage 50 Quantum Accounting parades large data capacity and offers company consolidation. Other features include the Sage Advisor, workflow automation, inventory tracking, and very advanced reporting capabilities.
The price? A whopping $2,999.
Sage 50 SmartScore and Customer Satisfaction
Our B2B experts conducted a review of Sage 50 functionalities, user experience, customer support and other key elements of the service. Final results as summarized by the SmartScore system gave Sage 50 a score of 7.8/10 while the results provided by the Customer Satisfaction Algorithm place the overall user satisfaction rating at 97%.
4. QuickBooks Enterprise
Long recognized as a market leader when it comes to accounting and financial management platforms, QuickBooks Enterprise comes with a storied history and a very admirable reputation in the business scene. Providing users with a simple setup that is adaptable even to non-accountants, QuickBooks Enterprise comes with a throng of smart tools that are able to keep all your accounting functions manageable and your goals attainable.
Quickbooks Enterprise can cover several accounting areas, including . pricing flexibility, inventory management and reporting. As far as tracking goes, QuickBooks Enterprise can monitor tens of thousands if items, people, accounts, etc. 30 people can access the system simultaneously.
There are some things lacking from the otherwise every impressive package. At $1,000 per user, you would expect it to have more automation capabilities and some degree of scalability.
QuickBooks Enterprise SmartScore and Customer Satisfaction
Our B2B experts performed a detailed review of Quickbooks Enterprise features, user experience, customer support and other key elements of the service. Final results as summarized by the SmartScore system gave Quickbooks Enterprise a score of 9.5/10 while the results provided by the Customer Satisfaction Algorithm place the overall user satisfaction rating at 98%.
5. FinancialForce Accounting
Described by many users as flexible and powerful, FinancialForce Accounting is indeed a top accounting system that is cloud-based and capable to cater to general accounting functions at the top level. The solution is easy to get acquainted with and implement, cutting down the learning curve and streamlining workflows and other processes.
Among the goodies FinancialForce Accounting delivers are:
Multi-dimensional chart of accounts
Multi-currency capabilities
Inter-company journal
Automated journal revisions
Real time visibility of accounts
Role-based dashboards
Streamlined accounts payables and receivables
Cash management tools
Order and billing integrations
optimized billing
FinancialForce Accounting also integrates with Salesforce CRM, thus optimizing a company’s customer relationship processes and centralizing information for greater consistency and efficiency.
FinancialForce Accounting SmartScore and Customer Satisfaction
A full review of FinancialForce Accounting features, user experience, customer support and other key elements of the service was conducted by our B2B experts. Final results as summarized by the SmartScore system gave FinancialForce Accounting a score of 9.1/10 while the results provided by the Customer Satisfaction Algorithm place the overall user satisfaction rating at 98%.
The post 5 Accounting Software Solutions Built For The Big Players appeared first on Financesonline.com.