Accounting Software Vendors Revealed 2010 Edition
Accounting Software Vendors Revealed 2010 Edition
Accounting Software Vendors Revealed 2010 Edition
2010 Edition
Advanced Features
Not all accounting software solutions offer the same level of functionality. Some provide
support for advanced financial transactions, such as employee expense management,
budget management at the departmental level, payroll and time sheet management,
and purchase requisition management. If your company requires features such
as these, be sure to work closely with your vendor to ensure that the appropriate
capabilities are in place.
Review these vendors, and you’ll be well on the way to finding the right accounting
software package for your business.
Highlights
* The #1 web-based accounting system with over 6,600 customers
* Single integrated suite for CRM, ERP and Web commerce
* Hosted, on-demand software - no hardware to procure, no large, up-front
license fee, and no complex set-ups
* Web-based - all data is always up-to-date and available from anywhere
* Award winner - eWeek, CRM Magazine, InfoWorld, PC Magazine, and The
CPA Technology Advisor
Customer Focus:
NetSuite has thousands of customers globally, spanning a wide range of industries,
company sizes, and business needs.
Select Customers:
Oakland Athletics, NC State University College of Management, Filice Insurance
Novak Conversions, Inc., China Manufacturing Network, CaseCentral
Price:
NetSuite is $499 /month base fee and $99 /user /month (includes maintenance, support
is extra)
NetSuite’s mission is to enable its customers to make better, faster decisions in a highly
competitive marketplace. This primary focus drives the features and benefits of their
product line, which combine complete CRM, ERP, and Web capabilities in a single all-
inclusive application. NetSuite is designed to allow companies to unite departments
and automate processes, beginning with sales leads and ending with customer
invoices. From there, companies can leverage NetSuite to unite departments, automate
processes, and gain enhanced insight into their business.
What this means is your entire business can run in real time. Employees can move faster
and smarter. Customers are served better. Orders can be filled and tracked more quickly
and easily, with inventory levels updated in real time. And with full visibility into inventory
by sales reps for order promising and by planners for purchasing, companies can lower
inventory levels, analyze inventory costs and collaborate with vendors more effectively.
Most important, NetSuite Accounting / ERP is seamlessly integrated with CRM and
Financials/Accounting ERP
General Ledger Time and Billing
Accounts Receivable, Accounts Payable Purchasing
Advanced Financials Inventory Management
Revenue Recognition Drop Shipment/Special Order
Budgeting Integrated FedEx Shipping Functionality
Multi-currency Integrated UPS OnLine Shipping Tools
Order Management and Fulfillment Standard, Customizable Reports
NetSuite Key Strengths
* NetSuite, the company’s flagship on-demand Accounting/ERP software application,
is also the first and only toolset available to support all the back-office operations of
small to mid-sized businesses—in a single hosted system.
* NetSuite’s web-based accounting and financial applications provide real-time business
intelligence on every department within your company, automate business processes
across your entire business, and eliminate the majority of IT costs and complexity.
* NetSuite Accounting/ERP is seamlessly integrated with CRM and ecommerce for end-
to-end business process management across your business. And because NetSuite is
an open system, you can also integrate with third-party, industry-specific, and legacy
software.
With thousands of customers globally, NetSuite has positioned itself as a premier global
player in the enterprise software application space. In 2006, UK-based Computer
Business Review Magazine ranked NetSuite one of the “10 Most Influential Enterprise
Applications.”
Highlights
* Fast-growing, cloud financials (SaaS) financial management and accounting
applications company
* CPA Technology Advisor- “Five-star Review”
* JMP Securities- “Top 100 Software Companies”
* Inc. Magazine- “Best for Replacing QuickBooks”
* SIIA CODiE Awards- “Best Financial Software Solution”
* Accounting Today- “Top 100 Products”
Customer Focus:
Primarily small and midsize businesses including QuickBooks users, Salesforce CRM
users, AICPA members, software and SaaS companies, consulting and wholesale
companies, services industry, hospitality, nonprofits and franchises.
Select Customers:
OpSource, nGenera, Acceller, Bulk TV & Internet, PHM Services Inc., Voltage Security,
Aicent, Cardinal SW, Houston, LP, Crimson Worldwide, Platinum Hospitality, Navis
Logistics Network, Regent Entertainment, DHI, SchoolDude.com, TeleManagement
Forum, Fast Eddie’s Sports Grill, 3balls.com, Odyssey Thera
PRICING:
Intacct is offered on a monthly subscription basis, pricing starts as low as $4800 per
year.
Intacct Technology
Delivered over the Internet via Software as a Service, Intacct can be accessed via any
current web browser and is both PC and Mac compatible.
Intacct Product
Core Applications Include:
Intacct Financials and Accounting
* Intacct General Ledger
* Intacct Accounts Receivable
* Intacct Accounts Payable
* Intacct Cash Management
* Intacct Expense Management
Intacct Purchasing
Intacct Order Management
Intacct Insight
Highlights
Customer Focus:
Epicor’s Enterprise is designed for small businesses through mid-market organizations
and corporations in industry sectors that include: manufacturing, distribution, financial
services, retail, hospitality and services.
Select Customers:
Medex Global Group, Visioneer, InVision Technologies, Physician Sales and Service,
TruServ, Viewpoint Construction Software, Boeing Autometric, Lason.
Price:
Range: $20,000 - $500,000
Founded in 1984, Epicor serves over 20,000 customers in more than 140 countries,
providing solutions in over 30 languages. Employing innovative service-oriented
architecture (SOA) and Web services technology, Epicor delivers end-to-end, industry-
specific solutions for manufacturing, distribution, retail, hospitality and services that
enable companies to drive increased efficiency, improve performance and build
competitive advantage. The company’s solutions provide the scalability and flexibility
to meet today’s business challenges, while empowering enterprises for even greater
success tomorrow.
Epicor’s success began with accounting applications. The Epicor Financials Suite was
the first accounting software product to receive the coveted Designed for Microsoft®
BackOffice™ Logo. Readers of Windows and .NET Magazine voted Epicor “Best
Financial Application,” showing that strong core accounting functionality is as important
as ever. Now leveraging Microsoft’s .NET Enterprise Servers, Epicor Financials Suites
provide enhanced flexibility, low cost of ownership and rapid implementation, with the
scalability to grow with your requirements.
Currently, more than 2,000 customers worldwide use Epicor Financials. Features include:
* Feature rich ledgers with over a decade of development and enhancements to ensure
your needs are always covered.
* Robust user security maintains control and access to the right people, delivering a
core financial solution you can trust.
* Build the chart of accounts that matches your organizational structure.
* Sophisticated payment processing support for electronic funds transfer.
* Integration to your bank’s electronic statements enables automatic bank account
reconciliation.
* Through the provision of advanced allocation calculations and entries, customers can
expect to close their books more quickly, efficiently and cost effectively.
* Incomparable drill-around transactional and analytic inquiry capabilities with Epicor
Explorer.
Epicor spans the globe, with more than 2,100 dedicated professionals in offices across
the Americas, Europe, Middle East, Africa and Asia Pacific regions. Working in a unified
global services/support infrastructure operating 24x7, the company’s people serve more
than 20,000 customers in 140-plus countries, in more than 30 languages. Epicor support
centers in all of its major operating regions, along with software development centers in
the United States, Mexico and Russia, help ensure that its customers receive only the
highest quality product and service.
Highlights
Customer Focus:
QuickBooks for small businesses, QuickBooks Enterprise for fast-growing small
businesses and mid-size companies. QuickBooks Enterprise is available in contractor,
manufacturing and wholesale, nonprofit, professional services, and retail editions.
Select Customers:
Don Shula’s Steak Houses, South Bay Boat Yard, North American Electric Motors,
Pollution Control Financing Authority, Bubbles Car Wash, Lil’ Guys Foods
Price:
Enterprise Solutions starts at just $3,000 for a 5-user license and a one year
membership to the Full Service Plan, which includes training, a support engineer
dedicated to your company, 24x7 product support, automatic upgrades, reporting
services and more.
While the company is know respected for QuickBooks accounting software that makes
accounting and business management tasks fast and easy for small businesses. They
are doing the same for larger, growing businesses with QuickBooks Enterprise Solutions
- the most powerful QuickBooks product ever.
Enterprise Solutions has the power and flexibility to meet the unique needs of your
business as it grows, for thousands less than other more complicated accounting
software systems.
Financial Modules
Performance and Capacity Sales and Customers
Accounting and Finance Purchasing and Vendors
Accounts Payable Payroll and Employees
Accounts Receivable Controls and Permissions
Reports and Analytics
Inventory
Intuit’s breakthrough products reach 22 million customers with nearly 5,000 employees
in 13 states and four countries. Intuit has been named America’s most-admired software
company for two consecutive years, topping Autodesk, Adobe Systems, and Microsoft.
Highlights
Select Customers:
Illinois Tool Works Inc (ITW) Canada, Bennett Tool & Die Co., Daniels Electronics, EMC
Document Systems, Dupar Controls Inc., World Precision Instruments, TriStar Plastics
Corp, Cedarlane Laboratories, Crosby Molasses, Titanium Sports Technologies, Chocolate
Potpourri, Sound Surgical Technologies, Mac Paper, Inc.
Ideally suited for the global marketplace with multi-national, multi-company and multi-
location facilities, SYSPRO gives its customers superior financial control, letting
businesses forecast with complete confidence. And beyond the factory gate, SYSPRO
offers sophisticated business analytics, CRM, APS and e-commerce functionality to help
control the supply chain more rigorously and dramatically enhance customer satisfaction.
SYSPRO Technology
SYSPRO’s SaaS software solution is designed to leverage the strengths of Microsoft®
solutions and other technologies to optimize the abilities of manufacturers (repetitive,
custom, quick-turn and mixed mode) and distributors.
Highlights
Customer Focus:
Small to mid-sized business and corporate enterprises, with special focus on service
providers in the insurance, banking, and financial sectors
Select Customers:
BRE Bank SA Group, RDT, Relevance Software, Raymond James Financial, H&R
Block, Raiffeisenbank Kleinwalsertal, SunGard, Addison Avenue Federal Credit Union
Price:
Price range: $50,000 - $250,000
Named for the third time to the “Top 100 Companies to Work for in America” list,
Microsoft Business Solutions employs more than 3,800 employees worldwide. The
company’s products and services automate essential business functions and enhance
the strategic value of financial and operational information. Microsoft Business Solutions
products are sold and implemented by a unique worldwide network of independent
partner organizations that share the company’s commitment to lasting customer
relationships.
The Microsoft Dynamics suite of products, built on familiar and widely used Microsoft
technologies, offers several solutions for financial management. Key financial and
accounting management products include:
* Microsoft Dynamics GP
* Microsoft Small Business Financials
* Microsoft Office Small Business Accounting 2007 (Professional and Standard--
available as an integrated application in the Dynamics GP solution suite)
* Microsoft FRx for financial reporting and analytics
As recently as September 2007, the Microsoft Dynamics CRM application was named a
leading solution in the Small Business Suite and Midmarket Suite categories as part of
CRM Magazine’s 2007 CRM Market Leader Awards. The awards come on the heels of
another stellar year for Microsoft Dynamics in terms of sales.
Highlights
* Backed by the strength of SAP, one of the largest software companies in the
world
* Single system for financial, customer relationship management,
manufacturing, and management control capabilities. Embedded CRM
* Highly customizable
Customer Focus:
Small to mid-sized businesses and corporations.
Select Customers:
Gary Player Group, Australian Sign Supplies, Inflight Logistic Services, Montana
Tractors, Emblemtek Solutions Group, MAS Elektronik, Kimberly-Clark, Pacific Cycle
Price:
Not published. Range: $11,250+
SAP America represents its German parent in the United States, providing world-renown
enterprise software and services for managing accounting, distribution, human resources,
and manufacturing functions. The company’s products include end-to-end applications for
business intelligence, enterprise resource planning, customer relationship management,
and supply chain management applications.
SAP America offers industry-specific solution sets for markets ranging from aerospace and
defense to wholesale distribution. Its services include consulting and support, as well as
custom development and application hosting.
The SAP Business One application offers a comprehensive and integrated set of tools to
effectively manage all financial processes in your organization. As the core functionality
of SAP Business One, financials management incorporates all key accounting processes,
such as journal entries, accounts receivable, and accounts payable. Real-time accounting
functions trigger accounting postings automatically when relevant business events occur.
The banking software in SAP Business One provides all the tools and functionality
necessary to manage all your payment processing, including checks, cash, credit cards,
and bank transfers. The reconciliation tool allows you to easily reconcile incoming and
outgoing payments with vendor and customer invoices.
SAP Business One offers powerful financial reporting tools such as balance sheets,
profit and loss statements, cash flow statements, and aging reports. The XL Reporter
tool in SAP Business One enables the seamless integration of financial reports into
Microsoft Excel templates.
SAP boasts a rich history of innovation and growth that has made the company a true
industry leader. Today, SAP employs more than 41,900 people in more than 50 countries.
Its professionals are dedicated to providing the highest level of customer service and
support. SAP has leveraged its extensive experience to deliver a comprehensive range
of solutions to empower every aspect of business operations.
By using SAP solutions, organizations of all sizes – including small businesses and
midsize companies – can reduce costs, improve performance, and gain the agility to
respond to changing business needs.
Highlights
* Agresso Business World provides all of the essential functions needed by
professional services and public sector organizations. Its focus on people-centric
organizations and its deep understanding of their inherent business challenges
and opportunities has led the company to achieve a top 5 position in the ERP
midmarket space.
* Coda Financials is an award-winning suite of best-of-class financial
management software designed to integrate with industry- and company-
specific applications. Coda provides real-time financial visibility and control
across people, processes and systems. By acting as the financial information
backbone for companies with fast-changing and mixed application environments,
it offers a “no compromise” approach to financial modeling, process controls and
application choice.
Ownership: Headquarters: Solutions:
Public (EURONEXT: Victoria, BC Canada * ERP: Agresso Business World
U4AGR) * Financial Management:
Dallas, TX USA
Manchester, NH, USA Coda Financials
Founded:
1980
Customer Focus:
Agresso Business World is a fully-integrated ERP solution to support all your key
business processes. It has been designed specifically for dynamic, people- centric
organizations in both the commercial and public sectors that experience frequent,
ongoing change.
With its “best-of-class” software approach, Coda Financials goes far beyond what can
be achieved with ordinary accounting systems. It allows business to adapt to constant
changes and mitigates the impact change has on reports, processes, controls and
systems.
Select Customers:
UNIT4 Business Software- Alvarez & Marsal, Destiny Resources Services Corp.,
Eidos Interactive
UNIT4 has offices worldwide, supporting thousands of customers and partners, across
all sectors, in all regions of the world. We have a broad portfolio of leading change-
embracing software brands, including the Agresso Business World ERP suite and
the Coda financial management suite. In North America, we also offer specialized
solutions for the Travel Industry and for the Higher Education sector, combining our
comprehensive integrated ERP modules with tools specific to the unique needs of these
sectors.
Almost all major ERP software solution vendors offer limitless flexibility PRIOR to
implementation. But once their systems are in place, customers are locked into the
system configuration that reflects their requirements at the moment of go live. Any
significant change to the configuration typically requires expensive IT or external
consultant resources.
UNIT4 Business Software’s VITA architecture was designed from the ground up with
just as much focus on getting data out of as getting data into a data warehouse. Our
development priorities were primarily concerned with how people would use the data. Of
course all ERP systems offer user-focused features but only VITA offers a fundamentally
user-focused architecture.
Every technical decision was made in the context of ultimate flexibility so users
could continually change the system and change it back again without disruption or
destabilizing their system.
UNIT4 Business Software used a generic data model rather than a specific data model
that would have been locked in and static. “Fail-safe” mechanisms were built-in to ensure
that all changes track back to the same data model. It is the best of both worlds for
rapidly changing organizations – functional agility and system integrity.
Link™ takes Coda Financials way beyond what you can achieve with ordinary accounting
systems. The architecture provides real-time visibility and control across all the people,
processes and systems related to the financial information in your organization. This
enables your financial software to take on a much more strategic role in managing
your business. It also helps you adapt to constant business changes and mitigates the
potential impact that change can have on your reports, processes, controls and systems.
The CODA Link architecture provides exceptional ways to capture, store, and maintain
financial data. In contrast to the typical “Code Block” approach found in most accounting
systems, Coda Financials provides a multidimensional financial model, which is far
superior to the typical chart of accounts structures found in the General Ledger modules
of ERP systems. For example, the CODA chart of accounts offers unparalleled flexibility
to measure profitability, accommodating different account coding schemes within the
same company.
Highlights
Customer Focus:
Complete set of solutions for small and medium sized businesses.
Select Customers:
Sage Accpac Clients: County of Essex, Ed Morse Automotive Group, Body ‘n Scents,
Sage BusinessWorks Clients: Cable X-Perts, Inc, Herschal Products, Inc. Island Soap Co.
Sage Business Vision Clients: Casa Loma, Heys International, Response First Aid Systems.
Sage MAS 90 / Sage MAS 200 Clients: Automotive Investment Group, Hauser Chocolatier.
Price:
From $2,000 to $100,000, Sage’s pricing range reflects the diversity of their product offerings.
Sage Software offers leading business management products and services that give
more than 2.3 million small and medium-sized customers in North America the insight for
success throughout the lives of their businesses. Its parent company, The Sage Group plc
(London SGE.L), supports 4.3 million customers worldwide across a broad spectrum of
industries ranging from small privately-owned businesses to large nonprofit organizations.
For more than 25 years, Sage Software has delivered easy-to-use, scalable and
customizable applications through its portfolio of leading brands, including Sage Abra,
Sage Accpac, ACT! by Sage, Sage CPA Practice Manager, Sage FAS, Sage MAS 90,
Sage MAS 200, Sage MAS 500, Sage MIP Fund Accounting and Sage Fund raising,
Peachtree by Sage, Sage SalesLogix, and Sage Timberline Office, among many others.
You choose the solutions that work best for you: the applications, database, and
deployment options, the user interface and languages, the network environment or
operating system, the add-on software developed by Sage Software or independent
experts, and the customized features that help you operate efficiently and profitably.
Sage MAS 90 and 200 systems offer a broad selection of feature-rich solutions including
core accounting, business intelligence tools, customer relationship management, e-
commerce, HR and payroll, manufacturing, and distribution.
Sage MAS 90 and 200 work the way you do with flexibility that enables you to choose
the modules that best suit your business needs. Sage MAS 90 is an industry-leading
accounting and business management software solution for small to medium-sized
companies. Recommended by more CPAs than any other application in its class, this
product suite offers a broad selection of feature-rich modules that empower managers
with the information they need to make profit and growth driven decisions.
At the heart of every MAS 90 and MAS 200 solution is a robust, yet easy-to-use
accounting system. From the General Ledger and Bank Reconciliation to Accounts
Payable and Accounts Receivable, MAS 90 and MAS 200 offer the features and
functions you need to streamline all bookkeeping and accounting processes.
Sage Software is a subsidiary of The Sage Group plc, a leading international supplier
of accounting and business management software solutions and related products and
services for small and midsized businesses.
Highlights
* Comprehensive end-to-end ERP, CRM, SCM, HRM, BI and PSA solutions for
small to medium companies worldwide
* Established in 1984, Exact has 25 years experience in providing business
software solutions to businesses around the globe
* Strong global presence with offices in 40 countries, serving local and
international companies in more than 125 countries, providing solutions in
more than 40 languages
Customer Focus:
Small to medium-size companies across a variety of industries, including: Construction,
Finance, Insurance, Real Estate, Manufacturing , Public Administration, Retail Trade,
Services, Transportation, Communications, Electric, Gas, Sanitary Services and
Wholesale Trade.
Select Customers:
Armour Valve, UFP Technologies, DHS Systems, EMTEQ, Davis Controls, Baker
Triangle, Dover Industries, Biosensors International, Saint Gobain, Teledyne
Continental Motors, Credit Union of Nova Scotia, M&M Pump and Supply
With this knowledge they provide software solutions that support every business activity
and give real-time insight into the entire business.
This gives customers the freedom to successfully address challenges and opportunities,
creating value for their customers and ultimately for themselves
Exact Globe is a real-time system that integrates your entire financial and administrative
infrastructure. All transactions – financial, logistics, HRM, sales management, projects
and production – are contained in a single central data source. Globe provides a
consistent and intuitive interface, with built in workflow capabilities and includes
features such as advanced warehouse management, EDI and an extensive Software
Developers’ Kit (SDK) to extend the application beyond traditional uses.
Highlights
* FinancialForce.com combines the power of the Force.com cloud with a
groundbreaking accounting system design
* Only enterprise accounting solution built natively on the Force.com
platform
* 30 year history in building award winning accounting applications
* Unique unified ledger design, always in balance and always up to date
Customer Focus:
Small to medium-size companies across a variety of industries, including: Technology,
Professional Services, Manufacturing, Non Profit, Business Services, Financial
Services, Media & Publishing.
Select Customers:
Wi-Fi Alliance, The Compliance Team, Cogent, White Springs
FinancialForce Accounting is the first cloud accounting solution built for Salesforce
CRM. It places relevant financial information in the hands of your customer-facing
employees and streamlines key processes such as invoicing, collections and
the month-end close. By combining sales and financial data in a single system,
FinancialForce Accounting enables new levels of efficiency and confidence for
accountants, controllers, and CFOs and transforms accounting from a siloed function
into a truly collaborative one across the organization.
FinancialForce.com Technology
FinancialForce Accounting is built on the industry-leading cloud platform: Force.com.
It leverages all the infrastructure and software systems used to build Salesforce CRM,
including its tools for customization, integration, reporting and collaboration.