
Quickbooks Online
Oracle JD Edwards EnterpriseOne is an enterprise resource planning software with primary features such as real estate management, human capital management, environmental health and safety and commodity trading. What is JD...Read more
Supporting specialized functionality for distribution, manufacturing, government, and other industries, Microsoft Dynamics NAV is a highly customizable system that benefits from numerous partner-developed vertical extensions....Read more
Microsoft Dynamics 365 provides integrated solutions that allow businesses to track leads, automate field service, drive sales and improve operations using mobile, enterprise-ready business apps from the cloud. What is Mi...Read more
The Slingshot Enterprise Business Suite is a web-based enterprise resource planning (ERP) software suite designed to serve mid-sized to large businesses. The system serves retail, distribution, manufacturing, financial services, p...Read more
Sage Intacct is a provider of cloud-based financial management and accounting software. Sage Intacct's software solution is suitable for small to midsize accounting firms and can provide financial reporting and operational insight...Read more
Unit4 Financials (formerly Coda Financials) is a cloud-based accounting and financial management solution for public sectors, real estate, education, professional service, financial services and wholesale providers. It includes ge...Read more
Workday Adaptive Planning, founded in 2003, provides a web-based system for budgeting, forecasting and reporting. The solution is suitable for a wide variety of company sizes. Delivered over the Web in a software-as-a-service (Saa...Read more
Abila Fund Accounting 100 (formerly Sage MIP) is designed to meet the financial management needs of nonprofit organizations and associations. This is one of the most widely-used fund accounting solutions on the market. ...Read more
Flexi is an on-premise as well as a cloud-based accounting solution for the banking, insurance, healthcare and service industries. The Flexi accounting solution features automation of accounting process and completion of audit tra...Read more
AccuFund is 100% focused on serving nonprofits and government entities. The complete fund accounting financial management solution, available online or onsite, consists of a strong core system and modules that allow you to expand ...Read more
Centage’s Planning Maestro is a cloud-native planning & analytics platform that delivers year-round financial insight, transforming how companies budget, forecast and report performance. Centage delivers a level of sophistica...Read more
Royal 4 Enterprise is an integrated enterprise resource planning (ERP) solution with built-in modules for distribution, manufacturing, planning, inventory management, reporting and company financials. It serves midsize to large en...Read more
Blackbaud’s cloud fund accounting software Blackbaud Financial Edge NXT®️ provides transparency across teams, security, and compliance, and reduces the need for manual processes. The fund accounting software provides a general led...Read more
Multiview Financials is the flagship ERP system developed, sold, implemented, and supported by Multiview Financial Software. Multiview is designed for organizations ranging in size from rapidly growing small businesses to large en...Read more
A3 Enterprise Excel is a cloud-based and on-premise accounting solution that offers enterprise-class budgeting, forecasting, financial reporting and dashboards. The dashboard feature helps in navigating and monitoring trends and...Read more
CCH Tagetik is a unified BI and accounting software that helps to optimize financial and operational planning. The solution also shortens the consolidation and closing process and allows users to analyze results, model, as well as...Read more
eDepreciation by Bassets is an on-premise fixed asset depreciation solution designed for midsize and large businesses. It caters to multiple market segments, such as banking and mortgage, distribution, health care, insurance, phar...Read more
Fixed Assets Manager by Red Moon Solutions is an asset management solution designed to support the businesses' internal tax practices. Fixed Assets Manager offers organizations in various industries, functionalities to track their...Read more
Enterprise accounting software differs from normal accounting software in terms of the extended capabilities (that are in addition to the core accounting functions) the former provides to manage larger business requirements. These requirements can include inventory management, project management, customer relationship management, and support for multiple currencies, regulations, and tax systems.
These capabilities make the software specifically useful for enterprises that typically deal with multiple regulations and markets across subsidiaries and countries. However, small or midsize businesses that want an integrated view of their operations while managing financial aspects can also benefit from this type of tool.
We’ve prepared this buyers guide to help you understand enterprise accounting software and its key features.
Here’s what we’ll cover:
Enterprise accounting software is a tool that goes beyond core accounting functionalities to support other business requirements such as inventory management, customer relationship management, and procurement.
These additional capabilities are supported by modules that are either part of the tool or available as add-ons.
The range of enterprise accounting software features varies with vendors. However, some common features remain largely consistent across solutions.
Accounting and financial consolidation | Manage core accounting functions such as journal entries, accounts receivables, and profit and loss statements in multiple currencies. Prepare consolidated or subsidiary-specific financial statements in the applicable currencies. |
Taxation and regulatory compliance | Manage taxes and comply with regulations across the different legislations/jurisdiction applicable to operations. |
Reporting and analytics | Generate consolidated as well as subsidiary-specific operational reports by collating data from multiple sources. Run analytics on available data to identify trends or predict business scenarios. |
Integrated modules | Leverage industry- or process-specific modules, such as customer relationship management, purchasing, and marketing, to handle non-accounting functions. |
Payments | Manage payments across business units/subsidiaries over multiple channels. |
There are two broad types of buyers that enterprise accounting software caters to:
Let’s look at some key benefits that will be of value to you.
Since the software cuts across business functions, customizability is the key consideration while selecting the right product. It’s a broad aspect so we have broken down the customization areas interested buyers can look into.
If you wish to further understand the features and benefits of enterprise accounting software, you may fill out this form for a no-obligation, free consultation. We have helped numerous businesses avoid costly mistakes and pick software that is best for them. Our advisors will understand your requirements and guide you in shortlisting the most suitable options for your business.
Note: The applications selected in this article are examples to show a feature in context and are not intended as endorsements or recommendations. They have been obtained from sources believed to be reliable at the time of publication.