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Searching for the best enterprise accounting software for your business?
Save yourself time and stress. We’re here to help you find the right enterprise accounting software solution for your work.
What is enterprise accounting software?
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.
Compare All Enterprise Accounting Software
JD Edwards EnterpriseOne
JD Edwards EnterpriseOne
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
Dynamics 365 Business Central
Dynamics 365 Business Central
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 AX
Microsoft Dynamics AX
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
Slingshot Enterprise Business Suite
Slingshot Enterprise Business Suite
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
Sage Intacct
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
UNIT4 Financials
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
Adaptive Planning
Adaptive Planning
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
MIP Fund Accounting
MIP Fund Accounting
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
Software pricing tips
Read our Enterprise Accounting Software Buyers GuideSubscription models
- Per employee/per month: This model allows you to pay a monthly fee for each of your employees.
- Per user/per month: Users pay a monthly fee for users—normally administrative users—rather than all employees.
Perpetual license
- This involves paying an upfront sum for the license to own the software and use it indefinitely.
- This is the more traditional model and is most common with on-premise applications and with larger businesses.
Rated best value for money
Flexi Software
Flexi Software
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 Accounting Suite
AccuFund Accounting Suite
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
Planning Maestro
Planning Maestro
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
R4 Enterprise
R4 Enterprise
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 Financial Edge NXT
Blackbaud Financial Edge NXT
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 ERP
Multiview ERP
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 Modeling
A3 Modeling
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
CCH Tagetik
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
Bassets eDepreciation
Bassets eDepreciation
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
Fixed Assets Manager
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
Popular Enterprise Accounting Software Comparisons
Buyers Guide
Last Updated: March 10, 2022Enterprise 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:
- What is enterprise accounting software?
- Key features of enterprise accounting software
- What type of buyer are you?
- Key considerations for selecting enterprise accounting software
What is enterprise accounting software?
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.
Common features of enterprise accounting software
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. |
What type of buyer are you?
There are two broad types of buyers that enterprise accounting software caters to:
- Enterprises looking to manage geographically scattered operations: Enterprises typically operate in multiple markets/jurisdiction, which could be across states or countries. This exposes them to varied currencies, tax systems, and accounting standards. The software’s extended capabilities in handling these requirements make it ideal for such buyers.
- Non-enterprise buyers looking for a unified business view: These buyers could be small or midsize businesses that don’t necessarily operate in multiple markets/jurisdiction but want a single software platform that provides for consolidated management of business operations. The software’s non-accounting modules for handling other business functions serve this purpose.
Benefits of enterprise accounting software
Let’s look at some key benefits that will be of value to you.
- Data-rich reports: The tool helps generate reports that cover more than standalone balance sheets, profit and loss statements, and income statements. Enterprise accounting software can help generate cash flow projections based on inventory levels, orders in the pipeline, and accounts receivables aging. Instead of merely informing about the financial position of a business, the software provides broader insights into multiple business functions.
- Reduced data duplication: Using disparate tools to handle various functions creates silos that lead to data duplication (the same data stored in multiple systems). The software solves this via its additional modules that can be integrated to eliminate data silos. This also helps improve productivity by reducing the effort required for feeding redundant data to multiple tools.
Key considerations for selecting enterprise accounting software
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.
- Industry of operation: The kind of industry you operate in will decide the specific modules you may need in addition to the accounting module. For example, a manufacturing business will require inventory management capabilities while a marketing agency will need a customer relationship management module.
- Additional capabilities: These requirements are not industry-specific and depend on the unique needs of a business. Some examples are multilingual support, crypto-currency integration, and role-based access to users.
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.