What users are saying about

Acumatica 5.0

10 Ratings

Financial Edge

19 Ratings

Acumatica 5.0

10 Ratings
Score 8.5 out of 101

Financial Edge

19 Ratings
Score 7.8 out of 101

Add comparison

Likelihood to Recommend

Acumatica 5.0

As I have only used it in one business I can't say too much how relevant it would be for other types of business, eg Retail or Manufacturing. It doesn't appear to be specifically set up for ecommerce.

We wholesale products and it works well for that kind of business model.
Justin Leflaive profile photo

Financial Edge

We would like to eventually have an all-in-one solution for billing/AR. We are a membership organization and currently have to host an additional database for billing, then post those transactions to FE. For this reason, we do not feel Financial Edge is best-suited for our accounts receivable needs; as we still have to incur costs associated with hosting another database to do what we need to do. On-the-other-hand, Accounts Payable module works well for our business needs. We primarily process check payments and bank drafts and this module makes it easy to manage payments and correcting errors (i.e. deleting invoices or reprinting a check that did not print properly) is fairly simple.
Sunny Reed profile photo

Feature Rating Comparison

Customization

Acumatica 5.0
7.0
Financial Edge
6.0
API for custom integration
Acumatica 5.0
7.0
Financial Edge
Plug-ins
Acumatica 5.0
Financial Edge
6.0

Security

Acumatica 5.0
7.0
Financial Edge
9.2
Role-based user permissions
Acumatica 5.0
7.0
Financial Edge
8.5
Single sign-on capability
Acumatica 5.0
Financial Edge
10.0

Reporting & Analytics

Acumatica 5.0
6.7
Financial Edge
6.3
Dashboards
Acumatica 5.0
4.0
Financial Edge
6.1
Standard reports
Acumatica 5.0
7.0
Financial Edge
5.4
Custom reports
Acumatica 5.0
9.0
Financial Edge
7.4

General Ledger and Configurable Accounting

Acumatica 5.0
8.3
Financial Edge
7.3
Accounts payable
Acumatica 5.0
10.0
Financial Edge
7.9
Accounts receivable
Acumatica 5.0
8.0
Financial Edge
8.0
Global Financial Support
Acumatica 5.0
5.0
Financial Edge
8.0
Intercompany Accounting
Acumatica 5.0
9.0
Financial Edge
6.0
Journals and Reconciliations
Acumatica 5.0
10.0
Financial Edge
9.0
Standardized Processes
Acumatica 5.0
8.0
Financial Edge
8.0
Cash management
Acumatica 5.0
Financial Edge
8.0
Bank reconciliation
Acumatica 5.0
Financial Edge
8.7
Expense management
Acumatica 5.0
Financial Edge
7.3
Time tracking
Acumatica 5.0
Financial Edge
7.0
Fixed asset management
Acumatica 5.0
Financial Edge
7.0
Regulations compliance
Acumatica 5.0
Financial Edge
6.0
Self-service portal
Acumatica 5.0
Financial Edge
10.0
Primary and Secondary Ledgers
Acumatica 5.0
Financial Edge
6.0
Configurable Accounting
Acumatica 5.0
Financial Edge
3.0

Inventory Management

Acumatica 5.0
8.5
Financial Edge
Inventory tracking
Acumatica 5.0
9.0
Financial Edge
Location management
Acumatica 5.0
8.0
Financial Edge

Order Management

Acumatica 5.0
9.3
Financial Edge
Pricing
Acumatica 5.0
10.0
Financial Edge
Order entry
Acumatica 5.0
9.0
Financial Edge
Cost of goods sold
Acumatica 5.0
8.0
Financial Edge
End-to-end order visibility
Acumatica 5.0
10.0
Financial Edge

Subledger and Financial Process

Acumatica 5.0
6.8
Financial Edge
Automated Invoice Processing
Acumatica 5.0
7.0
Financial Edge
Customer Collections
Acumatica 5.0
7.0
Financial Edge
Cash Management
Acumatica 5.0
7.0
Financial Edge
Period Close
Acumatica 5.0
6.0
Financial Edge

Pros

  • Generic Inquiries are a very easy way to create custom reports.
  • The automation schedules are useful, we use these for confirming of shipments, creating invoices and emailing them. Reduces workload.
  • Open for integration with other software. We find the ease of connection to MS PowerBI very useful.
Justin Leflaive profile photo
  • F-9 Reporting is a great tool. We are able to build custom financials for our Finance Committees and Board of Directors and choose how we want to present information to these parties.
  • The AP Module is easy to use and has a "common sense" format.
  • The ability to reference various dates/periods in one journal entry is awesome!
Sunny Reed profile photo

Cons

  • The CRM module is very basic.
  • There is no supplier remittance function.
  • The API is basic, our ecommerce integration has had to be built nearly from scratch.
Justin Leflaive profile photo
  • Overall, the interface looks like something from the early 90s. Users tend to fight the interface until they get used to doing their particular tasks. However, once they know how to make it work in one area, the interface is very similar across the program.
Petra Hall profile photo

Likelihood to Renew

Acumatica 5.09.0
Based on 1 answer
It is very customisable and good value for money. It is also scalable for the future. The CRM and ecommerce integtration are the main downsides.
Justin Leflaive profile photo
No score
No answers yet
No answers on this topic

Alternatives Considered

NetSuite is much more expensive and is difficult to customise or integrate.
SAP is a more complex and powerful system, but several times more expensive to implement and run.
Justin Leflaive profile photo
We've used Financial Edge for a very long time.
Petra Hall profile photo

Return on Investment

  • Time to match customer payments has decreased by approximately 30%.
  • Time to enter sales orders has decreased by approx 10%.
  • It has enabled up to easily access our system remotely, meaning we are able to be more flexible in our work.
Justin Leflaive profile photo
  • That is difficult to answer, as the organization has used Financial Edge for a very long time. I would say the ability to add a project ID to any transaction in the GL makes it much easier to report on all revenue and expenses belonging to a single project, without having to create project-specific accounts.
Petra Hall profile photo

Pricing Details

Acumatica 5.0

General
Free Trial
Free/Freemium Version
Premium Consulting/Integration Services
Entry-level set up fee?
No
Additional Pricing Details

Financial Edge

General
Free Trial
Free/Freemium Version
Premium Consulting/Integration Services
Entry-level set up fee?
No
Additional Pricing Details