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11 Ratings
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Score 8.7 out of 101
20 Ratings
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Score 7.9 out of 101

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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

Financial edge is great for tracking revenue and expenses for specific donor-designated gifts. It is easy to create projects for each designation that allows for tracking and reporting. I would like to see some expansion in reporting based on projects. We currently have built custom reports for reporting to our end-users and donors on project balances.
Stephanie Ulmer profile photo

Feature Rating Comparison

Customization

Acumatica 5.0
7.0
Financial Edge
8.0
API for custom integration
Acumatica 5.0
7.0
Financial Edge
9.0
Plug-ins
Acumatica 5.0
Financial Edge
6.9

Security

Acumatica 5.0
7.0
Financial Edge
8.9
Role-based user permissions
Acumatica 5.0
7.0
Financial Edge
9.0
Single sign-on capability
Acumatica 5.0
Financial Edge
8.9

Reporting & Analytics

Acumatica 5.0
6.7
Financial Edge
7.6
Dashboards
Acumatica 5.0
4.0
Financial Edge
7.5
Standard reports
Acumatica 5.0
7.0
Financial Edge
7.2
Custom reports
Acumatica 5.0
9.0
Financial Edge
8.2

General Ledger and Configurable Accounting

Acumatica 5.0
8.3
Financial Edge
8.4
Accounts payable
Acumatica 5.0
10.0
Financial Edge
8.5
Accounts receivable
Acumatica 5.0
8.0
Financial Edge
8.7
Global Financial Support
Acumatica 5.0
5.0
Financial Edge
8.0
Intercompany Accounting
Acumatica 5.0
9.0
Financial Edge
8.0
Journals and Reconciliations
Acumatica 5.0
10.0
Financial Edge
9.0
Standardized Processes
Acumatica 5.0
8.0
Financial Edge
8.7
Cash management
Acumatica 5.0
Financial Edge
8.5
Bank reconciliation
Acumatica 5.0
Financial Edge
8.9
Expense management
Acumatica 5.0
Financial Edge
8.3
Time tracking
Acumatica 5.0
Financial Edge
7.0
Fixed asset management
Acumatica 5.0
Financial Edge
8.5
Multi-currency support
Acumatica 5.0
Financial Edge
9.0
Multi-division support
Acumatica 5.0
Financial Edge
9.0
Regulations compliance
Acumatica 5.0
Financial Edge
8.7
Electronic tax filing
Acumatica 5.0
Financial Edge
8.0
Self-service portal
Acumatica 5.0
Financial Edge
6.8
Primary and Secondary Ledgers
Acumatica 5.0
Financial Edge
8.0
Localizations
Acumatica 5.0
Financial Edge
9.0
Enterprise Accounting
Acumatica 5.0
Financial Edge
9.0
Configurable Accounting
Acumatica 5.0
Financial Edge
7.1
Centralized Rules Framework
Acumatica 5.0
Financial Edge
9.0

Inventory Management

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

Order Management

Acumatica 5.0
9.3
Financial Edge
8.0
Pricing
Acumatica 5.0
10.0
Financial Edge
8.0
Order entry
Acumatica 5.0
9.0
Financial Edge
8.0
Cost of goods sold
Acumatica 5.0
8.0
Financial Edge
8.0
End-to-end order visibility
Acumatica 5.0
10.0
Financial Edge
8.0
Credit card processing
Acumatica 5.0
Financial Edge
8.0
Order Orchestration
Acumatica 5.0
Financial Edge
8.0
Order exception Resolution
Acumatica 5.0
Financial Edge
8.0

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

Payroll Management

Acumatica 5.0
Financial Edge
8.1
Pay calculation
Acumatica 5.0
Financial Edge
9.0
Benefit plan administration
Acumatica 5.0
Financial Edge
7.0
Direct deposit files
Acumatica 5.0
Financial Edge
8.0
Salary revision and increment management
Acumatica 5.0
Financial Edge
7.5
Reimbursement management
Acumatica 5.0
Financial Edge
9.0

Accounting Firm BPO Features

Acumatica 5.0
Financial Edge
8.0
Branded client dashboards
Acumatica 5.0
Financial Edge
8.0
Client data roll-up capabilities
Acumatica 5.0
Financial Edge
8.0
Client data consolidation for benchmarking
Acumatica 5.0
Financial Edge
8.0
Configurable alerts
Acumatica 5.0
Financial Edge
8.0
Billing bypass
Acumatica 5.0
Financial Edge
8.0
Client template cloning
Acumatica 5.0
Financial Edge
8.0
Single sign-on
Acumatica 5.0
Financial Edge
8.0
Configurable client onboarding questions
Acumatica 5.0
Financial Edge
8.0
Cross-client workflow management
Acumatica 5.0
Financial Edge
8.0
Industry-specific versioning
Acumatica 5.0
Financial Edge
8.0
Legacy system data migration
Acumatica 5.0
Financial Edge
8.0

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
  • Financial edge is able to be customized in a way that fits our organization.
  • Financial edge is able to provide reports to our end-users on budget versus actual account balances.
  • Financial edge is able to handle a large volume of transactions with ease, having built-in capabilities for batching and balancing.
Stephanie Ulmer 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
  • In the list view of Journal Entries, it would be great if we could see the post date in addition to the date added.
  • Fixed Asset module is not set up for some unique scenarios (removing a previously "acquired asset" that was not necessarily disposed of, but place in FA in error).
  • Reporting within the FE application is not so great, so F-9 saves the day with respect to reporting.
Sunny Reed 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