Acumatica vs. Financial Edge (legacy)

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Acumatica
Score 8.8 out of 10
N/A
Acumatica delivers a set of cloud-based business software applications with dashboards, reporting tools, integrated document management, centralized security, and customization tools.
$1,000
per year
Financial Edge (legacy)
Score 6.5 out of 10
N/A
A legacy software offering, Blackbaud now instead offers and supports their cloud-based accounting solution, Blackbaud Financial Edge NXT as a modern alternative.N/A
Pricing
AcumaticaFinancial Edge (legacy)
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
AcumaticaFinancial Edge (legacy)
Free Trial
NoNo
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
YesNo
Entry-level Setup FeeNo setup feeNo setup fee
Additional DetailsPricing is always consumption-based with no five-year lock-ins or termination penalties. The Acumatica ERP pricing structure allows adding casual users, suppliers, and customers without paying for additional licenses. The cost is based on the features and resources utilized, not on the number of users who access the system. An Acumatica partner works with users to understand specific requirements, determine the proper resources and modules for the company, and presents a price for the license.
More Pricing Information
Community Pulse
AcumaticaFinancial Edge (legacy)
Considered Both Products
Acumatica
Financial Edge (legacy)

No answer on this topic

Top Pros
Top Cons
Features
AcumaticaFinancial Edge (legacy)
Payroll Management
Comparison of Payroll Management features of Product A and Product B
Acumatica
8.5
59 Ratings
17% above category average
Financial Edge (legacy)
1.0
4 Ratings
151% below category average
Pay calculation7.851 Ratings1.03 Ratings
Benefit plan administration7.136 Ratings1.02 Ratings
Direct deposit files7.748 Ratings1.02 Ratings
Salary revision and increment management00 Ratings1.03 Ratings
Reimbursement management00 Ratings1.04 Ratings
Customization
Comparison of Customization features of Product A and Product B
Acumatica
8.5
166 Ratings
15% above category average
Financial Edge (legacy)
1.0
7 Ratings
151% below category average
API for custom integration8.6154 Ratings1.05 Ratings
Plug-ins8.4150 Ratings1.07 Ratings
Security
Comparison of Security features of Product A and Product B
Acumatica
8.6
205 Ratings
7% above category average
Financial Edge (legacy)
1.0
9 Ratings
156% below category average
Single sign-on capability8.8166 Ratings1.06 Ratings
Role-based user permissions8.4202 Ratings1.09 Ratings
Reporting & Analytics
Comparison of Reporting & Analytics features of Product A and Product B
Acumatica
8.3
211 Ratings
17% above category average
Financial Edge (legacy)
1.0
9 Ratings
153% below category average
Dashboards8.5199 Ratings1.09 Ratings
Standard reports8.0208 Ratings1.09 Ratings
Custom reports8.4203 Ratings1.09 Ratings
General Ledger and Configurable Accounting
Comparison of General Ledger and Configurable Accounting features of Product A and Product B
Acumatica
8.8
436 Ratings
15% above category average
Financial Edge (legacy)
1.0
10 Ratings
153% below category average
Accounts payable8.7424 Ratings1.09 Ratings
Accounts receivable8.6332 Ratings1.07 Ratings
Global Financial Support8.1116 Ratings1.06 Ratings
Primary and Secondary Ledgers8.5167 Ratings1.08 Ratings
Journals and Reconciliations8.6317 Ratings1.08 Ratings
Configurable Accounting8.5193 Ratings1.07 Ratings
Standardized Processes8.6208 Ratings1.07 Ratings
Cash management00 Ratings1.09 Ratings
Bank reconciliation00 Ratings1.010 Ratings
Expense management00 Ratings1.08 Ratings
Time tracking00 Ratings1.04 Ratings
Fixed asset management00 Ratings1.08 Ratings
Multi-currency support00 Ratings1.05 Ratings
Multi-division support00 Ratings1.06 Ratings
Regulations compliance00 Ratings1.07 Ratings
Electronic tax filing00 Ratings1.04 Ratings
Self-service portal00 Ratings1.07 Ratings
Intercompany Accounting00 Ratings1.08 Ratings
Localizations00 Ratings1.05 Ratings
Enterprise Accounting00 Ratings1.06 Ratings
Centralized Rules Framework00 Ratings1.06 Ratings
Inventory Management
Comparison of Inventory Management features of Product A and Product B
Acumatica
8.5
264 Ratings
9% above category average
Financial Edge (legacy)
1.0
3 Ratings
149% below category average
Inventory tracking8.3260 Ratings1.02 Ratings
Automatic reordering7.6110 Ratings1.02 Ratings
Location management8.6143 Ratings1.03 Ratings
Manufacturing module00 Ratings1.02 Ratings
Order Management
Comparison of Order Management features of Product A and Product B
Acumatica
8.8
272 Ratings
13% above category average
Financial Edge (legacy)
1.0
2 Ratings
152% below category average
Pricing8.2238 Ratings1.02 Ratings
Order entry8.8244 Ratings1.02 Ratings
Credit card processing8.5167 Ratings1.02 Ratings
Cost of goods sold8.2227 Ratings1.02 Ratings
Order Orchestration8.0109 Ratings1.02 Ratings
End-to-end order visibility00 Ratings1.02 Ratings
Order exception Resolution00 Ratings1.02 Ratings
Subledger and Financial Process
Comparison of Subledger and Financial Process features of Product A and Product B
Acumatica
8.8
305 Ratings
18% above category average
Financial Edge (legacy)
-
Ratings
Billing Management8.6174 Ratings00 Ratings
Cash and Asset Management8.6280 Ratings00 Ratings
Travel & Expense Management7.8126 Ratings00 Ratings
Budgetary Control & Encumbrance Accounting8.7131 Ratings00 Ratings
Period Close8.7185 Ratings00 Ratings
Project Financial Management
Comparison of Project Financial Management features of Product A and Product B
Acumatica
9.9
4 Ratings
26% above category average
Financial Edge (legacy)
-
Ratings
Budgeting and Forecasting9.64 Ratings00 Ratings
Project Costing9.93 Ratings00 Ratings
Cost Capture9.93 Ratings00 Ratings
Capital Project Management10.02 Ratings00 Ratings
Customer Contract Compliance10.02 Ratings00 Ratings
Project Revenue Recognition9.93 Ratings00 Ratings
Project Execution Management
Comparison of Project Execution Management features of Product A and Product B
Acumatica
8.1
91 Ratings
17% above category average
Financial Edge (legacy)
-
Ratings
Project Planning and Scheduling8.184 Ratings00 Ratings
Task Insight for Project Managers8.481 Ratings00 Ratings
Project Mobile Functionality8.169 Ratings00 Ratings
Definable Resource Pools7.945 Ratings00 Ratings
Grants Management
Comparison of Grants Management features of Product A and Product B
Acumatica
8.2
32 Ratings
11% above category average
Financial Edge (legacy)
-
Ratings
Award Lifecycle Management8.632 Ratings00 Ratings
Procurement
Comparison of Procurement features of Product A and Product B
Acumatica
7.7
171 Ratings
11% above category average
Financial Edge (legacy)
-
Ratings
Bids Analyzed and Compared8.449 Ratings00 Ratings
Contract Authoring8.732 Ratings00 Ratings
Requisitions-to-Purchase Orders Integrated8.2141 Ratings00 Ratings
Supplier Management8.174 Ratings00 Ratings
Risk Management
Comparison of Risk Management features of Product A and Product B
Acumatica
8.7
50 Ratings
30% above category average
Financial Edge (legacy)
-
Ratings
Risk Repository8.638 Ratings00 Ratings
Control Management8.642 Ratings00 Ratings
Control Efficiency Assessments8.739 Ratings00 Ratings
Issue Detection8.741 Ratings00 Ratings
Remediation and Certification8.633 Ratings00 Ratings
Logistics
Comparison of Logistics features of Product A and Product B
Acumatica
8.7
70 Ratings
27% above category average
Financial Edge (legacy)
-
Ratings
Transportation Planning and Optimization7.251 Ratings00 Ratings
Transportation Execution Management7.948 Ratings00 Ratings
Trade and Customs Management7.339 Ratings00 Ratings
Fulfillment Management8.255 Ratings00 Ratings
Warehouse Workforce Management7.751 Ratings00 Ratings
Manufacturing
Comparison of Manufacturing features of Product A and Product B
Acumatica
8.9
77 Ratings
19% above category average
Financial Edge (legacy)
-
Ratings
Production Process Design7.963 Ratings00 Ratings
Production Management8.170 Ratings00 Ratings
Configuration Management8.365 Ratings00 Ratings
Work Execution8.556 Ratings00 Ratings
Manufacturing Costs7.967 Ratings00 Ratings
Supply Chain
Comparison of Supply Chain features of Product A and Product B
Acumatica
8.3
90 Ratings
17% above category average
Financial Edge (legacy)
-
Ratings
Forecasting7.577 Ratings00 Ratings
Inventory Planning7.883 Ratings00 Ratings
Performance Monitoring7.873 Ratings00 Ratings
Product Lifecycle Management
Comparison of Product Lifecycle Management features of Product A and Product B
Acumatica
8.7
51 Ratings
20% above category average
Financial Edge (legacy)
-
Ratings
Proposal Management8.742 Ratings00 Ratings
Product Master Data Management8.349 Ratings00 Ratings
Best Alternatives
AcumaticaFinancial Edge (legacy)
Small Businesses
Zoho One
Zoho One
Score 8.4 out of 10
QuickBooks Self-Employed (discontinued)
QuickBooks Self-Employed (discontinued)
Score 9.3 out of 10
Medium-sized Companies
Infor VISUAL
Infor VISUAL
Score 6.1 out of 10
Accounting Seed
Accounting Seed
Score 8.3 out of 10
Enterprises
SAP Business ByDesign
SAP Business ByDesign
Score 8.4 out of 10
Oracle Fusion Cloud ERP
Oracle Fusion Cloud ERP
Score 7.0 out of 10
All AlternativesView all alternativesView all alternatives
User Ratings
AcumaticaFinancial Edge (legacy)
Likelihood to Recommend
8.8
(483 ratings)
1.0
(10 ratings)
Likelihood to Renew
8.7
(26 ratings)
-
(0 ratings)
Usability
7.7
(19 ratings)
2.0
(1 ratings)
Availability
8.2
(1 ratings)
-
(0 ratings)
Performance
8.2
(1 ratings)
-
(0 ratings)
Support Rating
6.7
(14 ratings)
1.0
(1 ratings)
In-Person Training
8.3
(2 ratings)
-
(0 ratings)
Online Training
9.1
(1 ratings)
-
(0 ratings)
Implementation Rating
7.1
(8 ratings)
-
(0 ratings)
Contract Terms and Pricing Model
8.2
(1 ratings)
-
(0 ratings)
Ease of integration
7.3
(1 ratings)
-
(0 ratings)
Product Scalability
9.1
(1 ratings)
-
(0 ratings)
Professional Services
9.1
(1 ratings)
-
(0 ratings)
Vendor post-sale
9.1
(1 ratings)
-
(0 ratings)
Vendor pre-sale
9.1
(1 ratings)
-
(0 ratings)
User Testimonials
AcumaticaFinancial Edge (legacy)
Likelihood to Recommend
Acumatica
If they were looking for a little more sophistication out of the box from QuickBooks and we're not gonna do a lot of customizations at all that I think your system is fine if you're gonna customize it to operate in your unique environment, I think your system due to the upgrade process is highly complex to maintain long-term.
Read full review
Discontinued Products
  • Financial Edge is well suited for traditional day to day accounting, accounts payable, and related needs.
  • Financial Edge dashboard does not provide a snapshot view of data that I have found are available through other platforms (like QBO).
Read full review
Pros
Acumatica
  • We're excited on how it links everything together. So our current system, we have a hard time, if we're in a service ticket, being able to easily go back to an old service ticket of that customer and it's so many clicks away. And with the side panels we're very eager to be able to in the same screen click and have the information that we need.
Read full review
Discontinued Products
  • 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.
Read full review
Cons
Acumatica
  • Manufacturing suite. You have all the time. So for the Manufacturing edition, you're able to have negative issues that are unlimited and are not balanced into a job that needs to be improved. The mobile app itself for warehouse picking and management sets the default item to one. This is not how most warehouses that I've ever worked at operate. Bomb hierarchy and respectful of child elements. These are nitty gritty elements, but these are kind of down-and-dirty items that need to improve. But overall it's pretty good.
Read full review
Discontinued Products
  • Customer service blames the customer, and never offers solutions other than "wait it out." I've always been told it's my computer, even though everyone else at my work has the same issues.
  • Website is constantly "under maintenance" and it somehow never gets better.
  • The Database View is outdated and glitchy. Honestly get rid of it.
  • The Crystal Report is the only way to handle monthly recurring statements, and Financial Edge does not offer support for it anymore. Good luck figuring that out on your own.
Read full review
Likelihood to Renew
Acumatica
We aren’t going to switch at this point! It’s a great system and we are looking forward to realizing the full potential of the system once we can find a VAR who has a bench that can support us.
Read full review
Discontinued Products
No answers on this topic
Usability
Acumatica
Most "things" are intuitive which makes the software nice. A few other "things" make no sense and come from a programmers mind, not a users experience.
Read full review
Discontinued Products
It's user friendly, when it wants to be.
Read full review
Performance
Acumatica
there have been some performance issues
Read full review
Discontinued Products
No answers on this topic
Support Rating
Acumatica
We used Acumatica Support directly for the first year or so. Overall it's pretty good, but sometimes the support staff wasn't educated on the customizations we had, nor was I as the Customer as I couldn't remember which things were customized and which things were out of the box, so when there was an error, there were some misunderstandings.
Read full review
Discontinued Products
I would give this a zero if I could. Here's the deal. Once you request a chat with a representative, they immediately respond. So responsiveness: 10/10. However, they have a tendency to (always) tell you that whatever problem you're experiencing is your problem, not theirs. They offer no solutions and never take responsibility for their website malfunctioning
Read full review
Implementation Rating
Acumatica
I'd say the partner selection is critically important. I think the software is very easy to implement. It's very customizable to your business. Finding a partner that will work with you to understand your business and your needs is the critical piece to make sure that the system goes along with it.
Read full review
Discontinued Products
No answers on this topic
Alternatives Considered
Acumatica
Well, we decided to go with Acumatica and I believe it was a really good decision. The VAR was a big part of that as well because of their insights and knowledge, but I just felt Acumatica was the right fit for us in size and it had the capabilities we needed, but it also wasn't overkill.
Read full review
Discontinued Products
Financial Edge is more economical than GuideStar, and more focused on the financial successes than simply the management of funds and general data.
Read full review
Return on Investment
Acumatica
  • Positive impact. Customers had no problems getting their products during the implementation process and this location still grew 10% this year. So, it's enabled us to handle more with less steps and also with less people. Even though we didn't need to let anyone go, we were able to divert those resources to things that help generate revenue or to handle more orders.
Read full review
Discontinued Products
  • Like any enterprise software, there are costs/investments ahead of return. It isn't something you would implement without support.
  • During the significant financial downturn, we were able to use FE to forecast trends and make budget adjustments easily. It transformed communication about forecasting and cuts with assurance.
Read full review
ScreenShots

Acumatica Screenshots

Screenshot of Acumatica Cloud ERP - Device SupportScreenshot of Acumatica Cloud ERP - Production Manager DashboardScreenshot of Acumatica Cloud ERP - Production Schedule BoardScreenshot of Acumatica Cloud ERP -Warehouse Manager DashboardScreenshot of Acumatica Cloud ERP - Purchasing Manager DashboardScreenshot of Acumatica Cloud ERP - Sales Manager Dashboard