What users are saying about

Acumatica 5.0

10 Ratings

Financial Edge NXT

Top Rated
88 Ratings

Acumatica 5.0

10 Ratings
Score 8.5 out of 101

Financial Edge NXT

Top Rated
88 Ratings
Score 8 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 NXT

I think FENXT is well suited for medium to large sized organizations who are willing to make an investment in their systems. I do not feel this would be worthwhile for small organizations or ones who do not prioritize their database systems.
Brandon Mand profile photo

Feature Rating Comparison

Customization

Acumatica 5.0
7.0
Financial Edge NXT
6.8
API for custom integration
Acumatica 5.0
7.0
Financial Edge NXT
7.9
Plug-ins
Acumatica 5.0
Financial Edge NXT
5.7

Security

Acumatica 5.0
7.0
Financial Edge NXT
7.1
Role-based user permissions
Acumatica 5.0
7.0
Financial Edge NXT
7.0
Single sign-on capability
Acumatica 5.0
Financial Edge NXT
7.1

Reporting & Analytics

Acumatica 5.0
6.7
Financial Edge NXT
6.7
Dashboards
Acumatica 5.0
4.0
Financial Edge NXT
6.9
Standard reports
Acumatica 5.0
7.0
Financial Edge NXT
6.7
Custom reports
Acumatica 5.0
9.0
Financial Edge NXT
6.5

General Ledger and Configurable Accounting

Acumatica 5.0
8.3
Financial Edge NXT
7.0
Accounts payable
Acumatica 5.0
10.0
Financial Edge NXT
7.0
Accounts receivable
Acumatica 5.0
8.0
Financial Edge NXT
6.3
Global Financial Support
Acumatica 5.0
5.0
Financial Edge NXT
Intercompany Accounting
Acumatica 5.0
9.0
Financial Edge NXT
Journals and Reconciliations
Acumatica 5.0
10.0
Financial Edge NXT
Standardized Processes
Acumatica 5.0
8.0
Financial Edge NXT
Cash management
Acumatica 5.0
Financial Edge NXT
6.8
Bank reconciliation
Acumatica 5.0
Financial Edge NXT
7.0
Expense management
Acumatica 5.0
Financial Edge NXT
7.5
Time tracking
Acumatica 5.0
Financial Edge NXT
6.5
Fixed asset management
Acumatica 5.0
Financial Edge NXT
7.0
Multi-currency support
Acumatica 5.0
Financial Edge NXT
7.7
Multi-division support
Acumatica 5.0
Financial Edge NXT
7.0
Regulations compliance
Acumatica 5.0
Financial Edge NXT
7.6
Electronic tax filing
Acumatica 5.0
Financial Edge NXT
5.8
Self-service portal
Acumatica 5.0
Financial Edge NXT
7.9

Inventory Management

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

Order Management

Acumatica 5.0
9.3
Financial Edge NXT
5.3
Pricing
Acumatica 5.0
10.0
Financial Edge NXT
5.7
Order entry
Acumatica 5.0
9.0
Financial Edge NXT
Cost of goods sold
Acumatica 5.0
8.0
Financial Edge NXT
3.3
End-to-end order visibility
Acumatica 5.0
10.0
Financial Edge NXT
Credit card processing
Acumatica 5.0
Financial Edge NXT
6.7

Subledger and Financial Process

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

Payroll Management

Acumatica 5.0
Financial Edge NXT
5.5
Pay calculation
Acumatica 5.0
Financial Edge NXT
5.4
Direct deposit files
Acumatica 5.0
Financial Edge NXT
5.5
Salary revision and increment management
Acumatica 5.0
Financial Edge NXT
4.8
Reimbursement management
Acumatica 5.0
Financial Edge NXT
6.4

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
  • Data entry is much easier with NXT especially for accounts payable
  • Reporting is fantastic with the ability to drill down in the reports to the detail and to export reports in more consistent formats (PDF, Excel)
  • Bank reconciliation is a breeze with the cash management capabilities
Pamela Wittmayer 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
  • Doing a journal entry in FENXT is not user-friendly and not easy on the eye. It's much better in the database view.
  • Needs more information on the drop downs when making selections.
  • I can't wait for the budget module.
No photo available

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
Financial Edge NXT8.1
Based on 3 answers
There aren't too many non-profit specific financial/accounting software solutions available. Even so, Financial Edge NXT meets the needs of our staff and allows us to operate efficiently.
Gregory Seay, CMA, CPA profile photo

Usability

No score
No answers yet
No answers on this topic
Financial Edge NXT5.5
Based on 1 answer
Still needs development to match the old client server version
Michael Downs profile photo

Support

No score
No answers yet
No answers on this topic
Financial Edge NXT8.2
Based on 2 answers
Quick, responsive. Keep us in the loop on where the case stands. Chat feature.
Michael Downs profile photo

Implementation

No score
No answers yet
No answers on this topic
Financial Edge NXT6.4
Based on 1 answer
From an IT perspective, read up on the user setup integrated with the DB View
Michael Downs profile photo

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
Totally different. SAP is much better, but we don't need anything so powerful for our industry
No photo available

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
  • We are in the newborn stage yet, so that is hard to say. We have had to basically train ourselves on the software which has been time consuming as well as frustrating. We were led to believe that this was something that was to be included.
  • The down time that we experience because of what we believe, is the server being down happens often.
No photo available

Screenshots

Acumatica 5.0

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 NXT

General
Free Trial
Free/Freemium Version
Premium Consulting/Integration Services
Yes
Entry-level set up fee?
Required
Additional Pricing Details