What users are saying about
1 Rating
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Score 8 out of 100
30 Ratings
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Score 7.3 out of 100

Likelihood to Recommend

Clearwater Analytics

If your company has multiple investment accounts Clearwater is a great choice to consolidate month end reporting.
Matt Watford | TrustRadius Reviewer

Financial Edge

  • 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).
William (Bill) Sanders, CPA | TrustRadius Reviewer

Feature Rating Comparison

Payroll Management

Clearwater Analytics
Financial Edge
8.1
Pay calculation
Clearwater Analytics
Financial Edge
8.9
Benefit plan administration
Clearwater Analytics
Financial Edge
7.0
Direct deposit files
Clearwater Analytics
Financial Edge
8.0
Salary revision and increment management
Clearwater Analytics
Financial Edge
7.6
Reimbursement management
Clearwater Analytics
Financial Edge
9.0

Customization

Clearwater Analytics
Financial Edge
8.1
API for custom integration
Clearwater Analytics
Financial Edge
7.7
Plug-ins
Clearwater Analytics
Financial Edge
8.4

Security

Clearwater Analytics
Financial Edge
9.5
Single sign-on capability
Clearwater Analytics
Financial Edge
9.1
Role-based user permissions
Clearwater Analytics
Financial Edge
10.0

Reporting & Analytics

Clearwater Analytics
Financial Edge
8.0
Dashboards
Clearwater Analytics
Financial Edge
5.1
Standard reports
Clearwater Analytics
Financial Edge
9.4
Custom reports
Clearwater Analytics
Financial Edge
9.4

General Ledger and Configurable Accounting

Clearwater Analytics
Financial Edge
8.1
Accounts payable
Clearwater Analytics
Financial Edge
8.9
Accounts receivable
Clearwater Analytics
Financial Edge
7.9
Cash management
Clearwater Analytics
Financial Edge
8.8
Bank reconciliation
Clearwater Analytics
Financial Edge
8.3
Expense management
Clearwater Analytics
Financial Edge
8.9
Time tracking
Clearwater Analytics
Financial Edge
7.9
Fixed asset management
Clearwater Analytics
Financial Edge
8.8
Multi-currency support
Clearwater Analytics
Financial Edge
7.3
Multi-division support
Clearwater Analytics
Financial Edge
7.7
Regulations compliance
Clearwater Analytics
Financial Edge
7.9
Electronic tax filing
Clearwater Analytics
Financial Edge
6.4
Self-service portal
Clearwater Analytics
Financial Edge
7.0
Global Financial Support
Clearwater Analytics
Financial Edge
6.4
Primary and Secondary Ledgers
Clearwater Analytics
Financial Edge
8.8
Intercompany Accounting
Clearwater Analytics
Financial Edge
8.8
Localizations
Clearwater Analytics
Financial Edge
7.3
Journals and Reconciliations
Clearwater Analytics
Financial Edge
8.9
Enterprise Accounting
Clearwater Analytics
Financial Edge
7.7
Configurable Accounting
Clearwater Analytics
Financial Edge
8.9
Centralized Rules Framework
Clearwater Analytics
Financial Edge
8.3
Standardized Processes
Clearwater Analytics
Financial Edge
8.9

Inventory Management

Clearwater Analytics
Financial Edge
7.5
Inventory tracking
Clearwater Analytics
Financial Edge
8.2
Automatic reordering
Clearwater Analytics
Financial Edge
6.4
Location management
Clearwater Analytics
Financial Edge
8.2
Manufacturing module
Clearwater Analytics
Financial Edge
7.3

Order Management

Clearwater Analytics
Financial Edge
8.0
Pricing
Clearwater Analytics
Financial Edge
8.0
Order entry
Clearwater Analytics
Financial Edge
8.0
Credit card processing
Clearwater Analytics
Financial Edge
8.0
Cost of goods sold
Clearwater Analytics
Financial Edge
8.0
Order Orchestration
Clearwater Analytics
Financial Edge
8.0
End-to-end order visibility
Clearwater Analytics
Financial Edge
8.0
Order exception Resolution
Clearwater Analytics
Financial Edge
8.0

Pros

Clearwater Analytics

No answers on this topic

Financial Edge

  • 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 | TrustRadius Reviewer

Cons

Clearwater Analytics

No answers on this topic

Financial Edge

  • Metrics in the reporting features could be enhanced to allow for cross-year/event comparisons.
  • It does not allow for single-sign-on from other platforms, requiring additional keystrokes for access/exit.
Anonymous | TrustRadius Reviewer

Alternatives Considered

Clearwater Analytics

No answers on this topic

Financial Edge

Most FE installations I have participated in were from QuickBooks Pro. QuickBooks, if set up well, is a great alternative for the smaller association or nonprofit, but it has challenges handling some of the unique aspects of nonprofit accounting. Recent editions of QuickBooks Pro have included a new nonprofit component, but it can be difficult to use.
Wendy Johnson | TrustRadius Reviewer

Return on Investment

Clearwater Analytics

No answers on this topic

Financial Edge

  • Financial Edge has enabled us to save time with respect to monthly reporting.
  • Financial Edge has helped us streamline some larger entries that were once a pain to enter in Fundware.
  • The F-9 plug allows us to report information in our desired format as opposed to using the reports within the FE application.
  • Overall, I would say that Financial Edge definitely saves us time on closing each month which frees us up for other projects within our department.
Sunny Reed | TrustRadius Reviewer

Pricing Details

Clearwater Analytics

General

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

Financial Edge

General

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

Rating Summary

Likelihood to Recommend

Clearwater Analytics
8.0
Financial Edge
7.4

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