Clearwater Analytics vs. Financial Edge (legacy)

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Clearwater Analytics
Score 8.8 out of 10
N/A
Clearwater Analytics is a provider of web-based investment portfolio accounting, reporting, and reconciliation services for institutional investors at thousands of organizations, headquartered in Boise. Clearwater aggregates, reconciles, and reports on more than $5.5 trillion in assets across thousands of accounts daily. They boast clients including corporate treasuries, insurance companies, investment managers, banks, governments, and other institutional investors both in the United States and…N/A
Financial Edge (legacy)
Score 6.4 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
Clearwater AnalyticsFinancial Edge (legacy)
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
Clearwater AnalyticsFinancial Edge (legacy)
Free Trial
NoNo
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
NoNo
Entry-level Setup FeeNo setup feeNo setup fee
Additional Details
More Pricing Information
Community Pulse
Clearwater AnalyticsFinancial Edge (legacy)
Top Pros
Top Cons

No answers on this topic

Features
Clearwater AnalyticsFinancial Edge (legacy)
Payroll Management
Comparison of Payroll Management features of Product A and Product B
Clearwater Analytics
-
Ratings
Financial Edge (legacy)
1.0
4 Ratings
151% below category average
Pay calculation00 Ratings1.03 Ratings
Benefit plan administration00 Ratings1.02 Ratings
Direct deposit files00 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
Clearwater Analytics
-
Ratings
Financial Edge (legacy)
1.0
7 Ratings
151% below category average
API for custom integration00 Ratings1.05 Ratings
Plug-ins00 Ratings1.07 Ratings
Security
Comparison of Security features of Product A and Product B
Clearwater Analytics
-
Ratings
Financial Edge (legacy)
1.0
9 Ratings
155% below category average
Single sign-on capability00 Ratings1.06 Ratings
Role-based user permissions00 Ratings1.09 Ratings
Reporting & Analytics
Comparison of Reporting & Analytics features of Product A and Product B
Clearwater Analytics
-
Ratings
Financial Edge (legacy)
1.0
9 Ratings
153% below category average
Dashboards00 Ratings1.09 Ratings
Standard reports00 Ratings1.09 Ratings
Custom reports00 Ratings1.09 Ratings
General Ledger and Configurable Accounting
Comparison of General Ledger and Configurable Accounting features of Product A and Product B
Clearwater Analytics
-
Ratings
Financial Edge (legacy)
1.0
10 Ratings
152% below category average
Accounts payable00 Ratings1.09 Ratings
Accounts receivable00 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
Global Financial Support00 Ratings1.06 Ratings
Primary and Secondary Ledgers00 Ratings1.08 Ratings
Intercompany Accounting00 Ratings1.08 Ratings
Localizations00 Ratings1.05 Ratings
Journals and Reconciliations00 Ratings1.08 Ratings
Enterprise Accounting00 Ratings1.06 Ratings
Configurable Accounting00 Ratings1.07 Ratings
Centralized Rules Framework00 Ratings1.06 Ratings
Standardized Processes00 Ratings1.07 Ratings
Inventory Management
Comparison of Inventory Management features of Product A and Product B
Clearwater Analytics
-
Ratings
Financial Edge (legacy)
1.0
3 Ratings
148% below category average
Inventory tracking00 Ratings1.02 Ratings
Automatic reordering00 Ratings1.02 Ratings
Location management00 Ratings1.03 Ratings
Manufacturing module00 Ratings1.02 Ratings
Order Management
Comparison of Order Management features of Product A and Product B
Clearwater Analytics
-
Ratings
Financial Edge (legacy)
1.0
2 Ratings
152% below category average
Pricing00 Ratings1.02 Ratings
Order entry00 Ratings1.02 Ratings
Credit card processing00 Ratings1.02 Ratings
Cost of goods sold00 Ratings1.02 Ratings
Order Orchestration00 Ratings1.02 Ratings
End-to-end order visibility00 Ratings1.02 Ratings
Order exception Resolution00 Ratings1.02 Ratings
Best Alternatives
Clearwater AnalyticsFinancial Edge (legacy)
Small Businesses

No answers on this topic

QuickBooks Self-Employed (discontinued)
QuickBooks Self-Employed (discontinued)
Score 9.3 out of 10
Medium-sized Companies
FloQast
FloQast
Score 9.3 out of 10
Accounting Seed
Accounting Seed
Score 8.3 out of 10
Enterprises
FloQast
FloQast
Score 9.3 out of 10
Oracle Fusion Cloud ERP
Oracle Fusion Cloud ERP
Score 6.9 out of 10
All AlternativesView all alternativesView all alternatives
User Ratings
Clearwater AnalyticsFinancial Edge (legacy)
Likelihood to Recommend
8.0
(1 ratings)
1.0
(10 ratings)
Usability
-
(0 ratings)
2.0
(1 ratings)
Support Rating
-
(0 ratings)
1.0
(1 ratings)
User Testimonials
Clearwater AnalyticsFinancial Edge (legacy)
Likelihood to Recommend
Clearwater Analytics
If your company has multiple investment accounts Clearwater is a great choice to consolidate month end reporting.
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
Clearwater Analytics
No answers on this topic
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
Clearwater Analytics
No answers on this topic
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
Usability
Clearwater Analytics
No answers on this topic
Discontinued Products
It's user friendly, when it wants to be.
Read full review
Support Rating
Clearwater Analytics
No answers on this topic
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
Alternatives Considered
Clearwater Analytics
No answers on this topic
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
Clearwater Analytics
No answers on this topic
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