Clearwater Analytics vs Financial Edge

Likelihood to Recommend

If your company has multiple investment accounts Clearwater is a great choice to consolidate month end reporting.

Read full review

Matt Watford

Treasurer

Denver Health & Hospital AuthorityHospital & Health Care, 5001-10,000 employees

View all 1 answers on this topic

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

William (Bill) Sanders, CPA

Accounting, Management, Tax & Nonprofit Consultant, CPA

Kohl Children's MuseumNon-profit Organization Management, 51-200 employees

View all 9 answers on this topic

Feature Rating Comparison

Clearwater Analytics

Financial Edge

Pay calculation

Benefit plan administration

Direct deposit files

Salary revision and increment management

Reimbursement management

Clearwater Analytics

Financial Edge

API for custom integration

Plug-ins

Clearwater Analytics

Financial Edge

Single sign-on capability

Role-based user permissions

Clearwater Analytics

Financial Edge

Dashboards

Standard reports

Custom reports

Clearwater Analytics

Financial Edge

Accounts payable

Accounts receivable

Cash management

Bank reconciliation

Expense management

Time tracking

Fixed asset management

Multi-currency support

Multi-division support

Regulations compliance

Electronic tax filing

Self-service portal

Global Financial Support

Primary and Secondary Ledgers

Intercompany Accounting

Localizations

Journals and Reconciliations

Enterprise Accounting

Configurable Accounting

Centralized Rules Framework

Standardized Processes

Clearwater Analytics

Financial Edge

Inventory tracking

Automatic reordering

Location management

Manufacturing module

Clearwater Analytics

Financial Edge

Pricing

Order entry

Credit card processing

Cost of goods sold

Order Orchestration

End-to-end order visibility

Order exception Resolution

Pros

No answers on this topic

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

Stephanie Ulmer

Senior Director of Operations

The Bloomsburg University FoundationHigher Education, 11-50 employees

View all 9 answers on this topic

Cons

No answers on this topic

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.

Read full review

Verified User

Director in Research & Development

Non-Profit Organization Management Company, 1001-5000 employees

View all 9 answers on this topic

Alternatives Considered

No answers on this topic

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.

Read full review

Wendy Johnson

Executive Director

Justa CenterNon-Profit Organization Management, 11-50 employees

View all 9 answers on this topic

Return on Investment

No answers on this topic

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.

Read full review

Sunny Reed

Controller

Lambda Chi Alpha Fraternity, Inc.Civic & Social Organization, 11-50 employees

View all 9 answers on this topic

Pricing Details

General

Free Trial

—

Free/Freemium Version

—

Premium Consulting/Integration Services

—

Entry-level set up fee?

No

General

Free Trial

—

Free/Freemium Version

—

Premium Consulting/Integration Services

—

Entry-level set up fee?

No

Rating Summary

Clearwater Analytics

Financial Edge

Likelihood to Recommend