Financial Edge vs. Microsoft Dynamics 365 Business Central

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Financial Edge
Score 6.0 out of 10
N/A
N/AN/A
Microsoft Dynamics 365 Business Central
Score 7.9 out of 10
N/A
Microsoft Dynamics 365 Business Central (formerly Dynamics NAV) is one of the ERP products in the Dynamics family. The technology is based on the Navision product acquired by Microsoft in 2002. This product is the best-selling Microsoft ERP platform, and is often used by companies in the manufacturing and distribution verticals.N/A
Pricing
Financial EdgeMicrosoft Dynamics 365 Business Central
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
Financial EdgeMicrosoft Dynamics 365 Business Central
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
Financial EdgeMicrosoft Dynamics 365 Business Central
Top Pros
Top Cons
Features
Financial EdgeMicrosoft Dynamics 365 Business Central
Payroll Management
Comparison of Payroll Management features of Product A and Product B
Financial Edge
1.0
4 Ratings
153% below category average
Microsoft Dynamics 365 Business Central
7.6
6 Ratings
5% above category average
Pay calculation1.03 Ratings7.86 Ratings
Benefit plan administration1.02 Ratings7.04 Ratings
Direct deposit files1.02 Ratings9.35 Ratings
Salary revision and increment management1.03 Ratings00 Ratings
Reimbursement management1.04 Ratings00 Ratings
Customization
Comparison of Customization features of Product A and Product B
Financial Edge
1.0
7 Ratings
150% below category average
Microsoft Dynamics 365 Business Central
8.0
16 Ratings
10% above category average
API for custom integration1.05 Ratings8.015 Ratings
Plug-ins1.07 Ratings8.013 Ratings
Security
Comparison of Security features of Product A and Product B
Financial Edge
1.0
9 Ratings
155% below category average
Microsoft Dynamics 365 Business Central
9.0
20 Ratings
10% above category average
Single sign-on capability1.06 Ratings9.016 Ratings
Role-based user permissions1.09 Ratings9.020 Ratings
Reporting & Analytics
Comparison of Reporting & Analytics features of Product A and Product B
Financial Edge
1.0
9 Ratings
153% below category average
Microsoft Dynamics 365 Business Central
5.1
21 Ratings
31% below category average
Dashboards1.09 Ratings5.117 Ratings
Standard reports1.09 Ratings5.121 Ratings
Custom reports1.09 Ratings5.120 Ratings
General Ledger and Configurable Accounting
Comparison of General Ledger and Configurable Accounting features of Product A and Product B
Financial Edge
1.0
10 Ratings
152% below category average
Microsoft Dynamics 365 Business Central
8.8
21 Ratings
14% above category average
Accounts payable1.09 Ratings9.020 Ratings
Accounts receivable1.07 Ratings8.419 Ratings
Cash management1.09 Ratings00 Ratings
Bank reconciliation1.010 Ratings00 Ratings
Expense management1.08 Ratings00 Ratings
Time tracking1.04 Ratings00 Ratings
Fixed asset management1.08 Ratings00 Ratings
Multi-currency support1.05 Ratings00 Ratings
Multi-division support1.06 Ratings00 Ratings
Regulations compliance1.07 Ratings00 Ratings
Electronic tax filing1.04 Ratings00 Ratings
Self-service portal1.07 Ratings00 Ratings
Global Financial Support1.06 Ratings9.08 Ratings
Primary and Secondary Ledgers1.08 Ratings10.07 Ratings
Intercompany Accounting1.08 Ratings00 Ratings
Localizations1.05 Ratings00 Ratings
Journals and Reconciliations1.08 Ratings10.010 Ratings
Enterprise Accounting1.06 Ratings00 Ratings
Configurable Accounting1.07 Ratings10.010 Ratings
Centralized Rules Framework1.06 Ratings00 Ratings
Standardized Processes1.07 Ratings9.011 Ratings
Inventory Management
Comparison of Inventory Management features of Product A and Product B
Financial Edge
1.0
3 Ratings
150% below category average
Microsoft Dynamics 365 Business Central
8.7
16 Ratings
10% above category average
Inventory tracking1.02 Ratings9.016 Ratings
Automatic reordering1.02 Ratings6.79 Ratings
Location management1.03 Ratings9.013 Ratings
Manufacturing module1.02 Ratings00 Ratings
Order Management
Comparison of Order Management features of Product A and Product B
Financial Edge
1.0
2 Ratings
152% below category average
Microsoft Dynamics 365 Business Central
7.9
19 Ratings
2% above category average
Pricing1.02 Ratings7.117 Ratings
Order entry1.02 Ratings8.016 Ratings
Credit card processing1.02 Ratings10.011 Ratings
Cost of goods sold1.02 Ratings8.015 Ratings
Order Orchestration1.02 Ratings8.05 Ratings
End-to-end order visibility1.02 Ratings00 Ratings
Order exception Resolution1.02 Ratings00 Ratings
Subledger and Financial Process
Comparison of Subledger and Financial Process features of Product A and Product B
Financial Edge
-
Ratings
Microsoft Dynamics 365 Business Central
8.4
11 Ratings
13% above category average
Billing Management00 Ratings8.39 Ratings
Cash and Asset Management00 Ratings9.010 Ratings
Travel & Expense Management00 Ratings7.86 Ratings
Budgetary Control & Encumbrance Accounting00 Ratings8.37 Ratings
Period Close00 Ratings10.010 Ratings
Project Financial Management
Comparison of Project Financial Management features of Product A and Product B
Financial Edge
-
Ratings
Microsoft Dynamics 365 Business Central
8.7
8 Ratings
13% above category average
Budgeting and Forecasting00 Ratings10.08 Ratings
Project Costing00 Ratings10.07 Ratings
Cost Capture00 Ratings10.08 Ratings
Capital Project Management00 Ratings8.05 Ratings
Customer Contract Compliance00 Ratings10.06 Ratings
Project Revenue Recognition00 Ratings8.04 Ratings
Project Execution Management
Comparison of Project Execution Management features of Product A and Product B
Financial Edge
-
Ratings
Microsoft Dynamics 365 Business Central
7.7
4 Ratings
12% above category average
Project Planning and Scheduling00 Ratings8.03 Ratings
Task Insight for Project Managers00 Ratings8.03 Ratings
Project Mobile Functionality00 Ratings8.03 Ratings
Definable Resource Pools00 Ratings7.03 Ratings
Grants Management
Comparison of Grants Management features of Product A and Product B
Financial Edge
-
Ratings
Microsoft Dynamics 365 Business Central
9.7
3 Ratings
25% above category average
Award Lifecycle Management00 Ratings10.03 Ratings
Procurement
Comparison of Procurement features of Product A and Product B
Financial Edge
-
Ratings
Microsoft Dynamics 365 Business Central
8.0
6 Ratings
14% above category average
Bids Analyzed and Compared00 Ratings8.03 Ratings
Contract Authoring00 Ratings8.03 Ratings
Contract Repository00 Ratings7.03 Ratings
Requisitions-to-Purchase Orders Integrated00 Ratings7.55 Ratings
Supplier Management00 Ratings8.03 Ratings
Risk Management
Comparison of Risk Management features of Product A and Product B
Financial Edge
-
Ratings
Microsoft Dynamics 365 Business Central
9.6
3 Ratings
38% above category average
Risk Repository00 Ratings9.32 Ratings
Control Management00 Ratings9.43 Ratings
Control Efficiency Assessments00 Ratings9.32 Ratings
Issue Detection00 Ratings10.03 Ratings
Remediation and Certification00 Ratings9.72 Ratings
Logistics
Comparison of Logistics features of Product A and Product B
Financial Edge
-
Ratings
Microsoft Dynamics 365 Business Central
7.7
3 Ratings
12% above category average
Transportation Planning and Optimization00 Ratings8.02 Ratings
Transportation Execution Management00 Ratings8.02 Ratings
Trade and Customs Management00 Ratings8.02 Ratings
Fulfillment Management00 Ratings7.93 Ratings
Warehouse Workforce Management00 Ratings8.02 Ratings
Manufacturing
Comparison of Manufacturing features of Product A and Product B
Financial Edge
-
Ratings
Microsoft Dynamics 365 Business Central
7.1
3 Ratings
6% below category average
Production Process Design00 Ratings9.02 Ratings
Production Management00 Ratings5.83 Ratings
Configuration Management00 Ratings1.32 Ratings
Work Execution00 Ratings9.02 Ratings
Manufacturing Costs00 Ratings8.63 Ratings
Supply Chain
Comparison of Supply Chain features of Product A and Product B
Financial Edge
-
Ratings
Microsoft Dynamics 365 Business Central
9.5
5 Ratings
27% above category average
Forecasting00 Ratings9.05 Ratings
Inventory Planning00 Ratings10.05 Ratings
Performance Monitoring00 Ratings10.05 Ratings
Product Lifecycle Management
Comparison of Product Lifecycle Management features of Product A and Product B
Financial Edge
-
Ratings
Microsoft Dynamics 365 Business Central
9.3
2 Ratings
25% above category average
Proposal Management00 Ratings9.01 Ratings
Product Master Data Management00 Ratings9.01 Ratings
Best Alternatives
Financial EdgeMicrosoft Dynamics 365 Business Central
Small Businesses
QuickBooks Self-Employed
QuickBooks Self-Employed
Score 9.1 out of 10
Acumatica
Acumatica
Score 8.7 out of 10
Medium-sized Companies
Accounting Seed
Accounting Seed
Score 8.3 out of 10
Infor VISUAL
Infor VISUAL
Score 7.2 out of 10
Enterprises
Oracle Fusion Cloud ERP
Oracle Fusion Cloud ERP
Score 8.1 out of 10
SAP Business ByDesign
SAP Business ByDesign
Score 7.5 out of 10
All AlternativesView all alternativesView all alternatives
User Ratings
Financial EdgeMicrosoft Dynamics 365 Business Central
Likelihood to Recommend
1.1
(10 ratings)
8.0
(21 ratings)
Likelihood to Renew
-
(0 ratings)
10.0
(1 ratings)
Usability
2.0
(1 ratings)
9.0
(3 ratings)
Availability
-
(0 ratings)
8.0
(1 ratings)
Support Rating
1.0
(1 ratings)
10.0
(2 ratings)
User Testimonials
Financial EdgeMicrosoft Dynamics 365 Business Central
Likelihood to Recommend
Blackbaud
  • 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
Microsoft
It addresses well some integration and connectivity issues with other software and adapted technologies: formulation and manufacturing batching software, scanners and bar codes, inventory, financials, emailing of invoices and statement, sales and purchasing... etc. I believe it to be better suited to a medium to large company. Not as simple and seamless as we expected for migrating from another Microsoft Dynamics software product (we moved from GP to NAV). Our staff is going through a tougher time than we thought to learn some procedures. Normal growing pains?!
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Pros
Blackbaud
  • 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
Microsoft
  • Automate the creation of bills of materials for production. We can now generate a BoM from a sales order.
  • Organization of all data pertaining to thousands of parts, assemblies, and finished goods. Engineering and purchasing have a common portal.
  • We can create sales orders from quotations instead of re-entering them (this did require some bolt-on software). Less redundant work with fewer entry errors.
  • Accounting can provide reports based on specific criteria stored in NAV. We can pull better and more detailed intelligence.
Read full review
Cons
Blackbaud
  • 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.
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Microsoft
  • The version of software that we currently use isn't compatible with Windows 7, therefore we had to install it using the virtual computer under Windows XP. This created a few additional steps that the users had to go through in order to access the software which generated more calls to our IT Helpdesk.
  • We did research how much it would cost to upgrade the software so that we could get a version compatible with Windows 7, but the cost was way too expensive for our organization. Also, when we need to make updates or changes to the software, there are very few consultants who are familiar with the software so we are limited in who we can use for consulting services. Since we are limited in choosing consultants who can make updates and changes to the software the fees are usually really expensive for their services.
  • There is a .zup file that we constantly have to delete in order for the database to work properly and update. Users get a pop-up about once a week asking if they want to replace the .zup file and if the file is not deleted then the opening page for the software will not show up correctly and the database will not have the most up to date information.
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Likelihood to Renew
Blackbaud
No answers on this topic
Microsoft
We've already decided to continue using this software. It is too expensive for us to upgrade so we made a workaround by using the virtual computer with Windows XP installed on it. We did research replacing this software, but it was a better financial decision to keep what we had instead
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Usability
Blackbaud
It's user friendly, when it wants to be.
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Microsoft
It has simplified all processes and reduces turnaround time for month end processes. You can easily navigate through the dashboard which is very user friendly and easily guides you to different functionalities. Duplications of Invoices is avoided because NAV rejects posting of an invoice number already in the system so you increase accuracy.
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Support Rating
Blackbaud
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
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Microsoft
It provides one to efficiently be able to manage bookkeeping and inventory without much challenges. One can easily navigate through workflow processes while managing usages and budgets. Being able to produce reports in Word, Excel or PDF means one is able to have a working document to produce trends and graphs or produce pivot tables.
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Alternatives Considered
Blackbaud
Financial Edge is more economical than GuideStar, and more focused on the financial successes than simply the management of funds and general data.
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Microsoft
I have personally supported all of the Dynamic family of ERP systems and made the decision to concentrate on NAV as the solution of choice. From a support and development standpoint there are few if any packages that can compare. It is not uncommon for most of the companies that I support to only call me once or twice a month after the first year. This is due to the ease of tracking down problems and errors and the ability for a developer to provide the end-user with routines that automatically correct the most basic kind of error
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Return on Investment
Blackbaud
  • 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.
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Microsoft
  • Automation processing, including EDI functionality, has increased employee efficiency and prevented the need for adding additional employees.
  • Implementation of the warehouse functionality, including cycle counts, has resulted in better inventory control/less shrinkage.
  • Implementation of e-Ship and e-Receive, has resulted in greater efficiency and order accuracy.
Read full review
ScreenShots