Features
Top Performing Features
Direct deposit files
Direct deposit is the ability to electronically transfer pay to an employee’s personal bank account.
Category average: 7.9
Single sign-on capability
The software system supports a centralized authentication mechanism allowing the user to access multiple systems with a single, centrally managed password.
Category average: 8.5
Role-based user permissions
Permissions to perform actions or access or modify data are assigned to roles, which are then assigned to users, reducing complexity of administration.
Category average: 8.5
Custom reports
Users can create custom reports.
Category average: 7.7
Payroll Management
Provides for pay calculation and benefit plan administration, in addition to managing direct deposit, salary revisions and payroll tracking.
Pay calculation
Pay calculation provides for computation of employee pay with state and federal deductions.
Category average: 8.3
Direct deposit files
Direct deposit is the ability to electronically transfer pay to an employee’s personal bank account.
Category average: 7.9
Customization
This addresses a company’s ability to configure the software to fit its specific use case and workflow.
API for custom integration
An API (application programming interface) provides a standard programming interface for connecting third-party systems to the software for data creation, access, updating and/or deletion.
Category average: 7.7
Plug-ins
A number of third-party plug-ins are available to expand the core functionality of the software.
Category average: 7.5
Security
This component helps a company minimize the security risks by controlling access to the software and its data, and encouraging best practices among users.
Single sign-on capability
The software system supports a centralized authentication mechanism allowing the user to access multiple systems with a single, centrally managed password.
Category average: 8.5
Role-based user permissions
Permissions to perform actions or access or modify data are assigned to roles, which are then assigned to users, reducing complexity of administration.
Category average: 8.5
Reporting & Analytics
Users can report on and analyze usage, performance, ROI, and/or other metrics of success.
Dashboards
Users can create, customize and share dashboards, which provide an overview of the most important metrics.
Category average: 8
Standard reports
The software offers pre-built reports with metrics standard to the category.
Category average: 8.4
Custom reports
Users can create custom reports.
Category average: 7.7
General Ledger and Configurable Accounting
Financial management solution, including capabilities for general ledger and configurable accounting
Accounts payable
This includes the automation and tracking of payment to vendors and suppliers, with features such as payment scheduling, check printing, open purchase order alerts, document management, direct ACH bill payment, and vendor records.
Category average: 8.4
Accounts receivable
This includes the management and automation of invoices and collections, with features like statements, invoices, receipts, payment reminders, customer records, auto billing, and refund checks.
Category average: 8.4
Cash management
The software provides a complete picture of a company’s cash flows, streamlines payment processing, and includes cash forecasting.
Category average: 8.2
Bank reconciliation
The software connects to a company’s financial institutions in order to reconcile accounting records with checking, savings and credit card accounts. Often month and year closing capabilities are included.
Category average: 8.4
Expense management
The software can log and track business expenses and reimbursements, including travel-related expenses, with the ability to tie them to particular projects.
Category average: 8.1
Fixed asset management
This includes the ability to track fixed assets (e.g., laptops), including location, check-in and check-out, maintenance scheduling, audit history, specialized property tax period reports, cost and depreciation.
Category average: 7.4
Electronic tax filing
The software provides a full electronic interface for the filing of repeatable taxes, such as payroll or sales tax.
Category average: 7.9
Self-service portal
The software provides online portals for certain stakeholders to find information relevant to them, such as employees, vendors and customers.
Category average: 7.5
Intercompany Accounting
Automatically balance and reconcile GL for intercompany transactions
Category average: 8.3
Journals and Reconciliations
Automate and synchronize ledgers and processes
Category average: 8.7
Configurable Accounting
Configure accounting rules and segments for each chart of accounts
Category average: 8.1
Centralized Rules Framework
Integrate disparate ERP and transactional systems into single ERP instance
Category average: 7.7
Standardized Processes
Centralize financial management to facilitate standardized financial processes
Category average: 8.2
Order Management
The ability to process orders, and track them from quote to cash.
Pricing
Users can set up complex and unique pricing requirements.
Category average: 8
Order entry
Users can enter an order once, and the data flows to all the necessary units such as fulfillment and billing.
Category average: 8