Plug-ins
A number of third-party plug-ins are available to expand the core functionality of the software.
Cat avg: 7.4
Top Performing Features
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.
Cat avg: 8.5
Standard reports
The software offers pre-built reports with metrics standard to the category.
Cat avg: 8.3
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.
Cat avg: 8.3
Worst Performing Features
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.
Cat avg: 8.5
Dashboards
Users can create, customize and share dashboards, which provide an overview of the most important metrics.
Cat avg: 8
Configurable Accounting
Configure accounting rules and segments for each chart of accounts
Cat avg: 8.1
SoftLedger Features from Reviews
Customization
This addresses a company’s ability to configure the software to fit its specific use case and workflow.
9.1+20%
Plug-ins
A number of third-party plug-ins are available to expand the core functionality of the software.
Category average: 7.4
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.
8.2-3%
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.
8.2+2%
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: 8.3
General Ledger and Configurable Accounting
Financial management solution, including capabilities for general ledger and configurable accounting
8.2+4%
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: 8.3
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: 8.3
Global Financial Support
Account using multiple ledgers, multiple currencies, and multiple entities
Category average: 7.5
Primary and Secondary Ledgers
Record and report across multiple currencies and accounting standards with primary and secondary ledgers
Category average: 7.9
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
Standardized Processes
Centralize financial management to facilitate standardized financial processes
Category average: 8.2
Inventory Management
The ability to track and manage the flow of goods or materials into and out of an inventory.
8.2+19%
Inventory tracking
The software syncs orders and stock to maintain a real-time picture of inventory and supports multiple methods such as LIFO and FIFO.
Category average: 7.5
Automatic reordering
The software can be set up to automatically reorder a good when it falls below a certain threshold.
Category average: 7
Location management
The software can track multiple goods across multiple locations.
Category average: 8
Order Management
The ability to process orders, and track them from quote to cash.
8.4+10%
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
Credit card processing
The software facilitates credit card processing.
Category average: 7.4
Cost of goods sold
The software calculates the direct costs attributable to a finished product, such as materials and labor, and includes roll-up pricing.
Category average: 8
Order Orchestration
Define and execute order fulfillment processes for products as well as services on the same order.
Category average: 7.1
SoftLedger Features from the Vendor
General Ledger and Configurable Accounting
Vendor-reviewedAccounts 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.
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.
Cash management
The software provides a complete picture of a company’s cash flows, streamlines payment processing, and includes cash forecasting.
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.
Multi-currency support
The software supports transactions across multiple currencies.
Multi-division support
The software is flexible and supports bookkeeping practices along multiple dimensions such as locations, branches or products.
Regulations compliance
The software helps users adhere to typical accounting standards and regulations such as IFRS, GASB, or GAAP.
Self-service portal
The software provides online portals for certain stakeholders to find information relevant to them, such as employees, vendors and customers.
Global Financial Support
Account using multiple ledgers, multiple currencies, and multiple entities
Primary and Secondary Ledgers
Record and report across multiple currencies and accounting standards with primary and secondary ledgers
Intercompany Accounting
Automatically balance and reconcile GL for intercompany transactions
Localizations
Meet reporting requirements with country-specific localizations
Journals and Reconciliations
Automate and synchronize ledgers and processes
Enterprise Accounting
Create accounting for disconnected ERP and non-accounting source systems
Configurable Accounting
Configure accounting rules and segments for each chart of accounts
Centralized Rules Framework
Integrate disparate ERP and transactional systems into single ERP instance
Standardized Processes
Centralize financial management to facilitate standardized financial processes
Inventory Management
Vendor-reviewedInventory tracking
The software syncs orders and stock to maintain a real-time picture of inventory and supports multiple methods such as LIFO and FIFO.
Automatic reordering
The software can be set up to automatically reorder a good when it falls below a certain threshold.
Location management
The software can track multiple goods across multiple locations.
Order Management
Vendor-reviewedPricing
Users can set up complex and unique pricing requirements.
Order entry
Users can enter an order once, and the data flows to all the necessary units such as fulfillment and billing.
Credit card processing
The software facilitates credit card processing.
Cost of goods sold
The software calculates the direct costs attributable to a finished product, such as materials and labor, and includes roll-up pricing.
Order Orchestration
Define and execute order fulfillment processes for products as well as services on the same order.
Reporting & Analytics
Vendor-reviewedDashboards
Users can create, customize and share dashboards, which provide an overview of the most important metrics.
Standard reports
The software offers pre-built reports with metrics standard to the category.
Custom reports
Users can create custom reports.
Customization
Vendor-reviewedAPI 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.
Plug-ins
A number of third-party plug-ins are available to expand the core functionality of the software.
Security
Vendor-reviewedRole-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.
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.
Multi-factor authentication
Multi-factor authentication
User-level audit trail
User-level audit trail
Additional Features
Vendor-contributedCrypto Accounting
Crypto Gain/Loss Calculations
Multi-Entity Consolidation
Multi-Currency Revaluation