Overview
Unit 4 Financials Meets Most of Our Needs
Awards
Products that are considered exceptional by their customers based on a variety of criteria win TrustRadius awards. Learn more about the types of TrustRadius awards to make the best purchase decision. More about TrustRadius Awards
Pricing
Entry-level set up fee?
- No setup fee
Offerings
- Free Trial
- Free/Freemium Version
- Premium Consulting/Integration Services
Would you like us to let the vendor know that you want pricing?
Alternatives Pricing
What is Acumatica?
Acumatica delivers a set of cloud-based business software applications with dashboards, reporting tools, integrated document management, centralized security, and customization tools.
What is QuickBooks Desktop Enterprise?
QuickBooks Desktop Enterprise is a widely-used accounting package designed for small to mid-sized businesses. It is the top of the QuickBooks line. Pricing starts at $3,000 for five users, and goes up depending on the number of additional users. They also offer an Advanced Inventory module for $999…
Product Demos
Homepage - Ep2 Unit4 Financials feature Spotlight Series
Product Details
- About
- Tech Details
What is Unit4 Financials?
Unit4 Financials Technical Details
Operating Systems | Unspecified |
---|---|
Mobile Application | No |
Comparisons
Compare with
Reviews and Ratings
(4)Community Insights
- Business Problems Solved
- Pros
- Cons
- Recommendations
Unit4 Financials is a flexible and comprehensive ERP system that addresses various financial needs. Users have found it to be a suitable solution compared to other systems, particularly in expense location allocations. The software allows for effective management of financial demands, including the development of reports and sustainable budgeting plans. This has resulted in improved order and profitability. With its consolidated financial system, Unit4 Financials centralizes all necessary information, making it easily accessible to the appropriate individuals. The software has proven to significantly enhance efficiency, timeliness, and accuracy in handling workload and processing travel expenses.
Over the course of 24 years, users have expressed long-term satisfaction with Unit4 Financials. Its implementation has brought efficiencies to the financial reporting process, streamlining tasks and improving overall productivity. Furthermore, it serves as a cost-effective solution for collating accurate data from various software sources. The handling of multiple currencies and currency revaluation simplifies the setup of international businesses and enables the use of a single core financial tool for the entire organization. Additionally, the customizable nature of the tool allows for exceptions and special processing rules without requiring system changes.
By implementing Unit4 Financials, companies have significantly reduced the time spent on preparing financial statements and processing expense allocations, resulting in substantial time savings. AP Specialists utilize the software for invoice processing while support personnel have automated manual processes and reduced time-consuming tasks, thereby improving finance operations. Although not directly involved in its use, Unit4 Financials provides cost analytics and easy data gathering for the operations side of the business. It is also used for monthly financial reporting, enabling the creation of reports with relevant information in a suitable format.
Users appreciate Unit4 Financials' potential for further efficiency gains and express a desire to learn more about its functions and build custom reports. Overall, the user experiences with Unit4 Financials showcase its capabilities in providing a flexible and comprehensive financial management solution that addresses multiple needs in an efficient and cost-effective manner.
User-Friendly and Quick to Learn: Many users have found Unit4 Financials to be user-friendly and quick to learn, with a simple installation process. Several reviewers have appreciated the software's intuitive interface and easy navigation, making it accessible for both new and experienced users.
Robust Capabilities for Managing International Financials: Reviewers have highlighted the robust capabilities of Unit4 Financials for managing international financials. They have emphasized that technical expertise is not required to use the software effectively, allowing users from various backgrounds to efficiently handle recording, ledgers, books of accounts, and reporting in a smooth manner.
Customization Options Tailored to Specific Needs: The customization options available in Unit4 Financials have been highly praised by users. Customers are able to tailor the application according to their specific needs, allowing for more efficient and personalized work. This flexibility has been especially beneficial for small businesses as it enables easy filtering of relevant information.
Abysmal Customer Service: Several users have expressed their frustration with the abysmal customer service provided by Unit4 Financials. They have reported delays of up to 2 months in getting a response and difficulties in getting any kind of support from the company.
Complexity and Requirement for Financial Knowledge: Many users have found Unit4 Financials to be complex and require extensive knowledge of the tool, particularly for those without a financial background. This can be discouraging for users who are not familiar with financial processes and may lead to inefficiency and wasted resources.
Difficult Navigation and Lack of Intuitiveness: Users have highlighted the difficulty in navigating through the menus and submenus of Unit4 Financials. The options are often nested under multiple click-throughs, making it hard to find what they need quickly. Some features are also not initially intuitive, requiring training or trial-and-error to understand fully.
Users recommend having a strong technical team in place to ensure that Unit4 Financials is intuitive and easy to use for end-users. They emphasize the importance of existing Standard Operating Procedures (SOPs) for a successful product launch. Users also recommend Unit4 Financials for its standard, logical, and organized solutions for accounting purposes. They appreciate how the system takes budgeting and managerial operations seriously. Additionally, users mention that while the system works well, there are many menus and sub-reports, which requires some learning to understand the location of various features. Finally, users suggest taking a look at CODA as a new financial software solution and suggest reading to understand its capabilities for businesses. They consider CODA to be a solid product based on their understanding of it. Overall, users advise clearly identifying the scope of projects when using these financial software solutions.
Reviews
(1-1 of 1)Unit 4 Financials Meets Most of Our Needs
- It is easy to move around in if set up properly.
- You can changes background colors to your choice.
- It is customizable (you can create home pages specific to the user).
- There is a lot of "building" when first starting up with the software.
- Some of the data you cannot pull unless you have sequel knowledge, although capabilities are getting better.
- There is not a good operating statement report option.
- Accounts payable
- 90%9.0
- Accounts receivable
- 90%9.0
- Cash management
- 80%8.0
- Bank reconciliation
- N/AN/A
- Expense management
- 80%8.0
- Time tracking
- N/AN/A
- Fixed asset management
- N/AN/A
- Multi-currency support
- N/AN/A
- Multi-division support
- 80%8.0
- Regulations compliance
- N/AN/A
- Electronic tax filing
- N/AN/A
- Self-service portal
- N/AN/A
- Global Financial Support
- N/AN/A
- Primary and Secondary Ledgers
- N/AN/A
- Intercompany Accounting
- 70%7.0
- Localizations
- N/AN/A
- Journals and Reconciliations
- 80%8.0
- Enterprise Accounting
- N/AN/A
- Configurable Accounting
- N/AN/A
- Centralized Rules Framework
- N/AN/A
- Standardized Processes
- 80%8.0
- Inventory tracking
- 80%8.0
- Automatic reordering
- N/AN/A
- Location management
- N/AN/A
- Manufacturing module
- N/AN/A
- Pricing
- N/AN/A
- Order entry
- N/AN/A
- Credit card processing
- N/AN/A
- Cost of goods sold
- N/AN/A
- Order Orchestration
- N/AN/A
- End-to-end order visibility
- N/AN/A
- Order exception Resolution
- N/AN/A
- Pay calculation
- N/AN/A
- Benefit plan administration
- N/AN/A
- Direct deposit files
- N/AN/A
- Salary revision and increment management
- N/AN/A
- Reimbursement management
- N/AN/A
- Dashboards
- 10%1.0
- Standard reports
- 70%7.0
- Custom reports
- 80%8.0
- API for custom integration
- N/AN/A
- Plug-ins
- N/AN/A
- Role-based user permissions
- 90%9.0
- Single sign-on capability
- 90%9.0
- Because of the lack of operating statement reports, we've had to spend additional funds to use another system.
- It does show data in real time, so no waiting for batches to update overnight.
- You can do a lot of customizing to meet your own needs.