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Where can I find online accounting software reviews, comparisons, info etc?

William Robertson's Profile

Online Accounting Software ReviewsOur interim CFO is recommending we look at Financial Force, Netsuite and Intacct. Right now, we're on QuickBooks. Would like to improve my own knowledge and take the deep dive into reviews and whatever else I can discover. We're definitely agreed on cloud vs hosted in-house, but that's about all we're solid on at this point. If it matters, we're in the business services industry.

Answers

Ted Monohon
Title: VP -Finance / Controller
Company: Fantex
(VP -Finance / Controller, Fantex) |

If you haven't had the demos presented yet, you should get that first. All 3 of those solutions will work in the right situations. You need to define your requirements and then hammer the vendor on your needs/requirements (and you will want to spend a fair amount of time on that task).

You will also want to talk with actual customers using those solutions. Some of the customers are obviously hand picked by the vendor, but you can get a lot of good information from them if you interview them correctly. Also, the biggest issue isn't usually the software but the SUPPORT for the software/SaaS solution. If you have a lousy conversion / support team it won't matter how good the actual software is.

good luck

Sarah Jackson
Title: Associate Editor
Company: Proformative
(Associate Editor, Proformative) |

Good points, Ted & Patrick.

William, we also have great resources in our new Marketplace section, including but not limited to:

Many informative reviews of Intacct products

Netsuites presentation"So Long Spreadsheets & QuickBooks"

And, a free white paper: "Have you outgrown your accounting system?"

Look around our Marketplace and you'll find more on these companies and much more. That should be of help.

Best... Sarah

Topic Expert
Patrick Dunne
Title: Chief Financial Officer
Company: Milk Source
(Chief Financial Officer, Milk Source) |

Have you checked out the reviews on Proformative? Go to the home page and go to the Marketplace and find product.s

Topic Expert
Jaime Campbell
Title: Chief Financial Officer
Company: Tier One Services, LLC
(Chief Financial Officer, Tier One Services, LLC) |

The right accounting system is essential for a smoothly functioning accounting department and ultimately the quality and speed of results to the decision-makers.

The costs of transition may be significant, including the financial cost, the downtime, and the errors made during the learning process.

I have too often seen companies spend many thousands on new accounting software because they thought QuickBooks could no longer serve their needs, when all they needed was some training about the capabilities of QuickBooks, an upgrade to Premier or the Enterprise Edition, or faster machines.

QuickBooks can do a great deal more than many people know. I encourage the department to consider that before making a transition.

Please feel free to contact me privately to arrange a conversation and I will be happy to offer insights in this regard.

Jaime

Topic Expert
Wayne Spivak
Title: President & CFO
Company: SBAConsulting.com
LinkedIn Profile
(President & CFO, SBAConsulting.com) |

Jamie is correct. But also it requires the proper research, alignment, planning, testing and execution.

Even if you picked the best system (whatever that means) if your team alignment is off, execution is off, you've done little or no planning and testing you will have a disaster.

Having implemented accounting systems for 15 years I've seen more than my fair share.

On additional point. Whatever level of pain a consultant may tell a client they will incur during conversion, take the log of it. Conversions, even in a utopian world are difficult and fraught with problems.

Christine Colangelo
Title: Accounting Director
Company: Cranfill Sumner & Hartzog LLP
(Accounting Director, Cranfill Sumner & Hartzog LLP) |

try www.technologyevaluation.com

Joshua Hurni
Title: Account Exec
Company: AMS
LinkedIn Profile
(Account Exec, AMS) |

You can review product info at this website http://findaccountingsoftware.com/directory/sap/business-bydesign/

I clicked on SAP ByDesign and if you look to the side you will see competitive products as well.

You may want to look at ByDesign since you are looking at cloud solutions. It competes directly with the other 3 you mentioned.

You can find out more here http://www.accountingmicro.com/products/sap-business-bydesign/is-sap-bydesign-right-for-you.html

Topic Expert
Bob Stenz
Title: Controller
Company: Silicon Valley start-up
(Controller, Silicon Valley start-up) |

In my experience, I've come to expect NetSuite to cost up to 12X the cost of QB Enterprise and Intacct to be about 20%-30% less in cost than NetSuite. I found support for QB Enterprise and NetSuite both to be very good. I agree with Jamie that QB Enterprise does a lot and can probably be used in some companies using say NetSuite (not using its CRM), unfortunately, it is not in the cloud and does not have CRM like NetSuite.

Topic Expert
Len Green
Title: Performance Improvement Consultant and E..
Company: Haygarth Consulting LLC
LinkedIn Profile
(Performance Improvement Consultant and ERP Strategist, Haygarth Consulting LLC) |

William, while your cloud/SaaS strategy is clear, make sure you start with evaluating the functionality of the software. Your company's likely business model in the next few years (will it include multi-organization, foreign subsidiaries, foreign currency, consolidation, etc.) and your corporate strategy should drive your key functional requirements.

You say you are in "business services"-does that imply you need more than just an accounting solution, do you need a PSA (professional services automation) suite that integrates with back office accounting?

it's not clear how big your organization is, so your initial list of vendors could range from QB to Intacct to Financial Force, NetSuite, SAP By Design, Acumatica. Some of these vendors price differently if you are multi-company, so get some target pricing and compare that to your budget early on.

William Robertson
Title: Founder
Company: WLMR5 LLC
(Founder, WLMR5 LLC) |

Thanks to everybody for the help and insight. I really appreciate it.

Lynne Taylor
Title: Principal
Company: Cloud Accounting Services for Enterprise..
(Principal, Cloud Accounting Services for Enterprises (CASE)) |

If the company uses Salesforce, here is a review of FinancialForce the company I worked at for the last two years just did on TrustRadius: https://www.trustradius.com/reviews/financialforce-accounting-2013-05-12-22-10-44.

There is also a matrix comparison of FinancialForce features we did because we were tired of trying to find something like it that doesn't exist! http://cloudaccountings4e.com/services/

Topic Expert
Edward Abbati
Title: Vice President of Finance
Company: Location Labs
LinkedIn Profile
(Vice President of Finance, Location Labs) |

Here is some helpful information

http://www.accountingsoftwaresuccess.com/about-accounting-software-solutions/

http://www.infotivity.com/accounting-software-gen.html

John Kogan
Title: CEO/CFO
Company: Proformative, Inc.
(CEO/CFO, Proformative, Inc.) |

And if you haven't yet checked it out, we have reviews right here on Proformative in our B2B Directory https://www.proformative.com/b2b-directory. We have a lot of reviews of both NetSuite and Intacct. All of our reviews are vetted by hand to ensure they are from finance, accounting and related practitioners only.

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