The editors at Solutions Review have compiled a list spotlighting some of the best accounting ERP solutions to help your company equip itself with the financial management and accounting tools it needs.
Accounting is a critical component of nearly every company, and it’s important to equip your team with the tools they need to handle the various financial aspects of your business. These aspects range from payroll, accounts receivable, accounts payable, billing, and many others. While many ERP systems have accounting capabilities built into their platform, it’s not a guarantee.
With that in mind, our editors have compiled the following list to help you find the best accounting ERP system and capabilities your company needs. The list is organized alphabetically since each system offers various functionalities, specialization, price points, and industry focuses.
Description: Accounting Seed provides companies with a complete accrual accounting and ERP platform powered by the Salesforce solution. The platform is designed to track financial data across the business lifecycle, from marketing, sales, project implementations, back-office accounting, and beyond. Features include inventory management, order management, tax accounting, data security, automated billing, financial dashboards, reporting, no-code general ledger, payment managing, and an intuitive user interface. Accounting Seed also connects with other industry-specific solutions to provide users with an integrated, automated accounting solution.
Description: AccountMate develops and markets modifiable business accounting software distributed via a global channel of authorized solution providers. The company offers two versions of its solution—Enterprise and Enterprise Express—so customers can choose the software that best suits the size of their business. However, both offerings include a collection of modules for accounts payable, accounts receivable, bank reconciliation, consolidated ledger, general ledger, inventory control, inventory specification, kitting, lot control, manufacturing, payroll, pricing control, purchase order, sales order, and system management.
Description: Acumatica’s Cloud ERP offering provides a collection of industry-specific solutions for companies in the distribution, retail, manufacturing, construction, service, and general business industries. Alongside its suite of ERP functionalities, Acumatica also offers a financial management solution to help companies streamline their financial efforts across an organization. The company’s real-time, end-to-end ERP solution comes equipped with accounts payable, accounts receivable, currency management, intercompany accounting, payroll management, tax management, deferred revenue accounting, general ledger capabilities, and more.
Description: Adeaca is a Project Business Automation (PBA) platform tailored to the needs of project-driven industries, including engineering, construction, energy, industrial equipment manufacturing, AE&E, contracting, and more. The company’s Project Accounting solution provides users across those industries with the tools they need to accurately recognize revenue and streamline month-end processes. Features include project budgeting, reporting tools, analytics, multiple revenue recognition principles, multi-entity support services, revenue labeling, and month-end support.
Description: Deltek offers a collection of ERP, professional services automation (PSA), business development, project management, information management, human capital management, and small business solutions for companies across various industries. Included among its industry-specific solutions is an ERP system for CPA and accounting firms. This on-premises or cloud-based ERP solution can help users improve utilization, profitability, visibility, and financial planning.
Description: Dolibarr provides small open-source ERP and CRM software solutions for small-to-medium enterprises, larger organizations, freelancers, and foundations. The software equips users with the management tools they need to manage company invoices, contacts, products, orders, projects, stocks, surveys, and more. Companies can also choose which features they want their software to have and set up a platform tailored to their unique needs. Its financial and accounting features include billing, payment, and invoice management, alongside bank reconciliation solutions and a double-entry accounting module for assessing ledgers and balances.
Description: ERP Gold provides B2B and B2C companies across industries with a cloud-based, multichannel, full-stack ERP solution system. The system includes marketing, lead generation, customer relationship management, purchases, payroll, inventory management, order management, and accounting. With ERP Gold’s accounting software, companies can track expenses, generate financial reports, pay bills remotely, segment financial data based on department or other factors, integrate their accounting tools with the rest of the ERP Gold suite, and integrate with a collection of third-party applications.
Description: ERPNext is an open-source DIY ERP solution for companies across the education, healthcare, manufacturing, nonprofit, agriculture, services, and distribution industries. The platform offers a suite of features for various business needs, including human resources, payroll, sales, CRM, project management, content management, and accounting. Its financial and accounting functionalities cover everything from real-time accounting dashboards to multi-currency accounting to sales management to auto-invoices and more.
Description: Exact provides startups, small companies, manufacturers, wholesalers, service providers, and accountants with a suite of financial and business software solutions. These products include functionalities for CRM, human resource management, financials, business management, and an ERP system tailored to manufacturing, wholesale distribution, and project management needs. With the Exact for Finance software, companies can utilize various tools, including financial project administration, e-invoicing, financial dashboards, cash flow insights, risk management, business intelligence, and more.
Description: FinancialForce provides customer-centric ERP, Professional Services Automation (PSA), and Customer Success Operations solutions for telecommunications, business services, health, digital communications, life sciences, and professional services. Its ERP Cloud solution includes a suite of accounting and financial management services. These include a “multi-everything” accounting engine, general ledger tools, fixed assets management, financial reporting, cash processing, automated accounts payable processes, cash management, and more.
Description: Infor is a global provider of cloud software solutions for manufacturing, distribution, consumer products, public sectors, energy, healthcare, hospitality, and service industries. The company’s software can help users take advantage of data-driven insights, adapt to emerging trends and challenges, and accelerate its path to innovation. With Infor Financials & Supply Management, included as part of the Infor ERP product suite, companies will have access to financial calendars, general ledger tools, financial data management, compliance control, reporting tools, and other capabilities to streamline sourcing, procurement, and accounting processes.
Description: Microsoft Dynamics 365 Business Central is a comprehensive business management solution designed to help companies ensure business continuity by connecting sales, service, operations, and finance teams. With the Business Central suite, users will have access to features for sales, marketing, inventory management, purchasing, finance management, supply planning, project management, and more. The platform also offers capabilities tailored to the needs of accountants. These include automated workflows, compliant tools, audit trails, a unified dashboard, and analytics.
Description: Multiview Financial Software provides companies with easy-to-use financial applications built to help its users improve their financial planning and accounting efforts. As an “ERP software built for accountants by accountants,” Multiview comes equipped with core accounting capabilities for accounts payable, accounts receivable, and general ledger, alongside various business insights, automation, and inventory management tools. These include fixed assets management, budgeting, forecasting, document management, multi-sourced data warehouses, and other capabilities to help users improve visibility across company silos.
Description: NetSuite is a global provider of services and software for organizations across industries. Alongside its other products, the NetSuite ERP solution offers various functionalities for supply chain, warehouse, inventory, order, and financial management. Its financial management capabilities can help users gain real-time insights into their financial metrics, automate processes, improve accounting accuracy, ensure compliance, increase efficiencies, and reduce back-office costs. Specific features cover tax management, accounts receivable, cash management, general ledger, payment management, and fixed assets management.
Description: Odoo provides its users with a suite of open-source business management applications, including solutions for CRM, inventory management, point-of-sale, e-commerce, project management, and accounting. The platform’s accounting features include bank synchronization, expense management, electronic invoicing, reconciliation tools, automated invoice creation, customizable statements, and integrations with Odoo’s sales, inventory, expense, and point of sale applications. With various pricing points for different needs, Odoo is an accessible option for growing companies looking for a solution that can scale alongside them.
Description: Oracle Cloud Financials is an Oracle ERP product designed to help companies gain insight into their financial position and profitability. Its capabilities include an accounting hub, reporting, analytics, revenue management, payables, receivables, expense management, collections, automated invoice processing, high-risk accounts management, streamlined audits, joint-venture management, accounting data management, and more. These features can help companies improve their automated processes, make more informed business decisions, and expand their global reach.
Description: ProcessPro is a mid-market ERP software provider working with companies in the process manufacturing industry. The company’s robust ERP solution includes manufacturing, financial, and inventory integrations covering the entire plant operation process, from order entry to inventory, manufacturing, packaging, shipping, and accounting. Those accounting features include general ledger, fixed assets, project costing, accounts payable, accounts receivable, electronic banking, multi-currency management, payroll, and human resources. The financial accounting services are best suited to food and beverage companies, pharmaceuticals, nutraceuticals, cosmetics, chemicals, and personal care.
Description: Ramco is a global provider of enterprise software solutions for aviation, facility management, manufacturing, logistics, energy, and other industries. Its ERP platform includes supply chain management, enterprise asset management, production, project management, and finances. Those finance features are available via the Ramco Finance & Accounting application, a system offering a suite of financial tools for payables, receivables, general accounting, fixed assets, pre-built integrations, and more.
Description: SAP Business One is a single, cost-effective solution tailored to the needs of small businesses across industries. The platform can help managers streamline processes, unlock new insights into their business operations, use real-time data to make smarter decisions, drive profitable growth, and more. Users will also have access to a suite of financial management services to help them improve margins and reduce errors. These services include accounting tools, cash flow management, asset tracking, process reconciliations, financial reporting, fixed asset management, accounts receivable, accounts payable, and more.
Description: Tyler Technologies provides companies in the public sector with end-to-end information management solutions and services. Its ERP solution includes municipal accounting software outfitted with the financial management and accounting tools companies need to manage their data and streamline processes. These tools include automated workflows, citizen-facing financial insights, integrated document management, real-time data management, and accurate reporting dashboards.
Description: WinMan’s ERP software is a scalable business solution tailored to the manufacturing, distribution, pharmaceutical, and supply chain industries. The software includes accounting and finance management modules, which can help companies improve their business with budgeting, forecasting, currency management, cash flow analysis, GL allocations, and fixed assets management. These tools work together to make up a full-featured ERP solution that ensures compliance and streamlines financial processes.
Description: Workday equips medium businesses and larger enterprises with a cloud-based ERP software outfitted with a collection of management solutions for finances, assets, analytics, spending, talent, workforce, and more. The company primarily works within the communications, energy, life sciences, insurance, retail, hospitality, nonprofit, and manufacturing industries. Its accounting and financial management functionalities include accounts payable, accounts receivable, general ledger, fixed assets, cash management, global foundations, accounting data analysis, and financial reporting.