SoftLedger
About SoftLedger
SoftLedger is your general ledger and a full suite of accounting modules are built in, ready to scale with your business. Plus, the entire platform is programmable via our API. The cloud-based application uses a modular approach that enables users to upgrade the system according to their business requirements. It also helps in managing vendors' pay-cycles, general ledger, fixed assets, journal entries, accounts payable, accounts receivable, and reporting.
SoftLedger’s accounts payable module tracks vendor bills and allows business to ensure that all payments are made in a timely manner. Users can also get insights about expenses by department, which further helps in making realistic financial projections for the remaining time period. An Accounts Receivable module lets accounting professionals send customer invoices after deal closure and automatically creates a collection follow-up schedule for each client.
A General Ledger module of SoftLedger records all financial information in one place and helps accounting teams to close the books in time for review by management. It also enables accountants to enter all transactions that have a financial implication and pulls reports through a single interface. The application’s cash management feature helps users to control organization-wide cash flows by automating the processes of bank feeds as well as cash reconciliations.
SoftLedger offers financial reporting capabilities that allow users to pull reports by using multiple dimensions including locations, products, cost centers, business units, and others. The solution also ensures that all the user actions are documented and the businesses are always SOX compliant. SoftLedger provides APIs that help organizations to integrate the tool with other third-party applications.
Pricing starting from:
Not provided by vendor
- Free Version
- Free Trial
- Subscription
Key benefits of SoftLedger
• SoftLedger helps businesses streamline accounting processes into controlled workflows that reduce manual efforts needed for budgeting and provides employees more time to analyze performance results.
• The solution enables management teams to make strategic decisions by providing consistent, actionable, and consolidated financial information.
• SoftLedger helps businesses run international as well as domestic operations by providing multi-currency support and consolidated accounting reports that provide information on gains and losses of all entities in real-time.
• The solution’s workflow approvals feature allows executives to control expenses and view detailed information about each vendor bill.
• SoftLedger connects directly with multiple banks across the globe and provides cash flow details in real time.
Typical Customers
- Freelancers
- Small Businesses (2-50)
- Mid-size Companies (51-500)
- Large enterprises (500 and more)
Deployment
- Cloud-based
- On-premise
Supported Languages
English
Pricing starting from:
Not provided by vendor
- Free Version
- Free Trial
- Subscription
Images
Features
Total features of SoftLedger: 49
Alternatives
NetSuite
Sage Intacct
Xero
Zoho Books
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15 Reviews for UK Users
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- Used Daily for 6-12 months
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- Value for Money
- Ease of Use
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- Likelihood to recommend 10.0 /10
Fast, easy to operate and to manager! It is absolutely affordable and reliable!
Reviewed on 09/07/2018
SoftLedger letted us make our Financial Consolidations of our multiples Financial Statements. There...
SoftLedger letted us make our Financial Consolidations of our multiples Financial Statements. There we can review our numbers updated in any place of the world. SoftLedger has interface with our Bank Accounts and help us to do the accounting releases easily.
Pros
SoftLedger is the best system that we found in the market. It allowed us to work with many accounting models of many corporations in a variety of countries. It is easy to generate reports and consolidate the financial accountings perfectly. It is simple to access and to operate. It is flexible and absolutely free to create a tailor made accounting.
Cons
It is not a multi-currency system. Rarely it is slow! But it happens. I cannot assure if it is SoftLedger or my internet access.
Response from SoftLedger
Thanks Ronaldo! We greatly appreciate the feedback.
Ben
- Industry: Oil & Energy
- Company size: 10,000+ Employees
- Used Daily for 1+ year
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- Likelihood to recommend 10.0 /10
Easy to use, no frills software for managing procurement, accounting, and inventory management.
Reviewed on 16/03/2021
Very satisfied. We spend significantly less time operating in Soft Ledger than our previous systems...
Very satisfied. We spend significantly less time operating in Soft Ledger than our previous systems because they're so much easier to use. Especially with Procurement and Inventory Mgt, this frees up time for our team to focus actually on contracting, cash flow, logistics, inventory mgt, etc., instead of spending hours in our system just to create PO's or inventory.
Pros
How easy it is to use. It took us less than 5% the time understand and implement Soft Ledger than it took us to implement and train for SAP and Microsoft AX. We also love how it is customizable and doesn't have the barriers that other softwares had. With SAP/Microsoft AX, we had to adjust our procurement policies and procedures just to fit in with their systems. With Soft Ledger we were able to very easily customize it so that we could maximize efficiency.
Cons
Nothing. Is is very easy to use and can be as simple or as heavy of a tool as the user would like it to be.
Reasons for Choosing SoftLedger
Our division became an independent subsidiary of our much larger parent company and we decided we needed a system that worked for us instead of a system that has to work in the confines of our parent company. Prior to becoming a subsidiary and switching to Soft Ledger, we were forced to use a system that was slow, very difficult to customize, couldn't be used on Macs (which created problems for some of our teams), and was clearly not meant for our industry (batteries / energy storage). We wanted something that we could customize for ourselves, would be easy to use, wouldn't require exhaustive training, could be used on Macs, and didn't have the enormous investment costs you have with other systems just to get them set up to try out.Reasons for Switching to SoftLedger
- Industry: Accounting
- Company size: 2–10 Employees
- Used Weekly for 1-5 months
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- Likelihood to recommend 0.0 /10
Good features and works smoothly, but not worth the cost
Reviewed on 10/06/2022
Meh... Using Xero or Quickbooks is a much better investment with their add ons and capability. ...
Meh... Using Xero or Quickbooks is a much better investment with their add ons and capability. When I chatted with a sales rep they made a big deal about how they were different than QBO or Xero, but it wasn't that big of a deal.
Pros
The cryptocurrency cost basis tracking is great.
Cons
They don't have many apps that will sync with this. Their pricing doesn't make sense... 5 organization and only 3 users?? It's like the hotdog-bun scenario. The cost for extra users is ridiculous and you HAVE to purchase 5 organization.
Alternatives Considered
XeroReasons for Switching to SoftLedger
- Industry: Information Technology & Services
- Company size: 2–10 Employees
- Used Daily for 6-12 months
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- Likelihood to recommend 10.0 /10
Great accounting package for a small, global business.
Reviewed on 19/03/2021
Really positive experience. It took me about 6 weeks to have the platform up and running from our...
Really positive experience. It took me about 6 weeks to have the platform up and running from our old accounting system just in time for our first half year report.
Pros
The ability to easily convert fx transaction and consolidate across various entities. Also journal entry upload with excel was super easy.
Cons
The AP and AR reports are really bare. More flexibility in report building would be much better.
Reasons for Choosing SoftLedger
PriceReasons for Switching to SoftLedger
- Industry: Consumer Goods
- Company size: 11–50 Employees
- Used Daily for 1+ year
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- Likelihood to recommend 10.0 /10
Great Product- Better Service
Reviewed on 17/03/2021
Overall experience with SoftLedger has been fantastic. It has so many capabilities and when you...
Overall experience with SoftLedger has been fantastic. It has so many capabilities and when you need to address an issue with the team or something adjusted they are always in touch almost immediately.
Pros
The product is fantastic, however, the best part is how communicative the team is. When I have a question, issue, or suggestion they are in contact almost immediately.
Cons
This might be a feature that I don't know but ability to clone products or different docs.
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SoftLedger FAQs
Below are some frequently asked questions for SoftLedger.Q. What type of pricing plans does SoftLedger offer?
SoftLedger offers the following pricing plans:
- Free Trial: Not Available
Q. Who are the typical users of SoftLedger?
SoftLedger has the following typical customers:
2–10, 11–50, 51–200, 201–500
Q. What languages does SoftLedger support?
SoftLedger supports the following languages:
English
Q. Does SoftLedger support mobile devices?
SoftLedger supports the following devices:
Q. What other apps does SoftLedger integrate with?
SoftLedger integrates with the following applications:
Approveit, Cratoflow, Expensify, Plaid, Stripe, WorkOS
Q. What level of support does SoftLedger offer?
SoftLedger offers the following support options:
Email/Help Desk, FAQs/Forum, Knowledge Base, Phone Support, 24/7 (Live rep), Chat
Related categories
See all software categories found for SoftLedger.
Accounting Software