SoftLedger is a cloud-based accounting solution for small to midsize businesses. Key features include accounts payable and receivable, general ledger, financial reporting, consolidation reporting and inventory management.
SoftLedger is able to automate billing and collections by syncing accounting and operations. Users can track vendor billing and gain insight into how expenses match up to budgets. The solution also supports usage-based billing and offers general ledger functionality. Financial reporting is driven directly from the financial system of record to provide real-time data.
SoftLedger is able to directly connect with banks and provide detailed information on cash flow. As transactions are recorded for various business segments, the related journal entries instantly roll into financial statements. The system can automate sub ledgers, accept payments from customers and pay vendors in the best available method, book foreign currency exchange gains and losses and report on every entity in real time.
Khaled from Medely
Quickbooks was working ok for us for awhile and when we started looking into better financial reporting solutions, it initially seemed like we didn't have other options. SoftLedger is exactly what we needed. We're very pleased with our decision to upgrade.
Previously the automated bank feed didn't support our local bank, but that was resolved quickly after we put in the request.
Gaurav from Involvesoft
Our processes are much less manual and our investors are happy. Definitely recommend!
SoftLedger has allowed us to move off of Quickbooks/Excel and streamline our accounting process. We now spend significantly less time closing the books each month and have better reports to provide investors.
There was a two week transition period to get up and running, but I think it'd be at least that long with any of our options.
Matt from Mattersight
My focus is primarily on our company's forecasting process. SoftLedger's robust functionality has significantly improved our ability to provide variance analysis and key metrics to senior leadership on a timely basis.
At this point I do not have any negative feedback for this product. Great design and ease of use has led to acceptance from the entire team.