All SoftLedger Reviews
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Ronaldo
Verified reviewer
Used daily for less than 12 months
OVERALL RATING:
5
EASE OF USE
5
VALUE FOR MONEY
5
CUSTOMER SUPPORT
5
FUNCTIONALITY
5
Reviewed July 2018
Fast, easy to operate and to manager! It is absolutely affordable and reliable!
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.
PROSSoftLedger 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.
CONSIt is not a multi-currency system. Rarely it is slow! But it happens. I cannot assure if it is SoftLedger or my internet access.
Vendor Response
Thanks Ronaldo! We greatly appreciate the feedback. Ben
Replied July 2019
Matthew
Oil & Energy, 10,000+ employees
Used daily for less than 2 years
OVERALL RATING:
5
EASE OF USE
5
VALUE FOR MONEY
5
CUSTOMER SUPPORT
5
FUNCTIONALITY
5
Reviewed March 2021
Easy to use, no frills software for managing procurement, accounting, and inventory management.
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.
PROSHow 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.
CONSNothing. 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.
Reason for choosing SoftLedger
The Soft Ledger team knew we were looking at more expensive products. They convinced us that we should give them a try first since it would be low cost and easy to implement, while the other softwares would have taken months to implement and train with and would have had large investment cots. Within the first few weeks of using Soft Ledger, it was clear that we did not need to consider any other software for procurement, accounting, and inventory management.
Reasons for switching to 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.
Anonymous
2-10 employees
Used weekly for less than 6 months
OVERALL RATING:
4
EASE OF USE
4
VALUE FOR MONEY
1
CUSTOMER SUPPORT
3
FUNCTIONALITY
3
Reviewed June 2022
Good features and works smoothly, but not worth the cost
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.
PROSThe cryptocurrency cost basis tracking is great.
CONSThey 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.
Reason for choosing SoftLedger
I thought the sales people had more up their sleeve... nope... it was just a GL software and has Crypto capabilities.
Steven
Information Technology and Services, 2-10 employees
Used daily for less than 12 months
OVERALL RATING:
4
EASE OF USE
4
VALUE FOR MONEY
5
CUSTOMER SUPPORT
5
FUNCTIONALITY
4
Reviewed March 2021
Great accounting package for a small, global business.
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.
PROSThe ability to easily convert fx transaction and consolidate across various entities. Also journal entry upload with excel was super easy.
CONSThe AP and AR reports are really bare. More flexibility in report building would be much better.
Reason for choosing SoftLedger
Simple and intuitive. The sales and pre-sales engagement was also really good.
Reasons for switching to SoftLedger
Price
Anthony
Financial Services, 2-10 employees
Used daily for less than 2 years
OVERALL RATING:
5
EASE OF USE
5
CUSTOMER SUPPORT
5
FUNCTIONALITY
4
Reviewed March 2021
Very User Friendly Accounting Software with amazing Customer Support team
The Softledger accounting system is extremely user-friendly. For users switching from one accounting system to Softledger, the bulk upload function allows for large batches of entries to be posted. In addition, there were several times where our team ran into user issues while learning the system. The customer support team is always available and very helpful for a variety of issues. The team is even available for calls to discuss broader issues and assist with planning the scope and use of the accounting system.
CONSThe one feature that proved cumbersome is the opening and closing of accounting periods. If you need to go back to prior periods for adjusting entries, you have to manually open each module (6 in each month) for each month and then manually reclose each as well. There is no capability to open a full year at once. Also, you can only post journal entries at most 100 at a time. For bulk uploads with thousands of entries, this makes it very time consuming to manually click each group of entries to post.
David
Verified reviewer
Accounting, 2-10 employees
Used daily for less than 12 months
OVERALL RATING:
4
EASE OF USE
4
VALUE FOR MONEY
5
CUSTOMER SUPPORT
5
FUNCTIONALITY
4
Reviewed July 2019
Cryptocurrency ERP Solution
Costing and translating Cryptocurrency activity and trades
PROSAutomated Cryptocurrency Costing from major exchanges.
CONSThe cyrptocurrency costing module is limited to one currency
Vendor Response
Thanks for your feedback! We're always looking to add more features. While we do handle all cryptocurrencies, we'll consider whether or not we can add multiple fiat costing and reporting currencies per account as well. Ben
Replied July 2019
Christopher
Consumer Goods, 11-50 employees
Used daily for less than 2 years
OVERALL RATING:
5
EASE OF USE
5
VALUE FOR MONEY
5
CUSTOMER SUPPORT
5
FUNCTIONALITY
5
Reviewed March 2021
Great Product- Better Service
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.
PROSThe 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.
CONSThis might be a feature that I don't know but ability to clone products or different docs.
Anthony
Financial Services, 1 employee
Used weekly for less than 12 months
OVERALL RATING:
5
EASE OF USE
5
FUNCTIONALITY
4
Reviewed August 2019
Review for Crypto trading entries
The ease of use and the way that pricing information is ported into the system, it allows me to easily enter my trades as they occur.
CONSIt would be better if you could run reports for tax purposes. I remember doing my taxes from last year, I could not just run a gain/loss report. I had to to calculated the gain and loss and the overall cost basis myself. It would be better if this was automated. Also in trading, your fees are not a write-off, but instead they are added to your cost basis. This would be a helpful feature to add for traders, because I just eat those costs now because it is too time consuming to add the fees to my basis manually
Anonymous
11-50 employees
Used daily for less than 6 months
OVERALL RATING:
5
EASE OF USE
5
CUSTOMER SUPPORT
5
FUNCTIONALITY
4
Reviewed March 2021
Softledger - One of the most flexible ledgers I have used
The team at Softldger are really engaging and very supportive. Any queries/questions are turned around so quickly and the easy access to them is very appreciated
PROSIt is easy to navigate and use and is one of the most flexible general ledgers I have ever used. I love the report functionality which allows me to customise reports.
CONSThere are currently some features not available that would be super useful, such as allocation of costs across cost centers and automated depreciation calculations/postings
Reasons for switching to SoftLedger
Quikbooks was not fit for our business model
Lindsay
Financial Services, 2-10 employees
Used weekly for less than 2 years
OVERALL RATING:
5
EASE OF USE
4
VALUE FOR MONEY
5
CUSTOMER SUPPORT
5
FUNCTIONALITY
5
Reviewed March 2021
Great software for the cost
The customer service is also the best, anytime I have a quesitons Travis and the team answer me right away.
PROSSoftLedger allows us to consolidate our many different businesses to see our global picture. It is a great software for a family office. It is also simple to use and a great price!
CONSTakes a few weeks to get used to the new system but it is very easy to navigate.
Bob
Oil & Energy, 51-200 employees
Used daily for less than 12 months
OVERALL RATING:
4
EASE OF USE
4
VALUE FOR MONEY
5
CUSTOMER SUPPORT
4
FUNCTIONALITY
5
Reviewed March 2021
Cloud Solution
Once down the learning curve, the benefits from the use of this product became very evident to all personnel involved.
PROSWe needed an accounting package that existed on the cloud and was accessible by various company personnel across the state with read only access. Conversion was relatively easy and the support staff of SoftLedger were there to help.
CONSThere was a learning curve factor in our use of the product because it was different than the old system we migrated from.
Veronica
Management Consulting, 2-10 employees
Used weekly for less than 6 months
OVERALL RATING:
5
EASE OF USE
5
VALUE FOR MONEY
5
CUSTOMER SUPPORT
5
FUNCTIONALITY
5
Reviewed October 2018
SoftLedger - The Future Is Here!
SoftLedger is an amazing financial management platform. It's been a long time coming that the financial industry has been needing such an amazing product built for our current times. From real estate to cryptocurrencies, processes for accounting and managing assets are covered by SoftLedger!
CONSIt can be a bit overwhelming at first to work with such a powerhouse. But this feeling quickly fades with familiarity of the platform growing quickly on you! Extremely happy with the overall performance of SoftLedger!
Vendor Response
Thanks Veronica!
Replied July 2019
Gaurav
Used weekly for less than 6 months
OVERALL RATING:
5
EASE OF USE
5
VALUE FOR MONEY
5
CUSTOMER SUPPORT
5
FUNCTIONALITY
5
Reviewed May 2017
Great accounting software!
Our processes are much less manual and our investors are happy. Definitely recommend!
PROSSoftLedger 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.
CONSThere 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.
Khaled
Used weekly for less than 6 months
OVERALL RATING:
5
EASE OF USE
5
VALUE FOR MONEY
5
CUSTOMER SUPPORT
5
FUNCTIONALITY
5
Reviewed June 2017
Robust accounting software for a great price!
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.
CONSPreviously the automated bank feed didn't support our local bank, but that was resolved quickly after we put in the request.
Matt
Used less than 6 months
OVERALL RATING:
5
EASE OF USE
5
VALUE FOR MONEY
5
CUSTOMER SUPPORT
5
FUNCTIONALITY
5
Reviewed April 2017
Well-designed product, allows for efficient transition between historical and prospective analysis.
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.
CONSAt 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.