Whether you're picking your first finance management software tool or want to switch from the one you already use, this article will give an overview of the best-in-breed—accounting software, payroll software, and ERPs. Some for SMBs, some for enterprises, and some for specific industries and geolocations.
Every tool is excellent for certain purposes.
For those of you who need to connect your finance management software with a business intelligence (BI) tool or a data warehouse, we've listed whether our data integration platform Dataddo offers pre-built connectors for each software.
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Sage is primarily a financial accounting vendor focused on SMBs, although they supply software for enterprises as well. Though they serve many products under the Sage umbrella, their basic accounting software offers everything a simple business needs to manage its accounting—from Payroll and invoicing, to tax compliance and forecasting. One software to do it all.
Pros
Cons
Pricing: Reasonable, but add-ons (e.g., multi-currency support) can make the software significantly more expensive.
Dataddo Connector: YES
If you need any proof of Gusto’s impact, it was recognized by TechRadar editors as one of the most dependable payroll solutions for small businesses in 2024.
The platform has specific and comprehensive features, including time-off management, contractor payments, automatic payroll tax processing, and visual org charts. It makes the most complicated parts of managing business finance straightforward, which is exactly what we'd expect from any financial management software claiming comprehensiveness.
Pros
Cons
Pricing: Gusto's pricing starts off reasonable, but per-employee pricing and add-ons for benefits, time tracking, and other HR tools can make the platform expensive for larger teams or businesses with complex functionality requirements.
Dataddo Connector: YES
QuickBooks deserves some special recognition, not only because they pioneered the "real paper form" look in accounting software, but because their software is particularly easy to use, which makes it a good fit for non-accountants and owners of very small businesses.
Despite its ease of use, it supports a broad range of processes: invoicing, expense tracking, payroll, inventory management, tax preparation, financial reporting, and more.
Pros
Cons
Pricing: Generally more scalable than that of Gusto or Sage. While add-ons like payroll or advanced features can increase costs, the standard platform functionality is sufficient for many small and medium-sized organizations without needing heavy customization
Dataddo Connector: YES
Oracle NetSuite is a comprehensive enterprise resource planning (ERP) solution designed to manage financial and operational processes for medium to large businesses. It covers a wide range of business functions, including accounting, inventory management, customer relationship management (CRM), human resources (HR), and e-commerce.
Its ability to unify data from various departments, together with its high customizability, make it an all-in-one management system. Its complexity makes overkill for many smaller businesses.
Pros
Cons
Pricing: Online information about Netsuite pricing is highly various, indicating a complex pricing scheme. Pricing is most certainly premium.
Dataddo Connector: YES
Xero is a cloud-based platform designed to help run accounts primarily for small businesses. Currently, it has over 4.2 million users.
Xero offers access to real-time financial data on multiple devices, making it particularly advantageous for business owners on the go. The platform integrates natively with a large library of third-party apps, offering customization and scalability to meet evolving business needs.
Pros
Cons
Pricing: As with many of the tools listed here, the pricing starts off friendly, but might become less favorable for larger teams with complex needs.
Dataddo Connector: YES
Exact Online distinguishes itself in a couple of ways.
First, it tailors to sectors such as manufacturing, wholesale distribution, and professional services. It offers deep features for inventory management, production planning, and project management, but at the cost of other standard features or customizability that you find in larger ERP systems like NetSuite.
Second, Exact Online is popular in Europe, especially in the Benelux countries, where it provides strong support for compliance with local tax regulations and multi-currency transactions. If your audience includes businesses operating in Europe, Exact Online may be a good option.
Pros
Cons
Pricing: Many businesses will find the pricing reasonable, but it may be a little higher than some of the other tools in this list due to its specialized feature set.
Dataddo Connector: YES
Though most financial softwares offer inbuilt analytics functionality, it's always limited in scope.
Eventually, most businesses will want to send the data from their financial software to a dedicated visualization tool, where it can be combined with other data for more sophisticated manipulations. The problem with this is that financial software often can't be connected to visualization tools. Dataddo solves this problem, by automating data connections between apps like financial software with BI tools and databases.
Why use Dataddo to connect your financial software tool to a data visualization tool?
A no-code platform, Dataddo is the easiest way to reliably synchronize data from your finanace management software and all your other apps to business intelligence (BI) tools like Power BI, Google's Looker Studio, and Tableau. This will keep your BI dashboards automatically refreshed.
We offer a massive library of connectors, which cover all popular services that business teams today use: finance and accounting, marketing, sales, HR, and more.
How long does it take to connect an app to a BI tool? Just a few minutes. Seriously—no IT skills or coding knowledge required. Watch our videos at Dataddo Academy to see how easy it is.
Using a more niche finance management software not listed on our connector page? We can build a new connector for you in around 10 days!
Try it out for free!
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Connect All Your Data with Dataddo Just a few quick steps to get your financial data to your dashboarding tool for better analysis. |