Financial Reporting Software

offline access is not available , so internet is required, certain advance features are available only in higher plans, this are minor issues but worth nothing. Review collected by and hosted on G2.com.

before using Xero , tracking client payments required manual follow ups and spreadsheets, Xero centralised all invoice and payment information, it helps me quickly identify overdue payments and follow ups with clients, communication with the finance team improved . Error reduced and record keeping became more organised . it saves time and reduced confusion in client account management . it also manage client account efficiently and professionally. it improves visibility into invoices and payments, integrations reduce manual coordination, smart features save time and reduce errors. overall it support better customer relationships and smoother sales accounts operations. Review collected by and hosted on G2.com.

While Workiva is a powerful platform, one area that can be challenging is the initial learning curve. Because the system offers many advanced features and capabilities, new users may require time and training to become fully comfortable and productive. Review collected by and hosted on G2.com.

Workiva solves the key challenge of disconnected data and inefficient reporting processes by providing a single platform where data, documents, and teams are linked and synchronized. Before using Workiva, our reporting often involved multiple spreadsheets and manual data transfers, which increased the risk of errors and consumed a lot of time.With Workiva, linked data automatically updates across all reports and documents, which reduces inconsistencies and eliminates repetitive manual work. Review collected by and hosted on G2.com.

During month-end close, when a client had entity-specific reconciliation requirements and ad-hoc adjusting entries, FloQast’s standardized checklist and reconciliation formats didn’t fully accommodate these exceptions. This led to maintaining parallel Excel trackers outside the system, increasing manual effort and the risk of version-control issues, which partially offsets the efficiency benefits FloQast aims to provide. Review collected by and hosted on G2.com.

FloQast addresses the challenge of disorganized and manually driven close activities by bringing all close tasks, reconciliations, and reviews into one structured platform. In an RTR role, this helps eliminate scattered trackers and constant follow-ups.

The benefit to me is better control and visibility over the close process. I can clearly track task ownership, review status, and supporting documentation in real time. This improves accuracy, strengthens compliance, and reduces time spent on coordination, allowing greater focus on review and financial insights rather than process management. Review collected by and hosted on G2.com.

Updating a customer's address is annoying. If you've already created an invoice or sales order and need to update the address or contact details, you need to recreate the invoice or sales order for it to grab the new details. It doesn't automatically update. Setting up a recurring invoice requires you to add the customer as a recurring customer. If the auto payments aren't run very early in the morning and you have an open invoice for that customer, it will pay all invoices if that customer was set up as recurring. Sometimes you don't want ALL invoices to be paid automatically. Review collected by and hosted on G2.com.

We currently have no issues with the software. Review collected by and hosted on G2.com.

The initial setup of complex, custom-mapped reports can take a little bit of time. However, the LiveFlow support team is super responsive and helps bridge that gap quickly. Review collected by and hosted on G2.com.

We struggled with accurate cash flow forecasting. Because our actuals were updated manually, our forecasts were often based on outdated assumptions.

LiveFlow solves this by keeping our actuals current. This has made forecasting so much easier because we can now see our real-time cash position and runway at a glance. It allows us to perform instant variance analysis and make strategic pivots based on what is happening now, rather than what happened last month. It has saved our finance team hours of spreadsheet gymnastics every week. Review collected by and hosted on G2.com.

Honestly, there isn’t anything I genuinely dislike about NetSuite. Like any powerful platform, it can take a bit of time to fully unlock everything it offers, but once you’ve found your feet with it, that flexibility and depth quickly become one of its biggest strengths. Review collected by and hosted on G2.com.

It brings everything into one place, finance, operations, and reporting, which removes a lot of manual work and guesswork for us. Having that real-time visibility across the business has helped us make decisions confidently and has saved us a lot of time by streamlining our day-to-day processes. Review collected by and hosted on G2.com.

The cost appears to be somewhat challenging in the long term. I have volunteered with an organization that transitioned from Anaplan to another tool due to cost concerns. It would be beneficial if the pricing could be reduced or optimized to be more in line with other competitors available in the market. Review collected by and hosted on G2.com.

I worked with a client where the planning process was highly unorganized. Data was coming from multiple sources, planning was done in Excel, versions were mismatched, and there was no single source of truth. Forecast cycles took too long, manual errors were common, and leadership lacked real-time visibility to make decisions.

Anaplan helped solve these problems by centralizing data into one connected planning platform, standardizing business logic, and enabling real-time collaboration across teams. Scenarios that earlier took days could be built in minutes, and stakeholders gained instant visibility into the impact of changes.

For me, Anaplan improved the quality of my work by reducing manual effort, increasing model transparency, and allowing me to focus more on solution design and business value rather than data reconciliation. Review collected by and hosted on G2.com.

The UX sometimes gets glitchy when utilizing the 'Storyboards' narrative tool if you don't size or format the visuals to the board's native architecture. Review collected by and hosted on G2.com.

As an ASC with BI coming from multiple sources, we needed a platform that could truly integrate everything, not just promise it. Datarails centralizes our disparate systems, connected to historical financials, and is on its way to giving us a single source of truth for budgeting and forecasting. It's eliminated the manual visual build-out headaches and freed up time for actual FP&A discussions. The dashboards have also simplified executive visibility into key clinical and operational metrics, making it easier to keep leadership aligned without building custom reports from scratch. Review collected by and hosted on G2.com.

There is a learning curve at the beginning

Some report setups can be complex and time-consuming

Performance can slow down with very large datasets

Troubleshooting requires a good understanding of both Excel and the ERP Review collected by and hosted on G2.com.

I can create accurate, real-time financial and AP reports without manual exports.

It reduces errors from copy-pasting and reconciliations.

Reports are faster to prepare, especially for Opex, AP aging, and management reporting.

I can use Excel formulas and layouts while staying connected to live ERP data.

It saves time during month-end close and improves confidence in the numbers. Review collected by and hosted on G2.com.

The one and only challenge that I face while working with vena was its setup because initially the user interface was too much complex and we did not understand anything so the complete setup has been done with the help of YouTube tutorials and even the professional financial team was not able to do the complete setup. Review collected by and hosted on G2.com.

After installing Vena in our company we are able to consolidate data from different departments of our business and compile it on a single platform so that the best decisions can be made and informed decisions can be taken with detailed analytics. This software helps us in improving the overall workflow of our business and make sure that every resource is getting utilised properly. Review collected by and hosted on G2.com.

Lack of customization options in the dashboard can be a hassle for some users. All-in-all a great tool for all your business needs. Review collected by and hosted on G2.com.

I highly recommend using this business management platform. We were able to increase team collaboration and communication with its smart reporting and advanced analytics functionalities. Review collected by and hosted on G2.com.

Creates precise and comprehensive financial reports as per the accounting standards.

Reduces paperwork, manual errors and instances of data duplicity.

Allows better control through improved financial management and forecasting.

Streamlines the accounts payable process and ensures payment compliance with the end-to-end invoice management system. Review collected by and hosted on G2.com.

For some business, there are too many options which maybe complex or too powerful for smaller company. Ths tool with help you company grw=p Review collected by and hosted on G2.com.

Having Accounting, CRM, website, third party channel management and more all integrated into one system to easy and awesome to deal with on a dailly basis. Review collected by and hosted on G2.com.

Customization to fit a specific business requirements or needs is currently limited. They should extend the customization of the invoices, bills and other financial documents to meet every customers expectations. They should allow customer to request for new features that might benefit them to be added to the platform. Review collected by and hosted on G2.com.

It works as a centeralized accounting and inventory mangement systems. Also it allows orders/ invoices to paid (payment to be collected) from within Quickbooks online. Review collected by and hosted on G2.com.

I would love to see improvements on PO distribution and Inventory visibility with next available date and

fulfillment practices implemented. Review collected by and hosted on G2.com.

XoroERP helps us manage our Manufacturing, Sales Order, and Purchase Order processes. It’s very easy to use, and the team also makes software changes based on the specific needs of our business. Review collected by and hosted on G2.com.

Because SysGenPro is designed to be highly flexible, it can take time to fully understand how to configure it for specific needs. During early use, some features aren’t immediately intuitive, and getting the most out of advanced options may require additional setup or guidance.

In addition, while the platform handles core workflows well, certain reporting and data configuration areas could be expanded to make deeper analysis easier without extra manual steps. These are not major drawbacks, but improving them would make onboarding and advanced usage smoother. Review collected by and hosted on G2.com.

SysGenPro addresses the problem of disconnected tools and scattered information across business operations. Before using it, managing projects, documents, and operational data required jumping between multiple systems, which increased errors and wasted time. SysGenPro brings these elements together into a single, organized platform.

This consolidation has improved consistency, reduced manual effort, and made information easier to access for the right people. As a result, collaboration is smoother, workflows are more efficient, and decisions are based on accurate, centralized data. It allows the team to focus less on administrative tasks and more on delivering value to the business. Review collected by and hosted on G2.com.

Like most ERPs, there is a significant learning curve. Success really depends on the quality of training and how disciplined the company is about keeping data clean. The onboarding phase requires a lot of focus and coordination. If a company isn’t fully engaged during this time, it can limit how effectively the system is set up for long-term success. Review collected by and hosted on G2.com.

Before Fulcrum, information may have been scattered across spreadsheets, paper travelers, or legacy ERP systems. Fulcrum centralizes everything into one platform, reducing duplicate data entry and errors. Fulcrum helps us better manage work orders, scheduling, and capacity planning. This ensures we know where each job is in the process and can adjust quickly if priorities change. Review collected by and hosted on G2.com.

The think i disliked is not about MSD 365 Business Central but it's related to it's documentation and lack of learning resources.

Also reporting (especially RDLC layouts) can sometimes be challenging and time-consuming. Review collected by and hosted on G2.com.

Business Central enables organizations to centralize their finance, sales, purchasing, inventory, and operations within a single system. As a developer, I appreciate how it lets me create customized business solutions through AL extensions, all while preserving upgrade compatibility. This approach greatly reduces the effort required for long-term maintenance and allows for quicker delivery of solutions tailored to client needs. Review collected by and hosted on G2.com.

It would be great to have API integration to manage security using an external tool. Review collected by and hosted on G2.com.

We have a few hundred entities globally so OneStream is used to capture all the Actuals data from across a number of ERP systems in a unified way. This enables us to close our books quicker then before and has saved us 3 days in closing our books. We can also complete our forecast and budget and proforma data in the application at the same level of granularity. WIth a high volume of data we are leveraging the Vertical and Horizontal extensibility which gives us details at the right level and performance in consolidation. Review collected by and hosted on G2.com.

A few workflows could be even more streamlined, but overall things work well. Integrations are improving quickly, and the support team is excellent whenever we need guidance. Review collected by and hosted on G2.com.

"Managing multi-year SaaS and usage-based contracts

Automating revenue recognition (subscriptions, minimum commitments, usage)

Invoicing customers and managing credits/memos

Tax compliance and Avalara sync

Accounts payable and accounts receivable aging reconciliation

Payment collection via Stripe integration

Rillet helps us stay GAAP compliant by structuring minimum usage commitments properly and reduce manual reconciliation with our different revenue streams Review collected by and hosted on G2.com.

It can be a bit clunky at times, and to get any customization/changes done on the system can be a bit challenging Review collected by and hosted on G2.com.

The approval mapping feature has saved us a significant amount of time and energy, especially since our structure is quite complex with various projects and subaccounts. With Acumatica, AP items are sent directly to the appropriate approving manager, who can easily access all the information needed to review and approve them. Review collected by and hosted on G2.com.