General Ledger (G/L)
Both solutions offer a full set of chart of accounts. Besides the fact that Infor FMS SunSystems supports variable length segments while Exact North America Software's Exact Globe Enterprise uses account identifications that are of fixed length, there are no significant differences in this section.
There are three differences within month- and year-end closing:
*
Infor's FMS SunSystems leads in flexibility to perform single-period and temporary year-end closings, whereas Exact North America Software's Exact Globe Enterprise has a more restricted set of options.
*
Infor's FMS SunSystems offers multiple tests of year-end closings, whereas Exact North America Software's Exact Globe Enterprise limits that activity to individual periods.
*
FMS SunSystems allows posting of account summaries to the GL, whereas Exact Globe Enterprises requires the exact details.
Accounts Payable (A/P)
Differences in A/P are within the products' invoicing functionality, in the areas of contract price management, partial or extended payments, and in their abilities to examine various credit criteria (customer, product, etc.).
Both products are rich in A/P controls and functionality. The major difference between the two vendors is that Infor provides interfaces to the Web for e-procurement, whereas this remains a future deliverable for Exact Globe Enterprise.
Accounts Receivable (A/R)
The most important aspects of A/R are the ability to update collections, and the ability to manage credit. FMS SunSystems leads in the number of options. It can provide credit notes by line item, whereas Exact Globe Enterprise does it by invoice. Automatic intercompany sales transfers is another area where differences arise between the products: FMS SunSystems does it automatically, while Exact Globe Enterprise requires manual intervention.
A cash receipts comparison shows a large difference between the two products. The difference has to do with routings. FMS SunSystems will route outstandings to a collection agent that is assigned to that account, while Exact Globe Enterprise does it to a single resource. As for collection agency tools, FMS SunSystems provides automatic past collection histories. With Exact Globe Enterprises, you must generate the information manually via a display or online report. Both products are industry leaders when it comes to the essential tasks for cash receipts; this module within both products is essentially identical.
Fixed Assets
Both solutions correspond for most of the essential elements of fixed assets. However, FMS SunSystems goes beyond Exact Globe Enterprises with better handling of "equipment leasing." FMS SunSystems also provides functionality for tracking leases from other modules as well as generating alerts when a lease's termination date is approaching.
Budgeting
When we drill down into detailed budgeting functionality, there are essentially no major differences between the two products. FMS SunSystems' product interfaces to external budgeting systems, while Exact Globe Enterprise does not. FMS SunSystems allows comparisons of budget variables, also in contrast to Exact Globe Enterprise. FMS SunSystems offers the ability to add a percentage to a budget to compensate for inflation, and automatically determines a new budget.
Multinational Accounting
FMS SunSystems supports 27 languages, whereas Exact Globe Enterprise supports 11 languages. In budget postings, FMS SunSystems has a distinct advantage in that it can perform a semi-automatic re-evaluation of transactions above a threshold value.
You Can Do Your Own Custom Accounting Software Evaluation
Now that you've had a high-level look at a couple of accounting for SMB vendors and solutions, how do you determine which accounting solutions are the best fit for your company's unique needs? We recommend you do a quick comparison using TEC's Accounting Evaluation Center.
TEC's Accounting Evaluation Center allows you to set priorities that reflect your organization's business model and special needs at every level of functionality. At the modular and submodular levels—even down to the individual criteria—you can tell the system which business processes are critical, less important, or not important to your organization. The system then compares your priorities against the vendor responses to produce a shortlist of solutions. You get a custom comparison—one that ranks vendor solutions on how well their functionality matches the business requirements of your organization.
We know of no better way to quickly and easily evaluate accounting solutions, and we invite you to give it a run-through. Plus, you'll get your results in mere minutes. Simply click on the link below to visit our Accounting Evaluation Center and conduct your fast, free custom accounting solution comparison. After all, there's no other organization quite like yours.
SOURCE:
http://www.technologyevaluation.com/research/articles/accounting-for-smb-showdown-19392/
Both solutions offer a full set of chart of accounts. Besides the fact that Infor FMS SunSystems supports variable length segments while Exact North America Software's Exact Globe Enterprise uses account identifications that are of fixed length, there are no significant differences in this section.
There are three differences within month- and year-end closing:
*
Infor's FMS SunSystems leads in flexibility to perform single-period and temporary year-end closings, whereas Exact North America Software's Exact Globe Enterprise has a more restricted set of options.
*
Infor's FMS SunSystems offers multiple tests of year-end closings, whereas Exact North America Software's Exact Globe Enterprise limits that activity to individual periods.
*
FMS SunSystems allows posting of account summaries to the GL, whereas Exact Globe Enterprises requires the exact details.
Accounts Payable (A/P)
Differences in A/P are within the products' invoicing functionality, in the areas of contract price management, partial or extended payments, and in their abilities to examine various credit criteria (customer, product, etc.).
Both products are rich in A/P controls and functionality. The major difference between the two vendors is that Infor provides interfaces to the Web for e-procurement, whereas this remains a future deliverable for Exact Globe Enterprise.
Accounts Receivable (A/R)
The most important aspects of A/R are the ability to update collections, and the ability to manage credit. FMS SunSystems leads in the number of options. It can provide credit notes by line item, whereas Exact Globe Enterprise does it by invoice. Automatic intercompany sales transfers is another area where differences arise between the products: FMS SunSystems does it automatically, while Exact Globe Enterprise requires manual intervention.
A cash receipts comparison shows a large difference between the two products. The difference has to do with routings. FMS SunSystems will route outstandings to a collection agent that is assigned to that account, while Exact Globe Enterprise does it to a single resource. As for collection agency tools, FMS SunSystems provides automatic past collection histories. With Exact Globe Enterprises, you must generate the information manually via a display or online report. Both products are industry leaders when it comes to the essential tasks for cash receipts; this module within both products is essentially identical.
Fixed Assets
Both solutions correspond for most of the essential elements of fixed assets. However, FMS SunSystems goes beyond Exact Globe Enterprises with better handling of "equipment leasing." FMS SunSystems also provides functionality for tracking leases from other modules as well as generating alerts when a lease's termination date is approaching.
Budgeting
When we drill down into detailed budgeting functionality, there are essentially no major differences between the two products. FMS SunSystems' product interfaces to external budgeting systems, while Exact Globe Enterprise does not. FMS SunSystems allows comparisons of budget variables, also in contrast to Exact Globe Enterprise. FMS SunSystems offers the ability to add a percentage to a budget to compensate for inflation, and automatically determines a new budget.
Multinational Accounting
FMS SunSystems supports 27 languages, whereas Exact Globe Enterprise supports 11 languages. In budget postings, FMS SunSystems has a distinct advantage in that it can perform a semi-automatic re-evaluation of transactions above a threshold value.
You Can Do Your Own Custom Accounting Software Evaluation
Now that you've had a high-level look at a couple of accounting for SMB vendors and solutions, how do you determine which accounting solutions are the best fit for your company's unique needs? We recommend you do a quick comparison using TEC's Accounting Evaluation Center.
TEC's Accounting Evaluation Center allows you to set priorities that reflect your organization's business model and special needs at every level of functionality. At the modular and submodular levels—even down to the individual criteria—you can tell the system which business processes are critical, less important, or not important to your organization. The system then compares your priorities against the vendor responses to produce a shortlist of solutions. You get a custom comparison—one that ranks vendor solutions on how well their functionality matches the business requirements of your organization.
We know of no better way to quickly and easily evaluate accounting solutions, and we invite you to give it a run-through. Plus, you'll get your results in mere minutes. Simply click on the link below to visit our Accounting Evaluation Center and conduct your fast, free custom accounting solution comparison. After all, there's no other organization quite like yours.
SOURCE:
http://www.technologyevaluation.com/research/articles/accounting-for-smb-showdown-19392/
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