Sunday, July 14, 2024

As the world of technology moves software providers are making improvements to enhance the effectiveness of their solutions and keep pace with the way business owners work. Accounting software is also of no exception here. Introducing cloud-based solutions that are easier to maintain, advanced accounting automation features are some of the modern trends for 2022.

Unlike the traditional on-premises solutions that require expensive hardware, hosting, ongoing updates, and a dedicated IT to maintain it all, software-as-a-service (SaaS) has become the clear choice for growing companies. Accounting solutions with SaaS providers release updates more frequently and automatically, and they include these updates in their subscription costs. This eliminates the need for large upfront capital costs as well. Meanwhile, accounting automation software creates greater efficiency by eliminating manual tasks enabling accountants to focus more on unpacking financial insights, rather than becoming bogged down. From invoice approval processes to inputting sales data, automated accounting software features are expected to become more robust.

As the accounting software solutions space is filled with noise, businesses are finding it a tough task to figure out the right solution provider for their unique accounting needs. This is where Enterprise Viewpoint Magazine is creating a difference with our special edition on Accounting Software Solution Providers 2022. Here we’ve created a list of some of the top and innovative accounting solution providers who are creating a difference in the industry.

Avidxchange

Co-Founder & CEO: Michael Praeger
HQ: Charlotte, NC
Website: avidxchange.com

AvidXchange is a leading provider of accounts payable (“AP”) automation software and payment solutions for middle market businesses and their suppliers. AvidXchange’s software-as-a-service-based, end-to-end software and payment platform digitizes and automates the AP workflows for more than 7,000 businesses and it has made payments to more than 700,000 supplier customers of its buyers over the last five years.

Bill

Founder & CEO: René Lacerte
HQ: San Jose, CA
Website: bill.com

Bill.com, together with its wholly owned subsidiaries Divvy and Invoice2go, is focused on being the one stop shop that simplifies, digitizes, and automates complex financial operations for small and midsize businesses. Customers use the platform to manage end-to-end financial workflows and to process payments. The AI-enabled, financial software platform creates connections between businesses and their suppliers and clients. It helps manage cash inflows and outflow. The company partners with several of the largest U.S. financial institutions, the majority of the top 100 U.S. accounting firms, and popular accounting software providers. Bill.com has its headquarters in San Jose, California with offices in Houston, Texas, Draper, Utah, and Sydney, Australia.

Blackbaud

President & CEO: Michael Gianoni
HQ: Charleston, SC
Website: blackbaud.com

Blackbaud (NASDAQ: BLKB) is the world’s leading cloud software company powering social good. Serving the entire social good community—nonprofits, foundations, corporations, education institutions, healthcare institutions and individual change agents—Blackbaud connects and empowers organizations to increase their impact through software, services, expertise, and data intelligence. The Blackbaud portfolio is tailored to the unique needs of vertical markets, with solutions for fundraising and CRM, marketing, advocacy, peer-to-peer fundraising, corporate social responsibility, school management, ticketing, grantmaking, financial management, payment processing, and analytics.

BlackLine

CEO: Marc Huffman
HQ: Woodland Hills, CA
Website: Blackline.com

BlackLine is a provider of cloud-based solutions that transform Finance and Accounting (F&A) by automating, centralizing and streamlining financial close operations, intercompany accounting processes and other key F&A processes for large and midsize organizations. Designed to complement virtually all ERP and other financial systems including SAP, Oracle and NetSuite, BlackLine increases operational efficiency, real-time visibility, control and compliance to ensure end-to-end financial close management and accounting automation from within a single, unified cloud platform.

Blue Onion Labs

Co-Founder & CEO: Lyndsey Bunting
HQ: New York, NY
Website: blueonionlabs.com

Blue Onion Labs helps finance and accounting teams trace and reconcile order transactions to create a single source of truth. Often, different teams use different numbers for key business metrics, which makes it challenging to trace a transaction through every system. Blue Onion Labs’ software provides the benefits of an ERP without the cost of a traditional implementation — starting with order-to-cash reconciliation for consumer companies.

BQE Core

CEO: Victor Limongelli
HQ: Torrance, CA
Website: bqe.com

BQE Software develops innovative practice management software for professional services firms. Its products—including BQE Core®, BQE BillQuick®, BQE ArchiOffice®, and BQE EngineerOffice®—centralize and streamline the way firms enter and use information for time tracking, billing, project management, and accounting. This gives them the speed and insight necessary to rapidly make informed decisions, increase productivity, and grow profits. With more than 400,000 users worldwide, BQE Software is trusted by leading architects, engineers, accountants, attorneys, IT specialists, and business consultants.

Fraxinusit

Founder: Ishrar G.
HQ: Surat, Gujarat, India
Website: fraxinusit.com

Fraxinus IT Solutions’s goal is to ensure its most advanced enterprise products line to reach out the global markets and create world class software solutions that match to the internationally standards. Fraxinus IT Solutions, a leader behind the automation efforts of the Trading and manufacturing industry in India has been incorporated during the year 2007 by a team of young and dynamic professionals with a perfect blend of Technical, Marketing and Administration skills. Fraxinus IT Solutions aims to harness the power of Information Technology to provide comprehensive solutions to all its customers.

Fresh Books

CEO: Don Epperson
HQ: Toronto, Ontario
Website: freshbooks.com

FreshBooks is accounting software operated by 2ndSite Inc. primarily for small and medium-sized businesses. It is a web-based software as a service model, that can be accessed through a desktop or mobile device.

Intuit

CEO: Sasan K. Goodarzi
HQ: Mountain View, CA
Website: intuit.com

Intuit is the global technology platform that helps consumers and small businesses overcome their most important financial challenges. Serving millions of customers worldwide with TurboTax, QuickBooks, Mint, Credit Karma and Mailchimp, they believe that everyone should have the opportunity to prosper and they work tirelessly to find new, innovative ways to deliver on this belief.

MIP Fund Accounting

President & CEO: Sharon Love
HQ: St.Petersburg, FL
Website: mip.com

Association, nonprofit, and government financial professionals need true fund accounting to effectively manage finances, funding, and programs.
MIP Fund Accounting® software enables you to easily adapt to each funding source’s unique conditions, and confidently and accurately report your organization’s financial story. A comprehensive, configurable solution, MIP Fund Accounting enables you to better track, report, and manage finances across your entire organization.

NetSuite

Founder & CEO: Evan Goldberg
HQ: Austin, TX
Website: netsuite.com

Founded in 1998, Oracle NetSuite is the world’s first cloud company. For more than 20 years, NetSuite has helped businesses gain the visibility, control and agility to build and grow a successful business. First focused on financials and ERP, we now provide an integrated system that also includes inventory management, HR, professional services automation and omnichannel commerce, used by more than 27,000 customers in 215 countries and dependent territories.

Plooto

Co-Founder & CEO: Hamed Abbasi
HQ: Toronto, Ontario
Website: plooto.com

Plooto is an all-in-one accounts payable (AP) and receivable (AR) platform; the only payments platform that you’ll ever need. Why? Because Plooto helps save time while strengthening your cash flow by automating complex workflows through unifying payments, processes, control, reconciliation, and reporting.

SAP Concur

CEO: Christian Klein
HQ: Bellevue, WA
Website: concur.com

SAP Concur is the world’s leading brand for integrated travel, expense, and invoice management solutions, driven by a relentless pursuit to simplify and automate these everyday processes. The highly-rated SAP Concur mobile app guides employees through business trips, charges are directly populated into expense reports, and invoice approvals are automated. By integrating near real-time data and using AI to analyze transactions, businesses can see what they’re spending, improve compliance, and avoid possible blind spots in the budget. SAP Concur solutions help eliminate yesterday’s tedious tasks, make today’s work easier, and support businesses to run at their best.

TaxDome

CEO: Victor Radzinsky
HQ: Brooklyn, NY
Website: taxdome.com

All-in-one practice management software for CPAs, bookkeepers and accounting firms TaxDome is a technology company born out of deep understanding of Tax and Accounting business needs. Their mission (and passion) is improving your relationship with the work you do and the people you work with, making the day-to-day easier and your bottom line better.

Tipalti

Co-Founder & CEO: Chen Amit
HQ: San Mateo, CA
Website: tipalti.com

Tipalti is the only global payables automation solution to streamline all phases of the AP and payment management workflow in one holistic cloud platform. Tipalti makes it painless for accounts payable departments to manage their entire supplier payments operation. The solution addresses everything from supplier onboarding and vetting, to tax and regulatory compliance, invoice processing, payments to suppliers anywhere in the world in a wide range of payment methods and currencies, supplier payment status communications, to closing the loop with payment reconciliation and reporting.

Tradogram

Co-Founder & CEO: Hani Abdou
HQ: Ottawa, Ontario
Website: tradogram.com

Tradogram is a complete business spend management software solution that is designed and built using the latest cloud technologies. Their solution empowers buyers and purchasing decision-makers worldwide to control costs and automate procurement processes like Procure-to-Pay, Strategic Sourcing, Supplier Management, Accounts Payable, and Spend Analysis.

Vic.ai

Co-Founder & CEO: Alexander Hagerup
HQ: New York, NY
Website: vic.ai 

Vic.ai is pioneering the use of autonomy and intelligence to digitally transform accounting and finance processes to improve productivity, decision-making, and ROI. Vic.ai works with accounting and finance visionaries embracing automation and AI to accelerate digital transformation – modernizing inefficient processes to deliver improved financial management.

Wave Financial

Co-Founder & CEO: Kirk Simpson
HQ: Toronto, Canada
Website: waveapps.com

At Wave, they believe small businesses are the heart of our communities, and championing them is worth fighting for. Wave aspires to create a future where small business owners can manage their finances fearlessly. Doing so means more new entrepreneurs, and more thriving small businesses. To get to that future, they will be the simplest, all-in-one financial management solution small business owners can’t live without.

Xero

CEO: Steve Vamos
HQ: Wellington City, NZ
Website: xero.com

Xero is a cloud-based accounting software platform for small businesses with over 2.7 million subscribers globally. Through Xero, small business owners and their advisors have access to real-time financial data any time, anywhere and on any device. Xero offers an ecosystem of over 1,000 third-party apps and 300 plus connections to banks and other financial partners. In 2020 and 2021, Xero was included in the Bloomberg Gender-Equality Index and in 2020, Xero was recognised by IDC MarketScape as a leader in its worldwide SaaS and cloud-enabled small business finance and accounting applications vendor assessment.

Zoho

CEO: Sridhar Vembu
HQ: Pleasanton, CA
Website: zoho.com

Zoho offers beautifully smart software to help you grow your business. With over 70 million users worldwide, Zoho’s 50+ products aid your sales and marketing, support and collaboration, finance and recruitment needs—letting you focus only on your business. Zoho respects user privacy and does not have an ad-revenue model in any part of its business, including its free products.
Zoho Corporation is a privately-held and profitable company headquartered in Austin, Texas with international headquarters in Chennai, India, with offices across the globe.

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