Categories   >   Manufacturing Accounting Systems
Last Reviewed: November 20th, 2024

Best Manufacturing Accounting Systems Of 2024

What are Manufacturing Accounting Systems?

Manufacturing Accounting Systems are digital tools designed for the unique financial management demands of manufacturing companies. Providing precise and real-time recording of business transactions, these systems streamline cost accounting, budgeting, billing, and other finance-related processes. Crucial functionalities such as inventory management, purchase order processing, and material cost tracking augment the link between financial planning and production dynamics. Noteworthy features emerging include machine learning integration for predictive analysis and cloud-based deployments for secure, anywhere access. Primarily, small to large-scale manufacturing industries reap maximum benefits from these solutions. However, complexities in initial setup and integration with existing systems can be challenging. Ultimately, Manufacturing Accounting Systems enhance financial visibility, ensure regulatory compliance, and offer strategic insights for profitability. They offer a significant value proposition by bridging financial management with manufacturing operations, thus fostering efficient, cost-effective, and informed decision-making.

What Are The Key Benefits of Manufacturing Accounting Systems?

  • Enhances Financial Visibility
  • Streamlines Cost Accounting
  • Ensures Regulatory Compliance
  • Facilitates Budgeting Processes
  • Improves Inventory Management
  • Efficient Purchase Order Processing
  • Tracks Material Costs
  • Supports Predictive Analysis
  • Promotes Informed Decision-Making
  • Allows Secure, Anywhere Access
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Overall

Based on the latest available data collected by SelectHub for 87 solutions, we determined the following solutions are the best Manufacturing Accounting Systems overall:

Odoo
Odoo
Start Price
$24.90
Per User, Monthly
Company Size
Small Medium Large
Deployment
Cloud On-Premise
Platform
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Why We Picked Odoo

Odoo is an affordable, flexible and scalable platform that provides a wide range of integrated applications. Reviewers were predominantly happy with the system and its capabilities, but there were complaints relating to unresponsive and unhelpful customer support, lack of documentation for developers and subpar performance. Otherwise, the system was reviewed as easy to use and powerful.

Pros & Cons

  • Functionality: All reviewers that mentioned functionality in their review said that Odoo provides robust features to manage the entire business.
  • Navigation: With 91% of reviews mentioning navigation being positive, Odoo offers an intuitive, simple and modular user interface and experience.
  • Customization: Though some reviewers mentioned that web-development knowledge or Python-coders are needed to complete system customization, almost 90% of reviewers applauded the customization capabilities of Odoo ERP.
  • Cost: With a free version of Odoo available and a subscription-based per-user pricing system, 88% of reviewers said the solution is affordable and of good value.
  • Integration: The suite of integrated applications and opportunities for third-party integrations yielded 100% positive feedback.
  • Implementation: Amongst mixed reviews and some mentionings of difficult, lengthy implementations, 55% of reviewers said their implementation process was positive.
  • Support: Almost 90% of reviewers mentioning support cautioned long wait times and unsatisfactory responses from the Odoo customer support team.
  • Documentation: All reviews that mention documentation were complaints concerned with a lack of proper guidance to complete customizations.
  • Bugs and Performance: Slow performance and frequent bugs resulted in almost 90% of reviewers portraying the system in a negative light.

Key Features

  • Accounting: The accounting application includes bank synchronization features that automatically sync bank statements. The invoicing tool enables users to manage recurring billings and to track payments. About 95% of the reconciliation process can be automated through this feature. 
  • Project Management: Odoo lets users look at available labor resources when scheduling projects. It can also develop forecasts using historical data from relevant projects and estimate deadlines. Files and notes can be easily attached to tasks so that information is centralized and easily accessed. 
  • Human Resources: The HR function allows employers to receive alerts when leave requests, applications, appraisals and allocation requests are put into the system. Users can track employee hours and sort them by task, client or project. This tool also connects to accounting functionality so that reports can be posted automatically based on actual project duration. 
  • Inventory: Odoo enables users to automate RFQs and use order points to increase supply chain efficiency. The program includes drop-shipping, cross-docking and multi-warehouse functionality. Stock movements can be tracked and traced through lots and serials, both upstream and downstream. 
  • Purchase Management: Using stock levels, Odoo can automatically send RFQs to suppliers. Users can develop procurement rules that are triggered by factors such as sales orders, stock levels and logistic rules. The program maintains supplier price lists. It also assists in making better purchases through the use of data on current promotions and special contract conditions. 
  • Manufacturing: This feature contains the Workcenter Control Panel, which includes quality checks, in process alerts, worksheet display, time tracking and serial/lot number recording. Procurements can be automated by setting up make-to-order or minimum stock rules. The system also supports barcoding, whether a company uses lots or serial numbers. 
  • CRM: Odoo allows users to develop custom dashboards to glean actionable insights and relevant information such as how current performance stacks up to monthly targets. The program enables the scheduling of activities based on sales scripts. By clicking on an opportunity, information such as mail received and website pages viewed can be gathered and can assist in the tailoring of a sales strategy. 
Acumatica
Acumatica
Start Price
$4,000
Monthly
Company Size
Small Medium Large
Deployment
Cloud On-Premise
Platform
Mac Windows Linux Chromebook Android
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Why We Picked Acumatica

User reviews, coupled with our extensive research, confirm Acumatica’s reputation for flexibility and scalability. Still, certain features and overall performance have drawn mixed reviews.

First, the positives. A majority of user reviews highlight Acumatica’s functionality and its ease of use. Popular mentions include the quoting and billing, accounts location, and inventory management features. Other honorable mentions are the accounts payable and invoice routing tools.

Reviewers specifically mention that managing administrative functions is a breeze and accessible from anywhere. One user even mentioned that their business is retiring other legacy systems because Acumatica fulfills those needs by offering tools to manage various business functions on one platform with complete access to past data.

For those who swear by Excel, Acumatica offers a comforting bridge with its robust Excel integration. The export to Excel feature is available on every grid. No more tedious manual transfers.

However, drawbacks like the less-than-ideal calendar feature and tricky project management tools have been noted. Users say that project management, while capable of managing multiple projects at once, could have fewer steps.

The platform’s performance can be a hiccup. Multiple users experienced glitches, especially when dealing with large datasets or navigating through generic inquiries. The system also logs out after 60 minutes of idle time. Defining user inactivity timeout is only available for Acumatica 2023 R1 and beyond.

Beyond user reviews, our research team delved into the strengths and weaknesses of Acumatica. According to our research, it’s the best in the game for order and service management.

Acumatica's biggest differentiator lies in its open architecture and customization options. Unlike some competitors with limited customization or reliance on pre-built modules, Acumatica lets you tailor the platform to their specific workflows and processes.

The caveat is that molding the platform will take time and a great deal of expertise (either through internal IT or external support). Implementation will get drawn out, and expediting this process without proper alignment with your business needs will deter you from getting complete value for the amount you pay.

The timeline and pricing might not be suitable for smaller firms or startups. Some users also wished the private cloud perpetual (PCP) licensing model wasn't discontinued. We suggest looking for other options if you don’t want to pay a monthly recurring fee.

So, is Acumatica right for you?

Acumatica is a strong contender if your business demands a highly adaptable system and you're prepared to invest time and resources in customization. However, if you prioritize rapid implementation and lightning-fast performance, you might want to explore other options.

Pros & Cons

  • User-Friendly: While there were some mixed reviews concerning disjointed navigation and the need for in-depth end-user training, 75% of reviewers said that Acumatica is easy to use.
  • Reporting: Over 50% of users were in favor of Acumatica’s reporting. Those who were not in favor said that the reporting feature required IT assistance to generate specialized reports, as the custom report tool isn’t friendly for those without developer knowledge.
  • Customization: Nearly three-fourths of reviews that mentioned customization applauded the vast amount of opportunities for customization, while one-fourth of reviewers complained that users need IT assistance to complete customizations.
  • Functionality: Acumatica provides robust functionality — almost 82% of reviewers said the system came with every tool they needed and more. Reviewers also mentioned that yearly updates are rolled out, so functionality is always improving.
  • Integration: Of the users that mentioned integration in their review, 100% were satisfied with the connectivity to other systems.
  • Cloud-Based Scalability: Easily adapt to business growth by adding modules or users without data disruption or complex upgrades.
  • Seamless Integrations: Connect with various third-party tools and platforms through open APIs and connectors, streamlining data flow and operations.
  • Centralized Data: Consolidate all business information in one system, improving data accuracy, accessibility and reporting capabilities.
  • Mobile App Access: Manage key tasks and access data on the go with the mobile app, boosting productivity and flexibility.
  • Support: Almost 70% of reviews concerning support were negative, given that Acumatica requires users to partner with a third party for support. In addition, there were some grievances surrounding the “Help” documentation.
  • Implementation: Between long implementation cycles and a requirement for a VAR to implement the system, 75% of reviewers said that they weren’t happy with the process.
  • Higher Cost Than Basic Options: Initial investment and per-application pricing can be steeper than some basic accounting software, especially for smaller businesses.
  • Steeper Learning Curve for Complex Needs: Extensive customization and advanced features may require dedicated IT resources or consultant support, increasing implementation costs.
  • Limited Industry-Specific Features: May lack specialized modules or functionalities for highly regulated or niche industries.
  • Reporting Customization Restrictions: While customizable, financial reporting options might not offer the depth and drill-down capabilities of dedicated reporting tools.
  • Occasional System Bugs & Glitches: 80% of users who mentioned platform speed report occasional bugs and glitches, requiring troubleshooting and potential downtime.

Key Features

  • Financial Management: Manage accounting, budgeting, financial reporting and cash management on one platform. In addition to core functions like general ledgers, accounts receivables and payables, it offers automated bank reconciliations and multi-currency to support efficiency and global operations.
  • Distribution Management: Manage sales, inventory, and purchasing processes with one module. Top features include order management, inventory control and warehouse management. Its ability to handle complex inventory valuation methods and real-time inventory visibility sets it apart.
  • Order Management: Get better control over the entire order-to-cash process. From order entry and tracking to fulfillment and invoicing, it provides complete visibility and control.
  • Built-In CRM: Build and maintain strong customer relationships. Use sales force automation, marketing automation and customer service management tools to make every interaction meaningful. Integrated sales forecasting, lead scoring and customer lifecycle management drive sales growth and improve customer satisfaction.
  • Manufacturing: Get real-time visibility into shop floor activities. Create and manage multiple work centers. Manage everything from bills of materials (BOM) creation to work order management based on job dispatch lists.
  • Service Management: Use an extensive service management toolkit that includes service request creation, service contract management and installation management features. Enhance service delivery and improve technician productivity by offering a technical portal to start and end appointments.
  • Inventory Management: Capture key inventory details like class ID and item types. These support cycle routing with better visibility into stock levels. Build kits to stock with the option to disassemble kits into smaller components.
NetSuite
NetSuite
Start Price
$999
Per User, Monthly
Company Size
Small Medium Large
Deployment
Cloud On-Premise
Platform
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Why We Picked NetSuite

User reviews for NetSuite ERP paint a mixed picture, highlighting both its strengths and weaknesses. Many users praise its comprehensive features and real-time data visibility, reporting improvements in efficiency and collaboration. One user commented, "NetSuite has transformed our business by automating tedious tasks and providing us with a single source of truth for all our data." Another added, "The collaboration features are fantastic – we can now work together seamlessly across different departments, which has boosted productivity significantly." However, users also raise concerns about the complexity of the platform and its high cost. Some find the learning curve steep and the customization options limited compared to competitors like SAP Business One and Microsoft Dynamics 365. One user noted, "NetSuite was initially overwhelming for our team due to its complexity. We had to invest heavily in training just to get started." Another commented, "The cost was a major barrier for us. We found other ERP solutions that offered similar features at a fraction of the price." The issue of vendor lock-in is another recurring concern among users. Switching to a different ERP system can be challenging due to data migration issues and dependence on NetSuite's proprietary features. One user expressed their apprehension, "We're worried about getting locked into NetSuite's ecosystem. Switching to another provider seems like a huge headache." Overall, user reviews suggest that NetSuite ERP is a powerful and feature-rich solution but comes with a steep learning curve and high cost. While it may be the perfect fit for large organizations with complex needs and significant resources, smaller businesses might find it overwhelming and expensive. When evaluating NetSuite, it's crucial to carefully consider your specific needs, budget, and technical expertise before making a decision.

Pros & Cons

  • Real-time data and visibility: Gain immediate insights into your business performance with real-time access to all your data.
  • Improved efficiency and automation: Automate routine tasks and streamline workflows to boost productivity across your organization.
  • Enhanced collaboration: Break down departmental silos and foster better communication across teams.
  • Scalability and flexibility: Adapt NetSuite to your unique needs and accommodate your business growth.
  • Comprehensive features: Manage all aspects of your business operations with a single platform.
  • Improved decision-making: Get data-driven insights to make informed and strategic decisions.
  • Strong customer support: Reliable support is available through multiple channels to ensure your success.
  • High security and compliance: Secure your data and meet industry regulations with robust security features.
  • High cost: NetSuite's initial implementation and ongoing maintenance fees can be significant, especially for small businesses.
  • Steep learning curve: The platform's extensive features require significant training and user adoption efforts.
  • Limited customization options: While customizable, NetSuite requires technical expertise and can be costly compared to competitors.
  • Vendor lock-in concerns: Switching to a different ERP provider can be challenging due to potential data migration issues and dependence on NetSuite's proprietary features.
  • Integration challenges with certain applications: While NetSuite offers pre-built integrations, connecting with niche or less popular applications might require complex manual data entry or third-party solutions.

Key Features

  • Sales Order Management: The sales order management tool provides automation that works to reduce manual errors and to speed up the billing and order management process. It is also integrated with other business functions such as finance and fulfillment. 
  • Source Management: This tool helps ensure compliance during the purchasing process through its centralized supply portal. It also has forecasting abilities that are able to recalculate predictions based on actual fluctuations. 
  • Warehouse Management: The warehouse management feature streamlines warehouse operations by decreasing overhead and cycle times. It can also improve rates of on-time delivery, therefore improving customer retention and ultimately boosting revenue. 
  • Production Management: The production management tool is integrated with CAD and PLM functionality. This feature assists in the development of quotes, tracking of contract renewals and cost estimation. 
  • Manufacturing Accounting: All of the basic features of accounting are present in this tool, from invoicing to forecasting. It can also help your company determine the amount of taxes you need to pay based on factors such as location and revenue. 
  • Transportation and Logistics: This tool is well-integrated with IoT functionality, as it lets you see in real-time where your transportation units are located. The logistic side of this tool provides inventory estimation based on historical data to help you decide what to order more of and what to order less of. 

Pricing

Maintenance Cost The NetSuite ERP maintenance cost is included in the price of your subscription. If you purchase a license directly with NetSuite, you will also get NetSuite Support. There are silver, gold and platinum packages that are priced based on your annual contract value. This tool includes FAQs, tips and online user guides.
Installation/Implementation Cost Installation and/or implementation is an additional cost with NetSuite ERP. NetSuite requires that you use a third-party for implementation support. Therefore, price varies depending on which consulting firm you decide to go with.
Customization Cost Customization is an extra cost when purchasing NetSuite ERP. This is associated with the introduction of tools or programs that go above and beyond the “out of the box” software capabilities.
Data Migration Cost/Change Management/Upfront Switching Cost This is another cost that goes above and beyond that of the basic software package. The price of this is dependent on factors such as complexity and the amount of data that you need to move over to the new system.
Recurring/Renewal Costs Your recurring costs are dependent on the elements listed above, such as the number of users needed for your software solution, implementation, support and training services.
E2 Shop System
E2 Shop System
Start Price
$4,995
Monthly
Company Size
Small Medium Large
Deployment
Cloud On-Premise
Platform
Mac Windows Linux Chromebook Android
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Why We Picked E2 Shop System

E2 Shop System is a job shop manufacturing program that streamlines production with a seamlessly easy interface and rapid implementation process. Its overall performance is satisfactory, although it experiences the occasional glitches. Its vast amount of features —such as inventory management, quality management, accounting and invoicing amongst others —is helpful in expediting tasks. However, some users found that the reporting, searching and scheduling modules have limitations. The customer support team is knowledgeable and quick to resolve issues. Overall, most users find E2 Shop System a helpful and sophisticated software.

Pros & Cons

  • Interface: Approximately 85% of users stated this program has a user-friendly interface with simple implementation procedures and helpful training material.
  • Customer Support: Precisely 87% of users said E2 Shop System has a resourceful and extremely helpful customer support team.
  • Performance: Of the users who mentioned overall performance, 57% said it has a robust database and easily tracks every aspect of their organization.
  • Functionality: Roughly 50% of users that mentioned the system’s functionality found that this solution has a suitable amount of features for their business.
  • Performance: Nearly 42% of users said the solution experiences glitches and occasionally shuts down, losing the progress of certain tasks.
  • Functionality: Of the users who discussed accessories, 49% stated the scheduling attribute is clunky, complaining that they have to input the entire serial number of a part in the search tool and the reporting appliance is difficult to master.

Key Features

  • Estimating and Quoting: E2 Shop System sets up estimates that capture profitability and job specifications and creates orders without delays. It calculates the cost to produce parts and multiple quantity breaks per part and adjusts profit margins at every quantity break.
  • Scheduling: It has a built-in scheduling and planning whiteboard that has real-time capabilities, letting users manage scheduling and tracking. Users can see a machine’s availability while allocating time for the part being produced. 
  • Job Costing and Tracking: E2 Shop System controls workspaces and prints reports that users need, like job schedules and more. It maintains job schedules, backlog summaries, machine loading, margin summaries, order entry rates and more. 
  • Shipping: With a click, it creates bills of lading and packing slips, removing the hassle of doing it manually.
  • Inventory and Purchasing: This feature brings purchasing and inventory together, removing guesswork when ordering. When items in inventory are allocated to a job or finished goods are sold from inventory, the system stores locational data for raw materials or where the finished parts were pulled. 
  • Data Collection: Users can gain a real-time picture of their complete job history and present activity. It has a time ticket feature that allows users to record time information about a job. Users can enter job and step numbers, employee codes, work centers and more.
  • Accounting: It integrates accounts payable and receivable with the general ledger, facilitating complete operational control. The system provides aging summaries, income statement reports, bank reconciliations, cash flow analysis, deposit summaries and more. 
  • Quality: It manages supply chain activities and engineering to improve business processes, profitability and performance. It addresses quality assurance and activities concerning vendors, customers, employees, work centers, tooling and document numbering and control. 
  • Contact Management: Users can start with a robust database with over fifty pre-defined fields, or create user-defined fields to meet their needs. It also stores unlimited, time-stamped notes for each contact to keep track of important conversations and commitments. 
Striven
Striven
Start Price
$35
Per User, Monthly
Company Size
Small Medium Large
Deployment
Cloud On-Premise
Platform
Mac Windows Linux Chromebook Android
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Why We Picked Striven

Have you been striving to find the perfect ERP solution? Striven, developed by Miles Technologies, has garnered a mixed bag of user reviews over the past year. Users appreciate its comprehensive suite of features, including accounting, CRM, project management, and human resources functionalities, all consolidated within a single platform. This eliminates the need for multiple software subscriptions and streamlines data management. The user-friendly interface and intuitive design make it easy for employees across various departments to adopt and utilize the system effectively.

However, some users have expressed concerns regarding Striven's customizability and scalability. The software's rigid structure may pose challenges for businesses with unique workflows or industry-specific requirements. Additionally, as companies expand, they might find Striven's capabilities limiting in terms of accommodating increased data volume and user traffic. Striven's customer support has also received mixed feedback, with some users praising the responsiveness and helpfulness of the support team, while others have reported longer wait times and difficulty resolving complex issues.

Striven appears to be best suited for small to medium-sized businesses seeking an all-in-one ERP solution that is easy to use and implement. Its comprehensive features and affordability make it an attractive option for companies looking to streamline their operations and improve efficiency without breaking the bank. However, larger enterprises or those with highly specialized needs may need to consider more robust and customizable ERP systems to fully meet their requirements. Keep in mind that software is constantly evolving, so it's always a good idea to check for the latest user reviews and product updates before making a decision.

Pros & Cons

  • Comprehensive Suite: Striven provides a wide range of features, including accounting, CRM, project management, human resources, and inventory management, eliminating the need for multiple software solutions.
  • User-Friendly Interface: The platform's intuitive design and navigation make it easy for users to learn and operate, reducing the learning curve and increasing adoption rates.
  • Customization Options: Striven allows businesses to tailor the system to their specific needs through custom fields, workflows, and reports, ensuring a perfect fit for unique processes.
  • Scalability: As businesses grow and evolve, Striven can easily scale to accommodate increasing data volumes and user counts, providing a future-proof solution.
  • Cloud-Based Accessibility: With cloud-based deployment, users can access Striven from anywhere with an internet connection, promoting remote work and collaboration.
  • Limited Customization: Striven's customization options may not be as extensive as those offered by other ERP solutions, potentially hindering businesses with unique workflows or industry-specific requirements.
  • Learning Curve: Some users have reported that Striven has a steeper learning curve compared to other ERP systems, which could lead to longer implementation times and increased training costs.
  • Mobile App Functionality: The mobile app's functionality may be limited compared to the full desktop version, potentially impacting users who require on-the-go access to the system.

Key Features

  • Accounting: Leverage a 360-degree view of financial health through cloud accounting. The accounting feature comes with basic tools such as accounts receivable, accounts payable and general ledger to more advanced capabilities such as robust financial reporting. It also takes care of payroll, online banking, tax management, nonprofit accounting, order management, expense accounting, inventory management, fund accounting, government accounting and billing and invoicing.  
  • CRM and Sales: Manage, market and sell through the CRM module. Pipeline management, lead tracking, instant reporting and a 360 view of opportunity statuses complete the module. The sales pipeline provides detailed sales tracking with reports as well as a visual dashboard. Marketing automation capabilities allow for drip campaigns with automatic emails, monthly statements and reminders that can be customized for each opportunity. 
  • Human Resources: Recruit, track, engage, onboard and retain employees with this comprehensive tool. Users can leverage the applicant tracking system (ATS), time and expense tracking, reports and more to increase candidate engagement, seamlessly onboard employees, automate interview scheduling and build company culture. It can create job postings and surveys, design personality assessments, build a pipeline of prospective future hires, centralize document storage and much more. 
  • Projects: Facilitate collaboration with customers by allowing them to view projects as well as send notifications concerning project status, changes or profitability. The project management module comes with capabilities such as Google calendar integration, drag-and-drop workflow, Kanban boards or Gantt charts, alerts and reminders, task automation which connects to GSuite email and milestone tracking.  
  • Inventory: Access supply chain management, tracking and storing inventory, accounting and sales integrations and more with the inventory management feature. It comes with manufacturing tools such as bill of materials and cost calculations as well as order management tools, including sales orders, purchase orders and contract orders. Other capabilities include barcoding, low stock alerts, inventory valuation, stock status reports, precise stock location and custom inventory.  
  • Productivity: A dashboard, custom reporting, chat function and resource navigator make up the productivity feature. Additional tools include document management, smart calendar, a company newsfeed, employee feedback, goal tracking and team efficiency calculations. 
  • Task Management: The task management feature comes with a personal task dashboard, team management capabilities, task tracking and task efficiency reports. In addition, it provides the My Tasks list, Tasks by Type list and a Recent Tasks list. My Tasks list allows users to manage and prioritize their tasks, while Tasks by Type allows users to filter tasks by date, customer or assignment. Recent Tasks allows users to pin tasks and look at recent and upcoming tasks.  
  • Field Service Management: Schedule and dispatch jobs, manage work orders, upload and share photos from a mobile device and manage time and attendance with the field service management feature. In addition, access real-time reports, service metrics, e-signature capabilities and skills matching capabilities.  
Fishbowl Manufacturing
Fishbowl Manufacturing
Start Price
$329
Monthly
Company Size
Small Medium Large
Deployment
Cloud On-Premise
Platform
Mac Windows Linux Chromebook Android
Request Pricing Request Demo

Why We Picked Fishbowl Manufacturing

Is Fishbowl Manufacturing the "reel deal" for managing your manufacturing processes? Recent user reviews suggest that while Fishbowl Manufacturing offers a robust suite of features, it might not be the perfect fit for everyone. Users praise its comprehensive functionality, encompassing everything from inventory control and material requirements planning (MRP) to work order management and barcoding. The ability to predict inventory requirements based on sales trends is a major plus, helping businesses optimize stock levels and avoid costly shortages or overstocking. Integration with popular platforms like QuickBooks, Amazon, and Shopify streamlines operations and enhances efficiency.

However, some users find the software's interface less intuitive than desired, requiring a significant learning curve. Others point to occasional glitches and the need for more responsive customer support. While Fishbowl Manufacturing aims to simplify manufacturing processes, its complexity might overwhelm smaller businesses or those new to manufacturing software. Ultimately, Fishbowl Manufacturing seems best suited for established, mid-sized manufacturing businesses with the technical expertise to navigate its intricacies and maximize its potential. Smaller businesses or those seeking a more user-friendly option might find better alternatives in the market.

Pros & Cons

  • User-Friendly Interface: Approximately 85% of users reported that this solution has a user-friendly interface and is easy to use.
  • Helpful Support Team: Nearly 82% of users stated Fishbowl has a responsive customer support team.
  • Bountiful Features: This program has an abundant amount of features such as BOMs, inventory tracking, reporting, production planning, invoicing and more according to 64% of users.
  • Integratable: Precisely 82% of users stated this solution integrates with QuickBooks, Salesforce and other EDI, accounting and shipping software.
  • Sluggish System: According to 58% of users, this solution has a clunky and sluggish system that occasionally crashes.

Key Features

  • Manufacturing: Superintend advanced work orders, manufacture orders, BOMs and more with the manufacturing apparatus. Users may also execute automatic custom, batch or repair work orders. 
  • Barcode Scanning: Construct inventory and manufacturing records with precision by accessing the barcode scanning tool. It executes cycle counts, enables users to pick, pack and ship goods and complete work orders as well as produce sales orders and update intricate part details. 
  • Inventory Management: Track products that are going to clients, develop reorder points for every item in a facility and cipher the suitable reorder quantity for every inventory item with the inventory management appliance. 
  • Production Stages: Craft multi-layered work orders that showcase the progress of each job that users receive to ensure everything is on schedule or to make certain adjustments for jobs that are falling behind. It designates duties to particular employees and even determines yield and waste estimates for every stage. 
  • Shipping: Integrate Fishbowl with other shipping solutions to expeditiously create shipping labels and synchronize shipping costs, tracking numbers, client addresses, weights and more so packages get to the right destination. 
  • Material Requirements Planning (MRP): Promptly produce purchase orders as items reach their reorder points, establish minimum order quantities and vendor expenses to steer the purchase order creation process and administer vendor performances with this idiosyncrasy. 
IQS
IQS
Start Price
$50,000
Annually
Company Size
Small Medium Large
Deployment
Cloud On-Premise
Platform
Mac Windows Linux Chromebook Android
Request Pricing Request Demo

Why We Picked IQS

IQS received generally positive feedback from users in the past year. Users found its interface intuitive and easy to navigate, making it simple to learn and use. They also appreciated the software's flexibility, which allowed them to customize it to fit their specific needs. Some users noted that IQS could be slow at times, especially when dealing with large amounts of data. Others mentioned that the reporting features could be more robust.

What sets IQS apart is its comprehensive quality management capabilities. It covers everything from document control and training management to non-conformance tracking and corrective action. This makes it a one-stop shop for all things quality-related, which can be a major advantage for businesses looking to streamline their operations. The software's focus on compliance is another key differentiator. IQS helps businesses meet the requirements of various industry standards, such as ISO 9001 and FDA 21 CFR Part 11. This can save businesses time and money by avoiding costly compliance issues.

IQS is best suited for small to mid-sized manufacturing businesses that need a comprehensive and user-friendly quality management system. Its flexibility and compliance focus make it a valuable tool for businesses in a variety of industries, including automotive, aerospace, medical device, and food and beverage. However, businesses with large amounts of data or complex reporting needs may want to consider other options.

Pros & Cons

  • Reduced Scrap and Rework: Users appreciate the software's ability to help them identify and address quality issues early in the production process, leading to less wasted material and time spent on fixing mistakes.
  • Improved Supplier Quality: The platform facilitates better communication and collaboration with suppliers, enabling users to track supplier performance and ensure they meet quality standards.
  • Enhanced Regulatory Compliance: IQS assists users in adhering to industry regulations and standards by providing tools for managing documents, audits, and training records.
  • Increased Customer Satisfaction: By improving product quality and consistency, users can enhance customer satisfaction and loyalty.
  • Data-Driven Decision Making: The software provides users with real-time data and analytics, empowering them to make informed decisions about quality improvement initiatives.
  • Limited Customization: The platform's rigidity can be frustrating for users with unique or complex manufacturing processes, as it may not easily adapt to specific workflows or data requirements.
  • Steep Learning Curve: IQS's extensive features and functionalities can overwhelm new users, leading to a prolonged onboarding process and potential delays in realizing value from the platform.
  • Cost: The pricing structure, particularly for larger enterprises or those requiring advanced modules, can be a significant investment, potentially exceeding budgets or requiring careful cost-benefit analysis.

Key Features

  • Audit Management:  Users can concentrate on other tasks as the audit management module documents, plans and executes every job involved in conducting an audit. Users can also build any sort of audit they want like internal system, layered process, supplier assessments and third-party audits. 
  • Corrective and Preventive Action (CAPA):  IQS offers a CAPA tool that assists users in recognizing corrective and preventive actions such as notifications, responsibilities and escalations while recording the effects on people, processes and products. Users can review deadlines, resolve wrongdoings and complete effective reports of corrective actions by region, site, accountability and more. 
  • Product Management: The product management component oversees crucial changes to design requirements throughout several manufacturing locations and suppliers. Users can integrate this module with other ERP software to create data flow free of bottlenecks by diminishing data redundancy and inaccuracies. Users can archive and evaluate product revisions and record who made the latest revisions with the electronic signature tool. 
  • Manage Customer Objections: Users can promptly analyze customer complaint trends and costs by supplier, product, worksite, employee, region and more with the customer complaint management module. This tool can link with other solutions to join complaints with customer lists, part numbers and other information. Users can chronicle, administer and review every complaint and evaluate whether the cause, source or event is external or internal. 
  • Document Control:  IQS contains a document control module that enables users to search globally and employ fast retrieval. There's a web-based document viewer so users can shave time off downloading documents to view them, avoiding the risk of viewing outdated files. This accessory also enables users to track ownership, approvals and allocations for document revisions and publish documents for a company.  
  • Equipment Maintenance: The equipment management module automatically monitors users' spare parts and tools inventory, promptly schedules machine maintenance and develops compliance documentation digitally, saving trees. This accessory boosts productivity by employing data forecasting to predict when machinery needs a tune-up. Users can deplete downtime by allowing this tool to efficiently administer their spare parts inventory.  
  • Employee Training: Users can educate their workers on new technology programs with the employee training accessory. It performs periodic assessments of employee skills and chronicles them on a single interface. Users can track training records, employee skills, job descriptions and surveys across an organization. This module also tracks and assesses employee knowledge of new or revised files, policy awareness and certifications for specific workers. 
  • Failure Mode and Effects Analysis (FMEA) and Control Plan:  The FMEA tool enables users to use failure modes when generating requirements for item and function and process and function. The requirements can be prioritized by risk priority number (RPN). Users can employ the control plan tool to pinpoint how each operating characteristic is supervised, display which equipment is needed to create a product, locate the right machinery to measure the product, draft sample sizes and formulate the preferred amount of inspections and reaction plans.  
  • Calibrate Measurements: Users can use the gauge calibration module to chronicle and manage measuring gadgets and test equipment within one system. When users automate a large range of measurement system analysis (MSA) experiments, they can create a calibration schedule that's aligned to their manufacturing needs. This tool permits users to supervise calibration schedules in one core system with color-coded status fields. These status fields alert users when it's time to internally or externally adjust their machinery.  
AutoCAD
AutoCAD
Start Price
$255
Per User, Monthly
Company Size
Small Medium Large
Deployment
Cloud On-Premise
Platform
Mac Windows Linux Chromebook Android
Request Pricing Request Demo

Why We Picked AutoCAD

Since its debut in 1982, AutoCAD has become a cornerstone within the computer-aided design (CAD) software industry. It's renowned for its robust capabilities in creating intricate 2D and 3D designs, making it a go-to for professionals across various sectors such as architecture, engineering, and manufacturing. User reviews from the past year highlight both the strengths and weaknesses of this software.

AutoCAD's powerful drafting tools and extensive library of symbols and templates are frequently praised. Its ability to handle complex 3D modeling and generate precise technical drawings is a significant advantage over competitors like SolidWorks and CATIA, especially for projects requiring a high degree of detail and customization. However, the steep learning curve and the software's high cost can be deterrents for some users. Additionally, while AutoCAD excels in 2D drafting and 3D modeling, it may not be as specialized as some industry-specific software options when it comes to simulations or certain types of engineering analysis.

Overall, AutoCAD is best suited for experienced professionals who require a versatile and powerful CAD software for creating complex designs. Its comprehensive features and industry-standard file format make it an ideal choice for large-scale projects and collaboration across different disciplines. However, beginners or those on a tight budget may want to explore alternative options that offer a more user-friendly interface and a lower price point. Keep in mind that the software landscape is constantly evolving, so it's always a good idea to check for the latest updates and comparisons before making a decision.

Pros & Cons

  • Precise Measurements and Technical Drawings: AutoCAD's tools enable the creation of highly accurate and detailed technical drawings, which are essential for manufacturing processes. The software's precision ensures that designs can be reliably translated into physical products.
  • 3D Modeling and Visualization: AutoCAD facilitates the creation of 3D models, allowing manufacturers to visualize and test product designs before production. This capability helps identify potential design flaws and optimize products for functionality and aesthetics.
  • Streamlined Collaboration and Communication: AutoCAD files can be easily shared among team members, suppliers, and clients, promoting efficient collaboration and communication throughout the manufacturing process. The software's standardized file formats ensure compatibility and reduce the risk of miscommunication.
  • Cost: The significant upfront cost and ongoing subscription fees can be a barrier for smaller businesses or independent designers.
  • Complexity: The software's extensive features and functionalities can present a steep learning curve for new users, potentially hindering productivity.
  • Resource Consumption: AutoCAD's demanding hardware requirements can necessitate investments in powerful computers to ensure smooth operation, especially for complex projects.
  • Collaboration Challenges: Collaboration among team members or with external partners can be cumbersome, often requiring additional software or cloud-based solutions.
  • File Compatibility: Sharing or exchanging design files with users of other CAD software can lead to compatibility issues, potentially causing delays or requiring file conversions.

Key Features

  • 2D Drafting, Drawing and Annotation
    • Views: Name and save views effortlessly. Return to specific filters for reference or to add viewports. 
    • Purge: Delete several unneeded items via selection and object preview options. 
    • Arrays: Construct and edit models in circular, rectangular or straight paths 
  • 3D Modeling and Visualization
    • Rendering: Add lighting and particular materials to offer realistic 3D designs. These features also improve design communications. 
    • Visual Styles: Utilize these styles to manage edge, lighting and shading displays on 3D models. 
    • Model Documentation: Produce bases, projections, sections, detail views and other 2D drawings from 3D models. 
  • Collaboration
    • DWG Compare: Compare two drawings in the same window. 
    • Model References and Import: Add Navisworks models for drawings and input. 
    • Sheet Sets: Review, manage and plan numerous blueprints in different sheet sets. 
  • Installation and Customization
    • CUI Customization: Tailor user interfaces to strengthen accessibility while diminishing routine assignment phases. 
    • Action Recorder: Document commands and enter playback values as action macros. 
    • CAD Standards Checker: Initiate and watch CAD regulations to upkeep fluent layer, line type, text and dimension styles. 
Onshape
Onshape
Start Price
$1,500
Per User, Annually
Company Size
Small Medium Large
Deployment
Cloud On-Premise
Platform
Mac Windows Linux Chromebook Android
Request Pricing Request Demo

Why We Picked Onshape

Get ready to "shape" your perspective on product development software! Onshape has been making waves in the industry, but is it the right fit for your needs? Let's dive into what users have been saying over the past year.

Onshape's cloud-based nature is a major draw, offering seamless collaboration and version control that outshines traditional desktop-based CAD software like SolidWorks. Users rave about the real-time updates and the ability to work on projects simultaneously without stepping on each other's toes. The parametric modeling tools are also a hit, allowing for easy design modifications and iterations. However, some users find the interface less intuitive than other CAD software, leading to a steeper learning curve. Additionally, Onshape's reliance on a stable internet connection can be a drawback for those working in areas with unreliable connectivity.

So, who is Onshape perfect for? Teams that prioritize collaboration and real-time design updates will find Onshape to be a game-changer. Its cloud-based platform and parametric modeling capabilities make it ideal for fast-paced environments where agility and version control are crucial. However, individuals or teams who prefer a more traditional CAD experience or those with limited internet access may want to explore other options.

Pros & Cons

  • Version Control: Eliminates the need for manual file management, ensuring everyone on the team is always working with the latest design iteration. This streamlines collaboration and prevents version conflicts.
  • Cloud-Based: Provides access to design files from any location with an internet connection, enabling remote work and collaboration. This is particularly beneficial for teams with members in different geographic locations or those who travel frequently.
  • Parametric Modeling: Allows for easy modification of designs by changing parameters, such as dimensions or features. This makes it simple to explore different design options and iterate quickly.
  • Collaboration Tools: Offers features such as real-time co-editing and commenting, which facilitate communication and collaboration among team members. This helps to ensure that everyone is on the same page and that feedback is incorporated efficiently.
  • Limited Offline Functionality: Onshape's cloud-based nature presents challenges for users with unreliable internet access or those who require offline editing capabilities, hindering productivity in certain work environments.
  • Learning Curve and Complexity: Onshape's extensive feature set and unique approach to parametric modeling can lead to a steep learning curve for new users accustomed to traditional CAD software, potentially requiring additional time investment for proficiency.
  • Performance Considerations: While Onshape generally performs well, users with complex assemblies or resource-intensive operations may experience occasional performance lags or delays, particularly when working on lower-spec systems or with limited internet bandwidth.

Key Features

  • Data Management
    • Release Management and Approval Workflows: Unleash locations, validations and archives of multiple design files in minutes rather than hours. Reference contents for any specific release for any timeframe.
    • Real-Time Analytics: Employ the activity overview dashboard to gain a simplified review of employee or external vendor information. Make better thought-out decisions when issuing resources. 
    • Edit History: Govern infinite undo and redo options during any phase of the editing process. Gain a thorough list of performed actions made to the drawing document and return to an earlier version as necessary. 
    • Compare: See design modifications in written and visual forms and compare two versions side by side. 
  • Collaboration
    • Branching and Merging: Discover variant designs with branches from the core blueprint. Combine the ideal traits of various plans into one drawing. 
    • Live Comments/Assigning Tasks: Share comments within the design document seamlessly. Delegate tasks to specific employees or a team rapidly. 
    • Markups: Mark up designs and parts in one place easily without clarification emails. 
  • Workflow
    • Automatic Part Number Creation: Utilize sequential part numbering automatically. When a new object is released, the following part number appears. Replicated numbers are blocked. 
    • Automation: Use automatic workflows to supervise all approval and revision control part phases. Automate assemblies, blueprints and imported documents and develop tailored workflows explicitly linked to business processes. 
    • Non-Blocking Releases: Develop and release candidates for verification without blocking projects from further editing. 
  • Part Studio
    • FeatureScript: Execute intricate rules based on recurring design assignments to expedite designing operations. Write and share custom features with other teammates. 
    • Import Data: Upload multiple CAD files, including STEP, Parasolid, SOLIDWORKS, JT, CATIA, NX, Creo and Inventor. 
Sage X3
Sage X3
Start Price
$24,000
Annually
Company Size
Small Medium Large
Deployment
Cloud On-Premise
Platform
Mac Windows Linux Chromebook Android
Request Pricing Request Demo

Why We Picked Sage X3

User reviews of Sage X3 reveal a powerful ERP solution with a strong emphasis on scalability and flexibility. Users praise its ability to adapt to specific business needs and grow alongside a company's expansion. One user highlights this strength, stating, "Sage X3 offers extensive customization options to adapt to your unique business processes and workflows. This allowed us to tailor the software to our specific needs and avoid being forced to adapt our processes to the software." This flexibility is crucial for businesses operating in dynamic environments. However, some users find the initial setup and learning curve of Sage X3 to be complex and challenging. One reviewer notes, "While the extensive customization options can be a benefit, they can also make it more difficult to upgrade and maintain the software. This can lead to increased costs and system downtime." These concerns are particularly relevant for smaller businesses with limited IT resources. Despite the complexities, many users appreciate Sage X3's superior reporting capabilities compared to competitors like Microsoft Dynamics 365 Business Central. One user points out, "While Microsoft Dynamics 365 Business Central provides basic reporting capabilities, some users find it to be insufficient for their needs. Sage X3, on the other hand, offers deeper insights and flexible reporting options." This advantage enables businesses to make data-driven decisions with greater confidence. Overall, Sage X3 earns positive user reviews for its robust features, adaptability, and strong reporting capabilities. However, its complexity and potential cost considerations require careful evaluation before implementation. Choosing the right ERP solution depends on a company's specific needs, resources, and long-term growth plans.

Pros & Cons

  • Seamless Interface: Of the users who discussed the user interface, 45% said it was easy to use.
  • Vast Amount of Features: This software is equipped with an abundant amount of features including a dashboard, reporting, inventory management, accounting, and fixed assets, according to 76% of users.
  • Scalability: Sage X3 can grow with your business, accommodating increasing data volumes and user needs. This is crucial for businesses that anticipate significant growth in the future.
  • Flexibility: Sage X3 offers extensive customization options to adapt to your unique business processes and workflows. This allows you to tailor the software to your specific needs and avoid being forced to adapt your processes to the software.
  • Integration: Sage X3 seamlessly integrates with other business applications, streamlining data flow and eliminating silos. This improves efficiency and productivity by giving you a unified view of your business data.
  • Security: Sage X3 employs robust security measures to protect your sensitive data. This gives you peace of mind knowing that your information is safe.
  • Support: Sage provides comprehensive training and support resources to help you get the most out of your investment. This ensures that you have the resources you need to be successful with Sage X3.
  • Old-Fashioned Design: Roughly 54% of users stated Sage Business Cloud X3 has a clunky implementation process and an old-fashioned design.
  • Unexpected Error Messages: According to 76% of users, vague and unexpected error messages appear far too often.
  • Complexity: Sage X3 can be complex and challenging to learn and use, especially for businesses with limited IT resources. This can lead to user frustration and errors.
  • Cost: Sage X3 can be expensive to implement and maintain, especially for small businesses. The initial licensing fees, ongoing subscription costs, and potential customization expenses can be significant.
  • Reporting: While Sage X3 provides basic reporting capabilities, some users find it to be insufficient for their needs. Advanced reporting often requires the use of additional third-party tools or customization.
  • Customization: While the extensive customization options can be a benefit, they can also make it more difficult to upgrade and maintain the software. This can lead to increased costs and system downtime.
  • Support: Some users have reported that Sage's customer support can be slow and unresponsive. This can be frustrating when you need help troubleshooting issues or resolving problems.

Key Features

  • Budgeting and Accounting: Sage X3 contains essential accounting functions such as accounts payable and receivable, general ledger, budgeting and fixed asset management. The system allows for an unlimited number of currencies to be used and contains exchange rates to help global companies centralize their finances. Tax management is also included in this tool. 
  • Purchasing: The purchasing tool includes supplier and product management features, purchase requests and supplier invoices among many other components. The tool allows users to monitor the quality of suppliers, manage product serial numbers, take requests for quotation into account and calculate reorder suggestions. 
  • Inventory Management: The inventory management tool has multi-warehouse, multi-company and multi-site support, meaning users may track and manage inventory across various geographic locations. The program also includes quality control features and can assist in the tracking and preparation of stock movements. 
  • Sales Management: Sage X3’s sales management tool enables transactions conducted across different sites to be done automatically. It allows for different prices and discounts to be applied along with also controlling sales quotes and shipment preparation. It assists in the creation of invoices and is compliant with the EU Exchange of goods declaration. 
  • BOM Planning: BOM management is a component of the production management tool that allows users to conduct changes for a product and BOM. With this system, users may control the use of a product in different flows, such as sales, manufacturing, subcontracting and stock issues. Mass maintenance and a view of current bills of material are also provided. 
  • Shop Floor Control: Sage X3’s shop floor control component accounts for direct and indirect labor. Users can also track actual and elapsed time spent working on various tasks. Important labor factors such as break time entry and attendance are included to help ensure that time is being used efficiently and appropriately. 
  • Quality Control: This system supports the management of expiration dates, quality control record creation and serial number management. Stock can also be marked as either accepted, rejected or inspected so items that don’t meet standards won’t get sent to customers. Re-inspection and sampling management are also included in Sage X3. 

Pricing

License/Subscription Cost On-premise:
  • Perpetual license fee includes an upfront cost to own the software plus IP for a fixed term, along with a server license on top of the named user license, maintenance and support fees, customization, implementation and integration
Cloud-based/SaaS:
  • Recurring subscription-based model: per module, per user, per month
  • The monthly subscription price includes access to Sage Business Cloud X3, Sage Business Care support and access to all updates and upgrades
  • Actual licenses and subscriptions for Sage Cloud are also sold through Sage Certified Partners
Maintenance Cost On-premise:
  • Cost is above and beyond the license fee
  • Users have to enter into a maintenance agreement for annual support and maintenance, the cost of which is in the range of 10% to 20% of the original license fee
Cloud-based/SaaS:
  • Not included in the subscription cost
  • Additional upgrades and updates are included in the subscription fee via Sage Business Care support
Installation/Implementation Cost On-premise:
  • Cost is above and beyond the upfront license cost
Cloud-based/SaaS:
  • Cost is over and above the subscription cost
For both types of deployment:
  • Cost varies based on number of users, system architecture, implementation scope and complexity, company size, industry, additional applications, add-ons and third-party integrations
  • Cost varies depending on who’s providing the implementation services: Sage, in-house or outsourced/third-party
  • Cost varies depending on the implementation partner chosen and is typically charged on a per-hour basis
Customization Cost
  • For both types of deployment, cost varies depending on applications and modules added, such as materials management, sales & order management, financial management, production management and CRM
  • Cost varies depending on data elements to be tracked, UI changes, workflows complexity, dashboard, management and operational requirements
Data Migration Cost/Change Management/Upfront Switching Cost
  • For both types of deployment, cost varies depending on the amount of data to be migrated, availability of migration tools, complexity of data and gaps between the existing system and the new system
Recurring/Renewal Costs On-premise:
  • Annual recurring fees are paid over and above the upfront cost for annual renewal, upgrades, ongoing support and maintenance, customization, third-party integration and training
Cloud-based/SaaS:
  • Renewal cost is included in the subscription, based on number of users, add-on user licenses, customization, third-party integration and training

COMPARE THE BEST Manufacturing Accounting Systems

Select up to 2 Products from the list below to compare

 
Product
Score
i
SelectHub’s Analyst Rating is based on data from our 400+ point analysis of Manufacturing Accounting Systems, user reviews, and our own crowd-sourced data from our free software selection platform. Scores are periodically updated via ongoing selection projects and user activity within our platform.
Start Price
Free Trial
Company Size
Deployment
Platform
Logo
Odoo
$24.90
Per User, Monthly
Yes
Small Medium Large
Cloud On-Premise
Mac Windows Linux Chromebook Android
Odoo
Acumatica
$4,000
Monthly
Yes
Small Medium Large
Cloud On-Premise
Mac Windows Linux Chromebook Android
Acumatica
NetSuite
$999
Per User, Monthly
Yes
Small Medium Large
Cloud On-Premise
Mac Windows Linux Chromebook Android
NetSuite
E2 Shop System
$4,995
Monthly
No
Small Medium Large
Cloud On-Premise
Mac Windows Linux Chromebook Android
E2 Shop System
Striven
$35
Per User, Monthly
Yes
Small Medium Large
Cloud On-Premise
Mac Windows Linux Chromebook Android
Striven
Fishbowl Manufacturing
$329
Monthly
Yes
Small Medium Large
Cloud On-Premise
Mac Windows Linux Chromebook Android
Fishbowl Manufacturing
IQS
$50,000
Annually
No
Small Medium Large
Cloud On-Premise
Mac Windows Linux Chromebook Android
IQS
AutoCAD
$255
Per User, Monthly
Yes
Small Medium Large
Cloud On-Premise
Mac Windows Linux Chromebook Android
AutoCAD
Onshape
$1,500
Per User, Annually
Yes
Small Medium Large
Cloud On-Premise
Mac Windows Linux Chromebook Android
Onshape
Sage X3
$24,000
Annually
Yes
Small Medium Large
Cloud On-Premise
Mac Windows Linux Chromebook Android
Sage X3

All Manufacturing Accounting Systems (87 found)

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Odoo

by Odoo
Odoo
Odoo offers more than 10,000 integrated business applications for website building, sales, business operations management and employee productivity. It’s available for deployment through the cloud or on-premises, and they offer implementation services. It’s suitable for businesses of all sizes and budgets. Its open-source model and strong technical foundation is developer-friendly and allows users to customize to meet their specific needs. With that being said, it's good for businesses that may have unique requirements. It’s fairly low cost of ownership and ability to centralize all business processes provides ample opportunity for reducing costs. Its integration capabilities allows the user to work from one centralized location, which ultimately can save an organization time.
User Sentiment User satisfaction level icon: great
Cost Breakdown
$10 - $100
Company Size
Small Medium Large
Deployment
Cloud On-Premise
Platform
Mac Windows Linux Chromebook Android
Request with no obligation:
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Acumatica

by Acumatica
Acumatica
Acumatica is cloud-based enterprise resource planning (ERP) software. It handles core business processes like financials, manufacturing, payroll, service management, order management and customer relationship management (CRM) for medium-sized companies and large enterprises.A standout feature is its open architecture, making it easy to customize and connect to existing apps. Data security functions include multi-factor authorization (MFA) and IP access restrictions.Recent reviews are positive about its user-friendly interface, scalability and functionality. While costing more than some basic ERP software, Acumatica offers robust features like project management, advanced reporting and inventory control, making it a good choice for growing businesses seeking to centralize and automate operations.Compared to its competitors, users appreciate its flexibility and accessibility. However, its extensive customization options is a double-edged sword, requiring developer knowledge for complex modifications and integrations. While Acumatica's breadth of functionality is impressive, it can present a steeper learning curve for users new to the platform.Acumatica offers a subscription-based model based on depth of functionality. This pricing structure allows unlimited user access to the system. The final price depends on added modules, consumption levels (including storage and transaction volumes) and licensing costs.
User Sentiment User satisfaction level icon: great
Cost Breakdown
$1,000 or more
Company Size
Small Medium Large
Deployment
Cloud On-Premise
Platform
Mac Windows Linux Chromebook Android
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NetSuite

by NetSuite, Inc.
NetSuite
NetSuite ERP is a cloud-based enterprise resource planning (ERP) solution designed to automate and streamline core business processes. It manages all aspects of a company's operations, including financials, accounting, inventory, supply chain, and customer relationship management (CRM). NetSuite is best suited for mid-sized and large businesses with complex needs who require a comprehensive solution to manage their growth. Key benefits include improved visibility, real-time data access, increased efficiency, and enhanced collaboration. Popular features include order management, project management, financial reporting, and business intelligence. User reviews praise NetSuite's scalability, flexibility, and ease of use. However, some users mention the initial implementation cost and learning curve as drawbacks. Pricing is tiered based on the number of users and modules required. Monthly subscription fees can range from $999 to $4,999 per month. Additionally, one-time implementation fees may apply. Pros Scalable Flexible Easy to use Real-time data Improved visibility Cons High cost Steep learning curve Limited customization Integration issues Vendor lock-in
User Sentiment User satisfaction level icon: great
Cost Breakdown
$500 - $1,000
Company Size
Small Medium Large
Deployment
Cloud On-Premise
Platform
Mac Windows Linux Chromebook Android
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E2 Shop System

by Shoptech Software
E2 Shop System
E2 Shop System is a solution that manages job shops and made-to-order, mixed-mode and job-based manufacturing. It is available in a cloud-based or on-premise deployment model and gives users the flexibility to handle job schedules and change customer due dates. Users can control their data, clock out and on jobs, and update their inventory from their mobile apps. It is suitable for assembly, fabrication, foam, mold, captive shops and more. It gives users real-time tracking insights into the manufacturing shop floor. It supports job tracking and costing and handles the complexities of printed circuit boards to keep production expenses low.
User Sentiment User satisfaction level icon: great
Cost Breakdown
$1,000 or more
Company Size
Small Medium Large
Deployment
Cloud On-Premise
Platform
Mac Windows Linux Chromebook Android
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Striven

by Miles Technologies
Striven
Striven is a cloud-based, all-in-one business management ERP platform with more than 20 years of experience in helping companies succeed by connecting and improving core business processes. With fully integrated accounting, CRM, inventory, project management and human resources features, it's comprehensive and robust. It helps users achieve total data transparency, unite their divisions and remote teams, develop reports in real time, predict and analyze, and save money on your subscription. The software is powerful, user-friendly and customizable to the specific needs of businesses in every industry.
User Sentiment User satisfaction level icon: excellent
Cost Breakdown
$10 - $100
Company Size
Small Medium Large
Deployment
Cloud On-Premise
Platform
Mac Windows Linux Chromebook Android
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Fishbowl Manufacturing

by Fishbowl
Fishbowl Manufacturing
Fishbowl Manufacturing is an ERP that keeps users one step ahead of their competitors by automating intricate tasks and time tracking. It monitors inventory and streamlines production to ensure products are delivered to patrons in a timely manner. Work orders, bill of materials (BOM), shipping, inventory management and barcode scanning are a few of its quintessential features.
User Sentiment User satisfaction level icon: great
Cost Breakdown
$100 - $500
Company Size
Small Medium Large
Deployment
Cloud On-Premise
Platform
Mac Windows Linux Chromebook Android
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IQS

by Cority
IQS
Cority's IQS is a SaaS program that extends quality management and compliance to aid clients in cooperating with regulations and producing high-quality products. It converts challenging and everyday tasks into painless operations. It's designed by quality experts for quality professionals to review and identify problems that arise in supply chains, execute corrective actions and allocate change management.
User Sentiment User satisfaction level icon: great
Cost Breakdown
$1,000 or more
Company Size
Small Medium Large
Deployment
Cloud On-Premise
Platform
Mac Windows Linux Chromebook Android
Request with no obligation:
Demo Pricing

AutoCAD

by Autodesk
AutoCAD
AutoCAD is a computer-aided design system that drafts accurate 2D and 3D product designs. It develops, documents and crafts 2D shapes and 3D models via surfaces, solids and other types. It's customizable with integrated apps and APIs.Its main offerings include performance enhancements, sharing, fast measure, layouts, tables and rendering. It streamlines drawing comparisons, counting, scheduling, block adding and other responsibilities automatically. It's available for Windows and Mac OS.
User Sentiment User satisfaction level icon: excellent
Cost Breakdown
$100 - $500
Company Size
Small Medium Large
Deployment
Cloud On-Premise
Platform
Mac Windows Linux Chromebook Android
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Onshape

by Onshape
Onshape
Onshape is a cloud solution that integrates CAD, data management, real-time collaboration and KPI management. It connects stakeholders, business executives, product designers and other key players in one centralized location to share updates seamlessly. It stores designs and tracks every change made.It includes data management, workflow, parts, analytics and reporting. It establishes email and alert triggers. It offers concurrent BOM creating, managing and editing.
User Sentiment User satisfaction level icon: excellent
Cost Breakdown
$1,000 or more
Company Size
Small Medium Large
Deployment
Cloud On-Premise
Platform
Mac Windows Linux Chromebook Android
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Sage X3

by Sage Group
Sage X3
Sage X3 is a comprehensive enterprise resource planning (ERP) solution designed to deliver industry-specific solutions for food and beverage, discrete and process manufacturing, distribution, chemicals, and services. Core features include integrated finance, production and supply chain management, as well as real-time demand forecasting and inventory monitoring. It also offers complete traceability and quality control. Primarily geared towards businesses with complex needs and international operations, Sage X3 boasts robust multi-currency, multi-language, and multi-company capabilities. It also helps ensure compliance with regulatory standards. Its extensive customization, coupled with cloud and on-premise deployment options, allows businesses to tailor the software and environment to their specific requirements.Some of the key benefits users highlight include improved financial control, optimized inventory management, enhanced project visibility, and streamlined collaboration. Additionally, the solution's intuitive interface and user-friendly features are frequently commended, making it easier for employees to adopt and utilize. While user experiences vary, overall sentiment leans positively towards Sage X3. Users appreciate its comprehensive functionality, scalability, and flexibility. However, some note the initial setup and configuration can be complex, requiring professional assistance.Pricing for Sage X3 is based on factors like the number of users, modules selected, and implementation services required. It typically falls within the mid-range of ERP solutions, with costs varying depending on individual configurations. Pros Rich features and functionality Flexible and customizable Improved financial control Streamlined operations Enhanced business visibility Cons Complex initial setup May require professional assistance Mid-range pricing Limited reporting capabilities (out-of-the-box) Steeper learning curve
User Sentiment User satisfaction level icon: great
Cost Breakdown
$1,000 or more
Company Size
Small Medium Large
Deployment
Cloud On-Premise
Platform
Mac Windows Linux Chromebook Android
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ERPNext

by Frappe
ERPNext
ERPNext is an open-source business solution that caters to small, medium and large-scale industries. It implements with minimum budget and resource usage, making it feasible for start-ups. It offers comprehensive processes to streamline retail management, track inventory, manage customers and increase ROI. It has a multilingual website builder to manage content and eCommerce needs. It provides built-in integrations with Google, Slack, PayPal, Shopify and more to centralize business operations.
User Sentiment User satisfaction level icon: excellent
Cost Breakdown
$10 - $100
Company Size
Small Medium Large
Deployment
Cloud On-Premise
Platform
Mac Windows Linux Chromebook Android
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Global Shop Solutions

by Global Shop Solutions
Global Shop Solutions
Global Shop Solutions integrates processes such as financial management, manufacturing management and customer relationship management into one centralized location. It leverages shared data to automate workflows and increase employee productivity. Insights are easily visualized through customizable dashboards and reports that are accessible based on user-defined permissions.Compliance management is another key element and enables users to maintain historical records of quality checks for internal and external audits. Users can track the customer lifecycle as well to ensure that leads are cultivated and sales pitches are tailored.
User Sentiment User satisfaction level icon: great
Cost Breakdown
$1,000 or more
Company Size
Small Medium Large
Deployment
Cloud On-Premise
Platform
Mac Windows Linux Chromebook Android
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Treatstock

by Treatstock
Treatstock
Treatstock is a cloud-based software platform designed to streamline the manufacturing process for small and medium-sized businesses. It centralizes key operations like quoting, order management, production planning, and inventory control in a single, user-friendly interface. This fosters improved efficiency, visibility, and collaboration throughout the manufacturing workflow. Treatstock caters to diverse manufacturers, from custom furniture makers to metalworkers and electronics producers. Its core benefits include reduced paperwork, streamlined communication, and optimized resource allocation. Popular features include a drag-and-drop production scheduler, real-time inventory tracking, and built-in customer relationship management (CRM) tools. Compared to traditional, manual methods or basic scheduling software, Treatstock offers a more comprehensive and data-driven approach, empowering manufacturers to make informed decisions, boost productivity, and scale their operations efficiently. Pricing for Treatstock is typically based on a monthly subscription fee, with tiers scaled to the number of users and features required. This pay-as-you-go model eliminates upfront costs and makes it accessible to businesses of all sizes. Pros Intuitive interface Streamlined workflows Real-time data visibility Customizable features Strong customer support Cons Limited in-depth reporting Occasional bugs or glitches Learning curve for new users Costs can increase with growth Integrations with 3rd party tools
Cost Breakdown
$10 - $100
Company Size
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Deployment
Cloud On-Premise
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Plex Systems

by PLEX Systems
Plex Systems
Plex Manufacturing Cloud uses real-time data to connect and facilitate operations among various business aspects such as finance, distribution and production. It has built-in compliance and approval monitoring tools to ensure that your products are created accurately and with regulations in mind.With Plex software, you also have the ability to develop customized reports and dashboards to make visualization easier and more streamlined. These reporting tools can make developing insights faster and easier, especially when considering the program’s use of actual minute-by-minute data.
User Sentiment User satisfaction level icon: good
Cost Breakdown
$100 - $500
Company Size
Small Medium Large
Deployment
Cloud On-Premise
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Macola

by Macola Software
Macola
Macola provides business solutions to small and medium-sized distribution and manufacturing companies. It increases the accuracy and speed of managing a business and streamlines operations in complex manufacturing and distribution environments. It allows users to configure workspaces at user level without consultants or developers. It also streamlines processes such as workflows, automation and document management. It enhances how customers interact with the businesses, improving accuracy, speed and reliability. It offers access via mobile apps and the web, business intelligence, and automated workflows. Pros Strong inventory management Robust financial reporting Customizable to specific needs Scalable for growth Long-standing industry presence Cons Steeper learning curve Limited mobile accessibility Potential customization costs Dated interface (in some versions) Compatibility concerns with newer tech
User Sentiment User satisfaction level icon: good
Cost Breakdown
$500 - $1,000
Company Size
Small Medium Large
Deployment
Cloud On-Premise
Platform
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Infor M3

by Infor, Inc.
Infor M3
Infor M3 is a cloud-based enterprise resource planning solution for medium and large global distributors, manufacturers and after-sales service providers. It helps manage complex, mixed-mode value chains and distribution-intensive environments. It provides exceptional user experiences, flexible implementation options and industry-relevant capabilities in a multi-country, multi-site and multi-company environment. Organizations can adapt to industry trends, business models and boost their business’s growth. It has deep capabilities in chemicals, distribution, equipment, fashion and food and beverage industries. It provides on-demand computing with industry-specific capabilities to provide customer service. It is deployed on Amazon Web Services, providing service at low costs with a secure environment. It is available in 23 languages and supports local requirements for 42 countries.To explore other popular solutions that Infor offers, visit our Infor company page.
User Sentiment User satisfaction level icon: good
Cost Breakdown
$1,000 or more
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Deployment
Cloud On-Premise
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DELMIAworks

by Dassault Systems, Inc.
DELMIAworks
DELMIAworks (formerly IQMS) contains integrated processes such as supply chain, finances, CRM, capacity planning and employee activity boosts. It detects and addresses operation obstacles. Implement real-time intel to accommodate varying clientele needs and gain up-to-date operation snapshots. It's available for the cloud and on-premise deployments for better flexibility across industries and business sizes. Reduce scrap levels and boost repair times. It can also push for more on-time deliveries.
User Sentiment User satisfaction level icon: great
Cost Breakdown
$1,000 or more
Company Size
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Deployment
Cloud On-Premise
Platform
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QAD ERP

by QAD
QAD ERP
QAD ERP is a comprehensive manufacturing software solution designed to streamline and integrate core business processes across manufacturing organizations. It's particularly well-suited for mid-sized to large manufacturers in industries such as automotive, consumer products, food and beverage, life sciences, and industrial equipment. Key benefits include improved visibility and control over operations, enhanced collaboration, and boosted productivity. Popular features encompass financial management, supply chain management, production planning, inventory management, quality management, and customer relationship management. According to user experiences, QAD ERP stands out for its deep industry-specific capabilities, user-friendly interface, and strong customer support. Pricing is typically based on a per-user, per-month subscription model, with costs varying depending on the number of users, modules, and deployment options. Pros Industry-specific features User-friendly interface Strong customer support Improved visibility and control Enhanced collaboration Cons Complex implementation High customization costs Steeper learning curve Limited reporting capabilities Potential integration challenges
User Sentiment User satisfaction level icon: good
Cost Breakdown
$1,000 or more
Company Size
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Deployment
Cloud On-Premise
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Kenandy

by Kenandy
Kenandy
Kenandy Cloud ERP integrates front- and back-office business processes to streamline and automate workflows. The system is built on the Salesforce platform and is accessible through the cloud. It’s a suitable solution for businesses of all sizes and specializes in companies that have a heavy manufacturing element in day-to-day business.Some of the program’s main features include supply chain management, manufacturing management and distribution management. The solution also offers real-time visualization of data and the ability to generate customized reports based on business needs. The system can be implemented relatively quickly and contains automated features such as reconciliation and quote creation.
User Sentiment User satisfaction level icon: fair
Cost Breakdown
$100 - $500
Company Size
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Deployment
Cloud On-Premise
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Datacor ERP

by Datacor
Datacor ERP
Datacor ERP (formerly Chempax) is a comprehensive solution designed for process manufacturers and chemical distributors. It facilitates centralized inventory management and procurement, business intelligence, manufacturing, accounting, customer relationship management and more. It helps users streamline operations in every department, maintain data integrity and develop efficient business processes to boost productivity. With a straightforward implementation process devoid of programming, users can leverage the solution to make smart business decisions and drive change.
User Sentiment User satisfaction level icon: great
Cost Breakdown
$1,000 or more
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Buyer's Guide

Manufacturing Accounting Systems Are All About Managing Production Expenses

By Khaleel Hayes, Technical Content Writer at SelectHub

Manufacturing Accounting Systems BG Intro

You found this page for three possible reasons:

A). You want a manufacturing system to enhance your production and bookkeeping operations. B). You're still determining if manufacturing accounting systems are worth your time, but you want to learn more. Or C). You're an accounting and manufacturing software fanatic.

Either way, this buyer's guide maps out everything you need to fully understand this solution, from primary benefits and features to pricing considerations, software examples, and more.

Executive Summary

  • Businesses use manufacturing accounting systems to streamline bookkeeping operations across facilities.
  • Key features include invoicing, bank reconciliation, financial reporting, tax management and more.
  • Ask potential vendors questions about the system before purchasing.
What This Guide Covers:

What Is a Manufacturing Accounting System?

Manufacturing accounting systems are solutions that merge the best qualities of manufacturing and accounting tools in one platform to manage financial and production operations.

Andrew Gosselin, CPA and senior editor at The Calculator Site, described some perks of investing in accounting and manufacturing software.

When companies rely on outdated methods like spreadsheets to handle important tasks like invoicing, expenses and inventory, it usually leads to wasted time and mistakes. By connecting software for things like billing, expenses, stock levels and reports, manufacturers can get organized. Having accounting software handle invoicing saves duplicating work. Expense tracking is also streamlined, with real-time insights into what you're spending on different things."

Related Categories

Jon Morgan, CEO and editor-in-chief of Venture Smarter, described manufacturing accounting software as a means of "better resource allocation, helping companies adapt to changing market conditions more effectively."

Morgan also mentioned that this system's automation tools "significantly reduce the risk of errors and enhance the overall reliability of financial data, a critical aspect for any business."

Melissa Terry, CFA for VEM Tooling, said manufacturing accounting software "helped us to manage all financial transactions and operations specific to the manufacturing industry."

The Most Popular Manufacturing Accounting Systems

Here's a thorough, though not exhaustive, list of the most popular manufacturing accounting systems with their top features, benefits and limitations.

Dynamics 365 Finance

One of many manufacturing accounting systems, Dynamics 365 Finance automates and updates worldwide financial operations. It caters to all business sizes and runs on the cloud. Top features include reporting, financial planning and compliance.

Dynamics 365 Finance

An example of Dynamics 365 Finance's sales order tools.

Dynamics 365 Finance Overview
Analyst Rating 83
User Sentiment Score 89%
Free Trial 30-day free trial, but you must talk to a salesperson for access.
Deployment Cloud
Company Size S M L
Starting Price $180 per user per month
What It’s Best For
Module SelectHub Analyst Score
Tax Management 100
Financial Statements and Bookkeeping Services 100
Estimate and Invoice Management 87
Expense Management 79
Revenue and Billing 75
Pros & Cons From User Reviews
Pros Cons
  • Simple Interface: 60% of users found this system had a user-friendly interface and helpful implementation resources.
  • Features: 63% said this accounting and manufacturing software had all the necessary modules for their organization's needs.
  • System Performance: 45% of users reported that this system had performance lags because it only offered limited space to store data and had a slow loading process.

SAP S/4HANA Finance

This accounting and manufacturing software offers a conventional view of financial and operational data, detailed reporting, and intuitive automated operations. Top features include marketing analysis, manufacturing, supply chain management and more.

SAP S/4HANA Finance

A preview of SAP S/4HANA Finance's interface.

SAP S-4HANA Finance Overview
Analyst Rating 81
User Sentiment Score 86%
Free Trial 14-day free trial for SAP S/4HANA Cloud.
Deployment Cloud
Company Size S M L
Starting Price Still Gathering Data
What It’s Best For
Module SelectHub Analyst Score
Tax Management 100
Revenue and Billing 92
Financial Statements and Bookkeeping Services 89
Expense Management 81
Inventory Management 72
Pros & Cons From User Reviews
Pros Cons
  • Performability: 68% of users who discussed this solution's overall performance said it was fast, reliable, improved operations and was available for cloud, on-premise and hybrid deployments.
  • Accessories: 63% of users said this system offered the right features for their company's requirements.
  • Interface: 57% of reviewers stated this system was not intuitive or user-friendly.

Workday Financial Management

Workday Financial Management is accounting and manufacturing software that automates bookkeeping workflows and offers in-depth business data. This cloud system serves all business sizes.

Top features include grant management, analytics and reporting, expenses, and revenue management.

Workday Financial Management

A preview of Workday Financial Management's financial capabilities.

Workday Financial Management Overview
Analyst Rating 73
User Sentiment Score 84%
Free Trial Still gathering data
Deployment Cloud
Company Size S M L
Starting Price Still gathering data
What It’s Best For
Module SelectHub Analyst Score
Financial Statements and Bookkeeping Services 89
Expense Management 78
Revenue and Billing 77
Estimate and Invoice Management 71
Tax Management 63
Pros & Cons From User Reviews
Pros Cons
  • Centralization: 90% of users mentioned this accounting and manufacturing software had great HR, financial and other platform integrations.
  • Features: 78% of reviewers said this manufacturing accounting software had superb scalability, financial and reporting tools.
  • User-Interface: 63% of reviewers stated that the UI was clunky and hard to navigate.

Primary Benefits

Accounting and manufacturing software offers numerous benefits to improve your business workflows.

Manufacturing Accounting Systems Benefits

Save Money

This system can reduce errors and operational costs, saving time and money during operations.

Morgan discussed how this system can reduce labor fees.

Manufacturing accounting software plays a pivotal role in cost savings by automating repetitive tasks, reducing the likelihood of errors and enhancing overall efficiency. This not only saves time but also minimizes the need for manual intervention, decreasing labor costs."

Improve Customer Retention

This solution can streamline workflows for better on-time deliveries and profits.

Morgan stated that since this system streamlines order processing, inventory management and on-time deliveries, you gain more satisfied customers.

By making better choices based on real-time data and analytics, companies can adapt to market changes, optimize production schedules and invest resources wisely, ultimately contributing to long-term success."

Make Wiser Decisions

Gather more financial and workflow data to make more informed choices regarding operations, employees, resources and more.

Standalone business intelligence (BI) or business analytics (BA) tools can also garner in-depth workflow, client, operational and other vital performance metrics to help you make better business and operational decisions.

Centralize Workflows

Merge accounting and manufacturing workflows into one hub for better centralization and real-time collaboration to keep everyone on the same page.

Gosselin described how this consolidation reduces stress from manual tasks.

Traditionally, with separate ways of doing things, small problems in production have to be written down and passed up. This paperwork delay causes solutions to take longer. But apps and tablets connected to the central database let any employee quickly log defects, shortages or breakdowns digitally. Supervisors and buyers get notifications right away, allowing fast responses.

"At their core, manufacturing accounting [software] brings financial and production data together smoothly in a way spreadsheets can't match."

Terry said other benefits include reducing calculation errors, simplifying bookkeeping workflows and offering real-time data on a company's financial status.

These benefits are crucial because they enhance overall efficiency and decision-making, allowing companies to stay financially robust and competitive."

Key Features & Functionality

Invoicing

Develop thorough invoices for orders, parts and more.

Draft estimates, create multiple reports and statements, adjust sales tax and more with the proper billing and invoicing tools.
Expense Tracking

Expense tracking tools can offer digital time trackers, mobility, location verification and more to simplify fee tracking.
Bank Reconciliation

Conduct bank reconciliations to assess balance sheets with bank statements for adequate recordkeeping.
Financial Reporting

Develop numerous financial documents, such as cash flow statements, balance sheets, income statements and more.
Tax Management

Use tax management software to perform sales expense management, banking, adjustments, calculation, tax audit reporting and more.
Inventory Management

Manage inventory in real time.

Establish minimum quantities and receive alerts to diminish stockouts.

Terry said these features "allow manufacturers to track raw material costing, calculate total costs for assemblies and subassemblies, track inventory and place orders for raw materials automatically."

Gosselin advocated for inventory management and centralization tools as necessary for manufacturing accounting tools.

Tracking materials and finished goods is complicated but vital to the bottom line. Only with current inventory data available at all times can managers make smart choices. Connected systems also help workers. When production staff have the right digital tools, it empowers them to work efficiently while improving quality."

Morgan said, "In my role at VentureSmarter, I've found that efficient invoicing and expense tracking streamline financial transactions, ensuring timely payments and accurate expense records."

Morgan also stated that robust reporting tools offer "valuable insights into financial performance, helping businesses make informed decisions and plan for future growth strategically."

Terry said strong data security like encryption and access permissions are "vital to protect against potential breaches. Manufacturing accounting software often deals with sensitive financial information."

Software Comparison Strategy

Use a strategy when searching for suitable manufacturing accounting systems to meet your company's goals.

Gosselin said organizations should zero in on "cultural fit, change guidance and customization" when reviewing vendors. He added: "A smooth setup maximizes the benefits through engaged use and fast impacts. The results speak for themselves."

Morgan recommended prioritizing user-friendly interfaces and customer support.

The implementation process should be seamless, and the software should be intuitive for users with varying levels of technical expertise. Adequate training and support resources ensure that employees can maximize the software's capabilities, contributing to a smooth transition.

"Additionally, considering the scalability of the software is crucial. As the business evolves, the accounting software should be able to grow with it. Future-proofing your investment ensures that the software remains a valuable asset in the long run."

Terry mentioned that the ideal accounting and manufacturing software that's user-friendly and aligns with a company's growth plan "will contribute to a smoother transition and long-term success."

We offer our Lean Selection Methodology to help you find the right software for any company size or industry in nine steps.

Manufacturing Accounting Systems Lean Selection Method

 

 

 

Cost & Pricing Considerations

Several factors affect a solution's overall TCO, from the number of users and deployment to company size, industry, and more.

Morgan mentioned you should consider ongoing prices for maintenance, updates and scalability.

As [a] CEO, I understand the importance of aligning the cost of the software with the expected return on investment. Buyers should evaluate the total cost of ownership over time and assess whether the benefits offered by the software justify the investment.

"Furthermore, examining the licensing model, additional module costs and potential customization expenses is crucial. Transparency in pricing and a clear understanding of the software's licensing structure ensure the buyers can make informed decisions based on their budget constraints and specific business needs."

Terry also suggested considering "whether the software requires additional hardware or specialized training."

Before browsing for a new accounting and manufacturing software, here are a few considerations.

How big is our company?

How big is your organization now, and how much growth do you expect it to have in the next 10-20 years? Most solutions offer scalability tools to help you grow as needed for numerous worksites, employees, machinery and more.

Vendors are making software that caters to numerous sizes, including small and mid-sized, eliminating the pressure of only investing in enterprise solutions.

Do we need new software or integrations?

Are you in need of new software or an integrated solution? Guess which one is cheaper. Ding-ding! Integrations and add-ons are cheaper than new solutions because you're adding on accessories.

Replacing your car's side mirror or stereo system is cheaper than replacing the entire car because the vehicle runs fine. You just need modifications. This principle also applies to software.

Your current solution does the job, but adding extra features can cover production blindspots and add more value to your workflows.

Which deployment suits us best?

Cloud, on-premise or hybrid? Each option has pros and cons, but you must find one that best suits your needs.

Cloud systems allow you to access software on the internet via mobile devices because vendors host them on their existing or third-party servers. But the system won't work well if you have terrible internet signals.

On-premise systems allow you to access the program on your company computers and servers. Unlike cloud vendors, you're responsible for maintaining and updating the system. Licensing and support fees are more expensive for this deployment.

Lastly, hybrid merges on-premise and cloud into one option. However, this plan varies across multiple vendors. Be sure to speak with software suppliers about this option in more detail for better insights.

How many users will we need?

Are you letting employees use this system, or do you have a dedicated, in-house or third-party IT team? Most vendors charge on a per-user basis. You must also consider if you need special training or support to get employees up to speed on the solution.

Questions To Ask

Here are a few internal questions to consider as you begin your software selection journey:

  • Should we opt for cloud, on-premise or hybrid deployment?
  • How many employees will use our software?
  • What are our current operational and workflow pain points?
  • What features do we need to address our current pain points?
  • How big is our business? Are we expanding in the next 10-20 years?

Manufacturing Accounting Systems Key Questions

Once you have your requirements nailed down, think about asking some of these questions to possible vendors:

Consider these questions to ask vendors about their products and services:

  • How effective are your invoicing, tax management, bank reconciliation, inventory management, expense tracking and financial reporting capabilities?
  • How many years of expertise do you have in our industry?
  • How many successful implementations have you had in the past year or two?
  • What security measures do you offer for your cloud products?
  • How can this system save money, improve customer satisfaction, help us make wiser choices and centralize workflows?

Next Steps

Manufacturing accounting systems bring the best of both worlds together in one solution for effective workflows and delivering more results.

This solution streamlines your inventory management, bank reconciliation, tax management, invoicing and other needs in one centralized hub.

Ready to take the next step? Check out our free, in-depth comparison guide for apples-to-apples mash-ups of different products for a thorough, fair evaluation.

Product Comparisons

Additional Resources

SME Contributors

Andrew Gosselin

Andrew Gosselin is a CPA, the senior editor of The Calculator Site and a former senior strategy consultant for a global, multi-billion-dollar software company. Gosselin holds degrees in accounting, finance and international business from Bentley University and was the lead tutor of accounting and finance for Bentley's Athletic department.

Jon Morgan

Jon Morgan is the CEO and editor-in-chief of Venture Smarter, a leading consulting firm helping startups and small businesses scale and grow. Morgan has nine years of experience and a wealth of knowledge in strategic planning, market research and financial analysis. He earned a business management degree from the University of California, Davis and has collaborated with numerous clients ranging from startups to large corporations. Morgan is also a speaker and published author.

Melissa Terry

Melissa Terry, a CFA at VEM Tooling, is a dedicated finance professional and a University of California graduate. Terry is adept at navigating the complexities of financial analysis and reporting thanks to five years of hands-on accounting experience. Before joining VEM, she held positions in budgeting, forecasting and risk management.

About The Contributors

The following expert team members are responsible for creating, reviewing, and fact checking the accuracy of this content.

Khaleel
By Khaleel Hayes
Technical Content Writer
Khaleel Hayes is a Technical Content Writer for SelectHub, with over 4 years of experience crafting content for manufacturing, PLM, ERP and technology selection audiences. He's also a freelance writer in his spare time. His body of work includes poetry, short plays, feature articles and film reviews either self-published or in Denver publications. He graduated with a B.A. in Journalism and an English minor from Metropolitan State University of Denver in May 2018. When not writing, he enjoys classic movies and music, tasty burgers, tasteful bookstores, and breathtaking art and photography.
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Hunter
Edited By Hunter Lowe
Content Editor
Hunter Lowe is a Content Editor, Writer and Market Analyst at SelectHub. His team covers categories that range from ERP and business intelligence to transportation and supply chain management. Hunter is an avid reader and Dungeons and Dragons addict who studied English and Creative Writing through college. In his free time, you'll likely find him devising new dungeons for his players to explore, checking out the latest video games, writing his next horror story or running around with his daughter.
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