Dynamics 365 Finance vs Xledger

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Our analysts compared Dynamics 365 Finance vs Xledger based on data from our 400+ point analysis of ERP Software, user reviews and our own crowdsourced data from our free software selection platform.

Dynamics 365 Finance Software Tool

Product Basics

Dynamics 365 Finance, a cloud-based Accounting ERP (Enterprise Resource Planning) software, streamlines financial operations for mid-sized to large organizations. It automates core accounting tasks like general ledger, payables, receivables, and project accounting, providing real-time financial insights. Its strengths lie in scalability, integration with other Microsoft products, and industry-specific features. Users praise its ease of use, reporting capabilities, and workflow automation. However, some find the initial setup complex and customization options limited. Pricing is subscription-based, tiered by modules and user count. It's pricier than basic accounting software but cost-effective compared to comprehensive on-premise solutions.

Pros
  • Real-time insights
  • Scalable & flexible
  • Integrates with MS tools
  • Automates workflows
  • Easy to use (reported)
Cons
  • Complex setup (initial)
  • Limited customization
  • Pricier than basic options
  • Reporting can be complex
  • Subscription-based
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Xledger is a cloud-based financial management platform that combines multi-dimensional reporting and devolved budgeting in a single unified module. It automates processes such as bookkeeping, invoicing, asset management and bank reconciliation. It supports multi-entity, multi-currency transactions, consolidating data for all the entities in the user’s enterprise.

For charities and nonprofits, it combines donor management and fund accounting. It helps professional services organizations automate and streamline processes through the entire project lifecycle, starting from workflow and ending with payment processing. Users can grow without limits by tracking costs and maximizing profits. 

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$480/User, Monthly
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Tailored to your specific needs
$1,440 Monthly
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Tailored to your specific needs
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Mobile
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Mobile

Product Assistance

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Live Online
Videos
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Email
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FAQ
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Knowledge Base
24/7 Live Support
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24/7 Live Support

Product Insights

  • Artificial Intelligence Data: Utilize Dynamics 365 Finance's AI-powered data tools to evaluate business health as well as boost financial controls, maximize cash flows, and develop and execute better business decisions. 
  • Budget Planning: Dwindle operation expenses and increase spending for businesses throughout various regions with the budget planning apparatus. 
  • Reduce Risks: Swiftly adjust to global and local financial regulations with a pliable standards-based chart of accounts and dimensions that permit users to effortlessly and properly superintend their financial operations. 
  • Power BI-Applicable: Initiate wiser, quicker actions and choices through the role-based workspaces that are embedded with Power BI's synergistic data visualization capabilities so users may examine KPIs with more depth as well as dive into transactions to overview the health of their business. 
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  • Automation: Solutions by Xledger automates processes to build users’ bottom line by freeing accountants from manually entering data. It saves resources and manpower with automation in bank reconciliation, posting suggestions, consolidated reports and purchasing and payment processing. 
  • Insight: Xledger comes equipped with advanced BI tools like role-based dashboards, configurable reporting and multi-dimensional inquiries. Users can go as deep as the transaction level for complete understanding.
  • Scalability: It equips organizations to grow without costs, limits or penalties. It can be set up quickly and expanded seamlessly. Users can create new business units smoothly. Transactions can be conducted in 23 languages and in all currencies. It maximizes efficiency through its multi-tenant cloud feature. 
  • True Cloud: With Xledger, users pay only for the resources they use. It’s a true cloud provider as it hosts all its customers on the same software instance. Users also receive upgrades, the latest version of the software and fixes to security issues. 
  • Configuration: It configures to the requirements of the users. It has built-in levers and captures configurations differently from solution capabilities. Upgrades become easier to implement as well. 
  • Unified Solution: Since Xledger is a unified cloud-based ERP solution, functional areas are interwoven with each other. It permits users to access all the modules as it is a multi-tenant platform. 
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  • Elaborate Reporting: Balance and close books quicker with in-depth reporting and real-time analytics appliances. Users may enable pliable financial reports that showcase numerous currencies and legal entities to administer foreign exchanges and expedite end-of-month bookkeeping procedures. 
  • Grow Revenue: Work with machine learning capabilities that come with reporting, financial intelligence and analytics that compile forecasted recommendations and provide guidance for opportune customer expenditures. 
  • Role-Based Workspaces: Personalize crucial documents and reports such as invoices and statements that align with ever-changing business necessities with the role-based workspaces and modules. Users may also activate automatic recurring bills that seamlessly adapt to new revenue recognition rules, dwindle audit costs and cipher financial statements with precision.  
  • Compliances: Ensure that businesses align with local and global standards to reduce risks with the compliance attribute that guarantees compliance in approximately 37 countries and 42 languages. 
  • Financial Planning: Keep organizations running smoothly whether they're local, abroad or both with the financial process automation, financial planning and analysis, encumbrance and budget control modules. 
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  • Core Accounting: It provides analytical capabilities and advanced automation for accounts receivable and payable, cashbook and general ledgers. It has a flexible accounting chart, consolidated financial information in real-time and automated data entry. It helps generate 1099s easily. 
  • Reporting: The software has a powerful business intelligence toolset, which helps users assess liquidity, analyze data and extract data for better decision making. It has updated real-time dashboards, configurable reports and multi-entry inquiry screens. 
  • Asset Management: It enables accounting professionals to manage and automate the complete lifecycle of fixed assets starting from acquisition and construction to disposal. Automation reduces the time spent on tracking, depreciating and managing fixed assets. This eliminates errors, uncertainties and interventions that afflict excel sheets and other applications. 
  • Forecasting and Budgeting: It allows for an unlimited number of budget revisions and supports multi-entity and multi-currency budgeting. It also supports multi-dimensional analysis and importing from external sources. It makes it easy to compare actual against available budget. 
  • Accounts Payable and Receivable: It automates data entry via OCR bill reading and pre-registration. It has a multi-person, multi-rule and multi-level payment and posting workflows. Xledger has templates for invoices and delivery options. It calculates discounts, royalties, commissions and interest charges. 
  • Project Accounting: Xledger helps users manage projects of all sizes with resource planning, time capture, project invoicing and project accounting. It supports features such as project structure, costing, expenses, reporting and follow up. It handles multi-entity projects and project hierarchies. 
  • Time and Expenses: Xledger equips users with paperless approvals and granular analytics. Employees can directly input or import timesheets using Xledger’s phone app, browser or calendar-based input. Managers can view timesheets from multiple angles and also have access to an electronic timesheet archive. 
  • Payroll: It supports a flexible payroll system, which has payslip distribution via web, mail and email and automatic matching for data in the books. It allows for recurring payroll frequencies and has a set of taxation rules and rate registers. 
  • Procurement and Inventory: Xledger auto-generates purchase proposals and has pre-made purchase order templates. It tracks serial and batch numbers. It also automatically posts goods received accruals. 
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Product Ranking

#116

among all
ERP Software

#113

among all
ERP Software

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User Sentiment Summary

Great User Sentiment 3543 reviews
Excellent User Sentiment 7 reviews
89%
of users recommend this product

Dynamics 365 Finance has a 'great' User Satisfaction Rating of 89% when considering 3543 user reviews from 5 recognized software review sites.

95%
of users recommend this product

Xledger has a 'excellent' User Satisfaction Rating of 95% when considering 7 user reviews from 2 recognized software review sites.

4.0 (19)
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3.6 (90)
5.0 (1)
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4.7 (6)
4.5 (3273)
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4.0 (40)
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3.6 (121)
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Awards

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Xledger stands above the rest by achieving an ‘Excellent’ rating as a User Favorite.

User Favorite Award

Synopsis of User Ratings and Reviews

Streamlined Workflow: Automates tasks like payables, receivables, and GL, saving time and reducing errors. Users highlight improved efficiency and fewer manual processes.
Real-Time Insights: Provides instant access to financial data through dashboards and reports, enabling data-driven decisions. Users appreciate the ability to quickly track performance and make informed choices.
Seamless Integration: Connects seamlessly with other Microsoft products like Office 365 and Power BI for a unified user experience and enhanced data sharing. Users value the convenience and improved collaboration across departments.
Industry-Specific Solutions: Pre-built templates and industry-focused features cater to specific needs in sectors like retail, manufacturing, and non-profits. Users benefit from faster implementation and reduced customization costs.
Scalability and Flexibility: Adapts to your growing needs with cloud-based architecture and modular functionality. Users praise the ability to easily add users and modules as their business expands.
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Streamlined Accounting Processes: Users praise Xledger for automating tasks like bank reconciliation, saving time and reducing errors.
Real-Time Financial Insights: The platform's dashboards and reporting tools provide a clear view of financial performance, enabling data-driven decisions.
Improved Collaboration: Xledger facilitates communication and data sharing between departments, leading to better coordination and efficiency.
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Complex Setup: Initial configuration and data migration can be complex, requiring professional assistance for larger organizations, leading to higher implementation costs.
Limited Customization: While offering flexibility, extensive customization can be expensive and require developer resources, potentially negating cost savings and increasing maintenance needs.
Subscription-Based Cost: Ongoing subscription fees can be higher than upfront costs of on-premise solutions, especially for smaller businesses with limited usage, raising concerns about long-term affordability.
Reporting Complexity: Advanced reporting features can have a learning curve for non-technical users, requiring training or dedicated personnel, impacting user adoption and efficiency.
Mobile App Limitations: Some users report occasional glitches and lack of full feature parity with the desktop version, hindering on-the-go access and real-time updates.
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Complex user interface: Some users have reported that Xledger's interface can be difficult to navigate and understand, especially for those who are new to the software.
Limited customization options: Users have expressed frustration with the limited ability to customize the software to fit their specific needs.
Slow support response times: Some users have complained about slow response times from Xledger's support team, which can be a major issue when dealing with critical software problems.
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Dynamics 365 Finance users offer a mixed bag of opinions, with praise for its robust functionality and cloud-based accessibility countered by criticisms of its complexity and implementation hurdles. Compared to competitors like SAP Business One and Sage Intacct, Dynamics 365 shines in its tight integration with other Microsoft products and its advanced business intelligence capabilities. However, its steeper learning curve and higher upfront costs can be deterrents. Users laud the software's comprehensive financial management features, from core accounting to project accounting and budgeting. One reviewer, a finance manager at a mid-sized manufacturing firm, highlighted the ease of generating real-time financial reports, enabling them to make data-driven decisions. Another user, the CFO of a growing tech startup, appreciated the seamless integration with Dynamics 365 Sales, streamlining order-to-cash processes. However, the complexity of the software is a recurring pain point. Users report a significant learning curve, requiring extensive training and support, especially for non-technical users. A controller at a non-profit organization mentioned the difficulty in customizing workflows, making it less adaptable to their specific needs compared to more user-friendly competitors like Sage Intacct. Implementation challenges also surface in reviews, with users citing lengthy setup times and integration issues. One reviewer, an accountant at a construction company, emphasized the need for experienced consultants to navigate the initial setup, adding to the overall cost. This can be a disadvantage for smaller businesses or those with limited IT resources. Despite these drawbacks, Dynamics 365 Finance's strengths in functionality, scalability, and future-proof cloud technology make it a compelling choice for larger organizations with complex financial needs and the resources to invest in its implementation. For smaller businesses or those seeking a more user-friendly option, other alternatives might be a better fit.

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Is Xledger the X-factor your business needs for ERP solutions? Over the past year, user reviews of Xledger have painted a predominantly positive picture, highlighting its robust functionality and user-friendly interface. Many users appreciate its cloud-based nature, which allows for real-time data access and seamless integration across various departments. Compared to similar products like SAP and Oracle, Xledger stands out for its ease of use and lower implementation costs. One of the key strengths users frequently mention is Xledger's comprehensive reporting capabilities. The software offers customizable dashboards and detailed financial reports, which are crucial for informed decision-making. Users also commend its automation features, which significantly reduce manual data entry and the risk of human error. For instance, one user noted that the automated bank reconciliation feature saved their accounting team several hours each week. However, Xledger is not without its weaknesses. Some users have reported that the initial setup can be complex and time-consuming, requiring a steep learning curve. Additionally, while the customer support is generally responsive, a few users have experienced delays in resolving technical issues. These drawbacks, though notable, are often overshadowed by the software's overall performance and reliability. What truly differentiates Xledger from competitors is its scalability and flexibility. Small to medium-sized enterprises (SMEs) find it particularly beneficial due to its modular design, which allows businesses to add or remove features as needed. This adaptability is crucial for growing companies that need a solution capable of evolving with their needs. In conclusion, Xledger is best suited for SMEs looking for a cost-effective, scalable ERP solution with strong reporting and automation capabilities. While it may require some initial effort to set up, the long-term benefits make it a worthwhile investment for businesses aiming to streamline their operations and enhance productivity.

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