Xledger vs Sparkrock

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

Sparkrock Software Tool

Product Basics

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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Sparkrock's Finance and Procurement is a cloud-based program built on Microsoft to streamlines accuracy, efficiency and visibility throughout every stage of the financial and reporting stages. It also collaborates with certified public accountants (CPA) and HR consultants to aid users in sales, onboarding, implementation, customer success and more.

General ledger, cash management, accounts payable and receivable, purchasing and inventory management are some of its top functionalities.
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$1,440 Monthly
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Tailored to your specific needs
$1 Monthly, Freemium
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Tailored to your specific needs
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Windows
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Linux
Android
Chromebook
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Linux
Android
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On-Premise
Mobile
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On-Premise
Mobile

Product Assistance

Documentation
In Person
Live Online
Videos
Webinars
Documentation
In Person
Live Online
Videos
Webinars
Email
Phone
Chat
FAQ
Forum
Knowledge Base
24/7 Live Support
Email
Phone
Chat
FAQ
Forum
Knowledge Base
24/7 Live Support

Product Insights

  • 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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  • Streamlined Operations: Sparkrock simplifies complex processes, allowing organizations to manage finance, workforce, and other critical operations in one integrated system, reducing manual tasks and increasing efficiency.
  • Improved Financial Management: With its robust financial management capabilities, Sparkrock provides real-time visibility into financial performance, enabling better budgeting, forecasting, and financial planning.
  • Enhanced Workforce Management: The software offers comprehensive tools for managing employee schedules, payroll, and benefits, ensuring compliance and improving staff satisfaction through efficient administration.
  • Increased Transparency: Sparkrock's reporting and analytics features offer deep insights into operations, finances, and workforce metrics, fostering transparency and informed decision-making across the organization.
  • Scalability: Designed to grow with your organization, Sparkrock can easily adapt to changing needs, supporting expansion and new initiatives without the need for significant system changes or additional software.
  • Compliance Assurance: By keeping up with regulatory changes and providing necessary reporting tools, Sparkrock helps ensure that organizations remain compliant with industry standards and government regulations.
  • Enhanced Collaboration: Its centralized database and communication tools facilitate better collaboration among departments, ensuring that everyone has access to the same information and can work together more effectively.
  • Cost Savings: By automating routine tasks and improving operational efficiency, Sparkrock helps organizations reduce overhead costs and allocate resources more strategically.
  • Customizable Solutions: Sparkrock offers flexibility in its deployment and customization, allowing organizations to tailor the software to their specific needs and processes.
  • Improved Service Delivery: For nonprofits and public sector organizations, Sparkrock enhances the ability to manage programs, track outcomes, and report on success, leading to better service delivery and impact.
  • Accessible Anywhere: With cloud-based options, Sparkrock ensures that users can access the system from anywhere, at any time, facilitating remote work and on-the-go management.
  • Robust Security: Prioritizing data security, Sparkrock employs advanced security measures to protect sensitive information and ensure that data is safe from unauthorized access.
  • Dedicated Support: Sparkrock provides comprehensive support and training resources, ensuring that users can maximize the benefits of the software and address any issues promptly.
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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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  • General Ledger: Establish account sets and controls for numerous general ledger accounts and verify up to eight dimensions with the general ledger tool. Users can also track budget actuals, commitments and available funds within the chart of accounts. They can also facilitate approval workflows for general and repeating journal transactions. 
  • Cash Management: This appliance expeditiously and accurately predicts cash flows and liquidity, reconciles bank accounts and processes receipts in batches. It also supports electronic funds transfer (EFT) formats for each major Canadian bank.  
  • Budget Management: Modify and oversee every necessary budget with the budget management accessory. It's equipped with real-time and forecasting insights to deplete end-of-year surprise and professional budget-checking email approvals. It also merges budget commitments with purchase orders. 
  • Fund Accounting: The fund accounting module permits users to institute several operating funds, establish relationships between funds, cipher inter-fund transfers and transfer entries with precision and automatically supervises encumbrances on confined accounts when documenting financial transactions. This tool also supports refined financial reporting for oversight and regulatory compliance purposes.  
  • Accounts Payable: Thanks to efficient purchase invoicing, EFT, reminders and expense claim processing through this accessory, users can clarify vendor management and payment processes.  
  • Accounts Receivable: This tool dispatches customer management and sales invoicing through adjustable attributes and analysis and separately copies each line of invoices into the general ledger.  
  • Inventory Management: Accurately pinpoint the exact products found within inventory by tracking items purchased through the inventory management apparatus. Set requests to diminish in-house stock and charge the item adjacent to particular proportions. 
  • Purchasing: The purchasing appliance extends full transparency from purchase orders to payments with demand approval workflows and automatic orders in accordance with business rules.  
  • Asset Management: Install and combine assets with accounts payable and receivable, purchasing and general ledger to trace purchases, maintenances and depreciations with the asset management feature. 
  • Financial Analysis: This accessory grants financial managers access to produce timely and keen choices with protected, instant access to actuals versus budgets for exact departments, projects or grants. This component can also break down source intel. 
  • Expense Claims: Users can input expenses online, split lines between personal and business and merge credit card and out-of-pocket expenses on the same claim hassle-free with the automated approval workflows on the expense claims element. 
  • Requisition Management: This module offers users full capabilities to input purchase requisitions or payment requests online and checks against their available budget in real time. This apparatus enables users to also enforce purchasing policies through pliant approval workflows. 
  • Project and Grant Accounting: Seamlessly govern the status of capital projects and grants in real time such as budgets, commitments, requisitions and actuals. They each unify with general ledger, purchasing, accounts payable and reporting and users can establish numerous contacts and funding sources with payment schedules. Optional add-ons include budget planning, advanced reporting, business intelligence, advanced document imaging and K-12 School District Education Reporting. 
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Product Ranking

#113

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ERP Software

#121

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ERP Software

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User Sentiment Summary

Excellent User Sentiment 7 reviews
Great User Sentiment 27 reviews
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.

87%
of users recommend this product

Sparkrock has a 'great' User Satisfaction Rating of 87% when considering 27 user reviews from 3 recognized software review sites.

5.0 (1)
4.2 (3)
4.7 (6)
4.2 (10)
n/a
4.5 (14)

Awards

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

User Favorite Award

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Synopsis of User Ratings and Reviews

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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Streamlined Financial Processes: Users appreciate Sparkrock's ability to simplify tasks like budgeting, reporting, and payroll, freeing up time for strategic initiatives.
Improved Data Visibility: Sparkrock provides a centralized platform for accessing key information, enabling better decision-making.
Enhanced Collaboration: The system facilitates communication and collaboration among team members, streamlining workflows.
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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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Reporting Limitations: Users have expressed frustration with the reporting functionality, citing limitations in customization and the inability to easily extract specific data points for analysis.
Complex User Interface: The system's interface has been described as cumbersome and difficult to navigate, particularly for new users who may require extensive training to become proficient.
Integration Challenges: Seamless integration with other business systems has been a recurring pain point, often requiring significant customization and IT support to achieve desired outcomes.
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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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Is Sparkrock the "spark" your business needs to "rock" its operations? Sparkrock is a cloud-based ERP software aimed at helping businesses of all sizes, but how does it stack up against the competition? User reviews from the past year highlight a mixed bag. While many appreciate the user-friendly interface, similar to familiar Microsoft products, and robust reporting tools that provide valuable insights into financial performance, some drawbacks have also surfaced. A recurring concern is the limited customizability, making it challenging for businesses with unique workflows to tailor the software to their specific needs. Additionally, some users have reported occasional glitches and slow performance, particularly when handling large datasets. Despite these shortcomings, Sparkrock differentiates itself through its strong focus on the non-profit and education sectors, offering specialized features like grant management and donor tracking. This targeted approach makes it a compelling choice for organizations in these industries, providing them with tools specifically designed to address their unique challenges. For instance, one user working for a non-profit highlighted how Sparkrock's donor management features streamlined their fundraising efforts and improved transparency. However, businesses in other sectors might find the software's limited flexibility a dealbreaker. Ultimately, Sparkrock appears best suited for non-profits and educational institutions seeking a user-friendly ERP solution with industry-specific features. Businesses with complex operational needs or requiring extensive customization might need to explore alternative options.

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