SoftLedger Reviews & Pricing

by SoftLedger | Founded 2016, Santa Monica, California

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Accounting Software
Automated Billing Software
Ecommerce Accounting Software
Media and Newspaper Accounting Software
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What is SoftLedger?

Industry Specialties: Crypto, Family Office, Private Equity, Venture Capital, CPA Firms & Accountants, Financial Services, Real Estate Investors & Developers, Healthcare, Software Developers, SaaS Subscription Management, Retail, Manufacturing, Franchises, Churches & Faith-bas

SoftLedger is a dynamic accounting software solution designed to streamline financial management tasks for businesses. It excels in automating accounting processes, offering real-time financial insights, and facilitating seamless integration with other business systems. This software is particularly well-suited for industries such as finance, technology, and retail, where accurate and timely financial data is crucial. Users appreciate its cloud-based architecture, which ensures accessibility and scalability, making it ideal for growing enterprises. Unique features include multi-entity consolidation, cryptocurrency accounting, and robust reporting capabilities. Compared to similar products, SoftLedger is praised for its user-friendly interface and flexibility. While specific pricing details are not publicly available, potential users are encouraged to contact SelectHub for a tailored quote. This ensures that businesses can find a pricing plan that aligns with their specific needs and budget, making SoftLedger a versatile choice for modern accounting challenges.

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User Sentiment i

Based on 30 reviews:

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#349

SoftLedger is ranked #349 in the Accounting Software product directory based on the latest available data collected by SelectHub. Compare the leaders with our In-Depth Report.

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SoftLedger Pricing

Based on our most recent analysis, SoftLedger pricing starts at $979 (Monthly).

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Starting From: $979
Pricing Model: Monthly
Free Trial: Yes, Request for Free

Training Resources

SoftLedger is supported with the following types of training:

Documentation
In Person
Live Online
Videos
Webinars

Support

The following support services are available for SoftLedger:

Email
Phone
Chat
FAQ
Forum
Help Desk
Knowledge Base
Tickets
Training
24/7 Live Support

SoftLedger Benefits and Insights

Why use SoftLedger?

Key differentiators & advantages of SoftLedger

Real-Time Financial Insights: SoftLedger provides up-to-the-minute financial data, enabling businesses to make informed decisions quickly and accurately.
Streamlined Multi-Entity Management: Easily manage multiple subsidiaries or business units with consolidated financial reporting, reducing complexity and saving time.
Automated Accounting Processes: Automate repetitive tasks such as journal entries and reconciliations, freeing up valuable time for strategic activities.
Scalable Cloud-Based Solution: As a cloud-native platform, SoftLedger scales with your business, accommodating growth without the need for costly infrastructure upgrades.
Enhanced Compliance and Audit Readiness: Maintain compliance with regulatory standards through robust audit trails and comprehensive reporting capabilities.
Seamless Integration Capabilities: Integrate with other business systems like CRM and ERP, ensuring data consistency and reducing manual data entry errors.
Customizable Reporting: Tailor financial reports to meet specific business needs, providing stakeholders with the insights they require in the format they prefer.
Improved Cash Flow Management: Gain better visibility into cash flow with real-time tracking of receivables and payables, helping to optimize working capital.
Enhanced Security Measures: Protect sensitive financial data with advanced security protocols and user access controls, ensuring peace of mind.
Cost-Effective Solution: Reduce operational costs by eliminating the need for multiple disparate systems and minimizing manual processes.
Global Financial Management: Support for multiple currencies and tax jurisdictions allows for seamless international operations and reporting.
User-Friendly Interface: Intuitive design makes it easy for users to navigate and utilize the software, reducing training time and increasing productivity.
Comprehensive Support and Training: Access to expert support and training resources ensures successful implementation and ongoing use of the platform.
Data-Driven Decision Making: Leverage detailed analytics and insights to drive strategic business decisions and improve overall financial performance.
Reduced Risk of Errors: Automated processes and real-time data updates minimize the risk of human error, enhancing the accuracy of financial records.

Industry Expertise

SoftLedger is a cloud-based accounting software designed for small and medium-sized businesses, particularly those with multiple entities, currencies, and digital assets. It's ideal for CFOs and controllers who need a flexible and efficient solution to manage their financial data and streamline business operations.

SoftLedger Reviews

Average customer reviews & user sentiment summary for SoftLedger:

30 reviews

94%

of users would recommend this product

SoftLedger has a 'excellent' User Satisfaction Rating of 94% when considering 30 user reviews from 2 recognized software review sites.

Synopsis of User Ratings and Reviews

Based on an aggregate of SoftLedger reviews taken from the sources above, the following pros & cons have been curated by a SelectHub Market Analyst.

Pros

User-Friendly: SoftLedger is lauded for its intuitive design and ease of use, making it simple for users to navigate and perform accounting tasks efficiently.
Real-Time Reporting: The software provides real-time financial data and reporting across all modules, enabling businesses to make informed decisions based on up-to-date information.
Scalability: SoftLedger is designed to grow with businesses, allowing them to add more entities, currencies, and features as their needs evolve.
Cryptocurrency Module: SoftLedger offers a specialized module for cryptocurrency accounting, addressing the complexities of digital assets and integrating with major cryptocurrency exchanges.
API Integration: The software seamlessly integrates with over 400 business applications via its API, ensuring smooth data flow and connectivity with other systems.

Cons

Limited Access: The platform lacks a mobile application, making it difficult for users to access financial information or perform tasks while away from their desks.
Support Challenges: Users seeking immediate assistance may find it challenging to reach customer support as phone support is currently unavailable.

Researcher's Summary:

Is SoftLedger really the softest way to manage your finances? User reviews from the last year suggest that it might just be. Users consistently highlight SoftLedger's user-friendliness as a major strength, praising its intuitive interface and ease of setup. One user even described it as "really easy to use and also to set up," highlighting the software's accessibility for users without extensive accounting software experience. This ease of use is particularly important for small and medium enterprises that may not have dedicated accounting staff and need a solution that is simple to learn and use.

However, SoftLedger isn't just about simplicity. Users also appreciate its powerful features, particularly its real-time reporting and cryptocurrency accounting capabilities. The ability to track financial data in real time is invaluable for making informed business decisions, while the cryptocurrency module sets SoftLedger apart from traditional accounting software. One user raved about the cryptocurrency module, calling it "brilliant," while another highlighted SoftLedger's ability to handle "Digital Assets transactions" as something that "legacy banking applications" lack. This makes SoftLedger a compelling choice for businesses involved in the cryptocurrency space or those looking for a future-proof solution that can adapt to the evolving financial landscape.

Despite its strengths, SoftLedger does have some drawbacks. The lack of a mobile app is a notable omission, limiting accessibility for users who prefer to manage their finances on the go. Additionally, some users have found the pricing structure to be a disadvantage. However, these drawbacks appear to be outweighed by SoftLedger's positive attributes. Overall, user reviews from the last year paint a positive picture of SoftLedger, positioning it as a user-friendly and feature-rich accounting solution particularly well-suited for businesses dealing with cryptocurrency or those seeking robust real-time reporting capabilities.

Key Features

Notable SoftLedger features include:

Real-Time Financial Reporting: SoftLedger provides up-to-the-minute financial data, allowing businesses to make informed decisions based on current information rather than outdated reports.
Multi-Entity Consolidation: This feature enables seamless financial management across multiple entities, simplifying the consolidation process and ensuring accuracy in financial statements.
Automated Accounting Processes: SoftLedger automates routine accounting tasks such as journal entries and reconciliations, reducing manual effort and minimizing errors.
API-First Design: With its API-first approach, SoftLedger easily integrates with other systems, facilitating data exchange and enhancing overall operational efficiency.
Cryptocurrency Accounting: The platform supports cryptocurrency transactions, providing tools to manage digital assets and comply with relevant accounting standards.
Customizable Dashboards: Users can tailor dashboards to display key metrics and insights relevant to their specific roles, enhancing visibility and decision-making.
Comprehensive Audit Trail: SoftLedger maintains a detailed audit trail of all transactions, ensuring transparency and aiding in compliance with regulatory requirements.
Cloud-Based Accessibility: As a cloud-based solution, SoftLedger offers access from anywhere with an internet connection, supporting remote work and collaboration.
Multi-Currency Support: The software handles transactions in multiple currencies, automatically calculating exchange rates and simplifying international operations.
Role-Based Permissions: Administrators can assign specific permissions to users based on their roles, ensuring data security and appropriate access levels.
Inventory Management: SoftLedger includes tools for tracking inventory levels, costs, and valuations, integrating seamlessly with financial data for accurate reporting.
Budgeting and Forecasting: The platform offers features for creating budgets and forecasts, helping businesses plan for the future and track performance against financial goals.
Fixed Asset Management: Users can manage fixed assets, including depreciation schedules and asset tracking, ensuring accurate financial records and compliance.
Flexible Chart of Accounts: SoftLedger allows customization of the chart of accounts to fit the unique needs of each business, providing flexibility in financial reporting.
Intercompany Transactions: The software simplifies the management of intercompany transactions, ensuring accurate consolidation and reporting across entities.