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SoftLedger Reviews & Product Details

NJ
Investment Banker
Mid-Market(51-1000 emp.)
Validated Reviewer
Review source: G2 invite
Incentivized Review
What do you like best about SoftLedger?

The Interactive UI and Insights provides the best experience. Tools like budgeting, consolidation, payroll processing and revenue recognition help all the respective departments. AR and AP analysis tools and mechanism are icing on the cake. Review collected by and hosted on G2.com.

What do you dislike about SoftLedger?

should add more interactive features to make UI one of the best in the industry providing ease of analysis to end-users Review collected by and hosted on G2.com.

Recommendations to others considering SoftLedger:

Overall it's a very interactive and helpful tool and stands well amongst the competition Review collected by and hosted on G2.com.

What problems is SoftLedger solving and how is that benefiting you?

Easy Consolidation of financials is the most crucial problem solved Review collected by and hosted on G2.com.

SoftLedger Overview

What is SoftLedger?

SoftLedger is a general ledger designed for companies with multiple entities and complex reporting requirements. A powerful and user-friendly accounting platform, SoftLedger helps CFOs and controllers deliver consolidated financial data in real-time. Targeted primarily at CFOs, controllers, and financial teams within mid-sized to large enterprises, SoftLedger addresses the challenges of managing financial data across various business units. Companies that operate multiple subsidiaries or divisions often face difficulties in consolidating financial information, ensuring compliance, and generating accurate reports. SoftLedger simplifies these tasks by offering a centralized platform where users can easily track and manage their financial data, regardless of the complexity of their organizational structure. Key features of SoftLedger include real-time data consolidation, automated reporting, and compliance management. The real-time data consolidation feature allows users to seamlessly integrate financial information from multiple entities, providing a comprehensive view of the organization’s financial health at any given moment. Automated reporting capabilities streamline the process of generating financial statements and reports, reducing the manual effort required and minimizing the risk of errors. Additionally, SoftLedger ensures compliance with relevant accounting standards and regulations, helping organizations maintain transparency and accountability in their financial practices. SoftLedger stands out in its category by offering a user-friendly interface that enhances the overall user experience. The platform is designed to be intuitive, allowing financial teams to navigate through the software with ease. This accessibility is crucial for organizations that require quick access to financial data and insights for decision-making purposes. Furthermore, the ability to customize reports and dashboards enables users to tailor the information presented to their specific needs, facilitating better analysis and strategic planning. Overall, SoftLedger provides significant value to organizations with complex financial structures by simplifying the management of financial data, ensuring compliance, and enhancing reporting accuracy. Its robust features and user-centric design make it an essential tool for financial professionals seeking to optimize their accounting processes and improve their organization’s financial visibility.

SoftLedger Details
Product Website
Languages Supported
English
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Product Description

SoftLedger is a flexible financial management solution that includes best in class functionality for general ledger, accounts receivable, accounts payable, employee expenses, fixed assets, and reporting.

How do you position yourself against your competitors?

Unlike many accounting solutions, SoftLedger has an incredibly fast implementation process, on average our customers are live within 45 days. Our software is easy to learn, and embeddable, with an open API-first architecture.


Seller Details
Company Website
Year Founded
2016
HQ Location
Pittsburgh, Pennsylvania
Twitter
@SoftLedger
170 Twitter followers
LinkedIn® Page
www.linkedin.com
11 employees on LinkedIn®
Description

SoftLedger is a cloud-based accounting software vendor that specializes in providing modern financial management solutions for businesses. Their platform offers features such as real-time financial reporting, automated accounting processes, and multi-currency support, making it suitable for companies of various sizes and industries. With a focus on simplifying complex financial tasks, SoftLedger aims to enhance transparency and efficiency in financial operations. For more information, visit their website at https://www.softledger.com.


Ben T.
BT
Overview Provided by:
CEO at SoftLedger

Recent SoftLedger Reviews

Shaun R.
R
Shaun R.Small-Business (50 or fewer emp.)
4.0 out of 5
"Comprehensive Accounting Experience"
Support for bank feed linking and multiple locations make workflows really simple. Customer support is also very strong, the representatives are re...
Verified User
U
Verified UserSmall-Business (50 or fewer emp.)
4.5 out of 5
"Softledger - would definitely recommend"
The ease of use, flexible functionality and high level of support offered by the Softledger team
Dane S.
DS
Dane S.Small-Business (50 or fewer emp.)
5.0 out of 5
"SoftLedger is easy to use for tradition and crypto accounting. They have very supportive team!"
SoftLedger team is easy to work with and are a great resource for both traditional and crypto accounting. Their support team is responsive and grea...
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SoftLedger Media

SoftLedger Demo - SoftLedger Comparison
SoftLedger: The flexible solution that grows with your business.
SoftLedger Demo - Financial Reports
Quickly and easily generate the financial reports you need to manage your business, with the ability to drill down all the way to the underlying transactions.
SoftLedger Demo - Report Editor
Easily build custom financial reports.
SoftLedger Demo - Custom PDFs
Customize the look and layout of document PDFs auto-generated by the system.
SoftLedger Demo - Multi-currency
Automatically pull foreign currency rates and revalue at the end of the month.
SoftLedger Demo - Inventory Management
Full-featured inventory management, including light-manufacturing.
Digital asset management
Play SoftLedger Video
Digital asset management
Multi-entity consolidation
Play SoftLedger Video
Multi-entity consolidation
Intercompany journal entries
Play SoftLedger Video
Intercompany journal entries
Inventory management
Play SoftLedger Video
Inventory management
Invoicing and collections
Play SoftLedger Video
Invoicing and collections

Official Interactive Demo

SoftLedger demo available

Try an interactive demo created by the software seller (right here on G2).
Answer a few questions to help the SoftLedger community
Have you used SoftLedger before?
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Video Reviews

32 out of 33 Total Reviews for SoftLedger

4.6 out of 5
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32 out of 33 Total Reviews for SoftLedger
4.6 out of 5
32 out of 33 Total Reviews for SoftLedger
4.6 out of 5

SoftLedger Pros and Cons

How are these determined?Information
Pros and Cons are compiled from review feedback and grouped into themes to provide an easy-to-understand summary of user reviews.
Pros
Cons

Overall Review Sentiment for SoftLedgerQuestion

Time to Implement
<1 day
>12 months
Return on Investment
<6 months
48+ months
Ease of Setup
0 (Difficult)
10 (Easy)
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G2 reviews are authentic and verified.
Verified User in Financial Services
UF
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Seller invite
Incentivized Review
(Original )Information
What do you like best about SoftLedger?

The ease of use, flexible functionality and high level of support offered by the Softledger team Review collected by and hosted on G2.com.

What do you dislike about SoftLedger?

Some of the crypto module functionality is too rigid for more complex businesses so we need to come up with workarounds to avoid large fx p&l Review collected by and hosted on G2.com.

What problems is SoftLedger solving and how is that benefiting you?

We often work very closely with the softledger team to provide feedback and work on new features such as functional currency accounting, better functionality for importing budget data to remove manually keying in each budget item and improved budget versus actual reporting Review collected by and hosted on G2.com.

Response from Ryan Luchs of SoftLedger

Thank you for taking the time to leave us a review! When building SoftLedger, one of our main goals was to make sure our system could easily adapt to any business’s needs. Please continue to reach out to our customer service team, as they always love to hear what features our customers are interested in seeing.

Shaun R.
R
Strategic Finance Analyst
Small-Business(50 or fewer emp.)
Validated Reviewer
Review source: Seller invite
Incentivized Review
What do you like best about SoftLedger?

Support for bank feed linking and multiple locations make workflows really simple. Customer support is also very strong, the representatives are responsive to any problems or questions we may have. I use the software every week. Review collected by and hosted on G2.com.

What do you dislike about SoftLedger?

The visual design could be more modern and user-friendly. Review collected by and hosted on G2.com.

What problems is SoftLedger solving and how is that benefiting you?

SoftLedger helps us tackle accounting and cash management across our different corporate entities in one place, with easy intercompany transactions and bank feed links to facilitate this. Review collected by and hosted on G2.com.

LK
Mid-Market(51-1000 emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about SoftLedger?

Softledger is really easy to use and also to set up. The crypto module on Softledger is brilliant, the reporting tool is great for all needs. The staff in Softledger are really helpful and always available if you have any issues or questions. API integration is seamless and the support for this is great. As it is cloud based it is easily accessible from anywhere to use whenever you need it which is daily in my role. Review collected by and hosted on G2.com.

What do you dislike about SoftLedger?

The only downside is getting the Trial Balance in posted currency which is being implemented by Softledger. Review collected by and hosted on G2.com.

What problems is SoftLedger solving and how is that benefiting you?

Softledger is our accounting ledger to house all our financials and consolidation. The fact is does the consolidation for us is a huge benefit Review collected by and hosted on G2.com.

Response from Sanjayan Arulsakaran of SoftLedger

Thank you for the kind words, we are thrilled to hear that SoftLedger's API capabilities and Consolidation capabilities are a huge benefit to you and your team. We look forward to building on our partnership and invest in addressing opportunities to enhance the experience even further.

LJ R.
LR
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about SoftLedger?

I had the pleasure of working with Sanjay, who was my customer success support on a ticket I raised this week, as well as my implementation specialist on some Softledger tenants. Sanjay is always so professional, knowledgeable, and incredibly responsive throughout the entire process. I appreciate how patient he is, as I learn the software and how he provides us with valuable tips and best practices. Sanjay always goes above and beyond to ensure that we have a smooth and successful implementation on new projects and speedy resolution on any issue. He is a great asset to Softledger and it is because of him that I highly recommend Sofledger for anyone looking for a reliable and effective software partner. Review collected by and hosted on G2.com.

What do you dislike about SoftLedger?

challenge of categorization of transactions, once it's in the system Review collected by and hosted on G2.com.

What problems is SoftLedger solving and how is that benefiting you?

Cost basis calculation. Review collected by and hosted on G2.com.

Response from Sanjayan Arulsakaran of SoftLedger

LJ, Thank you for the generous review. We take pride in the work our Customer Facing teams perform and are grateful for your feedback.

We love seeing our partners thrive!

Verified User in Financial Services
UF
Mid-Market(51-1000 emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about SoftLedger?

Softledger is a user-friendly software with a fast and easy implementation. Also, I couldn't say enough for the instant customer support offered even with significant time differences, Travis and Sanjay are always available and even replying to resolve issues out of their normal business hours to serve us. Last but not least, the features offered and the ease of integration through API are mind-blowing and transform our Accounting work by reducing the manual involvement. Review collected by and hosted on G2.com.

What do you dislike about SoftLedger?

I could not say that there are any downsides of using Softledger maybe just the fact that sometimes some new features requested for implementation may take longer than expected given they have to cope with a myriad of requests and they need to prioritise. Even in such times they always inform us and provide us with their road map so we are aware of the status and timelines of the implementation. Review collected by and hosted on G2.com.

What problems is SoftLedger solving and how is that benefiting you?

> We were able to automate our whole Billing process reducing significantly the resources needed as well as any errors due to manual human error (ie double postings)

> Posibility for consolidated FS including automatic eliminations

> Crypto Accounting increased our efficiency and assists on reflecting the correct picture in our books Review collected by and hosted on G2.com.

Response from Sanjayan Arulsakaran of SoftLedger

Thank you for your kind words, we love to see our customers realize value from SoftLedger. We believe in owning the tedious repetitive tasks and allowing Accountants to spend their time on more high value work.

We are continuously investing in being able to deliver requested features and outcomes with product development, we appreciate the understanding.

Dane S.
DS
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Review source: Organic
What do you like best about SoftLedger?

SoftLedger team is easy to work with and are a great resource for both traditional and crypto accounting. Their support team is responsive and great to work with Review collected by and hosted on G2.com.

What do you dislike about SoftLedger?

I couldn't find anything noteworthy to mention regarding aspects I dislike about SoftLedger Review collected by and hosted on G2.com.

What problems is SoftLedger solving and how is that benefiting you?

SoftLedger excels in solving the problem of inefficient and cumbersome accounting processes. Its software streamlines workflows, automates tasks, and provides powerful tools for financial management, ultimately saving time and improving accuracy in handling financial data Review collected by and hosted on G2.com.

Response from Sanjayan Arulsakaran of SoftLedger

Thank you for your kind words Dane. We appreciate you taking the time to leave us a review, and highlighting our Traditional & Digital Asset accounting capabilities.

Anum T.
AT
Mid-Market(51-1000 emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about SoftLedger?

I like how easy it is to use with the minimal amount of steps involved in reaching to your desired report Review collected by and hosted on G2.com.

What do you dislike about SoftLedger?

I wish they could have AP aging sch linked to journal entries so it could update automatically Review collected by and hosted on G2.com.

What problems is SoftLedger solving and how is that benefiting you?

Its helping us to do consolidation for all the entities every quarter for auditor's review making our lives alot easy Review collected by and hosted on G2.com.

Response from Sanjayan Arulsakaran of SoftLedger

Thank you for your review, we appreciate your partnership and feedback. We look forward to growing value for your team.

Njeri M.
NM
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Review source: Organic
What do you like best about SoftLedger?

Softledger proved to be a user-friendly and comprehensive accounting ERP, excelling in real-time reporting and scalability.

The customer support was responsive and knowledgeable. While we are transitioning to a different ERP for specific needs, Softledger served us well, and we would recommend it to businesses seeking reliable financial management. Review collected by and hosted on G2.com.

What do you dislike about SoftLedger?

The inability to customize Forex Rates to reflect the actual rate used during the specific transaction date. Review collected by and hosted on G2.com.

What problems is SoftLedger solving and how is that benefiting you?

seamless API integration Review collected by and hosted on G2.com.

Response from Sanjayan Arulsakaran of SoftLedger

Njeri, thank you for your kind words. We enjoyed working with your team and appreciate that you took time to leave us positive review.

Exciting news, user defined FX Rates is on our 2024 product roadmap!

Angela G.
AG
Director Of Accounting
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Seller invite
Incentivized Review
What do you like best about SoftLedger?

The staff is always attentive and helpful to resolve all kind of questions. The replies come in quickly and we appreciate the API connection that allow us to customize further our accounting processes Review collected by and hosted on G2.com.

What do you dislike about SoftLedger?

The interface in some of the modules aren't always easy to navigate as there's so much information on screen (i.e. crypto transactions) that is hard to follow the rows you are checking and the headers. Review collected by and hosted on G2.com.

What problems is SoftLedger solving and how is that benefiting you?

Tracking our crypto transactions for accounting and tax purposes. It allow us to review our performance across different exchanges/wallets/protocols from a single platform. Review collected by and hosted on G2.com.

Response from Ryan Luchs of SoftLedger

Hi Angela. Thank you for taking the time to leave us a review. It is great to hear that our system is aiding you in efficiently tracking your crypto transactions. I'm sorry to hear that you are having some difficulty navigating the system; we are continuously working to make SoftLedger as intuitive as possible.

Febin P.
FP
Business Consultant
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Seller invite
Incentivized Review
What do you like best about SoftLedger?

Softledger is an easy-to-use and Excellent in accounting Digital Assets transactions. It provides something the legacy banking application is yet to have, and it's interesting. Review collected by and hosted on G2.com.

What do you dislike about SoftLedger?

Enough support persons are not available; More support staff are required to address the queries with an agreed ETA. It's hard to wait during a sprint to get the doubts cleared. Review collected by and hosted on G2.com.

What problems is SoftLedger solving and how is that benefiting you?

Softedger helped in accounting for all the digital assets transactions for my banking application which is not in the legacy core banking. Softledger has excellent API documentation, which is easy to integrate. Review collected by and hosted on G2.com.

Response from Ryan Luchs of SoftLedger

Hi Febin. Thank you for taking the time to leave us a review. It’s great to hear you are finding value in our digital asset accounting capabilities. I am very sorry to hear that the support has not been meeting your expectations. Please continue to reach out to our CS team and check out our release notes which are updated weekly. (Link Below)👇

See how SoftLedger improved