SoftLedger solves multi-entity, multi-currency accounting with a 95% implementation success rate
We’ve noticed that when businesses outgrow their accounting tool (usually QuickBooks), they look at NetSuite and Sage Intacct as potential solutions. They know the brands. But they also know that switching comes at a risk:
- Long implementation process
- Hiring more people to manage the tool
- 6-figure contracts to get started
SoftLedger is the accounting tool that was missing in between QuickBooks’ ease of use and the customizability of NetSuite and Sage Intacct. It’s built for accountants, controllers and CFOs that have outgrown the limitations of QuickBooks. And it gives you everything you need to manage a multi-entity, multi-currency business with a tool that’s easier to implement, use, and customize than ERPs.
"ANTI-ERP! Fast, easy to operate and to manage! It is affordable and it allows us to work with many accounting models of many corporations in a variety of countries.
Ronaldo Bezerra
Financial Director
Anglo Andino Group
“We maintain multiple entities in the United States and Africa, and the ability to consolidate across all companies has been crucial. We can schedule real-time entries from our core banking system and generate reports on the fly as we scale.”
Brian Dempsey
CEO & Founder
Power Financial Wellness
“You can enter all your different entities as locations, keep their individual books separate, and combine them as necessary for rolled-up reporting needs. Being able to do this all on one accounting profile cuts down on software costs and the complication of multiple accounts needed to keep different entities' books separate.”
Clayton Scherrer
CFO
Ecogy Energy
75% of Enterprise Resource Planning (ERP) implementations end in failure for medium sized businesses — Would a finance expert invest on those odds?
| Implementations | ERPs | SoftLedger |
|---|---|---|
| Success rate |
25% - 50% NetSuite estimates 50% of their implementations fail the first time |
95% Most customers successfully adopt SoftLedger |
| Failure rate |
50% - 75% NetSuite estimates 50% of their implementations fail the first time |
<5% Most customers successfully adopt SoftLedger |
| Length |
6 - 12+ months Months to a year, but no one really knows |
<30 days Most new customers close their books on SoftLedger within 30 days |
ERPs are powerful. CRM, supply-chain, procurement, payroll. There’s no denying that NetSuite and Intacct can do lots of things that SoftLedger can’t. But choosing a full-blown ERP is too big of a risk for small teams with limited resources.
If your company is looking for a scalable accounting solution, SoftLedger delivers everything you need with a 0% implementation failure risk.
Why pick SoftLedger over Oracle NetSuite & Sage Intacct
| Function | SoftLedger | Intacct | NetSuite |
|---|---|---|---|
| Multi-entity | Roll up your financials or see data for any entity level, at any time. Each journal entry is immediately consolidated. Reports are updated in real-time, based on transactions coming into the system. Use multi-entity out of the box — no add-ons. | Handles multi-entity pretty well. You can manage all your entities from one account and do instant multi-entity consolidations. Your base subscription includes 1 legal business entity. Additional entities cost an extra fee. Expect to pay ~$20K/year or more. | Entities work as separate pieces and can’t be easily rolled-up without running a consolidation. Setting up new entities requires help from IT or NetSuite’s support services. Pay for NetSuite OneWorld ($1,999/mo) to support multi-entity. Each additional country costs $799/month. |
| Multi-currency | Automatically pulls exchange rates with every transaction, giving you a consolidated view at any time during the month instead of waiting until month-end close. Create entries in any currency, then see the data in the currency of the entity you’re reporting on. Unlimited currencies at a fixed price. | Pulls exchange rates from a private company in the trading space. Alternatively, you can define monthly exchange rates that you can control. Expect to pay ~$5K/year for this. | Updates currency exchange rates one time every day, for all NetSuite accounts. Pay for NetSuite OneWorld ($1,999/mo) to support multi-currency. Each additional currency costs $799/month. |
| Crypto & digital assets | Automates all your cryptocurrency transactions, across multiple wallets and exchanges. SoftLedger is the first general ledger accounting software with a native module for crypto assets like Bitcoin, Ethereum, and others. | Intacct doesn’t support crypto. Either pay for a secondary crypto tool and integrate with Intacct or handle all your crypto accounting outside of Intacct and then import it. | NetSuite doesn’t support crypto. Either pay for a secondary crypto tool and integrate with NetSuite or handle all your crypto accounting outside of NetSuite and then import it. |
| Integrations | Use a low-code connector to set up integrations on your own. Requires no coding knowledge. SoftLedger also offers an API for more complex integrations. Using the API might require help from a developer, but they don’t need specific knowledge on SoftLedger to create native integrations in a few days. Offers both an API and marketplace. | Typically requires finding a consultant with specific coding knowledge and outsourcing integrations to 3rd party providers. Building integrations can take weeks or months. Offers both an API and marketplace. | Typically requires finding a consultant with specific coding knowledge and outsourcing integrations to 3rd party providers. Building integrations can take weeks or months. Offers both an API and marketplace. |
| Contract length | Annual plans. | Annual plans. |
Annual plans. NetSuite increases prices each year (5% to 10% each time). Every year you renew your licenses, your subscription cost goes up, unless you choose a 3 or 5 year contract. |
Compare total cost of ownership
| SoftLedger | Intacct | NetSuite | |
|---|---|---|---|
|
Annual subscription Base fee to access the product |
$500/mo to $1,375/mo based on your plan |
$86/mo per user (starting price) $15,000 to $35,000 per year on average |
$999/mo platform fee (starting price) $99/mo per user |
|
Add-ons subscription Modules not included out-of-the-box |
$10 /mo to $250/mo | $250/mo to $850/mo on average | $599/mo to $1,999/mo for each add-on |
|
Implementation cost Pay the vendor or 3rd party consultants to get you up and running |
$0 | 1 to 1.5X of your annual subscription | $15,000 to $25,000 for 10 to 15 users |
|
Customization cost Develop specific functionalities or personalize reports |
Flat fee scoped in advance | $30 to $250 per hour, based on consultant’s location | $30 to $250 per hour, based on consultant’s location |
|
Integration cost Connect the tool to other systems |
$2,500 to $5,000 per integration | $3,000 to $8,000 for average integrations | $5,000 to $10,000 for average integrations |
|
Ongoing support Help with issues and other tasks |
Included with your subscription | ~$1,000/mo for an Intacct partner | ~$2,000/mo for a NetSuite partner |
|
Human resources cost Hire experts to admin the tool |
$0 — No admin needed | $45,000 to $70,000 a year for a Junior Intacct Administrator | $62,000 to $98,000 a year for a Junior NetSuite Administrator |
"SoftLedger is the reason I have time to sleep. Crypto Transactions module is a masterpiece. They have off-the-shelf coin reporting. Custom coin management. You can track cost-basis, coin movement, realized gain/loss, unrealized gain/loss and even itemized transaction journal entries."
Wesley Culbertson
Senior Accountant
Orchid
"A must have for crypto accounting. SoftLedger calculates the cost base of coins and generates the journals automatically with a highly customisable setting which no other crypto accounting software can do in the market. If you are in business with a mixed operation of crypto and fiat currencies, you will need SoftLedger to help you stay on top of the job."
Bo Li
Financial Controller
Easygo
"Pick the right tools early on and it will set the foundation for scalable growth. SoftLedger didn't just solve our immediate problems — it equipped us for the future."
Daniel Berz and Luis Odon
Co-Founders
Trillion Digital Assets
Ready to Transform Your Accounting Operations?
Book your personalized demo today and discover how SoftLedger can streamline your financial operations.