Are you wondering what accounting software big companies use? Large businesses have specific accounting needs that require specialized software to handle complex financial tasks. Here’s a list of 10 accounting software for large businesses that can make managing finances easier, improve accuracy, and help with important decision-making.
1. Oracle NetSuite
Oracle NetSuite is a leading accounting software for large businesses. It offers cloud-based solutions that cover financial management, inventory tracking, and reporting. Its ability to grow with a company makes it popular with big businesses that need flexibility.
2. Sage Intacct
Sage Intacct is a favorite among large companies for its strong financial management features. It includes advanced reporting, multi-entity management, and automation, which makes it an excellent choice for businesses with complex accounting needs.
3. SAP ERP Financials
SAP ERP Financials is one of the top accounting software for large companies. It helps businesses manage global financial operations, compliance, and reporting. When people ask, what accounting software big companies use, SAP is often at the top of the list because of its strong reputation for handling complex financial tasks.
4. Microsoft Dynamics 365 Finance
Microsoft Dynamics 365 Finance provides powerful tools for large business accounting. It helps companies manage their finances, automate routine tasks, and keep track of their financial performance with in-depth reporting.
5. Infor CloudSuite Financials
Infor CloudSuite Financials is built for large businesses that require advanced financial tools. It integrates accounting with real-time financial analysis, making it easier to manage everything from transactions to compliance across multiple locations.
6. Workday Financial Management
Workday Financial Management is another great accounting software for big businesses. It offers features like budgeting, planning, and real-time reporting, helping large organizations streamline their financial operations.
7. QuickBooks Enterprise
QuickBooks Enterprise is designed for large businesses needing more than the basic features of regular QuickBooks. It provides tools for managing payroll, inventory, and finances, which makes it a practical solution for big businesses with advanced needs.
8. Xero
Xero is a cloud-based accounting software for large companies. It’s known for its easy-to-use interface and helpful features like invoicing, payroll, and reporting. It is an excellent choice for big businesses seeking a scalable and flexible accounting solution.
9. Zoho Books
Zoho Books offers affordable and flexible accounting software for big businesses. It provides everything from managing multi-currency transactions to advanced reporting, which makes it ideal for large businesses that need a robust system without a high price tag.
10. Epicor ERP
Epicor ERP is a thorough accounting software solution for large organizations. It helps companies handle financial management, budgeting, and reporting, all while offering tools for tracking assets and staying compliant with regulations. It’s designed to meet the needs of large companies with complex operations.
11. Acumatica
Acumatica provides cloud-based ERP and accounting software designed for large enterprises with complicated requirements. Its features include financial management, inventory control, and real-time business insights.
12. FreshBooks
FreshBooks has added new features that make it work well for larger companies. It’s simple to use and enables teams to collaborate on financial responsibilities.
13. Wave
Wave is free accounting software that some larger businesses are starting to use. It’s simple to understand but still has many useful features.
14. Kashoo
Kashoo is an accounting platform that offers simple yet effective solutions for large businesses. It automates accounting processes like invoicing, expense tracking, and reconciliation, helping businesses save time.
15. Deltek Vision
Deltek Vision is tailored for large businesses, especially those in project-based industries. It offers financial management tools like project accounting, reporting, and planning, making it ideal for businesses managing multiple projects.
How to choose the right accounting software for your large business?
Choosing the best accounting software for your large business is critical to keeping your finances organized and working effectively. Here are some simple steps to help you choose the best option:
- Understand Your Business Needs: Think about what your business requires. Do you need features like managing multiple locations, global accounting, or detailed reports? Create a list of the most important features for your business.
- Make Sure It Can Grow: Choose software that can expand your business. As your business grows, your software should be able to accommodate more transactions, users, and tasks.
- Cloud vs. On-Premise: Decide whether you want cloud-based software (which you can access online from anywhere) or on-premise software (installed on your own servers). Cloud-based is more flexible, but on-premise gives you more control.
- Look for Automation: Choose software that can automate tasks like invoicing, payroll, and reconciling accounts. It should also easily connect with other tools your business uses, like your CRM or inventory systems.
- Customization: Large businesses often need special features. Go for software that allows you to customize reports, workflows, and dashboards to fit your needs.
- Ease of Use: Make certain that the software is simple to use. Your team should be able to grasp it immediately without devoting too much time to training.
- Security and Compliance: The software should protect your financial data and follow the rules and regulations your business needs to comply with.
- Consider the Cost: Pick the software that meets your budget while still providing the highest value. Keep an eye out for additional costs such as setup fees or monthly maintenance charges.
- Customer Support: Good customer service is essential. Look for software companies who provide 24-hour assistance and can assist you promptly if you have any problems.
- Test It Out: Several software providers provide free trials or demos. Make use of these to test the program and ensure that it fits your requirements before committing.
By following these steps, you can choose the best accounting software for your large business and guarantee that it helps your company manage its finances effectively.
Find the Right Accounting Software for Your Large Business
Picking the right accounting software is crucial for managing your large business’s finances. Options like Oracle NetSuite, Sage Intacct, and SAP ERP Financials can handle complex tasks and help with decision-making. To choose the best software, think about what your business needs, whether you want cloud-based or on-premise solutions, and make sure it’s easy to use and secure. Test different options before making a choice, and select software that offers good support and fits your budget.