e-conomic vs Accountmate
Last Updated:Our analysts compared e-conomic vs Accountmate based on data from our 400+ point analysis of Accounting Software, user reviews and our own crowdsourced data from our free software selection platform.
Product Basics
Product Assistance
Product Insights
- Time Efficiency: Automate repetitive accounting tasks, such as invoicing and bank reconciliation, freeing up valuable time for strategic decision-making.
- Real-Time Financial Insights: Access up-to-date financial data and reports, enabling informed business decisions and proactive financial management.
- Scalability: Easily adapt to business growth with scalable features that accommodate increasing transaction volumes and complex accounting needs.
- Collaboration: Facilitate seamless collaboration between accountants, bookkeepers, and business owners through shared access to financial data.
- Cost Savings: Reduce overhead costs associated with manual accounting processes and minimize errors that could lead to financial discrepancies.
- Compliance Assurance: Stay compliant with local and international accounting standards and regulations, reducing the risk of legal issues.
- Data Security: Benefit from robust security measures that protect sensitive financial information from unauthorized access and data breaches.
- Customizable Reporting: Generate tailored financial reports that meet specific business needs, providing clarity and insight into financial performance.
- Integration Capabilities: Connect seamlessly with other business tools and applications, streamlining workflows and enhancing productivity.
- User-Friendly Interface: Navigate the software with ease, thanks to an intuitive design that reduces the learning curve for new users.
- Remote Accessibility: Access your accounting data from anywhere with an internet connection, supporting flexible work arrangements and remote teams.
- Cash Flow Management: Monitor and manage cash flow effectively, ensuring sufficient liquidity for operational needs and growth opportunities.
- Customer Support: Receive expert assistance and guidance from a dedicated support team, ensuring smooth operation and troubleshooting when needed.
- Environmental Impact: Reduce paper usage and contribute to sustainability efforts by digitizing accounting processes and documentation.
- Decision Support: Leverage analytical tools and insights to support strategic planning and enhance business performance.
- Save Time: It helps confirm or eliminate software frontrunners to save time and energy, which can be invested in the business’s core objectives.
- Quick Research: Reduce research turnaround. Ensures no time is wasted researching modules’ features
- Supports New Features: Leverage support for new software features, functions and capabilities that you might not have known before.
- Flexible: Its flexible and scalable accounting and business management software evolves as the business expands to fit growing needs.
- Adaptable: Customizable source code lets it adapt to changing requirements and evolve as the business moves forward.
- Multi-Currency Capability: A built-in translation engine for multilingual businesses lets them conduct business on a global scale and handle numerous foreign currencies.
- Simplifies Payment Processing: Businesses can issue checks and post-credit card statements immediately after the invoice is generated to save time. Authorize pre-payments and payments for multiple vendors simultaneously.
- Free Trial: A free trial is provided for users to test before purchasing the system in full. Users can fill out a form on their website to access their complete demo
- Invoicing: Create and send professional invoices with customizable templates, ensuring brand consistency and clarity.
- Bank Reconciliation: Automatically match transactions with bank statements, reducing manual entry and errors.
- Expense Management: Track and categorize expenses efficiently, allowing for better financial oversight and control.
- Multi-Currency Support: Handle transactions in various currencies, ideal for businesses operating internationally.
- Project Management: Monitor project budgets and timelines, integrating financial data for comprehensive project oversight.
- Reporting: Generate detailed financial reports, including balance sheets and profit & loss statements, for informed decision-making.
- VAT Management: Automate VAT calculations and submissions, ensuring compliance with local tax regulations.
- Mobile Access: Access your accounting data on-the-go with a mobile-friendly interface, enhancing flexibility and responsiveness.
- Integration Capabilities: Seamlessly connect with other business tools like CRM and e-commerce platforms to streamline operations.
- User Permissions: Set specific access levels for different users, maintaining data security and integrity.
- Customer Support: Access a dedicated support team and comprehensive online resources for troubleshooting and guidance.
- Time Tracking: Record billable hours directly within the platform, simplifying invoicing for service-based businesses.
- Inventory Management: Keep track of stock levels and manage orders, ensuring efficient supply chain operations.
- Recurring Invoices: Automate the billing process for regular clients, saving time and reducing administrative workload.
- Dashboard Overview: Gain insights into key financial metrics with a customizable dashboard, providing a snapshot of business health.
- Modifiable Source Code: Unlike other accounting solutions that require you to change the core business processes in order to use the software, the system offers customizable mechanics with modifiable source code. It can conform to unique business process requirements as and when needed.
- Real-Time Information: Provides real-time business information solutions to help users understand the competition and make well-informed decisions to boost the bottom line. Its bank reconciliation module gives detailed information about the real-time cash position of the business.
- Data Integrity: Built-in safeguards ensure data protection using encryption technology.
- On-Premise or Cloud-Based: Accessible via the cloud or on remote servers. Choose between on-premise or cloud-based deployment strategies with secure data practices to fit the needs of the business.
- Multiple Versions: Optimized for medium and small-scale businesses and available with enterprise, express, cloud, LAN and SQL versions.
- AccountMate Enterprise: It provides real-time, customizable financial and business management solutions to ensure the accommodation of multiple concurrent users.
- AccountMate SQL: Designed for businesses that want the stability of SQL but do not have the expenditure bandwidth to afford it. It comes with modifiable source code and can be customized to fit different business processes and needs.
- AccountMate LAN: This fully customizable module provides businesses with data management and administrative features that evolve as the business grows.
Product Ranking
#102
among all
Accounting Software
#26
among all
Accounting Software
User Sentiment Summary
1 reviews
27 reviews
e-conomic has a 'fair' User Satisfaction Rating of 60% when considering 1 user reviews from 1 recognized software review sites.
Accountmate has a 'great' User Satisfaction Rating of 89% when considering 27 user reviews from 3 recognized software review sites.
Synopsis of User Ratings and Reviews
Is e-conomic really economical with the truth when it comes to user experience? User reviews from the past year paint a somewhat ambivalent picture of this cloud-based accounting software. While e-conomic is generally lauded for its user-friendly interface and comprehensive suite of features, including electronic invoicing and bank reconciliation, some users find that certain aspects, such as VAT reporting, necessitate a considerable amount of accounting knowledge, potentially posing a challenge for newcomers. This is akin to having a car with all the bells and whistles but needing a mechanic's certification to change a tire. A key differentiator for e-conomic is its robust automation tools, such as automatic invoice reading and attachment matching, which streamline tedious accounting tasks. However, the software's integration setup can be a bit of a head-scratcher, often requiring technical expertise. Furthermore, while e-conomic is praised for its cloud-based efficiency and secure data access, some users find the interface clunky, especially for more complex tasks, like navigating a labyrinthine library. In essence, e-conomic appears best suited for businesses with some existing accounting infrastructure and technical know-how, much like a seasoned chef who can fully utilize a professional-grade kitchen. Smaller businesses or those lacking technical expertise might find the learning curve a tad steep.
Accountmate's customizable dashboards, user-friendly interface, and extensive reporting capabilities have earned praise from users. Its inventory management features, such as real-time stock tracking and multi-location support, are particularly well-regarded. However, some users have reported occasional performance issues and a lack of certain advanced features found in competing products. Compared to QuickBooks, Accountmate offers a more robust feature set and greater flexibility, making it better suited for larger businesses with complex accounting needs. Its multi-company and multi-currency capabilities give it an edge over Sage 50cloud, which is more suitable for small businesses. Accountmate's strong reporting and customization options set it apart from NetSuite, which excels in cloud-based scalability and integration. Accountmate is an ideal choice for businesses seeking a comprehensive accounting solution with customizable dashboards, advanced inventory management, and extensive reporting capabilities. Its user-friendly interface and flexible configuration options make it accessible to both small and large businesses.
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