Accounting Seed vs Oracle Financials Cloud

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Our analysts compared Accounting Seed vs Oracle Financials Cloud 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

Accounting Seed streamlines financial processes for mid-sized to enterprise businesses, particularly those in professional services, non-profits, and project-based industries. Built on the Salesforce platform, it leverages CRM integration and robust customization options to cater to specific needs. Key benefits include automated workflows, multi-currency support, and real-time financial reporting. Popular features range from billing and revenue recognition to inventory management and project accounting. User reviews praise its intuitive interface, scalability, and reporting capabilities. Pricing follows a tiered subscription model based on user count and desired functionality. While considered a premium solution, its feature set and integration capabilities often outweigh the cost for businesses seeking a comprehensive financial management system.

Pros
  • Easy to use interface
  • Robust reporting features
  • Seamless Salesforce integration
  • Customizable dashboards
  • Strong customer support
Cons
  • Limited customization options
  • Occasional bugs or glitches
  • Steeper learning curve for some features
  • Can be slow at times
  • No mobile app
read more...
Oracle Financials Cloud is a comprehensive suite of cloud-based financial management applications designed for mid-size to large enterprises. It automates and streamlines core financial processes, including accounting, financial reporting, payables, receivables, and project accounting. The solution boasts robust features like AI-powered insights, automated workflows, and global capabilities, making it a suitable choice for businesses seeking enhanced financial visibility and control. Users praise the platform's scalability, ease of use, and extensive functionality. However, some report occasional performance issues and a steeper learning curve compared to simpler solutions. Pricing varies based on modules selected and user count, typically starting from a monthly subscription per user. Overall, Oracle Financials Cloud offers a robust and scalable solution for managing financial operations, particularly well-suited for larger organizations seeking advanced features and global capabilities. However, potential users should consider the learning curve and pricing structure before adopting the platform.

Pros
  • Scalable
  • Automates tasks
  • Global capabilities
  • AI-powered insights
  • Robust features
Cons
  • Steep learning curve
  • Occasional performance issues
  • High cost
  • Complex setup
  • Limited customization
read more...
$750 Monthly
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$2/User, Monthly
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Product Assistance

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Product Insights

  • Better SalesForce Integration: Integrate with SalesForce CRM and use the SalesForce Product Object. Use it as a standalone product if the system is hooked to the complete platform. 
  • Improved Invoicing: Make use of multiple invoice formats with built-in approvals. Set up recurring bills for improved security and compliance and to minimize the possibility of errors. 
  • User-friendly Reporting: Create user-friendly or fully formatted financial reports using SalesForce. Easily track the company’s performance regularly with custom reports. 
  • Time Tracking and Expenses: Manage accounting with built-in time cards. Track and report on expenses using the app. 
  • Better Accessibility: Access and conduct business from anywhere in the world with the mobile app. 
  • Eliminate repetitive tasks: Automate repetitive tasks and personalize the system using point-and-click automation. Leverage the feature to personalize with codes if the automation doesn't work for certain use cases. 
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  • Intuitive User Experience: Connect data from different sources (i.e., BI, social, transactions and more) to deliver it in an efficient, engaging way. 
  • Better Decision-Making: Collaborate with others on financial procedures for quick follow-ups on pending items with social modules. Users may also provide additional information about transactions and reports for informed decision-making. 
  • Complete Integrated Suite: Leverage this solution's complete internationalization support including number, date, name and address formatting and translate them into 26 languages. Users may also integrate spreadsheets with applications for high volume data entry and one-click uploads. 
  • Complete Control: Navigate the easiest path to the next generation of financing quickly and cost-effectively through this solution’s modern user experience. 
  • Real-Time Self-Serving Reporting and Analysis: Perform simple drilldowns for live transactions to gain real-time accounting information. 
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  • Billing: Create an invoice, start a project or make a recurring billing plan without tedious integration. Customize recurring billing to business requirements. Configure and personalize the system for simple, smarter billing and payment management. 
    • Bookkeeping: Make sure that the business has relevant tax data and error-free and consistent bookkeeping with Avalara. Ensure seamless high-level security transactions without any fee structure with Stripe. Manage billing at the contract level by monitoring past, present and future activity. Make billing simpler with automatic subscription renewals. 
  • Accounts Receivable: Bridge the gap between invoices and payment cycle for a productive cash flow. Automate collection notices and monitor customer activities, aging balances in real-time with configurable dashboards and reports. 
    • Single-View Visibility: Maintain visibility of the project lifecycle and manage customer communication with custom processes. Compile accounts receivable data from any date or time and gain real-time visibility. Get a single view of billing quotes and incoming sales orders. Eliminate the need for repetitive billing work and get paid faster. 
  • Revenue Recognition: Free up the finance department’s time with a CRM-integrated customizable revenue management system. Enhance financial accuracy and make well-informed decisions by recognizing patterns, establishing connections and classifying financial data. 
    • Customizable Accounts Receivable: Customize accounts receivable for revenue recognition based on policies and procedures to ensure an efficient process. Streamline business workflow by automating revenue recognition. Minimize dependency on multiple IT resources with custom configuration. Record and edit contracts natively without the need of any additional integration software. 
  • Recurring Payments: Eliminate repetitive manual calculation with usage-based billing and built-in tiered payments. Customize the solution according to the business model. Make single or batch billing records from single or multiple sales opportunities. Create invoices from sales orders at any stage of completion with a click. Use time cards or expense reports to create bills. 
  • Paying Vendors: Customize the purchasing process and link a purchase order with a manufacturing or construction order as the business demands. Analyze stock level and purchase inventory without the hassle of integration points. Make transactions easier with the connectivity to over 14,500 banks and credit card companies. 
  • General Ledger: Gain complete control of charts of accounts set up with the analytical and intuitive financial management software. Manage user configuration without coding or customization and automate back-office operations with ease. 
  • Multi-Currency: Pay foreign vendors and receive payments in any currency. Keep track of the gain and losses based on fluctuations in the exchange rates with the standard pronouncements. Save time and money by automating conversions for transactions. Create compliant reports in multiple currencies. Minimize the possibility of errors with automated financial consolidation tools. 
  • Multi-Company: Manage budget for multiple companies in a single database. Share sales quotes and opportunities, vendors, charts of accounts, projects and accounting periods between different entities. Get real-time insights by switching between companies and local account views. Boost visibility and control with flexible, multi-company reports. 
  • Bank Reconciliation: Clear bank transactions and make quick reconciliations with minimal data entry using Bank Direct Connect. Ensure correct and up-to-date information by tracking changes with the audit trail function. 
    • Statement Management: Get statements from any bank and reconcile checking, savings and credit card accounts. Efficiently manage bank errors, keep an eye for frauds and maintain accurate cash flow. 
  • Sales Order Management: Save time and money with a streamlined sales order process. Make a sales order from the inventory in the CRM. Reserve products for a particular customer’s orders by designating the items. Capture packaging and shipping details from a single interface. 
    • Purchase Orders: Generate purchase orders directly from sales. Monitor and manage warehouse and inventory directly into one integrated system. Build a customized solution with kitting, serialized and non-serialized inventory, historical inventory balance reporting, multi-warehouse and multi-location environments. 
  • Project Accounting: Consolidate general ledger and project accounting into one system. Eliminate confusion and wasted time with an integrated general ledger and connected project system. Manage resources and gain rich insights from the financial reporting dashboards. 
    • Project Tracking: Keep track of the individual project and monitor overall business health. Analyze past projects and make the right project bid. Effectively track and manage the lifecycle of the project from beginning till the end. 
  • Tax Accounting: Organize and store accounting data in one cloud-based platform. Ensure compliance, accuracy and efficiency with Avalara integration, providing 360-degree sales tax compliance control. 
    • Real-time Data: Get access to financial data in real-time and gain optimal flexibility for VAT reporting, tax calculation. Get an automatic sales tax calculator. Create VAT returns with Avalara VAT reporting and digitally transmit it to the tax authorities. 
  • Data Security: Keep data safe with secure API, strong SalesForce IT infrastructure, two-factor authentication, user permissions, real-time event monitoring. Make sure your business is safe and the data is secure with a reliable, flexible solution. 
  • Point and Click Configuration: Create translation for the configuration with the translation workbench. Update data fields with workflow rules and process builders. 
  • Integration: Credit disbursement, collection tracking and customer interaction can be managed with SalesForce CRM integration, while Stripe integration helps with online payment collection. 
  • Drag-and-Drop: Drag-and-drop editing allows the managed reports configuration allowing for a future data export to Excel. Track expenses, reports and budgets with a consolidated general ledger. 
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  • Ledger and Analytics: View and interact with account balances from different perspectives. Analyze account balances by any dimension in real-time. 
  • Collections Overview: Rank patrons uniquely with the configurable scoring extension on the collections overview module. Users may also utilize payment management to improve cash flow with promise and payment capabilities. 
  • Generate Expense Reports: Create and submit expense reports with ease. Policy controls enable expense management controls using approvals and audits. 
  • Accounting Hub: Create a centralized location of financial data for bookkeeping teams to trust. Users receive full insights into financial information from multiple locations such as ledgers, subledgers and verified references.  
  • Quick Receivables: Manage the entire quote-to-order-to-cash process with just a few clicks. Seamlessly create customer invoices and receive/apply customer payments. 
  • Revenue Management: Recognize revenue for performance obligations at a specific point in time or over-time with the revenue management apparatus. This module also highlights liabilities and assets for performance obligations valued at due consideration. 
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Product Ranking

#281

among all
Accounting Software

#12

among all
Accounting Software

Find out who the leaders are

Analyst Rating Summary

88
83
100
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85
72
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97
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Accounts Payable
Banking and Cash Management
Financial Statements and Revenue Management
General Ledger and Chart of Accounts
Journal Entries
Deployment Options
General Ledger and Chart of Accounts
Platform Security
Project Accounting
Banking and Cash Management

Analyst Ratings for Functional Requirements Customize This Data Customize This Data

Accounting Seed
Oracle Financials Cloud
+ Add Product + Add Product
Accounts Payable Accounts Receivable Banking And Cash Management Budget And Expense Management Financial Statements And Revenue Management General Ledger And Chart Of Accounts Integration And Extensibility Inventory Management Journal Entries Mobile Support Multi-company Accounting And Asset Management Platform Capabilities Project Accounting Reporting And Analytics Tax Management 100 85 100 91 100 100 69 94 100 100 73 89 100 90 96 0 72 97 76 68 100 0 67 97 0 67 0 100 0 91 0 25 50 75 100
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we're gathering data
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Analyst Ratings for Technical Requirements Customize This Data Customize This Data

33%
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67%
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User Sentiment Summary

Great User Sentiment 337 reviews
Great User Sentiment 656 reviews
84%
of users recommend this product

Accounting Seed has a 'great' User Satisfaction Rating of 84% when considering 337 user reviews from 4 recognized software review sites.

82%
of users recommend this product

Oracle Financials Cloud has a 'great' User Satisfaction Rating of 82% when considering 656 user reviews from 5 recognized software review sites.

n/a
4.2 (14)
4.2 (25)
4.0 (92)
n/a
4.2 (45)
4.4 (127)
n/a
4.1 (151)
3.6 (15)
4.1 (34)
4.1 (490)

Awards

SelectHub research analysts have evaluated Accounting Seed and concluded it earns best-in-class honors for Accounts Payable and Mobile Support.

Accounts Payable Award
Mobile Support Award

SelectHub research analysts have evaluated Oracle Financials Cloud and concluded it earns best-in-class honors for Deployment Options.

Deployment Options Award

Synopsis of User Ratings and Reviews

Streamlined Workflows: Automates tasks, reduces manual data entry.
Seamless Salesforce Integration: Unifies financial and customer data.
Real-time Insights: Provides instant visibility into key metrics.
Improved Reporting: Customizable dashboards and reports for better decision-making.
Scalability and Flexibility: Adapts to growing businesses and diverse needs.
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Streamlined workflows: Oracle Financials Cloud automates manual tasks like data entry and reconciliation, freeing up valuable time for accountants and finance professionals to focus on strategic analysis.
Enhanced visibility: Real-time dashboards and comprehensive financial reporting provide clear insights into financial performance, enabling data-driven decision-making.
Improved accuracy: Automated workflows and AI-powered features help reduce errors and ensure data integrity, leading to more reliable financial information.
Scalability: The cloud-based platform easily scales to accommodate business growth, eliminating the need for costly infrastructure investments.
Global capabilities: Support for multi-currency transactions and international operations facilitates global business expansion.
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Limited Customization Options: May not fully adapt to specific needs.
Occasional Bugs or Glitches: Can disrupt workflows and require support.
Steeper Learning Curve for Some Features: Complex functionalities might require training.
Can Be Slow at Times: Performance issues can impact user experience.
No Mobile App: Lacks on-the-go access and data management.
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Steep learning curve: The platform's extensive features and complexity can be challenging for new users to learn and navigate.
Occasional performance issues: Some users report experiencing occasional slowdowns and glitches, impacting their workflow.
High cost: Subscription fees and implementation costs can be significant, particularly for smaller organizations.
Limited customization: Extensive customization may require coding expertise or reliance on Oracle consultants.
Complex setup: Implementing and configuring the platform can be a lengthy process, especially for larger organizations with complex needs.
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Accounting Seed users share a love-hate relationship with the software. For many, its Salesforce integration shines brightest, with "it truly ties into Salesforce seamlessly" and "no need for an API connection" being common praises. This unified data view across sales and finance wins favor in companies wanting clear customer-to-financial insights. However, some find its customization options "cluttered and confusing," particularly when compared to rivals like Xero or QuickBooks. Users lament "frustrating input screens" and a "steeper learning curve" for complex features. Reporting is another battleground. Some rave about "robust reporting features" that provide "real-time insights," while others criticize "a rework is receiving a rework" and "not integral to any accounting software." Compared to Intuit's FinancialEdge, Accounting Seed's reporting flexibility seems to fall short for some. Despite these frustrations, praise for the user interface and support persists. "Easy to use interface" and "strong customer support" are frequent positives, contrasting with complaints about clunky competitors like Sage. Efficiency gains are also highlighted, with users enjoying "reduced manual work" and "streamlined financial processes." Overall, Accounting Seed seems to be a mixed bag. Its Salesforce integration and user interface charm some, while its reporting and customization limitations disappoint others. For companies prioritizing user-friendliness and real-time financial insights, it's a contender. But for those needing highly customizable reporting or slick on-the-go access (no mobile app yet!), other options might be a better fit.

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Oracle Financials Cloud users express mixed opinions, highlighting both its strengths and weaknesses. Many praise its automation capabilities, improved visibility, and scalability, finding it a powerful tool for streamlining their accounting and finance operations. One user stated, "Oracle Financials Cloud has freed up our team from tedious data entry tasks, allowing us to focus on more strategic analysis." Others appreciate the platform's real-time dashboards and comprehensive reporting, noting that "it provides us with the clear insights we need to make informed decisions." Additionally, its scalability is seen as a significant advantage, especially for growing businesses. A user commented, "We were able to seamlessly scale Oracle Financials Cloud to accommodate our rapid expansion, without any infrastructure headaches." However, some users find the platform's learning curve steep and report occasional performance issues. One user noted, "It took our team some time to get comfortable with the interface and all the features." Others have experienced slowdowns and glitches, impacting their workflow. A user remarked, "There have been instances where the platform has been slow or unresponsive, which can be frustrating at times." Cost also presents a significant concern for some users, as the subscription fees and implementation costs can be substantial. One user stated, "The cost of Oracle Financials Cloud is definitely on the higher end, which may not be feasible for smaller organizations." Additionally, the platform's limited customization options can be frustrating for users with specific needs. A user commented, "We would prefer more flexibility in customizing the platform to meet our unique requirements." While users acknowledge the existence of similar products like SAP S/4HANA and NetSuite, they often highlight Oracle Financials Cloud's automation features, global capabilities, and robust reporting as key differentiators. One user noted, "The automation capabilities of Oracle Financials Cloud are far superior to other solutions we evaluated." Another user commented, "The platform's support for multi-currency transactions and international operations is a huge advantage for our global business." Finally, users appreciate the comprehensiveness and flexibility of the reporting tools, with one user stating, "The reporting capabilities of Oracle Financials Cloud are unmatched, allowing us to create the reports we need in a format that works for us." Overall, user reviews paint a complex picture of Oracle Financials Cloud. While it boasts powerful features and capabilities, its steep learning curve, performance issues, and high cost can be significant drawbacks. Ultimately, the decision to use Oracle Financials Cloud hinges on an organization's specific needs, budget, and technical expertise.

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