Synder vs Oracle Financials Cloud

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Our analysts compared Synder 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

Synder is a sophisticated software solution designed to streamline accounting tasks, making it particularly beneficial for small to medium-sized businesses across various industries such as e-commerce, retail, and professional services. It excels in automating data entry by seamlessly integrating with multiple payment platforms and accounting systems, ensuring accurate and real-time financial records. Users appreciate its ability to handle multi-currency transactions and detailed financial reporting, which enhances decision-making processes. Synder's standout feature is its synchronization capability, which reduces manual errors and saves time. Compared to similar products, users often highlight its intuitive interface and robust customer support. While specific pricing details are not readily available, potential users are encouraged to contact SelectHub for a tailored pricing quote that aligns with their specific requirements. Overall, Synder offers a compelling blend of efficiency and reliability, making it a valuable asset for businesses seeking to optimize their accounting operations.
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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
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$52 Monthly
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$2/User, Monthly
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Tailored to your specific needs
Small
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Android
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Cloud
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Mobile
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Product Assistance

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Knowledge Base
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Product Insights

  • Time Efficiency: Synder automates repetitive accounting tasks, freeing up valuable time for your team to focus on strategic financial planning and analysis.
  • Accuracy Improvement: By minimizing manual data entry, Synder reduces the risk of human error, ensuring your financial records are precise and reliable.
  • Real-Time Insights: With Synder, you gain immediate access to up-to-date financial data, enabling informed decision-making and agile business responses.
  • Seamless Integration: Synder connects effortlessly with popular platforms like QuickBooks and Xero, streamlining your workflow and maintaining data consistency across systems.
  • Enhanced Cash Flow Management: By providing a clear view of your financial transactions, Synder helps you manage cash flow more effectively, ensuring liquidity and operational stability.
  • Scalability: As your business grows, Synder scales with you, accommodating increased transaction volumes without compromising performance or accuracy.
  • Compliance Assurance: Synder helps maintain compliance with financial regulations by keeping detailed and organized records, simplifying audits and reporting.
  • Cost Reduction: By automating accounting processes, Synder reduces the need for extensive manual labor, lowering operational costs and increasing profitability.
  • Data Security: Synder employs robust security measures to protect sensitive financial information, giving you peace of mind about data privacy and integrity.
  • Customizable Reporting: Generate tailored financial reports that meet your specific business needs, providing insights that drive strategic growth and efficiency.
  • Improved Collaboration: Synder facilitates better communication and collaboration among team members by providing a centralized platform for financial data access and management.
  • Enhanced Customer Experience: By streamlining billing and payment processes, Synder improves customer satisfaction and strengthens client relationships.
  • Reduced Reconciliation Time: Synder simplifies the reconciliation process by automatically matching transactions, saving time and reducing discrepancies.
  • Multi-Currency Support: Manage international transactions effortlessly with Synder's multi-currency capabilities, expanding your business's global reach.
  • Environmental Impact: By digitizing financial processes, Synder reduces paper usage, contributing to a more sustainable and eco-friendly business operation.
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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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  • Automated Data Synchronization: Seamlessly integrates with platforms like Shopify, Stripe, and PayPal to automatically sync transaction data into your accounting software.
  • Multi-Currency Support: Handles transactions in various currencies, automatically converting them to your home currency using up-to-date exchange rates.
  • Detailed Transaction Categorization: Offers advanced rules to categorize transactions accurately, ensuring your financial records are organized and precise.
  • Comprehensive Reporting: Generates detailed financial reports, including profit and loss statements, to provide insights into your business's financial health.
  • Sales Tax Management: Automatically calculates and records sales tax for each transaction, simplifying tax compliance and reporting.
  • Customizable Invoicing: Allows you to create and send professional invoices tailored to your brand, with options for recurring billing.
  • Real-Time Inventory Tracking: Monitors inventory levels across multiple sales channels, helping you manage stock efficiently and avoid overselling.
  • Secure Data Handling: Employs robust security measures, including encryption and secure data storage, to protect sensitive financial information.
  • Bank Reconciliation: Facilitates easy reconciliation of bank statements with accounting records, reducing errors and ensuring accuracy.
  • Flexible Payment Options: Supports various payment methods, including credit cards and ACH transfers, to accommodate customer preferences.
  • Advanced User Permissions: Provides customizable access controls, allowing you to assign specific roles and permissions to team members.
  • Comprehensive Audit Trail: Maintains a detailed log of all transactions and changes, ensuring transparency and accountability in financial management.
  • Seamless Integration with Accounting Software: Works smoothly with popular accounting platforms like QuickBooks and Xero, enhancing your existing financial workflows.
  • Custom Rule Creation: Enables you to set up personalized rules for transaction categorization and processing, tailoring the system to your business needs.
  • 24/7 Customer Support: Offers round-the-clock assistance through various channels, ensuring you receive help whenever needed.
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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

#59

among all
Accounting Software

#12

among all
Accounting Software

Find out who the leaders are

Analyst Rating Summary

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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 0 72 97 76 68 100 0 67 97 0 67 0 100 0 91 0 25 50 75 100
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User Sentiment Summary

Excellent User Sentiment 240 reviews
Great User Sentiment 656 reviews
96%
of users recommend this product

Synder has a 'excellent' User Satisfaction Rating of 96% when considering 240 user reviews from 1 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.

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4.2 (14)
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4.81 (240)
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Awards

Synder stands above the rest by achieving an ‘Excellent’ rating as a User Favorite.

User Favorite 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

Automated Syncing: User reviews highlight Synder's strength in automating transaction data imports and reconciliation across various platforms like Stripe, PayPal, and Shopify. This automation eliminates manual data entry, a common pain point for businesses with accounting needs.
Multi-Platform Integration: Synder integrates with numerous e-commerce and payment platforms, centralizing financial data management for businesses. This streamlines accounting by providing a unified view of transactions from different sources.
Sales and Tax Reporting: The software offers comprehensive sales and tax reporting, simplifying tax season preparation and ensuring accurate financial reporting for businesses. This feature saves time and reduces the risk of errors compared to manual reporting methods.
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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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Off-Boarding Challenges: User reviews indicated there were difficulties experienced by some when trying to leave the platform.
Price Fluctuations: Some users expressed frustration with price adjustments, particularly those attributed to external economic factors like inflation.
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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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Is Synder accounting software really all it's cracked up to be? User reviews from the past year suggest that Synder excels at simplifying complex accounting tasks, particularly for businesses with a high volume of online transactions. Users rave about its ability to automate transaction data import from popular platforms like Stripe, Square, and PayPal, eliminating the need for manual entry and reducing the risk of errors. This feature is particularly valuable for businesses that process a large number of transactions, as it saves significant time and effort. However, some users have reported occasional glitches and display issues when using certain browsers. While Synder integrates seamlessly with accounting software like QuickBooks and Xero, some users have expressed a desire for broader native integration with other business tools. Despite these minor drawbacks, Synder is highly regarded for its intuitive interface, robust features, and responsive customer support. Synder is best suited for businesses heavily reliant on e-commerce and online payment platforms. Its automation capabilities, accurate reconciliation features, and support for multiple payment gateways make it an invaluable tool for streamlining financial operations and ensuring accurate bookkeeping. Synder is a game-changer for businesses looking to simplify their accounting processes and gain better control over their financial data.

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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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