Top 10 Project Accounting Software in 2017

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Last updated: May 15, 2017

Last updated: May 15, 2017

TOP 20 Project Accounting Products

1
Last updated: May 12, 2017 - Asset 4000 is a product of Real Asset Management (RAM) which was launched in 1981 and for the past three decades has been a leading supplier of fixed asset management and transport and logistics software solutions. Asset 4000 is a specialist fixe
Learn more about Asset4000
1 reviews

2
Last updated: May 15, 2017 - Microsoft Dynamics GP is a complete business management software that is tailored for various business sizes, from small companies to large enterprises. Microsoft Dynamics has been expanded and has a wide functionality which makes it a comprehensive
Learn more about Microsoft Dynamics GP
15 reviews

3
Last updated: May 15, 2017 - Intacct Financial Management is web based software that provides enterprises with accounting and financial management solutions. Supported accounting functionality includes general ledger, project accounting, purchasing and cash management. Devel
Learn more about Intacct Financial Management
40 reviews

4
Last updated: May 15, 2017 - Multiview Financial Software is an accounting system that can fit businesses of any size. This software suite features many different core modules designed to improve your bottom line. The Multiview Company is located in Ottawa Canada and is com
Learn more about Multiview Financial Software
0 reviews

5
Last updated: May 10, 2017 - Intacct accounting is a cloud based accounting system developed by a company of the same name to assist businesses in improving performance by getting the most out of the finance department. It offers a broad set of functionalities that turn out to b
Learn more about Intacct accounting
40 reviews

6
Last updated: May 10, 2017 - NetSuite Financials is a cloud-based accounting and eCommerce software suite designed to comply with all business sizes. It aims to streamline your accounting department through the use of a web based application and dashboard. NetSuite Company w
Learn more about NetSuite Financials
0 reviews

7
Last updated: May 12, 2017 - Sage 100 ERP is a cloud based accounting and ERP software suite designed for small and medium sized businesses. It also deals heavily in project management and planning, allowing you to oversee every detail.   The Sage Company was founded in 1981 i
Learn more about Sage 100 ERP
7 reviews

8
Last updated: May 13, 2017 - Sage ERP X3 is an Enterprise Resource Planning (ERP) software designed for mid-market companies, and large groups’ subsidiaries. It is available in two editions, namely the standard and premium, to address the needs of specific customers through cost
Learn more about Sage ERP X3
2 reviews

9
Last updated: May 10, 2017 - Microsoft Dynamics AX is the complete ERP application that is vital in managing the resources of the company and more. From financial management to project management and reporting, this solution has everything the business needs to reach its goals.
Learn more about Microsoft Dynamics AX
6 reviews

10
Last updated: May 12, 2017 - Deltek Vision is an ERP solution designed for AE (Architecture and Engineering) firms. It provides integrated project management and accounting in a single application. Through this software, firm-wide visibility of projects is achieved, benefiting f
Learn more about Deltek Vision
1 reviews

11
Last updated: May 14, 2017 - Coda Financials is a financial management software providing real-time financial analysis, accounting and systems control for mid-sized businesses. It was developed by UNIT4 to be the financial backbone of companies that find themselves trapped in a
Learn more about Coda Financials
0 reviews

12
Last updated: May 10, 2017 - Evolution is a web based property management solution for businesses of all sizes. Other than management, it also offers accounting and marketing services. The software was designed and launched by Infor Global Solutions headquartered in Flor
Learn more about Evolution Property Management Software
0 reviews

13
Last updated: May 12, 2017 - JD Edwards EnterpriseOne Asset Management, as the name implies, is an asset management software that helps obtain more value from assets, be it equipment, facility or plant. It can help companies maximize profitability and ROI on the entire lifecycle
Learn more about JD Edwards EnterpriseOne Asset Management
12 reviews

14
Last updated: May 12, 2017 - Epicor Financial Management Software is a cloud based software that streamlines and automates financial processes of organisations. It has a comprehensive suite of tools that support legislative requirements of companies by maintaining timely financi
Learn more about Epicor Financial Management
0 reviews

15
Last updated: May 10, 2017 - Sage 500 ERP, previously known as Sage ERP MAS 500, is an integrated enterprise management solution that maximises profits, procedural effectuality and productivity of enterprises.  It offers solutions to standard operation like Accounting, Finance,
Learn more about Sage 300 ERP
2 reviews

16
Last updated: May 15, 2017 - Tracking time and expenses in a business is quite crucial. BillQuick is a time and expense management software which is availed as a self-hosted, stand-alone or cloud-based program. BillQuick is an all-round business management software and includes
Learn more about BillQuick
14 reviews

17
Last updated: May 12, 2017 - SAP Business All-in-One is an ERP suite for small and medium sized companies. It is complete with integrated and preconfigured processes that can be availed of according to the use of specific industry. The product can adjust to the changing needs of
Learn more about SAP Business All-in one
0 reviews

18
Last updated: May 11, 2017 - SAP Business ByDesign is a cloud based ERP software suite, designed for small and medium sized enterprises. It deals with all your business branches, and does so through the use of a centralized system presenting all options in one interface. The pro
Learn more about SAP Business ByDesign
3 reviews

19
Last updated: May 10, 2017 - Microsoft Dynamics NAV is comprehensive ERP software which is structured to improve the functionalities of small and mid-sized businesses. With the proper use of Microsoft Dynamics NAV, business owners are able to make decisions easily and manage the
Learn more about Microsoft Dynamics NAV
0 reviews

20
Last updated: May 10, 2017 - Microsoft Dynamics SL is a web-based and on premise software solution developed to help companies manage complex project accounting. It is one of Microsoft’s enterprise resource planning applications  and part of the product family referred to as Mic
Learn more about Microsoft Dynamics SL
4 reviews

Popular Project Accounting software

Screenshots

Specifications

Asset4000 Specifications

Name: Asset4000
Company: Real Asset Management (RAM)
Address Des Moines, Iowa
Software Type: Standalone, On Premise
Typical Customers: Small business, Medium business, Large business
Business Area: Cross Business Areas
Platforms: Desktop, Mobile

Microsoft Dynamics GP Specifications

Name: Microsoft Dynamics GP
Company: Microsoft
Address Microsoft Corporation, 157th Avenue Northeast, Redmond, WA
Software Type: Standalone, On Premise
Typical Customers: Start up, Small business, Medium business
Business Area: Cross Business Areas
Platforms: Desktop, Cloud

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A Buyer's Guide to Business Software Solutions

How to Evaluate and Buy Business Software
 
If you’re somehow puzzled if this article is only for a specific size of business, no, it’s not. This is for you SMEs, MNEs and start-ups software buyers. Also, we’re not talking about a specific software solution here. Whether the software solution that you’re planning to buy is for Accounting, Business Intelligence, ERP, CRM, Help Desk, Maintenance Management or other types of application, one thing is for sure; with the help of this article, you will be able to know the right process in evaluating and buying a business software solution.
 
We’ve been into the software business for years and we’re seeing a lot of nitty-gritty things that often bring confusions and hesitations to many companies looking for better software solutions. Some companies can’t afford to let go their legacy systems while a few is encountering technological snags once the new system is in place. While this is the underlying truth behind software acquisition and implementation, what’s exciting about buying a business software solution is that there is a clear and obvious proof that thousands of companies and corporations today are happy with the benefits this technology is bringing into their respective businesses.  There is a significant increase in their revenue and the growth is on-going. And it’s easy to say; many from the Fortune 500 companies are making a lot of money because of their smartly-acquired business software.
 
So, let’s get straight to the point. What should you do in order to acquire that business software that could make your organization achieve its goals? The answer to this is pretty straightforward: evaluate and buy that right business software. Yes, that’s what you need to do and here’s the best manual from ITQlick.com that could certainly help you in doing that strategically.
 
Consider the Needs of Your Organization
Let’s assume that at this point, the entire management team agreed that you are ready to invest on a certain software application. The budget has been compromised and the key persons who will be involved in the acquisition process were already identified. Therefore, it’s time to approach things the project management way.
 
Define the Project
Every business software solution is categorized base on application type, features, deployment model, market size and pricing model. Remember that our objective here is to evaluate and buy a business software product that will fit into the size and present needs of your business. So what the project management team should try to deal with first is to define the real requirements of your business exactly base on the categories set by the software industry. Moreover, by doing this activity, you are already narrowing down your search for the right solution. Now, consider bringing this list of FAQs to the project management and aim to come up with clear-cut answers.
 
  1. What type of software is needed? Is it Integrated-Suite, Best-of-Breed or Industry-Specific? Ask your CEO’s main agenda and find the perfect match from these available options.
  2. What are the core and secondary features? Are you looking for basic, advanced or hi-end features? List down the specific features per category and allow the department managers and supervisors to give their insights on this list.
  3. How are you going to deploy the system? Would it be on-premise, cloud-based, hosted, or mobile-based? Weigh these options with the help of your CIO.
  4. Are you going for Tier 1, Tier 2 or Tier 3 vendors? Their offered solutions are base on the size of their target market - SMEs, MNEs or start-ups. Seek your CFO’s advice as it is important to match your financial capacity against the cost of the solution that the providers have for you.
  5. Are you willing to pay for the perpetuity software license or a subscription-based solution is way better? How many users are there and what would be their roles in using the system? Solicit feedbacks from future end users for they know better what challenges and risks might possibly come along their way when they’re using the system.
 
Finalize the BOM or List of Requirements
After providing definite answers on the above questions, we can say that the project has already been defined. Your procurement team is now ready to do their role in the acquisition process of this solution. However, in order for them to execute their job properly, they must have the complete list of requirements - features, specifications, hardware, and the software product. In other words, the Bill-of-Materials (BOM) that is final, complete and well-prepared must be handed over to the procurement director. Needless to say, it is very important that everybody is following the company purchasing and procurement protocols at all times.  
 
Request for Proposal (RFP)
The RFP process will bring everything into formality. Since you’re more likely in a line of business that doesn’t regularly buy software products, it is of critical importance that your RFP is well-structured before you send it to your prospect solution providers.
 
Draft the RFP
An RFP that contains all the relevant information as discussed during the project management meetings will enable the providers to return back to you their proposal that is complete and substantial. Therefore, your RFP should basically contain the following:
 
Brief Introduction
  • Company Name
  • Mission and Goals
  • Purpose of the RFP (or the need for software solution)
Business Background
  • Organizational Structure
  • Current Situation (IT infrastructure, system currently in-use, system issues and desired solutions, etc.)
  • Major Objectives of the Software Purchase
Request for Specific Requirements
  • Solution Functionality
  • System Specifications
  • Vendor Company Information
  • Price Model, Service Plans, Package Options
Other Important Inquiries (if necessary)
 
Send the RFP
Well-structured RFP will bring a lot of advantages especially when the proposals from various providers are received and then subjected for review and analysis. Send your RFP to at least three to five providers (or prospects which you have already shortlisted during the project definition phase). Depending on the complexity of the solution, most vendors will send their proposal in a matter of time, which could be around 4 to 6 weeks for Integrated-Suite solution.
 
Why still send RFP?
Is there really a need for RFP if your preferred solution (like cloud-based) and the service plans or packages are already displayed on the vendor’s website? Well, yes, you still need to undergo the RFP process. For most sales people, they certainly know that those figures appearing in the vendor’s website are usually the “list price” and not the “actual price”. More importantly, the vendor’s proposal (response to RFP) will serve as your main basis for the negotiation. Therefore, sending an RFP is a strict requirement.
 
Follow up questions relevant to RFP
More often than not, questions and concerns will be raised by the vendors to whom you send the RFP. You have to entertain them with utmost professionalism. Solution providers who are seeking further clarifications relevant to the RFP are consisting of professional software experts who wants to help your organization as much as they can. Entertain them but at the same time, always be cautious when providing additional information which you know is confidential or proprietary.
 
Evaluate the Proposals
Always refer to your finalized BOM when tabulating the contents of each proposal. Part of this process is to check the features that are available from this certain vendor and to cross out those that are not. While using spreadsheet aids the tabulation process, laying down the document proposals on the table and allowing your project management team to review them one by one should always be conducted. Evaluating the proposals in full force can help strengthen your decision-making process. Have another round of brain-storming session and come with the name of your preferred solution provider.
 
When selecting the final vendor, always promote the best interest of your organization. Consider answering these questions with full sincerity.
 
  1. Which vendor can provide the long-term benefits to your organization?
  2. Which vendor can provide the best and honest service from acquisition to full implementation?
  3. Which vendor is willing to devote most of its time in better serving its client?
 
Contact this solution provider and in your own strategic approach, try to get the answers to those three important questions above. In most cases, vendor who really wants to prove its craft will offer product demos on a higher level. Others will even invite you to check their already deployed and working systems. Feel free to connect with this type of vendor. Conduct simulation and testing, be it a cloud-based or on-premise solution. Examine all aspects and angles especially those that your project management team want to really know in-depth. For as long as it could help you arrive at a better decision, consider doing all the options available – for the interest of the organization.
 
Enter the Negotiation Process
Most solutions providers can be flexible in terms of pricing. Although the final say is oftentimes on the mouth of the sales person from the vendor’s side, a good negotiation process can always deliver a win-win situation to both parties involve. While negotiation sometimes cannot be settled in one sitting session, always be honest with your intentions whenever negotiating with your provider. If it’s about your budget, justify it with clarity. If it’s about their service plans, tell them what’s lacking or missing on their solution. At the end of the day, the most important event that should happen is that both of you are shaking hands because of a well done negotiation process.
 
Seal the Contract
So what are you going to do on a contract that involves a significant amount of investment? There are three project management approaches for this.
 
  1. Pass the ball to you legal team. They know what to do and more or less they will tell you if there is something wrong with the contract. Give them enough time to review before they affix their signature and then finally seal the contract.
  2. Hire a consultant base on the technical aspect that you want to clarify in the contract. If it’s the Scope of Work (SOW), a software implementation expert is the right person. If it is related to complex legal terms and conditions, a lawyer can help. If it has something to do with money, invite an accountant to conduct a thorough review and computation if necessary.
  3. Always consider consulting your project management team. Remember that the CIO, CFO and CEO are all team members. They will be the signatories and they know what’s best for the interest of the company when signing a contract agreement.
 
From evaluation to buying stage, it is important that the project manager must take full responsibility of monitoring all the works identified and distributed among team members. This is why delegating the right project manager is also an important consideration when buying a business software solution. And again, ITQlick.com wants to emphasize that whatever the size of your company is, using the project management approach will always lead you into a better outcome – that is getting what you paid for the right business software solution. 

Finding the right business software for your business
Proper business software selections are the precursor to successful deployment and business growth. Finding the right solutions doesnt have to be complicated, and it doesnt have to take days or weeks of your time.

After researching over 2,000 systems, we can identify the best solution for companies of all shapes and sizes. ITQlick.com is 100% free for software buyers.

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