GL Wand - Top Competitors (Aug 2022)

Shlomi Lavi / updated: Aug 31, 2022

We publish unbiased reviews. Our opinions are our own and are not influenced by payments from advertisers. This content is reader-supported, which means if you leave your details with us we may earn a commission. Learn why ITQlick is free .

GL Wand vs. Alternatives in 2023

GL Wand vs. BOARD

Both systems have Analytical Functions and Financial Reporting Capabilities. GL Wand provides features such as Oracle EBS Data, Budgeting Process, and Cost Center Analysis that are unavailable in BOARD. BOARD offers features such as real-time modeling, multi-user concurrent data input, and advanced data entry that GL Wand does not.

The licensing pricing for GL Wand and BOARD is not disclosed. GL Wand, unlike BOARD, is not cloud-based, although both systems include On-Premise versions for Windows and Linux. Customers of GL Wand are accountants who use Oracle e-Business Suite, SAP ECC, SAP S/4HANA, or Microsoft Excel.

Conversely, BOARD serves sectors such as retail, professional services, consumer packaged goods, and so on. Both GL Wand by Insightsoftware (established in 2018) and BOARD (formed in 1994) are privately owned and trusted by over 500,000 users and 2,000+ organizations, respectively.

GL Wand vs. QuickBooks Desktop Enterprise

Both systems include Reports & Insights as well as Cash Flow Management. QuickBooks Desktop Enterprise has features like employee timesheets, estimates, and expense and receipts that GL Wand does not. GL Wand provides features like Trial Balance, Income Statement, and Balance Sheet that are not available in QuickBooks Desktop Enterprise. The licensing fee for GL Wand is unavailable, but QuickBooks Desktop Enterprise begins at $30 per month.

Unlike QuickBooks Desktop Enterprise, GL Wand is not cloud-based; nevertheless, both systems include On-Premise versions for Windows and Linux. While GL Wand caters to finance experts, QuickBooks Desktop Enterprise is aimed at small and medium-sized businesses across various industries, including contractors, manufacturers, wholesalers, charities, and retailers.

A privately owned company with over 500,000 customers, GL Wand by Insightsoftware was formed in 2018. In contrast, QuickBooks Desktop Enterprise by Intuit was created in 1983, listed on the NASDAQ under the ticker code INTU, and serves millions of clients worldwide.

GL Wand vs. Vena

GL Wand and Vena include features like budgeting and forecasting, financial and business-wide reporting, and cash flow planning. Vena offers features like What-If Analysis, Incentive Compensation Management, and Tax Provisioning that GL Wand does not. GL Wand offers features such as Advanced Receivables Aging, Vendor Spend Analysis, and Cash Receipts Analysis that Vena does not.

The licensing costs for GL Wand and Vena are not available. GL Wand, unlike Vena, is not cloud-based. However, both systems provide On-Premise versions for Windows and Linux. In contrast to GL Wand, which caters to finance professionals working with Oracle e-Business Suite, SAP ECC, or SAP S/4HANA, and Microsoft Excel.

Vena is designed for small to big businesses in the banking, credit union, insurance, manufacturing, higher education, and other sectors. In comparison to GL Wand by Insightsoftware, which was created in 2018 and is similarly privately owned, Vena was formed in 2011 and is trusted by over 1,300 enterprises.