Financial Suite - Top Competitors (Feb 2023)

Shlomi Lavi / updated: Feb 01, 2023

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Financial Suite vs. Alternatives in 2024

There are a number of competitors for Financial Management Suite with the two main ones being Cougar Business Accounting and Xledger.

Cougar Business Accounting delivers financial management for SMBs and includes the main core accounting features of general ledger, accounts receivables & payables, reconciliation and payments. In addition it can integrate with third party payroll systems, includes an audit trail facility and supports point of sales transactions. Cougar Business Accounting is also provided as both an on premise and cloud based solution according to customer requirements.

Financial Management Suite while also supporting core accounting requirements also includes support for currency management, tax compliance, revenue management and fixed assets as well. Additionally the product can be scaled for any size of business requirement unlike Cougar Business Accounting, however it is available only as a cloud based solution.

Then there is Xledger which supports additional features such as project based accounting, resource costing and customer & supplier management as well. The product offers an open API that allows it to integrate to a variety of third party software, and includes an advanced reporting module that supports dashboards & KPIs for financial management monitoring.

Financial Management Suite on the other hand includes a development toolkit which allows customers to easily modify the application to meet business specific processes and workflows. Additionally the product is part of a suite of applications that include Distribution & CRM which allows customers to expand the solution under one platform if their business so requires.