GCE Financial Accounting Review - why 2.8 stars?
Compare PricingITQlick Score: | 62/100 |
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ITQlick Rating: |
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Pricing: | 3.2/10 - low cost |
Category: | Accounting & Finance -> GCE Financial Accounting review |
Ranking: | Ranked 231 out of 419 Accounting & Finance systems |
Company: | GCE |
Typical customers: | Start up, Small business, Medium business, Large business |
Platforms: | Desktop |
Links: | GCE Financial Accounting pricing, GCE Financial Accounting alternatives |
Shlomi Lavi / updated: Dec 17, 2019
GCE’s mission is to deliver innovative technology solutions via the cloud to transform how organizations do business. The company’s solutions are designed to offer unlimited and secure access to financial data utilizing a flexible accounting system that can address all of a company’s financial needs.
The solution addresses the needs of the accounting and finance department of a business by ensuring the integrity of financial data. Executive managers can gain access to critical financial information to make business decisions, while Finance managers are also empowered by being able to review and reconcile financial information to ensure accuracy and consistency across the organization. Additionally financial controls can be put in place to ensure operational performance and productivity while maintaining proper monitoring of all processes to create greater efficiencies.
For government organizations GCE Financial Accounting offers a solution that ensures complete financial transparency and accountability with standardized financial reporting and integrated transaction processing. With real time insights into spending these agencies can make better business decisions and be more effective in their service provision. The software is also designed to meet all government standards & audit requirements in a secure environment, which is subject to strict audits to ensure the prevention of any fraudulent practices.
Finally as the product is a cloud based solution it is flexible to meet an organization’s growth requirements but scalable in terms of controlling the investment an organization makes in line with their level of utilization and requirements. In this way GCE Financial Accounting is best for those organizations and entities looking for cost effective solutions without the need for technology investment or management.
Customers include the U.S. Department of Labour and the U.S. Equal Employment Opportunity Commission.
The product includes modules for General Ledger, Accounts Payables & Receivables, Purchasing, Budgeting and Cash Reconciliation. Resource and Labour Cost management are included, as well as an integrated time & attendance system with payroll for effective workforce management. There is also support for asset management from acquisition to disposal for productive use of internal fixed assets.
Finally there are a suite of enterprise reports and analytics to analyze and visualize data in real time to get valuable insights for business decisions. This includes a comprehensive list of financial statements as well as audit support to provide accurate financial reports for internal and external business managers.
Additionally GCE Financial Accounting is cloud-based and delivered as a service so this means it can be rapidly deployed but still offers robust security, unlimited access and high reliability. GCE takes on the full responsibility of migrating an organization’s legacy data into the cloud solution and provides a dedicated support team both during implementation and subsequently to support operations.
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Table of Contents
What is GCE Financial Accounting?
GCE Financial Accounting is a fully fledged cloud based financial accounting solution. The software is built on Oracle eBusiness Suite and consists of a core financials package that includes procurement, accounts payables & receivables, asset management and data analytics.GCE’s mission is to deliver innovative technology solutions via the cloud to transform how organizations do business. The company’s solutions are designed to offer unlimited and secure access to financial data utilizing a flexible accounting system that can address all of a company’s financial needs.
Who is it best for?
GCE Financial Accounting is a cross-industry product that is scalable for any business size and is offered for both commercial and government organizations. The product is offered as a cloud based solution with a SaaS delivery model.The solution addresses the needs of the accounting and finance department of a business by ensuring the integrity of financial data. Executive managers can gain access to critical financial information to make business decisions, while Finance managers are also empowered by being able to review and reconcile financial information to ensure accuracy and consistency across the organization. Additionally financial controls can be put in place to ensure operational performance and productivity while maintaining proper monitoring of all processes to create greater efficiencies.
For government organizations GCE Financial Accounting offers a solution that ensures complete financial transparency and accountability with standardized financial reporting and integrated transaction processing. With real time insights into spending these agencies can make better business decisions and be more effective in their service provision. The software is also designed to meet all government standards & audit requirements in a secure environment, which is subject to strict audits to ensure the prevention of any fraudulent practices.
Finally as the product is a cloud based solution it is flexible to meet an organization’s growth requirements but scalable in terms of controlling the investment an organization makes in line with their level of utilization and requirements. In this way GCE Financial Accounting is best for those organizations and entities looking for cost effective solutions without the need for technology investment or management.
Customers include the U.S. Department of Labour and the U.S. Equal Employment Opportunity Commission.
Main features and functionalities
GCE Accounting provides a comprehensive financial accounting solution that enhances a company’s business operations. The software has inbuilt financial controls and streamlined workflows to ensure better financial management and performance for the organization.The product includes modules for General Ledger, Accounts Payables & Receivables, Purchasing, Budgeting and Cash Reconciliation. Resource and Labour Cost management are included, as well as an integrated time & attendance system with payroll for effective workforce management. There is also support for asset management from acquisition to disposal for productive use of internal fixed assets.
Finally there are a suite of enterprise reports and analytics to analyze and visualize data in real time to get valuable insights for business decisions. This includes a comprehensive list of financial statements as well as audit support to provide accurate financial reports for internal and external business managers.
Additionally GCE Financial Accounting is cloud-based and delivered as a service so this means it can be rapidly deployed but still offers robust security, unlimited access and high reliability. GCE takes on the full responsibility of migrating an organization’s legacy data into the cloud solution and provides a dedicated support team both during implementation and subsequently to support operations.
What is the actual cost?
ITQlick pricing score is 3.2 out of 10 (10 is most expensive). Access ITQlick pricing guide for GCE Financial Accounting.Pros
- GCE Financial Accounting is offered as a cloud based solution which reduces investment and avoids the need for technology management and support
- The product is cross industry and scalable for any business size as well as government agencies
- GCE Financial Accounting supports Time & Attendance and Payroll functionality in its software suite
- The cloud solution is designed to offer 99.99% uptime with primary redundancy and secondary fail-over to ensure high reliability for customers
- Legacy data migration and solution implementation are streamlined to ensure customers can start using the application as quickly as possible
Cons
- GCE Financial Accounting does not offer a free trial of its product
- There is no option for user driven customization in the product
- GCE Financial Accounting does not support mobile device access for its application
- There is no support for third party software integration in GCE Financial Accounting
- The solution does not offer any social collaboration tools
How it stacks up?
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Frequently Asked Questions (FAQs)
List of categories
Accounting & Finance
Billing & Invoicing
Accounting Practice Management
Medical Accounting
List of features
Accounts Payable
Accounts Receivable
Budgeting & Forecasting
Cash Flow
Time & Expense
Auditor - Shlomi Lavi
Shlomi Lavi is an entrepreneur and founder of ITQlick.com. He holds a Bachelor of Science (B.Sc.) in Information Systems Engineering from Ben Gurion University in Israel. Shlomi brings 17 years of global IT and IS management experience as a consultant and implementation expert for small, medium and large-sized (global) companies. Shlomi’s goal is to share the best knowledge and news about information systems so you can make smarter buying decisions for your business.