Oracle EBS Financials vs AccountsIQ Comparison

82% SW Score The SW Score ranks the products within a particular category on a variety of parameters, to provide a definite ranking system. Read more

Oracle EBS Financials

Accounting Software

3.9 2,701 user ratings

Get Free Advice

86% SW Score The SW Score ranks the products within a particular category on a variety of parameters, to provide a definite ranking system. Read more

AccountsIQ

Accounting Software

4.6 60 user ratings

Get Free Advice

Overview

Description	Oracle E-Business Suite Financials aims at increasing efficiency of your business and reducing the back-office costs. The centralized architecture for accounting, taxes, payments, and banks allows the business to increase ‘Shared Services Efficiency’. The E-Business suite also helps in saving crucial time during decision making by providing seamless integration with business intelligence and offering market-leading planning and consolidation solutions. The software also ensures to manage enterprise risk and reduce compliance costs with end-to-end processes for governance, risk, and compliance. Read more	Accounting transaction collection, processing, and reporting are made easier using AccountsIQ. They specialize in assisting multi-entity and developing firms who want to automate their procedures and reporting. AccountsIQ collaborates with over a hundred nonprofits, most of which have more complicated accounting and reporting requirements. AccountsIQ is a cloud accounting software that makes financial data collection, processing, and reporting a breeze. It has simple tools for automating consolidation, budgeting, auditing, filing digital VAT forms, and managing cash flow. It is built primarily for commercial contexts where several entities require access to a single platform and is appropriate for small to medium-sized businesses in all industries. AccountsIQ allows for extensive and granular reporting and performance benchmarking throughout a group network thanks to its customizable 3-tier General Ledger and 6-dimension BI coding structure. There are 250 reports, management reporting packs, and dashboards included, as well as an Excel Add-In and a Power BI link for customized analysis. Their cloud-based smart accounting software was created on the cloud. It allows you to automate a variety of financial operations, work more effectively with your team, and complete month-end tasks faster. Read more
Pricing Options	Free Trial Not Available Offers Custom plan.	Free Trial Not Available Offers Custom plan.
SW Score & Breakdown	82% SW Score The SW Score ranks the products within a particular category on a variety of parameters, to provide a definite ranking system. Read more Features The Feature Score % is calculated using the weighted average method, where core features hold more weight in the final calculation. Read more 90% Reviews 83% Momentum 60% Popularity 62%	86% SW Score The SW Score ranks the products within a particular category on a variety of parameters, to provide a definite ranking system. Read more Features The Feature Score % is calculated using the weighted average method, where core features hold more weight in the final calculation. Read more 93% Reviews 71% Momentum 62% Popularity 79%
SaaSworthy Awards	# 19 Highly Rated	Not Available

Features

Total Features	12 Features	14 Features
Common Features for All	Accounts Payable Handling the money owed by a business to its suppliers. Accounts Receivable Handling the money the client owes to the company. Bank Reconciliation Matching the balances of an entity's accounting records with the corresponding information on a bank statement. Billing and Invoicing This feature helps in issuing and handling the invoice and bills. CPA Firms Offers collaboration with a professional expert for financial and consulting services. Cash Management Collection and management of cash. Collections Recovery of cash from a business or individual. Expense Tracking Keep a count of your day to day expenses as well as allows you to quickly identify where the expense report is in the approval process. Fixed Asset Management Helps in tracking fixed assets for the purposes of financial accounting, preventive maintenance, and theft deterrence. General Ledger Maintaining and recording all the accounting related transactions. Payroll Handling the salary payable to the employees Project Accounting Creation of financial reports specifically designed to track the financial progress of projects Purchasing Acquiring goods or services required for the business at minimal cost Revenue Recognition Determining the specific conditions under which revenue is recognized or accounted for Spend Management Managing the expenditure of a business in order to build its product or services + 9 More - Show Less	Accounts Payable Handling the money owed by a business to its suppliers. Accounts Receivable Handling the money the client owes to the company. Bank Reconciliation Matching the balances of an entity's accounting records with the corresponding information on a bank statement. Billing and Invoicing This feature helps in issuing and handling the invoice and bills. CPA Firms Offers collaboration with a professional expert for financial and consulting services. Cash Management Collection and management of cash. Collections Recovery of cash from a business or individual. Expense Tracking Keep a count of your day to day expenses as well as allows you to quickly identify where the expense report is in the approval process. Fixed Asset Management Helps in tracking fixed assets for the purposes of financial accounting, preventive maintenance, and theft deterrence. General Ledger Maintaining and recording all the accounting related transactions. Payroll Handling the salary payable to the employees Project Accounting Creation of financial reports specifically designed to track the financial progress of projects Purchasing Acquiring goods or services required for the business at minimal cost Revenue Recognition Determining the specific conditions under which revenue is recognized or accounted for Spend Management Managing the expenditure of a business in order to build its product or services + 11 More - Show Less

Technical Details

Organization Types Supported	Large Enterprises Medium Business Small Business	Large Enterprises Medium Business Small Business
Platforms Supported	SaaS/Web/Cloud Installed - Windows	SaaS/Web/Cloud Installed - Windows
Modes of Support	Business Hours Online	Business Hours Online
API Support	NA	Available

Reviews & Ratings

User Rating	3.9/5 2,701 user ratings	4.6/5 60 user ratings
Rating Distribution	Excellent 17% Very Good 57.1% Average 21.5% Poor 3.1% Terrible 1.3%	Excellent 65% Very Good 28.3% Average 6.7% Poor 0% Terrible 0%
User Sentiments	Robust Financial Modules, Comprehensive Financial Reporting, Easy to Use Interface, Extensive Integrations Outdated User Interface, Slow Performance, Complex Implementation, Costly Licensing	User-Friendly Interface, Comprehensive Reporting Functionality, Efficient Bank Reconciliation, Seamless Integrations with other platforms Occasional Software Glitches, Limited Customization Options for Invoices and Statements, Complexities with Intercompany Transactions, Lack of Specific Features (e.g., CIS Module, Bulk Invoicing)
Review Summary	Oracle EBS Financials is a robust enterprise resource planning (ERP) solution that users praise for its comprehensive functionality, strong integration capabilities, and ability to handle large amounts of data. While users like its ease of use and strong reporting features, they often point to concerns about the outdated user interface, slow performance, and sometimes unreliable technical support. Additionally, the cost of Oracle EBS Financials can be a barrier for some companies.	Accounts IQ is a popular accounting software praised for its user-friendly interface and strong reporting capabilities, particularly for multi-entity consolidation. Users appreciate its ease of navigation, quick data entry, and automated tasks like VAT calculations and payslip generation. However, some find the implementation challenging and require training. Concerns also arise regarding the price point compared to traditional systems, occasional glitches, and limited customization options. Despite these drawbacks, Accounts IQ is widely considered a valuable tool for streamlining financial processes and providing insightful reports.
	Read All User Reviews	Read All User Reviews

AI-Generated from the text of User Reviews

Pricing

Pricing Options	Free Trial Not Available Offers Custom plan.	Free Trial Not Available Offers Custom plan.
Pricing Plans Monthly Plans Annual Plans	Oracle Financial Management Custom	Essentials (AIQ1) Others Growth (AIQ2) Others Enterprise (AIQ3) Custom
	View Detailed Pricing	View Detailed Pricing

Alternatives

	Oracle Financials Cloud 4.1 219 ratings Oracle EBS Financials Vs Oracle Financials Cloud e-BizSoft AccountingSuite 4.4 98 ratings Oracle EBS Financials Vs AccountingSuite Odoo Accounting 3.9 380 ratings Oracle EBS Financials Vs Odoo Accounting EalSuite	Xero 4.2 7,623 ratings AccountsIQ Vs Xero AccountingSuite 4.4 98 ratings AccountsIQ Vs AccountingSuite NetSuite 4.2 238 ratings AccountsIQ Vs NetSuite QuickFile 4.8 2,696 ratings AccountsIQ Vs QuickFile Sage Intacct 4.3 4,517 ratings
	View All Oracle EBS Financials Alternatives	View All AccountsIQ Alternatives