Why Xledger is the Best Finance Software for the Mid-Market

Native 

Built-in features incur no additional expense for essential accounting modules, including budgeting and forecasting, project accounting, timesheets, and expenses, as well as dozens of other comprehensive modules. Our software connects to your bank using Open Banking, ensuring seamless bank reconciliation and data transfer on one screen. 

Some of our other native integrations include: 

• Pleo: Specialises in smart company credit cards for full visibility over company spending. 
• Tessitura: Unifies ticket management and customer relationship management for streamlined financial data management.  
• Salesforce: Supports customer relationship management and sales growth through automation and analytics. 

Custom 

Our in-house integration consultants build integrations that don’t exist on the market, and support organisations by maintaining these new integrations. Click here to read about our most recent custom-built integration with Tessitura. 

Self-serve 

Lastly, Xledger is supported by Zapier, an industry-leading technology partner that facilitates no-code integrations. Our in-house experts work with customers to scope requirements, guide implementation, and provide technical support that delivers efficient, effective, and valuable connections. 

Ultimately, manual data entry is time-consuming and demanding. As a result, organisations are left with burnt-out finance teams and delayed, error-prone data.  

Xledger fixes these problems. Among the most automated accounting software on the market, the software creates efficient finance functions by streamlining dozens of workflows, including: 

• Accounts payable and receivable 
• Full invoicing and billing lifecycles 
• Expenses & timesheets 
• Bank reconciliation 
• General ledger 
• Group consolidation 
• And many more. 

By investing in highly automated finance software, our customers streamline key accounting processes, creating room for more meaningful data analysis and agile reporting capabilities.  

Real-time insights 

Not only does Xledger provide greater insights into the numbers in your organisation’s bank accounts or savings accounts, but it also offers complete financial oversight across departments, cost centres, projects, and individuals. 

Our software empowers customers to become self-sufficient through self-serve dashboards tailored to their role. These can be configured with pre-defined information blocks, like donuts, Pareto charts, and tables, or more module-centric layouts that show key data, such as cash flow. 

Group accounting 

Many of our customers have a wide reach, with entities spanning across borders and currencies, and benefit from Xledger’s specifically designed multi-entity software. Xledger consolidates the financial records of an organisation to ensure the parent company maintains visibility into individual entities and the company as a whole.  

Our customers also ensure their intercompany business accounts remain balanced, regardless of the complexity or volume of their cross-entity transactions. 

Customers can set up rules at the group level that filter down to the whole structure. For example, the group’s finance function can set an authorisation rule limit across the whole structure to ensure the proper recording and approval of financial transactions. As a new entity is established, this rule is immediately applied, streamlining maintenance and system configuration. 

Our software caters to businesses that need to: 

• Generate consolidated financial reports 
• Ensure financial accuracy across all entities 
• Achieve complete compliance across all entities 
• Customise consolidated dashboards to suit all entity needs 
• Access all entities or enterprise levels with a single login 

With an on-the-go finance app, end-users can easily log expenses and claim mileage in the moment, rather than rushing to log multiple expenses at month-end. Likewise, budget holders can easily access their accounts while on business trips to see where they are spending money, empowering them to control costs and allocate spending appropriately. 

Compliance and security 

Compliance and security are arguably the most important features of any software: this is why Xledger places the utmost importance on up-to-date, compliant reporting and secure data storage for our customers. 

Our customers can manage their finances knowing our software provides full, traceable audit trails and is ISO 27001 and Cyber Essentials certified. 

Taking the right step towards success

Choosing the best finance software for mid-market companies is a lengthy process, and digital transformation teams are wise to conduct exhaustive research with all their shortlisted vendors. As a mid-market finance software, Xledger caters to a wide range of businesses across not-for-profit and commercial sectors.  

Book your free demo to learn how we can support your organisation’s current and future ambitions.