AccountsIQ

Automates repetitive tasks like VAT calculations, payroll, and invoice generation, enhancing efficiency.

User-friendly interface that is intuitive and easy to navigate, even for non-technical users.

Strong consolidation features for group companies, including multi-tier consolidations and intercompany postings.

Excellent reporting capabilities, with features like Excel integration and multi-dimensional analysis using BI codes.

Simplifies bank reconciliation with automated transaction pulls and accurate cash tracking.

Provides helpful customer support during onboarding and ongoing usage.

Offers functionality for quick updates, such as editing journals while maintaining an audit trail.

Integration with external data sources and tools like PowerBI expands analytical capabilities.

Reduces manual errors in financial operations through automation and templates for recurring processes.

Streamlines processes like accounts payable and purchase order approvals within a single platform.

Implementation and onboarding require training, which can be time-consuming for new users.

Some features, like bank reconciliation and report functions, occasionally experience glitches.

Limited customization of certain features, like invoice layouts, prepayment modules, and report parameters.

The system lacks robust Marketplace options for third-party apps and integrations.

Complex workflows, like intercompany reporting or age analysis by period, lack flexibility and are not entirely intuitive.

Templates and file uploads from Excel can be tricky and only accept specific formats.

Certain processes, like invoice uploads and creating payment batches, involve too many steps and could be simplified.

Advanced features, such as control account postings and BI dimension tagging, can be clunky or time-consuming.

Reporting across entities within the same group has limitations and lacks a consolidated view of journals.

Users frequently raise tickets for tasks that could potentially be self-managed, indicating areas for improved user autonomy.