As your business expands and you manage multiple entities, the complexity of financial management increases. Multi-entity accounting software requires sophisticated solutions that can consolidate financial data, handle intercompany transactions, and offer real-time reporting across different business divisions or subsidiaries. In this comparison, we explore how Intuit Enterprise Suite and Gravity Software handle these challenges to help you decide which solution best fits your growing business needs.
is a better fit for
multi-entity accounting
Why Gravity Software
is a better fit for
multi-entity accounting
Gravity Software was designed to handle the complexity of multi-entity accounting from the start. Its unified database, automation, and real-time reporting capabilities provide an efficient, scalable solution for businesses with multiple entities.
Key advantages of Gravity Software:
- Seamless data management: Manage all entities in one system, with automated intercompany transactions and consolidated reporting, reducing manual effort.
- Real-time insights: With native integration to Power BI, Gravity Software delivers real-time reporting and visualizations for better decision-making.
- Scalability: Gravity can easily scale to handle hundreds of entities, making it a future-proof solution for growing businesses.
- Cloud-native: As a fully cloud-based platform, Gravity allows your team to work from anywhere, improving flexibility and efficiency.
Watch the 7-minute highlight video of Gravity Software
Curious about how Gravity Software can elevate your multi-entity accounting processes? Watch our quick 7-minute highlight video to discover how Gravity can transform your accounting operations, simplify workflows, and provide real-time insights.
If you like what you see, schedule an online demo today to explore full features and see how Gravity Software can help streamline your business operations.
Customer success story: Onefire Holding Co.
Onefire Holding Co. Increases Efficiency by 50%
Onefire Holding Co. faced challenges with QuickBooks Enterprise as it struggled to manage 17 entities across different applications that could not communicate with each other. The company had to deal with separate company files, slow processes, and manual workflows, leading to inefficiency and frustration among staff. Additionally, QBE’s lack of cloud-based access prevented remote work, and reporting was cumbersome.
After switching to Gravity Software, Onefire experienced a dramatic improvement. By centralizing their financial operations into one platform, they increased accounting efficiency by 50%. Reports that used to take weeks were now generated in days. They also gained the ability to work remotely, which significantly improved work-life balance.
Testimonial:
"Gravity Software has been a lifesaver for me. It’s so much easier, so much better, and so much more efficient. The training was comprehensive, and now I can get the monthly reports done in a fraction of the time."
— Robert Everman, Chief Operating Officer, Onefire Holding Co.
Why choose Gravity Software?
Gravity Software provides a comprehensive solution for businesses managing multiple entities, offering three standout features that make it the ideal choice for companies evaluating both Intuit Enterprise Suite (IES) and Gravity Software.
When comparing the two, Gravity Software shines in key areas that can drive greater efficiency, scalability, and ease of use for your business:
True intercompany billing
Gravity Software simplifies the process of managing intercompany billing and transactions across multiple entities. With our native intercompany billing functionality, businesses can seamlessly handle transactions between entities, ensuring accurate allocations, eliminating manual entries, and maintaining compliance. This feature automatically handles Do To and Due From entries, ensuring that financial transactions are accurately recorded and reconciled across entities in real-time. This reduces the time spent on intercompany transaction management and improves financial visibility.
Seamless integrations with popular business tools
Gravity Software integrates with a wide range of business applications, including CRMs, accounting tools, and email systems like Gmail. This ensures streamlined operations and makes it easier to keep all your business tools working together efficiently.
Powerful automation
With AI-powered automation, Gravity Software simplifies tasks like intercompany transactions, financial consolidations, and reporting. This reduces manual work, allowing your team to focus more on strategy and decision-making.
Consolidated financial reports
Gravity Software offers automated consolidated financial reports across all entities, reducing the manual effort required for financial consolidation. Unlike IES, which can automate the process of consolidating financial data from various entities, Gravity Software goes a step further by providing real-time, accurate financial insights and the ability to consolidate operational reports as well. IES requires third-party tools or manual methods for consolidating operational reports, which can introduce errors and inefficiencies.
Gravity's real-time consolidation capabilities streamline operations and ensure that businesses have a unified view of both financial and operational performance, providing enhanced visibility for decision-making.
Explore more resources for accounting software across multiple businesses
To help you make an informed decision, we’ve compiled a list of valuable resources that dive deeper into how Gravity Software can improve your multi-entity accounting processes. Whether you're looking to understand how we compare to Intuit Enterprise Suite, see a real-world success story, or explore our product features, these resources provide the insights you need to take the next step.
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Frequently
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We understand that choosing the right multi-entity accounting software is a crucial decision for your business. To help you make an informed choice, we’ve compiled answers to some of the most common questions about Gravity Software and Intuit Enterprise Suite (IES). Whether you're exploring features, pricing, or how our solution fits with your business needs, these FAQs will provide clarity and guide you through the decision-making process. If you have further questions or are ready to see Gravity Software in action, feel free to schedule a demo today!
What is Intuit Enterprise Suite (IES) and who is it designed for?
Intuit Enterprise Suite (IES) is an integrated cloud-based accounting solution designed to help growing businesses manage multi-entity operations, streamline reporting, and automate processes. It is intended for businesses transitioning from small to medium-sized operations to more complex structures. However, due to its complexity and pricing, IES may be more suitable for larger businesses than SMBs.
How does Gravity Software compare to Intuit Enterprise Suite (IES) for multi-entity accounting?
Gravity Software offers a more scalable and user-friendly solution for multi-entity accounting compared to IES. While IES provides basic automation and multi-entity management, it still requires some manual tasks. Gravity Software, on the other hand, automates these tasks with built-in features, including seamless intercompany billing, real-time consolidated reporting, and deep Microsoft Power BI integration.
What are the key limitations of Intuit Enterprise Suite for multi-entity accounting?
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Intercompany transactions: IES does not fully automate intercompany transactions, often requiring manual entries.
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Consolidated reporting: While IES offers multi-entity reporting, it lacks the ability to consolidate operational reports, often requiring third-party tools or manual methods.
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Customizations: IES offers limited customization options for workflows and forms, restricting businesses from capturing and processing industry-specific data.
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Complexity: The extensive features and learning curve of IES may be overwhelming for smaller businesses or those with limited resources.
What features does Gravity Software provide that IES does not?
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Seamless Data Management: Gravity Software integrates all entities into one system with automated intercompany transactions, eliminating the need for third-party tools.
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Real-Time Insights: With native integration to Power BI, Gravity Software offers real-time reporting, visualizations, and performance tracking, which IES lacks in full capacity.
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Open API & Integrations: Gravity Software has an open API, allowing for flexible, future-proof integrations with Microsoft 365 tools and other business applications.
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Cloud-Native Flexibility: Unlike IES, which may require third-party hosting, Gravity Software is fully cloud-based, making it accessible from anywhere without additional setup.
Is Intuit Enterprise Suite worth the price for small and medium-sized businesses (SMBs)?
IES can be a significant investment, with pricing starting at $7,000 annually and increasing for multi-entity organizations. While it offers advanced features, the complexity and high cost may make it unsuitable for SMBs that don’t need such comprehensive capabilities. Many SMBs find the pricing of IES higher than what they require, especially when compared to alternatives like Gravity Software.
How does Gravity Software simplify multi-entity accounting for businesses?
Gravity Software simplifies multi-entity accounting by automating intercompany transactions, consolidating financial and operational reports in real-time, and providing easy-to-use dashboards powered by Microsoft Power BI. These features streamline processes, reduce manual work, and enhance visibility across all entities, making it an ideal solution for growing businesses.
How does Gravity Software ensure scalability as my business grows?
Gravity Software is built on the Microsoft Power Platform, which allows it to scale effortlessly to manage hundreds of entities without compromising performance. Its cloud-native design ensures that businesses can grow without worrying about data management issues, while its seamless integrations ensure it can adapt to new tools and technologies as your business evolves.
Can I integrate Gravity Software with my existing business tools?
Yes! Gravity Software integrates seamlessly with popular business tools, including Microsoft 365 apps (Excel, Teams, etc.), CRM systems, and accounting tools. Additionally, it includes an open API for custom integrations, ensuring that your software ecosystem remains flexible and connected as your business grows.
How do I get started with Gravity Software?
To see how Gravity Software can streamline your multi-entity accounting processes, schedule an online demo today. Our team will walk you through the platform’s features, provide personalized insights into how it fits your business needs, and answer any questions you may have.
Everything you need to grow, nothing to hold you back
Get a firsthand look at how Gravity Software can simplify your multi-entity accounting. Schedule a demo today and see how we can transform your accounting processes.
