e-conomic Reviews & Pricing

by Visma e-conomic | Founded 2001, Copenhagen, Denmark

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What is e-conomic?

Industry Specialties: Software & IT, Agency, NGO & Research, Wholesale, Manufacturing, E-commerce, Retail.

e-conomic is a robust accounting software designed to streamline financial management tasks for small to medium-sized businesses. It excels in automating accounting processes, offering features like invoicing, expense tracking, and financial reporting. This software is particularly beneficial for industries such as retail, consulting, and service-based businesses due to its user-friendly interface and comprehensive functionality. Users appreciate its cloud-based accessibility, allowing for real-time collaboration and data sharing. Unique benefits include seamless integration with various third-party applications and customizable dashboards that enhance productivity. Compared to similar products, e-conomic is praised for its intuitive design and efficient customer support. Pricing details are not explicitly available, so it's advisable to contact SelectHub for a tailored quote. Overall, e-conomic stands out for its ability to simplify complex accounting tasks, making it a valuable tool for businesses seeking to optimize their financial operations.

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#102

e-conomic is ranked #102 in the Accounting Software product directory based on the latest available data collected by SelectHub. Compare the leaders with our In-Depth Report.

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e-conomic Pricing

Based on our most recent analysis, e-conomic pricing starts at $33 (Monthly).

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Starting From: $33
Pricing Model: Monthly
Free Trial: Yes, Request for Free

Training Resources

e-conomic is supported with the following types of training:

Documentation
In Person
Live Online
Videos
Webinars

Support

The following support services are available for e-conomic:

Email
Phone
Chat
FAQ
Forum
Help Desk
Knowledge Base
Tickets
Training
24/7 Live Support

e-conomic Benefits and Insights

Why use e-conomic?

Key differentiators & advantages of e-conomic

Time Efficiency: Automate repetitive accounting tasks, such as invoicing and bank reconciliation, freeing up valuable time for strategic decision-making.
Real-Time Financial Insights: Access up-to-date financial data and reports, enabling informed business decisions and proactive financial management.
Scalability: Easily adapt to business growth with scalable features that accommodate increasing transaction volumes and complex accounting needs.
Collaboration: Facilitate seamless collaboration between accountants, bookkeepers, and business owners through shared access to financial data.
Cost Savings: Reduce overhead costs associated with manual accounting processes and minimize errors that could lead to financial discrepancies.
Compliance Assurance: Stay compliant with local and international accounting standards and regulations, reducing the risk of legal issues.
Data Security: Benefit from robust security measures that protect sensitive financial information from unauthorized access and data breaches.
Customizable Reporting: Generate tailored financial reports that meet specific business needs, providing clarity and insight into financial performance.
Integration Capabilities: Connect seamlessly with other business tools and applications, streamlining workflows and enhancing productivity.
User-Friendly Interface: Navigate the software with ease, thanks to an intuitive design that reduces the learning curve for new users.
Remote Accessibility: Access your accounting data from anywhere with an internet connection, supporting flexible work arrangements and remote teams.
Cash Flow Management: Monitor and manage cash flow effectively, ensuring sufficient liquidity for operational needs and growth opportunities.
Customer Support: Receive expert assistance and guidance from a dedicated support team, ensuring smooth operation and troubleshooting when needed.
Environmental Impact: Reduce paper usage and contribute to sustainability efforts by digitizing accounting processes and documentation.
Decision Support: Leverage analytical tools and insights to support strategic planning and enhance business performance.

Industry Expertise

Visma e-conomic is a popular accounting software that is best suited for small and medium-sized businesses, as well as accountants and bookkeepers. It is known for its user-friendly interface and its ability to be adapted to the specific needs of different businesses.

e-conomic Reviews

Based on our most recent analysis, e-conomic reviews indicate a 'fair' User Satisfaction Rating of 60% based on 1 user reviews from 1 recognized software review sites.

1 reviews

60%

of users would recommend this product

Synopsis of User Ratings and Reviews

Based on an aggregate of e-conomic reviews taken from the sources above, the following pros & cons have been curated by a SelectHub Market Analyst.

Pros

Intuitive Interface: User reviews frequently mention that the software is easy to navigate and understand, even for users without extensive accounting experience.
Comprehensive Features: E-conomic offers a wide range of accounting functionalities, covering core requirements such as invoicing, bank reconciliation, and VAT reporting, eliminating the need for multiple software solutions.
Automation Capabilities: Features like automatic invoice reading and attachment matching streamline accounting tasks, saving time and reducing manual effort for increased efficiency.

Cons

Interface Complexity: User reviews highlight that e-conomic's interface, while generally well-regarded, can become difficult to navigate when dealing with more complex accounting tasks.
Steep Learning Curve: The software may not be suitable for users without a reasonable understanding of accounting principles, potentially limiting its appeal to smaller businesses or those without dedicated accounting staff.
Integration Challenges: Although e-conomic boasts numerous integrations, setting them up effectively might require a level of technical proficiency that not all users possess.
Limited Mobile Functionality: While the desktop version is considered robust, user feedback suggests that the mobile app could benefit from additional features and functionalities.

Researcher's Summary:

Is e-conomic really economical with the truth when it comes to user experience? User reviews from the past year paint a somewhat ambivalent picture of this cloud-based accounting software. While e-conomic is generally lauded for its user-friendly interface and comprehensive suite of features, including electronic invoicing and bank reconciliation, some users find that certain aspects, such as VAT reporting, necessitate a considerable amount of accounting knowledge, potentially posing a challenge for newcomers. This is akin to having a car with all the bells and whistles but needing a mechanic's certification to change a tire.

A key differentiator for e-conomic is its robust automation tools, such as automatic invoice reading and attachment matching, which streamline tedious accounting tasks. However, the software's integration setup can be a bit of a head-scratcher, often requiring technical expertise. Furthermore, while e-conomic is praised for its cloud-based efficiency and secure data access, some users find the interface clunky, especially for more complex tasks, like navigating a labyrinthine library.

In essence, e-conomic appears best suited for businesses with some existing accounting infrastructure and technical know-how, much like a seasoned chef who can fully utilize a professional-grade kitchen. Smaller businesses or those lacking technical expertise might find the learning curve a tad steep.

Key Features

Notable e-conomic features include:

Invoicing: Create and send professional invoices with customizable templates, ensuring brand consistency and clarity.
Bank Reconciliation: Automatically match transactions with bank statements, reducing manual entry and errors.
Expense Management: Track and categorize expenses efficiently, allowing for better financial oversight and control.
Multi-Currency Support: Handle transactions in various currencies, ideal for businesses operating internationally.
Project Management: Monitor project budgets and timelines, integrating financial data for comprehensive project oversight.
Reporting: Generate detailed financial reports, including balance sheets and profit & loss statements, for informed decision-making.
VAT Management: Automate VAT calculations and submissions, ensuring compliance with local tax regulations.
Mobile Access: Access your accounting data on-the-go with a mobile-friendly interface, enhancing flexibility and responsiveness.
Integration Capabilities: Seamlessly connect with other business tools like CRM and e-commerce platforms to streamline operations.
User Permissions: Set specific access levels for different users, maintaining data security and integrity.
Customer Support: Access a dedicated support team and comprehensive online resources for troubleshooting and guidance.
Time Tracking: Record billable hours directly within the platform, simplifying invoicing for service-based businesses.
Inventory Management: Keep track of stock levels and manage orders, ensuring efficient supply chain operations.
Recurring Invoices: Automate the billing process for regular clients, saving time and reducing administrative workload.
Dashboard Overview: Gain insights into key financial metrics with a customizable dashboard, providing a snapshot of business health.