Prismatic announced Monday, July 24th that it had created the world’s most user friendly and flexible General Ledger. They stated that it is particularly strong for multi-entity organizations who found that consolidations and reporting were nightmares on solutions like Quickbooks, Xero and Excel. The suite of SaaS tools includes General Ledger, Dashboards and Reporting, Accounts Payable, Accounts Receivable, Banking, Audit Trails, Controls and more. The founder of the company Dean Palmiter explains that, “Companies today expect more from their accounting software/ERP and current options are expensive, difficult to implement and maintain, lack fundamental functionality and are mostly outdated.” One key difference with Prismatic from an ERP system is that it can be implemented in less than a day. The platform integrates easily with all other open SaaS applications like Slack, Salesforce, ADP, Bill.com, Expensify, etc. Most importantly, companies can benefit from instant visibility, automation and controls.
Best of breed general ledger and financial reporting platform for companies looking to gain visibility across all entities and classes, implement controls and automate manual accounting processes. Prismatic is the most modern accounting software specialized for firms who have reached the limitations of Quickbooks or equivalent, but want to avoid the lengthy and risky implementation, customization, training and maintenance required of a generic ERP system.