SoftLedger

SoftLedger provides a cloud-based accounting software designed for businesses with multiple entities and complex financial operations. The company was founded in 2016 by CEO Ben Taylor and CTO Geoff Ostrega. The founders identified a market need while observing finance teams at rapidly scaling companies struggling with disconnected systems and manual consolidations. Taylor, a CPA with a background at Ernst & Young and Fannie Mae, experienced firsthand the frustrations of inefficient month-end closing processes, which motivated the creation of a more streamlined solution.

The firm primarily targets mid-market companies, serving CFOs, controllers, and finance teams within organizations that manage multiple subsidiaries or divisions. Its client base spans across various industries, including crypto, real estate, healthcare, and CPA firms. The business operates on a subscription-based model, with pricing starting at $750 per month, offering plans that scale with a company's growth. Revenue is generated through these subscription fees for access to its accounting platform.

SoftLedger's core product is a comprehensive accounting suite that includes modules for general ledger, accounts payable, accounts receivable, cash management, and financial reporting. A key differentiator is its real-time, multi-entity consolidation capability, which allows for the immediate roll-up of financial data across different geographies and currencies. The platform is built with an API-first approach, meaning any function available in the user interface can be controlled programmatically, allowing for deep integration with other business systems. Notably, SoftLedger offers built-in support for cryptocurrency and digital asset accounting, a feature not commonly found in traditional accounting software. Additional features include inventory management, Sarbanes-Oxley (SOX) compliance tools, user role and access management, and the ability to generate custom financial reports.

Keywords: multi-entity accounting, cloud accounting software, financial consolidation, accounting API, cryptocurrency accounting, general ledger, accounts payable automation, accounts receivable automation, real-time financial reporting, cash flow management, inventory management, subscription billing, financial software, FinTech, SaaS, CPA firms, real estate accounting, digital asset management, SOX compliance, enterprise accounting