Exact

A detailed review of Exact's accounting, ERP, and expense management software with pricing, comparisons to competitors, and FAQs.

Updated on August 19th, 2022

The SMB Guide is reader-supported. When you buy through links on our site, we may earn an affiliate commission. Learn more

Exact is cloud-based business software with various financial solutions, including expense management, on offer. Aimed at streamlining accounting, payroll, and company spending processes, the platform caters to more than 550,000 organizations worldwide.

Also Consider

Zoho Expense

Start a Free Trial

Free plan for up to 3 users

Expense automation and customization

Robust integrations

At-a-Glance:

Feature

Exact

Starting price

From €3.00 /user /mo.

Free trial

Real-time expense tracking

Pre-trip approvals

Corporate cards

x

Reconciliations

Foreign VAT returns

Mileage tracking

Additional HR and ERP tools

Live chat support

x

Review:

Exact provides businesses of all sizes with robust expense management, ERP, accounting, and other HR solutions to effectively automate and manage various financial tasks. The software's standout features include invoicing, expense tracking, time management, payroll reports, and project management.

The platform's main products, including accounting and expense management, can be purchased either as a bundle or as a standalone product, affording users greater variety and affordability.

Pros:

  • A large network of global businesses, including Airbus, GrandVision, and Apollo, have found success using Exact's software.
  • The platform offers robust accounting solutions, such as invoicing, electronic billing, and client management.
  • Exact SRXP allows users to efficiently process and manage company allowances and expenses.
  • The platform features international VAT refunds and multicurrency support.
  • The payroll service includes standard payroll reports, expense allowance regulation, and leave management.
  • Users can manage purchase workflows to improve compliance and ensure accounts are settled quickly and easily.
  • Companies can create and approve invoices, access financial insights, and process payroll with the Exact mobile app.
  • Other tools include project management, time tracking, debtor management, and wholesale distribution services.
  • Exact offers 24/7 customer support, onboarding assistance, and consultancy services.

Cons:

  • Exact does not offer a free plan.
  • Certain products don't include a free 30-day trial.
  • There is no live chat support.

Reputation:

On Trustpilot, Exact has a 3.3-star rating based on more than 140 reviews. While around 29% of users rated the software as "Excellent," more than 53% of reviewers gave the platform a rating of "Bad" and noted its lackluster ERP software.

On G2, Exact's ERP platform, Exact Globe, has a 4.2-star rating based on more than a dozen reviews. Many users were satisfied with its custom module-building tool and robust financial reports, while some reviewers mentioned experiencing technical issues with the website.

Exact's mobile app has a 4-star rating based on over 1,000 reviews on Google Play, as well as a 3.8-star rating based on nearly a dozen reviews on the App Store. On both platforms, users noted both its intuitive design and frequent technical glitches.

Exact SRXP Pricing:

Plan

Monthly Pricing

Exact SRXP Premium

€3.00 +VAT /user.

Exact SRXP Enterprise

€5.00 +VAT /user.

Exact SRXP Corporate

€8.00 +VAT /declaration form.

Debtor Management

+€29.00 +VAT

No-hands Accounting

+€0.45 +VAT /entry proposal.

Payroll

+€2.90 +VAT /payslip.

Subscription Management

+€44.00 +VAT

Exact for Accounting Pricing:

Plan

Monthly Pricing

Essentials

€39.00 +VAT

Plus

€75.00 +VAT

Professional

€111.00 +VAT

Exact for Accountancy Pricing:

Plan

Monthly Pricing

Essentials

€39.00 +VAT

Plus

€85.00 +VAT

Professional

€205.00 +VAT

Additional Users

+€10.00 /user.

Client Administrations - Standard

From €5.75 +VAT /administration.

No-hands Accounting

From €9.00 +VAT /administration.

No-hands Accounting - Unlimited

From €16.00 +VAT /administration.

Time & Billing

+€79.00 +VAT

CRM

+€89.00 +VAT

Exact for Payroll Pricing:

Plan

Monthly Pricing

Payroll for Exact Online Accountancy

From €1.00 +VAT

Payroll for Exact Online

€2.90 +VAT /payslip.

HR & Payroll for Exact Globe & Synergy

Contact for quote.

Exact for Project Management Pricing:

Plan

Monthly Pricing

Project Management

€265.00 +VAT

Project & Contract Management

€359.00 +VAT

Ultimate Project Management

Contact for quote.

Additional Accounts

From €18.00 +VAT /account.

Additional Full User

€23.00 +VAT /user.

Additional Time Report Users

€8.00 +VAT /user.

Debtor Management

+€29.00 +VAT

No-hands Accounting

+€0.45 +VAT /entry proposal.

Exact for Manufacturing Pricing:

Plan

Monthly Pricing

Essentials

€359.00 +VAT

Plus

€475.00 +VAT

Professional

€599.00 +VAT

Ultimate

Contact for quote.

Additional Accounts

From €15.00 +VAT /account.

Additional Users

From €20.00 +VAT /user.

Debtor Management

+€29.00 +VAT

No-hands Accounting

+€0.45 +VAT /entry proposal.

Exact for Wholesale Distribution Pricing:

Plan

Monthly Pricing

Essentials

€215.00 +VAT

Plus

€335.00 +VAT

Professional

€455.00 +VAT

Exact Globe+ Wholesale Distribution & Synergy

From €695.00 /mo.

Additional Accounts

From €15.00 +VAT /account.

Additional Users

From €20.00 +VAT /user.

Debtor Management

+€29.00 +VAT

No-hands Accounting

+€0.45 +VAT /entry proposal.

Subscription Management

+€44.00 +VAT

Other Pricing:

Plan

Monthly Pricing

Time & Billing

€145.00 +VAT

Purchase-to-Pay Software

Contact for quote.

Exact Products:

1. Exact SXRP.

Exact SXRP is the platform's expense management software, built to automate and optimize spending reports, approvals, and reconciliations. With a single, centralized dashboard from which to manage allowances and expenses, the software gives users complete control over company spending.

Credit card transactions are automatically matched with the corresponding receipt based on location, amount, and currency, creating accurate and error-free reports. Other automation tools include mileage calculations, claim exporting, and approval workflows.

2. Exact for Accounting.

Exact offers robust accounting services tailored to startups, small companies, and established businesses. The software features an accounting robot that automates tedious administrative tasks, such as automated bank links and electronic invoicing for quick and easy payments and reconciliations.

Construction, logistics, and manufacturing companies can link the software to industry-specific extensions for advanced order management or production planning. Users can also access and manage important data from a laptop, smartphone, or tablet for centralized task viewing.

3. Exact for Payroll.

Exact's payroll services ensure that an organization's payroll processing integrates seamlessly with their accounting software, avoiding double entries and ensuring accurate pay slips are sent out on time.

Available as a standalone product or add-on accounting service, the software includes payroll processing, expense allowance regulation, payroll reports, leave and absence recording, document management, employee self-service portals, and automated workflows.

4. Exact for Manufacturing.

Exact's ERP software offers users a single solution to manufacturing processes, stock taking, relationship management, and accounting. Its tools help streamline invoicing, purchasing, quote preparation, sales forecasting, capacity planning, inventory management, and batch number recordings.

Advanced services include multiple warehouse coverage, digital order picking, financial consolidation, international payments, and business intelligence.

5. Exact for Wholesale Distribution.

Exact's inventory management software is ideal for companies expanding their products or services, building a new warehouse, or looking to gain a foothold in the international market. The solution integrates with accounting and CRM services for maximum efficiency and advanced insight into the entire supply chain.

Companies can use the service to gain full control of their inventory and stock management processes, along with robust delivery performance reporting and purchasing analytics. The software is also mobile-optimized, ensuring teams can access important information on the go.

6. Other Products.

Exact offers an additional suite of products for companies in need of time tracking, project management, and purchasing tools. The project management solution is ideal for budget monitoring, capacity planning, and project data reporting, while the time tracking service features advanced time reports, project overviews, and hourly rate management.

The platform's purchase-to-pay software offers users advanced contract management tools, budget control, and detailed reports for a clear and streamlined purchase process. The service includes cost control, expense planning, approval workflows, document management, and invoice processing.

Exact vs. Avaza
Exact vs. Avaza:

Like Exact, Avaza offers robust project management, time tracking, and expense reporting services. However, Exact has additional manufacturing, payroll, and purchase-to-pay solutions available, giving users access to a greater variety of financial tools. Of the two, Avaza is the more budget-friendly option, offering a free plan.

Exact vs. Avaza Comparison:

Feature

Exact

Avaza

Starting price

From €3.00 /user /mo.

Free and paid options.

Free plan

x

Expense tracking

Sales forecasting

x

Multicurrency support

Payroll services

x

Customer support

Email and phone.

Email and live chat.

Exact vs. BigTime
Exact vs. BigTime:

Exact and BigTime both offer comprehensive expense tracking, project management, and billing solutions. Of the two, Exact has a greater variety of services on offer, including payroll and contract management tools. Exact's solutions are available as standalone products, while BigTime only offers bundled services.

Exact vs. BigTime Comparison:

Feature

Exact

BigTime

Starting price

From €3.00 /user /mo.

From $10.00 /user /mo.

Free trial

x

Expense reporting

Multicurrency support

x

Billing and invoicing

Purchasing analytics

x

Customer support

Email and phone.

Email, phone, and live chat.

Exact vs. FreshBooks
Exact vs. FreshBooks:

While Exact and FreshBooks both offer expense tracking, invoice processing, and multicurrency support, each platform has a unique set of features. For robust project and inventory tracking tools, Exact is an attractive option, but for users in search of more advanced accounting and payment services, FreshBooks is the better choice.

Exact vs. FreshBooks Comparison:

Feature

Exact

FreshBooks

Starting price

From €3.00 /user /mo.

From $4.50 /mo.

Free trial

Expense tracking

Inventory management

x

Built-in bank transactions

x

Contract management

x

Customer support

Email and phone.

Email, phone, and live chat.

Key Information:

Legal Name

Exact

Founder

Eduard Hagens

Founding Date

Jan 01, 1984

Address

Molengraaffsingel 33, Delft ZH 2629 JD, Netherlands

Number of Employees

2155

Number of Customers

550000

Telephone

011 31 15 711 500

Website

https://www.exact.com/

FAQs:

What is Exact?

Exact provides companies of all sizes with robust expense management, payroll, project management, accounting, manufacturing, and billing software built to simplify and streamline financial processes.

What does Exact cost?

Exact has a wide variety of paid packages available, offering their services as standalone products or bundled solutions.

What is Exact Online?

Exact Online is the platform's online business software, featuring accounting and CRM services, such as invoicing, billing, and wholesale distribution tools.

Is there an Exact software trial?

Yes, Exact offers a free 30-day trial of most of its services.

Is Exact available in North America?

While Exact is based in the Netherlands, it caters to a global audience in North America, Europe, and Asia.

What is Exact Globe?

Exact Globe is the platform's ERP software catering to companies worldwide. It's an add-on product with advanced service management, manufacturing, logistics, and project management tools available.