Exchequer to iplicit

Exchequer's traditional desktop-based architecture means your finance team is working in isolation, passing files back and forth or waiting their turn to access the system.

iplicit is built for the cloud from day one, enabling your entire team to work simultaneously in real-time from anywhere. With unlimited users included as standard, you can give access to budget holders, project managers, and operational teams without worrying about additional license costs. This means faster month-end closes, better collaboration across departments, and finance insights available to everyone who needs them.

Exchequer's closed architecture forces you into manual CSV imports, duplicate data entry, and time-consuming reconciliation between systems.

iplicit's REST API connects directly with your CRM, project management tools, expense platforms, and banking systems. Pull revenue data automatically from Salesforce. Sync project costs from your PSA tool in real-time. Automate bank reconciliation through direct feeds. These aren't complicated custom builds or expensive middleware. They're straightforward API connections that eliminate double-entry and keep your financial data accurate across all systems.

Managing multiple legal entities in Exchequer means maintaining separate databases, manual consolidation in Excel, and hours spent reconciling intercompany transactions.

iplicit handles multi-company operations in a single database with automated consolidation that eliminates intercompany postings and converts currencies automatically. You can drill from consolidated management accounts right down to individual transactions across all entities. For businesses with subsidiaries, international operations, or acquisition plans, this turns a multi-day month-end process into something that happens automatically.

Exchequer forces service businesses to run separate job costing systems or build complex workarounds using nominal codes.

iplicit's project module is integrated directly into the general ledger, giving you live visibility into project profitability, WIP valuations, resource utilization, and margin analysis. Track costs and revenue by project, phase, and task. Bill time and materials or fixed fee contracts. Generate WIP reports for revenue recognition. Your project managers see operational metrics while finance maintains complete control. This isn't an add-on module purchased separately. It's part of the core system.

iplicit is designed for configuration rather than customisation, with sensible defaults that work for most businesses straight away.

You get a dedicated implementation team who has migrated dozens of organisations from legacy systems like Exchequer. Because everything runs in the cloud, there's no server infrastructure to procure, no software to install, and no IT projects to manage. This means lower implementation costs, faster return on investment, and minimal disruption to your finance operations.

Exchequer's rigid reporting forces you to export data into Excel for any meaningful analysis or custom views.

iplicit provides drag-and-drop report building directly in the system, with real-time dashboards that update automatically as transactions post. Create custom dimensions to analyse by region, product line, customer type, or project. Build board packs that refresh themselves. Give department heads direct access to their own profit and loss reports without involving finance. The reporting engine responds in seconds, not minutes, and business users can build their own reports without technical skills or training.