Overview
Plus & Minus Software Corporation is headquartered in Houston, Texas, and is a prominent leader in developing comprehensive enterprise resource planning (ERP) and accounting solutions. Known for its unique single-file design, the company consolidates core accounting functions into a unified system, simplifying data management and enhancing reporting capabilities. Plus & Minus serves diverse industries, including manufacturing, construction, distribution, oil & gas, financial services, and non-profits.
Key Features
Innovative Software Design
- Single-File Structure: Provides real-time data management and comprehensive financial reporting, eliminating the need for multiple databases across accounting modules.
- Core Functionalities: Integrates essential operations such as general ledger, accounts payable/receivable, cash management, payroll, and inventory control.
- Adaptability: The software supports various industries with customized solutions that enhance operational efficiency.
Competitive Advantages
- Cost-Efficient Model: Offers a one-time fee licensing model with a fixed fee per 10 users and 10 companies, avoiding recurring subscription costs.
- Deployment Options: Available both on-premise and as a web-based solution to cater to different business needs.
- Market Recognition: Acclaimed among industry-leading publications for its revolutionary approach to financial management technology.
Leadership Team
Tim Mattingly - CEO
- Background: Co-founder and pivotal to software design, Tim Mattingly brings over 40 years of technology industry experience. He was previously with PricewaterhouseCoopers and Ernst & Young, contributing to his profound insight into accounting innovations.
Tom Friedman - Co-Founder
- Career: A retired partner from PricewaterhouseCoopers with substantial expertise in management consulting. He significantly influenced the original Plus & Minus software design and now offers executive consultancy through Align Results Consulting.
Products and Services
Plus & Minus Software's suite is engineered to streamline complex financial operations using an innovative, transaction-based design. It includes robust core finance operations, sales operation tracking, business report generation, and document monitoring, making it highly adaptable to various business scales and complexities.
Technical Edge
The software is distinguished by its transaction-based design that revolutionizes traditional accounting approaches. Early adoption of technologies like Automated Clearing House (ACH) and positive pay has enhanced its ERP solutions, widely recognized for reducing the complexity and time investment in traditional accounting processes.
Recent Developments and Achievements
The company has received accolades as "Innovators of the Year 2024," recognized for continuously advancing financial management technology. It has appeared in publications such as CFO Tech Outlook and The Silicon Review for its innovative designs.
Competitor Landscape
Key Competitors
1. NetSuite: Known for cloud-based enterprise software offering financial management, CRM, and e-commerce. The Oracle acquisition enhances its robust ERP capabilities.
2. Sage Intacct: Offers powerful cloud-based accounting applications aimed at medium to large organizations, prioritizing customer satisfaction in cloud financial management.
3. QuickBooks (Intuit): Targets small to medium-sized businesses with user-friendly on-premises and cloud-based accounting software, including payroll and payment management.
Competitive Advantages
- Innovation: Plus & Minus Software's transaction-based framework offers a distinct edge over traditional accounting methodologies.
- Industry-Specific Solutions: Custom solutions designed for industries like oil & gas and construction, enhancing operational efficiency.
Contact Information
- General Inquiries: (713) 465-5645 Opt 1 | M-F 8 AM-5 PM CDT
- Expert Consultation: (713) 465-5645 Opt 2 | M-F 8 AM-5 PM CDT
- Email Support: support@plusandminus.com (Available 24/7)
Plus & Minus Software Corporation represents innovation and operational efficiency, providing businesses with enhanced financial management solutions. The company's strategic location, visionary approach, and customized solutions position it firmly as a leader in the ERP and accounting software landscape.
