ScaleFactor vs FINSYNC

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Our analysts compared ScaleFactor vs FINSYNC based on data from our 400+ point analysis of Accounting Software, user reviews and our own crowdsourced data from our free software selection platform.

ScaleFactor Software Tool

Product Basics

ScaleFactor provides an intuitive module that runs accounting, tax and finance tasks to provide accurate data to businesses and make strategic decisions. Accounting and finance solve how modern companies operate by automating complex accounting tasks and converting financial information into valuable data. It allows capturing expense details and categorizing them. It tracks regular cash flow and keeps a tab on the patterns to identify any abnormalities and notifies the accountants of the same. It seamlessly integrates and syncs information across applications in real time and keeps a tab on the entry to avoid any duplication.
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FINSYNC Accounting and Cash Flow Management is a multipurpose payment application that aides users with supervising cash flows, automating bookkeeping tasks and broadening profits. In addition to cash flow management, it streamlines the following bookkeeping operations: payments, invoicing, bill payments, payroll, accounting and financing. It keeps everyone and everything within a user's enterprise in sync for sleek finance operations.

Advanced analytics and automation and professional financial services are some of FINSYNC's helpful modules.
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$399 Monthly
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Tailored to your specific needs
$40 Monthly, Freemium
Get a free price quote
Tailored to your specific needs
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Windows
Mac
Linux
Android
Chromebook
Windows
Mac
Linux
Android
Chromebook
Cloud
On-Premise
Mobile
Cloud
On-Premise
Mobile

Product Assistance

Documentation
In Person
Live Online
Videos
Webinars
Documentation
In Person
Live Online
Videos
Webinars
Email
Phone
Chat
FAQ
Forum
Knowledge Base
24/7 Live Support
Email
Phone
Chat
FAQ
Forum
Knowledge Base
24/7 Live Support

Product Insights

  • Tax Season Ready: Avoid mismatched transactions and forgotten expenses with books updated in real time. Keep the businesses ready for the tax season. 
  • Better Accuracy: Ensure all data is accurate and the bookkeeping process gets done in a secure and reliable manner with the help of certified accounting experts. 
  • Comprehensive Management: Manage back-office operations like reviewing the team’s expenses, paying bills and double-checking payrolls to ensure everything runs smoothly. 
  • Live Dashboard: Access information that the business needs regarding bookkeeping, be it classifying transactions, updating a general ledger or seeing mobile alerts and notifications via a live dashboard. 
  • Reports: Recognize revenue and account transactions accurately. Use data to help make the right decisions for profit and loss statements, journal entries and balance sheets. 
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  • Unified Platform: Instead of uploading data from several solutions, FINSYNC enables users to seamlessly store bank cards and charge accounts. Users can also verify and reconcile numerous accounts.  
  • Superintend Every Payment: FINSYNC administers every invoice, customer receipt and bill and vendor payment within one solution. 
  • Stay On Top of Payments: It's feasible for users to evaluate every incoming or outgoing payment with an intricate calendar view so they avoid missed payments or worrying about whether or not if or when they'll receive money in the bank.  
  • Various Cash Flow Merges: Add various FINSYNC cashflow integrations to this solution. For example, the Projects add-on allows users to track the profitability of every project including time tracking and expense reimbursement. The Payroll add-on enables intricate cash flow monitoring across an entire organization. 
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  • Seamless Integration: Integrates with QuickBooks Online and Xero to significantly reduce the time spent on accounting. Give the business time to spend on tasks that matter by eliminating financial bottlenecks. 
  • Virtual Bookkeeping Software: Categorize transactions across the account that are awaiting review or approval. Send them to the designated recipient so the business is up to date with the accounting tasks. 
  • Dashboard: Help the company understand where the money is coming from and where it’s going with an easy-to-navigate dashboard. Give a quick overview of the business’s financial health to devise effective strategies to steer ahead. 
  • Payroll: Leverage Gusto, a full-service payroll processor that runs operations on the same page where the books get managed. Set multiple pay schedules and add all types of employees. Adjust payroll where needed. 
  • Bill Payment: Simplify paying the bills. Forgo entering all details in the payment system. Powered by bill.com, it efficiently manages all payments from the same place where the book gets processed. 
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  • Thorough Accounting: The accounting module contains multiple functions and extensions to simplify bookkeeping responsibilities. It is equipped with a customizable chart of accounts and cash and accrual reports. It tracks income and expenses by department, location and associate. It also instantly reconciles bank and credit union accounts with accurate bills and invoices. 
  • Initiate Invoices and Billing: Users can establish one-time or repeating invoices, work with built-in workflow and user permissions and set alerts and automated reminders with the invoicing and bill pay apparatus. It permits customers and vendors to safely store payment information and has adjustable payment schedules. Users can also initiate automated ACH & card payments for recurring invoices and bills. 
  • Trace and Manage Cash: The advanced automation and analytics accessory aids users in knowing every dollar that enters or exits your organization. Collecting, posting and updating accounts occurs in real-time. 
  • Financial Resources: This solution can match users with a FINSYNC Certified Professional Accountant or Bookkeeper and receive the ideal financing options that align with their enterprise.  
  • Find An Insurance Broker: FINSYNC aids users in finding a suitable insurance broker for their needs.  
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Product Ranking

#147

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Accounting Software

#152

among all
Accounting Software

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User Sentiment Summary

Great User Sentiment 17 reviews
Excellent User Sentiment 7 reviews
84%
of users recommend this product

ScaleFactor has a 'great' User Satisfaction Rating of 84% when considering 17 user reviews from 1 recognized software review sites.

91%
of users recommend this product

FINSYNC has a 'excellent' User Satisfaction Rating of 91% when considering 7 user reviews from 1 recognized software review sites.

4.18 (17)
4.57 (7)

Awards

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FINSYNC stands above the rest by achieving an ‘Excellent’ rating as a User Favorite.

User Favorite Award

Synopsis of User Ratings and Reviews

Automated Bookkeeping: ScaleFactor can automatically categorize transactions, reconcile accounts, and generate financial reports, saving businesses time and reducing the risk of errors.
Real-Time Insights: The platform provides real-time financial data, allowing businesses to track their performance and make informed decisions.
Bill Pay: ScaleFactor offers a bill pay feature that allows businesses to easily pay bills electronically, streamlining the accounts payable process.
Tax Compliance: The platform helps businesses stay compliant with tax regulations by automatically calculating and filing sales tax returns.
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Centralized Platform: Many users appreciate FINSYNC's ability to manage various financial tasks, such as invoicing, payments, and bank reconciliation, all within a single platform.
User-Friendly Interface: FINSYNC is often praised for its intuitive design and ease of use, making it accessible even for individuals without extensive accounting experience.
Time-Saving Automation: Features like automated recurring invoices and payment reminders are popular for streamlining financial processes and reducing manual effort.
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Inaccurate Data: Some users have reported that ScaleFactor sometimes pulls in inaccurate data, leading to incorrect financial reports.
Limited Functionality: ScaleFactor may not have all the features that some businesses need, such as advanced inventory management or project accounting.
Customer Support Issues: Some users have expressed frustration with ScaleFactor's customer support, citing slow response times and difficulty getting issues resolved.
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Steep Learning Curve: The platform's interface can be overwhelming for new users due to its extensive features and functionalities. This complexity may require additional time and effort to learn and navigate effectively.
Customer Support Challenges: Some users have reported difficulties in reaching customer support promptly, leading to potential delays in resolving issues or obtaining necessary assistance. Efficient and responsive customer support is crucial for a smooth user experience, especially when dealing with complex financial software.
Mobile App Limitations: The mobile app's functionality is currently limited compared to the web-based platform. Users seeking comprehensive mobile access to their financial data and tasks may find the app's capabilities insufficient for their needs.
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Is ScaleFactor a major player or small fry in the accounting software game? Based on user reviews from the past year, ScaleFactor seems to be a bit of a mixed bag. Users appreciate its user-friendly interface, making it a breeze for those without an accounting background to navigate. The software's flexibility is another plus, as it can be tailored to fit the needs of businesses of all shapes and sizes. However, ScaleFactor's price tag is a major drawback, with many users finding it pricier than its competitors. Additionally, the software's limited integration with other business tools can be a dealbreaker for those who rely on a connected ecosystem of applications. ScaleFactor appears to be best suited for small to medium-sized businesses that prioritize ease of use and flexibility in their accounting software and are willing to pay a premium for these features. However, for businesses on a tight budget or those that require seamless integration with other software, ScaleFactor may not be the best fit. Ultimately, the decision of whether or not to use ScaleFactor comes down to weighing its strengths and weaknesses against your specific business needs and budget.

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Is FINSYNC truly in sync with the needs of small businesses? Recent user reviews suggest a mixed bag. While many appreciate its user-friendly interface and integrated features like invoicing, payments, and expense tracking, some find its accounting capabilities lacking compared to dedicated accounting software like QuickBooks Online or Xero. For example, users praise FINSYNC's intuitive dashboard for monitoring cash flow, but some find its reporting features limited for more complex accounting needs. FINSYNC's strength lies in its unified approach to financial management, making it ideal for small businesses seeking an all-in-one solution. Its automated workflows, like connecting bank accounts for seamless transaction imports, save time and reduce manual errors. However, businesses with more complex accounting requirements or those needing robust reporting functionalities might find FINSYNC limiting. Ultimately, FINSYNC is best suited for small businesses or startups prioritizing ease of use and a centralized platform for managing their finances, rather than those requiring advanced accounting features.

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