Top Rated ProfitCents Alternatives
It provides accessible insights and a graphic representation of the strengths and weaknesses of company financials. Review collected by and hosted on G2.com.
It does not offer a free trial, and the user interface is not friendly. Review collected by and hosted on G2.com.
9 out of 10 Total Reviews for ProfitCents
It offers for generating reports and the ability to sync projection analysis reports. I cant find anything to dislike about this platform. the interface with QB might not be the simplest it still gets the job done. The minor issue is that sometimes certain percentage-based numbers dont add up perfectly. Review collected by and hosted on G2.com.
The analysis requires some adjustments. the reports benefit from planning strategies for business improvement. Review collected by and hosted on G2.com.
Its report generator is perfect and provides a deep insight into the customer's financials or the consultant for which the user needs to generate the reports. This system use industry data to build the vale with the client. Various types of ratios and matrices will be used for fast calculations. It also generates narrative reports and graphics which show the multiple trends of financial statements. Review collected by and hosted on G2.com.
Projection analysis reports need to synchronize with the real-time organizational data and take time to compile. Overall this system has various attributes for report generation, and users need to understand once the usage of information and then the report to be generated. Review collected by and hosted on G2.com.
The flexibility and fact that it is done in excel makes it very easy to forecast numbers Review collected by and hosted on G2.com.
The interface with QB is not easy. It doesn't work all the time Review collected by and hosted on G2.com.
The biggest pro of ProfitCents is being able to store company financials in a centralized, secure place. The analysis tools can also be helpful, but their formulaic nature makes them very inaccurate sometimes. Review collected by and hosted on G2.com.
The valuation tools are almost useless for client-facing work because you have no transparency on how things are being calculated. It is much much easier to just build the model yourself than to try and scrub the numbers that you get from a one-size-fits-all approach like this. Review collected by and hosted on G2.com.
the projections tool. It helps me create a forecast and prepare for “what if” scenarios, and even calculate informal valuations Review collected by and hosted on G2.com.
data overload and the projection tool utilizes the more advanced features of Excel only available on a PC, it isn’t available for Mac without a custom work around. Review collected by and hosted on G2.com.
Simple, easy to navigate interface. Easily modifiable search parameters; where some industry data sites only allow you to segment an industry based on their asset/sales/other metrics, ProfitCents allows you to create your own query pools based on public v. private, geographical region, custom sales ranges, etc. Data is consistent and reliable. Review collected by and hosted on G2.com.
My only real complaint about the product is that percentage-basis numbers that should all add up to 100% (common size balance sheet/income statement measures) often don't. It's not a huge issue, but when using this data for litigation or other highly sensitive purposes, it creates a bit of doubt in the back of the mind of third parties about how reliable the data is. Review collected by and hosted on G2.com.
