ProfitCents Reviews

Industry comparisons are my favorite part.

Mapping to QBO each import seems clunky.

Industry benchmarking is a terrific tool when advising clients. Profitcents uses it and plain English to help us communicate impactfully.

I am able to advise clients in plain English, not focusing so much on the figures, but on the solutions to their problems.

The analytics aspect of the software program

There is nothing to dislike on this platform

It is an excellent source for analytics

Helping clients to add more profits to there bottomline

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.

The analysis requires some adjustments. the reports benefit from planning strategies for business improvement.

ProfitCents offer insights and help businesses make informed decisions. It has truly transformed my business by allowing me to accurately assess my industrys health. This knowledge has empowered me to identify areas, for growth.

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.

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.

For single-stop accounts management and expenses management. It helps in the generation of MIS reports of various financial. It also helps in the Client's organization valuation, which helps in retaining the clients and management of their accounts.

For audit and reviews of the company's financial data, this system is used as a mandatory tool. It generates the various reports utilized by the chartered accountant for rational industrial valuation and expense manaemetn. It helps in retaining the clients and providing more value to their firms. It is perfect for importing client data and cash flow management. Various accounting software can also be integrated with this tool. The reports can also be downloaded in excel for better analytics.

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.

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.

Don't bother with the analysis tools -- you will probably have to adjust for nonrecurring expenses etc. anyway.

The biggest time-saving aspect of ProfitCents is the ability to host company financials in a secure place.

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.

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.

A quintessential tool for business valuation and litigation consulting professionals.

Strong data analysis and graphic presentation.

The focus seems to be on this service being provided by a CPA.

Indepth planning on improving businesses through applied concrete systems

The flexibility and fact that it is done in excel makes it very easy to forecast numbers

The interface with QB is not easy. It doesn't work all the time

Clients need forecasts and this helps a lot

the projections tool. It helps me create a forecast and prepare for “what if­­­” scenarios, and even calculate informal valuations

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.

ProfitCents help you make easy means to create narrative financial health reports, projections, and industry-specific trends and ratio benchmarks for their clients.

ProfitCents is great for importing your clients’ data to analyze it and help me project into the future. This helps my business' future road-map

It provides accessible insights and a graphic representation of the strengths and weaknesses of company financials.

It does not offer a free trial, and the user interface is not friendly.

All the analysis reports are simple and easily importable in excel for further breakdown and scrutiny.