ALTO Exchange vs. FreshBooks

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
ALTO Exchange
Score 10.0 out of 10
Enterprise companies (1,001+ employees)
ALTO Exchange is an invoicing solution that aims to reduce invoice processing costs by allowing your vendors to submit their invoices directly into your electronic invoicing system. According to the vendor, key benefits include: - Keep track of project costs with electronic invoicing. - Leverage dynamic discounting. - Allow suppliers to manage invoice disputes, convert POs to invoices, view real-time status of their invoice, at no charge to…N/A
FreshBooks
Score 8.7 out of 10
Small Businesses (1-50 employees)
FreshBooks is an accounting service for small businesses. The solution enables users to send and manage invoices, track billable time and collect online payments. The vendor’s value proposition this that their solution provides a straightforward service that simplifies the billing process.
$21
per month
Pricing
ALTO ExchangeFreshBooks
Editions & Modules
No answers on this topic
Lite
$21
per month
Plus
$38
per month
Premium
$65
per month
Select
Custom Pricing
Offerings
Pricing Offerings
ALTO ExchangeFreshBooks
Free Trial
YesYes
Free/Freemium Version
YesYes
Premium Consulting/Integration Services
YesNo
Entry-level Setup FeeRequiredNo setup fee
Additional Details10% discount for annual pricing.
More Pricing Information
Community Pulse
ALTO ExchangeFreshBooks
Features
ALTO ExchangeFreshBooks
Customization
Comparison of Customization features of Product A and Product B
ALTO Exchange
-
Ratings
FreshBooks
9.1
35 Ratings
16% above category average
API for custom integration00 Ratings9.330 Ratings
Plug-ins00 Ratings8.926 Ratings
Security
Comparison of Security features of Product A and Product B
ALTO Exchange
-
Ratings
FreshBooks
10.0
41 Ratings
20% above category average
Single sign-on capability00 Ratings10.01 Ratings
Role-based user permissions00 Ratings9.941 Ratings
Reporting & Analytics
Comparison of Reporting & Analytics features of Product A and Product B
ALTO Exchange
-
Ratings
FreshBooks
7.5
57 Ratings
4% below category average
Dashboards00 Ratings8.957 Ratings
Standard reports00 Ratings8.755 Ratings
Custom reports00 Ratings4.82 Ratings
General Ledger and Configurable Accounting
Comparison of General Ledger and Configurable Accounting features of Product A and Product B
ALTO Exchange
-
Ratings
FreshBooks
7.5
56 Ratings
2% below category average
Accounts payable00 Ratings8.041 Ratings
Accounts receivable00 Ratings9.455 Ratings
Cash management00 Ratings7.03 Ratings
Bank reconciliation00 Ratings7.02 Ratings
Expense management00 Ratings6.651 Ratings
Time tracking00 Ratings7.642 Ratings
Multi-currency support00 Ratings7.01 Ratings
Regulations compliance00 Ratings6.021 Ratings
Self-service portal00 Ratings9.13 Ratings
Order Management
Comparison of Order Management features of Product A and Product B
ALTO Exchange
-
Ratings
FreshBooks
9.4
49 Ratings
21% above category average
Pricing00 Ratings8.839 Ratings
Order entry00 Ratings9.337 Ratings
Credit card processing00 Ratings9.641 Ratings
Cost of goods sold00 Ratings10.01 Ratings
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ALTO ExchangeFreshBooks
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Score 9.4 out of 10
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User Ratings
ALTO ExchangeFreshBooks
Likelihood to Recommend
8.2
(1 ratings)
8.4
(75 ratings)
Likelihood to Renew
-
(0 ratings)
7.6
(18 ratings)
Usability
-
(0 ratings)
9.5
(20 ratings)
Availability
-
(0 ratings)
10.0
(2 ratings)
Performance
-
(0 ratings)
8.0
(1 ratings)
Support Rating
-
(0 ratings)
6.0
(11 ratings)
Implementation Rating
-
(0 ratings)
10.0
(1 ratings)
User Testimonials
ALTO ExchangeFreshBooks
Likelihood to Recommend
Innovation Centric Group
This is a good portal for accounting and even sales personel to use in their jobs if they are needing to access purchase orders from our customers
Read full review
FreshBooks
I recommend FreshBooks to anyone running a service-based business that needs invoicing, time reporting, and accounting tools. FB is adept in all three of these scenarios and isn't overly complicated like similar accounting packages I have used. I love how I can write estimates and proposals, manage the business development process from the software, and quickly convert prospects to invoiced clients.
Read full review
Pros
Innovation Centric Group
  • Clean easy to navigate interface
  • Excellent and accurate customer service
  • Easy to get activated for both customer and vendor relations
Read full review
FreshBooks
  • Invoicing - FreshBooks basically ensures our accountants spend less time on invoices via its automated invoicing system, which sends invoices to our customers and clients alike and also send them regular reminders for them to pay up their bills.
  • Collecting business insights - FreshBooks enable our company analysts measure our business performances via data reports provided by FreshBooks' intuitive dashboard. Allowing us do a comparative analysis of key business metrics of a current month against past months and determine if the business is growing.
  • Expense tracker - We have recently embraced FreshBooks as an expense tracker for teams at our company branch. Thusfar, FreshBooks has performed very well, making our expense management a perfect operation; ensuring teams do not exceed their planned budget and also eliminating the need for tracking expenses on excel spreadsheets.
Read full review
Cons
Innovation Centric Group
  • When submitting an invoice and error is generated the error is not too clear on how to fix the issue
  • Ability to scan or upload PDF invoice to customer
  • Email confirmation that invoice has been successfully submitted
Read full review
FreshBooks
  • I can brand invoices with my business logo, but I might like to change colours of the invoices themselves to match the rest of my business documents. That isn't a major point at all, but it's something that I'd like to see.
  • Freshbooks doesn't remember the categories that similar expenses were previously assigned to. It would be nice if Freshbooks would suggest a category for an already saved vendor, to ensure the consistency of expense reporting.
  • The home page of a Freshbooks account has a great graph display of expenses and income, but it only shows the last 6 months. This is still very useful, but I'd like to be able to see this kind of graph for different periods of time.
Read full review
Likelihood to Renew
Innovation Centric Group
No answers on this topic
FreshBooks
At the current needs of our business, FreshBooks suits us perfectly - it allows online access by our accountant to the system for GST purposes, easy input of expenses and tracking of Profit and Loss statements. FreshBooks customer service is great as well - very understanding and accommodating.
Read full review
Usability
Innovation Centric Group
No answers on this topic
FreshBooks
FreshBooks is very easy to use even for novices. If you're looking for an online accounting software that is full of features, has great aesthetics and is user-friendly, then this is definitely the software for you. I've been using it for several years now and despite being tempted to switch by other vendors, I like the feel of FreshBooks and it's mobile features.
Read full review
Reliability and Availability
Innovation Centric Group
No answers on this topic
FreshBooks
FreshBooks is easy to use and always works!
Read full review
Support Rating
Innovation Centric Group
No answers on this topic
FreshBooks
I think the support level for FreshBooks is on par with a 6 because the folks behind this application do a fairly good job at providing support for their customer base. I still don't think they are at an elite level when it comes to supporting but are getting there although too slow in my opinion.
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Implementation Rating
Innovation Centric Group
No answers on this topic
FreshBooks
I haven't changed my mind since my first evaluation. Freshbooks is still meeting my needs, easy to use, etc.
Read full review
Alternatives Considered
Innovation Centric Group
N/A this was setup by my customer for us to use
Read full review
FreshBooks
FreshBooks does very well in comparison, especially since it is free software for Barclays bank users. Sage software is much worse than FreshBooks. However, Xero and QuickBooks, the market leaders, are still ahead with usability, additional features, reporting, and connection with third-party software providers. We chose FreshBooks as it does everything we require from this type of software.
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Return on Investment
Innovation Centric Group
  • Too early to tell just started using it
Read full review
FreshBooks
  • In reality, we do not implement all of its use at the moment in order to determine an adequate ROI.
  • In our approach to the use of the system, it seems to us a considerable time saving by achieving the integration of the Mexican subsidiary with its parent located in the US.
  • Financial reports meet the necessary USGAAP requirements.
Read full review
ScreenShots

ALTO Exchange Screenshots

Screenshot of DashboardScreenshot of Add new invoiceScreenshot of TemplatesScreenshot of Select approved POs and convert them to invoicesScreenshot of To-do's list

FreshBooks Screenshots

Screenshot of the dashboardScreenshot of an invoice overviewScreenshot of an example of a customizable invoiceScreenshot of an invoice appearing across devicesScreenshot of expensesScreenshot of time tracking