Bloomberg Tax vs. TransactionCloud

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Bloomberg Tax
Score 9.0 out of 10
N/A
Bloomberg Tax is a tax management and automation software suite supporting corporate tax research, calculation, and compliance.N/A
TransactionCloud
Score 9.0 out of 10
N/A
Transaction Cloud is a reseller solution for SaaS companies, to handle payments, sales tax/VAT/GST compliance (collection, filing), subscription management, recurring billing, and invoicing, that can be used by companies to simplify their payment, tax, accounting and risk management process. Effectively, TransactionCloud aims to remove complexities associated to compliance and related issues when selling SaaS, effectively by buying licenses of the user's software and selling them to customers.N/A
Pricing
Bloomberg TaxTransactionCloud
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
Bloomberg TaxTransactionCloud
Free Trial
NoYes
Free/Freemium Version
NoYes
Premium Consulting/Integration Services
NoNo
Entry-level Setup FeeNo setup feeNo setup fee
Additional DetailsPay as you go pricing
More Pricing Information
Community Pulse
Bloomberg TaxTransactionCloud
Features
Bloomberg TaxTransactionCloud
Type of tax
Comparison of Type of tax features of Product A and Product B
Bloomberg Tax
9.3
2 Ratings
17% above category average
TransactionCloud
-
Ratings
Sales and Use Taxes8.02 Ratings00 Ratings
Cross-border Taxes10.01 Ratings00 Ratings
VAT / GST Taxes10.01 Ratings00 Ratings
Tax Reporting & Compliance
Comparison of Tax Reporting & Compliance features of Product A and Product B
Bloomberg Tax
8.5
2 Ratings
8% above category average
TransactionCloud
-
Ratings
Geolocation for Tax Assessment9.02 Ratings00 Ratings
3rd-Party Software Integrations8.01 Ratings00 Ratings
Tax Data Reporting9.02 Ratings00 Ratings
Compliance Administration Management9.02 Ratings00 Ratings
Tax Document Management8.01 Ratings00 Ratings
Complex Tax Scenario Management8.01 Ratings00 Ratings
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Bloomberg TaxTransactionCloud
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Lappa
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Enterprises
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User Ratings
Bloomberg TaxTransactionCloud
Likelihood to Recommend
9.0
(2 ratings)
9.0
(1 ratings)
Usability
9.0
(1 ratings)
-
(0 ratings)
User Testimonials
Bloomberg TaxTransactionCloud
Likelihood to Recommend
Bloomberg
The fixed asset software is very advanced for software in general, but it is limited to accounting (GAAP and Tax) fixed assets. Would love to see a more IT user friendly software allowing IT personnel to use a gun to scan the servers and computers, etc. This wouldn't necessarily be a fixed asset as many computer items are too small dollar wise, but it would be a useful feature for IT and accounting to track IT assets by locatoin, user, departmetn, etc. and would be company wide. Another software needed is for company contracts with an ability to send out emails for notifications that a given contract is coming due. Obviously, this would be for contracts and leases but is also useful for accounting and would involve the whole company as there are contracts for rentals, equipment, service maintenance agreements, capital leases, IT contracts, etc.
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Transaction Cloud, Inc
Transactioncloud is well suited when it comes to Invoicing & billing, Analytics is another good part to keep a track of subscriptions. pay as you go feature is well suited us as we can easily determine our budget.
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Pros
Bloomberg
  • Research
  • Chart Creations.
  • Help narrow down or identify the exact issue you have.
  • Customer Support through the help line.
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Transaction Cloud, Inc
  • Recurring billing feature is working really well for us
  • The integration part is impressive as well as its super quick
  • Helping us in fraud protection
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Cons
Bloomberg
  • Better outlay of the depreciation section, rather see periods vertically, then horizontally. The periods are difficult to move through when you need to see many months in the past or vice-versa.
  • Would love to see an ability to mandate certain fields when creating an asset as every company is different.
  • Would love to see each field have the ability to have it's own pick list, and the pick list that does exist needs to be larger to allow for a longer list rather than just 8-10, then the rest are hidden so you have to move to section 2 to see that continuing list.
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Transaction Cloud, Inc
  • Video training should be available
  • Data import & export lags sometime
  • Discount Management is confusing sometimes
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Usability
Bloomberg
Overall, it is a good value for the money we pay for it, and it helps our tax process.
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Transaction Cloud, Inc
No answers on this topic
Alternatives Considered
Bloomberg
I think it is a superior product with more features.
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Transaction Cloud, Inc
Mainly Pay as you go feature made us decide to stack up.
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Return on Investment
Bloomberg
  • Allowed for very smooth audits
  • User friendly, allows for documentation to be stored, very useful
  • Good audit trail to see what happened.
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Transaction Cloud, Inc
  • Very positive impact on our billing (recurring)
  • Protection from fraud increased
  • The multuple currencies, wallet payments & major credit cards support increasing the business growth
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ScreenShots

TransactionCloud Screenshots

Screenshot of Checkout Screen