What users are saying about
16 Ratings
15 Ratings
16 Ratings
<a href='https://www.trustradius.com/static/about-trustradius-scoring' target='_blank' rel='nofollow noopener'>trScore algorithm: Learn more.</a>
Score 9.5 out of 100
15 Ratings
<a href='https://www.trustradius.com/static/about-trustradius-scoring' target='_blank' rel='nofollow noopener'>trScore algorithm: Learn more.</a>
Score 10 out of 100

Feature Set Ratings

  • Canopy ranks higher in 2 feature sets: Type of tax, Tax Reporting & Compliance

Type of tax

9.8

Canopy

98%
9.3

LOVAT

93%
Canopy ranks higher in 4/4 features

Sales and Use Taxes

10.0
100%
3 Ratings
9.6
96%
8 Ratings

Cross-border Taxes

9.0
90%
2 Ratings
N/A
0 Ratings

VAT / GST Taxes

10.0
100%
2 Ratings
9.1
91%
12 Ratings

Energy and Fuel Taxes

10.0
100%
3 Ratings
N/A
0 Ratings

Tax Reporting & Compliance

9.4

Canopy

94%
9.2

LOVAT

92%
Canopy ranks higher in 6/7 features

Geolocation for Tax Assessment

9.0
90%
2 Ratings
9.2
92%
12 Ratings

3rd-Party Software Integrations

9.3
93%
5 Ratings
N/A
0 Ratings

Tax Data Reporting

9.5
95%
3 Ratings
9.2
92%
12 Ratings

Compliance Administration Management

9.3
93%
6 Ratings
9.1
91%
11 Ratings

Tax Exemption Processing

10.0
100%
3 Ratings
N/A
0 Ratings

Tax Document Management

9.7
97%
6 Ratings
9.4
94%
12 Ratings

Complex Tax Scenario Management

9.3
93%
5 Ratings
N/A
0 Ratings

Attribute Ratings

  • Canopy and LOVAT are tied in 1 area: Likelihood to Recommend

Likelihood to Recommend

9.5

Canopy

95%
11 Ratings
9.5

LOVAT

95%
12 Ratings

Support Rating

1.0

Canopy

10%
2 Ratings

LOVAT

N/A
0 Ratings

Likelihood to Recommend

Canopy, Inc.

If you want to have an all in one solution for managing you clients (from sales lead to loyal client) this is the answer. We rarely have to use other systems to take a client from a lead to completing their taxes or representation case. It's also given us the freedom to switch our business model to focus on value added pricing and shift to be an advisory focused firm. If you want to pump out hundreds of returns and don't care about managing your clients on a long term basis because you're a quantity over quality shop, you may not find value in the software.
Read full review

LOVAT COMPLIANCE LTD

You need a way to calculate VAT on your remote sales and store tax documents electronically. As part of your evaluation, I would include LOVAT as an option. With LOVAT, we can also avoid asking clients to provide additional information at check out, which keeps our conversion rate higher. It's so easy to upload tax data, calculate VAT, and submit VAT forms
Read full review

Pros

Canopy, Inc.

  • As TheCPATaxProblemSolver, Canopy is a great timesaver in helping me complete IRS Offer In Compromises. An Offer in Compromise (OIC) is an IRS program that allows taxpayers to settle their liabilities for less than the full amount owed.
  • I use analytics contained in the state-of-the-art Canopy tax resolution software to calculate smart recommendations based on each unique case to arrive at the best solution and prepare successful cases.
  • Canopy tax has an all in one practice management software. It features Customer Relationship Management (CRM), Document Management, Workflow Management, as well as Billing and Invoicing
Read full review

LOVAT COMPLIANCE LTD

  • Variety of subscription plans which are flexible thanks to possibilities of purchasing various add-ons.
  • Tax audit reports which are available for download is a great feature that allows us to have a deeper look to our transactions from different sales channels of ours.
  • The support team in always helped us with difficulties or questions that we had on different stages while working with LOVAT
Read full review

Cons

Canopy, Inc.

  • Connectivity with Outlook for email tracking - the connection is sometimes lost and there is no notification. You just look for your email trail and there is nothing.
  • Electronic signatures for multiple contacts on one document with some fields being optional would be a great help.
  • Being able to see contact transcripts in the client record view versus just the transcript screen would be more efficient.
Read full review

LOVAT COMPLIANCE LTD

  • Some processes take extra time
  • It will take some time and preferably a demo call with the support team to learn how to use the software yourself
  • Unfortunately, consultation on really difficult questions can be obtained only for an additional fee
Read full review

Pricing Details

Canopy

Starting Price

Editions & Modules

Canopy editions and modules pricing
EditionModules

Footnotes

    Offerings

    Free Trial
    Free/Freemium Version
    Premium Consulting/Integration Services

    Entry-level set up fee?

    No setup fee

    Additional Details

    LOVAT

    Starting Price

    $40 Best option for small sellers and new companies

    Editions & Modules

    LOVAT editions and modules pricing
    EditionModules
    Start-Up40/month1
    Standard80/month2
    Premium500/month3

    Footnotes

    1. Best option for small sellers and new companies
    2. Most popular option for your VAT Compliance
    3. Top quality level of VAT Compliance

    Offerings

    Free Trial
    Free/Freemium Version
    Premium Consulting/Integration Services

    Entry-level set up fee?

    No setup fee

    Additional Details

    For the complete version of the pricing with all addons and to calculate your fee please visit our website

    Support Rating

    Canopy, Inc.

    We had to contact the company many times because of the problems we were encountering. They were not helpful in any way
    Read full review

    LOVAT COMPLIANCE LTD

    No answers on this topic

    Alternatives Considered

    Canopy, Inc.

    Canopy works efficiently for all the companies, more so the CPA firms and other programs have no such advancement. The existence of an individualized client portal from Canopy is a remarkable step. Canopy records the due dates for a project and checks them when they are near or notifies the user.
    Read full review

    LOVAT COMPLIANCE LTD

    Lovat is a product which is favorable in terms of cost, unlike the many tax software which are expensive and not affordable.Also, Lovat has some flexibility, where different procedures based on the companies demands can be personalized to suit its needs. Lastly, Lovat works in hand with the many programs that are in the accounting area.
    Read full review

    Return on Investment

    Canopy, Inc.

    • We have eliminated our admin position as our tasks are more streamlined.
    • We can support a year-round client demand breaking the season-to-season cash cycle.
    • We're looking to become 100% remote/virtual helping clients all over the country/world within the next 12 months due to this cloud solution.
    Read full review

    LOVAT COMPLIANCE LTD

    • Good functionality and regular update of the services.
    • This software is a good value for money especially taking into account a not very high price.
    • The support team is professional but available only at weekdays.
    • For the moment the support language is only English that may cause some inconvenience.
    Read full review

    Screenshots

    Add comparison