Catalyst, by EBM Software vs. Financial Edge (legacy)

[Catalyst, by EBM Software] is well suited to track invoices from vendors to get them paid on time to avoid late fees. [Catalyst, by EBM Software] is less appropriate when paying vendor because that is not a function they currently have. If the system was an all in one system that could track and pay your invoices it would be an amazing software.

Incentivized

• Financial Edge is well suited for traditional day to day accounting, accounts payable, and related needs.
• Financial Edge dashboard does not provide a snapshot view of data that I have found are available through other platforms (like QBO).

Incentivized

• The GUI is easy to navigate on the iPad mini, which we use for charting.
• The options are simple so there is very little room for mistakes.
• Charting is easy and the setup allows for necessary fields that must be completed so charting stays uniform.

Incentivized

• Financial edge is able to be customized in a way that fits our organization.
• Financial edge is able to provide reports to our end-users on budget versus actual account balances.
• Financial edge is able to handle a large volume of transactions with ease, having built-in capabilities for batching and balancing.

Incentivized

• The browser closes unexpectedly at times when refreshing the page and you get logged out
• The incorrect vendor is chosen by Catalyst a few times
• The Catalyst file is occasionally not placed on time in the folder

Incentivized

• Customer service blames the customer, and never offers solutions other than "wait it out." I've always been told it's my computer, even though everyone else at my work has the same issues.
• Website is constantly "under maintenance" and it somehow never gets better.
• The Database View is outdated and glitchy. Honestly get rid of it.
• The Crystal Report is the only way to handle monthly recurring statements, and Financial Edge does not offer support for it anymore. Good luck figuring that out on your own.

Well.... when it works... it's good. When it doesn't it is very frustrating for our staff.

Incentivized

It's user friendly, when it wants to be.

The support for Catalyst is great and they are usually within the 48 hour response time. There could be a little quicker upload time for invoices that are submitted. They usually show up until the next day on the system and sometimes gives us a stress on time. Overall, the support is quite good

Incentivized

I would give this a zero if I could. Here's the deal. Once you request a chat with a representative, they immediately respond. So responsiveness: 10/10. However, they have a tendency to (always) tell you that whatever problem you're experiencing is your problem, not theirs. They offer no solutions and never take responsibility for their website malfunctioning

[Catalyst, by EBM Software] is a very easy system to use and is very user friendly. It gives you different ways of researching an invoice and not just one. Catalyst also helps to allow us to research an invoice within seconds and eliminates a lengthy and confusing process. It is a great software for first time users to learn quickly and efficiently.

Incentivized

Financial Edge is more economical than GuideStar, and more focused on the financial successes than simply the management of funds and general data.

Incentivized

• Catalyst is better than pencil and paper data analysis. But the app can be very frustrating when it's not working the way it did last week.
• The GUI is very simple. Sometimes too simple, like there is no way to go back in and edit SOAP note options.
• New feature roll-outs are mandatory. I understand that no one would opt in to being the guinea pig, but it would be nice if you weren't the first user to try it.
• The integration with billing software has streamlined the billing notes and saved us money over having two separate systems.

Incentivized

• Like any enterprise software, there are costs/investments ahead of return. It isn't something you would implement without support.
• During the significant financial downturn, we were able to use FE to forecast trends and make budget adjustments easily. It transformed communication about forecasting and cuts with assurance.

Incentivized