MYOB vs. ScaleFactor

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
MYOB
Score 5.1 out of 10
N/A
MYOB now has a suite of subscription-based products and a browser-based accounting product that was released in August 2010. On 24 October 2012, MYOB released AccountRight Live - the cloud-enabled version of its flagship product. MYOB competes with Xero and QuickBooks.N/A
ScaleFactor
Score 9.5 out of 10
Small Businesses (1-50 employees)
Austin-based ScaleFactor provides their small business accounting automation platform designed to combine software and expert assistance to SMBs and remove concern for financial, tax and accounting challenges.N/A
Pricing
MYOBScaleFactor
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
MYOBScaleFactor
Free Trial
NoNo
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
NoNo
Entry-level Setup FeeNo setup feeNo setup fee
Additional Details
More Pricing Information
Features
MYOBScaleFactor
Payroll Management
Comparison of Payroll Management features of Product A and Product B
MYOB
6.9
11 Ratings
8% below category average
ScaleFactor
-
Ratings
Pay calculation7.211 Ratings00 Ratings
Benefit plan administration6.97 Ratings00 Ratings
Direct deposit files7.09 Ratings00 Ratings
Salary revision and increment management6.97 Ratings00 Ratings
Reimbursement management6.87 Ratings00 Ratings
Customization
Comparison of Customization features of Product A and Product B
MYOB
6.0
6 Ratings
16% below category average
ScaleFactor
9.0
2 Ratings
24% above category average
API for custom integration5.86 Ratings00 Ratings
Plug-ins6.25 Ratings9.02 Ratings
Security
Comparison of Security features of Product A and Product B
MYOB
7.0
11 Ratings
12% below category average
ScaleFactor
9.5
4 Ratings
19% above category average
Single sign-on capability6.910 Ratings9.54 Ratings
Role-based user permissions7.111 Ratings00 Ratings
Reporting & Analytics
Comparison of Reporting & Analytics features of Product A and Product B
MYOB
5.9
11 Ratings
25% below category average
ScaleFactor
9.7
5 Ratings
24% above category average
Dashboards6.010 Ratings9.55 Ratings
Standard reports6.011 Ratings9.54 Ratings
Custom reports5.710 Ratings10.02 Ratings
General Ledger and Configurable Accounting
Comparison of General Ledger and Configurable Accounting features of Product A and Product B
MYOB
4.8
15 Ratings
43% below category average
ScaleFactor
9.5
5 Ratings
25% above category average
Accounts payable5.915 Ratings10.04 Ratings
Accounts receivable5.915 Ratings9.02 Ratings
Cash management5.314 Ratings9.03 Ratings
Bank reconciliation5.815 Ratings9.55 Ratings
Expense management6.111 Ratings9.55 Ratings
Time tracking6.26 Ratings00 Ratings
Fixed asset management4.88 Ratings00 Ratings
Multi-currency support2.07 Ratings00 Ratings
Multi-division support2.16 Ratings9.04 Ratings
Regulations compliance4.88 Ratings9.54 Ratings
Electronic tax filing5.19 Ratings10.03 Ratings
Self-service portal6.27 Ratings9.04 Ratings
Global Financial Support6.35 Ratings00 Ratings
Primary and Secondary Ledgers5.67 Ratings00 Ratings
Intercompany Accounting2.15 Ratings00 Ratings
Localizations6.35 Ratings00 Ratings
Journals and Reconciliations5.311 Ratings00 Ratings
Enterprise Accounting2.94 Ratings00 Ratings
Configurable Accounting4.88 Ratings00 Ratings
Centralized Rules Framework2.53 Ratings00 Ratings
Standardized Processes5.77 Ratings10.03 Ratings
Inventory Management
Comparison of Inventory Management features of Product A and Product B
MYOB
3.8
8 Ratings
60% below category average
ScaleFactor
9.0
4 Ratings
25% above category average
Inventory tracking6.58 Ratings9.04 Ratings
Automatic reordering2.95 Ratings00 Ratings
Location management2.85 Ratings00 Ratings
Manufacturing module2.85 Ratings00 Ratings
Order Management
Comparison of Order Management features of Product A and Product B
MYOB
6.2
6 Ratings
18% below category average
ScaleFactor
-
Ratings
Pricing6.26 Ratings00 Ratings
Order entry6.26 Ratings00 Ratings
Credit card processing6.25 Ratings00 Ratings
Cost of goods sold6.26 Ratings00 Ratings
Order Orchestration6.24 Ratings00 Ratings
End-to-end order visibility6.24 Ratings00 Ratings
Order exception Resolution6.24 Ratings00 Ratings
Best Alternatives
MYOBScaleFactor
Small Businesses
Dext Prepare (with Receipt Bank)
Dext Prepare (with Receipt Bank)
Score 9.1 out of 10
Dext Prepare (with Receipt Bank)
Dext Prepare (with Receipt Bank)
Score 9.1 out of 10
Medium-sized Companies
Accounting Seed
Accounting Seed
Score 8.3 out of 10
Accounting Seed
Accounting Seed
Score 8.3 out of 10
Enterprises
Oracle Fusion Cloud ERP
Oracle Fusion Cloud ERP
Score 8.2 out of 10
Oracle Fusion Cloud ERP
Oracle Fusion Cloud ERP
Score 8.2 out of 10
All AlternativesView all alternativesView all alternatives
User Ratings
MYOBScaleFactor
Likelihood to Recommend
2.8
(18 ratings)
9.5
(5 ratings)
Likelihood to Renew
9.5
(2 ratings)
-
(0 ratings)
Usability
3.1
(14 ratings)
9.5
(2 ratings)
Support Rating
2.8
(14 ratings)
7.5
(2 ratings)
Implementation Rating
5.0
(1 ratings)
-
(0 ratings)
Ease of integration
1.0
(1 ratings)
-
(0 ratings)
User Testimonials
MYOBScaleFactor
Likelihood to Recommend
MYOB
MYOB is suitable for any business. I have two different businesses and both use MYOB effectively. I use MYOB to pay wages every fortnight for both businesses. This enables me to track exactly what is happening with everyone's different sick leave and holiday entitlements easily. I'm also able to keep track of expenditure and balance and reconcile the accounts against bank statements.
Read full review
ScaleFactor
I work with several businesses and have attempted to bring ScaleFactor into multiple. Thus far the business status/environment has been suitable for ScaleFactor only once, but I'll continue to look for more. ScaleFactor is great when a company has matured beyond the owner making all accounting and banking entries. As soon as multiple systems are needed, it's likely a decent time to call ScaleFactor. I'm confident my operations could run through ScaleFactor for a long time as the next step for us would be something akin to NetSuite or some other more rigid enterprise solution. Additionally, our business has a geographically displaced work force, typically working from home. Having access to all systems via the cloud has been great. No longer do we have to pass a specific computer back and forth for a physical computer software license. It's enabled maximum work flow convenience.
Read full review
Pros
MYOB
  • MYOB is very easy to navigate and find the correct information.
  • The Help section was very straight forward and very easy to learn.
  • MYOB was a great accounting tool for our business as it provided the accountant, sales, etc all of the information they need all in one place.
Read full review
ScaleFactor
  • ScaleFactor has been a great resource for me as I got my business off the ground. They have allowed me to focus on marketing and strategy while they handle my Quickbooks and other accounting needs. Great accounting and finance solutions that don't require you to hire an in-house staff
  • Presenting data clearly.
Read full review
Cons
MYOB
  • [In my opinion,] horrible interface to import data
  • [In my opinion,] user interface stuck in 1995
  • Needs improvement to usability
  • Contestant price increases
  • [In my opinion,] new in-app advertising is annoying
  • Countless different windows to do simple tasks like onboard an employee
  • [In my experience,] too slow
Read full review
ScaleFactor
  • Could connect with All saving accounts i.e. Building society saving aswell as major banks.
  • When a connected bank or savings account hasn't been used for a month or 2 it could show a 0 transaction to keep it updated rather then saying "last updated 3 months ago"
Read full review
Likelihood to Renew
MYOB
Our clients seems hesitant to change softwares so I don't see why we wouldn't be renewing with MYOB
Read full review
ScaleFactor
No answers on this topic
Usability
MYOB
All of the MYOB products are easy to use. Most of our clients use MYOB ACE payroll and Essentials but some of the customers who are proper accounts use a range of products like Account Right MYOB AE/AO, Practice manager, TAX manager, etc. I have never heard of any complaints and the support contacts are always approachable.
Read full review
ScaleFactor
ScaleFactor has been a great resource for me as I got my business off the ground. They have allowed me to focus on marketing and strategy while they handle my Quickbooks and other accounting needs. Great accounting and finance solutions that don't require you to hire an in-house staff.
Read full review
Support Rating
MYOB
MYOB accounting software basically works but looks and functions like 1998. Unfortunately their Antipiracy licensing system is absolutely TERRIBLE and verging on nearly criminal, scam! You must CONFIRM each and every data file and when it doesnt work you have to PAY THEM to fix their own file protection issues. If you dont pay them, they hold your data hostage as your company accounting information file becomes READ ONLY. Permantly, unless you pay them. This is a total extortion SCAM. I cannot believe a company can operate this way. With a lot of better product available... i dont imagine MYOB is going to survive much longer.
Read full review
ScaleFactor
Not sure if support is still available.
Read full review
Alternatives Considered
MYOB
Not even close. Though I will say MYOB had a budget module where Zoho Books doesn't which is one thing severely lacking in Zoho Books. On the other hand, Zoho Books allows for payment processing integration without trying to get a cut from the process whereas MYOB allowed for payment processing but you had to go through their service only and it wasn't cheap.
Read full review
ScaleFactor
Scale factor, can be used like Xero I believe. However all my past data was already stored in Xero so I used it as an add on. It is a lot more user friendly and helpful, i.e. you don't need to be an accountant to use it. However I am not sure it is useable anymore or supported, so i have gone back to using Xero alone.
Read full review
Return on Investment
MYOB
  • It was great when we first started using it but there was a time when MYOB stopped supporting payroll tax tables for Apple computers and so we made the switch.
  • While we were using it staying on top of all of the pesky accounting details was a breeze.
  • We were very detail oriented to begin with and had a thorough understanding of basic accounting principles but anyone without even basic knowledge can quickly set up MYOB and get running fairly quickly and provide detailed reports to their CPA or CFO consultant for a deeper analysis of their business.
Read full review
ScaleFactor
  • They have been fundamental in helping us grow and scale at a relatively low cost in comparison to out-sourcing these functions. We can spend more on other items that can fuel growth while knowing the back end is taken care of.
  • They provide automated supports for key areas like payroll, expenses, etc so that we can quickly get back to focusing on the other items.
Read full review
ScreenShots

ScaleFactor Screenshots

Screenshot of Screenshot of Screenshot of Screenshot of Screenshot of