grow your business with flexible software
February 28, 2022
My company outsources a lot of accounting work, we do not have the resources to handle the work in-house and need to be flexible with our …
ScaleFactor
ScaleFactor
Overview
Recent Reviews
Popular Features
View all 16 featuresBank reconciliation (5)
9.5
95%
Expense management (5)
9.5
95%
Dashboards (5)
9.4
94%
Reviewer Pros & Cons
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Pricing
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What is ScaleFactor?
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.
Entry-level set up fee?
- No setup fee
For the latest information on pricing, visithttps://scalefactor.com/pricing
Offerings
- Free Trial
- Free/Freemium Version
- Premium Consulting / Integration Services
Would you like us to let the vendor know that you want pricing?
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What is MIP Fund Accounting?
MIP Fund Accounting™ is a configurable fund accounting solution. The solution includes functionality for fund accounting, procurement, budgeting, payroll, human resources, timekeeping, fixed asset management, grant management, and dashboards for nonprofits and government agencies.
Features Scorecard
Customization
9.0
90%
Security
9.5
95%
Reporting & Analytics
9.6
96%
General Ledger and Configurable Accounting
9.4
94%
Inventory Management
9.0
90%
Product Details
What is ScaleFactor?
ScaleFactor aims to change the way modern businesses operate by automating complex bookkeeping tasks and translating financial information into usable business insights. As a result, the vendor says they are enabling business owners, managers, and entrepreneurs to focus on what they love: running and growing their business.
The vendor's value proposition is that ScaleFactor is the only back office provider creating a holistic business OS that allows users to manage all of their business financials in one place. Additionally the vendor says ScaleFactor's software gives users access to real-time financial information any time.
ScaleFactor Features
General Ledger and Configurable Accounting Features
- Supported: Accounts payable
- Supported: Accounts receivable
- Supported: Cash management
- Supported: Bank reconciliation
- Supported: Expense management
- Supported: Multi-division support
- Supported: Regulations compliance
- Supported: Electronic tax filing
- Supported: Self-service portal
- Supported: Standardized Processes
Inventory Management Features
- Supported: Inventory tracking
Reporting & Analytics Features
- Supported: Dashboards
- Supported: Standard reports
- Supported: Custom reports
Customization Features
- Supported: Plug-ins
Security Features
- Supported: Single sign-on capability
ScaleFactor Screenshots
ScaleFactor Video
ScaleFactor Integrations
ScaleFactor Competitors
- inDinero
- Bench Accounting
- Pilot
ScaleFactor Customer Size Distribution
| Consumers | 0% |
|---|---|
| Small Businesses (1-50 employees) | 99% |
| Mid-Size Companies (51-500 employees) | 1% |
| Enterprises (more than 500 employees) | 0% |
ScaleFactor Technical Details
| Deployment Types | SaaS |
|---|---|
| Operating Systems | Unspecified |
| Mobile Application | Apple iOS, Android |
| Supported Languages | English |
Comparisons
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Frequently Asked Questions
What is ScaleFactor?
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.
What are ScaleFactor's top competitors?
inDinero are common alternatives for ScaleFactor.
What is ScaleFactor's best feature?
Reviewers rate Accounts payable and Electronic tax filing and Standardized Processes highest, with a score of 10.
Who uses ScaleFactor?
The most common users of ScaleFactor are from Small Businesses (1-50 employees) and the Apparel & Fashion industry.
Reviews and Ratings
(8)
Reviews
(1-5 of 5)- Popular Filters
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February 28, 2022
grow your business with flexible software
My company outsources a lot of accounting work, we do not have the resources to handle the work in-house and need to be flexible with our accounting and finance needs. ScaleFactor has been able to accommodate our needs and modify their ways of working to fit our organization. Their staff is very knowledgeable and willing to work with our accounting and finance staff to help tailor a solution to our business needs. My company has been using ScaleFactor for over a year, and I have been very pleased with the results.
- 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.
- Chatbot not working well.
February 17, 2022
Simplifies Taxes as a great Plugin for Xero
I use Scale factor for my own LTD company, I use it as an addon / plugin to Xero. It helps simplify and speed up the whole process from managing invoices to filing VAT and corporation Tax. It connects to all my bank accounts bar Kent reliance for some reason super speeding up importing statements.
- Connecting accounts, makes sure statements are always up to date.
- Bulk transactions automatically matched for accounting purposes
- helps keep on top of VAT so there isn't the mad panic every quarter
- 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"
Utilizing it has an outsourced bookkeeping services as well as integrator of various platforms such as Gusto, Expensify, Bill.com, and QuickBooks Online.
It supports my need for advanced accounting and QuickBooks software knowledge. Typically an in-house bookkeeper has solid knowledge of either accounting or QuickBooks Online, rarely both. Add in the various other platforms being used and I highly doubt I would find an employee capable of working with all systems while maintaining accounting standards.
It supports my need for advanced accounting and QuickBooks software knowledge. Typically an in-house bookkeeper has solid knowledge of either accounting or QuickBooks Online, rarely both. Add in the various other platforms being used and I highly doubt I would find an employee capable of working with all systems while maintaining accounting standards.
- Advanced cloud based systems integration. Able to link up credit cards, banks, expense management 3rd party systems, payroll, etc.
- Flexible in crafting ways-of-working to fit your organization. Not a "one size fits all" approach. Able to tailor your specific accounting and finance solution.
- On-boarding was a bit rocky at first. Our company accounting practices needed some refinement in that they were a bit onerous. This led to some false starts as we worked with the ScaleFactor team to improve our internal processes and reduce the recurrence of custom QuickBooks accounting.
- Software works great with top to mid tier financial institutions. Though lower tier or less advanced financial institutions can be problematic in their ability to port data into ScaleFactor. Not really a ScaleFactor issue, just a call out.
September 06, 2019
One of our strongest partners for 3+ years.
Across the whole organization. They function as our out-sourced bookkeeping, tax, and Financial department. It allows us to access talented experts as a fraction of what it would cost us to bring this expertise and work output in-house.
- Delivering accurate financials quickly at the close of each month.
- Getting small business's organized and set up for success.
- Providing infrastructure and support at a fraction of the price of in-house talent.
- Need to make sure they strike a balance between automation and hands on service.
September 06, 2019
Growing company with a great service
Bookkeeping, sales analysis, and CPA for the entire organization.
- Presenting data clearly with visual aids that are easy to read, modern and attractive.
- One place for all my information, instead of looking at Quickbooks, sales analysis and reports in three different places.
- Seems to be a constant turnover in my team at ScaleFactor, which means a lot of explaining what our business does and needs again and again. And that means a lot of emails, disorganization and phone calls (Taking my time).
- Chatbot doesn't seem to work well. Never answers the questions I'm in need of for a quick answer!