TrustRadius: an HG Insights company

SOFI

Score9 out of 10

1 Reviews and Ratings

Get a Demo

What is SOFI?

Categories & Use Cases

Key Features

Learn about the best (and worst!) features SOFI has to offer, as determined by TrustRadius' reviewers.
Based on 1 ratings of SOFI's features
View all features

Top Performing Features

  • Configurable Accounting

    Configure accounting rules and segments for each chart of accounts

    Category average: 7.9

  • Standardized Processes

    Centralize financial management to facilitate standardized financial processes

    Category average: 8

  • Journals and Reconciliations

    Automate and synchronize ledgers and processes

    Category average: 8

Areas for Improvement

  • Accounts receivable

    This includes the management and automation of invoices and collections, with features like statements, invoices, receipts, payment reminders, customer records, auto billing, and refund checks.

    Category average: 8.2

  • Global Financial Support

    Account using multiple ledgers, multiple currencies, and multiple entities

    Category average: 7.8

  • Primary and Secondary Ledgers

    Record and report across multiple currencies and accounting standards with primary and secondary ledgers

    Category average: 7.9

Reviews

What users are saying about SOFI.
View all reviews

SOFI is Sizzling

Verified User
Manager in Sales (51-200 employees employees)

Use Cases and Deployment Scope

The logo looked different than the normal SOFI logo, which is short for Social Finance. They are great for business as they give out the highest APY and you can do up to $2 million FDIC by splitting your money into other banks. Their customer service rocks too and they go above and beyond.

Pros

  • High APY
  • Ability to do your Roth IRA Yearly
  • Good cash back credit card

Cons

  • I wish there were stock charts with #s on x and y axis. So cheap looking
  • Get a full ZACKS rating into every stock
  • Predict future stock price with ai

Return on Investment

  • It gave me a 1% back on my Roth IRA
  • It gives me back 3.8% APY on my Savings Account
  • Allows me to accurately know my net worth

Usability

Alternatives Considered

Hatch

Other Software Used

Chase App, OneDrive, Microsoft SharePoint