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TValue Reviews and Ratings

Rating: 9 out of 10
Score
9 out of 10

Community insights

TrustRadius Insights for TValue are summaries of user sentiment data from TrustRadius reviews and, when necessary, third party data sources.

Recommendations

Users have made several recommendations for the software based on their experiences. Firstly, they suggest using the software if you are seeking detailed loan information and want to play around with prospective loan terms. This feature allows users to gain a deeper understanding of their loan obligations. Secondly, users recommend the software for its versatility, particularly when it comes to knowing the breakdown between interest and principle in a loan. This capability enhances financial analysis and decision-making processes. Lastly, reviewers advise researching tutorials online or seeking guidance from experienced professionals before diving into the software. This recommendation highlights the importance of learning how to effectively utilize the application's features.

Reviews

2 Reviews

Easy to use interest calculation program

Rating: 9 out of 10
Incentivized

Use Cases and Deployment Scope

We use TValue to calculate interest on all related party loans on a monthly basis since 2003. It helps simplify the calculation process and is easily modified to forecast future payments. Company files can be saved either online or your local drive, literally just plug in numbers and choose amortization methods and you will have very detailed reports to book your entries.

Pros

  • Can save company profiles online.
  • Easy to use, straight forward.
  • Can choose to print to PDF.

Cons

  • The layout is really outdated compared to other accounting software.

Likelihood to Recommend

For any company that has lots of loans to manage on a monthly basis. Especially if you want to calculate monthly interest accrual ahead of time, it takes few mins to set up a company and generate an amortization schedule. And you can copy and update for other companies. Easy to make changes to the schedule too.

LT
Lin Tang
Staff Accountant in Finance and Accounting at Endurance Capital Management, LLC (11-50 employees)
Vetted Review
TValue
8 years of experience

Using TValue in a simple way, saving us lots of time

Rating: 10 out of 10
Incentivized

Use Cases and Deployment Scope

The Company uses TValue as a tool for calculating and re-calculating amortization schedules. The tool is so helpful because there is a field for each input, and then it provides a quarter over quarter amortization schedule with interest, payments, principal, and other information. It is currently only being used by the corporate accounting department, but it can be useful for other departments.

Pros

  • Calculate large payment schedules
  • Synchronize with Excel
  • Re-calculate payment schedules whenever there is an adjustment

Cons

  • If there are rate changes in-between periods, I don't think it can calculate the interest by days.
  • The software appears to be old-fashioned/out-dated
  • You need someone to train you; hard to learn on your own

Likelihood to Recommend

It's best suited for any department that needs to frequently calculate large payment schedules. If you don't need this that much, then I don't think it's worth the price. You can create a schedule on your own, it will just take more time.

VU
Verified User
Analyst in Finance and Accounting (1001-5000 employees)
Vetted Review
TValue
1 year of experience