Compare Abacum vs ProfitCents

Summary

Abacum is a collaborative workflow and financial planning platform specially designed for mid-market companies to scale their business through collaboration, automation, and insights observation. Organizations can connect their data sources with the solution to get access to real-time information on financial and operational data in a unified format. Besides, users can leverage the software to update their business plans in an automated way without waiting for the monthly closing. They can also opt for spreadsheets export and import option, containing business-relevant data. Advanced tools such as waterfall & cohort graphs along with performance & pivot tables, etc., helps users execute complicated financial analyses in a seamless manner. Enterprises can tag users to share regular insights via email. Moreover, admins can set automatic reminders within Abacum to receive accurate information in real-time instead of running behind people. The software offers real-time assistance in creating effective workflows facilitating budget controls, it can also be used to add goals, deadlines, milestones and collaborators. ..show more

ProfitCents is a Financial Analysis Software. Using it, advisors, accounting companies, and credit unions can produce narrative reports for financial data particular to their sector. The tool streamlines financial risk analysis processes by identifying firms' strengths and weaknesses. It has a vast list of features such as - The most comprehensive database of current, private firm financial data is used to benchmark organisations. Through a collaborative data approach, ProfitCents combines financial accounts from accounting companies, banks, and credit unions. You obtain precise benchmarking information, 60 ratios and measures, more than 1,400 sectors, simple industry trend insight. One of its most beneficial features is narrative financial analysis - The narrative report is used by advisors to give clients a more comprehensive knowledge of their financial situation. Accounting professionals employ the narrative report, which transforms financial statements into a straightforward narrative text, to assist their clients in making better business decisions. Streamline preliminary analyses and record projected value estimations. Additionally, ProfitCents keeps track of each engagement's risk assessment phase and guarantees that the methodology and reporting are consistent. ..show more

Cash flow Forecasting Helps to measure the financial position of an entity in the future using cash in and cash out of a business

Divisional Analysis Helps to track and monitor the performance of your individual business unit

Industry Analysis Helps to assess the business position against competitors and gain competitive dynamics of an industry

KPI & Metrics Measures the success rate and monitor the performance metrics that matter most to your business.

Market Analysis Helps to measure your industry status in the overall market using quantitative and qualitative data points

Performance Analytics Helps to predict the future performance of a business using Key Performance Indicators (KPI) and other Metrics

Risk Assessment Helps to analyze the potential risk factors that cause harm to the business

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• Microsoft Excel
• Quickbooks
• Xero

Top alternatives to Abacum

Koyfin

Fathom

IndustriusCFO

ReadyRatios

Synoptix

Top alternatives to ProfitCents

Koyfin

Fathom

IndustriusCFO

ReadyRatios

Synoptix