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ProfitCents Reviews & Product Details

ProfitCents is a web-based financial analysis tool used by consultants, accounting professionals, and outsourced CFOs to help their business clients better understand their financial performance. The technology produces easy-to-understand narrative and benchmarking reports that explain the business's strengths and weaknesses relative to past and peer performance. The toolset also includes forecasting capabilities to help accounting firms develop consulting relationships with clients. Learn more at profitcents.com.

Seller

Abrigo

Discussions

ProfitCents Community

Languages Supported

English

Overview by

Heather Smith

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Ian B.

Sales Engineer

Telecommunications

Mid-Market (51-1000 emp.)

9/8/2023

"Deep Financial Insight"

4.5/5

What do you like best about ProfitCents?

It offers for generating reports and the ability to sync projection analysis reports. I cant find anything to dislike about this platform. the interface with QB might not be the simplest it still gets the job done. The minor issue is that sometimes certain percentage-based numbers dont add up perfectly. Review collected by and hosted on G2.com.

What do you dislike about ProfitCents?

The analysis requires some adjustments. the reports benefit from planning strategies for business improvement. Review collected by and hosted on G2.com.

Kumar A.

Academic Manager

Mid-Market (51-1000 emp.)

12/20/2021

"Financial Reports creator for Client Relationship Management !"

4.5/5

What do you like best about ProfitCents?

Its report generator is perfect and provides a deep insight into the customer's financials or the consultant for which the user needs to generate the reports. This system use industry data to build the vale with the client. Various types of ratios and matrices will be used for fast calculations. It also generates narrative reports and graphics which show the multiple trends of financial statements. Review collected by and hosted on G2.com.

What do you dislike about ProfitCents?

Projection analysis reports need to synchronize with the real-time organizational data and take time to compile. Overall this system has various attributes for report generation, and users need to understand once the usage of information and then the report to be generated. Review collected by and hosted on G2.com.

Recommendations to others considering ProfitCents:

For single-stop accounts management and expenses management. It helps in the generation of MIS reports of various financial. It also helps in the Client's organization valuation, which helps in retaining the clients and management of their accounts. Review collected by and hosted on G2.com.

What problems is ProfitCents solving and how is that benefiting you?

For audit and reviews of the company's financial data, this system is used as a mandatory tool. It generates the various reports utilized by the chartered accountant for rational industrial valuation and expense manaemetn. It helps in retaining the clients and providing more value to their firms. It is perfect for importing client data and cash flow management. Various accounting software can also be integrated with this tool. The reports can also be downloaded in excel for better analytics. Review collected by and hosted on G2.com.

Lisa S.

Chief Managing Officer

Small-Business (50 or fewer emp.)

11/30/2021

"ProfitCents making sense"

5/5

What do you like best about ProfitCents?

Industry comparisons are my favorite part. Review collected by and hosted on G2.com.

What do you dislike about ProfitCents?

Mapping to QBO each import seems clunky. Review collected by and hosted on G2.com.

Recommendations to others considering ProfitCents:

Industry benchmarking is a terrific tool when advising clients. Profitcents uses it and plain English to help us communicate impactfully. Review collected by and hosted on G2.com.

What problems is ProfitCents solving and how is that benefiting you?

I am able to advise clients in plain English, not focusing so much on the figures, but on the solutions to their problems. Review collected by and hosted on G2.com.

Dan C.

President, Organizational Developer

Small-Business (50 or fewer emp.)

3/25/2022

"ProfitCents Strengths"

4/5

What do you like best about ProfitCents?

Strong data analysis and graphic presentation. Review collected by and hosted on G2.com.

What do you dislike about ProfitCents?

The focus seems to be on this service being provided by a CPA. Review collected by and hosted on G2.com.

Tim H.

Senior Tax Accountant

Small-Business (50 or fewer emp.)

10/21/2021

"Profit cents brings the profit in profitcents"

5/5

What do you like best about ProfitCents?

The analytics aspect of the software program Review collected by and hosted on G2.com.

What do you dislike about ProfitCents?

There is nothing to dislike on this platform Review collected by and hosted on G2.com.

Verified User in Financial Services

Mid-Market (51-1000 emp.)

10/5/2021

"Benchmarking data with precision and accuracy."

3/5

What do you like best about ProfitCents?

It provides accessible insights and a graphic representation of the strengths and weaknesses of company financials. Review collected by and hosted on G2.com.

What do you dislike about ProfitCents?

It does not offer a free trial, and the user interface is not friendly. Review collected by and hosted on G2.com.

Verified User in Accounting

Small-Business (50 or fewer emp.)

8/25/2021

"Very good forecasting software"

4/5

What do you like best about ProfitCents?

The flexibility and fact that it is done in excel makes it very easy to forecast numbers Review collected by and hosted on G2.com.

What do you dislike about ProfitCents?

The interface with QB is not easy. It doesn't work all the time Review collected by and hosted on G2.com.

Verified User in Investment Banking

Small-Business (50 or fewer emp.)

3/30/2018

"Pretty powerful tool for organizing financial statements and quick and dirty valuation."

4.5/5

What do you like best about ProfitCents?

The biggest pro of ProfitCents is being able to store company financials in a centralized, secure place. The analysis tools can also be helpful, but their formulaic nature makes them very inaccurate sometimes. Review collected by and hosted on G2.com.

What do you dislike about ProfitCents?

The valuation tools are almost useless for client-facing work because you have no transparency on how things are being calculated. It is much much easier to just build the model yourself than to try and scrub the numbers that you get from a one-size-fits-all approach like this. Review collected by and hosted on G2.com.

Recommendations to others considering ProfitCents:

Don't bother with the analysis tools -- you will probably have to adjust for nonrecurring expenses etc. anyway. Review collected by and hosted on G2.com.

What problems is ProfitCents solving and how is that benefiting you?

The biggest time-saving aspect of ProfitCents is the ability to host company financials in a secure place. Review collected by and hosted on G2.com.

Verified User in Marketing and Advertising

Mid-Market (51-1000 emp.)

1/25/2017

"I have had a positive experience overall with ProfitCents. "

4/5

What do you like best about ProfitCents?

the projections tool. It helps me create a forecast and prepare for “what if” scenarios, and even calculate informal valuations Review collected by and hosted on G2.com.

What do you dislike about ProfitCents?

data overload and the projection tool utilizes the more advanced features of Excel only available on a PC, it isn’t available for Mac without a custom work around. Review collected by and hosted on G2.com.

Recommendations to others considering ProfitCents:

ProfitCents help you make easy means to create narrative financial health reports, projections, and industry-specific trends and ratio benchmarks for their clients. Review collected by and hosted on G2.com.

What problems is ProfitCents solving and how is that benefiting you?

ProfitCents is great for importing your clients’ data to analyze it and help me project into the future. This helps my business' future road-map Review collected by and hosted on G2.com.

Bradley P.

Valuation/Litigation Support Staff

Accounting

Mid-Market (51-1000 emp.)

3/10/2016

"Solid Industry Financials"

4.5/5

What do you like best about ProfitCents?

Simple, easy to navigate interface. Easily modifiable search parameters; where some industry data sites only allow you to segment an industry based on their asset/sales/other metrics, ProfitCents allows you to create your own query pools based on public v. private, geographical region, custom sales ranges, etc. Data is consistent and reliable. Review collected by and hosted on G2.com.

What do you dislike about ProfitCents?

My only real complaint about the product is that percentage-basis numbers that should all add up to 100% (common size balance sheet/income statement measures) often don't. It's not a huge issue, but when using this data for litigation or other highly sensitive purposes, it creates a bit of doubt in the back of the mind of third parties about how reliable the data is. Review collected by and hosted on G2.com.