ScaleFactor vs Synder

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Our analysts compared ScaleFactor vs Synder based on data from our 400+ point analysis of Accounting Software, user reviews and our own crowdsourced data from our free software selection platform.

ScaleFactor Software Tool

Product Basics

ScaleFactor provides an intuitive module that runs accounting, tax and finance tasks to provide accurate data to businesses and make strategic decisions. Accounting and finance solve how modern companies operate by automating complex accounting tasks and converting financial information into valuable data. It allows capturing expense details and categorizing them. It tracks regular cash flow and keeps a tab on the patterns to identify any abnormalities and notifies the accountants of the same. It seamlessly integrates and syncs information across applications in real time and keeps a tab on the entry to avoid any duplication.
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Synder is a sophisticated software solution designed to streamline accounting tasks, making it particularly beneficial for small to medium-sized businesses across various industries such as e-commerce, retail, and professional services. It excels in automating data entry by seamlessly integrating with multiple payment platforms and accounting systems, ensuring accurate and real-time financial records. Users appreciate its ability to handle multi-currency transactions and detailed financial reporting, which enhances decision-making processes. Synder's standout feature is its synchronization capability, which reduces manual errors and saves time. Compared to similar products, users often highlight its intuitive interface and robust customer support. While specific pricing details are not readily available, potential users are encouraged to contact SelectHub for a tailored pricing quote that aligns with their specific requirements. Overall, Synder offers a compelling blend of efficiency and reliability, making it a valuable asset for businesses seeking to optimize their accounting operations.
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$399 Monthly
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Tailored to your specific needs
$52 Monthly
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Tailored to your specific needs
Small
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Large
Windows
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Linux
Android
Chromebook
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Android
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Cloud
On-Premise
Mobile
Cloud
On-Premise
Mobile

Product Assistance

Documentation
In Person
Live Online
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Live Online
Videos
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Email
Phone
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FAQ
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Knowledge Base
24/7 Live Support
Email
Phone
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FAQ
Forum
Knowledge Base
24/7 Live Support

Product Insights

  • Tax Season Ready: Avoid mismatched transactions and forgotten expenses with books updated in real time. Keep the businesses ready for the tax season. 
  • Better Accuracy: Ensure all data is accurate and the bookkeeping process gets done in a secure and reliable manner with the help of certified accounting experts. 
  • Comprehensive Management: Manage back-office operations like reviewing the team’s expenses, paying bills and double-checking payrolls to ensure everything runs smoothly. 
  • Live Dashboard: Access information that the business needs regarding bookkeeping, be it classifying transactions, updating a general ledger or seeing mobile alerts and notifications via a live dashboard. 
  • Reports: Recognize revenue and account transactions accurately. Use data to help make the right decisions for profit and loss statements, journal entries and balance sheets. 
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  • Time Efficiency: Synder automates repetitive accounting tasks, freeing up valuable time for your team to focus on strategic financial planning and analysis.
  • Accuracy Improvement: By minimizing manual data entry, Synder reduces the risk of human error, ensuring your financial records are precise and reliable.
  • Real-Time Insights: With Synder, you gain immediate access to up-to-date financial data, enabling informed decision-making and agile business responses.
  • Seamless Integration: Synder connects effortlessly with popular platforms like QuickBooks and Xero, streamlining your workflow and maintaining data consistency across systems.
  • Enhanced Cash Flow Management: By providing a clear view of your financial transactions, Synder helps you manage cash flow more effectively, ensuring liquidity and operational stability.
  • Scalability: As your business grows, Synder scales with you, accommodating increased transaction volumes without compromising performance or accuracy.
  • Compliance Assurance: Synder helps maintain compliance with financial regulations by keeping detailed and organized records, simplifying audits and reporting.
  • Cost Reduction: By automating accounting processes, Synder reduces the need for extensive manual labor, lowering operational costs and increasing profitability.
  • Data Security: Synder employs robust security measures to protect sensitive financial information, giving you peace of mind about data privacy and integrity.
  • Customizable Reporting: Generate tailored financial reports that meet your specific business needs, providing insights that drive strategic growth and efficiency.
  • Improved Collaboration: Synder facilitates better communication and collaboration among team members by providing a centralized platform for financial data access and management.
  • Enhanced Customer Experience: By streamlining billing and payment processes, Synder improves customer satisfaction and strengthens client relationships.
  • Reduced Reconciliation Time: Synder simplifies the reconciliation process by automatically matching transactions, saving time and reducing discrepancies.
  • Multi-Currency Support: Manage international transactions effortlessly with Synder's multi-currency capabilities, expanding your business's global reach.
  • Environmental Impact: By digitizing financial processes, Synder reduces paper usage, contributing to a more sustainable and eco-friendly business operation.
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  • Seamless Integration: Integrates with QuickBooks Online and Xero to significantly reduce the time spent on accounting. Give the business time to spend on tasks that matter by eliminating financial bottlenecks. 
  • Virtual Bookkeeping Software: Categorize transactions across the account that are awaiting review or approval. Send them to the designated recipient so the business is up to date with the accounting tasks. 
  • Dashboard: Help the company understand where the money is coming from and where it’s going with an easy-to-navigate dashboard. Give a quick overview of the business’s financial health to devise effective strategies to steer ahead. 
  • Payroll: Leverage Gusto, a full-service payroll processor that runs operations on the same page where the books get managed. Set multiple pay schedules and add all types of employees. Adjust payroll where needed. 
  • Bill Payment: Simplify paying the bills. Forgo entering all details in the payment system. Powered by bill.com, it efficiently manages all payments from the same place where the book gets processed. 
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  • Automated Data Synchronization: Seamlessly integrates with platforms like Shopify, Stripe, and PayPal to automatically sync transaction data into your accounting software.
  • Multi-Currency Support: Handles transactions in various currencies, automatically converting them to your home currency using up-to-date exchange rates.
  • Detailed Transaction Categorization: Offers advanced rules to categorize transactions accurately, ensuring your financial records are organized and precise.
  • Comprehensive Reporting: Generates detailed financial reports, including profit and loss statements, to provide insights into your business's financial health.
  • Sales Tax Management: Automatically calculates and records sales tax for each transaction, simplifying tax compliance and reporting.
  • Customizable Invoicing: Allows you to create and send professional invoices tailored to your brand, with options for recurring billing.
  • Real-Time Inventory Tracking: Monitors inventory levels across multiple sales channels, helping you manage stock efficiently and avoid overselling.
  • Secure Data Handling: Employs robust security measures, including encryption and secure data storage, to protect sensitive financial information.
  • Bank Reconciliation: Facilitates easy reconciliation of bank statements with accounting records, reducing errors and ensuring accuracy.
  • Flexible Payment Options: Supports various payment methods, including credit cards and ACH transfers, to accommodate customer preferences.
  • Advanced User Permissions: Provides customizable access controls, allowing you to assign specific roles and permissions to team members.
  • Comprehensive Audit Trail: Maintains a detailed log of all transactions and changes, ensuring transparency and accountability in financial management.
  • Seamless Integration with Accounting Software: Works smoothly with popular accounting platforms like QuickBooks and Xero, enhancing your existing financial workflows.
  • Custom Rule Creation: Enables you to set up personalized rules for transaction categorization and processing, tailoring the system to your business needs.
  • 24/7 Customer Support: Offers round-the-clock assistance through various channels, ensuring you receive help whenever needed.
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Product Ranking

#55

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Accounting Software

#59

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Accounting Software

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User Sentiment Summary

Great User Sentiment 17 reviews
Excellent User Sentiment 240 reviews
84%
of users recommend this product

ScaleFactor has a 'great' User Satisfaction Rating of 84% when considering 17 user reviews from 1 recognized software review sites.

96%
of users recommend this product

Synder has a 'excellent' User Satisfaction Rating of 96% when considering 240 user reviews from 1 recognized software review sites.

4.18 (17)
4.81 (240)

Awards

No awards.

Synder stands above the rest by achieving an ‘Excellent’ rating as a User Favorite.

User Favorite Award

Synopsis of User Ratings and Reviews

Automated Bookkeeping: ScaleFactor can automatically categorize transactions, reconcile accounts, and generate financial reports, saving businesses time and reducing the risk of errors.
Real-Time Insights: The platform provides real-time financial data, allowing businesses to track their performance and make informed decisions.
Bill Pay: ScaleFactor offers a bill pay feature that allows businesses to easily pay bills electronically, streamlining the accounts payable process.
Tax Compliance: The platform helps businesses stay compliant with tax regulations by automatically calculating and filing sales tax returns.
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Automated Syncing: User reviews highlight Synder's strength in automating transaction data imports and reconciliation across various platforms like Stripe, PayPal, and Shopify. This automation eliminates manual data entry, a common pain point for businesses with accounting needs.
Multi-Platform Integration: Synder integrates with numerous e-commerce and payment platforms, centralizing financial data management for businesses. This streamlines accounting by providing a unified view of transactions from different sources.
Sales and Tax Reporting: The software offers comprehensive sales and tax reporting, simplifying tax season preparation and ensuring accurate financial reporting for businesses. This feature saves time and reduces the risk of errors compared to manual reporting methods.
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Inaccurate Data: Some users have reported that ScaleFactor sometimes pulls in inaccurate data, leading to incorrect financial reports.
Limited Functionality: ScaleFactor may not have all the features that some businesses need, such as advanced inventory management or project accounting.
Customer Support Issues: Some users have expressed frustration with ScaleFactor's customer support, citing slow response times and difficulty getting issues resolved.
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Off-Boarding Challenges: User reviews indicated there were difficulties experienced by some when trying to leave the platform.
Price Fluctuations: Some users expressed frustration with price adjustments, particularly those attributed to external economic factors like inflation.
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Is ScaleFactor a major player or small fry in the accounting software game? Based on user reviews from the past year, ScaleFactor seems to be a bit of a mixed bag. Users appreciate its user-friendly interface, making it a breeze for those without an accounting background to navigate. The software's flexibility is another plus, as it can be tailored to fit the needs of businesses of all shapes and sizes. However, ScaleFactor's price tag is a major drawback, with many users finding it pricier than its competitors. Additionally, the software's limited integration with other business tools can be a dealbreaker for those who rely on a connected ecosystem of applications. ScaleFactor appears to be best suited for small to medium-sized businesses that prioritize ease of use and flexibility in their accounting software and are willing to pay a premium for these features. However, for businesses on a tight budget or those that require seamless integration with other software, ScaleFactor may not be the best fit. Ultimately, the decision of whether or not to use ScaleFactor comes down to weighing its strengths and weaknesses against your specific business needs and budget.

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Is Synder accounting software really all it's cracked up to be? User reviews from the past year suggest that Synder excels at simplifying complex accounting tasks, particularly for businesses with a high volume of online transactions. Users rave about its ability to automate transaction data import from popular platforms like Stripe, Square, and PayPal, eliminating the need for manual entry and reducing the risk of errors. This feature is particularly valuable for businesses that process a large number of transactions, as it saves significant time and effort. However, some users have reported occasional glitches and display issues when using certain browsers. While Synder integrates seamlessly with accounting software like QuickBooks and Xero, some users have expressed a desire for broader native integration with other business tools. Despite these minor drawbacks, Synder is highly regarded for its intuitive interface, robust features, and responsive customer support. Synder is best suited for businesses heavily reliant on e-commerce and online payment platforms. Its automation capabilities, accurate reconciliation features, and support for multiple payment gateways make it an invaluable tool for streamlining financial operations and ensuring accurate bookkeeping. Synder is a game-changer for businesses looking to simplify their accounting processes and gain better control over their financial data.

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