ProfitCents offers Financial Statement Analysis tools that take financial data and convert it into reports with industry comparisons, ratio, and trend analysis.

Languages supported: English

8.6/10 (Expert Score) ★★★★★
Product is rated as #39 in category Corporate Performance Management (CPM) Software
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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 https://www.profitcents.com/.

ProfitCents
ProfitCents

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Customer Reviews

ProfitCents Reviews

User in Investment Banking

Advanced user of ProfitCents
★★★★★
Pretty powerful tool for organizing financial statements and quick and dirty valuation.

What do you like best?

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.

What do you dislike?

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.

Recommendations to others considering the product:

Don't bother with the analysis tools -- you will probably have to adjust for nonrecurring expenses etc. anyway.

What problems are you solving with the product? What benefits have you realized?

The biggest time-saving aspect of ProfitCents is the ability to host company financials in a secure place.

Review source: G2.com

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