ProfitCents

(3)
4.3 out of 5 stars

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

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ProfitCents review by Bradley P.
Bradley P.
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"Solid Industry Financials"

What do you like best?

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.

What do you dislike?

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.

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

A quintessential tool for business valuation and litigation consulting professionals.

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ProfitCents review by User
User
Validated Reviewer
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"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 business 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.

What Corporate Performance Management (CPM) solution do you use?

Thanks for letting us know!
ProfitCents review by User in Marketing and Advertising
User in Marketing and Advertising
Validated Reviewer
Review Source

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

What do you like best?

the projections tool. It helps me create a forecast and prepare for “what if­­­” scenarios, and even calculate informal valuations

What do you dislike?

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.

Recommendations to others considering the product

ProfitCents help you make easy means to create narrative financial health reports, projections, and industry-specific trends and ratio benchmarks for their clients.

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

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

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