The staff goes the extra mile to find answers to customers‘ questions and understand their business needs. Furthermore, Scalefactor provides greater visibility and facilitates good communication among teams, making it easier to collaborate on finances. ScaleFactor founder and chief executive bookkeeping Kurt Rathmann started the company from his living room after working as the CFO for a small business.
ScaleFactor Unveils Visa Card for SMBs, Extends Accounting & Finance Platform into Expense Management
Scalefactor also caters to the needs of businesses by providing advanced accounting knowledge and integrating with various platforms. In summary, Scalefactor serves as an outsourced bookkeeping, tax, and financial department for companies at a fraction of the cost of hiring in-house expertise. ScaleFactor makes online financial software that enables small and medium-sized businesses to automate back-office tasks including bookkeeping and payroll. Business customers pay a flat fee to access the digital tools and services with packages starting at around $6,000 and reaching as high as about $30,000 a year. While ScaleFactor has its roots in accounting and financial management software, its expanding its services, which is where most of the proceeds from the fundraising will go.
How much does ScaleFactor cost?
Austin-based ScaleFactor provides their small business accounting automation platform designed to combine software and expert assistance to SMBs and remove concern for financial, tax and accounting challenges. Scalefactor is a valuable tool for small businesses looking to streamline their accounting processes. Users have found that the software allows CFOs to focus on financial goals https://www.bookstime.com/blog/pandemic-relief-loans rather than getting caught up in daily data entries.
ScaleFactor Pricing-Related Quotes
The ability to track and manage the flow of goods or materials into and out of an inventory.
Alternatives of ScaleFactor
Receive alerts and notifications when you’re away, so you don’t miss out on any crucial updates. ScaleFactor also takes care of reporting and analytics, with all statistics available over a dashboard for round-the-clock access. Explore the key differences to see why it’s the top choice for businesses and individuals. The pricing information for ScaleFactor is sourced either directly from the software provider or publicly available materials. To get the most accurate and up-to-date costs, we advise reaching out to the vendor.
Expense Management
Despite some glitches in the software, users appreciate the proactive troubleshooting efforts of the staff. This platform is particularly recommended for early-stage startups aiming to grow and scale. However, some users have felt oversold on the product, experiencing poor execution that resulted in wasted hours correcting errors. Users have found Scalefactor easy to use and appreciate how it simplifies tasks such as managing invoices, filing taxes, and importing bank statements. By using this software, small businesses can save on the expense of hiring a full-time accountant while maintaining accurate and up-to-date financial records. Onboarding has been efficient and painless for many users, with new features regularly added to enhance functionality.
Who are the primary competitors of ScaleFactor?
Evaluate their features, pricing, and user feedback to find the perfect fit for your needs. Here are the powerful features that make ScaleFactor stand out from the competition. Packed with innovative tools and advanced functionalities, this software offers a range of benefits. Aiming to level the playing field, ScaleFactor and it’s backers say it’s giving small and medium-sized businesses digital tools and insight typically reserved for large enterprises. The ScaleFactor Visa Card announcement comes on the heels of the company’s recent $60 million in series C funding, taking their funding amount to $100 million raised over the past 12 months. Automate repetitive tasks and keep your general ledgers, cash flows and tax calculations up-to-date, so there are no gaps and the latest reports are always available to view.
Trained at KPMG, Rathmann was frustrated by the small business constraints he faced when it came to managing accounting and financing. Obsessing about how to meld the two became his pastime, leading him to form the company in 2014. Six years later ScaleFactor has more than 1,000 customers and scalefactor big names in tech investing as backers.
- ScaleFactor founder and chief executive Kurt Rathmann started the company from his living room after working as the CFO for a small business.
- ScaleFactor is a comprehensive accounting solution that aims to take the busywork out of managing accurate and consistent books.
- Rathmann said the business is evolving into a relationship one in which customers are coming to ScaleFactor for advice on other aspects of the business such as insurance.
- Six years later ScaleFactor has more than 1,000 customers and big names in tech investing as backers.
- Explore the key differences to see why it’s the top choice for businesses and individuals.
Growing company with a great service
Rathmann said the business is evolving into a relationship one in which customers are coming to ScaleFactor for advice on other aspects of the business such as insurance. To capitalize on the deepening relationship between ScaleFactor and its customers, he said the company is developing a lending product that will be available in the fourth quarter. Higher-priced plans include greater automation, payment management, inventory and time tracking, and analytics features.