ScaleFactor is a cloud-based business accounting solution suitable for small and midsize companies. It helps businesses to automate complex accounting workflows and translate financial information into actionable insights. Key features include bookkeeping, billing and invoicing, audit and compliance management, expense management and more.
ScaleFactor allows businesses to capture expense details and categorize them under suitable headers. The solution tracks regular cash flow and identifies patterns in daily transactions to notify and alert accountants in case of any abnormalities. Employees can submit their business expenses and check the status of claims online.
The bank reconciliation feature within ScaleFactor allows users to process ACH and paper checks in real time, making sure that the bank reflects current cash availability. The solution integrates with existing HR systems, credit card accounts, CRM and payroll management systems to sync information across applications in real time and helps avoid repetitive data entry.