Shlomi Lavi /
May 24, 2022
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Bottom Line: Which is Better - Electronic Funds Transfer or MultiCHAX?
MultiCHAX is more expensive to implement (TCO) than Electronic Funds Transfer, and MultiCHAX is rated higher (92/100) than Electronic Funds Transfer (62/100). Both tools offer the same amount of features.
Looking for the right Accounting & Finance solution for your business? Buyers are primarily concerned about the real total cost of implementation (TCO), the full list of features, vendor reliability, user reviews, and the pros and cons. In this article we compare between the two software products:
Third Wave Business Systems LLC Vs. Chax, Inc.
Third Wave Business Systems LLC: Third Wave Business Systems specializes in deploying SAP Business One and Microsoft Dynamics GP solutions. Third Wave Business Systems provides software that fits your processes, instead of forcing you to change processes to fit the software. Our clients have found success by thinking outside-the-box - and that's the way we ser...
Chax, Inc.: CHAX®: The most cost-effective check by phone, check by fax, and check by internet system available. Checks by phone, fax, or e-mail software allows you to enter your customer's check information, print the information on a blank check form, and deposit the check to any U.S. bank for deposit the same day.
Now, collecting payments by check has ne...
Who is more expensive? Electronic Funds Transfer or MultiCHAX?
The real total cost of ownership (TCO) of Accounting & Finance software includes the software license, subscription fees, software training, customizations, hardware (if needed), maintenance and support and other related services. When calculating the TCO, it's important to add all of these ”hidden costs” as well. We prepared a TCO (Total Cost) calculator for Electronic Funds Transfer and MultiCHAX.
Electronic Funds Transfer price starts at $19.95 per month , On a scale between 1 to 10 Electronic Funds Transfer (EFT) is rated 2, which is much lower than the average cost of Accounting & Finance software. MultiCHAX price starts at $99 per license , When comparing MultiCHAX to its competitors, the software is rated 6 - similar to the average Accounting & Finance software cost.
Bottom line: MultiCHAX is more expensive than Electronic Funds Transfer.
Which software includes more/better features?
We've compared Electronic Funds Transfer Vs. MultiCHAX based on some of the most important and required Accounting & Finance features.
Electronic Funds Transfer: Data Import/Export, Basic Reports, Online Customer Support.
MultiCHAX: Data Import/Export, Basic Reports, Online Customer Support.
Target customer size
Electronic Funds Transfer's typical customers include: SMBs, Customers of the software mainly include small and medium businesses with backgrounds
in various major industries.