MultiCHAX Vs Yodlee MoneyCenter (May 2021)

Shlomi LaviShlomi Lavi / May 03, 2021

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Bottom Line: Which is Better - MultiCHAX or Yodlee MoneyCenter?

MultiCHAX is more expensive to implement (TCO) than Yodlee MoneyCenter, MultiCHAX is rated higher (92/100) than Yodlee MoneyCenter (90/100). Yodlee MoneyCenter offers more features (5) to their users than MultiCHAX (3).

Looking for the right Accounting & Finance solution for your business? buyers like you are primarily concerned about the real total implementation cost (TCO), full list of features, vendor reliability, user reviews, pros and cons. In this article we compare between the 2 software products:

How Chax, Inc. compares with Yodlee?

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...

Yodlee: Yodlee created the industry’s most scalable and robust personal finance data platform for powering innovation in financial services. Used by over 600 leading financial institutions and companies and more than 40 million consumers, Yodlee’s best-in class solutions remove the friction from financial management, delivering a more insightful, interacti...

Who's more expensive? MultiCHAX or Yodlee MoneyCenter?

The real total cost of ownership (TCO) of Accounting & Finance software includes the software license, subscription fees, software training, customizations, hardware (if needed), maintenance & support and other related services. When calculating the TCO it's important to add all of these "hidden cost" as well. We prepared a TCO calculator for MultiCHAX and Yodlee MoneyCenter.

MultiCHAX price starts at $99 per license , on a scale between 1 to 10 MultiCHAX is rated 6, which is similar to the average cost of Accounting & Finance software. Yodlee MoneyCenter price starts at $350 per month , when comparing Yodlee MoneyCenter to their competitors, the software is rated 6 - similar to the average Accounting & Finance software cost.

Bottom line: MultiCHAX cost is around the same cost of Yodlee MoneyCenter.

Which software includes more/better features?

As with any business software solutions, it’s important to consider the features & functionality. The tool should support the processes, workflows, reports and needs that matter to your team. To help you evaluate this, we've compared MultiCHAX Vs. Yodlee MoneyCenter based on some of the most important and required Accounting & Finance features. MultiCHAX: Data Import/Export, Basic Reports, Online Customer Support. Yodlee MoneyCenter: Accounts Payable, Accounts Receivable, Billing & Invoicing, Budgeting & Forecasting, Tax compliance.

Target customer size

Customers of the software mainly include small and medium businesses with backgrounds in various major industries. Customers of the software include small and medium businesses and well as large enterprises.

MultiCHAX

ITQlick rating
(3.4/5)

starts at $99 per license

MultiCHAX is a check printing solution for small and medium businesses. It manages printing of payables and payroll checks along with MICR coding. The software was developed and launched by CHAX Inc hea...

Categories: Accounting & Finance, Core Accounting.

Yodlee MoneyCenter

ITQlick rating
(3.2/5)

starts at $350 per month

Yodlee MoneyCenter is a cloud-based finance and accounting solution built for small to large companies. It aims to help companies, as well as individuals, manage their finances in one place. Its key features in...

Categories: Core Accounting.

Compare specifications

Compare features

MultiCHAX: 3 Features

Data Import/Export
Basic Reports
Online Customer Support

Yodlee MoneyCenter: 5 Features

Accounts Payable
Accounts Receivable
Billing & Invoicing
Budgeting & Forecasting
Tax compliance
ITQlick rating ITQlick Rating is based on the software score (below) and aggregated online reviews
ITQlick score ITQlick Score is a 1 to 100, the calculation is based on pricing, and functionality Vs. alternative solutions
Pricing score pricing Score is a 1 to 10 (10 is high cost), based on the TCO (cost of licences, customizations, training, hardware when relevant) Vs. alternative solutions
License pricing license pricing (if provided by the software vendor)
Functionality score
Software review
Compare
MultiCHAX
ITQlick rating ITQlick Rating is based on the software score (below) and aggregated online reviews
Score
92/100
Pricing Pricing score ranges between 1 to 10 while 1 is low TCO and 10 is high TCO (TCO - total cost of ownership: cost of licences, customizations, training, hardware when relevant) Vs. alternative solutions
7/10
License pricing license pricing (if provided by the software vendor)
$99 per license
Functionality
5
Compare
Yodlee
ITQlick rating ITQlick Rating is based on the software score (below) and aggregated online reviews
Score
90/100
Pricing Pricing score ranges between 1 to 10 while 1 is low TCO and 10 is high TCO (TCO - total cost of ownership: cost of licences, customizations, training, hardware when relevant) Vs. alternative solutions
6.2/10
License pricing license pricing (if provided by the software vendor)
$350 per month
Functionality
6
Review
Denali
ITQlick rating ITQlick Rating is based on the software score (below) and aggregated online reviews
Score
93/100
Pricing Pricing score ranges between 1 to 10 while 1 is low TCO and 10 is high TCO (TCO - total cost of ownership: cost of licences, customizations, training, hardware when relevant) Vs. alternative solutions
2.6/10
License pricing license pricing (if provided by the software vendor)
$99 per month
Functionality
16
Review
MoneyDesktop
ITQlick rating ITQlick Rating is based on the software score (below) and aggregated online reviews
Score
92/100
Pricing Pricing score ranges between 1 to 10 while 1 is low TCO and 10 is high TCO (TCO - total cost of ownership: cost of licences, customizations, training, hardware when relevant) Vs. alternative solutions
5.2/10
License pricing license pricing (if provided by the software vendor)
Pricing not available
Functionality
4
Intuit
ITQlick rating ITQlick Rating is based on the software score (below) and aggregated online reviews
Score
92/100
Pricing Pricing score ranges between 1 to 10 while 1 is low TCO and 10 is high TCO (TCO - total cost of ownership: cost of licences, customizations, training, hardware when relevant) Vs. alternative solutions
6/10
License pricing license pricing (if provided by the software vendor)
$12.50 per user/month
Functionality
3
Review
Author
Shlomi Lavi - admin

Shlomi Lavi

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Shlomi holds a Bachelor of Science (B.Sc.) in Information System Engineering from Ben Gurion University in Israel. Shlomi brings 15 years of global IT and IS management experience as a consultant, and implementation expert for small, medium and large size (global) companies.