Yodlee MoneyCenter Review

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Last updated: Feb 08, 2020

Yodlee MoneyCenter Review

ITQlick rating
(3.2/5)

Starting from $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

Shlomi Lavi / updated: Feb 08, 2020

What is Yodlee MoneyCenter?

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 include budgeting, investment tracking, goal setting, real estate management, reports generation, and bills payment. It was created by Envestnet | Yodlee in 1999. It is based in Redwood City, California operated by up to 5,000 employees. It gained TRUSTe Privacy Verified seal and thawte certified.

Average Rating -

The rating of Yodlee MoneyCenter is 3.2 stars out of 5. The rating is based on ITQlick expert review.

Typical Customers

Customers of the software include small and medium businesses and well as large enterprises. Major industries and domains where it can be used include financial services, retail and wholesale, healthcare and hospitality, government and public administration, and others. Some notable clients of the software include Tiburon Strategic Advisors, Barlow Research Associates Inc, and others.

Features

The software offers comprehensive accounts management with the facility of viewing all the accounts at one place. Different accounts such as retirement, credit card, mortgage, and others can be linked together at the same place. Real-time statics are offered about the money being spent with visualizations such as charts and graphs.

Yodlee MoneyCenter allows transactions to be organized into relevant categories. Customized categories can also be created based on various parameters. Automatic alerts are offered for upcoming billing dates. Other important capabilities include miles and points reward summary, asset and liability tracking, asset allocation, scheduling, budget creation based on spending patterns, and others.

Yodlee MoneyCenter 3 Pros

  • Free
  • Easy to navigate user-interface
  • Supports mobile devices

Yodlee MoneyCenter 2 Cons

  • Limited accounting and finance features
  • Lacks helpful integrations

Competitors & Alternatives

Vena Solutions is a cloud-based accounting, budgeting, and planning software for Excel which serves the same client size and has the same price range as Yodlee MoneyCenter. When features are being compared, Vena Solutions offers more accounting and financial capabilities than Yodlee MoneyCenter including audit trails, predictive analytics, data integration, task automation, multi-format report export, and custom user roles and permissions for data security.

Both have high vendor reputation online but Vena Solution is a better choice than Yodlee MoneyCenter as a money management software because of its wider range of finance capabilities. Mint is a finance management tool for the same client size as Yodlee MoneyCenter.

Mint pricing is at the same range as Yodlee MoneyCenter (starts at free plan). Mint offers similar features as Yodlee MoneyCenter such as budgeting, finance categorization, bills tracking, and financial goal setting. However, Mint has no online payment capabilities, unlike Yodlee Money Center. Both have high customer review ratings online but Mint can be an alternative to Yodlee MoneyCenter.

Yodlee MoneyCenter Pricing Information

The cost of license starting from $350 per month. The experts at ITQlick has reviewed Yodlee MoneyCenter pricing and gave the software a total cost of ownership (TCO) rating of 6.2 out of 10. Custom price cost for your business is available upon request.

Questions to ask the vendor during a demo

Schedule a demo and access 25 must ask questions for the vendor while watching Yodlee MoneyCenter in action

Is it the right software for you?

Yodlee MoneyCenter fits small, medium, and large companies and firms from healthcare and hospitality, financial services, and more. Among its clients are Barlow Research Associates Inc. and Tiburon Strategic Advisors.

Yodlee MoneyCenter Categories

Core Accounting

Specifications

Company:
Address: Redwood City, CA
Customers: Medium business, Large business
Business Area: Customer service, Finance management, Information technology, Other
Platforms: Mobile, Cloud
Operating Systems: Mac OS, Windows, Linux

Yodlee MoneyCenter Features

Accounts Payable
Accounts Receivable
Billing & Invoicing
Budgeting & Forecasting
Tax compliance

Yodlee MoneyCenter Vs. Alternatives

ITQlick rating ITQlick Rating is based on the software score (below) and aggregated online reviews
ITQlick score ITQlick Score is a 1 to 100 score, based on pricing, and functionality Vs. alternative solutions
Pricing score pricing Score is a 1 to 10 score, 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)
Hosting
Functionality score
Fit small business
Fit medium business
Fit large business
Software review
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