Yodlee MoneyCenter Review - why 3.2 stars?

Yodlee MoneyCenter Review
ITQlick Score: 90/100
ITQlick Rating: (3.2/5)
Pricing: 6.2/10 - high cost
Category: Accounting & Finance -> Yodlee MoneyCenter
Ranking:Ranked 12 out of 419 Accounting & Finance systems
Company: Yodlee
Pricing: starts at $350 per month
Typical customers: Medium and large size businesses
Platforms: Mobile, Cloud
Links: Yodlee MoneyCenter pricing, Yodlee MoneyCenter alternatives
Shlomi LaviShlomi Lavi / updated: May 19, 2021

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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.

What is Yodlee MoneyCenter rating? ()

The rating of Yodlee MoneyCenter is 3.2 stars out of 5 and the total score is 90 out of 100. The ratings are based on our unbiased experts. Learn more in our rating methodology page

Who are Yodlee MoneyCenter's 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.

Is Yodlee MoneyCenter the best Accounting & Finance?

Yodlee MoneyCenter is ranked 12 out of 419 software in their category (Accounting & Finance systems).

What are their main features and functionalities?

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.

What are Yodlee MoneyCenter's pros? (3 Pros)

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

What are Yodlee MoneyCenter's cons? (2 cons)

  • Limited accounting and finance features
  • Lacks helpful integrations

Who are their main 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.

What is the cost of Yodlee MoneyCenter?

The cost of license starts at $350 per month. On top of the total cost of licenses which is easy to calculate - what is the REAL total cost of implementation? You need to add the cost of training, customization, data migration, and other "hidden cost". ITQlick pricing score is 6.2 out of 10 (10 is most expensive). Find here the REAL total cost breakdown for Yodlee MoneyCenter

What should you ask Yodlee during a demo session? (65 questions)

Schedule a demo with Yodlee MoneyCenter and access 65 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.

List of categories

Core Accounting

List of features

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

Yodlee MoneyCenter Vs. Alternatives

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Author

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.