CPA Practice Advisor

APR 2016

Today's Technology for Tomorrow's Firm.

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Reviews 10 April 2016 • www.CPAPracticeAdvisor.com PRACTICE MANAGEMENT BEST FIT APS is designed to work with larger frms (50+ employees) that are looking for solid project manage- ment functionality along with time and billing capability. STRENGTHS • Ideally suited for frms with more than 50 employees • Product is completely custom- ized to suit the needs of each frm individually • Excellent integration with third- party applications • Well suited to frms with multiple locations or departments POTENTIAL LIMITATIONS • Not well suited to smaller frms with less stringent customization requirements SUMMARY & PRICING APS Advance Practice Manage- ment is a fexible application that provides very large frms with a custom designed product that can easily integrate with existing frm applications. Larger frms, along with those desiring custom project management capability along with solid time management, billing, and in-depth business intelligence capability would do well to take a moment to more closely examine this reasonably priced custom designed product. APS Advance Practice Manage- ment comes with the core time and billing module, a client contact module, a staf management mod- ule, and a workfow kit, with pricing for these features starting at $300.00 per user. All other modules are sold and implemented separately from the core system. www.CLI-USA.com BEST FIT PowerPM is a hosted practice management product designed for accountants that can be used by other professions as well. Scalable, the product is well suited for frms of just about any size, with the exception of very large frms. STRENGTHS • Completely web-based for quick, easy remote access • Firms can add users and modules as needed • Mobile access increases product accessibility • Of fers e xcel lent repor t i ng opt ions a nd c ustom izat ion capability POTENTIAL LIMITATIONS • Product uses a batch system for entering bills SUMMARY & PRICING For frms requiring the fexibility of a web-hosted product, along with mobile entry capability, and a scalable architecture, PowerPM can be a great ft. PowerPM provides licensing in blocks of fve timekeep- ers with a minimum subscription fee of $200.00 per month. Initial license fees apply upon purchasing the product, and there is a monthly fee for each licensed user. Initial datacenter fees are also charged new customers, with the fees ranging from $1,000 to $2,000, depending on the size of the frm, and the complexity of the data. www.CLI-USA.com BEST FIT A great ft for professional frms that are looking for an easily navigated time and billing sofware solution that can be accessed from anywhere. Practice Management Workspace consolidates information into a single database, helping to elimi- nate duplicate data entry between programs. STRENGTHS • Well-suited for small to mid- sized accounting frms • Excellent scheduling component included in product • Client portal is available • Of fers excel lent integ ration capability with a variety of third- party applications • Of fers t wo versions of the product POTENTIAL LIMITATIONS • Not well-suited for ver y large frms SUMMARY & PRICING OfceTools Practice Management Workspace is as a web-based system (Practice Management Workspace Online), with both products start- ing at $700 for a single user license; $3,000 for a 10-user license. www.OffceTools.com BEST FIT ProSystem fx Practice Management is ideally suited for mid-sized to larger frms that already utilize the ProSystem fx Suite of products in their practice. STRENGTHS • Solid integration w ith other ProSystem fx Suite products • Product ofers excellent manage- ment tools • Available in three levels; Basic, Ofce, and Enterprise • Intuitive data entry throughout the product POTENTIAL LIMITATIONS • Limited integration with third party applications • Requires use of CCH A xcess for cloud capability SUMMARY & PRICING CCH ProSystem fx Practice Management is available in three editions. Te Basic edition starts at around $900.00, with discounts available for those already using other CCH products. Pricing for the Ofce and Enterprise versions are available upon request. For cur- rent CCH ProSystem fx Suite users, adding the Practice Management module makes perfect sense. www.CCHGroup.com Commercial Logic Inc. - APS Advance Practice Management Commercial Logic PowerPM Suite OffceTools - Practice Management Workspace CCH ProSystem fx Suite - Practice Management Read the full review and see expanded ratings for this product online at: www.CPAPracticeAdvisor.com/12191525 Read the full review and see expanded ratings for this product online at: www.CPAPracticeAdvisor.com/12191655 Read the full review and see expanded ratings for this product online at: www.CPAPracticeAdvisor.com/12191656 Read the full review and see expanded ratings for this product online at: www.CPAPracticeAdvisor.com/12191647 4.75 4.5 4.5 4.75 2016 OVERALL RATING 2016 OVERALL RATING 2016 OVERALL RATING 2016 OVERALL RATING

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