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Catalyst, by EBM Software

Score7.8 out of 10

3 Reviews and Ratings

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What is Catalyst, by EBM Software?

Catalyst from EBM Software in Minneapolis is a cloud-based business performance application suite, designed to provide an environment and workflow for understanding business profitability.

Categories & Use Cases

Key Features

Learn about the best (and worst!) features Catalyst, by EBM Software has to offer, as determined by TrustRadius' reviewers.
Based on 3 ratings of Catalyst, by EBM Software's features
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Top Performing Features

  • Financial data consolidation

    Consolidating data from several entities into a single statement using US GAAP, IFRS or other standards.

    Category average: 8.3

  • Management Reporting

    Tools facilitating creation of internal ad hoc or standard reports.

    Category average: 8.4

  • Management reporting

    Budget vs. actual or forecast, P&L’s, performance over time, between products etc.

    Category average: 8.5

Areas for Improvement

  • Multi-currency management

    Ability to handle foreign currency conversions during consolidation.

    Category average: 7.4

  • Color-coded scorecards

    Track and analyze performances with interactive, color-coded balanced scorecards.

    Category average: 8.4

  • Intercompany Eliminations

    Matching and elimination of intercompany revenue, expenses, and balance sheet accounts.

    Category average: 7.6

Reviews

What users are saying about Catalyst, by EBM Software.
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Catalyst - the next software your company should purchase!

Incentivized
Mohammed ALLY
Payroll Administrator in Corporate at LEE HECHT HARRISON LLC (1001-5000 employees employees)

Pros

  • Managing invoice duplication - this allows us to know when we have multiples of the same invoice in the system so that we do not pay the invoice twice.
  • Managing invoice status - lets us know if a invoice has been approved in the system or is still out for approval on the approvers que and also if it has been paid or is still pending payment.
  • Creating a new vendor - the system allows and alerts us that there is a new vendor that we have not paid before and lets us set it up so that new vendor can get paid in a timely manner.

Cons

  • The browser closes unexpectedly at times when refreshing the page and you get logged out
  • The incorrect vendor is chosen by Catalyst a few times
  • The Catalyst file is occasionally not placed on time in the folder

Return on Investment

  • Helps to keep our vendors happy
  • Helps to keep our systems updated
  • Helps to manage our expenses

Alternatives Considered

Concur Travel and Expense, ADP SmartCompliance, ADP Workforce Now, Oracle JD Edwards EnterpriseOne and Jobvite

Other Software Used

Oracle JD Edwards EnterpriseOne, Concur Travel and Expense, ADP Workforce Now

Usability

Catalyst is either really good at working or really good at pissing people off.

Incentivized
Verified User
Administrator in Information Technology (11-50 employees employees)

Pros

  • The GUI is easy to navigate on the iPad mini, which we use for charting.
  • The options are simple so there is very little room for mistakes.
  • Charting is easy and the setup allows for necessary fields that must be completed so charting stays uniform.

Cons

  • Technical support very rarely has solid fixes for Catalyst problems. Expect to walk through several hoops before being told it's a known issue.
  • The App development process does not weed out problems before deployment. The last round of updates for Catalyst has left several key features broken with no workarounds.
  • New features are being rolled out over the next several weeks/months leaving the staff frustrated that what worked yesterday has either changed or no longer works today.

Return on Investment

  • Catalyst is better than pencil and paper data analysis. But the app can be very frustrating when it's not working the way it did last week.
  • The GUI is very simple. Sometimes too simple, like there is no way to go back in and edit SOAP note options.
  • New feature roll-outs are mandatory. I understand that no one would opt in to being the guinea pig, but it would be nice if you weren't the first user to try it.
  • The integration with billing software has streamlined the billing notes and saved us money over having two separate systems.

Usability

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