novacly vs ScaleXP

Novacly is a financial close, consolidation, reporting and planning platform for finance teams managing 5–50+ entities. Close workflows include task templates, dependencies, deadlines, team assignments, status dashboards and activity audit trails. The platform imports trial balances from CSV, Excel or API sources and supports direct, split, formula and bypass transformation rules. Reports can be selected by entity, period, scenario and layer, filtered by dimensions, drilled down to source transactions, and exported to Excel or PDF. Planning covers driver-based plans, rolling forecasts, actuals-based seeding, cost allocations, and segment submission and approval workflows. An Excel add-in provides 11 custom formulas for retrieving financial data and refreshing it from Excel. AI can suggest account mappings, produce variance commentary, answer natural-language data queries and match intercompany items; users review and decide on its outputs. The maker says data is encrypted at rest with AES-256-GCM and in transit using TLS, with tenant isolation through PostgreSQL Row-Level Security. The product is in beta and has not completed formal compliance audits; the maker advises against using it as a system of record until certifications are achieved.

ScaleXP automates finance operations and month-end workflows for growing companies, including revenue recognition, journal preparation, reporting and consolidation. It supports deferred and accrued revenue workflows and automates related journals. For expenses, it reads bills, suggests prepayment and accrual entries, and posts journals to Xero or QuickBooks. It connects with Xero, QuickBooks Online and Zoho Books, and can combine accounting data across systems, countries and entities without requiring a standard general ledger. CRM integrations include HubSpot, Salesforce and Pipedrive, with Stripe listed for billing. Reporting includes SaaS metrics, reports, dashboards and presentations; Starter includes MRR and ARR, while Growth includes 30+ automated SaaS metrics. The web product also lists approval workflows, an audit trail, multi-entity close and native ERP connectivity. ScaleXP is paid, with plans from £100/mo and a 7-day trial that requires no credit card. Starter is limited to up to 2 users and 200 invoices per month; additional subsidiaries cost extra by plan.