Up this month in our School for SaaS tools article series is Spotlight Reporting. Spotlight has a loyal following of business owners who find the features efficient in reporting and data visualization for businesses.
We started this series of posts to compare and contrast the features of various tools like Spotlight with our favourite - Dryrun - to make sure that users can find the cloud tools that are the best fit for their business structures and processes. New to learning about what cloud tools and their integrations can do for your business or non-profit organization? Our SaaS tool articles pick apart questions like: how can this software tool help my business profit and grow? Which cloud tool is right for us? For more info check out our other articles for assessments of the best financial software that the industry has to offer.
We still think that Dryrun is tops in the cash flow industry, and let's face it - managing your cash flow is one of the foundations of your business...so the more attention these types of cloud tools receive from business people and accountants, the better! Therefore, reading more about what other apps offer is never a bad thing – it’s important that users stay apprised of which software might meet their needs.
Here we are: Spotlight Reporting vs. Dryrun!
Spotlight vs. Dryrun
This series of articles has really helped us articulate how each cloud app we review is as unique as its developers. Spotlight Reporting is similar to Fathom as users can create highly visual reports that can summarize or 'spotlight' data. Suitable for businesses that prefer bespoke reporting options beyond what accounting software provides.
Spotlight App Overview
Built for businesses that require numerous visualizations on financial data and to a lesser degree, cash flow, Spotlight Reporting users can build and customize reports in a variety of ways. Spotlight makes data entry easy by integrating with QuickBooks Online and Xero to get live data into the reporting framework.
Dryrun App Overview
The core of Dryrun is the speedy compilation - either manually or imported - of a flexible budget that is easy to understand and that continues forever with no additional effort. Once established, build unlimited cash flow and sales forecasts to help you understand what the future might look like and how you should strategize.
Business owners with highly variable cash flow in industries such as creative/IT, manufacturing, ag, and service firms find Dryrun extremely useful - as do their accountants and bookkeepers. Easy to use, Dryrun is a powerful way to forecast and visualize operational decisions. Users on your account can enter or import their data to create, manipulate and visualize different future 'what-ifs' on Dryrun's platform, easily comparing and contrasting scenarios. Dryrun integrates with both Xero and QuickBooks Online, and day-to-day imports are easy and quick.
Founded in 2011
Head office in Wellington, NZ
Cloud, SaaS, Web
Founded in 2012
Head office in Canada
Cloud, SaaS, Web
|Strength: Builds reports from historical and current financial data; focus on KPIs||Strength: Allows users to build flexible forecasts by comparing multiple scenarios; focus on cashflow|
Forecast: KPI and financial consolidation
Budget: Imported or create your own
Entry price of $37 USD/month
Premier Plan: Gold Plan is $368 USD/month; Enquire for enterprise solutions
28-day Free Trial
Forecast: Cash flow, budget & sales projections
Budget: Custom built budget
Entry price of $29 USD/month when billed annually.
Premier Plan: Advanced Collaboration for Teams/Clients
Account advisor (certain packages only)
Live online support during extended business hours
Knowledge base, Training docs, 1:1 training
Phone and email contact during business hours
|Features: Customizable reports and charts, KPIs, analysis, data import, integrations, trend analysis, org consolidation, multi-currency, executive summary, dashboard, exception reports, sharing flexibility||Features: Powerful and flexible “What If” scenarios, cash flow management and forecasting, ability to map strategic next-moves, build easy recurring budgets, track expenses, automatic data imports, bank reconciliation, billing and invoicing, multi-company, multi-project, prospectives and hypotheticals, business intelligence, version control, PDF/Excel export, easy team collaboration.|
At a glance you can see how Spotlight Reporting and Dryrun approach the role of business intel differently, and how the right data can be used as strategic leverage for your business. Viewing an 'apples to apples' comparison of each's strengths should make it a lot easier to decide which piece of software is a great fit for you.
If your business needs a combination of historical reports and has time and human resources to spend creating bespoke visuals, Spotlight might be the best choice. Need a way to visualize operational next steps? Try Dryrun! We built it to visually forecast unlimited scenarios, then gave you the ability to toggle them for comparison.
In terms of sales forecasting, Dryrun is a game-changer - built to help you model out exactly how each sale can impact your cash flow. The powerful manual control and data entry features work well with its Xero integration, QuickBooks Online (QBO) integration and Pipedrive integration.
Interested? We offer a no-hassle free trial.
Want to read other articles in our School for SaaS Tools Comparison Series? Find them here:
Next up in our series:
Adaptive Insights vs. Dryrun