Administration and accounting may come first alphabetically, but they rarely top the list of things we enjoy—even for the most experienced entrepreneur. Adda and Freshbooks each provide an AI-powered platform that can assist with these more tedious aspects of business management.
These apps are paid, but could save time and, if the systems are implemented effectively, could improve accuracy in taking payments.
Where one is aimed at a specific industry (ADDA and apartment complex management), the other would be particularly attractive for any small businesses. But it's safe to say larger companies with multiple sites might work better using these platforms at each site.
Both apps have an accounting function. However, Adda’s is limited as it focuses on ‘society management’ within apartment and condominium complexes. The accounting function it provides is simply billing, though the simplicity of the task doesn't reflect the difficulty of handling rental payments at scale.
In the same sense, though, Adda is unique. The digital gatekeeper and clubhouse manager functions allow the app to manage, store and share guest and staff clock-in information and allow the booking and archiving of leisure facility sessions. You can see how these features work using the informative model on its website.
Freshbooks is pretty famous for its accounting capabilities. It does your books for you, and quickly. But it can do a whole lot more. The app also offers functions that let you easily manage payroll, track expenses, send invoices, and even file taxes with professional assistance.
Freshbooks does anticipate that its software is primarily used by small businesses, so it offers easy connectivity with banking apps such as the HSBC app. If you're a business owner who currently runs your own accounts with an eclectic system of different apps, this is one transition to look forward to.
