Feature Set Feels Limited, Expensive - Very Unique
I want to give this App 5 Stars, but the most interesting features seem to be limited to the higher cost versions of the App. By App I mean web app. The IOS App is not great.
I like how you are able to enter income streams from different businesses in the details about the business, however, they don’t automatically populate your cash flow summary unless you add as W2 income or create a scenario. Being able to see or customize in the asset settings then have whatever inputs automatically go into cash flow would be sick.
Integrations with many accounts don’t work so it makes the magic box and VIP syncing feature almost mandatory but you have to pay for top tiers.
You can’t go down to micro level to understand individual income streams or expense categories in more depth but I guess that isn’t really what this app is trying to do which is fine. This lack of depth makes another money management tool pretty much essential.
I would love if they could work out an integration with QuickBooks just so that I could have a more accurate view of asset performance. Magic box would probably work for this but I didn’t bother trying as QuickBooks just gives me the information I want directly relatively easily.
Scenarios are cool but not sure why you have to pay more to add different scenarios especially when most of recurring cash flow related to assets doesn’t add automatically. Seems broken.
I like how you are able to enter income streams from different businesses in the details about the business, however, they don’t automatically populate your cash flow summary unless you add as W2 income or create a scenario. Being able to see or customize in the asset settings then have whatever inputs automatically go into cash flow would be sick.
Integrations with many accounts don’t work so it makes the magic box and VIP syncing feature almost mandatory but you have to pay for top tiers.
You can’t go down to micro level to understand individual income streams or expense categories in more depth but I guess that isn’t really what this app is trying to do which is fine. This lack of depth makes another money management tool pretty much essential.
I would love if they could work out an integration with QuickBooks just so that I could have a more accurate view of asset performance. Magic box would probably work for this but I didn’t bother trying as QuickBooks just gives me the information I want directly relatively easily.
Scenarios are cool but not sure why you have to pay more to add different scenarios especially when most of recurring cash flow related to assets doesn’t add automatically. Seems broken.
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Potential for a 5 star app/product
I am a relatively new customer of Vyzer. So far I am optimistically enthusiastic. The product (and app) have a ton of potential—much of which is currently untapped. Their development team does seem to be focused on a lot of “fluff” which is sad and unfortunate; but once they begin focusing on what their customers actually need the product to be I am confident it will be a powerful app/service unlike any others currently on the marketplace.
This iPhone app, for example, is currently nothing more than a read-only snapshot of what’s on the dashboard of the main web app. So pretty much worthless as a useful tool. If you want to get any real value of the Vyzer service, forget downloading the mobile app (for now—at least until it offers 10x more functionality than it does currently.
As for the main web app itself - it’s off to a great start. A ton of potential like I said. But to really gain meaningful traction it will (hopefully soon) have to become FAR more than just a “managed fund” management tool (what it apparently was first created to be), and expand to its real potential—for example:
1) allow for weekly and biweekly automated distributions (particularly from business assets).
2) better forecast and anticipate (using AI?) the regularly distributions of a business asset into a specific bank account
3) allow multiple transactions to be linked to a distribution (right now only one is permitted)
4) improve its cash flow planning tool, fixing multiple open bugs, for example the only asset class currently feeding into it is managed funds and loans
5) fix the debt (personal lending) asset class, which is currently worthless and you must use the managed fund asset class as a workaround (which doesn’t decrease the loan balance so it’s not even a workaround)
6) allow business assets to have automated/regular anticipated distributions (just like a managed fund)—and no “manually creating them” is hardly a good workaround
7) allow far better reporting capabilities and graphs/visual datasets that break down investment returns by asset class and/or show which assets are performing best vs worst, etc
These are just a few basic “low hanging fruit” ideas which seem logical and obvious but are missing from the current web app to make it valuable to investors.
Again, to say nothing of this mobile app I’m reviewing —which is effectively worthless until/unless it can offer basic edit/update/delete etc capabilities as on the mobile app. I will gladly amend my review and update/upgrade the stars of this review as the product improves. I plan to be this company’s biggest advocate and share it with my fellow investors and mentors/mentees (20+) once these basic bugs and feature requests are revised.
This iPhone app, for example, is currently nothing more than a read-only snapshot of what’s on the dashboard of the main web app. So pretty much worthless as a useful tool. If you want to get any real value of the Vyzer service, forget downloading the mobile app (for now—at least until it offers 10x more functionality than it does currently.
As for the main web app itself - it’s off to a great start. A ton of potential like I said. But to really gain meaningful traction it will (hopefully soon) have to become FAR more than just a “managed fund” management tool (what it apparently was first created to be), and expand to its real potential—for example:
1) allow for weekly and biweekly automated distributions (particularly from business assets).
2) better forecast and anticipate (using AI?) the regularly distributions of a business asset into a specific bank account
3) allow multiple transactions to be linked to a distribution (right now only one is permitted)
4) improve its cash flow planning tool, fixing multiple open bugs, for example the only asset class currently feeding into it is managed funds and loans
5) fix the debt (personal lending) asset class, which is currently worthless and you must use the managed fund asset class as a workaround (which doesn’t decrease the loan balance so it’s not even a workaround)
6) allow business assets to have automated/regular anticipated distributions (just like a managed fund)—and no “manually creating them” is hardly a good workaround
7) allow far better reporting capabilities and graphs/visual datasets that break down investment returns by asset class and/or show which assets are performing best vs worst, etc
These are just a few basic “low hanging fruit” ideas which seem logical and obvious but are missing from the current web app to make it valuable to investors.
Again, to say nothing of this mobile app I’m reviewing —which is effectively worthless until/unless it can offer basic edit/update/delete etc capabilities as on the mobile app. I will gladly amend my review and update/upgrade the stars of this review as the product improves. I plan to be this company’s biggest advocate and share it with my fellow investors and mentors/mentees (20+) once these basic bugs and feature requests are revised.
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