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Group Financial Management Tool

Published 02/03/2012 and rated Ratingstars4 4 out of 5 stars
by AppAppeal Editor
What can you use the app for?

Scred is a money management tool intended for groups. The application isn’t limited to a specific industry: groups of any kind can use it to monitor cash flow. Bands, associations, organizations, clubs and anyone else can accept dues or membership fees through Scred. The application also offers an integrated storefront that lets the group sell tickets or merchandise. Income is tracked in real time so the user is always viewing the most recent data. The user can also assign individuals to handle financial tasks for the group. Expense claims can be tracked and paid and all other financial activity recorded. Scred also offers financial reports that are easy to read and intended for everyone, not just financial advisors and accountants.

Scred screenshot
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What is the history and popularity of the app?

Scred was founded in May of 2008 by Kristoffer Lawson and Tuomas Toivonen. The application hasn’t enjoyed enormous popularity, but it is noted by some users as a unique approach to financial management. The service includes everything a group needs to monitor money, earn revenue and keep records. It is also designed to be user friendly, even for those with little to no experience with financial matters. Many also appreciate Scred’s flexibility; it is not intended strictly for very small or very large groups.

What are the differences to other apps?

The main difference between Scred and the many other financial apps out there is the focus on groups. The application isn’t for businesses and it’s not intended for individuals. Scred strikes a unique balance by giving something for the in between groups. Professional groups, such as musicians, performers and others can manage their finances as well as casual groups, such as a handful of friends planning their next weekend trip.

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How does the web app look and feel to use?

Scred utilizes a low key color scheme in multiple shades of green and brown. The design gives the application a relaxed appearance that can help users get comfortable with the intimidating chore of handling finances. The interface is part of what makes Scred so appealing. It is designed for anyone. Users of all experience levels can use Scred to record and retrieve payment and debt records and stay on top of a group’s financial status.

How does the registration process work?

New users can join Scred by clicking the light green “Sign Up” link in the upper, right hand corner of the homepage. The form on the next page asks the user for a username, email address, password and default currency. The user is automatically logged in after successfully submitting the form. Scred directs the user to their dashboard, where they can begin building a profile and accessing all available features.

What does it cost to use the application?

Scred invites everyone to create an account for free. The user can join a group if they like or start a new group. This process is also free. Scred doesn’t charge a subscription fee at this time. No transaction fees are listed on the site and the user does not experience any annoying banner advertisements to make up for it. It’s a pleasant experience all around, however users should keep in mind that fees may be added later.

Who would you recommend the application to?

Scred is an excellent financial resource for groups of any size. The application can offer its services to anyone, from casual collections of friends raising money for a trip, activity or special gift to sports teams, bands and any other collection of two or more people. All the tools the user needs to sell tickets and merchandise, accept registration payments and monitor the group’s finances is packaged into one neat, user friendly application.

  • Reports let users monitor the group's overall financial health
  • Individuals can be added as financial managers
  • Bills can be sent and payments accepted online
  • Reimbursements can be made and tracked
  • Currency is automatically converted

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Scred pricing

FREE - Permanently free version

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