Financial services products are essential for online creators as they automate savings, tax calculations, and payments, allowing creators to focus on their work without financial stress. We'll compare Able and Lumanu to determine which platform best centralizes creator business and enhances financial management.
A Quick Overview of Able and Lumanu
What is Able?
Able is a service designed to help freelancers, independent contractors, and creatives manage their finances. It offers automated savings, real-time tax calculations, and secure record-keeping. Unique features include customizable savings options and bank-level security with 256-bit encryption. The platform is user-friendly, requiring minimal setup while handling bookkeeping and document preparation.
What is Lumanu?
Lumanu provides a master vendor solution to streamline payments for creators, influencers, and contractors. Unique features include seamless integration with existing finance systems, automated payment processes, and comprehensive supplier onboarding. The platform is user-friendly and designed to enhance compliance and tax reporting, making it easier for companies to manage vendor relationships efficiently.
Comparing Able and Lumanu: Features and Pricing
Able Features
Able offers several unique features that cater to freelancers, independent contractors, and creatives.
- Automated Savings: Users can set up automatic savings or confirm savings via text, ensuring they consistently set aside money without manual intervention.
- Real-Time Tax Calculations: Able provides real-time tax calculations based on income, helping users avoid unexpected tax bills.
- Customizable Savings Options: Users can choose who to save from and the percentage to save, offering flexibility in managing their finances.
- Bank-Level Security: Ensures data and money security with 256-bit encryption and FDIC insurance up to $250,000.
- Prepared for Anything: Keeps records and prepares documents to prove income when needed, simplifying the process of financial documentation.
Lumanu Features
Lumanu offers essential features for streamlining payments and onboarding processes for influencers and contractors.
- Master Vendor Solution: Helps marketing teams easily onboard and pay influencers and other contractors.
- Seamless Integration: Works alongside all ERPs and accounts payable systems like Ariba, SAP, Coupa, Oracle, BILL, and APEX Analytics.
- Compliance and Tax Reporting: Takes on compliance and tax reporting for influencers and other contractors.
- Payment Automation: Eliminates 95% of contractor invoices while maintaining visibility, approvals, and budget control.
- Supplier Onboarding: Takes care of all vendor onboarding, verification, and compliance.
Able and Lumanu Similarities
Able and Lumanu both focus on supporting freelancers, independent contractors, and creatives in managing their finances and business operations. They share several key features that make financial management easier and more secure for their users.
- Automated Financial Management: Both platforms offer tools to automate financial tasks, such as savings and tax calculations for Able, and payment processes for Lumanu.
- Security: Emphasize the security of user data and finances, with Able providing bank-level security and FDIC insurance.
- Ease of Use: Aim to simplify complex financial tasks, allowing users to focus on their work rather than administrative burdens.
- Compliance and Tax Reporting: Handle compliance and tax reporting for contractors, ensuring users meet regulatory requirements.
- Integration with Financial Systems: Work alongside existing financial and accounts payable systems to ensure seamless operations.
Able and Lumanu Differences
While both Able and Lumanu offer robust financial management tools for freelancers and contractors, their primary features differ significantly. Able focuses on automated savings and real-time tax calculations, whereas Lumanu excels in payment automation and vendor management.
- Automated Savings: Able allows users to set up automatic savings, a feature not available in Lumanu.
- Master Vendor Solution: Lumanu acts as a single vendor for all influencers, simplifying payments and compliance, which Able does not offer.
- Seamless Integrations: Lumanu integrates with existing ERP and accounts payable systems, a capability not found in Able.
Able and Lumanu Pricing
Both Able and Lumanu do not provide specific pricing details on their respective websites. Able focuses on promoting its features like automated savings and real-time tax calculations without mentioning any subscription plans or discounts. Similarly, Lumanu highlights its capabilities in payment automation and vendor management but does not disclose pricing or subscription options.
Neither platform offers clear information on pricing, making it difficult to determine which has better deals. Users may need to contact each service directly for detailed pricing information.
Why Choose One Over the Other?
Why Choose Able Over Lumanu: A consumer might prefer Able if they are a freelancer or independent contractor who needs automated savings and real-time tax calculations to avoid unexpected tax bills. This platform is ideal for creatives and gig workers who want to simplify their financial management and focus more on their work.
Why Choose Lumanu Over Able: A consumer might opt for Lumanu if they are part of a marketing team or a large enterprise that needs to streamline payments and vendor management for influencers and contractors. This platform is perfect for those who require seamless integration with existing financial systems and comprehensive compliance and tax reporting.
Considering Beacons vs. Able and Lumanu
What is Beacons
Beacons is the all-in-one creator platform designed to help you manage and monetize your online presence effortlessly. With millions of users worldwide, Beacons offers unique features like customizable link-in-bio, AI-powered brand outreach, and integrated email marketing, making it the ultimate tool for creators.
Beacons's Pricing
Pricing Packages
- Free Plan: $0 (Free forever)
- Creator Pro: $8.33 per month (billed annually) or $10 per month (billed monthly)
- Store Pro: $25 per month (billed annually) or $30 per month (billed monthly)
- Business Pro: $75 per month (billed annually) or $90 per month (billed monthly)
Comparing Beacons to Able and Lumanu
Choosing Beacons over Able and Lumanu offers a comprehensive solution for creators looking to manage and monetize their online presence.
- All-in-One Platform: Unlike Able and Lumanu, Beacons combines link-in-bio, email marketing, online store, and media kit features in one place.
- AI-Powered Tools: Beacons leverages AI for brand outreach, email generation, and custom insights, providing advanced automation not found in Able or Lumanu.
- Income Management: Beacons offers an income dashboard and early pay options, ensuring creators can track and receive their earnings promptly.
- Audience Engagement: Features like Audience Manager and Post Activity help creators understand and engage with their fans more effectively.
- Comprehensive Financial Tools: From invoicing to W-9 generation, Beacons covers all financial aspects, surpassing the capabilities of both Able and Lumanu.
For a more detailed comparison, visit Beacons.
What Are the Customers Saying?
Able Reviews
Overall, users have given Able a mixed rating of 3.0 out of 5. While many appreciate the helpfulness of personal coaches and the useful health recommendations, others find the app difficult to navigate and have experienced unauthorized charges and poor customer service.
Stephanie B. Is a great counselor - 5/5 - "Having Stephanie B as a counselor has been very helpful. She always gives great suggestions and helpful tools to use throughout my day." - Ondina Tome
Silent Thieves - Scam - 1/5 - "Do not subscribe to their services. I only agreed for a trial of USD 0.5 and within 2 mins of making that payment was charged an additional USD 78.5. Have been escalating to their customer service which keeps responding that it is a non-refundable service." - Pankaj Motwani
For more reviews, visit Lumanu Reviews.
Lumanu Reviews
Overall, users have given Able a rating of 3.0 out of 5. While some users appreciate the helpfulness of personal coaches and useful health recommendations, others find the app difficult to navigate and have experienced unauthorized charges and poor customer service.
Stephanie B. Is a great counselor - 5/5 - "Having Stephanie B as a counselor has been very helpful. She always gives great suggestions and helpful tools to use throughout my day." - Ondina Tome
Silent Thieves - Scam - 1/5 - "Do not subscribe to their services. I only agreed for a trial of USD 0.5 and within 2 mins of making that payment was charged an additional USD 78.5. Have been escalating to their customer service which keeps responding that it is a non-refundable service." - Pankaj Motwani
For more reviews, visit Lumanu Reviews.
Beacons reviews
Overall, users have given Beacons an impressive rating of 4.9 out of 5. We are thrilled to share some of the positive feedback from our satisfied customers.
Incredible App with Useful Tools - 5/5 - "Incredible app with a bunch of useful creator business tools. Love the email marketing and store apps!" - Christopher Wong
Perfect for Creators - 5/5 - "This is the most useful tool for creators especially when they are starting out. The fact that it is free and paid parts are just things you will need as you grow and gain income is such a perfect example of what these tools should look like." - Bearded IT Guy
Final Decision: Able, Lumanu, or Beacons?
While Able and Lumanu offer valuable financial services for online creators, Beacons stands out as the all-in-one platform that helps you grow your audience and manage your business effortlessly. With its comprehensive tools and user-friendly interface, Beacons is the perfect choice for creators looking to streamline their operations and maximize their potential. Give Beacons a try and see how it can transform your creative journey.
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