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Competitors

Comparison Guide

Equitest vs. ValuSource

The Best ValuSource Alternative in

ValuSource is desktop software built around Word and Excel. Equitest is cloud-native, works anywhere, and puts the complete platform — all methods, all data, 40-chapter reports — into a single subscription.

Watch Live Demo → See All 18 Methods

Why Finance Professionals Are Moving From ValuSource to Equitest

ValuSource has served the US valuation profession for decades. It's the dominant desktop software in the NACVA and ASA credentialing community, and it earns its reputation among credentialed appraisers who work in Word and Excel every day.

But the platform shows its age. It requires separate purchases for software and data, charges per-user fees for additional seats, requires an annual commitment even on "monthly" subscriptions, and generates reports through a Word template assembly process.

Equitest delivers everything ValuSource does — and the full range of capabilities it doesn't — in a cloud-native platform built for how professionals work today.

Side-by-Side Comparison

Desktop legacy + fragmented pricing vs. all-inclusive cloud platform.

Feature ValuSource Equitest Leader
Deployment remove Desktop / Word & Excel only check Cloud — any browser, any OS
Installation Required remove Yes check None
Data Included in Plan remove Separate purchase check Included in all plans
Annual Commitment Required remove Yes (even "monthly" plans) check No — true monthly
Remote / Cloud Access remove check
Report Generation Word template assembly (SyncWarrior) Auto-generated 40-chapter PDF + DOCX
Monte Carlo Simulation remove check 10,000+ scenario runs
DLOM Analysis Basic check 4 quantitative models
DCF Goal-Seek Solver remove check
Tornado Chart remove check
Football Field Chart remove check
Altman Z-Score remove check
IRC §409A Reports remove check IRS-compliant native module
Startup Methods (Berkus, First Chicago, VC) remove check
Divorce & Legal Valuations Damages Advocate (add-on) check Built-in
M&A Transaction Database check Separate purchase check Included
SWOT & Porter's 5 Forces remove check AI-generated
AI Audit Engine remove check
Languages English only check 22 languages
Countries US-focused 152 countries
White-Label Ready remove check Enterprise plan
IVS / USPAP / GAAP / IFRS USPAP-oriented check Full compliance suite

5 Reasons Professionals Choose Equitest Over ValuSource

01 — Cloud vs. Desktop

Work From Anywhere — Not Just One Machine

ValuSource is built around Word and Excel — it installs on a single machine, ties you to local files, and doesn't support remote access, multi-device workflows, or team collaboration in any meaningful way.

Equitest is 100% cloud-native. Log in from any browser, on any device, from anywhere. Your entire valuation library is accessible the moment you open a tab. No installation. No version updates. No IT dependency.

laptop_mac Mac
computer Windows
tablet Tablet
smartphone Mobile
02 — Pricing

One Price That Includes Everything

ValuSource fragments pricing across three product lines — a complete professional setup requires multiple separate purchases. Equitest bundles software, data, and all methods into a single all-inclusive subscription with no hidden add-ons.

03 — Report Generation

Auto-Generated 40-Chapter Reports vs. Word Template Assembly

ValuSource requires the separately purchased SyncWarrior to link Excel data into Word templates — manual field mapping, template configuration, and Word document management every time.

Equitest auto-generates a complete 40-chapter institutional report from your inputs — no templates, no Word dependency, no formatting work. Exports as a professional PDF or branded DOCX instantly.

40 Chapters
35 Pages
PDF Always Free
DOCX Branded Export
04 — Methodology

Modern Quantitative Depth ValuSource Doesn't Offer

→

Monte Carlo Simulation

Not in ValuSource. Equitest runs 10,000+ probabilistic scenarios with confidence intervals.

→

DLOM — 4 Quantitative Models

ValuSource uses a basic discount. Equitest applies Chaffe, Longstaff, Finnerty, and Ghaidarov independently.

→

IRC §409A Module

Standalone IRS-compliant equity compensation report. Not in ValuSource.

→

Startup Methods

Berkus, First Chicago, Venture Capital Method for pre-revenue companies. Not in ValuSource.

05 — Global Reach

Built for the World — Not Just the US Market

ValuSource is US-focused — built around USPAP, US SIC/NAICS codes, and US cost-of-capital data. Equitest supports 152 countries with Damodaran-sourced country risk premia, multi-currency support, and full report output in 22 languages.

22 Languages 152 Countries Damodaran ERP Data IVS + IFRS Compliant
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Who Should Choose Equitest

  • checkPractitioners who work remotely or across multiple devices
  • checkAdvisors who need Monte Carlo, multi-model DLOM, or 409A
  • checkFirms running team-based workflows with multiple practitioners
  • checkInternational practitioners serving non-English-speaking clients
  • checkAnyone who wants all-inclusive pricing with no hidden add-ons

When ValuSource Still Makes Sense

  • chevron_rightYour practice has a deep ValuSource Word template library you rely on daily
  • chevron_rightYou hold NACVA/ASA credentials and use ValuSource for credential-aligned workflows
  • chevron_rightYour firm's IT policy prohibits cloud-based tools

The Bottom Line

ValuSource is the incumbent platform that built the US valuation software market. For credentialed appraisers deeply embedded in its Word/Excel ecosystem, it remains a solid choice. But for everyone who doesn't want to manage desktop installations, pay separately for data, navigate per-user fees, or work within an annual commitment — Equitest is the modern alternative. Cloud-native, all-inclusive, deeper on quantitative methodology, and globally capable from day one.

Cloud-Native. All-Inclusive.

No installation. No annual lock-in. No separate data purchase. Everything included.

Watch Live Demo play_circle See All 18 Methods View Pricing
IVS Compliant USPAP Ready GAAP / IFRS IRC §409A AES-256 Encrypted
Comparison Guide

Equitest vs. Kroll

Institutional Services Firm vs. Self-Serve Valuation Platform

Kroll is the world's largest independent valuation advisory firm — trusted by regulators, asset managers, and PE funds for complex, high-stakes engagements. Equitest is a self-serve cloud platform that delivers institutional methodology depth at a fraction of the cost and without a managed services engagement. Here is how they compare.

Watch Live Demo → See All 18 Methods

An Important Distinction

Kroll is primarily a professional services firm, not a self-serve software product. Comparing them directly requires honesty about what each actually is.

Kroll's valuation platform (REVS and its institutional tools) is designed for large asset managers, PE funds, and regulated financial institutions that need managed valuation workflows embedded in their existing infrastructure. It is enterprise software with enterprise pricing, implementation cycles, and a services layer. Equitest is a fully self-serve platform for independent practitioners, boutique advisory firms, and finance professionals who need institutional-grade methodology without an enterprise engagement. They serve different audience segments — and this comparison focuses on where those audiences overlap.

Why Practitioners Compare Kroll and Equitest

Kroll is the most respected name in independent business valuation. Its methodological credibility — built over nearly a century, with 6,500+ professionals globally and a leading position in Cost of Capital data — is unmatched. When a valuation needs to satisfy a regulator, survive litigation, or pass the scrutiny of a Big 4 audit, Kroll's name carries weight that no software platform can replicate.

But Kroll is a managed services engagement, not a software subscription. You don't log into Kroll and run a valuation. You engage Kroll's team. That means a services contract, a project timeline, and fees that reflect the expertise and independence of the world's largest valuation firm — appropriate for high-stakes institutional work, prohibitive for the broad market of practitioners who need professional valuation output regularly.

Equitest sits in a different position: institutional methodology, transparent calculations, compliance-ready report architecture — in a self-serve cloud platform accessible to any qualified practitioner. For the large majority of professional valuation engagements that don't require a managed services firm, Equitest delivers the depth without the overhead.

Side-by-Side Comparison

Managed valuation services vs. self-serve institutional platform — what each delivers.

Capability Kroll Equitest
Self-serve access — no engagement required remove Managed services model check Full self-serve
Cost structure Professional services fees (project-based) Platform subscription — no per-engagement fee
Time to first report Weeks (engagement setup + delivery) Under 10 minutes
Regulatory credibility & brand recognition check Unmatched — Kroll name carries weight check Platform credibility, practitioner-signed
Proprietary Cost of Capital data (Duff & Phelps) check Industry standard check Damodaran-sourced ERP data
Multiple asset class support (real estate, credit, equity) check Full institutional suite check Business / equity focus
DCF with Sensitivity Analysis check check + Goal-Seek + Tornado Chart
Monte Carlo Simulation check For institutional engagements check 10,000+ scenarios, self-serve
DLOM — quantitative models check Four models applied by experts check Four models: Chaffe, Longstaff, Finnerty, Ghaidarov
IRC §409A native module check Via engagement check Self-serve standalone module
Automated 40-chapter report remove Custom deliverable per engagement check Auto-generated PDF + DOCX
Startup methods (Berkus, First Chicago, VC) remove check
Divorce & legal forensic templates check Via litigation support practice check Built-in
22 languages check Global offices but English-primary reports check
152 countries check Global offices check Platform support
IVS / USPAP / GAAP / IFRS compliance check check
Portfolio / group valuation workflow check Institutional scale check Self-serve
SWOT & Porter's 5 Forces (AI-generated) remove check
AI audit / anomaly detection check Expert review layer check Built-in automated layer
AES-256 encryption check check

5 Reasons Practitioners Choose Equitest Over a Kroll Engagement

01 — Self-Serve vs. Managed Services

Run a Valuation Today, Not in Six Weeks

A Kroll engagement involves a proposal, a services agreement, data collection, analyst work, review cycles, and delivery — a timeline measured in weeks for routine engagements and months for complex ones. This is appropriate when you need Kroll's independence and brand on the cover page. It is not appropriate when a practitioner needs to produce five client valuations this month.

Equitest is fully self-serve. Sign in, enter financials, select methods, export a 40-chapter institutional report. The entire workflow — from blank inputs to finished PDF — takes under 10 minutes for a straightforward engagement. No engagement letter, no project timeline, no waiting.

02 — Cost Structure

Per-Engagement Fees vs. Platform Subscription

Kroll charges professional services fees appropriate for an engagement-based advisory firm of its stature. For a portfolio company needing a quarterly 409A, a CPA firm running 20 valuations a month, or a business broker pricing listings, paying per-engagement fees to a firm of Kroll's size is economically irrational — and Kroll isn't designed for that use case anyway.

Equitest is a platform subscription. The same institutional methodology — DCF, DLOM, Monte Carlo, 409A, 40-chapter report — is available on every engagement, at volume, without per-deliverable fees. For practitioners who produce valuations regularly, the economics are categorically different.

03 — Methodology Transparency

Every Assumption Visible, Every Calculation Traceable

Kroll produces expert-signed valuation reports where the methodology is disclosed at the level appropriate for the engagement context. The underlying models are proprietary to Kroll's practice.

Equitest produces a 40-chapter report where every assumption is documented, every calculation is structured into a named chapter, and every methodology choice is disclosed with the rationale. For practitioners who need to stand behind the analysis themselves — rather than relying on a third-party expert — this transparency is the standard their work requires.

04 — Use Case Breadth

Beyond Institutional PE/VC/Real Estate

Kroll's platform (REVS) is built for institutional asset managers valuing private credit, real estate, and alternative assets at portfolio scale. It is not designed for the solo CPA valuing a dental practice for a divorce proceeding, the startup CFO needing a 409A, or the business broker pricing a main-street business.

Equitest covers all of these: 409A, divorce/legal forensics, SDE multiples for SMB, startup methods, M&A advisory, and portfolio management — in a single self-serve platform designed for the full breadth of professional valuation engagements.

05 — Global Self-Serve Reach

152 Countries Without a Managed Engagement

Kroll operates globally with offices in major financial centres. But accessing Kroll's expertise in a specific jurisdiction means engaging a local office — a managed services process with corresponding timelines and fees.

Equitest supports 152 countries with Damodaran-sourced country risk premia, multi-currency support, and 22-language report output — all accessible self-serve, from any browser, anywhere. For internationally active practitioners who need to produce valuations across jurisdictions on a regular basis, this is the infrastructure that makes it practical.

analytics

Choose Equitest When

  • checkYou need to produce valuation reports regularly without per-engagement advisory fees
  • checkYour engagements are primarily business valuations — not institutional real estate or private credit portfolios
  • checkYou need 409A, startup methods, or divorce/legal forensic templates as self-serve capabilities
  • checkSpeed matters — you need a completed report in minutes, not weeks
  • checkYou are a solo practitioner, CPA firm, M&A boutique, or business broker

Kroll Remains the Right Choice When

  • chevron_rightYou need a third-party independent expert opinion that a regulator, auditor, or court will accept on the strength of the Kroll name
  • chevron_rightYour engagement involves complex multi-asset portfolio valuations at institutional scale (REVS platform)
  • chevron_rightYou need Duff & Phelps Cost of Capital Navigator data, which is Kroll's proprietary dataset
  • chevron_rightYour transaction or reporting requirement specifically mandates a Big 3 advisory firm sign-off
  • chevron_rightYou are a large PE fund or asset manager with an ongoing managed valuation programme

The Bottom Line

Kroll is the world's most credible independent valuation advisory firm — and for engagements where that credibility is the requirement, there is no substitute. But for the large majority of professional valuation work — regular client engagements, 409A, advisory practice work, boutique M&A — Equitest delivers the institutional methodology depth at the speed and economics that practitioners actually need. Self-serve. Transparent. Complete.

Institutional Methodology. Self-Serve Speed. No Engagement Required.

18 methods. DLOM. Monte Carlo. 409A. 40-chapter report. 22 languages. Start today.

Watch Live Demo play_circle See All 18 Methods View Pricing
IVS Compliant USPAP Ready GAAP / IFRS IRC §409A AES-256 Encrypted

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Equitest's Valuation Report - 40 Chapters , 18+ Valuation Methods

  • Discounted Cash Flow (DCF) Valuation Method
  • Ebitda Multiple Valuation
  • Ebit Multiple Valuation
  • Earnings Multiple Valuation
  • Capitalized Earnings Valuation
  • Revenue Multiple Valuation
  • Book Value Multiple Valuation
  • SDE Multiple Valuation
  • Comparable Transactions Valuation
  • Asset Based Valuation
  • Real Options Valuation
  • Venture Capital Method Valuation
  • First Chicago Method Valuation
  • Berkus Method Valuation
  • Football Field Chart Valuation
  • Monte Carlo Simulation Valuation
  • Goal Seek Solver
  • Dcf Growth Assumptions
  • Swot Analysis
  • Porters 5 -Forces
  • Market Analysis
  • Comparable Companies
  • Cost Of Equity-Wacc
  • Equity Risk Premium
  • Probabilistic DCF Monte Carlo
  • Sensitivity Analysis
  • Tornado Chart
  • Growth Analysis
  • Altman Z Score

AI-powered business valuation software trusted by entrepreneurs, investors, and finance professionals worldwide.

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