Compare Paylocity and FinancialForce HCM - Mar 2022

Shlomi Lavi

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Bottom Line: Which is Better - Paylocity or FinancialForce HCM?

Paylocity is more expensive to implement (TCO) than FinancialForce HCM, and Paylocity is rated higher (94/100) than FinancialForce HCM (92/100). FinancialForce HCM offers users more features (5) than Paylocity (0).

Looking for the right Human Resources solution for your business? Buyers are primarily concerned about the real total cost of implementation (TCO), the full list of features, vendor reliability, user reviews, and the pros and cons. In this article we compare between the two software products:

Paylocity Vs. Financial Force

Paylocity: At Paylocity, our mission is to elevate the profession of Payroll and Human Resources out of the back office and into the boardroom where it belongs. We do this by providing clients with the same caliber Cloud software solutions found in other critical areas such as Sales, Finance, and Operations. One of our primary goals at Paylocity is to ma...

Financial Force: FinancialForce.com is the cloud applications company. We focus 100% on building business applications for Force.com, the world’s leading cloud computing platform from salesforce.com. Our applications include Accounting, Billing, Professional Services Automation (PSA) and Services Resource Planning (SRP). We serve fast-growing organizations as well...

Who is more expensive? Paylocity or FinancialForce HCM?

The real total cost of ownership (TCO) of Human Resources software includes the software license, subscription fees, software training, customizations, hardware (if needed), maintenance and support and other related services. When calculating the TCO, it's important to add all of these ”hidden costs” as well. We prepared a TCO (Total Cost) calculator for Paylocity and FinancialForce HCM.

Paylocity price starts at $5 per employee/month + $500 setup fee , On a scale between 1 to 10 Advanced HR is rated 4, which is lower than the average cost of Human Resources software. FinancialForce HCM price starts at $9,000 per year , When comparing FinancialForce HCM to its competitors, the software is rated 2 - much lower than the average Human Resources software cost.

Bottom line: Paylocity is more expensive than FinancialForce HCM.

Which software includes more/better features?

We've compared Paylocity Vs. FinancialForce HCM based on some of the most important and required Human Resources features.

Paylocity: We are still working to collect the list of features for Paylocity.

FinancialForce HCM: HR Management, Payroll, Performance Record, Recruiting, Timesheet.

Target customer size

Customers of the software include small and medium sized businesses as well as large enterprises. FinancialForce HCM is best for SMBs engages in several industries, including pharmaceuticals, accounting, legal, advertising, insurance, automotive, hospitality, banking, healthcare, broadcasting, engineering, business process outsourcing, e-commerce, and engineering.