Shlomi Lavi /
Jul 14, 2022
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Bottom Line: Which is Better - FinancialForce or Wave Accounting?
FinancialForce is more expensive to implement (TCO) than Wave Accounting, and Wave Accounting is rated higher (97/100) than FinancialForce (82/100). Wave Accounting offers users more features (5) than FinancialForce (0). There is a clear winner in this case and it is Wave Accounting!
Looking for the right Core Accounting 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:
Financial Force Vs. Wave Accounting
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...
Wave Accounting: Wave Accounting is an awesome, cloud-based, integrated software and tools for small businesses. So far, that includes Invoicing, Accounting, Payroll, Payments and more, plus Personal Finance Software, too.
Who is more expensive? FinancialForce or Wave Accounting?
The real total cost of ownership (TCO) of Core Accounting 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 FinancialForce and Wave Accounting.
FinancialForce price starts at $9,000 per year , On a scale between 1 to 10 FinancialForce is rated 8, which is higher than the average cost of Core Accounting software. Wave Accounting accurate pricing info is available upon request (they don't share it publicly), however , On a scale between 1 to 10 FinancialForce is rated 8, which is higher than the average cost of Core Accounting software.
Bottom line: FinancialForce is more expensive than Wave Accounting.
Which software includes more/better features?
We've compared FinancialForce Vs. Wave Accounting based on some of the most important and required Core Accounting features.
FinancialForce: We are still working to collect the list of features for FinancialForce.
Wave Accounting: Accounts Payable, Accounts Receivable, Balance Sheet, Billing & Invoicing, Tax compliance.
Target customer size
FinancialForce's typical customers include: Medium and large size businesses, Wave Accountancy is perfect for small to medium companies with 9 or much less workers.