Compare FreshBooks vs TRAVERSE

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ITQlick rating ITQlick Rating is based on the software score (below) and aggregated online reviews
ITQlick score ITQlick Score is a 1 to 100, the calculation is based on pricing, and functionality Vs. alternative solutions
Pricing score pricing Score is a 1 to 10 (10 is high cost), based on the TCO (cost of licences, customizations, training, hardware when relevant) Vs. alternative solutions
License pricing license pricing (if provided by the software vendor)
Hosting
Functionality score
Fit small business
Fit medium business
Fit large business
Software review
Compare
FreshBooks
ITQlick rating ITQlick Rating is based on the software score (below) and aggregated online reviews
ITQlick Score
95/100
Pricing score Pricing score ranges between 1 to 10 while 1 is low TCO and 10 is high TCO (TCO - total cost of ownership: cost of licences, customizations, training, hardware when relevant) Vs. alternative solutions
2/10
License pricing license pricing (if provided by the software vendor)
$4.50 per month
Hosting
On premise and Cloud
Functionality score
28
Fit small business
Fit medium business
Fit large business
Software review
TRAVERSE
ITQlick rating ITQlick Rating is based on the software score (below) and aggregated online reviews
ITQlick Score
77/100
Pricing score Pricing score ranges between 1 to 10 while 1 is low TCO and 10 is high TCO (TCO - total cost of ownership: cost of licences, customizations, training, hardware when relevant) Vs. alternative solutions
6/10
License pricing license pricing (if provided by the software vendor)
$1,200 per license
Hosting
On premise and Cloud
Functionality score
46
Fit small business
Fit medium business
Fit large business
Software review
QuickBooks
ITQlick rating ITQlick Rating is based on the software score (below) and aggregated online reviews
ITQlick Score
99/100
Pricing score Pricing score ranges between 1 to 10 while 1 is low TCO and 10 is high TCO (TCO - total cost of ownership: cost of licences, customizations, training, hardware when relevant) Vs. alternative solutions
5/10
License pricing license pricing (if provided by the software vendor)
$12.50 per month
Hosting
Cloud
Functionality score
7
Fit small business
Fit medium business
Fit large business
Software review
Wave
ITQlick rating ITQlick Rating is based on the software score (below) and aggregated online reviews
ITQlick Score
97/100
Pricing score Pricing score ranges between 1 to 10 while 1 is low TCO and 10 is high TCO (TCO - total cost of ownership: cost of licences, customizations, training, hardware when relevant) Vs. alternative solutions
5.6/10
License pricing license pricing (if provided by the software vendor)
$20 per month
Hosting
Cloud
Functionality score
8
Fit small business
Fit medium business
Fit large business
Software review
Zoho
ITQlick rating ITQlick Rating is based on the software score (below) and aggregated online reviews
ITQlick Score
96/100
Pricing score Pricing score ranges between 1 to 10 while 1 is low TCO and 10 is high TCO (TCO - total cost of ownership: cost of licences, customizations, training, hardware when relevant) Vs. alternative solutions
2.4/10
License pricing license pricing (if provided by the software vendor)
$9 per month
Hosting
On premise and Cloud
Functionality score
9
Fit small business
Fit medium business
Fit large business
Software review

FreshBooks Vs. TRAVERSE: Which is better?

Shlomi Lavi / Jul 13, 2020

Looking for the right Core Accounting solution for your business? buyers like you are primarily concerned about the real total implementation cost (TCO), full list of features, vendor reliability, user reviews, pros and cons. in this article we compare between the 2 software products:

Vendor comparison

FRESHBOOKS: FreshBooks is the #1 cloud accounting specialist for small business owners.If you are a service-based business, FreshBooks is designed for you. If you are a lawyer, a marketing agency, a plumber, an interior decorator, an IT professional, a therapist, an architect, a web professional – if you create value for your customers by applying your time and expertise to other people’s problems, thereby running a service-based business - FreshBooks is built specifically for you. We uphold a longstanding tradition of providing extraordinary customer service and building a product that helps save you time, because we know you went into business to pursue your passion and serve your customers - not to learn accounting.

Open Systems, Inc.: For over 35 years, Open Systems has collaborated with partners, consultants, and developers to deliver adaptable solutions. Together, our reselling partners, dedicated support staff, and enthusiastic employees stand ready to help you achieve your goals.With adaptable solutions, friendly service, extensive experience, and an ever-present eye on new technologies, Open Systems is geared to provide you with the best return on your technology investment.

Pricing/cost comparison

The real cost of Core Accounting software includes the software license, subscription fees, software training cost, customization cost, required hardware, and the cost of maintenance & support and other related services. It's critical that you account for all of these costs to gain an understanding of the system's "total cost of ownership". We prepared a total cost calculator for FreshBooks TCO and TRAVERSE total cost to help with the total cost of ownership calculation.

FreshBooks price Starting from $4.50 per month , on a scale between 1 to 10 FreshBooks is rated 2, which is much lower than the average cost of Core Accounting software. TRAVERSE price Starting from $1,200 per license , when comparing TRAVERSE to their competitors, the software is rated 6 - similar to the average Core Accounting software cost.

Bottom line:TRAVERSE is more expensive than FreshBooks.

Features and functionality

As with any business software solutions, it’s important to consider the features & functionality. The tool should support the processes, workflows, reports and needs that matter to your team. To help you evaluate this, we've compared FreshBooks Vs. TRAVERSE based on some of the most important and required Core Accounting features.
FreshBooks: Mobile Access, Accounts Payable, Accounts Receivable, Balance Sheet, Billing & Invoicing, Budgeting & Forecasting, Cash Flow, Depreciation, ..
TRAVERSE list of features include the following: Accounts Payable, Accounts Receivable, Billing & Invoicing, Budgeting & Forecasting, Cash Flow, .

Target customer size

From day one, FreshBooks was intended for Freelancers and small businesses who just don't want to waste their time using Excel or Microsoft Word when invoicing their client. Traverse is best for small to large sized businesses and enterprises.

FreshBooks

ITQlick rating
(4.5/5)

Starting from $4.50 per month

FreshBooks is built for small business owners to get organized and get paid. You'll spend less time billing, and more time getting down to business.FreshBooks is simple and intuitive, so accounting isn't intim...

Categories: Accounting & Finance, Recurring Billing, Billing & Invoicing, Core Accounting, Financial reporting.

TRAVERSE

ITQlick rating
(5/5)

Starting from $1,200 per license

Traverse is an ERP Software System and a Business Management Solutions program. The software creates modular and economical solutions for enterprise resource planning and business accounting. The software was d...

Categories: Fixed Asset Management, Recurring Billing, Billing & Invoicing, Budgeting & CPM, Core Accounting.

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Compare specifications

FreshBooks Specifications

Name: FreshBooks
Company: FRESHBOOKS
Address Toronto, Ontario, Canada
Website:https://www.freshbooks.com/
Platforms: Desktop, Mobile, Cloud

TRAVERSE Specifications

Name: TRAVERSE
Company: Open Systems, Inc.
Address Shakopee, Minnesota, United States
Website:https://www.osas.com/traverse
Platforms: Desktop

Compare features

FreshBooks: 8 Features

Mobile Access
Accounts Payable
Accounts Receivable
Balance Sheet
Billing & Invoicing
Budgeting & Forecasting
Cash Flow
Depreciation

TRAVERSE: 8 Features

Accounts Payable
Accounts Receivable
Billing & Invoicing
Budgeting & Forecasting
Cash Flow
Fixed-Assets
General-Ledger
P&L Statement