Compare Hydra PSA and FinancialForce PSA - Jul 2022

Shlomi Lavi

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Bottom Line: Which is Better - Hydra PSA or FinancialForce PSA?

FinancialForce PSA is more expensive to implement (TCO) than Hydra PSA, and Hydra PSA is rated higher (84/100) than FinancialForce PSA (82/100). FinancialForce PSA offers users more features (10) than Hydra PSA (5).

Looking for the right Professional Services Automation 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:

Hydra Vs. Financial Force

Hydra: At Hydra, we have 20 years of experience, and the unique project resource management software that allows us to deliver consistent solutions that you can have up and running after only one week. We offer business software that optimizes resource utilization while it drives project management standardization. The end result is greater visibility a...

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? Hydra PSA or FinancialForce PSA?

The real total cost of ownership (TCO) of Professional Services Automation 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 Hydra PSA and FinancialForce PSA.

Hydra PSA accurate pricing info is available upon request (they don't share it publicly), however , On a scale between 1 to 10 Hydra PSA is rated 4, which is lower than the average cost of Professional Services Automation software. FinancialForce PSA price starts at $10 per month , When comparing FinancialForce PSA to its competitors, the software is rated 8 - higher than the average Professional Services Automation software cost.

Bottom line: FinancialForce PSA is more expensive than Hydra PSA.

Which software includes more/better features?

We've compared Hydra PSA Vs. FinancialForce PSA based on some of the most important and required Professional Services Automation features.

Hydra PSA: Dashboard, Budgeting & Forecasting, Project Budgeting, Project Portfolio Management, Time and Expense Tracking.

FinancialForce PSA: Budget & Expense Management, Collaboration, Issue Tracking, Project Management, Resource Management.

Target customer size

The software is a flexible solution that can be deployed for the needs of any business size and type. This solution is aimed at companies that have a large number of professionals to manage, businesses that need to automate their entire process of interacting with customers and to manage their financial resources.