Compare Kronos Workforce and FinancialForce HCM - Mar 2022

Shlomi LaviShlomi Lavi / Mar 12, 2022

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Bottom Line: Which is Better - Kronos Workforce or FinancialForce HCM?

Kronos Workforce is more expensive to implement (TCO) than FinancialForce HCM, and Kronos Workforce is rated higher (95/100) than FinancialForce HCM (92/100). Kronos Workforce offers users more features (15) than FinancialForce HCM (5).

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:

Kronos Incorporated Vs. Financial Force

Kronos Incorporated: It started off with a simple idea: there had to be an easier way to record employee time transactions. And then one innovation led to another and that idea grew into something we now call workforce management.

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? Kronos Workforce 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 Kronos Workforce and FinancialForce HCM.

Kronos Workforce price starts at $6 per employee/month , On a scale between 1 to 10 Kronos Workforce Central is rated 6, which is similar to 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: Kronos Workforce is more expensive than FinancialForce HCM.

Which software includes more/better features?

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

Kronos Workforce: this software is considered "feature-rich" with more than 10 important features, here is a partial list: Appraisal Performance, Benefits Administration, HR Management, LMS, Payroll, Performance Record, Recruiting, Software Customization.

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

Target customer size

More than thousand companies worldwide, use Kronos workforce management tools everyday to effectively manage their employees. 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.



Kronos Workforce

ITQlick rating
(4/5)

starts at $6 per employee/month

Kronos Workforce Management is a cloud-based comprehensive set of Human Resource and workforce management applications including standard ones like HRMS, Payroll, Time and Attendance, Absence Management to name...

Categories: Applicant Tracking, Attendance Tracking, Benefits Administration, Employee Recognition.

FinancialForce HCM

ITQlick rating
(3.1/5)

starts at $9,000 per year

FinancialForce HCM (Human Capital Management) is a fully integrated software solution that helps businesses manage their current and incoming employees, from recruitment until their retirement. The software inc...

Categories: Human Resources, Applicant Tracking, Attendance Tracking, Benefits Administration, Compensation Management.

Compare specifications

Compare features

Kronos Workforce: 15 Features

Appraisal Performance
Benefits Administration
HR Management
LMS
Payroll
Performance Record
Recruiting
Software Customization
Timesheet
Calculation Approval
Flextime Tracking
Labor Cost Reporting
Multiple Pay Rates
Project Time Tracking
Salaried Time Tracking

FinancialForce HCM: 5 Features

HR Management
Payroll
Performance Record
Recruiting
Timesheet
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)
Functionality score
Software review
Compare
Kronos W...
ITQlick rating
4/5
Score
95/100
Pricing
6/10
License pricing
$6 per employee/month
Functionality
30
Compare
Financia...
ITQlick rating
3.1/5
Score
92/100
Pricing
2.2/10
License pricing
$9,000 per year
Functionality
23
Gusto
ITQlick rating
4.7/5
Score
99/100
Pricing
4/10
License pricing
$39 per month
Functionality
20
Review
Workforc...
ITQlick rating
4.1/5
Score
98/100
Pricing
2/10
License pricing
$6 per employee/month
Functionality
32
Workday ...
ITQlick rating
4.3/5
Score
98/100
Pricing
10/10
License pricing
$45 per employee/month
Functionality
3

Auditor - Shlomi Lavi

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Shlomi Lavi is an entrepreneur and founder of ITQlick.com. He holds a Bachelor of Science (B.Sc.) in Information Systems Engineering from Ben Gurion University in Israel. Shlomi brings 17 years of global IT and IS management experience as a consultant and implementation expert for small, medium and large-sized (global) companies. Shlomi’s goal is to share the best knowledge and news about information systems so you can make smarter buying decisions for your business.