Workforce Ready Vs FinancialForce HCM (May 2021)

Shlomi LaviShlomi Lavi / May 03, 2021

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

FinancialForce HCM is more expensive to implement (TCO) than Workforce Ready, Workforce Ready is rated higher (98/100) than FinancialForce HCM (92/100). Workforce Ready offers more features (16) to their users than FinancialForce HCM (5). There is a clear winner in this case and it is Workforce Ready!

Looking for the right Human Resources 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:

How Kronos Incorporated compares with 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's more expensive? Workforce Ready 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 & support and other related services. When calculating the TCO it's important to add all of these "hidden cost" as well. We prepared a TCO calculator for Workforce Ready and FinancialForce HCM.

Workforce Ready price starts at $6 per user/month , on a scale between 1 to 10 Kronos Workforce Ready is rated 2, which is much lower than the average cost of Human Resources software. FinancialForce HCM accurate pricing info is available upon request (they don't share it publicly), however , on a scale between 1 to 10 Kronos Workforce Ready is rated 2, which is much lower than the average cost of Human Resources software.

Bottom line: Workforce Ready cost is around the same cost of FinancialForce HCM.

Which software includes more/better features?

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 Workforce Ready Vs. FinancialForce HCM based on some of the most important and required Human Resources features. Workforce Ready: this software is considered "feature-rich" with more than 10 important features, here is a partial list: Benefits Administration, HR Management, Payroll, Performance Record, Recruiting, Timesheet, Biometric, Labor Cost Reporting. FinancialForce HCM: HR Management, Payroll, Performance Record, Recruiting, Timesheet.

Target customer size

Kronos Labor force Ready is especially developed for small as well as midsize services who wish to automate a lot of their workforce management processes with great functions like real-time staff member data as well as scheduling. 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.

Workforce Ready

ITQlick rating
(4.1/5)

starts at $6 per user/month

Kronos Workforce Ready is a cloud-hosted human resources system that integrates workforce management and HCM (human capital management) capabilities in one platform. The system covers organizations of all sizes...

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

FinancialForce HCM

ITQlick rating
(3.1/5)

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

Workforce Ready: 16 Features

Benefits Administration
HR Management
Payroll
Performance Record
Recruiting
Timesheet
Biometric
Labor Cost Reporting
Manual Time Entry
Multiple Pay Rates
Offline Timesheets
Online Timesheets
Overtime Calculation
Telephone Time Reporting
Time Categorization
Work History

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
ITQlick rating
4.1/5
Score
98/100
Pricing
2/10
License pricing
$6 per user/month
Functionality
32
Review
Compare
FinancialForce
ITQlick rating
3.1/5
Score
92/100
Pricing
2.2/10
License pricing
Pricing not available
Functionality
23
Namely
ITQlick rating
4.1/5
Score
97/100
Pricing
6.8/10
License pricing
$15 per employee/month
Functionality
22
Review
BambooHR
ITQlick rating
4.5/5
Score
97/100
Pricing
2.2/10
License pricing
$6 per user/month
Functionality
27
Workday
ITQlick rating
4.3/5
Score
97/100
Pricing
6/10
License pricing
$100 per user/year
Functionality
3
Author

Shlomi Lavi

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Shlomi holds a Bachelor of Science (B.Sc.) in Information System Engineering from Ben Gurion University in Israel. Shlomi brings 15 years of global IT and IS management experience as a consultant, and implementation expert for small, medium and large size (global) companies.