Compare MultiCHAX and FinancialForce Accounting - Oct 2022

Shlomi Lavi

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Bottom Line: Which is Better - MultiCHAX or FinancialForce Accounting?

MultiCHAX is more expensive to implement (TCO) than FinancialForce Accounting, and MultiCHAX is rated higher (92/100) than FinancialForce Accounting (80/100). FinancialForce Accounting offers users more features (14) than MultiCHAX (3).

Looking for the right Accounting & Finance 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:

Chax, Inc. Vs. Financial Force

Chax, Inc.: CHAX®: The most cost-effective check by phone, check by fax, and check by internet system available. Checks by phone, fax, or e-mail software allows you to enter your customer's check information, print the information on a blank check form, and deposit the check to any U.S. bank for deposit the same day. Now, collecting payments by check has ne...

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? MultiCHAX or FinancialForce Accounting?

The real total cost of ownership (TCO) of Accounting & Finance 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 MultiCHAX and FinancialForce Accounting.

MultiCHAX price starts at $99 per license , On a scale between 1 to 10 MultiCHAX is rated 6, which is similar to the average cost of Accounting & Finance software. FinancialForce Accounting price starts at $9,000 per year , When comparing FinancialForce Accounting to its competitors, the software is rated 4 - lower than the average Accounting & Finance software cost.

Bottom line: MultiCHAX is more expensive than FinancialForce Accounting.

Which software includes more/better features?

We've compared MultiCHAX Vs. FinancialForce Accounting based on some of the most important and required Accounting & Finance features.

MultiCHAX: Data Import/Export, Basic Reports, Online Customer Support.

FinancialForce Accounting: Accounts Payable, Accounts Receivable, Audit Trail, Billing & Invoicing, Budgeting & Forecasting.

Target customer size

Customers of the software mainly include small and medium businesses with backgrounds in various major industries. FinancialForce Accounting is perfect for companies of all sizes, starting from small businesses to large multi-national enterprises.