Compare QStrat QLM Sourcing and FinancialForce HCM - Jul 2022

Shlomi Lavi

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Bottom Line: Which is Better - QStrat QLM Sourcing or FinancialForce HCM?

QStrat QLM Sourcing is more expensive to implement (TCO) than FinancialForce HCM, and FinancialForce HCM is rated higher (92/100) than QStrat QLM Sourcing (82/100). FinancialForce HCM offers users more features (5) than QStrat QLM Sourcing (3). There is a clear winner in this case and it is FinancialForce HCM!

Looking for the right Supply Chain 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:

QStrat Vs. Financial Force

QStrat: QStrat is a leader in streamlining manufacturers’ sourcing, costing and sales processes through our electronic procurement software (eRFx solutions). Global manufacturers and distributors in the automotive, life sciences, pharmaceutical, and consumer-packaged goods industries in hundreds of facilities across 22 countries rely on Qstrat to simplify ...

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? QStrat QLM Sourcing or FinancialForce HCM?

The real total cost of ownership (TCO) of Supply Chain 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 QStrat QLM Sourcing and FinancialForce HCM.

QStrat QLM Sourcing accurate pricing info is available upon request (they don't share it publicly), however , On a scale between 1 to 10 QStrat QLM Sourcing is rated 2, which is much lower than the average cost of Supply Chain 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 Supply Chain software cost.

Bottom line: QStrat QLM Sourcing cost is around the same cost of FinancialForce HCM.

Which software includes more/better features?

We've compared QStrat QLM Sourcing Vs. FinancialForce HCM based on some of the most important and required Supply Chain features.

QStrat QLM Sourcing: Data Import/Export, Supplier Qualification, Supplier Risk Management.

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

Target customer size

The software is a viable solution for businesses of all sizes. 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.