Shlomi Lavi /
Oct 04, 2022
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Bottom Line: Which is Better - The Financial Edge or Xero?
The Financial Edge is more expensive to implement (TCO) than Xero, and Xero is rated higher (94/100) than The Financial Edge (80/100). The Financial Edge offers users more features (15) than Xero (13).
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:
Blackbaud Vs. Xero
Blackbaud: Serving the nonprofit and education sectors for 30 years, Blackbaud (NASDAQ: BLKB) combines technology and expertise to help organizations achieve their missions. Blackbaud works with more than 27,000 customers in over 60 countries that support higher education, healthcare, human services, arts and culture, faith, the environment, independent K-12 ...
Xero : Xero was founded in July 2006 by successful technology entrepreneur Rod Drury and specialist small business accountant Hamish Edwards. Xero is listed on the New Zealand Stock Exchange and the Australian Securities Exchange and is a fast growing company with teams in Wellington, Auckland, Melbourne, Sydney, Brisbane, San Francisco, and Milton Keynes...
Who is more expensive? The Financial Edge or Xero?
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 The Financial Edge and Xero.
The Financial Edge price starts at $299 per user/month , On a scale between 1 to 10 The Financial Edge is rated 6, which is similar to the average cost of Accounting & Finance software. Xero price starts at $12 per month , When comparing Xero to its competitors, the software is rated 2 - much lower than the average Accounting & Finance software cost.
Bottom line: The Financial Edge is more expensive than Xero.
Which software includes more/better features?
We've compared The Financial Edge Vs. Xero based on some of the most important and required Accounting & Finance features.
The Financial Edge: this software is considered "feature-rich" with more than 10 important features, here is a partial list: Accounts Payable, Accounts Receivable, Audit Trail, Balance Sheet, Billing & Invoicing, Budgeting & Forecasting, Cash Flow, E-commerce.
Xero: Accounts Payable, Accounts Receivable, Billing & Invoicing, Budgeting & Forecasting, Fixed-Assets.
Target customer size
Financial Edge is ideal software for nonprofits, government agencies, educational institutions and any other type of organization that receives funding from multiple sources. Xero is best for small businesses, freelancers and non-profit organizations.