Shlomi Lavi / Aug 14, 2020
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Looking for the right Accounting & Finance 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:
Vendor comparison
TIMESOLV CORPORATION: TimeSolv was developed by Elite Online Solutions in 1999 and became an independent company in December 2006. It is now solely focused on providing TimeSolv’s superior online solutions coupled with outstanding customer service. TimeSolv is a privately held corporation and is profitable and debt free.
NetSuite:
NetSuite is the world's leading provider of cloud-based business management software. NetSuite helps companies manage core business processes with a single, fully integrated system covering ERP/financials, CRM, ecommerce, inventory and more.
More than 12,000 high-growth and midsized companies and divisions of large enterprises use NetSuite to run more effectively without the high costs and inefficiency of on-premise systems. By using NetSuite to automate operations, streamline processes and access real-time business information anytime, anywhere, growing businesses realize breakthrough performance improvements.
Pricing/cost comparison
The real cost of Accounting & Finance software includes the software license, subscription fees, software training cost, customization cost, required hardware, and the cost of maintenance & support and other related services. It's critical that you account for all of these costs to gain an understanding of the system's "total cost of ownership". We prepared a total cost calculator for TimeSolv Legal TCO and NetSuite Financials total cost to help with the total cost of ownership calculation.
TimeSolv Legal price Starting from $29.95 Per 5 users/month , on a scale between 1 to 10 TimeSolv Legal is rated 2, which is much lower than the average cost of Accounting & Finance software. NetSuite Financials price Starting from $499 per user/month , when comparing NetSuite Financials to their competitors, the software is rated 2 - much lower than the average Accounting & Finance software cost.
Bottom line: TimeSolv Legal cost is around the same cost of NetSuite Financials.
Features and functionality
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 TimeSolv Legal Vs. NetSuite Financials based on some of the most important and required Accounting & Finance features.
TimeSolv Legal: Version Control, Project Collaboration, Time and Expense Tracking, Archiving and Retention, Document Assembly, Document Tagging, User Access Controls, Time Tracking, ..
NetSuite Financials list of features include the following: Accounts Payable, Audit Trail, Billing & Invoicing, Budgeting & Forecasting, Cash Flow, .
Target customer size
The software has specifically been designed for legal business and law firms and can be used by small and medium businesses, including individual practices and multi-location firms. Netsuite Financials is ideal for businesses of all sizes and has catered to the needs of hundreds of companies.