Compare TRAVERSE and FinancialForce Accounting - Oct 2022

Shlomi LaviShlomi Lavi / Oct 01, 2022

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

TRAVERSE is more expensive to implement (TCO) than FinancialForce Accounting, and FinancialForce Accounting is rated higher (80/100) than TRAVERSE (77/100). TRAVERSE offers users more features (20) than FinancialForce Accounting (14).

Looking for the right Core Accounting 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:

Open Systems, Inc. Vs. Financial Force

Open Systems, Inc.: For over 35 years, Open Systems has collaborated with partners, consultants, and developers to deliver adaptable solutions. Together, our reselling partners, dedicated support staff, and enthusiastic employees stand ready to help you achieve your goals.With adaptable solutions, friendly service, extensive experience, and an ever-present eye on new ...

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? TRAVERSE or FinancialForce Accounting?

The real total cost of ownership (TCO) of Core Accounting 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 TRAVERSE and FinancialForce Accounting.

TRAVERSE price starts at $1,200 per license , On a scale between 1 to 10 TRAVERSE is rated 6, which is similar to the average cost of Core Accounting 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 Core Accounting software cost.

Bottom line: TRAVERSE is more expensive than FinancialForce Accounting.

Which software includes more/better features?

We've compared TRAVERSE Vs. FinancialForce Accounting based on some of the most important and required Core Accounting features.

TRAVERSE: this software is considered "feature-rich" with more than 10 important features, here is a partial list: Accounts Payable, Accounts Receivable, Billing & Invoicing, Budgeting & Forecasting, Cash Flow, Fixed-Assets, General-Ledger, P&L Statement.

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

Target customer size

Traverse is best for small to large sized businesses and enterprises. FinancialForce Accounting is perfect for companies of all sizes, starting from small businesses to large multi-national enterprises.

TRAVERSE

ITQlick rating
(5/5)

starts at $1,200 per license

Traverse is an ERP Software System and a Business Management Solutions program. The software creates modular and economical solutions for enterprise resource planning and business accounting. The software was d...

Categories: Fixed Asset Management, Recurring Billing, Billing & Invoicing, Budgeting & CPM.

FinancialForce Accounting

ITQlick rating
(4/5)

starts at $9,000 per year

FinancialForce Accounting is a cloud-based finance and accounting solution built for sales force companies. Its key features include accounting management, billing and invoicing, financial analysis, reporting a...

Categories: Billing & Invoicing, Core Accounting, Financial reporting, Accounting Practice Management, Medical Accounting.

Compare specifications

Compare features

TRAVERSE: 20 Features

Accounts Payable
Accounts Receivable
Billing & Invoicing
Budgeting & Forecasting
Cash Flow
Fixed-Assets
General-Ledger
P&L Statement
Project-Accounting
Sales Reporting
Tax compliance
Accounting Module
Business Intelligence Module
CRM Module
Human Resources Module
Inventory Management Module
Manufacturing Module
Procurement Module
Project Management Module
Supply Chain Management Module

FinancialForce Accounting: 14 Features

Accounts Payable
Accounts Receivable
Audit Trail
Billing & Invoicing
Budgeting & Forecasting
Credit Card Processing
Depreciation
Fixed-Assets
General-Ledger
Project-Accounting
Purchase Orders
Sales Reporting
Customer Management
Time and Expense Tracking
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
TRAVERSE
ITQlick rating
5/5
Score
77/100
Pricing
6/10
License pricing
$1,200 per license
Functionality
46
Compare
Financia...
ITQlick rating
4/5
Score
80/100
Pricing
5.4/10
License pricing
$9,000 per year
Functionality
19
QuickBoo...
ITQlick rating
4.2/5
Score
99/100
Pricing
5/10
License pricing
$12.50 per month
Functionality
7
Wave Acc...
ITQlick rating
4.4/5
Score
97/100
Pricing
5.6/10
License pricing
Pricing not available
Functionality
8
Zoho Boo...
ITQlick rating
4.4/5
Score
96/100
Pricing
2.4/10
License pricing
$10 per organizer/month
Functionality
9

Auditor - Shlomi Lavi

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Shlomi Lavi is an entrepreneur and founder of ITQlick.com. He holds a Bachelor of Science (B.Sc.) in Information Systems Engineering from Ben Gurion University in Israel. Shlomi brings 17 years of global IT and IS management experience as a consultant and implementation expert for small, medium and large-sized (global) companies. Shlomi’s goal is to share the best knowledge and news about information systems so you can make smarter buying decisions for your business.