Compare VendorInsight and FinancialForce HCM - Apr 2022

Shlomi Lavi

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Bottom Line: Which is Better - VendorInsight or FinancialForce HCM?

VendorInsight is more expensive to implement (TCO) than FinancialForce HCM, and FinancialForce HCM is rated higher (92/100) than VendorInsight (73/100). FinancialForce HCM offers users more features (5) than VendorInsight (0). There is a clear winner in this case and it is FinancialForce HCM!

Looking for the right Vendor Management 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:

Cost Management Performance Group Vs. Financial Force

Cost Management Performance Group: Contract management, monitoring and alerting ensure you never miss critical contract dates. Risk assessment templates give you proven, reliable and accurate vendor risk assessments every time. Automatic vendor performance reviews and included vendor monitoring for important things like news, regulatory actions, lawsuits, social media, and custom...

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? VendorInsight or FinancialForce HCM?

The real total cost of ownership (TCO) of Vendor Management 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 VendorInsight and FinancialForce HCM.

VendorInsight accurate pricing info is available upon request (they don't share it publicly), however , On a scale between 1 to 10 VendorInsight is rated 6, which is similar to the average cost of Vendor Management 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 Vendor Management software cost.

Bottom line: VendorInsight is more expensive than FinancialForce HCM.

Which software includes more/better features?

We've compared VendorInsight Vs. FinancialForce HCM based on some of the most important and required Vendor Management features.

VendorInsight: We are still working to collect the list of features for VendorInsight.

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

Target customer size

VendorInsight's typical customers include: Small, medium and large size businesses, 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.