Compare Xero and FinancialForce ERP - May 2022

Shlomi Lavi

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Bottom Line: Which is Better - Xero or FinancialForce ERP?

FinancialForce ERP is more expensive to implement (TCO) than Xero, and Xero is rated higher (94/100) than FinancialForce ERP (84/100). FinancialForce ERP offers users more features (16) than Xero (13).

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:

Xero Vs. Financial Force

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...

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? Xero or FinancialForce ERP?

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 Xero and FinancialForce ERP.

Xero price starts at $12 per month , On a scale between 1 to 10 Xero is rated 2, which is much lower than the average cost of Core Accounting software. FinancialForce ERP price starts at $175 per month , When comparing FinancialForce ERP to its competitors, the software is rated 2 - much lower than the average Core Accounting software cost.

Bottom line: Xero cost is around the same cost of FinancialForce ERP.

Which software includes more/better features?

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

Xero: 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, Fixed-Assets, Purchase Orders, Data Analysis Tools, Forecasting.

FinancialForce ERP: Budget & Expense Management, Project Management, Resource Management, Project Portfolio Management, Expense Management.

Target customer size

Xero is best for small businesses, freelancers and non-profit organizations. Customers of the software include businesses of all sizes and a variety of types.