Compare Xero and The Financial Edge - Oct 2022
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Bottom Line: Which is Better - Xero or The Financial Edge?
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 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. Blackbaud
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...
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 ...
Who is more expensive? Xero or The Financial Edge?
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 The Financial Edge.
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. The Financial Edge price starts at $299 per user/month , When comparing The Financial Edge to its competitors, the software is rated 6 - similar to the average Core Accounting software cost.
Bottom line: The Financial Edge is more expensive than Xero.
Which software includes more/better features?
We've compared Xero Vs. The Financial Edge 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.
The Financial Edge: Accounts Payable, Accounts Receivable, Audit Trail, Balance Sheet, Billing & Invoicing.
Target customer size
Xero is best for small businesses, freelancers and non-profit organizations. Financial Edge is ideal software for nonprofits, government agencies, educational institutions and any other type of organization that receives funding from multiple sources.
The Financial Edge
starts at $299 per user/month
Financial Edge is an accounting system best suited for nonprofits and government agencies. This program has an effective solution for grant management. With the user-friendly interface and specific functionalit...
PriceDemoCompare specifications
Xero Specifications
ITQlick Score: | 94/100 |
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ITQlick Rating: |
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Pricing: | 2/10 - low cost |
Category: | Core Accounting -> Xero review |
Company: | Xero |
Pricing: | starts at $12 per month |
Typical customers: | Small businesses and start ups |
Platforms: | Desktop, Mobile, Cloud |
Links: | Xero review, Xero pricing, Xero alternatives |
The Financial Edge Specifications
ITQlick Score: | 80/100 |
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ITQlick Rating: |
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Pricing: | 6/10 - average cost |
Category: | Accounting & Finance -> The Financial Edge review |
Company: | Blackbaud |
Pricing: | starts at $299 per user/month |
Typical customers: | Small, medium and large size businesses |
Platforms: | Desktop, Mobile, Cloud |
Links: | The Financial Edge review, The Financial Edge pricing, The Financial Edge alternatives |
Compare features
Xero: 13 Features
The Financial Edge: 15 Features
Auditor - Shlomi Lavi
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.