Shlomi Lavi /
Jan 26, 2023
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Bottom Line: Which is Better - XLReporting or OpenBooks?
OpenBooks is more expensive to implement (TCO) than XLReporting, and XLReporting is rated higher (80/100) than OpenBooks (62/100). XLReporting offers users more features (5) than OpenBooks (3). There is a clear winner in this case and it is XLReporting!
Looking for the right Budgeting & CPM 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:
XLReporting Vs. IRIS
XLReporting: We are a small team of finance and IT experts, specialized in financial reporting and planning processes.
Lots of companies depend on complex and fragile Excel solutions for their reporting, consolidation, and budgeting. We help our clients to move away from that by providing them with powerful, flexible, and robust solutions.
We developed XLRep...
IRIS: With 30 years\' experience, IRIS Software provides business critical software and services to the UK accountancy and SME sectors.IRIS has more than 15,000 UK accountancy practice customers, who rely on IRIS every day to run their business, improve efficiency, increase profitability and save money. With 98% customer retention, IRIS is the most...
Who is more expensive? XLReporting or OpenBooks?
The real total cost of ownership (TCO) of Budgeting & CPM 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 XLReporting and OpenBooks.
XLReporting price starts at $240 per month , On a scale between 1 to 10 XLReporting is rated 2, which is much lower than the average cost of Budgeting & CPM software. OpenBooks price Has a free version , When comparing OpenBooks to its competitors, the software is rated 4 - lower than the average Budgeting & CPM software cost.
Bottom line: OpenBooks is more expensive than XLReporting.
Which software includes more/better features?
We've compared XLReporting Vs. OpenBooks based on some of the most important and required Budgeting & CPM features.
XLReporting: Version Control, Budgeting & Forecasting, Financial reporting, Capital Asset Planning, Forecasting.
OpenBooks: Data Import/Export, Basic Reports, Online Customer Support.
Target customer size
The typical clients utilizing XLReporting are those belonging to the small (with 10 – 100 employees) to medium-sized (with 100 to 1,000 employees) enterprises that make use of the services offered by the IT sector, data hosting and other related information services, particularly in the field of visual analytics and business intelligence. and OpenBooks's target customer size include: Small, medium and large size businesses.