Shlomi Lavi /
Mar 22, 2022
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Bottom Line: Which is Better - Yodlee MoneyCenter or Xero?
Yodlee MoneyCenter is more expensive to implement (TCO) than Xero, and Xero is rated higher (94/100) than Yodlee MoneyCenter (90/100). Xero offers users more features (13) than Yodlee MoneyCenter (5). There is a clear winner in this case and it is Xero!
Looking for the right Accounting & Finance 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:
Yodlee Vs. Xero
Yodlee: Yodlee created the industry’s most scalable and robust personal finance data platform for powering innovation in financial services. Used by over 600 leading financial institutions and companies and more than 40 million consumers, Yodlee’s best-in class solutions remove the friction from financial management, delivering a more insightful, interacti...
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...
Who is more expensive? Yodlee MoneyCenter or Xero?
The real total cost of ownership (TCO) of Accounting & Finance 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 Yodlee MoneyCenter and Xero.
Yodlee MoneyCenter price starts at $350 per month , On a scale between 1 to 10 Yodlee MoneyCenter is rated 6, which is similar to the average cost of Accounting & Finance software. Xero price starts at $12 per month , When comparing Xero to its competitors, the software is rated 2 - much lower than the average Accounting & Finance software cost.
Bottom line: Yodlee MoneyCenter is more expensive than Xero.
Which software includes more/better features?
We've compared Yodlee MoneyCenter Vs. Xero based on some of the most important and required Accounting & Finance features.
Yodlee MoneyCenter: Accounts Payable, Accounts Receivable, Billing & Invoicing, Budgeting & Forecasting, Tax compliance.
Xero: Accounts Payable, Accounts Receivable, Billing & Invoicing, Budgeting & Forecasting, Fixed-Assets.
Target customer size
Customers of the software include small and medium businesses and well as large enterprises. Xero is best for small businesses, freelancers and non-profit organizations.