FinancialForce Accounting Review - why 4 stars?

FinancialForce Accounting Review
ITQlick Score: 80/100
ITQlick Rating: (4/5)
Pricing: 5.4/10 - average cost
Category: Core Accounting -> FinancialForce Accounting
Ranking:Ranked 41 out of 137 Core Accounting systems
Company: Financial Force
Pricing: starts at $9,000 per year
Typical customers: Small, medium and large size businesses
Platforms: Mobile, Cloud
Links: FinancialForce Accounting pricing, FinancialForce Accounting alternatives
Shlomi LaviShlomi Lavi / updated: Sep 06, 2021

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What is FinancialForce Accounting?

FinancialForce Accounting is a cloud-based finance and accounting solution built for sales force companies. Its key features include accounting management, billing and invoicing, financial analysis, reporting and statistics and more which help companies to streamline cash flow. FinancialForce is founded in 2009 and is headquartered in San Francisco, California. It has up to 1,000 employees.

What is FinancialForce Accounting rating? ()

The rating of FinancialForce Accounting is 4 stars out of 5 and the total score is 80 out of 100. The ratings are based on our unbiased experts. Learn more in our rating methodology page

Who are FinancialForce Accounting's typical customers?

FinancialForce Accounting is perfect for companies of all sizes, starting from small businesses to large multi-national enterprises. Companies providing IT services, advertising and marketing, software development, non-profits, energy and utilities and manufacturing can use this software. Peddle LLC, Build IT International and CloudSense are some of the clients of FinancialForce Accounting.

Is FinancialForce Accounting the best Core Accounting?

FinancialForce Accounting is ranked 41 out of 137 software in their category (Core Accounting systems).

What are their main features and functionalities?

FinancialForce Accounting comes with some key accounting features like cash management, general ledger, ordering and billing, accounts payable, accounts receivable, workflow sharing and revenue management features. The general ledger comes with flexible and multi-dimensional account charts, multi-currency and multi-company support, automatic reversing journals and accruals and automatic cumulative calculations. The cloud-based system offers real-time reporting which can help users to close books faster, and see P&Ls online in real-time from almost any internet enabled device.

The accounts payable feature comes with streamlined and electronic invoice, pay processing, duplicate invoice detection, authorization processing, workflow processing and spend management features. The cash management part offers multi-currency support, automatically reconciling bank statements, recording bank charges and interest, paying customer refunds and more.

What are FinancialForce Accounting's pros? (5 Pros)

  • FinancialForce Accounting is a flexible solution that can support companies of all sizes and adjust to business growth
  • FinancialForce Accounting is cloud-based and can be accessed from any internet enabled device
  • Easy to navigate user-interface
  • Seamless integration with Salesforce
  • Supports multiple currencies

What are FinancialForce Accounting's cons? (2 cons)

  • Reporting systems need improvement
  • Not as customizable as other financial and accounting software

Who are their main alternatives?

Vena Solutions is a cloud-based accounting, budgeting, and planning software for Excel which serves the same client size and has the same price range as FinancialForce Accounting. FinancialForce Accounting’s customer care (phone, online, knowledge, and video tutorials) is better than Vena Solutions (phone and online only).

Vena Solutions has almost the same features as FinancialForce except for deadline tracking, real-time reporting, and template management. FinancialForce also has better integrations than Vena Solutions. Both have high customer ratings online but FinancialForce is more beneficial than Vena as an accounting and finance software.

Chargify is a recurring and billing system for small to large companies like FinancialForce Accounting. However, Chargify pricing is lower than FinancialForce. When features are being compared, Chargify is more focused on billing whereas FinancialForce can cover more operations such as profit and loss management, real-time reporting, and cash flow management.

Both have high vendor reputation online but FinancialForce is a more comprehensive and all-inclusive accounting and finance software than Chargify.

What is the cost of FinancialForce Accounting?

The cost of license starts at $9,000 per year. On top of the total cost of licenses which is easy to calculate - what is the REAL total cost of implementation? You need to add the cost of training, customization, data migration, and other "hidden cost". ITQlick pricing score is 5.4 out of 10 (10 is most expensive). Find here the REAL total cost breakdown for FinancialForce Accounting

What should you ask Financial Force during a demo session? (65 questions)

Schedule a demo with FinancialForce Accounting and access 65 must ask questions for the vendor while watching FinancialForce Accounting in action. Visit the vendor's website here.

Is it the right software for you?

FinancialForce Accounting fits small, medium, and large companies and firms from advertising, energy and utilities, IT services, marketing, and software development industry. Hyland, Redhat, JLL, Seagate, and FCR media are among its known clients.

List of categories

Billing & Invoicing
Core Accounting
Financial reporting
Accounting Practice Management
Medical Accounting

List of features

Accounts Payable
Accounts Receivable
Audit Trail
Billing & Invoicing
Budgeting & Forecasting
Credit Card Processing
Depreciation
Fixed-Assets
General-Ledger
Project-Accounting
Purchase Orders
Sales Reporting
Customer Management
Time and Expense Tracking

FinancialForce Accounting Vs. Alternatives

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4/5
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Wave
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Zoho
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4.4/5
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Vyapar
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4.4/5
Score
95/100
Pricing
8/10
License pricing
$19 per year
Functionality
5
Review
Author

Shlomi Lavi

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Shlomi holds a Bachelor of Science (B.Sc.) in Information System Engineering from Ben Gurion University in Israel. Shlomi brings 15 years of global IT and IS management experience as a consultant, and implementation expert for small, medium and large size (global) companies.