FinancialForce Accounting Review

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Last updated: Sep 12, 2019

FinancialForce Accounting Review

ITQlick rating
(4/5)

Small business, Medium business, Large business

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 a...

  • Categories (4/5):

    • Small Business Accounting
    • Financial reporting
    • Core Accounting
    • Billing & Invoicing

Shlomi Lavi / updated: Sep 12, 2019

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.

FinancialForce Accounting Average Rating -

The rating of FinancialForce Accounting is 4 stars. The rating is based on ITQlick expert review

FinancialForce Accounting 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.

FinancialForce Accounting Features

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.

FinancialForce Accounting 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

FinancialForce Accounting 2 Cons

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

FinancialForce Accounting 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.

FinancialForce Accounting Pricing Information

FinancialForce Accounting pricing is above the average cost of accounting and finance software. It has simple and intelligent accounting and finance management features which can analyze finances, generate reports, and automate processes in a few clicks. It has subscription and usage billing functions which have multiple models and can manage customer relationships.

It has revenue recognition and forecasting features to automate calculations, comply with revenue recognition standards, and eliminate errors in spreadsheets. Its order and inventory management functions can simplify order fulfillment and get flexible pricing.

It has customer-centered and self-serving capabilities for faster collection and improved customer experience through online payment and Salesforce Chatter. It optimizes procure to pay process to save time and cost.

FinancialForce Accounting demo

25 questions to ask the vendor on FinancialForce Accounting demo

Is FinancialForce Accounting the right software for me?

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.

FinancialForce Accounting Categories

Small Business Accounting
Financial reporting
Core Accounting
Billing & Invoicing
Medical Accounting

Specifications

Company:
Address: San Francisco, CA 94105
Website:FinancialForce Accounting
Customers: Small business, Medium business, Large business
Business Area: Finance management
Platforms: Mobile, Cloud
Operating Systems: Mac OS, Windows, Linux

FinancialForce Accounting 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

ITQlick rating ITQlick Rating is based on the software score (below) and aggregated online reviews
ITQlick score ITQlick Score is a 1 to 100 score, based on pricing, and functionality Vs. alternative solutions
Pricing score pricing Score is a 1 to 10 score, based on the TCO (cost of licences, customizations, training, hardware when relevant) Vs. alternative solutions
License pricing license pricing (if provided by the software vendor)
Hosting
Functionality score
Fit small business
Fit medium business
Fit large business
Software review
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FinancialForce
ITQlick rating ITQlick Rating is based on the software score (below) and aggregated online reviews
ITQlick Score
80/100
Pricing score Pricing score ranges between 1 to 10 while 1 is low TCO and 10 is high TCO (TCO - total cost of ownership: cost of licences, customizations, training, hardware when relevant) Vs. alternative solutions
5.4/10
License pricing license pricing (if provided by the software vendor)
Pricing not available
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19
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3.2/10
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$250 Per license
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20
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95/100
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2/10
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$15 Per month
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28
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ITQlick rating ITQlick Rating is based on the software score (below) and aggregated online reviews
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94/100
Pricing score Pricing score ranges between 1 to 10 while 1 is low TCO and 10 is high TCO (TCO - total cost of ownership: cost of licences, customizations, training, hardware when relevant) Vs. alternative solutions
2/10
License pricing license pricing (if provided by the software vendor)
$28 Per month
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Functionality score
46
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ITQlick rating ITQlick Rating is based on the software score (below) and aggregated online reviews
ITQlick Score
93/100
Pricing score Pricing score ranges between 1 to 10 while 1 is low TCO and 10 is high TCO (TCO - total cost of ownership: cost of licences, customizations, training, hardware when relevant) Vs. alternative solutions
3.8/10
License pricing license pricing (if provided by the software vendor)
Pricing not available
Hosting
On premise and Cloud
Functionality score
23
Fit small business
Fit medium business
Fit large business
Software review