FinancialForce ERP Review - why 3.3 stars?
Compare Pricing
ITQlick Score: | 84/100 |
---|---|
ITQlick Rating: | (3.3/5) |
Pricing: | 3/10 - low cost |
Category: | ERP -> FinancialForce ERP |
Ranking: | Ranked 41 out of 272 ERP systems |
Company: | Financial Force |
Pricing: | starts at $9,000 per year |
Typical customers: | SMBs |
Platforms: | Desktop, Mobile, Cloud |
Links: | FinancialForce ERP pricing, FinancialForce ERP alternatives |
Shlomi Lavi / updated: Aug 14, 2020
We publish unbiased reviews, our opinions are our own and are not influenced by payments from advertisers. Learn more in our advertiser disclosure.
What is FinancialForce ERP?
FinancialForce ERP is an enterprise resource planning solution for businesses of all sizes. Its
services include supply chain management, service automation, order and billing, financial
management, and others. The software was designed and launched by FinancialForce.com
headquartered in California, United States.
What is FinancialForce ERP rating? ()
The rating of FinancialForce ERP is 3.3 stars out of 5 and the total score is 84 out of 100. The ratings are based on our unbiased experts. Learn more in our rating methodology page
Who are FinancialForce ERP's typical customers?
Customers of the software include businesses of all sizes and a variety of types. Major industries
where it has been deployed include retail and wholesale, financial services, transportation and
communication, automation and manufacturing, technology, government, and others. Some
major customers of the software include WhiteSprings, All Traffic Solutions, and CyberSafe Ltd
etc.
Is FinancialForce ERP the best ERP?
FinancialForce ERP is ranked 41 out of 272 software in their category (ERP systems).
What are their main features and functionalities?
The software offers cloud based financial management capabilities of accounting, revenue
recognition, spending management, and fixed asset management. Opportunities, cases, orders,
and timecards can be quickly turned into invoices with a single click. The software also offers
ordering and billing capabilities of advanced quoting, contract management, recurring billing,
and media billing.
FinancialForce ERP features human capital management services of benefits management, recruiting and talent management, and time and attendance. Core supply chain management facilities of the software include order fulfillment, price quote configuration, contract management, inventory management, and supplier management. It also offers business automation features of resource management, project management, project accounting, and services resource planning etc.
FinancialForce ERP features human capital management services of benefits management, recruiting and talent management, and time and attendance. Core supply chain management facilities of the software include order fulfillment, price quote configuration, contract management, inventory management, and supplier management. It also offers business automation features of resource management, project management, project accounting, and services resource planning etc.
What are FinancialForce ERP's pros? (4 Pros)
- The software is easy to use for most users
- The solution can be used to monitor various company activities using one dashboard
- The customer support that is available in the solution is good and at most times it is available
- Affordable price
What are FinancialForce ERP's cons? (2 cons)
- The price of the solution is high such that most people cannot afford it
- The software cannot be integrated with other existing or new apps
Who are their main alternatives?
The main competitors for FinancialForce ERP are Netsuite and Sage ERP X3.
Netsuite is a cloud based ERP solution that includes the core features of financial management, supply chain & inventory control, as well as purchasing & ordering. There are also options for CRM as well as a SuiteCommerce module to address online shopping via e-commerce based web stores for both business to business and business to customer transactions. The product also supports professional services automation which includes project management & accounting along with resource management.
In comparison FinancialForce ERP is built using the Salesforce platform and includes its CRM solution as well as collaboration features using its Chatter social network. Additionally the product is workflow based, supports mobile devices and provides access to the AppExchange which is a library of add on functionality to enhance the product. FinancialForce ERP is modular so a customer can choose functions based on requirements and in addition to NetSuite’s features also provides Human Capital Management as part of its portfolio.
Then there is Sage ERP X3 which includes dedicated modules for manufacturing and customer service unlike FinancialForce ERP. The product includes Microsoft Office integration to handle regular business processing requirements and provides intelligence tools with dashboards for performance & operational monitoring, with integration options to SAP Business Objects as well. Sage ERP X3 also supports business requirements customization.
FinancialForce ERP however is a cloud based solution and also includes customization options. Additionally it provides an API for integration to other customer applications and utilizes Salesforce Analytics for its business intelligence requirements.
Netsuite is a cloud based ERP solution that includes the core features of financial management, supply chain & inventory control, as well as purchasing & ordering. There are also options for CRM as well as a SuiteCommerce module to address online shopping via e-commerce based web stores for both business to business and business to customer transactions. The product also supports professional services automation which includes project management & accounting along with resource management.
In comparison FinancialForce ERP is built using the Salesforce platform and includes its CRM solution as well as collaboration features using its Chatter social network. Additionally the product is workflow based, supports mobile devices and provides access to the AppExchange which is a library of add on functionality to enhance the product. FinancialForce ERP is modular so a customer can choose functions based on requirements and in addition to NetSuite’s features also provides Human Capital Management as part of its portfolio.
Then there is Sage ERP X3 which includes dedicated modules for manufacturing and customer service unlike FinancialForce ERP. The product includes Microsoft Office integration to handle regular business processing requirements and provides intelligence tools with dashboards for performance & operational monitoring, with integration options to SAP Business Objects as well. Sage ERP X3 also supports business requirements customization.
FinancialForce ERP however is a cloud based solution and also includes customization options. Additionally it provides an API for integration to other customer applications and utilizes Salesforce Analytics for its business intelligence requirements.
What is the cost of FinancialForce ERP?
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 3 out of 10 (10 is most expensive). Find here the REAL total cost breakdown for FinancialForce ERP
What should you ask Financial Force during a demo session? (65 questions)
Schedule a demo with FinancialForce ERP and access 65 must ask questions for the vendor while watching FinancialForce ERP in action. Visit the vendor's website here.
FinancialForce ERP's list of categories:
Budgeting & CPM
Time and Attendance
Procurement
Project Management
Project Budgeting
Project Portfolio Management
Project Resource Management
Time Tracking
Supply Chain
Fixed Asset Management
Recurring Billing
Billing & Invoicing
FinancialForce ERP's list of features:
Budget & Expense Management
Project Management
Resource Management
Project Portfolio Management
Expense Management
Time Tracking
Accounts Payable
Accounts Receivable
Billing & Invoicing
Budgeting & Forecasting
Purchase Orders
Financial reporting
Payment Management
Recurring Invoices
Time and Expense Tracking
FinancialForce ERP Vs. Alternatives
ITQlick rating
Score
Pricing
License pricing
Functionality
Review
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FinancialForce
Score
84/100
Pricing
3/10
License pricing
$9,000 per year
Functionality
41
Review
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SAP
Score
97/100
Pricing
10/10
License pricing
$94 per user/month
Functionality
44
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Global
Score
93/100
Pricing
4.6/10
License pricing
Pricing not available
Functionality
67
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NetSuite
Score
93/100
Pricing
4.6/10
License pricing
$499 per month
Functionality
18
Review
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OptiProERP
Score
92/100
Pricing
2/10
License pricing
$700 per license
Functionality
26
Review
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Author

Shlomi Lavi
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.