FinancialForce ERP Review - why 3.3 stars?

FinancialForce ERP Review
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 LaviShlomi Lavi / updated: Aug 14, 2020

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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.

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.

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 ITQlick Rating is based on the software score (below) and aggregated online reviews
Score ITQlick Score is a 1 to 100 score, based on pricing, and functionality Vs. alternative solutions
Pricing 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)
Functionality
Review
Compare
FinancialForce
ITQlick rating ITQlick Rating is based on the software score (below) and aggregated online reviews
Score
84/100
Pricing 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
3/10
License pricing license pricing (if provided by the software vendor)
$9,000 per year
Functionality
41
Compare
SAP
ITQlick rating ITQlick Rating is based on the software score (below) and aggregated online reviews
Score
97/100
Pricing 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
10/10
License pricing license pricing (if provided by the software vendor)
$94 per user/month
Functionality
44
Review
Global
ITQlick rating ITQlick Rating is based on the software score (below) and aggregated online reviews
Score
93/100
Pricing 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
4.6/10
License pricing license pricing (if provided by the software vendor)
Pricing not available
Functionality
67
Review
NetSuite
ITQlick rating ITQlick Rating is based on the software score (below) and aggregated online reviews
Score
93/100
Pricing 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
4.6/10
License pricing license pricing (if provided by the software vendor)
$499 per month
Functionality
18
OptiProERP
ITQlick rating ITQlick Rating is based on the software score (below) and aggregated online reviews
Score
92/100
Pricing 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)
$700 per license
Functionality
26
Author
Shlomi Lavi - admin

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.