SAP Financials On Demand - Top Competitors (Mar 2022)

Shlomi Lavi / updated: Mar 04, 2022

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SAP Financials On Demand vs. Alternatives in 2023

Some of the main competitors for SAP Financials On Demand include Financialforce and Intacct.

Financialforce provides an ERP solution similar to SAP, with a cloud based financials module that includes core accounting; spend management, fixed assets accounting as well as revenue recognition to ensure business profitability. The product provides a collaboration platform which can be used to engage the sales & service departments on financial performance, and there are analytic tools to deliver financial reporting requirements. Additionally the product can also be accessed via mobile devices.

SAP Financials On Demand in comparison while similar in scope to Financialforce, also includes planning & forecasting tools with dashboards to analyze key financial KPIs. Additional options include financial risk & compliance, real estate lifecycle management as well as travel expense control. The product can be deployed as an on premise or cloud based model, with an option for hybrid deployment if required. It also utilizes the SAP HANA platform to improve application performance.

Then there is Intacct which provides another cloud based accounting solution. In addition to core accounting it also provides project accounting, time & expense management as well as inventory costing. Additionally there is an API to allow interconnection with other applications, as well as workflow automation which can be customized to meet financial flow requirements.

While SAP Financials On Demand includes workflows, it does not address project accounting as part of its core product. However the product does include shared services to streamline the provision of financial management services across different functional departments of an organization.