Compare FinancialForce vs Xero

Xero

 2577 ratings Accounting
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83%
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Crozscore

85%
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no significant changes
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About FinancialForce

FinancialForce offers numerous useful services on our centralized cloud-based accounting platform including:

General Ledger:

  • FinancialForce simplifies your company's general ledger by offering a flexible, multidimensional chart of accounts.
  • This enables you to quickly handle previously time-consuming multi-currency and multi-company transactions.

Financial Reporting:

  • FinancialForce gives you the option to use either standard templates or customize your own templates suited to your specific needs.
  • You also have the flexibility to access your profit and loss (P&L) statements at any time and on any device.

Accounts Payable:

  • FinancialForce provides a centralized platform where you can automatically calculate due dates and settlement discounts.
  • Our document templates and electronic invoice features also streamline the invoice to pay timeline.

Accounts Receiveable:

  • This function allows you to effortlessly create invoices from Salesforce opportunities.
  • You will also have access to a clear overview of customer orders, invoices, and payments, among other areas.

Cash Management:

  • FinancialForce helps you to optimize your cash flow by helping you set up multiple bank accounts in various currencies.
  • You can also easily manage your assets by clearly recording one-off payments and refunds to/from vendors.

About Xero

Xero is an online accounting software suite that utilizes a modern cloud network to fully accommodate the complete range of accounting needs.
The app allows its users to coordinate and manage all financial processes within an easy to use platform, accessible from all internet-enabled devices.
This software is ideal for small business owners managing their accounts independently, as well as in collaboration with their accountants from dispersed locations.

Features

  • 2-Factor Authentication
  • Accounts Payable
  • Accounts Receivable
  • API
  • Balance Sheet
  • Billing/Invoicing
  • Budgeting
  • Calendar Management
  • Contact Management
  • CRM Integration
  • Customer Management
  • Dashboard
  • Data Export
  • Data Import
  • Data Visualization
  • Expense Tracking
  • External Integrations
  • Forecasting
  • General Account Ledger
  • Inventory Tracking
  • Multi-Currency
  • Multi-User
  • Notifications
  • P&L
  • Payroll
  • Supplier Management
  • Tax Management
  • BitCoin
  • PayPal
  • Stripe
  • SAP Integration

Features

  • 2-Factor Authentication
  • Accounts Payable
  • Accounts Receivable
  • API
  • Balance Sheet
  • Billing/Invoicing
  • Budgeting
  • Calendar Management
  • Contact Management
  • CRM Integration
  • Customer Management
  • Dashboard
  • Data Export
  • Data Import
  • Data Visualization
  • Expense Tracking
  • External Integrations
  • Forecasting
  • General Account Ledger
  • Inventory Tracking
  • Multi-Currency
  • Multi-User
  • Notifications
  • P&L
  • Payroll
  • Supplier Management
  • Tax Management
  • BitCoin
  • PayPal
  • Stripe
  • SAP Integration

Summary

  • Streamlined invoice-to-pay process

  • Real-time financial analysis and modelling

  • Seamless opportunity to cash cycle

Summary

  • Easy Invoicing: Improves cashflow and helps its users get paid quickly and easily.

  • Multi-Currency Accounting: Foreign exchange rates are updated hourly, so users instantly know exactly how gains and losses are affecting their cashflow.

  • File Storage: It is possible to attach files to almost anything – from invoices to bills and transactions.

  • Creation of customizable purchase orders: Fully customizable purchase orders, ready to email them to suppliers and then copy to a bill.

  • Expense claims creation from anywhere: Users can create claims at work, home or on the go.

  • Inventory Management: Tracks the value of a user's inventory and improves stock control.

Pricing

  • Credit card required: No
  • Starter: $20/month.
    Standard: $30/month.
    Premium: $40/month.
    30-day free trial.

FAQs

    What is this service generally used for?
  • FinancialForce is intended to be used as an integrated accounting software platform, offering services from financial reporting and general ledger to cash management and accounts payable.

  • Who are the main user groups of this service?
  • FinancialForce has a broad user-base ranging from individuals to large multinational corporations.

  • Does this service integrate with any other apps?
  • FinancialForce seamlessly integrates with Salesforce.

  • Does this service offer guides, tutorials and or customer support?
  • We offer comprehensive guides and tutorials on how to use FinancialForce and also have a dedicated customer support team ready to answer any questions you may have about how to use FinancialForce.

FAQs

    Who are the main user groups of this service?
  • Main user of this software are accountants and bookkeepers in small and medium-sized businesses across all industries.

  • What is this service generally used for?
  • Xero is used as a cloud-based accounting software for small and medium-sized businesses.

  • What platforms does this service support?
  • Web-based service with native mobile apps for iPhone, iPad or Android smartphone.

  • What are some applications this service is commonly used in tandem with?
  • It is most commonly used in tandem with WorkflowMax, CustomerSure, and Veeqo.

  • Does this service integrate with any other apps?
  • Xero integrates with hundreds of add-on business applications, from inventory management, invoicing and time tracking. Some of them: Batchbook, Quotient, Stripe, PayPal, WorkflowMax, Receipt Bank, Expensify, Evernote, Payment Evolution, Nexonia Expenses, Xpenditure, Constant Contact, Highrise CRM, Exsalerate, OnePage CRM.

  • Does this service offer an API?
  • Xero has an API available for use.

  • Does this service offer guides, tutorials and or customer support?
  • Support provided: Forum, Knowledge Base, Online Support, Video Tutorials.

Vendor Information

Founded:
-
Based in:
San Francisco
Employees:
501-1000
Likes:
Followers:

Vendor Information

Founded:
2006
Based in:
Wellington
Employees:
1001-5000
Likes:
Followers:

Other

Who uses FinancialForce
  • Startups
  • SMEs
  • Agencies
  • Enterprises
Desktop Platforms:
  • Web App
  • Windows
  • Macintosh
Mobile Platforms:
  • iOS
  • Android
Languages:
English
Regional Restrictions:
No restrictions.

Other

Who uses Xero
  • Startups
  • SMEs
  • Enterprises
Desktop Platforms:
  • Web App
Mobile Platforms:
  • iOS
  • Android
Regional Restrictions:
No restrictions.

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