What users are saying about

Acumatica 5.0

10 Ratings
Score 8.5 out of 101

FinancialForce ERP

1 Ratings
Score 3 out of 101

Add comparison

Likelihood to Recommend

Acumatica 5.0

As I have only used it in one business I can't say too much how relevant it would be for other types of business, eg Retail or Manufacturing. It doesn't appear to be specifically set up for ecommerce.

We wholesale products and it works well for that kind of business model.
Justin Leflaive profile photo

FinancialForce ERP

There are many lacking features so if your company is looking to grow, FinancialForce will not be able to scale along with your company. If your company is already past its growth stage and there aren't too many transactions to record, then FinancialForce may be suited for your company.
No photo available

Feature Rating Comparison

Customization

Acumatica 5.0
7.0
FinancialForce ERP
6.5
API for custom integration
Acumatica 5.0
7.0
FinancialForce ERP
6.0
Plug-ins
Acumatica 5.0
FinancialForce ERP
7.0

Security

Acumatica 5.0
7.0
FinancialForce ERP
7.0
Role-based user permissions
Acumatica 5.0
7.0
FinancialForce ERP
7.0
Single sign-on capability
Acumatica 5.0
FinancialForce ERP
7.0

Reporting & Analytics

Acumatica 5.0
6.7
FinancialForce ERP
Dashboards
Acumatica 5.0
4.0
FinancialForce ERP
Standard reports
Acumatica 5.0
7.0
FinancialForce ERP
Custom reports
Acumatica 5.0
9.0
FinancialForce ERP

General Ledger and Configurable Accounting

Acumatica 5.0
8.3
FinancialForce ERP
4.3
Accounts payable
Acumatica 5.0
10.0
FinancialForce ERP
4.0
Accounts receivable
Acumatica 5.0
8.0
FinancialForce ERP
2.0
Global Financial Support
Acumatica 5.0
5.0
FinancialForce ERP
Intercompany Accounting
Acumatica 5.0
9.0
FinancialForce ERP
Journals and Reconciliations
Acumatica 5.0
10.0
FinancialForce ERP
7.0
Standardized Processes
Acumatica 5.0
8.0
FinancialForce ERP
4.0
Configurable Accounting
Acumatica 5.0
FinancialForce ERP
5.0
Centralized Rules Framework
Acumatica 5.0
FinancialForce ERP
4.0

Inventory Management

Acumatica 5.0
8.5
FinancialForce ERP
Inventory tracking
Acumatica 5.0
9.0
FinancialForce ERP
Location management
Acumatica 5.0
8.0
FinancialForce ERP

Order Management

Acumatica 5.0
9.3
FinancialForce ERP
Pricing
Acumatica 5.0
10.0
FinancialForce ERP
Order entry
Acumatica 5.0
9.0
FinancialForce ERP
Cost of goods sold
Acumatica 5.0
8.0
FinancialForce ERP
End-to-end order visibility
Acumatica 5.0
10.0
FinancialForce ERP

Subledger and Financial Process

Acumatica 5.0
6.8
FinancialForce ERP
5.0
Automated Invoice Processing
Acumatica 5.0
7.0
FinancialForce ERP
Customer Collections
Acumatica 5.0
7.0
FinancialForce ERP
Cash Management
Acumatica 5.0
7.0
FinancialForce ERP
Period Close
Acumatica 5.0
6.0
FinancialForce ERP
9.0
Revenue Recognition
Acumatica 5.0
FinancialForce ERP
3.0
3rd Party Accounting Systems
Acumatica 5.0
FinancialForce ERP
3.0

Pros

  • Generic Inquiries are a very easy way to create custom reports.
  • The automation schedules are useful, we use these for confirming of shipments, creating invoices and emailing them. Reduces workload.
  • Open for integration with other software. We find the ease of connection to MS PowerBI very useful.
Justin Leflaive profile photo
  • You are able to get a view of all CRM-related information of a customer account along with the invoices and other accounting-related information all in one screen. This makes is very convenient when doing any kind of research.
  • The FinancialForce UI is very user-friendly since the interface mimics the Salesforce interface.
No photo available

Cons

  • The CRM module is very basic.
  • There is no supplier remittance function.
  • The API is basic, our ecommerce integration has had to be built nearly from scratch.
Justin Leflaive profile photo
  • The revenue recognition module is very basic. The system does not create deferred revenue waterfall schedules.
  • FinancialForce does not have a way of handling prepaid items where the expense gets deferred into the future.
  • Although FinancialForce can create invoices, there is no way to connect payments to the invoice in an automated fashion. When payments gets entered into the system, they must manually be matched against invoices. It is not good for scalability.
No photo available

Likelihood to Renew

Acumatica 5.09.0
Based on 1 answer
It is very customisable and good value for money. It is also scalable for the future. The CRM and ecommerce integtration are the main downsides.
Justin Leflaive profile photo
No score
No answers yet
No answers on this topic

Alternatives Considered

NetSuite is much more expensive and is difficult to customise or integrate.
SAP is a more complex and powerful system, but several times more expensive to implement and run.
Justin Leflaive profile photo
The reporting and general accounting features are generally lacking in FinancialForce. Many things had to be done manually as a result of these lacking features. Compared to a more sophisticated ERP system, it is worth it to pay a little extra money because we could not scale our accounting functions along with our company growth.
No photo available

Return on Investment

  • Time to match customer payments has decreased by approximately 30%.
  • Time to enter sales orders has decreased by approx 10%.
  • It has enabled up to easily access our system remotely, meaning we are able to be more flexible in our work.
Justin Leflaive profile photo
  • Implementing FinancialForce stalled the growth of the accounting department. Because of the limitations, a lot of manual work had to be done in the systems and many schedules were kept out of the system. Instead of focusing on process improvements or, the accounting team had to do tasks that could have easily been solved with a more sophisticated ERP.
No photo available

Pricing Details

Acumatica 5.0

General
Free Trial
Free/Freemium Version
Premium Consulting/Integration Services
Entry-level set up fee?
No
Additional Pricing Details

FinancialForce ERP

General
Free Trial
Free/Freemium Version
Premium Consulting/Integration Services
Entry-level set up fee?
Additional Pricing Details