Fourth Procurement and Inventory vs. Xero

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Fourth Procurement and Inventory
Score 8.0 out of 10
N/A
Fourth Procurement and Inventory is software that ties together procurement, 3-way matching, inventory and recipe control. It’s fully integrated, mobile-friendly and can be accessed with a single login. Using predicted sales functionality and analytics, it lets the user forecast demand more accurately.N/A
Xero
Score 8.7 out of 10
N/A
Xero is an online accounting software product for small businesses and personal finance. Its features beyond general ledger and double-bookkeeping include quotable invoicing, bank reconciliation, purchase order and expense management, and tax management. Third party apps can extend its features further.
$11
per month
Pricing
Fourth Procurement and InventoryXero
Editions & Modules
No answers on this topic
Early
$11
per month
Growing
$32
per month
Established
$62
per month
Offerings
Pricing Offerings
Fourth Procurement and InventoryXero
Free Trial
NoYes
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
YesNo
Entry-level Setup FeeNo setup feeNo setup fee
Additional Details
More Pricing Information
Features
Fourth Procurement and InventoryXero
Payroll Management
Comparison of Payroll Management features of Product A and Product B
Fourth Procurement and Inventory
-
Ratings
Xero
8.3
72 Ratings
9% above category average
Pay calculation00 Ratings8.064 Ratings
Benefit plan administration00 Ratings8.123 Ratings
Direct deposit files00 Ratings9.049 Ratings
Salary revision and increment management00 Ratings8.941 Ratings
Reimbursement management00 Ratings7.554 Ratings
Customization
Comparison of Customization features of Product A and Product B
Fourth Procurement and Inventory
-
Ratings
Xero
7.7
97 Ratings
7% above category average
API for custom integration00 Ratings7.278 Ratings
Plug-ins00 Ratings8.285 Ratings
Security
Comparison of Security features of Product A and Product B
Fourth Procurement and Inventory
-
Ratings
Xero
8.6
116 Ratings
6% above category average
Single sign-on capability00 Ratings8.972 Ratings
Role-based user permissions00 Ratings8.4114 Ratings
Reporting & Analytics
Comparison of Reporting & Analytics features of Product A and Product B
Fourth Procurement and Inventory
-
Ratings
Xero
8.2
133 Ratings
10% above category average
Dashboards00 Ratings8.0129 Ratings
Standard reports00 Ratings8.8132 Ratings
Custom reports00 Ratings7.9121 Ratings
General Ledger and Configurable Accounting
Comparison of General Ledger and Configurable Accounting features of Product A and Product B
Fourth Procurement and Inventory
-
Ratings
Xero
8.1
141 Ratings
9% above category average
Accounts payable00 Ratings8.8130 Ratings
Accounts receivable00 Ratings8.7131 Ratings
Cash management00 Ratings8.1121 Ratings
Bank reconciliation00 Ratings8.9137 Ratings
Expense management00 Ratings8.1125 Ratings
Time tracking00 Ratings6.842 Ratings
Fixed asset management00 Ratings7.386 Ratings
Multi-currency support00 Ratings8.382 Ratings
Multi-division support00 Ratings7.874 Ratings
Regulations compliance00 Ratings8.367 Ratings
Electronic tax filing00 Ratings8.265 Ratings
Self-service portal00 Ratings7.780 Ratings
Global Financial Support00 Ratings8.336 Ratings
Primary and Secondary Ledgers00 Ratings7.734 Ratings
Intercompany Accounting00 Ratings7.440 Ratings
Localizations00 Ratings8.240 Ratings
Journals and Reconciliations00 Ratings8.789 Ratings
Enterprise Accounting00 Ratings7.433 Ratings
Configurable Accounting00 Ratings8.359 Ratings
Centralized Rules Framework00 Ratings8.333 Ratings
Standardized Processes00 Ratings8.659 Ratings
Inventory Management
Comparison of Inventory Management features of Product A and Product B
Fourth Procurement and Inventory
-
Ratings
Xero
7.0
64 Ratings
2% below category average
Inventory tracking00 Ratings6.160 Ratings
Automatic reordering00 Ratings7.624 Ratings
Location management00 Ratings7.829 Ratings
Manufacturing module00 Ratings6.416 Ratings
Order Management
Comparison of Order Management features of Product A and Product B
Fourth Procurement and Inventory
-
Ratings
Xero
7.7
88 Ratings
2% above category average
Pricing00 Ratings7.261 Ratings
Order entry00 Ratings7.956 Ratings
Credit card processing00 Ratings8.657 Ratings
Cost of goods sold00 Ratings8.165 Ratings
Order Orchestration00 Ratings7.521 Ratings
End-to-end order visibility00 Ratings7.424 Ratings
Order exception Resolution00 Ratings7.617 Ratings
Best Alternatives
Fourth Procurement and InventoryXero
Small Businesses
Webgility
Webgility
Score 8.7 out of 10
Sage Intacct
Sage Intacct
Score 8.8 out of 10
Medium-sized Companies
QuickBooks Desktop Enterprise
QuickBooks Desktop Enterprise
Score 7.9 out of 10
ProContractor
ProContractor
Score 9.1 out of 10
Enterprises

No answers on this topic

BlackLine
BlackLine
Score 8.9 out of 10
All AlternativesView all alternativesView all alternatives
User Ratings
Fourth Procurement and InventoryXero
Likelihood to Recommend
7.4
(4 ratings)
8.9
(155 ratings)
Likelihood to Renew
-
(0 ratings)
9.4
(29 ratings)
Usability
-
(0 ratings)
8.9
(80 ratings)
Availability
-
(0 ratings)
9.0
(20 ratings)
Performance
-
(0 ratings)
10.0
(16 ratings)
Support Rating
7.5
(8 ratings)
7.6
(37 ratings)
In-Person Training
-
(0 ratings)
9.1
(1 ratings)
Online Training
-
(0 ratings)
10.0
(5 ratings)
Implementation Rating
-
(0 ratings)
9.5
(18 ratings)
Configurability
-
(0 ratings)
9.0
(1 ratings)
Ease of integration
-
(0 ratings)
7.8
(57 ratings)
Product Scalability
-
(0 ratings)
10.0
(6 ratings)
Vendor post-sale
-
(0 ratings)
9.0
(2 ratings)
Vendor pre-sale
-
(0 ratings)
10.0
(2 ratings)
User Testimonials
Fourth Procurement and InventoryXero
Likelihood to Recommend
HotSchedules and Fourth
The product is user-friendly in automating the tasks, managing the master data through central purchasing, and creating custom reports. It lacks certain basic functionalities like a record of wastages, sending automated emails confirming if the automatic tasks (scheduled tasks) have been completed or not, and the ability to automate the nutrition information, etc.
Read full review
Xero
Xero is a 10-point software since it streamlines accounting and financial processes with great agility, generating immediate productivity. I recommend using all its features since, from creating reports to paying bills, the whole process is easy and does not require much knowledge. We can use it remotely with our phones and still build fluidity, plus it can be integrated with Salesforce, building even more power for short-term results.
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Pros
HotSchedules and Fourth
  • The 'stock management' tab on the home screen is of particular use when keeping tabs on incoming deliveries into the restaurant.
  • The option to open and close your stock period is great as you have the chance to edit your stock at a moment's notice.
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Xero
  • Reporting (customizing look and contents and the ability to add multiple comparative periods is brilliant and not found in many other competitors.
  • Bank feeds. The way they organize bank feed and subsequent matching or coding is very user-friendly for non-accountants and fast for accountants.
  • Can file VAT returns and is MTD compliant in UK.
  • Customer support has been helpful (at least in my experience).
Read full review
Cons
HotSchedules and Fourth
  • It would help massively to see via Enterprise and menu items what ones are no longer active, to keep the data tidy.
  • When you take purchase reports from Enterprise and select to organise them by category, show the name of the category on the actual report download.
  • Quick and easy upload/download of supplier products for correcting prices, descriptions, prices in bulk.
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Xero
  • Overall it is a great platform and quite comprehensive for US based users.
  • However, if we focus on multinational companies that want to integrate the information of different companies in several countries within the same solution, we find the need to carry out reports outside the platform to provide the accounting structure and compliance necessary in countries outside the US.
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Likelihood to Renew
HotSchedules and Fourth
No answers on this topic
Xero
In addition to the matters covered in this review, my reason for renewing this product is that Xero's functionality and the constant updates that the company provides, makes the software even more business friendly. The software therefore builds a brand loyalty among customers.
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Usability
HotSchedules and Fourth
No answers on this topic
Xero
It has deep functionality, and it's easy to use for invoicing, quoting, financial reporting, and customer management. This product manages financial information for small business owners in a unique way. The phone interface is really good as well-meaning I can keep on top of the finances on my phone and feel confident about the financial decisions I'm making.
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Reliability and Availability
HotSchedules and Fourth
No answers on this topic
Xero
We have been actively using and 100% Xero based for our ecommerce accounting practice for over 4 years. There has on been one real outage for more than 5 minutes. Xero was open and transparent about the outage, what they were doing to resolve the issue, and provided 15 minute updates. Showing how they care about their customers and partners. Plus, showing that their customers care too, were understanding, and went surfing or in our case took a nap. Couldn't run our business without Xero as a partner.
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Performance
HotSchedules and Fourth
No answers on this topic
Xero
Pages generally load quickly, but it's a fairly common occurrence to have pages taking a bit longer than I'd like to load (as in, 4+ seconds). Occasionally I have to refresh a page to get it to work. Bank feed and integrations tend to be slow in general, but that could easily be due to API latency on the side of the other parties. Most of the time, though, the bank feeds refresh before I login so it's not a huge problem. Not necessarily good performance compared to a local app like QuickBooks desktop, but definitely good performance for a cloud application. Room for growth? yes.
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Support Rating
HotSchedules and Fourth
Too long to get an answer.
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Xero
Support has always been responsive and quickly resolved any questions I have. The only reason I don't give full points is because there's no way to call for immediate help. I'm fine with this because I don't need it badly enough to pay for it
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In-Person Training
HotSchedules and Fourth
No answers on this topic
Xero
The format was great; someone was there to ask questions or help if you were stuck.
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Online Training
HotSchedules and Fourth
No answers on this topic
Xero
All of Xero's training is online and available for anyone (business owner or accountants) to learn and become experts in their system. There is a range of content from product training to real world webinars from their partners. Xero is beautiful accounting software and their training is the same.
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Implementation Rating
HotSchedules and Fourth
No answers on this topic
Xero
If it can be done, time the implementation near a new fiscal year so you can start clean. Otherwise, you have to go back and do historical data from the beginning of the fiscal year, which can be brain draining.
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Alternatives Considered
HotSchedules and Fourth
No answers on this topic
Xero
Solely the ease of use. This has saved me so much time on day-to-day tracking it is astonishing. Not only does it make it super easy to send invoices, but it also makes it easy to print invoices off, eases the process of partial payments, and keeps good track of all notes made to the account.
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Scalability
HotSchedules and Fourth
No answers on this topic
Xero
I have yet to fully stress test the product given the size of the company where I am using it. I am sure as we scale to more customers, more vendors and more reporting requirements, I will have a better understanding of what it is capable of in terms of bandwidth and processing
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Return on Investment
HotSchedules and Fourth
  • Procurement: Integrating some of the key suppliers with Trade Simple has saved labour hours.
  • Integration: GL Integrations have increased the efficiency and quality of data.
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Xero
  • Xero helps to [minimize] payroll errors, saving the business money[.]
  • Tracking cost of goods is very easy which means that controlling expenses is easy[.]
  • It's extremely easy to pull up all key financial data to get both broad and specific snapshots of the business's financial health[.]
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ScreenShots

Fourth Procurement and Inventory Screenshots

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Xero Screenshots

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