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FreshBooks vs. Oracle Fusion Cloud Enterprise Performance Management

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    Overview
    ProductRatingMost Used ByProduct SummaryStarting Price

    FreshBooks

    Score9.2 out of 10
    Small Businesses (1-50 employees)
    FreshBooks is an accounting service for small businesses. The solution enables users to send and manage invoices, track billable time and collect online payments. The vendor’s value proposition this that their solution provides a straightforward service that simplifies the billing process.

    $21

    per month

    Oracle Fusion Cloud Enterprise Performance Management

    Score7.2 out of 10
    N/AOracle Fusion Cloud Enterprise Performance Management (EPM) is a solution that helps users model and plan across finance, HR, supply chain, and sales, streamline the financial close process.

    $250

    per user/per month

    Pricing
    FreshBooksOracle Fusion Cloud Enterprise Performance Management
    Editions & Modules
    Lite
    $21
    per month
    Plus
    $38
    per month
    Premium
    $65
    per month
    Select
    Custom Pricing
    EPM Standard
    $250
    per user/per month
    EPM Enterprise
    $500
    per user/per month
    Offerings
    Pricing Offerings
    FreshBooksOracle Fusion Cloud Enterprise Performance Management
    Free Trial
    YesNo
    Free/Freemium Version
    YesNo
    Premium Consulting/Integration Services
    NoYes
    Entry-level Setup FeeNo setup feeNo setup fee
    Additional Details10% discount for annual pricing.Pricing per user varies by component within the Oracle EPM Cloud solution. Please see pricing information for the EPM Cloud components on cloud.oracle.com or contact Oracle Sales at +1.800.633.0738.
    More Pricing Information
    Community Pulse
    FreshBooksOracle Fusion Cloud Enterprise Performance Management
    Considered Both Products
    FreshBooks
    No answer on this topic
    Oracle
    No answer on this topic
    Key User Insights
    Would buy again
    69%
    Would buy again
    9 Answers
    No answers on this topic
    Delivers good value for the price
    82%
    Delivers good value for the price
    9 Answers
    No answers on this topic
    Happy with the feature set
    54%
    Happy with the feature set
    7 Answers
    No answers on this topic
    Lived up to sales and marketing promises
    64%
    Lived up to sales and marketing promises
    7 Answers
    No answers on this topic
    Implementation went as expected
    62%
    Implementation went as expected
    8 Answers
    No answers on this topic
    Features
    FreshBooksOracle Fusion Cloud Enterprise Performance Management
    Customization
    Comparison of Customization features of FreshBooks and Oracle Fusion Cloud Enterprise Performance Management
    Feature
    FreshBooks
    9.1
    35 Ratings
    18% above category average
    Oracle Fusion Cloud Enterprise Performance Management
    -
    Ratings
    API for custom integration9.330 Ratings00 Ratings
    Plug-ins9.026 Ratings00 Ratings
    Security
    Comparison of Security features of FreshBooks and Oracle Fusion Cloud Enterprise Performance Management
    Feature
    FreshBooks
    10.0
    41 Ratings
    20% above category average
    Oracle Fusion Cloud Enterprise Performance Management
    -
    Ratings
    Single sign-on capability10.01 Ratings00 Ratings
    Role-based user permissions10.041 Ratings00 Ratings
    Reporting & Analytics
    Comparison of Reporting & Analytics features of FreshBooks and Oracle Fusion Cloud Enterprise Performance Management
    Feature
    FreshBooks
    7.5
    57 Ratings
    4% below category average
    Oracle Fusion Cloud Enterprise Performance Management
    -
    Ratings
    Dashboards9.057 Ratings00 Ratings
    Standard reports8.855 Ratings00 Ratings
    Custom reports4.82 Ratings00 Ratings
    General Ledger and Configurable Accounting
    Comparison of General Ledger and Configurable Accounting features of FreshBooks and Oracle Fusion Cloud Enterprise Performance Management
    Feature
    FreshBooks
    7.5
    56 Ratings
    2% below category average
    Oracle Fusion Cloud Enterprise Performance Management
    -
    Ratings
    Accounts payable8.041 Ratings00 Ratings
    Accounts receivable9.455 Ratings00 Ratings
    Cash management7.03 Ratings00 Ratings
    Bank reconciliation7.02 Ratings00 Ratings
    Expense management6.651 Ratings00 Ratings
    Time tracking7.642 Ratings00 Ratings
    Multi-currency support7.01 Ratings00 Ratings
    Regulations compliance6.021 Ratings00 Ratings
    Self-service portal9.13 Ratings00 Ratings
    Order Management
    Comparison of Order Management features of FreshBooks and Oracle Fusion Cloud Enterprise Performance Management
    Feature
    FreshBooks
    9.5
    49 Ratings
    25% above category average
    Oracle Fusion Cloud Enterprise Performance Management
    -
    Ratings
    Pricing8.839 Ratings00 Ratings
    Order entry9.337 Ratings00 Ratings
    Credit card processing9.741 Ratings00 Ratings
    Cost of goods sold10.01 Ratings00 Ratings
    BI Standard Reporting
    Comparison of BI Standard Reporting features of FreshBooks and Oracle Fusion Cloud Enterprise Performance Management
    Feature
    FreshBooks
    -
    Ratings
    Oracle Fusion Cloud Enterprise Performance Management
    5.6
    3 Ratings
    29% below category average
    Pixel Perfect reports00 Ratings8.12 Ratings
    Customizable dashboards00 Ratings4.43 Ratings
    Report Formatting Templates00 Ratings4.43 Ratings
    Ad-hoc Reporting
    Comparison of Ad-hoc Reporting features of FreshBooks and Oracle Fusion Cloud Enterprise Performance Management
    Feature
    FreshBooks
    -
    Ratings
    Oracle Fusion Cloud Enterprise Performance Management
    6.7
    23 Ratings
    14% below category average
    Drill-down analysis00 Ratings6.022 Ratings
    Formatting capabilities00 Ratings7.021 Ratings
    Report sharing and collaboration00 Ratings7.019 Ratings
    Report Output and Scheduling
    Comparison of Report Output and Scheduling features of FreshBooks and Oracle Fusion Cloud Enterprise Performance Management
    Feature
    FreshBooks
    -
    Ratings
    Oracle Fusion Cloud Enterprise Performance Management
    7.5
    19 Ratings
    6% below category average
    Publish to Web00 Ratings8.016 Ratings
    Publish to PDF00 Ratings8.019 Ratings
    Report Versioning00 Ratings7.017 Ratings
    Report Delivery Scheduling00 Ratings7.015 Ratings
    Data Discovery and Visualization
    Comparison of Data Discovery and Visualization features of FreshBooks and Oracle Fusion Cloud Enterprise Performance Management
    Feature
    FreshBooks
    -
    Ratings
    Oracle Fusion Cloud Enterprise Performance Management
    5.9
    3 Ratings
    22% below category average
    Pre-built visualization formats (heatmaps, scatter plots etc.)00 Ratings6.03 Ratings
    Location Analytics / Geographic Visualization00 Ratings6.83 Ratings
    Predictive Analytics00 Ratings5.13 Ratings
    Access Control and Security
    Comparison of Access Control and Security features of FreshBooks and Oracle Fusion Cloud Enterprise Performance Management
    Feature
    FreshBooks
    -
    Ratings
    Oracle Fusion Cloud Enterprise Performance Management
    7.2
    24 Ratings
    15% below category average
    Multi-User Support (named login)00 Ratings7.020 Ratings
    Role-Based Security Model00 Ratings6.023 Ratings
    Multiple Access Permission Levels (Create, Read, Delete)00 Ratings8.020 Ratings
    Report-Level Access Control00 Ratings7.01 Ratings
    Single Sign-On (SSO)00 Ratings8.021 Ratings
    Mobile Capabilities
    Comparison of Mobile Capabilities features of FreshBooks and Oracle Fusion Cloud Enterprise Performance Management
    Feature
    FreshBooks
    -
    Ratings
    Oracle Fusion Cloud Enterprise Performance Management
    7.2
    2 Ratings
    3% below category average
    Responsive Design for Web Access00 Ratings6.22 Ratings
    Budgeting, Planning, and Forecasting
    Comparison of Budgeting, Planning, and Forecasting features of FreshBooks and Oracle Fusion Cloud Enterprise Performance Management
    Feature
    FreshBooks
    -
    Ratings
    Oracle Fusion Cloud Enterprise Performance Management
    6.6
    38 Ratings
    20% below category average
    Long-term financial planning00 Ratings7.030 Ratings
    Financial budgeting00 Ratings7.038 Ratings
    Forecasting00 Ratings6.037 Ratings
    Scenario modeling00 Ratings6.035 Ratings
    Management reporting00 Ratings7.033 Ratings
    Consolidation and Close
    Comparison of Consolidation and Close features of FreshBooks and Oracle Fusion Cloud Enterprise Performance Management
    Feature
    FreshBooks
    -
    Ratings
    Oracle Fusion Cloud Enterprise Performance Management
    7.3
    20 Ratings
    6% below category average
    Financial data consolidation00 Ratings7.017 Ratings
    Journal entries and reports00 Ratings6.014 Ratings
    Multi-currency management00 Ratings8.013 Ratings
    Intercompany Eliminations00 Ratings8.014 Ratings
    Minority Ownership00 Ratings7.012 Ratings
    Local and consolidated reporting00 Ratings8.016 Ratings
    Detailed Audit Trails00 Ratings7.016 Ratings
    Financial Reporting and Compliance
    Comparison of Financial Reporting and Compliance features of FreshBooks and Oracle Fusion Cloud Enterprise Performance Management
    Feature
    FreshBooks
    -
    Ratings
    Oracle Fusion Cloud Enterprise Performance Management
    7.2
    34 Ratings
    12% below category average
    Financial Statement Reporting00 Ratings7.029 Ratings
    Management Reporting00 Ratings8.032 Ratings
    Excel-based Reporting00 Ratings9.030 Ratings
    Automated board and financial reporting00 Ratings6.028 Ratings
    XBRL support for regulatory filing00 Ratings6.019 Ratings
    Analytics and Reporting
    Comparison of Analytics and Reporting features of FreshBooks and Oracle Fusion Cloud Enterprise Performance Management
    Feature
    FreshBooks
    -
    Ratings
    Oracle Fusion Cloud Enterprise Performance Management
    6.8
    25 Ratings
    10% below category average
    Personalized dashboards00 Ratings7.025 Ratings
    Color-coded scorecards00 Ratings7.73 Ratings
    KPIs00 Ratings7.44 Ratings
    Cost and profitability analysis00 Ratings6.74 Ratings
    Key Performance Indicator setting00 Ratings6.024 Ratings
    Benchmarking with external data00 Ratings6.024 Ratings
    Integration
    Comparison of Integration features of FreshBooks and Oracle Fusion Cloud Enterprise Performance Management
    Feature
    FreshBooks
    -
    Ratings
    Oracle Fusion Cloud Enterprise Performance Management
    7.0
    36 Ratings
    14% below category average
    Flat file integration00 Ratings7.034 Ratings
    Excel data integration00 Ratings7.032 Ratings
    Direct links to 3rd-party data sources00 Ratings7.028 Ratings
    Best Alternatives
    FreshBooksOracle Fusion Cloud Enterprise Performance Management
    Small Businesses
    QuickBooks Self-Employed (discontinued)
    Score4.2 out of 10
    No answers on this topic
    Medium-sized Companies
    MYOB
    Score8.3 out of 10
    IBM Planning Analytics
    Score8.5 out of 10
    Enterprises
    Microsoft Dynamics GP
    Score5.4 out of 10
    OneStream
    Score8.8 out of 10
    All AlternativesView all alternativesView all alternatives
    User Ratings
    FreshBooksOracle Fusion Cloud Enterprise Performance Management
    Likelihood to Recommend
    7.6
    (75 ratings)
    8.5
    (46 ratings)
    Likelihood to Renew
    7.6
    (18 ratings)
    9.0
    (3 ratings)
    Usability
    9.6
    (20 ratings)
    7.0
    (2 ratings)
    Availability
    10.0
    (2 ratings)
    10.0
    (1 ratings)
    Performance
    8.0
    (1 ratings)
    9.0
    (1 ratings)
    Support Rating
    6.0
    (11 ratings)
    6.8
    (3 ratings)
    Implementation Rating
    10.0
    (1 ratings)
    8.2
    (16 ratings)
    Configurability
    -
    (0 ratings)
    5.0
    (1 ratings)
    CPA Rating
    7.0
    (1 ratings)
    -
    (0 ratings)
    Ease of integration
    -
    (0 ratings)
    8.0
    (1 ratings)
    Product Scalability
    -
    (0 ratings)
    8.0
    (1 ratings)
    Vendor post-sale
    -
    (0 ratings)
    7.0
    (1 ratings)
    Vendor pre-sale
    -
    (0 ratings)
    9.0
    (1 ratings)
    User Testimonials
    FreshBooksOracle Fusion Cloud Enterprise Performance Management
    Likelihood to Recommend
    FreshBooks
    I recommend FreshBooks to anyone running a service-based business that needs invoicing, time reporting, and accounting tools. FB is adept in all three of these scenarios and isn't overly complicated like similar accounting packages I have used. I love how I can write estimates and proposals, manage the business development process from the software, and quickly convert prospects to invoiced clients.
    Incentivized
    Read full review
    Oracle
    It is well suited in a geographically distributed environment where you have various key participants in multiple time zones providing input and necessary explanations on performance and measured success It is less appropriate where you have a single office environment with a single finance department working together. It is also less suited when the GL is NOT an Oracle product and the interface between the GL and the reporting software needs to be implemented with utmost care and handling.
    Incentivized
    Read full review
    Pros
    FreshBooks
    • Invoicing - FreshBooks basically ensures our accountants spend less time on invoices via its automated invoicing system, which sends invoices to our customers and clients alike and also send them regular reminders for them to pay up their bills.
    • Collecting business insights - FreshBooks enable our company analysts measure our business performances via data reports provided by FreshBooks' intuitive dashboard. Allowing us do a comparative analysis of key business metrics of a current month against past months and determine if the business is growing.
    • Expense tracker - We have recently embraced FreshBooks as an expense tracker for teams at our company branch. Thusfar, FreshBooks has performed very well, making our expense management a perfect operation; ensuring teams do not exceed their planned budget and also eliminating the need for tracking expenses on excel spreadsheets.
    Incentivized
    Read full review
    Oracle
    • Account Reconciliation CLoud Services provides tight integration with Oracle R12 and 11i . Provides drillback capability. It is flexible and provides rich functionality to users.
    • We have implemented ARCS on cloud and migrated planning and budgeting from On premise to PBCS and EPBCS. Functionality is onpar with onpremise. Provides regular updates monthly
    • We don't need to upgrades every year and saved a lot on Hardware.
    Incentivized
    Read full review
    Cons
    FreshBooks
    • I can brand invoices with my business logo, but I might like to change colours of the invoices themselves to match the rest of my business documents. That isn't a major point at all, but it's something that I'd like to see.
    • Freshbooks doesn't remember the categories that similar expenses were previously assigned to. It would be nice if Freshbooks would suggest a category for an already saved vendor, to ensure the consistency of expense reporting.
    • The home page of a Freshbooks account has a great graph display of expenses and income, but it only shows the last 6 months. This is still very useful, but I'd like to be able to see this kind of graph for different periods of time.
    Read full review
    Oracle
    • The limitation of constrained out of the box dimensions that requires ripping the initial implementation to add the new dimensions is a major drawback.
    • Smartview interface is cumbersome for many.
    • The only financial adapter is available for integration for other modules we have to go with file-based uploads which is cumbersome and not real-time.
    • It is very costly in terms of licensing unlike other Oracle products.
    Incentivized
    Read full review
    Likelihood to Renew
    FreshBooks
    At the current needs of our business, FreshBooks suits us perfectly - it allows online access by our accountant to the system for GST purposes, easy input of expenses and tracking of Profit and Loss statements. FreshBooks customer service is great as well - very understanding and accommodating.
    Read full review
    Oracle
    We have a pretty good userbase who are at the high level who gained value from this tool. Discontinuing this tool is prone to impact their day to day operations. Also the data in this tool cannot alter the source, which maintains the integrity of this tool. Smartview is a cool addition that gained lot of traction as well.
    Incentivized
    Read full review
    Usability
    FreshBooks
    FreshBooks is very easy to use even for novices. If you're looking for an online accounting software that is full of features, has great aesthetics and is user-friendly, then this is definitely the software for you. I've been using it for several years now and despite being tempted to switch by other vendors, I like the feel of FreshBooks and it's mobile features.
    Incentivized
    Read full review
    Oracle
    It produces consolidated multi currency reports faster and more accurately whilst adding additional pivotal functionality. The Smartview reporting is a key for us and a flagstone of the application
    Incentivized
    Read full review
    Reliability and Availability
    FreshBooks
    FreshBooks is easy to use and always works!
    Incentivized
    Read full review
    Oracle
    EPM has been so far available all the time
    Incentivized
    Read full review
    Performance
    FreshBooks
    No answers on this topic
    Oracle
    The product performance is so far very good
    Incentivized
    Read full review
    Support Rating
    FreshBooks
    I think the support level for FreshBooks is on par with a 6 because the folks behind this application do a fairly good job at providing support for their customer base. I still don't think they are at an elite level when it comes to supporting but are getting there although too slow in my opinion.
    Incentivized
    Read full review
    Oracle
    Support from our implementation partner is a 10/10, but support from Oracle is awful. Case in point: recently over a 2-day period, there were a series of intermittent outages. Oracle actually asked US for the outage time-stamps. I would have thought that, since we were paying them, they should probably be able to tell us!
    Incentivized
    Read full review
    Implementation Rating
    FreshBooks
    I haven't changed my mind since my first evaluation. Freshbooks is still meeting my needs, easy to use, etc.
    Read full review
    Oracle
    I suggest doubling the time to implement from the initial quote you get from the Sales team. That's always been the case for me for multiple EPMs now. The out-of-the-box functionality of Oracle Planning and Budgeting Cloud is pretty robust so I appreciate that and it really helped us get the ball rolling quickly.
    Incentivized
    Read full review
    Alternatives Considered
    FreshBooks
    FreshBooks does very well in comparison, especially since it is free software for Barclays bank users. Sage software is much worse than FreshBooks. However, Xero and QuickBooks, the market leaders, are still ahead with usability, additional features, reporting, and connection with third-party software providers. We chose FreshBooks as it does everything we require from this type of software.
    Incentivized
    Read full review
    Oracle
    Oracle Planning and Budgeting Cloud fared very well against Adaptive, Anaplan, and Host Analytics. We ultimately decided on Oracle due to its reputation and strength of existing customers. We are happy with our decision.
    Incentivized
    Read full review
    Scalability
    FreshBooks
    No answers on this topic
    Oracle
    The product is scalable
    Incentivized
    Read full review
    Return on Investment
    FreshBooks
    • In reality, we do not implement all of its use at the moment in order to determine an adequate ROI.
    • In our approach to the use of the system, it seems to us a considerable time saving by achieving the integration of the Mexican subsidiary with its parent located in the US.
    • Financial reports meet the necessary USGAAP requirements.
    Incentivized
    Read full review
    Oracle
    • Significantly reduced the amount of money we spent for the maintenance of in-house hardware.
    • We now need less employees to manage the configurations of Oracle EPM Cloud.
    • There have been many time savings as a whole to apply to more productive causes.
    Incentivized
    Read full review
    ScreenShots

    FreshBooks Screenshots

    Screenshot of the dashboardScreenshot of an invoice overviewScreenshot of an example of a customizable invoiceScreenshot of an invoice appearing across devicesScreenshot of expensesScreenshot of time tracking

    Oracle Fusion Cloud Enterprise Performance Management Screenshots

    Screenshot of Process and Workflow - Flexible Workflow and Process Management - Annotations - Concurrency in UsageScreenshot of Integration - External Integration - Oracle ERP Systems and Hybrid On-Premise DeploymentScreenshot of Planning and Forecasting - Decision-Oriented Plans with Instant Feedback Loop - What-If Modeling and SandboxScreenshot of Process and Workflow - Flexible Workflow and Process Management - Annotations - Concurrency in UsageScreenshot of User Interface - Role-Based, Intuitive User Interface - Role-Based Navigation Flows - Microsoft Office InterfaceScreenshot of Integration - External Integration - Oracle ERP Systems and Hybrid On-Premise Deployment