Financial Force Accounting Cost

How much does it cost to purchase and implement Financial Force Accounting?What is the break-down cost of licenses, maintenance and support, installation, customization, data migration and training?

Vice Professor Asked on July 3, 2024 in Accounting.
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1 Answer(s)

Software price

Financial Force Accounting offers three pricing plans: Essentials, Professional, and Enterprise. The Essentials plan starts at $100 per user per month, the Professional plan starts at $200 per user per month, and the Enterprise plan requires a custom quote. The cost for 1 user per year would be $1,200 for Essentials and $2,400 for Professional.

Plans compared

The Essentials plan includes basic accounting features such as general ledger, accounts payable, and accounts receivable. The Professional plan adds more advanced features like project accounting and revenue recognition. The Enterprise plan is customizable to fit specific business needs.

Plans fit

The Essentials plan is suitable for small businesses and startups looking for fundamental accounting functionalities. The Professional plan is ideal for growing businesses that require more advanced accounting capabilities. The Enterprise plan is best for large corporations and global enterprises with complex accounting requirements.

Other costs

Implementation costs for Financial Force Accounting can vary depending on the complexity of the setup, but on average, it can range from $5,000 to $20,000. Customization costs are additional and can range from $2,000 to $10,000. Training costs may vary but typically range from $500 to $2,000 per user.

One-time fees

Financial Force Accounting does not require any specific hardware or servers, but there may be additional costs for data migration or integration with existing systems. These costs can range from $1,000 to $5,000 as a one-time fee.

Alternatives compared

Compared to alternatives such as QuickBooks Online, Xero, and Sage Intacct, Financial Force Accounting is positioned as a more robust solution for mid to large-sized businesses. While the pricing may be higher, the features and customization options make it a competitive choice for companies with complex accounting needs.

Verdict

Financial Force Accounting may be considered more expensive than some of its competitors, but it offers a comprehensive set of features and customization options that cater to businesses of various sizes and industries. With a pricing grade of 85 out of 100, it is a solid choice for companies looking for a scalable and flexible accounting software solution.

Vice Professor Answered on July 3, 2024.
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