FinancialForce HCM
How much does it cost to purchase and implement FinancialForce?What is the break-down cost of licenses, maintenance and support, installation, customization, data migration and training?
Software price
FinancialForce HCM offers a subscription-based pricing model. The cost of the license per user per month starts at $10 for the Core plan, $15 for the Plus plan, and $20 for the Premium plan.
Plans compared
The Core plan includes basic HR functionalities, the Plus plan adds advanced features like performance management and analytics, while the Premium plan offers additional benefits such as advanced reporting and compliance tools.
Plans fit
The Core plan is suitable for small businesses with up to 50 employees, the Plus plan is ideal for mid-sized companies with 50-500 employees, and the Premium plan is best for large enterprises with over 500 employees.
Other cost
Implementation cost varies depending on the complexity of the business and can range from $5,000 to $50,000. Customization cost starts at $2,000 for small businesses and can go up to $20,000 for large enterprises. Training cost is estimated at $500 per user for small businesses and $1,000 per user for large enterprises.
One time fees
FinancialForce HCM does not require any specific hardware or servers. There are no one-time fees associated with the software.
Alternatives compared
Compared to alternatives like BambooHR, Zenefits, and Gusto, FinancialForce HCM is priced competitively, offering a robust set of features at a similar cost. However, it may be more expensive than some smaller HR software providers like Zoho People or Freshteam.
Verdict
FinancialForce HCM is competitively priced compared to its alternatives, offering a comprehensive HR solution for businesses of all sizes. It scores 85 out of 100 in terms of pricing, making it a cost-effective choice for companies looking for advanced HR functionalities.
