Certinia (FinancialForce) vs. QuickBooks: Choosing the Right Financial Management Solution

Gone are the days of spreadsheets to manage finances. In the era of digital transformation, accounting, and automation go hand in hand. FinancialForce and QuickBooks are accounting tools that can overcome the business challenges of manual finance control.  

Certinia (FinancialForce) vs. QuickBooks! Which one to choose? 

How will you know which is more suited for your business? In this blog, we will compare the features and functions of QuickBooks and FinancialForce Accounting so that you can go for the best money management tool that meets your business needs. 

What is Financial Management Software? 

Enterprises are always on the lookout for growth and productivity. Financial Management software allows that by streamlining the different verticals of the finance department. These verticals include revenue, accounting, income, cash flow, expenses, revenue forecasting, budgeting, payroll, inventory tracking, and more.  

With automation at its core, the software eliminates the use of spreadsheets, thereby reducing manual repetitive tasks. Automation also reduces errors in transactions and monitors potential fraud or risks. Effective financial Management solutions facilitate teamwork with real-time information on the financial status of the company. 

FinancialForce Accounting and QuickBooks are the best financial management tools available in the market at present. Both these tools have engaging functionalities that will offer suitable solutions and make your business profitable. 

What is Certinia (FinancialForce) Accounting?

FinancialForce Accounting is financial management accounting software for medium, small, and large-sized businesses, that is built on the Salesforce platform. This software provides reliable accounting and financial planning solutions through a unified view of business that enhances customer engagement. FinancialForce Accounting optimizes revenue goals by managing the cash flow of a business to ensure profits and reduce accounting errors. 

FinancialForce Accounting Features

• Chart of Accounts 
• Accounts payable 
• Accounts receivable 
• Balance sheet 
• Income statement 
• Cash flow 
• Trial balance 
• Income statement 
• Journal 

What is QuickBooks?

QuickBooks is accounting and bookkeeping software that helps to maintain the revenue of small and medium-sized businesses. QuickBook’s Financial Management solutions help to create and share invoices, automate tracking of bills and expenses, pay bills online, create financial statements, and generate inventories. QuickBooks functions optimize the bookkeeping process with automated transactions and easy-to-use features. 

Features of QuickBooks

• Bookkeeping 
• Income and Expenses 
• Custom invoices and quotes 
• Reports 
• Inventory 
• Payroll 
• Time-tracking 

Pros and Cons of Certinia (FinancialForce) and QuickBooks? 

Before installing a financial management solution, you must know the advantages and drawbacks of the product. This will help you in analyzing the long-term benefits of the tool in making your business sustainable. 

Pros of FinancialForce	Pros of QuickBooks
FinancialForce is built on the Salesforce platform and has a very intuitive interface that is user-friendly.	A user-friendly interface with ample learning resources is one of the best uses of QuickBooks.
It is one of the best finance tools for business as it automates time-consuming tasks like journal entries.	This finance planning tool can easily integrate with other applications and third-party platforms.
As this Financial Management solution is built on the Salesforce platform, it can easily integrate with Salesforce.	The cloud-based version of QuickBooks allows users to manage financial accounting activities from remote locations.
It is a highly scalable application fit for all types of businesses.	The advanced invoicing, payroll, and inventory features save time and money for users.
The software manages all types of currency requirements and supports multiple currencies.	Among the QuickBooks functions, customizable reporting gives visible business insights and improves business decisions.

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Cons of FinancialForce	Cons of QuickBooks
The implementation of the software is time-consuming.	This software is primarily focused on bookkeeping.
The customer support function does not respond actively and quickly.	QuickBooks is meant for small-size businesses, hence only a limited number of users can access the finance control software.
The software is expensive and not useful for small businesses.	It is expensive for users to upgrade to an advanced version of QuickBooks.
The software does not support a mobile-friendly portal for Android users.	The cloud storage version of the software is vulnerable to security threats and data leakage.

Certinia (FinancialForce) vs QuickBooks – Which is Better? 

A comparison between the money management tools will help you to understand which software will meet your business objectives and provide ROI. 

Features	FinancialForce	QuickBooks
Integration	Can easily integrate with Salesforce apps. Allows third-party integrations, custom integrations, and API integrations.	Can integrate with payroll apps and e-commerce solutions
Customization	Can be customized as per specific business needs and with other applications	Customizable reports and invoices to meet business requirements
Interface	A user-friendly interface with real-time dashboards like Salesforce.  It has a small learning curve and resources for inexperienced users.	Intuitive interface with learning resources.
Functionalities	Automated billing, invoicing, cash management, General Ledger, Revenue management, Workflow sharing, account payable and receivable, credit notes, cash entry, multi-currency support, and journal entry.	Live bookkeeping, Automated payroll, cheque signing, cash flow, inventory management
Security	Protects the security, integrity, and confidentiality of customer data. Shares security protocols with Salesforce. continuous risk assessment and monitoring of security vulnerabilities.	The online version is prone to security threats and cyber-attacks.
Customer service	Provides omnichannel customer support across phone, email, chats, SMS, and social media. Learning resources and customer communities for self-help.	Learning resources and one-on-one customer support through online forums.
Scalability	Highly scalable and appropriate for all kinds of businesses (small, medium, and large). Can be scaled up or down as per business needs.	Appropriate for small-sized and medium-sized businesses. It has limited user access.
Pricing	Flexible pricing with free trials and quote-based plans.	The basic version has limited user access. The advanced version is expensive as compared to similar finance control tools.

Certinia (FinancialForce) vs QuickBooks: Which Financial Management Solution Should You Choose? 

Now that we know the difference in Certinia (FinancialForce) vs QuickBooks, it is quite evident that FinancialForce Accounting is much more reliable than QuickBooks. It is a cloud-based finance control tool that unifies front and back-office operations to remove data redundancies and streamline the accounting process. 

Let us look at the top 5 benefits of using FinancialForce Accounting software: 

• It is highly flexible software with an intuitive interface that is fit for all types of businesses and is easily scalable. 
• The finance control tool can be easily integrated with other applications and customized as per business needs. 
• FinancialForce Accounting has automated features that offer real-time views of workflows helping users make insightful decisions. 
• The advanced features of the software like the chart of accounts, reporting templates, billing, transactions, and multi-currency improve the speed and accuracy of accounting. 
• The enhanced security features of the tool protect customer data from threats thus making it reliable and efficient. 

Final Thoughts 

FinancialForce Accounting is the best choice when it comes to making your accounting operations seamless. If you want to know more about FinancialForce Accounting and how it can help your business grow, we are here to help! We are AblyPro, a registered FinancialForce implementation, and Managed Services partner. Contact us today for a hassle-free implementation and get your business back on track. 

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