Are you still using spreadsheets and emails to manage your accounting firm? You’re not alone. Many firms suffer from aged systems that stall workflows and cause communication issues.
With an expected accounting software market size of $70.2 billion by 2030, innovative tools like Firm360 are changing the game in firm management. This software, which works on the cloud, helps people run their firms better. But how does Firm360 compare against Cone, Karbon, and Financial Cents? In this post, we examine Firm360's features, pricing, and top alternatives to help you make a choice.
What is Firm360?
Firm360 is a cloud-practice management platform for accounting firms. It features a mix of functionality such as client management, document management, time management, billing, and project management in the same place. Firm360 is designed to simplify day-to-day operations, boost team collaboration, and improve efficiency within firms.
Also Read: A well-organized accounting firm organizational structure plays a crucial role in managing workload and scaling operations.
Features of Firm360
Firm360 offers a comprehensive suite of features to address the multifaceted needs of accounting practices:
- Client Management: Client Management gathers all related information about your client in one place.
- Document Management: Document Management helps with secure storage and organization of documents to allow easy access and sharing among teams.
- Secure Client Portal: Clients can upload and download documents that enhance communication through a secure client portal.
- Time Tracking and Billing: You can track billable hours accurately and invoice clients quickly to get paid on time.
- Advanced Reporting: Get customized reports about how the firm is doing, find out what works and does not work and make better decisions.
- Custom Fields: You can modify fields in the data according to your needs.
- Integrations: Works with various apps to integrate easily.
For firms looking to enhance their accounting workflow process, Firm360 offers automation tools that eliminate redundant tasks and optimize efficiency.
Who is Firm360 For?
Firm360 is a software made for accounting professionals and accounting firms of different sizes. It includes small firms, mid-sized firms, and larger firms.
- Small Firms: Great for solo and small firms looking to simplify workflows, automatize tedious processes, and enhance collaboration without the hassle of enterprise-level solutions.
- Mid-Sized Firms: As firms grow, they often experience increasing project complexity and client demands. Mid-sized firms can have advanced project management, workflow automation, and reporting tools.
- Large Firms: Tailored for well-established firms with a high volume of clients and complex workflows. This solution features strong integrations, document management, and security options to help firms scale.
Also Read: Many firms transitioning to modern solutions explore accounting automation ideas to minimize manual work and maximize output.
Firm360 Pricing and Plans
Firm360 offers three pricing tiers, with costs based on annual billing:
1. Basic
- $49 / month
- No user minimum
- Prices based on annual billing
2. Standard
- $79 / month
- 3-user minimum
- Prices based on annual billing
3. Premium
- $99 / month
- 3-user minimum
- Prices based on annual billing
- Custom pricing
Top 3 Alternatives to Firm360
Firm360 offers an impressive set of features, but it may not suit everyone’s requirements. If you are considering Firm360 alternatives to find the best fit for your firm's unique needs, here are three other options that you could benefit from:
1. Cone
Cone is a comprehensive accounting practice management software for accountants and bookkeepers. It offers a unique set of features that ensures all essential processes from creating proposals to collecting payments are made easy and efficient for its users.
Best Features
- Proposals: Create stunning, automated proposals and engagement letters in seconds.
- Project management: Proposal templates, deadlines, and automation help to streamline workflows.
- Workflows - Cone helps you collaborate with your team, assign emails, create tasks, and organize messages by client.
- Client Portal: Provide a smooth means of sharing documents and payments, plus communication channels for clients.
- Integrated Email: Manage emails efficiently with e-sign capability.
- Billing: Invoice automation, allowing multiple payment methods, and syncing accounting software.
- Automation: Save time with smart automation for workflows, tasks, and invoicing.
- Security: Enterprise-grade security ensures your firm’s data remains safe.
Pricing:
- Starter plan: $5 for a month - billed annually | $8 for a month - billed monthly
- Essentials plan: $11 for a month - billed annually | $16 for a month - billed monthly
- Growth plan: $17 for a month - billed annually | $24 for a month - billed monthly
Try for free today!
2. Karbon
Built to scale, Karbon practice management software is collaborative practice management software designed specially for accounting firms. It offers deep workflow automation and team collaboration tools.
Top Features:
- Email Collaboration: Teams can convert emails into actionable tasks and manage client communications efficiently using this tool.
- Workflow Automation: Makes processes more efficient and assigns and tracks tasks automatically.
- Time and Budget Tracking: The software provides real-time updates on the status of tasks
- Client Collaboration Portal: Helps improve communication with clients.
- Customizable Templates: The software allows organizations to customize templates to standardize workflows.
Pricing:
- Team plan: $59 for a month - billed annually | $79 for a month -billed monthly
- Business plan: $89 for a month - billed annually | $99for a month - billed monthly
- Enterprise has custom pricing
Pro Tip: Check out Karbon pricing plans in detail here.
3. Financial Cents
Financial Cents is a cloud-based practice management software specifically tailored for small to mid-sized accounting firms, focusing on task automation and efficiency.
Top Features:
- Workflow Monitoring: Allows you to see what is underway or what deadlines are approaching in a live-updating dashboard.
- Automated Assigned Task Notifications: Keeps team members on task through automatic reminders.
- Time Management and Invoicing: Takes time tracking a step further by alerting potential invoices.
- Centralized Client Management CRM: Visualize all client information in one place.
- Secure Document Sharing: Share documents with clients but in a secure manner.
Pricing:
- Solo Plan: $19 for a month - billed annually
- Team Plan: $49 for a month - billed annually | $69 for a month -billed monthly
- Scale Plan: $69 for a month - billed annually | $89 for a month - billed monthly
- Enterprise has custom pricing
Choosing the Right Software
Accounting firms require practice management software that combine automation to streamline processes, provide billing and invoicing support, and improve collaboration all while staying legally complaint. While Firm360, Karbon, and Financial Cents are a few noteworthy options, Cone is a comprehensive software that is touted for its superior end-to-end automation capabilities, smooth integrations, host of features like billing and invoice automation, proposal templates, and secure e-signs that only improve ease of use for accountants, but also improves productivity and end results. If you are looking to upgrade your accounting firm tech stack, Cone may be the ideal choice for you.Try Cone’s free trial today!