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Xero vs Favro Comparison

Overview

Xero is a cloud-based small business accounting software with tools for managing invoicing, bank reconciliation, inventory,...

Favro brings business agility by empowering teams to work autonomously, while also aligning their planning towards company objectives.

  • Platforms supported
  • Web-based
  • iPhone app
  • Android app
  • Windows Phone app
  • Typical customers
  • Freelancers
  • Small businesses
  • Mid size businesses
  • Large enterprises
  • Customer support
  • Phone
  • Online
  • Knowledge base
  • Video tutorials
  • Platforms supported
  • Web-based
  • iPhone app
  • Android app
  • Windows Phone app
  • Typical customers
  • Freelancers
  • Small businesses
  • Mid size businesses
  • Large enterprises
  • Customer support
  • Phone
  • Online
  • Knowledge base
  • Video tutorials

Screenshots

Pricing

Starting from
$12.50/mo.month
  • Free trial available
  • No credit card required
  • Free account
  • Subscription based
Starting from
$6.80/mo.month
  • Free trial available
  • No credit card required
  • Free account
  • Subscription based

User reviews

5

4

3

2

1

1,120

523

174

54

72

  • Value for money
  • Ease of use
  • Features
  • Customer support
92%
would recommend this app

5

4

3

2

1

204

162

30

4

2

  • Value for money
  • Ease of use
  • Features
  • Customer support
97%
would recommend this app

Pros

The ease of creating a quote, changing it to an invoice once the client has accepted it, is a great add on. The ability to add inventory items on the fly is very welcoming.
Finances are easier to keep up to date and more frequently, the software updates are seamless, the reports are great, the integrations are outstanding, and the service is super.
On the dashboard you can see clearly, outstanding invoices and overdue invoices. This is essential for our team to access these numbers quickly and clearly.

Pros

But one of the best parts of Favro is their responsive and intelligent customer service reps who are able to answer questions quickly and effectively.
I also like how you can see a full history of everything that has happened. The workflow rules are nice (these seem pretty basic though - would love more options for these).
I love the fact that it incorporates a spreadsheet element and "cards" and seamlessly pulls from one to the other. Super easy to wrap my head around that system.

Cons

Remember clear that when there was some technical problem the take no accountability. First It made me angry but then everything arranged.
Constant problems with integrated software for synching with bank & transactions. EXTREMELY poor customer service and it's ALWAYS the other software regardless of the problem.
There is no simple customer sales reports available. Quite ridiculous for a financial platform.

Cons

Sometimes I have seen the app completely not working with some internal server error. It was really bad to see that.
Also, when a large number of subtasks appear, the workflow threatens to turn into chaos. Therefore, I believe that we need to add more structuring tools to the interface.
The mobile application seems a little uneasy to use, they should work on the mobile platform more for this product.
  • Vendor responds to reviews
  • Last review9 days ago
  • Vendor responds to reviews
  • Last review5 months ago

Key features

  • Total features78
  • @mentions
  • API
  • Access Control
  • Activity Dashboard
  • Ad hoc Reporting
  • Agile Software Development
  • Application Integration
  • Assessment Management
  • Assignment Management
  • Auto-Matching
  • Automated Scheduling
  • Automatic Backup
  • Automatic Notifications
  • Balance Sheet
  • Bank Reconciliation
  • Billing & Invoicing
  • Budgeting
  • Business Analysis
  • Calendar Management
  • Cash Flow Management
  • Charting
  • Check Printing
  • Collaboration Tools
  • Collaborative Workspace
  • Collections Management
  • Commenting
  • Contact History
  • Contact Management
  • Credit Card Processing
  • Currency Conversion
  • Customer Database
  • Customer History
  • Customer Segmentation
  • Customizable Branding
  • Customizable Reporting
  • Customizable Templates
  • Cycle Count
  • Data Import
  • Data Import/Export
  • Deadline Management
  • Depreciation Calculation
  • Depreciation Tracking
  • Document Management
  • Document Storage
  • Document Templates
  • Drag & Drop Interface
  • Electronic Payments
  • Email Integration
  • Email Templates
  • Employee Management
  • Estimating
  • Expense Claims
  • Expense Tracking
  • File Transfer
  • Financial Analysis
  • Financial Management
  • Fixed Asset Management
  • Forecasting
  • General Ledger
  • Goal Setting / Tracking
  • Ideation
  • Inventory Management
  • Inventory Tracking
  • Invoice Management
  • Invoice Processing
  • Issue Management
  • Mobile Integration
  • Monitoring
  • Multi-Currency
  • Order Confirmation
  • Order Management
  • Order Tracking
  • Payroll Management
  • Performance Reports
  • Permission Management
  • Physical Asset Tracking
  • Planning Tools
  • Price Management
  • Prioritizing
  • Product Data Management
  • Profit / Loss Statement
  • Progress Reports
  • Progress Tracking
  • Project Management
  • Project Planning
  • Project Time Tracking
  • Project Workflow
  • Projections
  • Purchase Order Management
  • Quote Management
  • Real Time Data
  • Real Time Reporting
  • Real Time Updates
  • Receipt Management
  • Receiving
  • Recurring Billing
  • Reimbursement Management
  • Retail Inventory Management
  • Sales Tax Management
  • Sales Tracking
  • Search Functionality
  • Single Sign On
  • Status Tracking
  • Stock Management
  • Summary Reports
  • Tagging
  • Task Management
  • Task Planning
  • Task Scheduling
  • Task Tracking
  • Template Management
  • Third Party Integration
  • To-Do List
  • Transaction History
  • Two-Factor Authentication
  • Workflow Management
  • Total features50
  • @mentions
  • API
  • Access Control
  • Activity Dashboard
  • Ad hoc Reporting
  • Agile Software Development
  • Application Integration
  • Assessment Management
  • Assignment Management
  • Auto-Matching
  • Automated Scheduling
  • Automatic Backup
  • Automatic Notifications
  • Balance Sheet
  • Bank Reconciliation
  • Billing & Invoicing
  • Budgeting
  • Business Analysis
  • Calendar Management
  • Cash Flow Management
  • Charting
  • Check Printing
  • Collaboration Tools
  • Collaborative Workspace
  • Collections Management
  • Commenting
  • Contact History
  • Contact Management
  • Credit Card Processing
  • Currency Conversion
  • Customer Database
  • Customer History
  • Customer Segmentation
  • Customizable Branding
  • Customizable Reporting
  • Customizable Templates
  • Cycle Count
  • Data Import
  • Data Import/Export
  • Deadline Management
  • Depreciation Calculation
  • Depreciation Tracking
  • Document Management
  • Document Storage
  • Document Templates
  • Drag & Drop Interface
  • Electronic Payments
  • Email Integration
  • Email Templates
  • Employee Management
  • Estimating
  • Expense Claims
  • Expense Tracking
  • File Transfer
  • Financial Analysis
  • Financial Management
  • Fixed Asset Management
  • Forecasting
  • General Ledger
  • Goal Setting / Tracking
  • Ideation
  • Inventory Management
  • Inventory Tracking
  • Invoice Management
  • Invoice Processing
  • Issue Management
  • Mobile Integration
  • Monitoring
  • Multi-Currency
  • Order Confirmation
  • Order Management
  • Order Tracking
  • Payroll Management
  • Performance Reports
  • Permission Management
  • Physical Asset Tracking
  • Planning Tools
  • Price Management
  • Prioritizing
  • Product Data Management
  • Profit / Loss Statement
  • Progress Reports
  • Progress Tracking
  • Project Management
  • Project Planning
  • Project Time Tracking
  • Project Workflow
  • Projections
  • Purchase Order Management
  • Quote Management
  • Real Time Data
  • Real Time Reporting
  • Real Time Updates
  • Receipt Management
  • Receiving
  • Recurring Billing
  • Reimbursement Management
  • Retail Inventory Management
  • Sales Tax Management
  • Sales Tracking
  • Search Functionality
  • Single Sign On
  • Status Tracking
  • Stock Management
  • Summary Reports
  • Tagging
  • Task Management
  • Task Planning
  • Task Scheduling
  • Task Tracking
  • Template Management
  • Third Party Integration
  • To-Do List
  • Transaction History
  • Two-Factor Authentication
  • Workflow Management

Integrations

  • Total integrations888
  • Authorize.net
  • Dropbox Business
  • FreshBooks
  • Magento Commerce
  • Microsoft Dynamics GP
  • Microsoft Excel
  • NetSuite
  • PayPal
  • QuickBooks Online
  • QuickBooks Online Advanced
  • SAP Business One
  • Sage Intacct
  • Salesforce Sales Cloud
  • Shopify
  • Slack
  • Stripe
  • WooCommerce
  • Workato
  • Xero
  • Zapier
  • Total integrations11
  • Authorize.net
  • Dropbox Business
  • FreshBooks
  • Magento Commerce
  • Microsoft Dynamics GP
  • Microsoft Excel
  • NetSuite
  • PayPal
  • QuickBooks Online
  • QuickBooks Online Advanced
  • SAP Business One
  • Sage Intacct
  • Salesforce Sales Cloud
  • Shopify
  • Slack
  • Stripe
  • WooCommerce
  • Workato
  • Xero
  • Zapier

Security

  • Encryption of sensitive data at rest
  • HTTPS for all pages (web-based apps)
  • Reports/alerts for security breaches
  • Multifactor authentication options
  • Customer data removed upon service cancellation
  • Encryption of sensitive data at rest
  • HTTPS for all pages (web-based apps)
  • Reports/alerts for security breaches
  • Multifactor authentication options
  • Customer data removed upon service cancellation

Xero vs. Favro

See how Xero and Favro stack up against each other by comparing features, pricing, ratings and reviews, integrations, screenshots and security. Compare real user opinions on the pros and cons to make more informed decisions.

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