Comparison of HugeProfit and Finmap
Today, probably, there are no entrepreneurs who have not automated their business. Financial accounting, shipments and logistics, warehouse management, and customer interaction – all of this becomes practically impossible without the use of CRM systems. Considering the high demand for such software, there are quite a few of them on the Ukrainian market today.
HugeProfit and Finmap – these are two really good systems aimed at facilitating the work of entrepreneurs. The services often delight customers with updates and new features, as well as constant technical support.
Moreover, these are two Ukrainian startups, which provide good support for domestic manufacturers.
However, when choosing between these services, you need to decide what you want to focus on: solely on finances (Finmap), or on full business automation (HugeProfit).
So let’s compare these two popular services based on their functionality and capabilities.
| HugeProfit | Finmap | |
| How can the service help you? | This is a business management system for medium, small, and micro entrepreneurs. HugeProfit is designed to automate basic financial processes: inventory tracking, sales control, and visual representation of income and expenses. | This is a financial accounting tool for small and medium-sized businesses. Finmap is based on proprietary technology that allows for automatic categorization of business transactions into accrued revenues and expenses and cash flow movement. As a result, the service can automatically generate P&L and CashFlow reports. |
| Access | The system operates as a web version and a mobile application for Android (soon also for iOS). | The system operates as a web version. |
| Who is it suitable for | The service is suitable for anyone involved in sales: from large marketplaces to small local shops, or sellers on any online platforms. | The service is suitable for anyone involved in services or simply financial accounting without inventory management. |
| Main Features | 1. Product management: supply, purchases, price tag printing, and profit; 2. Financial accounting and multicurrency support: ability to manage multiple accounts in different currencies; 3. Customer interaction: tracking of loyal customers, reminders of their birthdays, loyalty programs; 4. Integration with POS: automatic creation of fiscal receipts; 5. Integration with UkrPoshta/Nova Poshta: creation and tracking of invoices; 6. Integration with WooCommerce, Prom, Rozetka; 7. Tracking of the most profitable sales channels; 8. Other. | 1. Integrations with banks and other services (new ones are constantly being added); 2. Cash gap forecasting and payment calendar; 3. Reports on Accounts Receivable and Accounts Payable; 4. Automatic P&L and CashFlow reports; 5. Expense calendar; 6. Reports on all actions in the system; 7. Automatic reports on project profitability and different business directions. 8. Other. |
| Pricing | ● “Trial” Plan: Ability to add 100 products and make 20 sales/month. Cost: FREE. ● “Beginner” Plan: Ability to add 300 products and make 100 sales/month. Cost: 99 UAH/month. ● “Confident” Plan: Ability to add 1000 products and make 300 sales/month. Cost: 199 UAH/month. ● “Pro” Plan: Ability to add 3000 products and make 600 sales/month. Cost: 299 UAH/month. ● “Business Shark” Plan: Ability to add 99999 products and make 100000 sales/month. Cost: 999 UAH/month. | ● Trial version: 2 weeks (FREE). ● “Business Lite” Plan: Per month – $14/month; For six months – $13/month; For a year – $12/month. ● “Business Pro” Plan: Per month – $40/month; For six months – $35/month; For a year – $30/month. |
Conclusion
What do HugeProfit and Finmap have in common?
Both services are aimed at easing entrepreneurial activities. With them, you can track cash flow, income and expenses, monitor user actions (your employees), and also create analytics and reports. Both programs are multicurrency, so you can handle financial accounting in any currency in the world.
What sets HugeProfit and Finmap apart?
Essentially, Finmap is designed more for financial accounting and reporting than for complete business control. In other words, with Finmap, you can check how much money you’ve earned, how much you’ve spent, divide these expenses and profits into categories, and more. If you choose this service for your store, you can only track how much you’ve spent on purchasing goods and how much you’ve earned from them. However, you can integrate it with banks and import transactions.
On the other hand, with HugeProfit, you can find out your profit from a product, see how much of that product is left in stock, calculate markup margins, track logistics, and work directly with marketplaces like Prom, Woocommerce, and more. Moreover, you’ll have full control over inventory management, costs, purchases, customer base, and buyers.
In other words, HugeProfit allows you to fully automate your business, from purchasing products to delivering them to customers. Finmap, on the other hand, helps you manage the financial aspects of your business.
With HugeProfit, you can automate the entire business cycle, from purchasing goods and setting prices to shipping those goods to customers. With Finmap, you’ll have the ability to track your expenses, such as purchases, as well as profits from sales and more. Both of these services are worth considering. However, for retail businesses, HugeProfit offers a greater range of functionality. The choice is yours.