All Finario Reviews

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Benjamin

Food Production, 10,000+ employees

Used daily for less than 2 years

Review Source: Capterra
This review was submitted organically. No incentive was offered

OVERALL RATING:

5

EASE OF USE

4

VALUE FOR MONEY

4

CUSTOMER SUPPORT

4

FUNCTIONALITY

5

Reviewed October 2021

Finario Review

Our experience thus far has been positive but we still need to work with our users to ensure we are utilizing more of the functions and features that Finario offers.

PROS

The product accommodates complex org structures with varying approval processes and thresholds while providing a standardized template that helps evaluate and monitor projects in an efficient manner.

CONS

Some reporting features could be improved and some administration tools could be better - like reports showing unaccepted payments - which I understand is being worked on.

Reason for choosing Finario

Finario was the most "off the shelf" of the alternatives and allowed us to meet our needs while offering additional functionality with less implementation time and issues.

Reasons for switching to Finario

Additional functionality and technical support.

Vendor Response

Thank you so much for your review! We appreciate your input and are committed to incorporating the improvements you've asked for ... and to helping your users get maximum mileage out of our solution.

Replied September 2022

Joshua

Pharmaceuticals, 1,001-5,000 employees

Used weekly for more than 2 years

Review Source: Capterra

OVERALL RATING:

5

EASE OF USE

4

VALUE FOR MONEY

3

CUSTOMER SUPPORT

5

FUNCTIONALITY

3

Reviewed September 2022

An easy to use CapEx platform

The Finario team are extremely professional, attentive and supportive. We've been able to onboard users very quickly thanks to the intuitive system interface and overall had great success. Most importantly, system shortcoming are continuously addressed by the Finario team who seek to constantly enhance the user experience.

PROS

It's easy to teach to new users. Basic user functions like project creation, spend loading and business project reporting is efficient. The in-built approval matrix and account categories are also very flexible and a great time saver.

CONS

Detailed financial analysis is limited. The ROI calculations are very manual and not able to be reconciled to a manual replication. Depreciation features are limited and rigid. Forecasting is very manual and prior month data can't be locked making it prone to manual error after the period has closed.

Reason for choosing Finario

Despite being considerably more expensive, Finario had a much better user interface and catered to both back end finance users as well as front end operation and project teams. The in-built project approval matrix was also stronger in Finario.

Stephen

Mechanical or Industrial Engineering, 10,000+ employees

Used daily for more than 2 years

Review Source: Capterra

OVERALL RATING:

4

EASE OF USE

4

VALUE FOR MONEY

4

CUSTOMER SUPPORT

4

FUNCTIONALITY

4

Reviewed February 2023

Honest Finario review

Good capex management tool with potential to lead the pack. They continue to make improvements based on customer feedback and internal analysis.

PROS

Good tool for capturing project details , approval routing, investment planning, and setting yearly Capex budgets.

CONS

Although reporting is available, being able to build fully customizable reports with any project data point would be a nice addition.

Reasons for switching to Finario

Looking for improved approval routing and audit trails.

Emily

Dairy, 5,001-10,000 employees

Used weekly for less than 12 months

Review Source: Capterra

OVERALL RATING:

4

EASE OF USE

5

CUSTOMER SUPPORT

5

FUNCTIONALITY

4

Reviewed February 2024

Easy to implement!

PROS

The product team that we worked with to implement the tool and help educate us on the product was amazing to work with.

CONS

I didn’t love the push to have everything setup in production and then pushed to prod. We were able to level set with test environment first.

Fang

Mining & Metals, 10,000+ employees

Used more than 2 years

Review Source: Capterra

OVERALL RATING:

5

EASE OF USE

5

VALUE FOR MONEY

4

CUSTOMER SUPPORT

5

FUNCTIONALITY

5

Reviewed July 2021

Easy to setup and to use

Very nice application for companies that need to manage capex cross countries. It's user-friendly for both end user and administrator The application has API capacity which brings potential for interfacing information to other applications , such as ERP

PROS

The easy configuration and maintenance of the tool. We have users over 50 countries to manage , the solution is very stable and flexibly in workflow .

CONS

Not all pages are responsive to screen (phone, tablet)

Reason for choosing Finario

Easy to setup Nicer user interface Potential for new functionality

Reasons for switching to Finario

Too old technology , not suitable for the company

Vendor Response

Thanks very much for your valuable feedback! It's great to hear how your company has used our solution globally. Regarding mobile responsiveness, given the nature of the typical use-cases for our product, the vast majority of our users interact with Finario via a desktop or laptop computer. Those elements that are typically engaged on a mobile device, such as requests & approvals, are responsive to various screens. That said, we do recognize that there may be other instances where mobile optimization may be beneficial, so we are listening carefully to our user community for recommendations to factor into our road map.

Replied September 2021

Debbie

Mining & Metals, 1,001-5,000 employees

Used daily for more than 2 years

Review Source: Capterra

OVERALL RATING:

5

EASE OF USE

5

VALUE FOR MONEY

4

CUSTOMER SUPPORT

5

FUNCTIONALITY

4

Reviewed September 2022

Capital Management with Finario is a Smooth Process

Finario has been important for our organization to move from paper and manual signatures to a workflow process. With multiple locations and the need for signatures from more than one location this was critical. We have, over time moved from using the system primarily for the workflow to handling our annual (and 5 year plan) budgeting process. We have also used past projects to estimate future projects that are similar. I have provided a recommendation to potential buyers of Finario because I believe it is such a good product.

PROS

I like the ability to have everything about a project in one place and electronically. For each project we can attach quotes from suppliers, financial justifications and similar files. This is in addition to the basic information for a project such as description, expected operating life, rationale for the project and spend projection (forecast) plus actuals. It's all in there so the details can be added to the project over time and retained as a historic record of the project for future use in predicting costs for other similar projects.

CONS

The only thing my organization has wanted to see improvement on is reporting and there is much currently in progress for better, real-time reporting.

Reason for choosing Finario

It was before my time so I don't actually know.

Vendor Response

Thank you so much for your kind words -- we're thrilled that you're getting so much value out of the system, and expanding upon how you utilize its capabilities. As mentioned, we do have many updates in the works to make our reporting capabilities even better.

Replied September 2022

Hannah

Machinery, 1,001-5,000 employees

Used daily for more than 2 years

Review Source: Capterra

OVERALL RATING:

5

EASE OF USE

4

VALUE FOR MONEY

5

CUSTOMER SUPPORT

4

FUNCTIONALITY

5

Reviewed July 2021

Enpro

As the system administrator, my role has primarily been assisting the business units in my company. From a functionality standpoint, I continue to receive positive feedback on the tool from my business partners and have found that my colleagues are pleased with all that Finario has to offer for their capex needs/requirements.

PROS

The Finario software is a very intuitive tool in addition to having an easily accessible, extensive user guide that I have found sufficient to answer 95% of the questions that have arisen for me throughout the 2 years I have been using the software. The Finario support team is also always quick to help with any other questions.

CONS

The only pain point I have noticed with Finario is the ease of exporting data and reports from the system. However, the Finario team is always quick to aid and assist with providing data and able to create ad hoc reports if and when necessary.

Vendor Response

Thanks very much for your valuable feedback! It's gratifying to hear how user-friendly and valuable you find Finario to be. Regarding data exports, we are continually striving to make user data more accessible. This is reflected in the extensive out of the box reporting capabilities that are available along with custom reporting, which is continuously being enhanced as evidenced in some of our recent feature enhancements. Additionally, we are working with our integration partner on designing and releasing new reporting to supplement customer-specific requests, which we're excited to share with you in the near term.

Replied September 2021

Mark

Construction, 501-1,000 employees

Used daily for more than 2 years

Review Source: Capterra
This review was submitted organically. No incentive was offered

OVERALL RATING:

5

EASE OF USE

5

VALUE FOR MONEY

5

CUSTOMER SUPPORT

5

FUNCTIONALITY

5

Reviewed September 2021

Game Changer

As the title suggests, game changer. We went from an Excel/Google forms based system and workflow to Finario, it took us hardly any time to implement, and it works superbly.

PROS

Everything is in one place Document retention Transparency - investment owners can see exactly where their investment is in the process So easy to implement - we implemented and trained everyone within 8 weeks of making the decision to purchase Ease of use, and easy to deploy because it is cloud based Allowed us enough configuration to fit our business perfectly Excellent customer support Allows real time approval, cut down our approval time and process enormously

CONS

Nothing really - implementation was fast and it still works perfectly

Reason for choosing Finario

Configurability Cost Ease of implementation

Vendor Response

Thanks so much for your valuable feedback! We're thrilled to hear that Finario has been a "game changer" at your organization ... and look forward to our continued partnership.

Replied September 2021

Angela

Transportation/Trucking/Railroad, 5,001-10,000 employees

Used weekly for more than 2 years

Review Source: Capterra

OVERALL RATING:

5

EASE OF USE

5

VALUE FOR MONEY

4

CUSTOMER SUPPORT

4

FUNCTIONALITY

4

Reviewed July 2021

Finario Review

It's been really good and has served our needs well.

PROS

Product is very user-friendly and easy to navigate, even without in-depth training.

CONS

I would like more of an ability to customize and build reports - more of a drag and drop approach for specific fields depending on what type of information your after. I feel like most times we extract all the data and manipulate w/in Excel to get what we need.

Reason for choosing Finario

Not sure - was not involved in the initial purchase.

Vendor Response

Thanks so much for your valuable feedback! We're thrilled to hear that our platform has served your needs well. Regarding reporting, enhanced reporting capabilities are an important part of our product road map -- so you can expect to see many new features in the future. In the meantime, Finario's reporting capabilities are best-in-class in the category, and we're always eager to work with our customers directly to give them the data they need -- whether it's by using the 60+ standard reports in the system, or the extensive custom reporting capabilities. Stay tuned for more updates!

Replied September 2021

Aamir

Retail, 10,000+ employees

Used daily for more than 2 years

Review Source: Capterra

OVERALL RATING:

5

EASE OF USE

5

VALUE FOR MONEY

4

CUSTOMER SUPPORT

5

FUNCTIONALITY

4

Reviewed February 2023

Good product and easy to use

Fantastic!

PROS

Easy to use. Great support by all of the Finario team. Love working with [sensitive content hidden].

CONS

Reporting need to be better and flexible. Also training on API would be awesome

Reason for choosing Finario

Dave sold us on how this product would be better.

Reasons for switching to Finario

Maintenace and did not had approval routing feature

Jim

Packaging and Containers, 1,001-5,000 employees

Used daily for less than 6 months

Review Source: Capterra

OVERALL RATING:

5

EASE OF USE

5

VALUE FOR MONEY

5

CUSTOMER SUPPORT

5

FUNCTIONALITY

4

Reviewed September 2022

Simplified project funding approvals and capital planning

Altium is very happy with Finario. Our finance team is able to get forecast data and manage our capital plan, project managers can easily request funding for projects and IT appreciates the ease of configuration.

PROS

The workflow is exposed so submitters can see who has the ball and is next in line. It's clear where on form users should look for information about the request and don't have to hunt in multiple Excel tabs for the data they need to approve.

CONS

The product has multiple versions and while some of the features that are important are implemented better or enhanced in upgraded versions. Forecasting for assets that are paid for at milestones is possible in the version we have but is much better in Finario One.

Vendor Response

Thanks for your review! It's great to hear that you're pleased with your implementation.

Replied September 2022

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