FinancialForce.com Review

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About FinancialForce.com

FinancialForce Accounting is built for Salesforce CRM and is the first cloud accounting software ever released. FinancialForce Accounting streamlines critical financial processes such as invoicing, collections and the month-end close. The cloud accounting solution combines financial and sales data into one integrated system, and provides new levels of efficiency across the business.

At a Glance
FinancialForce.com Solutions

  • FinancialForce Accounting
  • Chatterbox
  • AppExchange

FinancialForce.com Highlights

  • 100% Real-Time System
  • Flexible chart of accounts and multi-dimensional analysis
  • Multi-company, multi-currency, multi-tax, and multi-cultural
  • Faster period closes
  • Single ledger application
  • Optimized order to cash process
  • Faster and more accurate billing
  • Extensive cash management facilities
  • Native Force.com application
  • Familiar Force.com user interface, customization, integration and reporting tools

What FinancialForce.com Can Do

FinancialForce provides easily-accessed reporting and modeling tools based on accurate, real-time information. The system delivers role-based dashboards, ad-hoc budgeting reports and spreadsheet-like reporting through its bridge app with Microsoft Excel. The flexibility of cloud computing means that all reports may be viewed from any Web-enabled device, including mobile devices.

Benefits of FinancialForce.com

  • FinancialForce Accounting streamlines billing and accounts receivable by generating invoices, handling multi-company and multi-currency transactions, deferred revenue recognition, and aged debt analysis
  • FinancialForce Accounting has strong accounts receivable capabilities that process and manage payments, track supplier details, and shares all vendor contact information with Salesforce CRM
  • FinancialForce Accounting drives performance through customizable dashboards and reporting that lets you conduct multi-dimensional analysis of revenue and costs
  • FinancialForce Accounting provides 360 degree user capabilities that provides sales and customer service teams with access to financial information to set up payment notifications and alerts. This reduces the risk of future sales to customers with poor collection histories.

Drawbacks

Depending on your view of end-to-end ERP systems, and salesforce.com in general, committing to FinancialForce.com may not be your cup of tea. The underpinnings of the solution push you towards replacing all business management systems with salesforce.com supported ones, which may be more change than you’re willing to make to your ERP systems. It is at its core an accounting solution, but FinancialForce.com will likely make every attempt to convince you to integrate many other salesforce.com systems at the same time.

Happy Customers

Wi-Fi Alliance, The Compliance Team, Cogent White Springs

(www.FinancialForce.com)