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FinancialForce Accounting Review
Product Snapshot
Product Pricing
Contact vendor directly for pricing information.
Technology
Product is delivered on demand through the Salesforce1 Platform. The applications are embedded together and share the same infrastructure, database, development tools, reporting tools and user interface.
Customer Focus
Vendor works with companies of all sizes, from small home businesses to multinational enterprises.
Select Customers
Avid, Akamai, Hewlett Packard Enterprise, Seagate, Lexmark
About FinancialForce Accounting
FinancialForce Accounting brings your company an efficient and cost-effective accounting solution that works with users to keep organizations up to date in the ever-changing financial market. Easy to use and learn, FinancialForce Accounting gives users all the tools companies need: cash management, reporting and dashboards, ordering and billing, multi-company management, global tax management and analytics. FinancialForce Accounting provides businesses with real-time financial analysis and stores it on one system that the entire organization can access.
About the Company
Built on the Salesforce Platform, FinancialForce.com’s apps eliminate barriers and inefficiencies between the front and back office to help companies grow their top and bottom line. Founded in 2009, FinancialForce.com is backed by two of the biggest and best players in the business, UNIT4 and Salesforce.com.
FinancialForce Accounting Key Features
- Flexible, multidimensional chart of accounts
- Multi-currency and multi-company transaction handling
- Transfer costs between companies or business units with an inter-company journal
- Perform accruals with automatic reversing journals
- Automatic calculation of cumulative, year-to-date budgets for each period
- User and role-based dashboards provide real-time visibility
- Controlled invoice-to-pay processing
- Reduce keystrokes with document templates and electronic invoicing
- Use authorization workflow for automated invoice and expense approvals
- Set vendor credit limits and credit terms by vendor account
- Pay vendors by check or electronically
- Automatically calculate due dates and settlement discounts, based on vendor terms
- Prevent payment of duplicate invoices
- Define check printing formats
- Create invoices from Salesforce opportunities in a single click
- Set credit terms both globally and by customer account
- Automatic calculation of due dates and settlement discounts
- Automatically allocate payments to invoices based on document references and amounts
- Use tasks as reminders to chase past due accounts
- Use Chatter to collaborate with sales and service personnel on late payers and customer accounts
- Send statements and reminder letters by email
- Use “My Account,” a customer self-service billing portal
- Easily forecast cash flows and currency needs
- Set up multiple bank accounts in different currencies
- Record receipts from customers and refunds issued
- Record one-off payments to vendors and refunds to/from vendors
- Automatically reconcile bank statements without re-keying
- Record bank charges and interest shown on bank statement
- Create an order from a Salesforce opportunity, quote or custom object in a single click
- Create orders automatically in batch with “no-touch” order processing
- Generate invoices automatically from approved orders
- Eliminate manual processing, re-keying errors, spreadsheets and unnecessary databases with the single-cloud architecture
- Get complete visibility of the CRM-to-accounting cycle
- Improve order cycle times, cash flow and sales capacity
- Create an invoice directly from any activity in Salesforce CRM (standard or custom objects)
- Create a single invoice with multiple installment payment-due dates
- Set up recurring invoices for regular bills, such as an annual maintenance agreement invoiced monthly
- Generate accounting entries for FinancialForce Accounting or any on-premise ERP system
- Easily extend FinancialForce Accounting to the Financial Management Suite (Spend Management, Fixed Assets, Revenue Management) or to the complete FinancialForce ERP solution
- Stay in control and compliant with the only accounting system on the AppExchange that has completed a Service Organization Control 1 (SOC 1) Type II control audit by a Big 4 Accounting firm
- Point-and-click configuration on approvals
FinancialForce Accounting Screenshots
FinancialForce Accounting Videos
White Papers and Demos
White Paper provided by FinancialForce
“If you’re not growing as a company, then you’re dying." A common, yet powerful notion in this age of everything moving at hyper-speed, growth or downfall, can happen faster than you have time to react. A multitude of companies start off using entry-level tools for accounting, but as the business grows, so do the voids within the programs. These missing features seemingly get patched with the use of spreadsheets, email and other “solutions” that can end up causing more harm than good in the long run.
White Paper provided by FinancialForce
Have you outgrown your accounting system? If your platform is holding your business back with productivity-killing manual processes and workarounds, it's most likely preventing you from proper visibility into your operational finances, and a good night's sleep. If this sounds familiar, it's time to hang up the shackles of traditional modular software packages and explore business with the cloud.
White Paper provided by FinancialForce
In today’s digital economy there is no more “business as usual”. Mobile devices, social media, cloud computing and the internet are all accelerating the pace of business and forcing fundamental changes in the way companies compete and how finance must operate. It’s time to take a long, close look at your current accounting practices and say goodbye to anything that doesn’t support growth, social, mobile, or customer service.
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