FinancialForce is the cloud accounting app on the Salesforce platform. The app is ideal for growing sales and service-oriented companies who need more than a basic bookkeeping and transaction processing solution, especially if they already use Salesforce. The native integration with Salesforce CRM means that FinancialForce keeps all your client, invoicing, payment and revenue data synced and updated between applications. The advanced accounting engine includes single ledger design; a multidimensional chart of accounts; multi-currency, multi-country and global tax capabilities; and real-time business intelligence.
Some of the key accounting areas covered by FinancialForce include: General Ledger, Accounts Payable, Accounts Receivable, Cash Management, Ordering & Billing, and Invoicing. Within these areas there are tools for creating invoices and orders, paying refunds, bank reconciliation, paying vendors, handling multi-currency and multi-company transactions, and much, much more. All of these activities are easily tracked with real-time reporting and visibility with live Profit & Loss reports, report templates and custom reports.
The General Ledger feature in FinancialForce includes a flexible, multi-dimensional chart of accounts. It handles multiple currencies, allows you to transfer costs between businesses, perform accruals and calculate year-to-date budgets. The Accounts Payable and Accounts Receivable features provide electronic invoicing, credit terms and limits management, discount management, and vendor payments. The cash management features of FinancialForce Accounting let you monitor and forecast cash balances. You can record bank charges, reconcile statements, and manage multiple bank accounts in different currencies.Show more screenshots »
FinancialForce Accounting forms part of the wider FinancialForce ERP product family which offers a complete financial management module including products for spend management, fixed assets and revenue recognition, along with the accounting app. FinancialForce is built on the Salesforce1 platform, a leader in the cloud computing industry.
FinancialForce is also backed by Unit4, a global cloud-focused business software company and Advent International, one of the largest global investors. FinancialForce Accounting is used by a large number of companies in a range of industries - from small businesses in electronics, advertising, IT, electronics and communications, to large enterprises such as the University of Houston.
FinancialForce Accounting is a scalable accounting solution that can be implemented by small business as well as large enterprises and can grow to meet the demands of the company. FinancialForce offers all the expected accounting app features, such as order and invoice creation, General Ledger, Accounts Payable and Account Receivable. However within these titles comes a host of tools and capabilities to automate, customize, track and manage all manner of accounting tasks in great detail.
The app offers flexible accounting with the ability to manage multiple currencies, companies and global tax. It also provides deep insights and reporting for complete, financial visibility in real-time. Its native integration with Salesforce means that account details in your CRM and accounting app are always speaking to each other.
FinancialForce resides on the Force.com platform, the same platform as Salesforce CRM and all Salesforce products. This means that the blue and white interface is familiar and easy to adopt for existing Salesforce users. Both apps use the same infrastructure, layout and design, database, reporting tools and user interface, as well as the same logins. FinancialForce accounting display key metrics through graphs and charts that are easy to read, with data on items such as large purchases, expense analysis, items to approve and overdue bills. The app’s interface adapts to work on smart phones, tablets and iPads.
To start using the FinancialForce Accounting app you need to click on the “Let’s talk” button on the right top hand corner of each page of their website. This will lead you to a form to fill out. You need to enter your company email, your name, job title and country, along with some info on your companies use of Salesforce. A sales consultant will contact you upon submitting the form to decide the best plan for your needs and give you access to a free 14-day trial.
FinancialForce Accounting is based on a subscription model and prices are quoted upon submission of the online form. There is a free 14-day trial available.
FinancialForce is the perfect choice for existing Salesforce users due to its native integration and identical interface. The app is thereby a good solution for customer service and sales-oriented companies. It is suitable for companies of all sizes and has as many SMB clients as it does large enterprise customers. The multi-currency, multi-company accounts and global tax features match a multinational organizations needs. FinancialForce's current clients come from a range of industries including advertising, healthcare, IT, media, education, manufacturing, non-profit and more.