An end-to-end financial management solution built on the Salesforce platform.

About FinancialForce

FinancialForce is an accounting system delivered on-demand from Force.com, the world’s leading cloud computing platform pioneered by Salesforce. It is a unique and effective financial management system in its own right, but is also the perfect complement to Salesforce CRM. The two application suites form a complete, end-to-end CRM to accounting solution all in the Salesforce environment, offering unparalleled efficiency and economies of scale.

Video Overview

Easy to implement and trouble-free to maintain, FinancialForce Accounting helps you bring back office data to the front, eliminating data silos, and allowing you to align sales, service and finance on a single cloud platform. FinancialForce Accounting can support everything from the smallest virtual organization to the most complex multinational corporation. What you get is an efficient and cost-effective solution that goes well beyond basic bookkeeping and transaction processing, spawning a new generation of financial management applications.

Take advantage of modern, world class systems and applications without the IT costs and headaches. With FinancialForce Accounting, you can:

  • Create accurate invoices in one click
  • Reduce the resources needed for billing and ordering
  • Enjoy real time reporting and multidimensional business analysis
  • Give Finance, Sales & Service a 360° view of the customer
  • Full accounting functionality that can scale with you
  • 100% real-time system
  • Flexible chart of accounts and multi-dimensional analysis
  • Multicompany, multicurrency, global tax, multicultural

Pricing

  • Starts at $175/user/month for core user access to all features
  • Executive users start at $125/month for read-only access
  • Sales users are only $10/month for access to view some data

FinancialForce requires a minimum number of users and will be priced based on license type, modules, and a variety of discounts available, A small business can expect to pay around $9,000 annually to use FinancialForce.

Accounts Payable

Accounts Payable – Streamlined, 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 your own check print formats.

Accounts Receivable

Accounts Receivable – Streamlined, Seamless Opportunity to Cash Processing

  • Create invoices from Salesforce opportunities in a single click.
  • Set credit terms both globally and by customer account.
  • Automatically calculate of due dates and settlement discounts.
  • Automatically calculate payments to invoices based on document references and amounts.
  • Use tasks as reminders to chase past due accounts. vUse Chatter to collaborate with sales and services personnel on late payers and customer issues.
  • Send statements and reminder letters by email.
  • Use “Your Account” a customer self-service billing portal.
  • Automate lockbox transaction processing with the FinancialForce.com cash matching API.

Cash Management

Cash Management – Optimize Your Cash Flow and Working Capital

  • Easily forecast cash flows and currency needs.
  • Set up multiple bank accounts in different currencies.
  • Pay customer refunds from A/R without duplicating records in A/P
  • Record one-off payments to vendors and refunds to/from vendors.
  • Automatically reconcile your bank statements without re-keying.
  • Record bank charges and interest shown on your bank statement.

General Ledger

General Ledger – Flexible, Efficient and Always in Balance

  • Flexible, multi-dimensional 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.
  • Standard and customizable financial report templates.

Ordering & Billing

Ordering and Billing – Eliminate Manual Processes and Complex Integrations!

  • Create an order from a Salesforce opportunity, quote or custom object – in a single click.
  • Create orders automatically in batch – no-touch order processing.
  • Generate invoices automatically from approved orders.
  • Eliminate manual processing, re-keying errors, spreadsheets and unnecessary databases.
  • Get complete visibility of the CRM-to-Accounting cycle.
  • Raise 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 on-premise ERP system.

Reporting

Reporting and Dashboards - Improve Decision Making Across the Organization

  • Combine sales, service and finance data in single report, single dashboards
  • Deliver financial reporting and key metrics straight from the cloud to your browser, tablet or mobile devices
  • Get full drill down and full drill across type reports
  • Get alerts when financial thresholds are exceeded
  • Eliminate emails by using Chatter on reports, accounts and transactions
  • Get started fast with an extensive library of ready to run report templates
  • Capture and store helpful Chatter conversations within the generated report

Product Overview

Market Focus

Ratio of reviewers by organization size.

Industry Focus

Ratio of reviewers by sector.

20%
20%
Consulting
17%
17%
Distribution
13%
13%
Construction
13%
13%
Manufacturing
11%
11%
Service
Other Industries:
  • Software Development (11%)
  • Sports, Arts, and Entertainment (4%)
  • Non-Profit (4%)

User Reviews of FinancialForce

★★★★★
★★★★★
Submitted on February 21st, 2014 by Helen from MRM

It enables companies to manage their money from the time the prospect is identified all the way through to the A/P process. The reporting features alongside Salesforce create automated and efficient data at your fingertips. I really like everything being on one platform.

The Good…

That it is on the force.com platform.

The Bad…

Importing of data from other platforms.