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