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FinancialForce Accounting Datasheet

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Information about FinancialForce Accounting Datasheet
Technology

Published on February 28, 2014

Author: FinancialForce

Source: slideshare.net

Description

FinancialForce Accounting for Salesforce. Put an end to re-keying data & using spreadsheets to create invoices. Eliminate CRM and accounting data silos. Put your Billing, AR, AP, GL, Financial Reporting & CRM all on one platform!
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FinancialForce Accounting™ The #1 Accounting App on the Salesforce Platform FinancialForce Accounting™ is a simple, yet powerful, accounting application that is straightforward to learn, easy to implement and trouble-free to maintain. It is the perfect complement to Salesforce CRM, helping you to bring back office data to the front, eliminating data silos, and allowing companies to align sales, service and finance on a single cloud platform. Accounting processes will get more efficient, period closes will get shorter, and financial reporting sharper than ever. Cloud accounting – the future of finance FinancialForce Accounting takes a ground-breaking accounting system design and combines it with the power and flexibility of the Force.com cloud platform. 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. Its ingeniously simple design masks a highly sophisticated solution that’s both easy to use and easy to adapt to the widest possible range of business needs. FinancialForce Accounting can support everything from the smallest virtual organization to the most complex multinational corporation. So, regardless of your company’s size and focus, you’ll benefit from the application’s efficiency, real-time analysis, and the lack of the departmental boundaries found in traditional accounting systems. Delivering CRM to accounting – end-to-end in Salesforce FinancialForce Accounting resides on the same cloud platform as Salesforce CRM, Force.com. The applications share the same infrastructure, database, development tools, reporting tools, user interface - even the same user logins. FinancialForce Accounting and Salesforce CRM are literally embedded together, making the lines between applications indiscernible, which increases user adoption and enables cross training across the applications. One company, one system, one view of the customer From a financial perspective, tight integration allows the Opportunity to Cash process to flow seamlessly and securely through sales, billing and receivables without any manual effort, special integrations or extraneous spreadsheets. Your team will be on the same page because all your financial information is held securely in one system, in one place. This includes FinancialForce.com’s 360° view, the most comprehensive customer relationship reporting available in any financial system today, spanning customer interactions and transactions in Billing, A/R, Sales and Services. The multi-everything accounting engine At the application’s core is an innovative accounting engine that can accommodate the most diverse or complex enterprise requirements. It includes advances like a single ledger design and a multidimensional chart of accounts, which gives companies real-time business intelligence and helps them shorten period closes. The accounting engine includes sophisticated accounting components such as multi-currency, global tax and multi-company accounting capabilities across the entire system. Real-time accounting for real-life business FinancialForce Accounting is built for the fast-paced and competitive business era in which we live. Unlike on-premises accounting systems of the past, FinancialForce Accounting is a 100% real-time and perpetually closed system. Its unique single ledger eliminates subledger reconciliations and laborious period-close processes. It is built for real-time financial analysis and modeling, not just to generate financial statements. The system is furnished with financial report templates and customizable dashboards that can be accessed from your mobile device of choice to make real-time decisions anywhere, anytime. We made the move from Quickbooks to FinancialForce Accounting and have never looked back. We can now see up to date financial data at the push of a button and our pay cycle is much quicker. Scott Travasos CFO, Blue Shield of California Foundation Harness The World’s #1 Cloud Platform Take advantage of modern, world class systems and applications without the IT costs and headaches, and get: • Real time analytics from anywhere, at anytime. • Mobile device support for iPads, iPhones, Droids, Blackberries etc. • Chatter, the social media and collaboration tool for business. • Customization and integration tools to customize and link your systems. • Easy integration for your custom and third party applications with FinancialForce ClickLink™. • Authorization workflow tools to coordinate your entire company. • A full range of development tools to build your own app on the same cloud in less than 1/5 the time. • 1500+ complementary and vertical applications listed on the AppExchange that integrate with FinancialForce.com and salesforce. com applications.

FinancialForce Accounting End-to-End Financial Management in Salesforce 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 intercompany 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. 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 – 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. Use Chatter to collaborate with sales and services personnel on late payers and customer issues. Send statements and reminder letters by email. Use “My Account” a customer self-service billing portal. Automate lockbox transaction processing with the FinancialForce.com cash matching API. 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. Ordering and Billing – eliminate manual processes and complex integrations! Sales ordering • 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. • Improve order cycle times, cash flow and sales capacity. Billing • 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 FinancialForce Accounting or your onpremise ERP system. FinancialForce.com delivers ERP at Customer Speed™. Built on the Salesforce1 Platform, FinancialForce ERP equips customer-centric businesses with a unified cloud platform and all the applications necessary to grow both the top and bottom line. Our Financial Management, Human Capital Management (HCM), Professional Services Automation (PSA), and Supply Chain Management (SCM) apps allow businesses to increase the speed in which they operate and be more responsive along every touch point of a customer’s journey. Founded in 2009 and headquartered in San Francisco, FinancialForce.com is backed by UNIT4 and salesforce.com. To find out more about FinancialForce solutions, please contact us at: www.FinancialForce.com | info@financialforce.com | 866-743-2220 | @FinancialForce Copyright © FinancialForce.com, inc. All rights reserved. The information contained in this document is intended for general information only, as it is summary in nature and subject to change. FinancialForce and FinancialForce.com are trademarks of FinancialForce.com, inc. Any third-party brand names and/or trademarks referenced are either registered or unregistered trademarks of their respective owners. FFFY1013US

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