Contact Information: For more information, please contact: Emma Hoyle FinancialForce.com PR Manager ehoyle@financialforce.com +44 (0)1423 537977
FinancialForce.com Delivers Summer '10 With Chatter-Powered Inter-Departmental Collaboration
Brand New Features and the Latest Collaboration Tools Dissolve Inter-Departmental Boundaries
| Source: FinancialForce.com
BOSTON, MA--(Marketwire - June 17, 2010) - FinancialForce.com, the global
leader in online cloud accounting solutions built natively on the Force.com platform from salesforce.com, today announced the
availability of Summer '10, the 4th generation release of FinancialForce
Accounting. This new version includes significant new features and a
Chatter-powered inter-departmental collaboration engine. The announcement
was made at The Grape Escape analyst event in Boston.
FinancialForce.com delivers three releases every year based on new
Force.com platform developments from salesforce.com, ensuring all customers
benefit from the latest cloud accounting technology to manage their finance
functions. Summer '10 will be the first edition of FinancialForce
Accounting to include built-in collaboration features from Chatter,
salesforce.com's new enterprise messaging application due for general
release on June 22nd. As the only accounting application that 'speaks
Salesforce,' the collaborative element of this release will set
FinancialForce Accounting customers apart.
FinancialForce Accounting is among the first apps to leverage the
advantages of Chatter. Customers will benefit from collaboration around
business processes like order to cash, which dissolve inter-departmental
boundaries that hinder the running of an effective business. The
Chatter-enabled FinancialForce application will allow more frequent and
effective collaboration around sales opportunities, customer accounts and
service issues in order to achieve best pricing and payment structures for
big deals or avoid costly payment delays and disputes.
The latest FinancialForce release has been developed with a focus on making
accounting processes even more efficient for users. It includes a
completely new user interface with an enhanced look and feel, increased
depth of functionality related to intercompany accounting and revenue
recognition, and a faster pay process.
"Our customers will be the first to benefit from the collaborative business
processes available with Summer '10," said Jeremy Roche, president and CEO
of FinancialForce.com. "We have combined the latest cloud accounting
technology with the ability for finance and other departments to
collaborate more effectively. Cloud is the future of accounting and
FinancialForce.com will continue to leverage the latest technologies to
help accountants work smarter."
Supporting customer quotes
"At last a product that does really well in completing the business process
from sales to accounting via selling, billing and cash." -- James Love, VP
Sales and Marketing, ICEF GmbH
"We are already reaping the benefits of having a single platform that
supports our core business functions from sales, to consulting management,
procurement and financial reporting." -- David Tan, Operations Director,
Quattro Innovation Group
"It is very exciting knowing that we have all our company and customer data
in one place -- we can do things that would be quite simply impossible if
the data was kept in disparate locations." -- Oliver Cornes, Owner, Juicy
Property
"Salesforce.com has exceeded all expectations, but the finance component
was missing. Because FinancialForce Accounting is built to work seamlessly
with the CRM, we have one view of every customer, an impressive web based
system and better functionality than ever before. It is helping us be
successful as a business." -- Gary White, CEO, White Springs Inc.
"... We selected FinancialForce.com to link our sales and financial process
together. We expect to gain significant process improvements from creating
this linkage, and more importantly, we're seeking to provide our clients
with increased levels of service." -- Paul Cheesbrough, CIO, Telegraph
Media Group
About FinancialForce.com
FinancialForce Accounting is a unique online cloud
accounting solution -- the only one to be built natively on the
Force.com platform from salesforce.com. It allows finance
teams of organizations using Salesforce CRM -- the world's most successful
online solution -- to truly 'Speak Salesforce' in a way no other cloud
accounting system can do, dramatically simplifying processes like
invoicing, collecting cash and servicing customers.
Having created the only financial management solution that 'Speaks
Salesforce,' FinancialForce.com does for finance what salesforce.com has
done for CRM -- it gives organizations a complete understanding of their
financial and business performance that is 100% up-to-the-minute and
accurate.
FinancialForce Accounting's unique real-time design is always in balance
and up to date, delivering the confidence of reliable figures from secure
systems, looked after by the world's most trusted enterprise cloud
computing platform. It is aimed at organizations outgrowing their original
accounting applications and looking for a simple yet powerful accounting
solution with the capability to support them as they expand locally and
even internationally.
FinancialForce.com was funded with an investment from UNIT4 (parent company
of accounting software specialist CODA) and salesforce.com. It combines
CODA's 30 years of designing and building financial applications, with the
salesforce.com platform's decade of dependability, availability and
security.
The result is a range of cloud computing applications, including
FinancialForce Accounting -- a full Software as a Service (SaaS) accounting
application -- delivered on a subscription basis; the first international
SaaS accounting system developed on salesforce.com's cloud computing
platform, Force.com.