FinancialForce.com rolls out enhanced accounting, services applications

The updates include a new financial reporting engine and a data integration tool

FinancialForce.com announced a string of enhancements to its cloud-based applications for accounting and professional services automation on Wednesday, heating up its rivalry with the likes of NetSuite and its OpenAir division.

A joint venture of Salesforce.com and Unit4 formed in September 2009, FinancialForce.com now has a more than US$9 million annual revenue run rate, according to Unit4's recently released 2011 results. That's a modest sum compared to other cloud vendors. But in an interview, FinancialForce.com CEO Jeremy Roche described the company's growth as "exponential," with an employee count now over 100 people.

The vendor has also landed a customer with 5,000 users, although Roche said he couldn't name the company.

FinancialForce.com's software is built natively with Salesforce.com's Force.com development and infrastructure platform. This gives FinancialForce.com an edge over its rivals, which may be running multiple platforms under the covers, Roche said.

For one, customers can benefit from the large ecosystem of partner applications available through Salesforce.com's channel, he said. Secondly, Force.com streamlines FinancialForce.com's development processes, since all of them use the same workflow engine and database. "That customer that you've sold to, it's same account record to bill to, the same chart of accounts," he said. "There's no data mapping to be done."

The new version of FinancialForce.com's accounting software includes a new financial reporting engine that provides point-and-click tools with which users can create template-based reports. The reports can also be shared with other users.

Also new is ClickLink, a data integration tool that can tie FinancialForce.com to data objects in other applications built with Force.com.

Meanwhile, the update to FinancialForce.com's professional services software features a new social networking theme that allows project teams, subcontractors and customers in disparate locations to collaborate more easily, according to FinancialForce.com.

Other new features in the PSA update include a timecard application for Android mobile devices, as well as improved functionality for helping managers determine and track "utilization" rates, which refers to the percentage of billable hours workers on a given project are generating.

Chris Kanaracus covers enterprise software and general technology breaking news for The IDG News Service. Chris's e-mail address is Chris_Kanaracus@idg.com

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.
Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Chris Kanaracus

IDG News Service
Show Comments

Cool Tech

Toys for Boys

Family Friendly

Stocking Stuffer

SmartLens - Clip on Phone Camera Lens Set of 3

Learn more >

Christmas Gift Guide

Click for more ›

Brand Post

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Michael Hargreaves

Microsoft Office 365/Dell XPS 15 2-in-1

I’d recommend a Dell XPS 15 2-in-1 and the new Windows 10 to anyone who needs to get serious work done (before you kick back on your couch with your favourite Netflix show.)

Maryellen Rose George

Brother PT-P750W

It’s useful for office tasks as well as pragmatic labelling of equipment and storage – just don’t get too excited and label everything in sight!

Cathy Giles

Brother MFC-L8900CDW

The Brother MFC-L8900CDW is an absolute stand out. I struggle to fault it.

Luke Hill

MSI GT75 TITAN

I need power and lots of it. As a Front End Web developer anything less just won’t cut it which is why the MSI GT75 is an outstanding laptop for me. It’s a sleek and futuristic looking, high quality, beast that has a touch of sci-fi flare about it.

Emily Tyson

MSI GE63 Raider

If you’re looking to invest in your next work horse laptop for work or home use, you can’t go wrong with the MSI GE63.

Laura Johnston

MSI GS65 Stealth Thin

If you can afford the price tag, it is well worth the money. It out performs any other laptop I have tried for gaming, and the transportable design and incredible display also make it ideal for work.

Featured Content

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?