The Total Guide to FinancialForce ERP
In this guide, we’ll cover everything you need to know about FinancialForce ERP integration including market-fit, pricing, features, and comparisons.
We’ve also paired this article with a free e-Book to help companies bridge the gap between their ERP and AP processes. Download “The Last Mile of ERP – Payables Transformation Strategies.”
What is FinancialForce ERP?
FinancialForce ERP is back-office customer-centric accounting and business software that manages business processes across the organization. FinancialForce uses intelligence, built-in modeling and financial analysis, and contextual, personalized analytics for real-time decision-making. ERP is enterprise resource planning software. FinancialForce software is native on the Salesforce business cloud platform.
Besides its ERP, FinancialForce also offers market-leading cloud Professional Services Cloud software that includes professional services automation (PSA). Salesforce Einstein powers the embedded analytics and reporting in FinancialForce software. FinancialForce builds in best practices to streamline and manage business operations.
The FinancialForce ERP Cloud software modules are:
- FinancialForce Accounting (FFA) & Financial Reporting
- Subscription & Usage Billing
- FinancialForce Revenue Management
- Order, Inventory Management
- ERP Analytics
- ERP FinancialForce Community
FinancialForce Professional Services Cloud software modules are:
- Professional Services Automation (PSA)
- Services Billing
- Services Revenue Management
- Services Analytics
- Services Community
Like Salesforce, FinancialForce is based in San Francisco, CA in the United States. FinancialForce has been a Salesforce Partner since 2009 and won a Salesforce Partner Innovation award in 2020. Its website is financialforce.com.
Which Types of Businesses Use FinancialForce?
Businesses in these industries use FinancialForce:
• Software, high-tech & IT services
• Media & digital communications
• Business services
• Professional services & consulting
• Health & life sciences
FinancialForce meets the needs of small businesses, mid-sized companies, and large enterprises with its cloud ERP software and professional services automation product. Salesforce is a customer that uses the FinancialForce software. Business and professional services teams and consulting companies like to manage their businesses with the FinancialForce PSA software.
Businesses with sales teams and financial management understand the importance of customer-centric software using the Salesforce platform. They want to use modern cloud software and need analytics and business intelligence for real-time decision-making. FinancialForce is a contender in ERP system evaluation.
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How Much Does FinancialForce Cost?
FinancialForce pricing begins with a SaaS subscription model. FinancialForce provides a quote to fit your customized business needs. To determine your FinancialForce cost beyond the software price for the modules and products you select, consider third-party add-on software costs, implementation, consulting, and FinancialForce training costs. This FinancialForce Licensing Guide describes bundled pricing options for the ERP suite and PSA product.
How Does AP Automation Software Integration Work With FinancialForce?
The best AP automation software streamlines workflows, uses self-service supplier onboarding, automates payables processes and business payments, and reduces fraud risk and erroneous payments. Payables and global mass payments software from Tipalti uses flat-file integration (vs API) with FinancialForce. Access Tipalti functionality through the FinancialForce login and user interface.
What Are The Primary Features and Advantages of FinancialForce?
• Customer-centric software native to the Salesforce cloud platform
• Uses embedded Salesforce Einstein for intelligence and reporting
• Accounting and revenue management software for revenue recognition
• Real-time information for decision-making
• Built-in human capital management software
• FinancialForce PSA product for professional services teams and businesses
FinancialForce cloud ERP and PSA software is modern software that’s provided as apps on the Salesforce platform. In FinancialForce, Salesforce Einstein enables analytics and reporting. FinancialForce and Salesforce is an ideal combination to use for opportunities tracking for accounting and financial management, business development, supply chain management (SCM), and sales order fulfillment.
How to Implement & Use FinancialForce?
Use an authorized service provider for FinancialForce software implementation services. With registration, FinancialForce documentation and other resources are available online for the FinancialForce ERP and PSA software. The FinancialForce Resource Center includes product tours, guides for the CFO and other users, e-books, whitepapers, datasheets, events, and webinars.
FinancialForce Community is a collaboration platform for users to help each other and find FinancialForce documentation.
Which ERP Systems are Comparable to FinancialForce?
When comparing FinancialForce vs NetSuite, both offer modern cloud ERP solutions and PSA software. NetSuite and Financial Source are competitors, particularly in the mid-market space. Both NetSuite and Financial Force software let companies have one unified vision, preventing functional and business unit silos with their different software systems.
Both FinancialForce and Deltek excel at ERP software and professional services automation (PSA) software for project management. Deltek makes industry-specialized software for manufacturers, government contractors, and business and professional services companies that incorporates best practices.
Microsoft Dynamics 365 is the latest cloud software in the Dynamics product line that integrates with Office 365, Microsoft Teams, and Microsoft software tools. Microsoft Dynamics 365 is ERP software used by companies and organizations in many industries. Microsoft Dynamics 365 includes a module named Project Operations (that replaced its Project Service Automation (PSA) module).