Spring 2022 Release of FinancialForce Empowers Organizations to Run a Globally Connected Enterprise and Achieve Greater Business Agility | News

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SAN FRANCISCO–(BUSINESS WIRE)–April 13, 2022–

FinancialStrengththe leading provider of customer-centric business applications for finance, service and customer success teams, today announced the general availability of its Spring 2022 release. New features include Cloud ERP enhancements that facilitate more than ever running a globally connected enterprise and new features for Professional Services Cloud that help service organizations deliver with intelligence and enable greater agility across the enterprise.

“In today’s business environment, businesses need to be able to respond quickly to disruption while continuing to innovate and deliver tangible results to their customers,” said Dan Brown, chief product and strategy officer at FinancialForce. “Our Spring 2022 release gives our clients a richer set of tools to help them pursue their primary purpose, delivering exceptional client results while improving the client experience throughout the opportunity journey at renewal.”

The recent FinancialForce Planning and Analysis Solution addresses the most complex planning and forecasting challenges, enabling organizations to have a single source of truth that helps accelerate planning cycles. The functionalities of this solution allow companies to have their accounting, reporting and planning solutions on the same platform. For organizations, Planning gives FP&A teams greater control over the budgeting process and the ability to provide more accurate forecasts.

ERP cloud

FinancialForce continues to develop “multi-x” functionality to simplify financial statement consolidation and meet the needs of multi-entity organizations. Clients can now record taxes due on intercompany tax transactions, which speeds up and strengthens the intercompany taxation and reporting process. This version also facilitates the creation of multi-company sales invoices and simplifies the preparation of consolidated financial statements thanks to the consolidation group structure functionalities.

New location features essential for running a global business have been added, including support for Switzerland, Denmark, Finland, and Austria, as well as improved business operations in Germany and Australia .

Enhancements to Financial Report Builder allow businesses to anticipate change and achieve meaningful results. Enhancements include the ability to view and drill down on subtotals by different dimensions, and better support for cash flow statements.

Sourcing teams can refine their strategic supplier negotiations and selections with expanded access to analyze spend both overall and across categories.

Professional Services Cloud

The Spring 2022 release introduces enhancements to skills and resource management, service estimating, and project management capabilities in FinancialForce’s Professional Service (PS) Cloud.

Improving resource management is a top priority for service companies as they strive to train and retain their workforce. The Spring 2022 release adds intelligent automation to the staffing process by enabling automatic assignment of resource requests that meet specific criteria, and an expanded ability to model ideal staffing scenarios for a project, opportunity, or region. These enhancements improve PS Cloud’s resource optimization capabilities and enable resource managers to deploy ever larger and more complex teams efficiently and cost effectively.

FinancialForce continues its commitment to delivering a world-class user experience (UX), and this release focused on improvements to the staffing and project management experience. A new job planner enables simple drag-and-drop assignments, and an improved skills capacity dashboard helps influence hiring decisions by providing insight into skills gaps. Coupled with a new Gantt component that can be added to project layouts, these changes enable smoother interaction with tasks and assignments and provide managers with both the team and the tools they need to deliver successful results to their clients.

This release extends PS Cloud’s ability to provide faster, more accurate estimates that eliminate damaging disconnects between opportunities and projects. Service estimates now have a higher level of accuracy with estimate outlines and better control over rates and discounts. Further sales-to-service automation has also been introduced, including a tighter connection to Salesforce and more streamlined resource allocation. Additional accuracy, control, and automation in service estimates reduces the need for contingencies in proposals and enables faster reviews, helping service organizations save more work.

About FinancialForce

FinancialForce accelerates business growth with customer-centric ERP, Professional Services Automation (PSA), and customer success solutions. Run on the leading cloud platform, Salesforce, FinancialForce enables organizations to see their customers in color, unlock customer insights, deliver innovative experiences, run a digital business, and achieve agility and resilience. Founded in 2009 and based in San Francisco, FinancialForce is backed by Advent International, Salesforce Ventures and Technology Crossover Ventures. For more information, visit www.forcefinancière.com.

#1 Public Service Announcement by G2; Most Adopted PSA Solution in SPI Research’s 2021 PS Maturity™ Benchmark; the most adopted PSA solution by the Technology Services Industry Association in 2020; Leader in accounting by G2; IDC MarketScape Leader for SaaS and Cloud-Enabled Midmarket Global Finance and Accounting Applications, 2020; IDC CSAT Award for SaaS ERP and SaaS Subscription Billing.

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CONTACT: Media Contact

Kirtee Mehta

FinancialStrength

[email protected]

Dean Fisk

Finnish partners

[email protected]

KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA

SECTOR KEYWORD: TECHNOLOGY OTHER PROFESSIONAL SERVICES LEGAL INSURANCE HUMAN RESOURCES FINANCE CONSULTING SMALL BUSINESS BANKING ACCOUNTING PROFESSIONAL SERVICES INTERNET SOFTWARE DATA MANAGEMENT

SOURCE: Financial Force

Copyright BusinessWire 2022.

PUBLICATION: 04/13/2022 08:00 / DISK: 04/13/2022 08:02

http://www.businesswire.com/news/home/20220413005380/en

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