Main features of Financial Force are:
The main benefits of FinancialForce are its flexible and efficient general ledger, streamlined accounts payable, and ease of use. Here are more details of its benefits:
Flexible, efficient General Ledger
FinancialForce boasts of very flexible, multidimensional chart of accounts, and also includes the ability for multi-currency and multi-company transaction management. Its inter-company journal enables the transfer of costs between companies or business units. Also, you can employ automatic reversing journals to perform accruals and analyze automatically cumulative, year-to-date budgets for each period, or acquire visibility in real time with user and role-based interfaces.
Streamlined Accounts Payable with controlled invoice-to-pay processing
If there’s one recurring benefit you’ll notice in many FinancialForce reviews, it is that documentation of templates and electronic invoicing translates to a faster and productive workpace for you. Alsi, automation of invoice also makes things easier. Make expense approvals based on less authorization workflow, and place credit limits as well as set credit terms by vendor account. FinancialForce ERP les you make payments via check or electronic transfer or automatically compute due dates and settlement discounts per vendor’s terms. Create your check templates and avoid paying duplicate invoices with FinancialForce.
Streamlined Accounts Receivable with seamless opportunity-to-cash processing
With a single click of the mouse, you can produce invoice and place credit terms per customer or globally. Als you can automatically calculate invoices from Salesforce opportunitiesand place credit terms per customer or even globally. FinancialForce supports task reminders to pursue over due accounts and lets you use Chatter for collaborative purposes. Email statements and reminders to vendors, clients, and team within the software.
Optimise your cash flow and working capital with Cash Management
FinancialForce lets you to effortlessly analyze and project cash flows and currency requirements and create multiple bank accounts in various currencies. It also facilitates receipt and refunds documentation and organization. Also, FinancialForce lets you settle your bank statements automatically without re entering the details and document bank changes and interests that appear on your statements.
Eliminate manual processes and complex integrations with Ordering and Billing
Generate an order from a Salesforce opportunity, quote or custom object almost immediatel or make orders using a batch option to ensure a “no-touch” order processing. You can also produce invoices automatically from approved orders and take out manual processing from the picture and stop re-keying errors. You need not to create spreadsheets and unnecessary databases using only one cloud with FinancialForce.
Likewise, get full visibility of the CRM-to-Accounting cycle, while improving order cycle times, cash flow and sales capacity.
The cloud service aids you to find an invoice directly from any transactions in Salesforce CRM (standard or custom objects), or generate a single invoice with multiple installment payment-due dates. It also lets you to arrange recurring invoices for regular bills, including annual maintenance agreement invoiced monthly; or produce accounting entries for FinancialForce Accounting or your on-premise ERP system.
The following Financial Force integrations are currently offered by the vendor:
Financial Force pricing is available in the following plans: