What is FinancialForce and What are Its Benefits?

Posted in Apps & Software1 month ago • Written by MAKNo Comments

The leading vendor of cloud enterprise resource planning (ERP), FinancialForce was founded in 2009 and includes applications built upon the Salesforce Platform. FinancialForce ERP is an end-to-end resource planning solution focused on the customer. It allows you to run both front and back offices within the platform.

This ERP solution can be integrated with more than 2000 applications found in Salesforce’s app store. Easy customization of the FinancialForce ERP allows businesses to tailor fit the system based on their requirements.

ERP Solution

What Are The Features Of FinancialForce ERP?

The features and capabilities of FinancialForce ERP include the following:

  • Billing
  • Purchasing
  • Costing
  • Inventory Management
  • Order Management
  • Shipping & Distribution
  • Warehouse Management
  • Supply Chain Management
  • Business Intelligence/Analytics
  • Customer Service
  • Customer Relationship Management (CRM)
  • Product Design
  • Financials & Accounting
  • Asset Management
  • Document Management
  • Sales
  • Project Management
  • Planning & Scheduling
  • Human Resources (HR)
  • Quality Control

ERP

What Are The Benefits Of FinancialForce ERP?

FinancialForce ERP is a solution made for businesses and enterprises. It provides organizations with the following benefits:

  1. Visibility And Reporting Capabilities

FinancialForce ERP allows you to view and drill into data through their reporting dashboard. With this feature, you can get an overview of your business and check key performance indicators (KPIs). Data from ERP can be used to inform CRM decisions (and vice versa). In addition, companies are given the ability to measure profitability.

  1. Ease Of Use

This ERP system is easy to use and configure. Implementation is easily and quickly done, resulting in a fast ROI. The flexibility of the platform allows it to adapt to your business. Customization and integration capabilities can be done through the “clicks not code” principle. You can even build your own application or use the ones found on the Salesforce AppExchange platform.

  1. Ease Of Compliance And Audit

Since all applications are located on a single platform, only a single version of data is available. This means compliance and audits are made easier. In addition, FinancialForce allows documentation, automated audit trails, and associated conversations possible.

With the ERP system, you can automatically track important audit fields. Evidence of transactions, including files, commentary, and scanned documents, can be seen in a single platform. FinancialForce allows user-defined tracking of key fields, which is comprised of both old and new values. Plus, financial transparency is enforced within the organization.

  1. Analytics Capabilities

All data located in a single place allows you to get both standard and customized reports. Ad hoc inquiries can be acquired as well. The platform enables businesses to create personalized dashboards and gives them the ability to analyze trends easily. Security profiles control the visibility of data. Dashboards and reports have full mobility and can be viewed on various types of devices.

  1. Improves Communication And Collaboration

The division between departments can be broken down through the ability to get social in  FinancialForce ERP. Chatter is an application that allows instant news feed for teams. In this way, employees can share information, ask questions, and send updates on progress. Response times are quicker than ever, thanks to this ERP system. Collaboration among departments is enhanced, thus allowing businesses to build strong cross-company networks, knowledge, and resources.

  1. Mobility

A suite of mobile apps allows users to access FinancialForce from devices such as smartphones and tablets. Users can also enter timecards from a remote location. Plus, collaboration with other users is made possible on the go. Mobile applications currently support both Android and iOS operating systems.

  1. Integration

If businesses need additional functionality, FinancialForce ERP can be integrated with various apps. These applications can be built for the company itself. Or, applications from the SalesForce AppExchange can be used to infuse added features to the said ERP.

  1. Eliminates Duplication Of Data

Since businesses don’t have to maintain multiple record systems, FinancialForce ERP eliminates duplication and possible discrepancy of data. This results in an efficient and error-free solution. Big data can be analyzed and used to help the company grow. The ERP platform itself is cost-effective, providing data and features that go beyond basic bookkeeping.

  1. Adapts And Grows With The Business

As business improves and grows, its systems and applications need to grow as well. FinancialForce ERP can be easily adapted into your business. In addition, it can grow alongside the organization and allows firms to meet up with increasing demands.

  1. Full Set Of Features

FinancialForce is an end-to-end solution built for companies who want to grow profits and efficiency. It has a full set of features from human resources, supply chain management, finance and accounting, and reporting, among others.

The said features are just the tip of the iceberg. FinancialForce ERP was created to help businesses avoid using multiple systems that might result in data discrepancies and other errors. Thus, the platform provides a full set of features a company might need in its front and back operations.

What Are The Best Industries For FinancialForce ERP?

FinancialForce ERP is used for a variety of industries including, but not limited to, the following:

  • Software Development
  • IT Services
  • Internet & Telecom Providers
  • Energy
  • Warehouse & Wholesale Distribution
  • Logistics & Transportation
  • Professional Services
  • Financial Services
  • Fashion (Footwear, Apparel, & Accessories)
  • Consulting

In Conclusion

Businesses have a lot of questions regarding cloud ERPs. FinancialForce gives them the answer to their problems and queries. It’s a software that can be used for a variety of industries. This ERP provides a comprehensive solution allowing businesses to avoid using multiple systems for recording. Thus, data can be viewed and analyzed in a single platform preventing discrepancies and error.

Businesses can benefit from using FinancialForce ERP in a variety of ways. Its full set of features provides the necessary tools to help organizations collaborate and work remotely from any location. FinancialForce ERP is truly a robust system that allows a business to grow efficiently.

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