FinancialForce Accounting Pricing, Features, Reviews & Comparison of Alternatives

FinancialForce Accounting

Cloud accounting for Salesforce

3.96/5 (40 reviews)

FinancialForce Accounting overview

FinancialForce Accounting is a scalable cloud accounting application for growing sales & service-centric companies. FinancialForce Accounting integrates with Salesforce for flexible task management, financial analysis, cash management, reporting, cash flow optimization, vendor payments, and more.

FinancialForce brings businesses a modern accounting app designed to take full advantage of the power and flexibility of the Salesforce platform. Create personalized user forms and benefit from related content panels which bring real-time data into the most useful views. FinancialForce Accounting is elegant enough for the smallest company and robust enough to serve the most complex multinational organization.

FinancialForce Accounting and Salesforce CRM reside on the same cloud platform from Salesforce, making the lines between applications indiscernible, which increases user adoption and enables cross training. The applications share the same infrastructure, database, development tools, reporting tools, user interface —even the same user logins.

Opportunity to Cash processes flow seamlessly and securely through sales, billing and receivables without any manual effort, special integrations or extraneous spreadsheets. Everyone is on the same page when all financial information is held securely in one system, in one place. And FinancialForce’s 360° view, the most comprehensive customer relationship reporting available today, spans customer interactions and transactions in billing, A/R, sales and services.

At the application’s core is an innovative accounting engine that can accommodate the most diverse or complex enterprise requirements. It includes advances like a single ledger design and a multi-dimensional chart of accounts, which gives companies real-time business intelligence and helps them shorten period closes. The accounting engine includes accounting components such as multi-currency, global tax and multi-company accounting capabilities across the entire system.

FinancialForce Accounting is a 100% real-time and perpetually closed system. It is built for real-time financial analysis and modeling, not just to generate financial statements. The system has financial report templates and configurable dashboards that can be accessed from a mobile device, so users can make informed decisions anywhere, anytime.
www.financialforce.com

Pricing

Pricing options
Subscription
Value for money
View Pricing Plans

Devices

Business size

S
M
L

Markets

United States, Asia, Australia, Canada, Europe and 3 other markets, Latin America, Middle-East and Africa, United Kingdom

Supported languages

English
FinancialForce Accounting screenshot: 100% native to SalesforceFinancialForce AccountingFinancialForce Accounting screenshot: Accounting application that support all business needsFinancialForce Accounting screenshot: Consolidate all customer dataFinancialForce Accounting screenshot: Automate A/R and A/PFinancialForce Accounting screenshot: Fast opp to cashFinancialForce Accounting screenshot: Personalized input forms and related content panelsFinancialForce Accounting screenshot: Conversations embedded with transactionsFinancialForce Accounting screenshot: Insights that matterFinancialForce Accounting screenshot: Audit-friendlyFinancialForce Accounting screenshot: Manage all billing in one placeFinancialForce Accounting screenshot: Track performance obligations to contractsFinancialForce Accounting screenshot: Mobile accountingFinancialForce Accounting screenshot: Actions viewsFinancialForce Accounting screenshot: Global accounting

FinancialForce Accounting reviews

Value for money
Features
Ease of use
Customer support
  3.8
  3.8
  3.8
  3.9
Beth Schnabel

FinancialForce for small organization of 20 FTE

Reviewed 2015-07-17
Review Source: Software Advice

My favorite quality of FinancialForce is the seamless integration with Salesforce.com. The platform operates much in the same way as Salesforce, so customizing and reporting were easy and quick to learn. This made the integration process go much smoother and I was able to train my team quickly on using the new financial system. Throughout my history of using FinancialForce, whenever I did encounter a questions or problem, opening a case was easy and the response time was within 1-2 days. Another key functionality that I really enjoy with having both our operations and finances under one login, is the reduced amount of data entry. We have greatly reduced the amount of time spent on duplicate data entry by operating in the same system. FinancialForce also offers a lot of automated functionality, but one we use is the automated cash matching, which takes out another step of manual data entry. The operating efficiencies we've leveraged by implementing FinancialForce have paid for the cost and then some.

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Erin Tomaino

Overall we've had a very positive experience with the SCM Module!

Reviewed 2015-08-21
Review Source: Software Advice

The SCM Module of FinancialForce is fantastic for organizations looking for a plug in to Salesforce that can be customized but also has a lot of fantastic out of the box features. Our company went from using Quickbooks which provided very little if any controls and reporting to using the SCM product which allows you to use the same functionality for permissions, page layouts and reporting as you get in the native Salesforce application. The product links seamlessly into your existing organization and allows you to take Opportunities in Salesforce and create Quotes to your customers, sales orders from the quotes, purchase orders to your vendors and invoices to your clients. You can report at the line item level on all of these objects which gives you excellent visibility and control into the day to day operations of your business. There is also an inventory functionality that can assist with inventory management. We don't use this function but I've seen the capability and it's also fantastic.

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William McGuire

More than I need Human Capital Management Software

Reviewed 2011-12-01
Review Source: Capterra

I would say if you are a small or medium business and you have no idea what an HR department or IT department looks like, then you need Vana Human Capital Management. If you have employees and you want to increase performance, this solution is complete. HR departments will thank you, you will save time and headaches. This made our performance reviews a dream. The social collaboration is new to us and has become the center of our corporate universe. you will be overwhelmed so just be warned the Quick Start Implementation will appeal to you, but I encourage you to just get the next level up so the team at VanaWorkforce.com will do all the work for you. Just get it. Oh yeah, since it is on force.com it makes integration with CRM and other force.com products a single click of the mouse and has single sign-on, super cool. Patrick.The user interface is excellent. If you know Salesforce.com CRM then you will inherently know how to use Vana HCM. WOW! No training required. Great future vision product, it has more than I need to manage my team, recruit and track people, leave, benefits, compensation, performance and more. Even better I LOVE the Social Collaboration tool. It keeps my employees working and collaborating in the solution and not of facebook or twitter. Also love the collaboration on goals, initiatives, performance reviews and projects. Top it off the library was an added bonus, since I can store and share corporate documents and even education materials as part of the solution (free) and have my team collaborate with others on these and track it in the learning management. Overall: over the top! Thank you.

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Francis Pindar

One of the best cloud-based accounting applications at the moment

Reviewed 2015-01-23
Review Source: Software Advice

It's built on the Force.com platform. You can code your processes around FinancialForce using their APIs or by directly manipulating their database, so it gives you a lot of flexibility on how you develop around FinancialForce. It has a nice customer community portal where you can share ideas, log issues etc. Support is great, and if anything does crop up as an issue, they really work hard to get it fixed.

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Philip Christ

Good ideas but much development still needed

Used daily for 2+ years
Reviewed 2018-11-20
Review Source: Capterra

the Overall experience is mixed. we Keep using it because a migration would be even more costly. I guess with much more customization it will be great one day. - online Access - great performance even with big data - cross company / multicompany mode

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FinancialForce Accounting pricing

Pricing options
Subscription
View Pricing Plans

Contact FinancialForce for pricing information.

FinancialForce Accounting features

API
Accounting Integration
Accounting Management
Activity Dashboard
Billing & Invoicing
Customizable Reporting
Financial Analysis
Invoice Management
Invoice Processing
Multi-Currency
Real Time Data
Receiving
Reporting & Statistics

Auditing (80 other apps)
Automatic Notifications (105 other apps)
Automatic Reminders (81 other apps)
Data Import/Export (97 other apps)
Electronic Payments (106 other apps)
Expense Tracking (111 other apps)
Third Party Integration (101 other apps)

Additional information for FinancialForce Accounting

Key features of FinancialForce Accounting

  • Role and user based dashboards
  • 1-click invoicing from Salesforce
  • Flexible chart of accounts and multi-dimensional analysis
  • Multicompany, multicurrency, global tax, multicultural
  • Personalized custom reporting
  • Real-time accounts payable analysis & reporting
  • No manual re-keying of data
  • 360° view of customers
  • Streamlined opportunity-to-cash cycle
  • Accounting management
  • Real time analytics
  • Real time reporting
  • Custom charts
  • Role-based permissions
  • Financial analysis
  • Financial management
  • Cash flow statement
  • Profit / loss statement
  • Income statements
  • Customizable templates
  • Bank reconciliation
  • Account reconciliation
  • Configurable workflow
  • Fixed asset management
  • Real-time business intelligence
  • General ledger
  • Accounts payable / accounts receivable
  • Financial reporting
  • Cash management
  • Financial statement templates
  • Operational reporting and trackable KPIs
  • Real-time financial analysis
  • Flexible, multi-dimensional chart of accounts
  • Inter-company journals
  • Pre-defined templates
  • Intercompany transactions
  • Receivables & collections
  • Payables & settlement
  • Fixed assets tracking & management
  • Attach documentation to asset history and warranties
  • Automated reconciliation process
  • Dashboards for tracking or forecasting cash
  • Activity dashboard
  • Invoice management
  • Customizable reporting
  • Billing & invoicing
  • Multi-company
  • Multi-currency
  • Customizable branding
  • Sales tax management
  • Reporting & statistics
  • Real time data
  • Business intelligence
  • Collections management
  • History tracking
  • Forecasting
  • Cash management
  • Document templates
  • General ledger
  • Self service portal
  • "What if" scenarios
  • 360 degree feedback
  • Audit trail
  • Revenue management
  • Revenue forecasting
  • Financial statements
  • Revenue recognition
  • Sales forecasting
  • Data visualization
  • Visual analytics
  • Deadline tracking
  • Transaction monitoring
  • Template management
  • Invoice processing
  • Asset lifecycle management
  • Contract management
  • Process control
  • Activity tracking
  • Charting
  • Receiving
View All Features

Benefits

General Ledger: Multidimensional chart of accounts, multi currency and multi company transaction handling, intercompany journal, automatic reversing journals, budget calculations, user and role based dashboards, and more.

Accounts Payable: Document templates, electronic invoicing, authorization workflow for automated invoice and expense approvals, vendor credit limits, pay vendors by check or electronically, due date calculations, deduplication, and more.

Accounts Receivable: Create invoices from Salesforce opportunities, set credit terms, due date calculation, automatic payment allocation to invoices, chat for collaboration, send statements, customer self-service billing portal, and more.

Cash Management: Forecast cash flows, set up multiple bank accounts in different currencies, record receipts, automatically reconcile bank statements, record bank charges and interest shown, and more.

Ordering and Billing: Create an order from a Salesforce opportunity, quote or custom object, create batch orders, generate invoice automatically, eliminate manual processing, improve order cycle times, cash flow and sales capacity, and more.

Billing: Raise an invoice directly from any activity in Salesforce CRM, create a single invoice with multiple installment payment-due dates, set up recurring invoices for regular bills, and more.