FinancialForce Accounting Pricing, Features, Reviews & Comparison of Alternatives

FinancialForce Accounting Reviews

FinancialForce Accounting

Accounting App for Salesforce

4.02/5 (28 reviews)
11,391     13,515


A simple yet powerful cloud accounting application for sales and service-oriented companies, FinancialForce Accounting for Salesforce is easily implemented, straightforward to learn, and trouble-free to maintain. FinancialForce Accounting provides an end-to-end accounting solution for sales and service companies seeking to grow efficiently and profitably.

The Salesforce Accounting application harnesses the power & flexibility of the Force.com platform to deliver a cost-effective and efficient solution that goes beyond basic transaction processing and bookkeeping. FinancialForce Accounting enables teams within a company to work as one, using one system of record in Salesforce CRM.

Simple to use and adaptable to the widest possible range of business needs, FinancialForce cloud accounting can support organizations of all sizes, providing real-time analysis without the departmental boundaries customary in traditional accounting systems.

Cloud Accounting – The future of finance

FinancialForce Accounting combines a groundbreaking accounting system design with the flexibility and power of the Salesforce cloud platform. The result is an efficient and cost-effective solution capable of far more than transaction processing and bookkeeping.

A simply designed, yet highly sophisticated solution that's both easy to use and adaptable to a wide range of business needs, FinancialForce Accounting supports small, virtual organizations as well as complex multinational corporations. Regardless of their size and focus, companies can benefit from FinancialForce’s efficiency, real-time analysis, and absence of departmental boundaries typical of traditional accounting systems.

Delivering CRM to Accounting – end-to-end in Salesforce

Residing on Salesforce CRM's cloud platform, FinancialForce Accounting shares the same database, infrastructure, user interface, development tools, reporting tools, and even the same user logins. Salesforce CRM and FinancialForce Accounting are embedded together, streamlining the experience for users. The joined-up nature of the applications simplifies user adoption and enables cross training between functions.

One company, one system, one view of the customer

From a financial perspective, tight integration allows the opportunity to cash process to flow seamlessly and securely through sales, billing and receivables without manual effort, special integrations or extraneous spreadsheets. Your team will be on the same page because all your financial information is held securely in one system, in one place. This includes the FinancialForce Accounting 360° view, the most comprehensive customer relationship reporting available in any financial system today, spanning customer activities in Accounting, CRM and Service.

The multi-everything accounting engine

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 multidimensional chart of accounts, which enable it to generate real-time business intelligence and to shorten period closes. The accounting engine includes sophisticated accounting components such as multicurrency, global tax and multicompany accounting capabilities that permeate the entire system.

Real-time accounting for real-life business

FinancialForce Accounting is built for the fast-paced and competitive business era in which we live. Unlike on-premise accounting systems of the past, FinancialForce Accounting is a 100% real-time and perpetually closed system. Its unique single ledger eliminates subledger reconciliations and laborious period-close processes. It is built for real-time financial analysis and modeling, not just to generate financial statements.

www.financialforce.com

FinancialForce Accounting Reviews (28)

Latest reviews

 The best solution for knowing the health of your company.

Great user interface, great support, great at doing finance and accounting reports that tell the story of your company financial health. I am a very visual person, and since I don't have a background in finance, its great to have beautiful graphics that convey in a much efficient manner the ...

Read the full review
Reviewed 22nd of February by Jesus Caballero

 

 Recommended cloud accounting system

I have been doing my month-end close reports and other invoicing with this software. This is a really efficient cloud accounting system and I can easily work on my ledger accounts, account payables, and receivables.

Read the full review
Reviewed 3rd of February by Ayushi Mundra

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FinancialForce Accounting Category Leaders

Reviews
Integrations
Mobile
Media
Security

#3 in Accounts Payable

View full ranking
59
11
11
10
11
16

#6 in Billing & Invoicing

View full ranking
63
10
11
10
16
16

#7 in Accounting

View full ranking
56
10
11
10
9
16

GetApp’s ranking highlights the top 25 apps in different categories on GetApp. If an app is listed in more than one category, it has the potential to be ranked in each of these categories. The ranking is independent of any commercial campaign an app vendor has with GetApp. The ranking is based on 5 data points, each scored out of 20: reviews, integrations, mobile apps, media presence, and security.

FinancialForce Accounting Screenshots (6)

FinancialForce Accounting screenshot: Complete home page in FinancialForce AccountingFinancialForce Accounting screenshot: Currency revaluationFinancialForce Accounting screenshot: Account Receivable dashboard on iPadFinancialForce Accounting screenshot: Accounting embedded in CRM related lists on iPadFinancialForce Accounting screenshot: Ratio analysis report with embedded ChatterFinancialForce Accounting screenshot: Finance Homepage - See your key metrics

Security and privacy

Encryption

No
Encryption of sensitive data at rest
Yes
HTTPS for all pages

Access control

Yes
Multi-factor authentication options

Data policy

Yes
Data backup in multiple locations/GEO regions
This will ask you to sign in with LinkedIn

Specifications

Intended Users
Large Enterprises, Mid Size Business, Non Profits, Public Administrations, Small Business
Devices Supported
iPhone-iPad, iPhone, iPad, Linux, Mac, Windows, Web-based, Windows Phone, Mobile Web App
Supported Countries
Asia, Australia, Canada, Europe, Latin America, Middle-East and Africa, United Kingdom, United States
Supported Languages
English
Support Options
Forum, Knowledge Base, Online Support, Phone Support, Video Tutorials

FinancialForce Accounting Pricing

Pricing model: Subscription

Contact FinancialForce for pricing information.

Competitors Pricing

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Free Trial: Available (No Credit Card required)

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Free Trial: Available (No Credit Card required)

SYMPAQ SQL

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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
  • 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

Benefits

General Ledger – flexible, efficient and always in balance

• Flexible, multidimensional chart of accounts.
• Multicurrency and multicompany transaction handling.
• Transfer costs between companies or business units with an inter company journal.
• Perform accruals with automatic reversing journals.
• Automatic calculation of cumulative, year-to-date budgets for each period.
• User and role based dashboards provide real time visibility.

Accounts Payable – streamlined, controlled invoice-to-pay processing
• Reduce keystrokes with document templates and electronic invoicing.
• Use authorization workflow for automated invoice and expense approvals.
• Set vendor credit limits and credit terms by vendor account.
• Pay vendors by check or electronically.
• Automatically calculate due dates and settlement discounts, based on vendor terms.
• Prevent payment of duplicate invoices.
• Define your own check print formats.

Accounts Receivable – streamlined, seamless opportunity-to-cash processing
• Create invoices from Salesforce opportunities in a single click.
• Set credit terms both globally and by customer account.
• Automatic calculation of due dates and settlement discounts.
• Automatically allocate payments to invoices based on document references and amounts.
• Use tasks as reminders to chase past due accounts.
• Use Chatter to collaborate with sales and service personnel on late payers and customer accounts.
• Send statements and reminder letters by email.
• Use “My Account” a customer self-service billing portal.

Cash Management - optimise your cash flow and working capital
• Easily forecast cash flows and currency needs.
• Set up multiple bank accounts in different currencies.
• Record receipts from your customers and refunds issued.
• Record one-off payments to vendors and refunds to/from vendors.
• Automatically reconcile your bank statements without re-keying.
• Record bank charges and interest shown on your bank statement.

Ordering and Billing – eliminate manual processes and complex integrations! Sales ordering
• Create an order from a Salesforce opportunity, quote or custom object – in a single click.
• Create orders automatically in batch – “no-touch” order processing.
• Generate invoices automatically from approved orders.
• Eliminate manual processing, re-keying errors, spreadsheets and unnecessary databases – do it all in one cloud.
• Get complete visibility of the CRM-to-Accounting cycle.
• Improve order cycle times, cash flow and sales capacity.

Billing
• Raise an invoice directly from any activity in Salesforce CRM (standard or custom objects).
• Create a single invoice with multiple installment payment-due dates.
• Set up recurring invoices for regular bills, such as an annual maintenance agreement invoiced monthly.
• Generate accounting entries for FinancialForce Accounting or your on-premise ERP system.

Alternatives to FinancialForce Accounting

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Jesus Caballero

The best solution for knowing the health of your company.

22/02/2017

Great user interface, great support, great at doing finance and accounting reports that tell the story of your company financial health. I am a very visual person, and since I don't have a background in finance, its great to have beautiful graphics that convey in a much efficient manner the status of the report.

Pros

Easy to use and amazing graphics.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: Less than 6 months

Frequency of use: Daily

Likelihood to recommend

10/10
Source: Capterra
Helpful?   Yes   No
Read more
Ayushi  Mundra

Recommended cloud accounting system

03/02/2017

I have been doing my month-end close reports and other invoicing with this software. This is a really efficient cloud accounting system and I can easily work on my ledger accounts, account payables, and receivables.

Rating breakdown

Value for money
Ease of use
Features
Customer support
Source: Capterra
Helpful?   Yes   No
Read more
Hyland Software tushar

So far so good

18/01/2017

We are implementing this product and whatever I have seen so far it works well

Pros

good user interface, Intuitive to use

Cons

Haven't observed anything bad

Rating breakdown

Ease of use
Features
Customer support

Time used: Less than 6 months

Frequency of use: Daily

Likelihood to recommend

7/10

Recommendations to others considering FinancialForce Accounting

Do review the product and watch the Demo

Source: Software Advice
Helpful?   Yes   No
Read more
Hanumantha Muddana

Project management

07/10/2016

Easy to configure. It covers all generic features required for project management industry agnostics. Will recommend

Rating breakdown

Value for money
Ease of use
Features
Customer support
Source: Capterra
Helpful?   Yes   No
Read more
kishore chandolu

awesome tool

07/10/2016

it's really nice product and useful and easy to navigate and report the results. I have recommended for several customers too

Rating breakdown

Value for money
Ease of use
Features
Customer support
Source: Capterra
Helpful?   Yes   No
Read more
jay grast

great products great support incredibly expensive

07/10/2016

At some point you will have to decide if the cost is worth the quality. stuff gets done, but you could easily hire several developers to build similar platforms, or integrate with ohers

Rating breakdown

Value for money
Ease of use
Features
Customer support
Source: Capterra
Helpful?   Yes   No
Read more
raghu m

pse package

06/10/2016

we a re using pse for our internal projects maintananace, find the package interesting and easy to use but see a lot ofpotential poain points which can be fixed

Rating breakdown

Ease of use
Features
Source: Capterra
Helpful?   Yes   No
Read more
Rakesh Ega

Senior salesforce developer

06/10/2016

Built on a cloud platform this allows me to manage my accounting in a better way. And the most amazing part is it's available everywhere

Rating breakdown

Ease of use
Features
Customer support
Source: Capterra
Helpful?   Yes   No
Read more
neeraj prasad

great work

06/10/2016

good work. salesforcw is fantastic . good work. salesforcw is fantastic . good work. salesforcw is fantastic

Rating breakdown

Value for money
Ease of use
Features
Customer support
Source: Capterra
Helpful?   Yes   No
Read more
Gloria Perez

Accounting software

06/10/2016

The Accounting Financial Force Software is very easy to use at times. But overall from most accounting products that I have used it is a very upstanding product.

Rating breakdown

Value for money
Ease of use
Features
Customer support
Source: Capterra
Helpful?   Yes   No
Read more