FinancialForce has unveiled a revamp of its financial management product with a restructuring of apps, offering ‘features never seen before in ERP’.
According to the cloud-based applications company, the improvements to its finance apps leverage the power of Salesforce and provide finance department users with the tools they need to tailor how they enter accounting information.
Raphael Bres, general manager of financial management applications at FinancialForce, told AccountingWEB the Spring release was a “game-changer” and part of a new approach towards a more customer-centric business.
“The new CFO is a strategic business partner, guiding his or her company to smart growth and more bulletproof business models. This means the finance team needs to spend time providing insights to the business instead of collecting or reconciling data.
“With this release, we are giving financial applications users powerful new technologies that boost data capture and put collaboration, action and the right information at their fingertips to transform the way they engage with customers and do business,” Bres said.
The key highlight, according to Bres, is around user experience and delivering groundbreaking technology to end users, as well improvements to reconciliation functionality.
The company believes this is the first ERP finance management solution that customers are able to personalise for end users without the need for developers or consultants.
Part of the new functionality allows new screens, optimised for each specific task, to be created. The release includes an addition to the software's Action Views called related content panels (RCPs), where users can design work panes that combine information from any object on the Salesforce App Cloud with FinancialForce accounting transactions, accounts and balances in a single view.
There is also the ability to drill through to Salesforce customer information directly depending on security privileges, as well as the addition of a Salesforce Chatter window.
FinancialForce has delivered enhancements to its core accounting solution, including:
- Transaction reconciliation - ability to reconcile any balance sheet account
- Intercompany elimination - allows the removal of transactions between companies included in a group
- Exchange rate system - delivers information and coordination across its platform
On customer engagement Bres said its community portal allowed customers to collaborate and post ideas of what they want to see in the product.
The company then looks at the most popular feature requests and implements them.