FinancialForce Accounting Review

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Last updated: Apr 08, 2019

FinancialForce Accounting Review

ITQlick rating
(4/5)

Medium business, Large business

FinancialForce Accounting is a comprehensive accounting software that can handle all the financial aspect in a business. It's an all-in one solution for all core financial management needs, supporting general

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What is FinancialForce Accounting? Updated: Apr 08, 2019

FinancialForce Accounting is a comprehensive accounting software that can handle all the financial aspect in a business. It's an all-in one solution for all core financial management needs, supporting general ledger, invoicing, spend management and accounts payable. FinancialForce Accounting is cloud-based and is built on Salesforce.com cloud platform which is also known for offering marketing, sales and services operations solutions.

FinancialForce.com, the company behind this accounting software, was founded back in 2009. The software is backed by Salesforce.com and UNIT4 and is popular for providing accounting, PSA, SCM, revenue recognition, billing and HCM solutions. The company is headquartered in San Francisco.

FinancialForce Accounting Average Rating -

The rating of FinancialForce Accounting is 4 stars. The rating is based on ITQlick experts review

FinancialForce Accounting Typical Customers

FinancialForce Accounting is perfect for companies of all sizes, starting from small businesses to large multi-national enterprises. Companies providing IT services, advertising and marketing, software development, non-profits, energy and utilities and manufacturing can use this software. Peddle LLC, Build IT International and CloudSense are some of the clients of FinancialForce Accounting.

FinancialForce Accounting Features

FinancialForce Accounting comes with some key accounting features like cash management, general ledger, ordering and billing, accounts payable, accounts receivable, workflow sharing and revenue management features. The general ledger comes with flexible and multi-dimensional account charts, multi-currency and multi-company support, automatic reversing journals and accruals and automatic cumulative calculations. The cloud-based system offers real-time reporting which can help users to close books faster, and see P&Ls online in real-time from almost any internet enabled device.

The accounts payable feature comes with streamlined and electronic invoice, pay processing, duplicate invoice detection, authorization processing, workflow processing and spend management features. The cash management part offers multi-currency support, automatically reconciling bank statements, recording bank charges and interest, paying customer refunds and more.

FinancialForce Accounting 5 Pros

  • FinancialForce Accounting is a flexible solution that can support companies of all sizes and adjust to business growth
  • FinancialForce Accounting is cloud-based and can be accessed from any internet enabled device
  • Customer support is available via email, phone and community support where users can submit cases
  • FinancialForce Accounting offers a 360 degree view of customers unlike similar tools
  • FinancialForce Accounting supports multiple currencies and companies support, unlike other similar accounting tools, making it fit for large corporations with global activities

FinancialForce Accounting 2 Cons

  • Some users may initially find the reporting engine to be somewhat complicated to use
  • FinancialForce Accounting doesn’t offer a purchase orders feature which can be a problem for some users

FinancialForce Accounting Alternatives

The main competitors for Financialforce Accounting are Coda Financials and Xledger.

Coda Financials includes the core accounting features of general ledger, payables & receivables, fixed assets as well as project accounting. Additionally it can handle purchasing & requisitions, receiving as well as tools for budgeting, forecasting & planning. There is support for financial controls & auditing as well as workflow automation. Coda Financials can also integrate to a variety of third party applications and include multi-currency and language support as well.

Financialforce Accounting also provides a similar solution with core accounting features. Additionally the product supports cash flow management & revenue recognition with compliance to the latest financial regulations. There is a procurement sourcing model to govern all purchases, and a fixed assets module to account for valuation & depreciation throughout the asset’s lifecycle. Another point is that Financialforce Accounting is built on the Salesforce platform and has access to its App Exchange for added functionality to enhance the product as required.

Xledger is another cloud based accounting package that covers core financials & invoicing, purchasing & inventory, cash flow management as well as project accounting. This includes support for project costing & billing, resource planning and expense management for services operations. The product can also be integrated to third party software and includes a document management system for financial information storage.

Financialforce Accounting on the other hand supports customization to meet accounting requirements and provides APIs for integration to third party software. Additionally the product is compatible with mobile device access and includes business intelligence tools and dashboards for financial reporting.

FinancialForce Accounting Pricing Information

FinancialForce Accounting offers a 14 days free trial for users without asking for credit card details. Pricing plans are only available per request.

FinancialForce Accounting demo

25 questions to ask the vendor on FinancialForce Accounting demo


FinancialForce Accounting Categories

Small Business Accounting
Financial reporting
Core Accounting
Billing & Invoicing
Medical Accounting

Specifications

Company:
Address: San Francisco, CA 94105
Website:FinancialForce Accounting
Customers: Medium business, Large business
Business Area: Finance management
Platforms: Mobile, Cloud
Operating Systems: Mac OS, Windows, Linux


FinancialForce Accounting Features

Accounts Payable
Accounts Receivable
Audit Trail
Billing & Invoicing
Budgeting & Forecasting
Credit Card Processing
Depreciation
Fixed-Assets
General-Ledger
Project-Accounting
Purchase Orders
Sales Reporting
Customer Management
Time and Expense Tracking


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ITQlick rating ITQlick Rating is based on the software score (below) and aggregated online reviews
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