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FinancialForce Accounting REVIEW

Accounting & Finance Software

11 user reviews
USER SATISFACTION 99%
OUR SCORE 9.1

What is FinancialForce Accounting?

FinancialForce Accounting for Salesforce is easy to learn, use, and maintain. Its simple but powerful cloud accounting platform offers an an end-to-end solution ideal for small and large sales and service-oriented companies seeking ways to make their operations more efficient with a smaller investment.

It features the Salesforce Accounting app, which leverages the power and flexibility of the Force.com cloud platform; you get an efficient and cost-effective solution beyond basic bookkeeping and transaction processing. FinancialForce Accounting integrates with Salesforce CRM  to allow companies to work as one team, using one record system for greater consistency and efficiency.

The pricing scheme is flexible, to say at least. The user gets to choose between several financial productivity modules, or combine them in an accounting bundle, depending on which he will be given a specific price that meets his needs. What this means is that FinancialForce accounting is available both for small and large enterprises regardless of the niche they operate in.

Overview of FinancialForce Accounting Benefits

Read on to learn about the numerous FinancialForce Accounting benefits:

Flexible, efficient General Ledger

FinancialForce has flexible, multidimensional chart of accounts, plus the ability for multi-currency and multi-company transaction handling. Its inter-company journal also allows transfer of costs between companies or business units. Likewise, you can use automatic reversing journals to perform accruals and calculate automatically cumulative, year-to-date budgets for each period, or get real time visibility with user and role-based dashboards.

Streamlined Accounts Payable with controlled invoice-to-pay processing

Its document templates and electronic invoicing means less keystrokes for you. Moreover, FinancialForce can automate invoice and expense approvals using authorization workflow, and set credit limits and credit terms by vendor account. You can also pay vendors through check or via electronic transfer, or have due dates and settlement discounts automatically computed based on vendor terms. The software also help you avoid paying for duplicate invoices and set your own check print formats.

Streamlined Accounts Receivable with seamless opportunity-to-cash processing

Create invoices from Salesforce opportunities using a single click, or set credit terms both globally and by customer account. Likewise, automatically caclulate due dates and settlement discounts, or allocate payments to invoices based on document references and amounts. FinancialForce also allows the use of tasks as reminders to chase past due accounts, or Chatter to collaborate with sales and service personnel on late payers and customer accounts.

Furthermore, you can send statements and reminder letters by email with the  software, or use “My Account,” a customer self-service billing portal.

Optimise your cash flow and working capital with Cash Management

FinancialForce allows you to easily predict cash flows and currency needs and set up multiple bank accounts in different currencies. It also helps you to record receipts from your customers and refunds issued and one-off payments to vendors and refunds to/from vendors. Moreover, you can automatcially reconcile your bank statements without re-keying, or record bank charges and interest shown on your bank statement.

Eliminate manual processes and complex integrations with Ordering and Billing

Create an order from a Salesforce opportunity, quote or custom object with a single click, or create orders automatically in batch for a “no-touch” order processing. You can also generate invoices automatically from approved orders and eliminate manual processing, re-keying errors, spreadsheets and unnecessary databases using only one cloud.

Likewise, get full visibility of the CRM-to-Accounting cycle, while improving order cycle times, cash flow and sales capacity.

Easy Billing

The cloud service helps you to raise an invoice directly from any activity in Salesforce CRM (standard or custom objects), or create a single invoice with multiple installment payment-due dates. It also allows you to set up recurring invoices for regular bills, such as an annual maintenance agreement invoiced monthly; or generate accounting entries for FinancialForce Accounting or your on-premise ERP system.

Overview of FinancialForce Accounting Features

Core features
  • Accounts Payable
  • Accounts Receivable
  • Audit Trail
  • Depreciation
  • General Ledger
  • Multi-Currency/Int’l
  • Time & Expense Management
Other features
  • Billing & Invoicing
  • Automated Billing
  • Automated Transactions
  • Billable Hours
  • Check Printing
  • Credit Card Processing
  • E-commerce
  • Invoices
  • Purchase Orders
  • Recurring Billing
Reporting
  • Balance Sheet
  • Budgeting & Forecasts
  • Cash Flow Statement
  • Custom Dashboard Reports
  • Profit & Loss Statement
  • Sales Reports
  • Vertical & Horizontal Analysis
Tax Features
  • 1099 Support
  • Business Activity Statements
  • Multiple Sales Tax
  • VAT
Other features
  • Fixed asset depreciation
  • Automated Journal Entries
  • Bank Reconciliation
  • Trial Balance

FinancialForce Accounting Position In Our Categories

Position of FinancialForce Accounting in our main categories:

20

FinancialForce Accounting is one of the top 20 Accounting & Finance Software products

20

FinancialForce Accounting is one of the top 20
Accounting & Finance Software products


FinancialForce Accounting is also listed in the following subcategories:

Category:Position:Category:Position:
Accounting Software#9 Accounts Payable Software#8
Accounts Receivable Software#8 Billing and Invoicing Software#9
Budgeting Software#6 Expenses Management Software#7
Financial Reporting Software#8
Category:Position:
Accounting Software#9
Accounts Payable Software#8
Accounts Receivable Software#8
Billing and Invoicing Software#9
Budgeting Software#6
Expenses Management Software#7
Financial Reporting Software#8

There are well-liked and widely used systems in each software category. But are they necessarily the best fit for your company’s special wants? A market-leading software product may have thousands of subscribers, but does it provide what you require? For this reason, do not blindly shell out for popular systems. Read at least a few FinancialForce Accounting reviews and consider the factors that you wish to have in the software such as the price, main features, available integrations etc. Then, select a few systems that fit your requirements. Check out the free trials of these platforms, read online reviews, get clarifications from the vendor, and do your investigation thoroughly. This profound homework is sure to assist you find the finest software application for your firm’s unique wants.

How Much Does FinancialForce Accounting Cost?

FinancialForce Accounting Pricing Plans:

FinancialForce ERP is a subscription-based SaaS sold as per module, typically consisting of the following:

  • FinancialForce Financial Management
  • FinancialForce Ordering and Billing
  • FinancialForce Human Capital Management (HCM)
  • FinancialForce Professional Services Automation (PSA)
  • FinancialForce Supply Chain Management (SCM)

All modules are priced on quote basis, meaning that users receive an individual pricing package tailored to their needs. Contact the company for more details, and ask for your quote.

User Satisfaction

We realize that when you make a decision to buy Accounting & Finance Software it’s important not only to see how experts evaluate it in their reviews, but also to find out if the real people and companies that buy it are actually satisfied with the product. That’s why we’ve created our behavior-based Customer Satisfaction Algorithm™ that gathers customer reviews, comments and FinancialForce Accounting reviews across a wide range of social media sites. The data is then presented in an easy to digest form showing how many people had positive and negative experience with FinancialForce Accounting. With that information at hand you should be equipped to make an informed buying decision that you won’t regret.

POSITIVE SOCIAL MENTIONS

137

NEGATIVE SOCIAL MENTIONS

1

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Technical details

Devices Supported
  • Windows
  • Android
  • iPhone/iPad
  • Mac
  • Web-based
Language Support
  • USA
  • UK
  • Canada
  • International
Pricing Model
  • Monthly payment
  • Quote-based
Customer Types
  • Small Business
  • Large Enterprises
  • Medium Business
Deployment
  • Cloud Hosted

What Support Does This Vendor Offer?

  • EMAIL
  • PHONE NO.
  • TRAINING
  • TICKETS

FinancialForce Accounting User Reviews

What are FinancialForce Accounting pricing details?

FinancialForce Accounting Pricing Plans:

FinancialForce ERP is a subscription-based SaaS sold as per module, typically consisting of the following:

  • FinancialForce Financial Management
  • FinancialForce Ordering and Billing
  • FinancialForce Human Capital Management (HCM)
  • FinancialForce Professional Services Automation (PSA)
  • FinancialForce Supply Chain Management (SCM)

All modules are priced on quote basis, meaning that users receive an individual pricing package tailored to their needs. Contact the company for more details, and ask for your quote.

What integrations are available for FinancialForce Accounting?

  • Business Intelligence
  • Customer Relationship Management (CRM)
  • E-commerce
  • Inventory Management
  • Payroll
  • Point of Sale
  • Supply Chain Management
  • Salesforce

User reviews


User reviews in total: 11

5
6
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Average Rating:

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The most favorable review

Donna S.

2 weeks ago


Pros:
I have been part of two FinancialForce Accounting implementations thus far in my career. I have a non-finance background and I had to learn accounting for the implementation. I really commend the staff at FinancialForce for their excellent support. They take customer feedback seriously to continuously improve their software and services.

Cons:
Not a drawback really but I wish to point out that the system is not very forgiving. This is good as it means better auditability and fewer changes. Our users are compelled to enter accurate data because they don’t have the luxury of going back and changing it later.

The least favorable review

Robert M.

3 weeks ago


Pros:
I appreciate that FinancialForce Accounting (FFA) is a cloud-based software that is designed on the popular Salesforce platform. The features are easily customizable and follow the same rules maintained by Salesforce objects. FFA is a robust app for supply chain and inventory management.

Cons:
The vendor could offer better documentation for the product’s features. The documentation is not clear and you need to talk with their sales rep to understand them.

Published 2 weeks ago
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user
I have been part of two FinancialForce Accounting implementations thus far in my career. I have a non-finance background and I had to learn accounting for the...



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Published 2 weeks ago
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user
FinancialForce has boosted our company’s growth and expansion. We are a professional services company and we need to track spend management, resource availability,...



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Published 3 weeks ago
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user
I appreciate that FinancialForce Accounting (FFA) is a cloud-based...



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Published 4 weeks ago
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user
In my opinion, the best part about FFA is consolidation of multiple companies. We operate more than 10 businesses in four continents and FFA offers a great live overview...



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Published 1 month ago
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user
I love that FinancialForce Accounting makes it simple to connect our invoicing with the data already in Salesforce. If you're using Salesforce, you should definitely...



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Published 1 month ago
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user
The advantages are the software is auditable, anyone can use it with a license and internet connection, and makes it simple to recognize our revenue. Salesforce users...



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Published 1 month ago
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Published 1 month ago
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I appreciate FinancialForce’s natural integration with Salesforce. I also love that the vendor offers complete ERP systems and not just accounting platform. This means...



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Published 2 months ago
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user
We appreciate that Financialforce Accounting (FFA) software integrates smoothly with Salesforce CRM which...



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Published 2 months ago
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We advised one of our clients to download the FinancialForce software and use it to...



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