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FinancialForce Accounting REVIEW

Accounting Software

25 user reviews
USER SATISFACTION 99%
OUR SCORE 9.0

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 Software products

20

FinancialForce Accounting is one of the 20 Online Accounting Software products

20

FinancialForce Accounting is one of the 20
Accounting Software products

20

FinancialForce Accounting is one of the 20
Online Accounting Software products


FinancialForce Accounting is also listed in the following subcategories:

Category:Position:Category:Position:
Accounting Software#11 Accounts Payable Software#12
Accounts Receivable Software#11 Billing and Invoicing Software#13
Budgeting Software#8 Expenses Management Software#11
Financial Reporting Software#10
Category:Position:
Accounting Software#11
Accounts Payable Software#12
Accounts Receivable Software#11
Billing and Invoicing Software#13
Budgeting Software#8
Expenses Management Software#11
Financial Reporting Software#10

Since each company has unique business wants, it is advisable for them to refrain from searching for a one-size-fits-all ideal software application. Needless to say, it would be pointless to try to find such a system even among widely used software applications. The smart thing to do would be to jot down the various important elements that need consideration such as required features, budget, skill levels of staff members, company size etc. Then, you should do your groundwork thoroughly. Read some FinancialForce Accounting reviews and investigate each of the other systems in your shortlist in detail. Such exhaustive groundwork can make sure you discard ill-fitting applications and choose the system that provides all the elements you need for business success.

How Much Does FinancialForce Accounting Cost?

FinancialForce Accounting Pricing Plans:
Free trial
Quote-based Plan
Contact vendor

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 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
  • English
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
  • TRAINING
  • TICKETS

FinancialForce Accounting User Reviews

What are FinancialForce Accounting pricing details?

FinancialForce Accounting Pricing Plans:
Free trial
Quote-based Plan
Contact vendor

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: 25

9
16
0
0
0

Average Rating:

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The most favorable review

Abe

4 months ago


Pros: FinancialForce has boosted our company’s growth and expansion. We are a professional services company and we need to track spend management, resource availability, employee utilization and bill rate, project profitability, etc. FinancialForce helps us do all these and its integration with Salesforce gives our staff access to Salesforce functionalities. We are able to move smoothly through all stages from quote to financials, and our employees get complete visibility throughout the entire process. We use the dashboards and reports to consume and analyze the vital data we are tracking.

Cons: The vendor needs to refresh and improve heavily used user interfaces like those for time and expense entry. I am hoping the new Lightning experience will offer an improved user experience.

The least favorable review

Robert

5 months 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 4 months ago
Verified
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,...



What do you think about this review? Great Poor
Published 5 months ago
Verified
user
I appreciate that FinancialForce Accounting (FFA) is a cloud-based...



What do you think about this review? Great Poor
Published 5 months ago
Verified
user
We advised one of our clients to download the FinancialForce software and use it to...



What do you think about this review? Great Poor
Published 6 months ago
Verified
user
It is helpful solution and all its FF products are great. The support team is responsive and always willing to help. This system provides great features such as:...



What do you think about this review? Great Poor
Published 6 months ago
Verified
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...



What do you think about this review? Great Poor
Published 6 months ago
Verified
user
We appreciate that Financialforce Accounting (FFA) software integrates smoothly with Salesforce CRM which...



What do you think about this review? Great Poor
Published 7 months ago
Verified
user
We really like the integration with Salesforce platform because it helps us to better understand and manage opportunities. I like that with this tool every challenge is...



What do you think about this review? Great Poor
Published 7 months ago
Verified
user
It is helpful solution and all its FF products are great. The support team is responsive and always willing to help. This system provides great features such as:...



What do you think about this review? Great Poor
Published 7 months ago
Verified
user
I like how the objects are built within Financial Force and the simplicity when extracting and interrogating data. It is cloud based system and this means that our team...



What do you think about this review? Great Poor
Published 7 months ago
Verified
user
First of all, I like the integration with Salesforce, it is wonderful and highly helpful. The system is easy to use and user-friendly. You can easily switch between...



What do you think about this review? Great Poor

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