The Howdy Glossary

FinancialForce is a cloud-based ERP software tailored for finance and accounting, integrating seamlessly with the Salesforce platform to unify customer and financial data. It offers comprehensive functionalities such as general ledger management, accounts payable and receivable, fixed assets tracking, cash management, revenue recognition, and project accounting. Founded in 2009 by Jeremy Roche and Nigel Letty, FinancialForce aims to enhance financial operations' efficiency and accuracy while providing valuable business insights through real-time reporting.

One of FinancialForce's standout features is its deep integration with the Salesforce platform. This connection offers businesses a unified view of customer and financial data, enabling better decision-making. The software also excels in project accounting capabilities by offering detailed tracking of project costs and revenues. Additionally, it provides customizable dashboards and robust real-time reporting tools that help organizations gain insights into their performance while ensuring compliance with regulatory requirements.

In the competitive landscape of cloud-based ERP software, FinancialForce goes head-to-head with Oracle NetSuite, SAP Business ByDesign, Microsoft Dynamics 365 Finance, and Sage Intacct. These competitors offer similar core functionalities but differ in their strengths and target markets. FinancialForce distinguishes itself through its seamless Salesforce integration which provides a holistic operational view for businesses engaged in project-based work or those seeking advanced financial management solutions. Its emphasis on real-time reporting tools further empowers decision-makers by delivering crucial business insights efficiently.