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Glossary>Accounting>Financialforce Accounting

Financialforce Accounting

Financialforce Accounting is a cloud-based financial management solution built on the Salesforce platform. It automates and streamlines accounting processes, including general ledger, accounts payable, accounts receivable, billing, and revenue recognition. It integrates seamlessly with Salesforce CRM to provide real-time financial insights and improve decision-making.

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About Financialforce Accounting

Financialforce Accounting was created in 2009 by FinancialForce, a joint venture between UNIT4 and Salesforce. It was developed to provide a cloud-based financial management solution that could integrate seamlessly with Salesforce CRM, aiming to streamline accounting processes and offer real-time financial insights for better decision-making.

Strengths of Financialforce Accounting included seamless integration with Salesforce, real-time financial insights, and automation of accounting processes. Weaknesses involved potential complexity for new users and higher costs compared to some alternatives. Competitors included NetSuite, QuickBooks Online, and Sage Intacct.

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How to hire a Financialforce Accounting expert

A Financialforce Accounting expert must possess skills in Salesforce administration, proficiency in financial management and accounting principles, expertise in using Financialforce modules (e.g., general ledger, accounts payable/receivable), and experience with financial reporting and analytics. Additionally, they should have knowledge of integration techniques and data migration within the Salesforce ecosystem.

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