Across every industry, technology is transforming business processes. Consulting firms are often called in to help organizations harness the power of the latest technological developments. Imagine running your key financial functions/processes, including general ledger, accounts receivable, accounts payable, revenue recognition, and invoicing, on the same Salesforce cloud platform that you use for your sales and service operations. Welcome to Financial Cloud, which helps make it just right.
FinancialForce combines the power of the Salesforce App Cloud with an innovative cloud accounting system design. The result is an affordable solution that goes far beyond basic bookkeeping and transaction processing, creating a new generation of financial management products.
Here are 6 reasons why you should consider FinancialForce for your accounting needs.
1. Building a customer-centric business: FinancialForce gives your sales and service team full visibility into financial transactions, account balances, and other important critical data. This will further help improve customer satisfaction and your finance team will experience less disruption in their daily work.
2Ensure Accountability – With all your opportunities, quotes, sales receipts, and general ledger entries linked in the same database, auditors can transact by simply clicking from one record to another. You can also see the business process from start to finish with all backups explained.
3. Anytime, Anywhere Access to Finance: With its financial management system running on the Salesforce platform, finance teams can access data anywhere, anytime by using the Salesforce1 mobile application used for financial data. It’s smart, safe, and designed for the modern worker.4. Accelerate Cash Flow – To track outstanding payments, one can leverage the strong business relationships built during the sales process and select the right person as their most effective debt collector. Ultimately, Salesforce Chatter gives the sales team a complete view of customer account balances and payment status for invoices, credit notes, and certain dispute resolution cases.
5. Get enterprise-class data security: Salesforce provides a best-in-class data infrastructure that protects critical and highly sensitive business data for many of the world’s largest companies. Using the Salesforce platform gives your data the same level of protection, including data center security controls and privacy certifications.
6. Make Smarter Decisions: With FinancialForce Financial Management, you can integrate tasks and record conversations across your organization so everyone has the information they need to make better decisions. The platform automatically keeps entire conversations and tasks linked to a single customer record, improving visibility and collaboration instead of lost data points.
7) Generate company-wide insights: With financial data on the Salesforce platform, reps can create detailed reports from data from across the system. Additionally, with FinancialForce Action Views, you can run ad hoc queries, save views as mission-critical KPIs, and drill down into any data source because it’s all on the same platform.https://iqratechnology.com/
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