FinancialForce.com opinions or reviews
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Katie
Oct 17, 2009, 2:25:27 PM10/17/09
to SocialERP
I'm looking for an accounting software solution that integrates with
salesforce.com. I've found Intacct and FinancialForce.com, however, I
cannot find any user comments, independent reviews or other coverage
on FinancialForce.com. Any references appreciated.
salesforce.com. I've found Intacct and FinancialForce.com, however, I
cannot find any user comments, independent reviews or other coverage
on FinancialForce.com. Any references appreciated.
Therese
Oct 19, 2009, 8:37:33 PM10/19/09
to SocialERP
FinancialForce.com is a just announced joint venture between
Salesforce.com and Unit 4 Agresso (the parent company of AppExchange
accounting software product CODA 2Go). CODA is a long-time accounting
software manufacturer in the UK that has done well in Europe but never
made inroads in the US. The CODA 2Go solution also appears to have
been less than successful as after two years on AppExchange, the
company only cites one customer success story.
Salesforce.com has had a difficult time with back-office and
accounting software. In 2002, the company developed a “Billing
Edition” that was to be the stepping stone into accounting. However,
that release was a failure and the project was abandoned. More
recently, accounting software maker Intacct became the salesforce.com
financial system partner, however, that relationship appears strained,
the joint solutions didn’t set the woods on fire and Intacct has
internal problems of its own.
The new CODA 2Go and Salesforce.com partnership appears suited for
services businesses with very simple accounting needs. The accounting
application includes General Ledger, Accounts Payable and Accounts
Receivable and is missing inventory management and fulfillment
capabilities as well as multi-company and global company
functionality.
Salesforce.com and Unit 4 Agresso (the parent company of AppExchange
accounting software product CODA 2Go). CODA is a long-time accounting
software manufacturer in the UK that has done well in Europe but never
made inroads in the US. The CODA 2Go solution also appears to have
been less than successful as after two years on AppExchange, the
company only cites one customer success story.
Salesforce.com has had a difficult time with back-office and
accounting software. In 2002, the company developed a “Billing
Edition” that was to be the stepping stone into accounting. However,
that release was a failure and the project was abandoned. More
recently, accounting software maker Intacct became the salesforce.com
financial system partner, however, that relationship appears strained,
the joint solutions didn’t set the woods on fire and Intacct has
internal problems of its own.
The new CODA 2Go and Salesforce.com partnership appears suited for
services businesses with very simple accounting needs. The accounting
application includes General Ledger, Accounts Payable and Accounts
Receivable and is missing inventory management and fulfillment
capabilities as well as multi-company and global company
functionality.
Bart
Oct 29, 2009, 8:06:47 PM10/29/09
to SocialERP
FinancialForce.com is largely a pre-release announcement - probably
designed to freeze purchase decisions until the accounting software
becomes real. It appears to me that in the short run, the product is
so basic and shallow it will only satisfy the smallest and simplest of
SMB companies. However, since Salesforce.com is financially invested
in the product, they are certain to promote it (over their other
AppExchange partner solutions) and over a longer haul, the product may
reach a maturity to satisfy some mid-sized companies. The biggest
loser associated with the FinancialForce.com release is Intacct.
Intacct has no CRM application, so the company made a big investment
in integrating and partnering with Salesforce.com and this
relationship has been the #1 source of new business for them. However,
since Intacct's CRM integration is weak, their accounting software
product is built on PHP and not on Force.com, and their company is no
longer blessed by Salesforce.com, their largest source of new business
is certain to dry up. If Intacct ceases operations (which I believe is
likely), that will leave only Netsuite and Aplicor with hosted back-
office accounting systems.
designed to freeze purchase decisions until the accounting software
becomes real. It appears to me that in the short run, the product is
so basic and shallow it will only satisfy the smallest and simplest of
SMB companies. However, since Salesforce.com is financially invested
in the product, they are certain to promote it (over their other
AppExchange partner solutions) and over a longer haul, the product may
reach a maturity to satisfy some mid-sized companies. The biggest
loser associated with the FinancialForce.com release is Intacct.
Intacct has no CRM application, so the company made a big investment
in integrating and partnering with Salesforce.com and this
relationship has been the #1 source of new business for them. However,
since Intacct's CRM integration is weak, their accounting software
product is built on PHP and not on Force.com, and their company is no
longer blessed by Salesforce.com, their largest source of new business
is certain to dry up. If Intacct ceases operations (which I believe is
likely), that will leave only Netsuite and Aplicor with hosted back-
office accounting systems.
Edy
Oct 30, 2009, 12:55:35 PM10/30/09
to SocialERP
I’m at the SIIA OnDemand conference in San Jose, CA and this morning’s
keynote was by NetSuite CEO Zach Nelson. At the end of his
presentation he was asked about the pending release of
FinancialForce.com. While his opinion is predictably biased, he made a
few interesting comments. First, he indicated that FinancialForce.com
is an extension of what parent company Unit 4 Agresso began some years
ago (with CODA 2go) and suggested that their development of an on-
demand accounting system has resulted in a black hole of expenses and
moving the project from a department of the company to its own entity
was a method to get its losses and debt off the parent company’s
books.
Second, because of the Salesforce.com/Force development approach,
which he indicates uses layers of abstraction between Force and
externally developed applications, he believes that the
FinancialForce.com, and other Force.com applications, will “hit
unsolvable performance issues.” As accounting software and ERP systems
are OLTP (online transaction processing) intensive, this may be a very
valid point. He went on to reference other Force.com development
issues related to software upgrades, version control and loosely
managed multiple party software management.
keynote was by NetSuite CEO Zach Nelson. At the end of his
presentation he was asked about the pending release of
FinancialForce.com. While his opinion is predictably biased, he made a
few interesting comments. First, he indicated that FinancialForce.com
is an extension of what parent company Unit 4 Agresso began some years
ago (with CODA 2go) and suggested that their development of an on-
demand accounting system has resulted in a black hole of expenses and
moving the project from a department of the company to its own entity
was a method to get its losses and debt off the parent company’s
books.
Second, because of the Salesforce.com/Force development approach,
which he indicates uses layers of abstraction between Force and
externally developed applications, he believes that the
FinancialForce.com, and other Force.com applications, will “hit
unsolvable performance issues.” As accounting software and ERP systems
are OLTP (online transaction processing) intensive, this may be a very
valid point. He went on to reference other Force.com development
issues related to software upgrades, version control and loosely
managed multiple party software management.
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