FinancialForce.com Delivers Summer '10 With Chatter-Powered Inter-Departmental Collaboration

BOSTON, MA--(Marketwire - June 17, 2010) - FinancialForce.com, the global leader in online cloud accounting solutions built natively on the Force.com platform from salesforce.com, today announced the availability of Summer '10, the 4th generation release of FinancialForce Accounting. This new version includes significant new features and a Chatter-powered inter-departmental collaboration engine. The announcement was made at The Grape Escape analyst event in Boston.

FinancialForce.com delivers three releases every year based on new Force.com platform developments from salesforce.com, ensuring all customers benefit from the latest cloud accounting technology to manage their finance functions. Summer '10 will be the first edition of FinancialForce Accounting to include built-in collaboration features from Chatter, salesforce.com's new enterprise messaging application due for general release on June 22nd. As the only accounting application that 'speaks Salesforce,' the collaborative element of this release will set FinancialForce Accounting customers apart.

FinancialForce Accounting is among the first apps to leverage the advantages of Chatter. Customers will benefit from collaboration around business processes like order to cash, which dissolve inter-departmental boundaries that hinder the running of an effective business. The Chatter-enabled FinancialForce application will allow more frequent and effective collaboration around sales opportunities, customer accounts and service issues in order to achieve best pricing and payment structures for big deals or avoid costly payment delays and disputes.

The latest FinancialForce release has been developed with a focus on making accounting processes even more efficient for users. It includes a completely new user interface with an enhanced look and feel, increased depth of functionality related to intercompany accounting and revenue recognition, and a faster pay process.

"Our customers will be the first to benefit from the collaborative business processes available with Summer '10," said Jeremy Roche, president and CEO of FinancialForce.com. "We have combined the latest cloud accounting technology with the ability for finance and other departments to collaborate more effectively. Cloud is the future of accounting and FinancialForce.com will continue to leverage the latest technologies to help accountants work smarter."

Supporting customer quotes

"At last a product that does really well in completing the business process from sales to accounting via selling, billing and cash." -- James Love, VP Sales and Marketing, ICEF GmbH

"We are already reaping the benefits of having a single platform that supports our core business functions from sales, to consulting management, procurement and financial reporting." -- David Tan, Operations Director, Quattro Innovation Group

"It is very exciting knowing that we have all our company and customer data in one place -- we can do things that would be quite simply impossible if the data was kept in disparate locations." -- Oliver Cornes, Owner, Juicy Property

"Salesforce.com has exceeded all expectations, but the finance component was missing. Because FinancialForce Accounting is built to work seamlessly with the CRM, we have one view of every customer, an impressive web based system and better functionality than ever before. It is helping us be successful as a business." -- Gary White, CEO, White Springs Inc.

"... We selected FinancialForce.com to link our sales and financial process together. We expect to gain significant process improvements from creating this linkage, and more importantly, we're seeking to provide our clients with increased levels of service." -- Paul Cheesbrough, CIO, Telegraph Media Group

About FinancialForce.com

FinancialForce Accounting is a unique online cloud accounting solution -- the only one to be built natively on the Force.com platform from salesforce.com. It allows finance teams of organizations using Salesforce CRM -- the world's most successful online solution -- to truly 'Speak Salesforce' in a way no other cloud accounting system can do, dramatically simplifying processes like invoicing, collecting cash and servicing customers.

Having created the only financial management solution that 'Speaks Salesforce,' FinancialForce.com does for finance what salesforce.com has done for CRM -- it gives organizations a complete understanding of their financial and business performance that is 100% up-to-the-minute and accurate.

FinancialForce Accounting's unique real-time design is always in balance and up to date, delivering the confidence of reliable figures from secure systems, looked after by the world's most trusted enterprise cloud computing platform. It is aimed at organizations outgrowing their original accounting applications and looking for a simple yet powerful accounting solution with the capability to support them as they expand locally and even internationally.

FinancialForce.com was funded with an investment from UNIT4 (parent company of accounting software specialist CODA) and salesforce.com. It combines CODA's 30 years of designing and building financial applications, with the salesforce.com platform's decade of dependability, availability and security.

The result is a range of cloud computing applications, including FinancialForce Accounting -- a full Software as a Service (SaaS) accounting application -- delivered on a subscription basis; the first international SaaS accounting system developed on salesforce.com's cloud computing platform, Force.com.

Contact Information: For more information, please contact: Emma Hoyle FinancialForce.com PR Manager ehoyle@financialforce.com +44 (0)1423 537977