FinancialForce.com Powers Accounting for Enterprise Developer 'Less Software'

SAN FRANCISCO, CA and HARROGATE, UK--(Marketwire - November 18, 2009) - Newly launched cloud accounting solution provider FinancialForce.com today announced that it has added US-based Less Software to its expanding global customer base. Less Software provides sophisticated supply-chain-management software to businesses across the United States via software-as-a-service subscription.

In an industry-wide review, FinancialForce.com's scalability, cost effectiveness, security and rich financial and accounting functionality elevated it above its competitors, said Less Software CEO and co-founder Mike Flanagan.

"As a cloud company ourselves, we knew cloud accounting would eliminate the time and cost involved with owning, maintaining and supporting software on site," Flanagan said. "We also wanted a product that didn't compromise on power or flexibility. After comparing several alternatives we found that FinancialForce Accounting offered the broadest and deepest combination of financial and accounting capabilities. At the click of a mouse button, we can access in-depth business-critical data securely and from any location, at any time, in real time. And we have peace of mind because FinancialForce.com hosts our data on salesforce.com's trusted, robust and secure Force.com platform."

Working closely with FinancialForce.com consultants, Less Software expects to go live soon with billing and core accounting, including accounts payable, accounts receivable and general ledger.

"With FinancialForce.com, we not only get world-class financial management software, we also get a team that understands what we want to do as a business and how to make it happen," Flanagan said.

FinancialForce Accounting's flexible payment model and multi-currency capabilities will also support Less Software's ambitious expansion plans.

"We chose the FinancialForce application as an accounting and finance engine that can grow with us as our business expands and evolves," Flanagan said. "We only pay for the capacity we use, allowing us to increase our expenditure gradually rather than paying for idle capacity. And as a fully internationalized solution, FinancialForce Accounting gives us the robust enterprise financial management capabilities that will help us succeed in markets throughout the world."

About FinancialForce.com -- http://www.FinancialForce.com

FinancialForce.com aims to revolutionize the future of accounting by doing for finance what salesforce.com has done for CRM. It delivers unique cloud accounting applications that give accountants and CFOs online, real-time financial information, always in balance and always up to date. This gives them a better understanding of their business, with the confidence of reliable figures, from secure systems, looked after for them by the world's most trusted enterprise cloud computing platform.

FinancialForce.com is backed by Unit 4 Agresso (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 revolutionary 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.

About Less Software -- http://www.lesssoftware.com

Less Software provides sophisticated on-demand supply chain applications that enable users to efficiently acquire, manage and sell their inventories. These applications are easy-to-use, quick-to-deploy, providing order-fulfilment, supplier management, inventory and warehouse management capabilities that increase visibility and control of all inventory processes. Less Software customers benefit from increased accuracy, improved service levels and reduced cost of operations.

Contact Information: Media Contact: Emelyne Interior LEWIS PR for FinancialForce.com 415-992-4400