SOURCE: FinancialForce.com

FinancialForce.com

January 25, 2011 10:00 ET

FinancialForce.com Completes Acquisition of Appirio Professional Services Enterprise Solution

Services Companies Can Tap the Combined Power of Salesforce CRM, FinancialForce Accounting and PS Enterprise

SAN MATEO, CA--(Marketwire - January 25, 2011) - FinancialForce.com, the global leader in online cloud accounting solutions built natively on the Force.com platform from salesforce.com, today announced it has completed its acquisition of the PS Enterprise cloud solution from Appirio, Inc.

PS Enterprise gives services management the insight required to put the right people on the right projects for successful services delivery. It is not another siloed PSA (Professional Services Automation) application -- it supports a services business end-to-end, bridging the gap between how services teams sell and deliver projects. Combined with FinancialForce Accounting and Salesforce CRM, it creates the only end-to-end solution for services companies on the Force.com cloud platform.

This combined application approach delivered from a single cloud platform enables FinancialForce.com to offer a complete cloud-based solution to help services companies sell work, do work and bill work more effectively. Unlike other products that are interfaced or bolted together at a programmatic level, these applications are on the same platform. They share the same customer account records, same user interface, same login, same workflow engine, same reporting tools etc. This means users can see all activities related to a customer on one account view, including activities from sales, professional services, customer service, billing and accounts receivable. Processes such as billing flow from the professional services application through to accounts receivable and general ledger. This single application environment provides unparalleled productivity, efficiencies and reporting.

"Acquiring PS Enterprise is another step in our long term strategy to provide complementary back office solutions built on the Force.com platform that deliver even greater value to salesforce.com customers," said Jeremy Roche, president and CEO of FinancialForce.com. "We are clearly strong believers in the power of the Force.com platform, but even we were surprised at how easily we could integrate the two solutions. This is a big benefit for our customers, and it's a clear advantage for FinancialForce.com compared to vendors who are attempting to cobble together solutions from disparate platforms."

FinancialForce.com will continue to support PS Enterprise integrations with customers' existing finance systems, both cloud-based or on-premise.

About FinancialForce.com
FinancialForce.com builds cloud accounting applications on Force.com, the world's leading enterprise cloud computing platform from Salesforce.com. FinancialForce applications are designed for growing organizations, helping them to align Finance, Sales and Service in a way that enables them to increase the bottom line, not just the revenue. The expertise behind the company is based on 30 years of experience in developing accounting systems. FinancialForce.com is backed by two of the biggest players in the business, UNIT4 and salesforce.com.

To learn more please visit www.FinancialForce.com.

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