FinancialForce announced its
Summer 2020 Release featuring critical new capabilities to provide
organizations with greater intelligence and resource visibility for today's
evolving business environment. Scheduled for general availability on July 8,
the Release will help organizations make more informed decisions and successfully
navigate the process of stabilizing, recovering, and growing their businesses.
FinancialForce
worked with customers to identify and introduce features in the Summer Release
that solve for key challenges confronting finance and services leaders and
their organizations during the COVID-19 pandemic. Top updates based on this
input are all-new dashboards that leverage Salesforce Einstein analytics
experience for better cash management and capacity planning for today's
resource-constrained environment.
"Agility is
essential to organizations at every stage of their response to COVID-19 and
beyond," said R "Ray" Wang, Principal Analyst and Founder, Constellation
Research, Inc. "Services companies, in particular, are adopting technologies
that allow them to forecast frequently, plan for alternative scenarios, and
continually adjust capacity based on a range of variables."
The Release
includes two new dashboards that address these needs. The Cash Flow Forecast
Dashboard will provide greater visibility into cash outflows and inflows for
better cash management. The Capacity Planning and Demand Dashboard brings
resource capacity together with demand to give resource managers a
forward-looking view of capacity by role with the ability to drill-down to
individual resources.
To further
support business planning and forecasting, the Release will also offer new KPIs
and analytics that enable CFOs and their teams to plan for multiple
scenarios.
"Our Summer 2020
Release is specifically designed to help finance and services teams operate
more effectively by offering greater intelligence, automation, and visibility
into their businesses," said Dan Brown, Chief Product and Strategy Officer at
FinancialForce. "Based on customer input, we fast-tracked updates that give organizations
the ability to quickly prepare and adjust forecasts and capacity so they can
better meet the demands of the market and make more informed decisions about
cash needs, investments, expenditures, and resources."
New enhancements
to FinancialForce ACCELERATE--a set of product and service solutions that
accelerate business value across the entire customer lifecycle
experience--continue to ensure that customers can take full advantage of
FinancialForce features and upgrades by supporting fast adoption and leading
practices. With Summer 2020, customers gain even faster time to value with
ready-built application deployments called Accelerate Builds, which include
leading practices built-in that provide a baseline for differentiated
experiences. The Customer Lifecycle eXperience (CLX) Hub adds enhanced tools
and technology to manage solution deployments with increased quality,
predictability, and speed.
Key features
in the Summer 2020 Release:
PSA
Analytics:
- View future capacity
challenges, based on planned and potential work, and take proactive action
with the Capacity Planning and Demand Dashboard.
ERP Analytics:
- More easily track core
subscription bookings KPIs, including Annual Recurring Revenue (ARR), Monthly
Recurring Revenue (MRR), Customer Renewal Rate, and Customer Churn.
- Add filters for accounting
books (multi-book) all financial dashboards
- See a 360-view of projected
cash in the all-new Cash Flow Forecast Dashboard
ERP Cloud:
- Email
payment remittances from Payments Plus, automating the process of alerting
vendors about which invoices were included in a specific payment..
- Save your tax information from
FinancialForce Billing Central in Avalara, making it easy to submit tax
returns.
- Save jurisdiction-level tax
breakdowns returned from Avalara AvaTax, and support "ship to" and "ship
from" at the line level as well as use code and product tax code.
- Activate Salesforce Lightning
Experience (LEX) in FinancialForce Billing Central to boost your team's
productivity.
- Dimension combination rules
have been enhanced from a user interface perspective allowing for a more
intuitive multi-select UI as well as the ability to validate combination
rules on "Save" vs. "Post;" ensuring that the right information is
recorded for reporting and analysis of financial transactions.
- Edit row definitions for the
embedded Income Statement allowing for a more ad-hoc reporting experience.
- Filter Trial Balance and Income Statement by
dimensions and save filters for future use.