FinancialForce has unveiled its Fall 2021 launch, which incorporates new capabilities equivalent to Superior Useful resource Administration for the Skilled Providers Cloud, which creates a extra environment friendly staffing course of, in addition to new ERP enhancements geared toward making it simpler for purchasers to run their enterprise digitally.
“The tempo of change has by no means been quicker. Organizations must be extra agile and customer-centric than ever to fulfill the evolving calls for of the market,” stated Dan Brown, chief product and technique officer at FinancialForce, in a press release. “Our Fall 2021 Launch allows organizations to get the very most out of their ERP and PSA options. It provides them every little thing they should run their operations digitally to allow them to adapt to alter and actually put clients on the middle of every little thing they do.”
Staffing assets
The Fall 2021 launch introduces a sturdy set of enhancements to FinancialForce’s Superior Useful resource Administration capabilities inside PS Cloud. ARM is supposed to optimize the staffing course of for useful resource managers and supply an enticing expertise for workers.
Useful resource managers can now entry a richer set of knowledge throughout abilities, experiences, and certifications to tell staffing choices. They’re additionally in a position to leverage an automatic method to looking for assets and rating them throughout a number of requests. This enables useful resource managers to optimize staffing plans and construct stronger mission groups.
Staff and workforce members can now take a extra central position within the staffing course of by figuring out ability aspirations and expressing curiosity in work most fascinating to them. They will additionally obtain prompts by way of Subsequent Greatest Motion to replace their abilities primarily based on earlier assignments. This provides workers extra affect over the scheduling course of and helps them chart the development of their very own careers.
ERP updates
The discharge additionally introduces highly effective new enterprise useful resource planning options, together with multi-x enhancements, extra localizations, improved buyer engagement, and globalization enhancements to our next-generation monetary report builder.
On the multi-x entrance, the discharge contains assist for multi-company journals, which permits for the power to publish journal entries whatever the present group. With this functionality, data may be shared and unified throughout your complete enterprise. The discharge additionally gives assist for superior consolidations, geared toward accelerating period-end-close for multi-tiered organizations by simplifying the consolidation course of throughout entities, lowering handbook efforts, and minimizing errors.
Clients can enhance effectivity of money matching by way of computerized write-offs primarily based on threshold guidelines for corporations and currencies. This enables clients with a excessive quantity of invoices to hurry up the money matching course of in a multi-company atmosphere, eliminating the necessity to manually write-off remaining bill quantities one after the other. Moreover, the income contract true up functionality in Income Administration is designed to assist clients account for forex price fluctuations, making certain correct month-end reporting.
Worldwide updates
The Fall 2021 launch additionally contains expanded localization assist for Germany, Norway, Sweden and Belgium, in addition to extra withholding tax assist. These enhancements permit clients to fulfill the regulatory accounting necessities within the nations by which they function and shortly adapt to the distinctive wants of various places.
The discharge additional extends the facility of FinancialForce’s Buyer Engagement providing by way of the addition of Stock Gross sales Orders. Gross sales Orders may be analyzed throughout a number of buyer tasks or accounts, and Income Contracts and efficiency obligations for Income Recognition may be generated. Consolidated invoices throughout subscriptions, drop shipments, gross sales orders and providers present a extra full and correct image of buyer engagement and conduct, offering a single view of all associated buyer exercise by way of the Buyer Engagement performance.
Report builder updates
The brand new launch bolsters Monetary Report Builder, FinancialForce’s subsequent technology monetary reporting know-how. Now in its third model, FRB has added “out of the field” monetary statements for the French and Spanish markets to the wealthy present repository of monetary statements and reviews. With assist for the brand new Reporting forex, FRB leverages the multi-x capabilities of FinancialForce Accounting, enabling much more advanced monetary report creation with out the necessity for post-installation efforts or report rebuild.
Upgraded consumer expertise
The newest Salesforce Lightning Expertise (LEX) updates within the Fall 2021 Launch embrace improved effectivity and accuracy throughout transaction & financial institution reconciliations, computerized write-offs, providers billing, in addition to put away and delivery queues. Consultants are in a position to enter bills by way of the brand new LEX enabled interface both immediately in a workspace or mission, or remotely utilizing the brand new cellular expense entry within the Salesforce cellular app.
The Fall 2021 launch gives an optimized design throughout all workspaces to extend efficiencies with collapsible left and proper areas and a brand new Share KPI card that highlights efficiency. Associated Lists can be accessed on KPI playing cards to shortly drill all the way down to the extent of element wanted to make knowledgeable enterprise choices.