Financial analytics

Are you too reliant on Excel?

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Despite the abundance of IT reporting tools available today, most finance departments struggle to keep up with reporting and analysis demands. But the problem isn’t necessarily the reporting tools; it is the inflexibility, inadequacy and disjointed nature of the information model in their underlying business systems. When confronted with these types of limitations, financial managers usually resort to spreadsheets and MS Access™ databases to merge data and fill the gap. These offline or desktop workarounds lead to data integrity issues, long period closes and late nights at the office. This method is the antithesis of cloud computing. It is an old approach that has become a way of life for many financial managers, but it doesn’t have to be that way.

Flexible and customizable financial information model

FinancialForce Accounting provides exceptional ways to capture, store, and maintain financial data, providing  managers with a rich base of auditable financial information that can be accessed anytime and from anywhere.  Financial information is all held in single database which includes balances, transactions, budgets, forecasts and statistical measures. The system’s multidimensional chart of accounts serves as the analytic foundation and is further complemented by the ability to add custom fields to transactions and objects in the systems. And if you are also utilizing Salesforce CRM, you will enjoy one end to end business database available to you anywhere in the world on just about any device.  

Highlights

• Real-time dashboards
• Choose from a variety of reporting tools including Force.com and Microsoft Excel™
• Multiple budget values, forecasts and revisions
• Create your own reporting fields
• Combine financial information with CRM and custom application on the Force.com platform