Close it, Bill it, and Collect it…all on Salesforce
Everyone is happy when your company closes a big sale, but that is when the trouble can start for financial managers. In many companies, billing is a manual and laborious process consisting of rekeyed information and a mixture of detached spreadsheets and custom databases. These inefficiencies can cause billing mistakes, bottlenecks at month end, long order to cash cycles and lead to lower customer satisfaction.
FinancialForce Billing streamlines the invoicing process by using information already held in Salesforce CRM - so there's no need for manual rekeying or complex integrations. Users can create an invoice directly from any opportunity, support case or other billable activity captured in Salesforce at the click of a button.
Optimize your Order to Cash Cycle
Because FinancialForce customer records were built with salesforce.com account objects, time delays and process friction are eliminated from your order to cash procedure.The bills are generated from CRM sales transactions or FinancialForce Sales Orders and can be posted directly into the FinancialForce single ledger. This means invoices are generated quickly and accurately, eliminating time delays, billing disputes and work backlogs at the end of the month. Billing disputes and re-work due to mistakes are eliminated.
You will improve DSO, optimize cash management, keep your customers happy and make less work for your staff.
- Raise an invoice directly from any activity in Salesforce CRM (standard or custom objects)
- Create a single invoice with multiple installment payment due dates
- Set up recurring invoices for regular bills, such as an annual maintenance agreement invoiced monthly
- Generate accounting entries for FinancialForce Accounting or your on premise ERP system