Personalized analytics, role-based workspaces, and LEX: our most impactful ERP yet

FinancialForce News and Insights

Personalized analytics, role-based workspaces, and LEX: our most impactful ERP yet

It’s a great 2020 kickoff for ERP with the Fall 2019 and Winter 2020 releases by FinancialForce. These releases are jam-packed with new functionality that includes personalized and predictive analytics, role-based workspaces, and a next-gen user experience powered by the latest Salesforce Lightning (LEX) and Einstein advancements. For finance and services professionals, this quickly translates into higher productivity and more informed decision making. 

G2 Leader for Winter 2020
It’s clear customers appreciate what FinancialForce is delivering. In G2’s Winter 2020 report, FinancialForce PSA was once again named the top PSA Leader for the enterprise and FinancialForce ERP was named a Leader in the Mid-Market Grid report for Accounting. We owe these high rankings to positive reviews from customers as well as our strong market presence. 

Read on to see the eight biggest updates in the latest version of FinancialForce. 

1. The power couple: LEX and Einstein

By combining LEX with Einstein Analytics, FinancialForce empowers users to more easily access and personalize the most relevant and most actionable insights. 

2. Role-based workspaces: one-stop-shops

Our new role-based workspaces give specific users everything they need in one place: tasks, alerts, KPI counts, and more – out-of-the-box and ready to help tackle the work at hand. With workspaces, your users will be able to better prioritize tasks and make faster decisions. Additionally, embedded analytics serve up interactive dashboard reports with data that’s more comprehensive and contextual to help accelerate key business processes. Available workspaces include: 

  • Cash Management
  • Period End Close
  • ERP System Administration
  • Resource Manager
  • Procurement Manager
  • Billing Manager
  • Accounts Payable
  • Order Fulfillment Manager

3. Enhanced analytics and dashboards

FinancialForce offers several new built-in dashboards to help organizations forecast and predict revenue trends and cash flow with greater confidence and accuracy. Available dashboards include:

  • Revenue Trend Predictions
  • PSA Billing Forecasting
  • Subscription Bookings
  • Aged Analysis

4. Powerful services forecasting at your fingertips

Leverage next-generation revenue forecasting to improve your services predictability and accuracy for the project manager through to the practice lead. Support for multiple revenue forecasting methods for both fixed fee and T&M work covers the varied needs of services organizations with more complex pricing models. 

5. Consolidated invoicing: support all your revenue streams

Service-based organizations often have much of their revenue coming from multiple sources and billing models. With consolidated invoicing, FinancialForce customers can create a single bill from multiple sources, including services originating from FinancialForce PSA. Additionally, FinancialForce Revenue Recognition & Forecasting now allows users to execute a single recognition routine for several currencies.

6. New PSA integrations
 
Larger services teams often require a number of tools to be successful. With this in mind, FinancialForce has built integrations into Jira to synchronize work delivery and time logs into the PSA project for project reporting and billing. Our Concur integrations allow users to combine and incorporate expenses for multiple projects and assignments into PSA. 

7. Allocations across multiple companies

Do you manage multiple companies or entities that transact with each other? FinancialForce automatically allocates expenses and revenue across multiple entities, increasing efficiency and accuracy by eliminating the need to manually enter these values. 

8. Next-generation Gantt 

Next Generation Gantt makes project management easier and more accessible. Enhancements include functionality to copy and paste tasks with enhanced filtering and custom field support, and the ability to assign multiple resources by hours or percent available. These new Gantt capabilities can also be leveraged in our PSA Communities application to provide customers and partners enhanced visibility into projects.

Check out this interactive ERP tour to see all the amazing things FinancialForce can do for your business.

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