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Friday, May 7, 2010

CRM Cloud Computing Provider to Offer Online Banking

FinancialForce.com, a major player in online cloud accounting solutions built natively on the Force.com platform from CRM cloud computing provider Salesforce.com, has extended its functionality by adding electronic processing of bank payments to its online accounting offering.

Officials with FinancialForce.com said that the customers will benefit from a fully automated, on-demand end-to-end payment system.

Company officials said that through integrations, initially with SunGard in the US, which supports check processing and banking system integration, and Albany Software in the United Kingdom, a company developing electronic payment software for Bacs payments, FinancialForce Accounting users will have one integrated system for managing customer accounts and making and receiving payments.

“These integrations are designed to make life even easier for our users and are part of a strategy that will see us extending the payment options available to our customers,” said Jeremy Roche, president and CEO, FinancialForce.com, in a statement.

Roche said that the company is delivering a full, on-demand, end-to-end solution all the way to the bank to try to take this headache away from the customers.

“Through a fully integrated system like this, our customers can manage payments in a secure service environment without any risk. It also means that they can encourage their customers to pay invoices quicker so they will have better cash flow and budget control,” he said.

Company officials pointed out that FinancialForce.com has also added PayPal integration to its offering for users that choose to email invoices to customers, providing the option to pay an invoice online immediately and securely via PayPal.

Back in March FinancialForce.com had launched QuickStart, a wizard-driven application that helps organizations set up their accounts online quickly and easily.

QuickStart is designed to help small and medium size organizations with limited in-house accounting resources or standard accounting requirements to set up their chart of accounts, the vital coded listing of all the accounts used by an organization. It also benefits larger organizations that want to take an industry ‘best practice’ approach to accounting.


Source: TMCnet.com

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