FinancialForce

FinancialForce

Cloud-based ERP and PSA solutions provider

About

FinancialForce provides cloud-based Enterprise Resource Planning (ERP) and Professional Services Automation (PSA) solutions, primarily targeting the technology and professional services sectors. Their products work by leveraging the Salesforce platform to integrate various business functions such as finance, sales, and services, allowing clients to manage their operations more efficiently. This integration helps ensure that projects are delivered on time and within budget while enhancing the customer experience by providing insights into customer profitability and service improvement. FinancialForce stands out from competitors as the only modern ERP and PSA solution that is native to the Salesforce platform, offering a seamless experience for users familiar with Salesforce. The company's goal is to ensure customer success through proactive support and a strong partner ecosystem, helping clients maximize the value of their investment.

Company Stage

Late Stage VC

Employees

51-200

Industries

Consulting, Enterprise Software

Total Funding

$188.7M

Headquarters

San Francisco, California

Founded

2009


Simplify Jobs

Simplify's Take

What believers are saying

  • Growing demand for cloud-based ERP solutions boosts FinancialForce's market potential.
  • Rising interest in PSA tools aligns with FinancialForce's offerings.
  • Customer-centric business models are increasingly important, benefiting FinancialForce's strategy.

What critics are saying

  • Increased competition from cost-effective ERP solutions like Odoo and Zoho.
  • Potential integration challenges with frequent Salesforce updates.
  • Economic uncertainty may lead to IT budget cuts among FinancialForce's SME clients.

What makes FinancialForce unique

  • FinancialForce is the only ERP and PSA solution native to Salesforce.
  • The company offers a customer-centric approach, enhancing customer experience and profitability.
  • FinancialForce provides a unified solution integrating finance, sales, and services on one platform.

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Growth & Insights
Headcount

6 month growth

-17%

1 year growth

-17%

2 year growth

-55%

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