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 integrate various business functions such as finance, sales, and services through the Salesforce platform, allowing clients to manage operations more efficiently and enhance project delivery. FinancialForce's ERP system focuses on customer-centric features, helping businesses identify profitable customers and improve service. The company operates on a subscription-based model, offering ongoing software access and professional training services. Unlike competitors, FinancialForce is unique in being the only modern ERP and PSA solution native to Salesforce, ensuring a seamless experience for users familiar with the platform. The company's goal is to ensure customer success by providing proactive support and fostering a strong partner ecosystem.

Company Stage

Late Stage VC

Employees

51-200

Industries

Consulting, Enterprise Software

Total Funding

$188.7M

Headquarters

San Francisco, California

Founded

2009


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Simplify's Take

What believers are saying

  • Increased demand for cloud-based ERP solutions boosts FinancialForce's market potential.
  • Growing interest in PSA tools aligns with FinancialForce's offerings.
  • Rising importance of customer-centric models supports FinancialForce's business approach.

What critics are saying

  • Increased competition from Workday and NetSuite in the ERP market.
  • Certinia's acquisition by Haveli Investments may impact FinancialForce's market position.
  • Rapid AI advancements could outpace FinancialForce's current capabilities.

What makes FinancialForce unique

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

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Growth & Insights
Headcount

6 month growth

-4%

1 year growth

-4%

2 year growth

0%

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