F

FinancialForce

Cloud-based ERP and PSA on Salesforce

Overview

What FinancialForce does: it provides cloud-based ERP and PSA software built natively on the Salesforce platform, serving tech and IT services firms from small businesses to large enterprises to streamline operations and improve service delivery. How its product works: it unifies finance, sales, and services in a single Salesforce-native system, enabling end-to-end project delivery, budgeting, billing, and resource management with a focus on customer profitability and service quality. How it differs from competitors: it is the only modern ERP and PSA solution that is native to Salesforce, offering seamless integration for Salesforce users and a tightly aligned customer-centric experience supported by a Salesforce ecosystem of partners. What its goal is: to help customers run operations more efficiently, deliver projects on time and within budget, and deepen customer relationships through better financial and service insights.

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About FinancialForce

Simplify's Rating
Why FinancialForce is rated
C
Rated C on Competitive Edge
Rated B on Growth Potential
Rated D+ on Differentiation

Industries

ConsultingEnterprise Software

Company Size

51-200

Company Stage

Late Stage VC

Total Funding

$193.9M

Headquarters

San Francisco, CA

Founded

2009

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Simplify's take

What believers are saying

  • Summer '25 released Staffing Agent and Customer Success Agent for early adopters.
  • Winter 2025 added smart rescheduling, skill insights, and real-time reporting across PS and CS clouds.
  • Certinia's 2025 Global Service Dynamics report with Salesforce strengthens thought leadership and pipeline generation.

What critics are saying

  • Salesforce can absorb Certinia's PSA and finance workflows, commoditizing its core product by 2027.
  • Private-equity ownership since December 19, 2024 raises pressure for cuts, pricing changes, and churn.
  • Microsoft, Oracle, and ServiceNow target the same services stack; losing Salesforce support kills Certinia.

What makes FinancialForce unique

  • Salesforce-native architecture still separates Certinia from standalone ERP vendors in 2026.
  • Agentforce Partner Network membership on October 31, 2026 deepens Salesforce distribution and co-innovation.
  • PwC, Thunder, and Salesforce partnerships create a services ecosystem competitors struggle to replicate.

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Funding

Total Funding

$193.9M

Above

Industry Average

Funded Over

5 Rounds

Late VC funding comparison data is currently unavailable. We're working to provide this information soon!
Late VC Funding Comparison Coming Soon

Growth & Insights and Company News

6 month growth

0%

1 year growth

0%

2 year growth

0%
PharmiWeb
Nov 9th, 2023
Blackrock Capital Investment Corporation Reports Financial Results For The Quarter Ended September 30, 2023, Declares Quarterly Cash Dividend Of $0.10 Per Share

GAAP Net Investment Income (“NII”) was $9.5 million, or $0.13 per share, in the third quarter, a 7% increase from the second quarter, and a 24% year-over-year increase from the third quarter of 2022. Third quarter NII provided dividend coverage of 131% on a GAAP basis, an increase from prior quarter dividend coverage of 123% and up from 105% coverage in the third quarter of 2022.Net Asset Value (“NAV”) increased to $317.6 million as of September 30, 2023, up 1% from $314.0 million as of June 30, 2023, driven by $2.3 million of NII in excess of the declared dividend and $1.3 million of net realized and unrealized gains on the portfolio during the quarter. NAV per share increased to $4.38 per share from $4.33 per share as of June 30, 2023.Gross deployments during the third quarter totaled $40.3 million, substantially all of which were in first lien loans. The weighted average yield on gross deployments during the quarter was 13.4%, up from 12.1% in the prior quarter. Gross repayments during the quarter were $43.6 million. The Company held 120 total portfolio companies at quarter-end.The Company’s weighted-average portfolio yield as of September 30, 2023 was 12.8% based on total portfolio fair value, consistent with the second quarter.Net leverage was 0.84x as of September 30, 2023, down slightly from 0.86x as of June 30, 2023, driven by net repayments of our credit facility during the quarter

Business Wire
Jul 27th, 2023
Haveli Investments Acquires Certinia

Haveli Investments, L.P. (“Haveli” or “Haveli Investments”), a technology-focused private equity firm, today announced that it has entered into a defi

Business Wire
Apr 19th, 2023
FinancialForce Earns Exemplary Vendor Position in Ventana Research 2023 Subscription Management Value Index | Business Wire

FinancialForce has been named a Value Index Leader in the categories of Adaptability (#3), Usability (#3), and TCO/ROI (#1) in comparison to a list of 21 other vendors.

Enterprise Times
Dec 19th, 2022
PSA PPM and Work Management news from the week beginning 12th December 2022 -

FinancialForce unveiled its winter 23 release for its Business as a Service platform.

The Joplin Globe
Apr 13th, 2022
FinancialForce launched Spring 2022 Release on Apr 13th 22'.

FinancialForce, the leading provider of customer-centric business applications across finance, services, and customer success teams, today announced general availability of its Spring 2022 Release.

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