FinancialForce.com Acquires the Business and Assets of Less Software - Seite 2

FinancialForce.com's SCM applications provide unmatched visibility to customer and trading partner supply chain activity and ensure that the margin sold is the margin seen in financial reports, which are always up to date and accurate. When combined with FinancialForce Billing, Accounting, Revenue Recognition and PSA applications, customer centric organizations are armed with all the information they need to serve customers including shipment status, contract changes, reverse logistics information, invoices, payments, professional service project status, discrete margin analysis and general business profitability. The application is ideal for companies with multi-element revenue models that might combine traditional product sales, professional services and recurring revenue line items on a single customer invoice, a growing trend in businesses today. Businesses such as value added technology resellers that sell hard goods, software subscriptions, maintenance services and professional service projects are perfect candidates for this type of functionality.

"I am extremely pleased to add Less Software's innovative SCM solutions to our back office repertoire," said Jeremy Roche, president and CEO at FinancialForce.com. "By being embedded in Salesforce CRM and taking a one platform approach to SCM, companies can achieve more collaborative relationships with customers, suppliers and partners. This is just the beginning in our quest to redefine the role of the back office."

"At Less Software, it has always been our top priority to simplify the supply chain so sales teams can engage more effectively with their customers. Our closed loop approach begins with CPQ applications and progresses through Order Fulfillment. It is now extended through the receivable process with FinancialForce.com's billing and accounting applications," said Mike Flanagan, co-founder and CEO at Less Software, and newly appointed SCM General Manager at FinancialForce.com. "By joining forces with FinancialForce.com, to couple SCM with PSA and other back-office applications, is truly the vision we have always held and we are thrilled to see this reality."

FinancialForce SCM, available today on the AppExchange, can be continued to use as a standalone solution or used with any other FinancialForce.com application. For more information, please go to: www.financialforce.com

About FinancialForce.com
FinancialForce.com is revolutionizing the back office. Built on the Salesforce Platform, our Accounting, Billing, HCM, PSA, Revenue Recognition and SCM apps eliminate barriers and inefficiencies between the front and back office to help companies grow the top and bottom line. Founded in 2009, FinancialForce.com is backed by two of the biggest and best players in the business, UNIT4 and salesforce.com.

To learn more please follow us on Twitter @FinancialForce, visit our Facebook page or visit http://www.financialforce.com.

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