FinancialForce.com Acquires the Business and Assets of Less Software

SAN FRANCISCO, CA--(Marketwired - Nov 18, 2013) - FinancialForce.com, the company revolutionizing back office applications, announced today that it has acquired the business and assets of Less Software including the firm's Supply Chain Management (SCM) solutions. The cloud application suite allows companies to acquire, manage and sell inventory efficiently by automating the logistics and order fulfillment process. This acquisition represents a significant step in FinancialForce.com's vision to build a borderless back office by eliminating barriers inside and outside an organization, including those that prevent companies from forming closer relationships with their customers and suppliers. The company also announced today that it has acquired Vana Workforce, a global human capital software provider and maker of a leading HR application on the Salesforce Platform.

The acquisition of Less Software's business and assets adds comprehensive SCM capabilities to FinancialForce.com's back office solutions including Configure-Price-Quote (CPQ), Order Fulfillment, Service Contracts, Inventory Management, Supplier and Spend Management. The suite of SCM products will be rebranded as FinancialForce SCM.

The SCM suite is a set of native Force.com packages that were architected to work with FinancialForce Accounting, Billing and Professional Services Automation (PSA) from the outset. Companies already using FinancialForce solutions enjoy a single line of sight across their organization, from supply chain to finance, and hyper efficient order to cash and procure to pay processes.

Less Software currently serves midmarket and enterprise customers including companies employing a two tier ERP strategy that require more nimble solutions for their growing or recently acquired subsidiaries. Unlike multi-cloud application alternatives, FinancialForce SCM is a native application on the Salesforce Platform providing users with a consistent experience across the enterprise including: single sign-on, a single reporting database, the same workflow, dashboarding and reporting tools, mobile device support and integration with Salesforce Chatter, the #1 enterprise social network.