FinancialForce, the leading provider of customer-centric business applications across finance, services, and customer success teams, today announced the release of FinancialForce Planning, an all-on-one platform financial planning & analysis solution that empowers teams to run a digital business and become valuable partners to the entire organization. Combined with a unified, 360-degree view of customers, the new solution delivers enterprise-wide agility and collaboration needed for planning, forecasting, and reporting that accelerates decision-making and company growth.
“FinancialForce Planning is changing how enterprises address the most complex planning and forecasting challenges,” said Dan Brown, Chief Product & Strategy Officer at FinancialForce. “With core financials and analytics on one seamless platform, organizations have a single source of truth that helps them to speed up planning cycles and deliver more accurate forecasting.”
“Businesses that can make more informed decisions faster will be the ones that win,” said R “Ray” Wang, Principal Analyst & Founder, Constellation Research, Inc. “FP&A leaders seek solutions that will help decentralize the planning and forecasting process and promote greater collaboration across the enterprise so businesses can focus on actionable insights that accelerate growth.”
The new FinancialForce solution addresses some of the biggest pain points FP&A teams have today, including error-prone data collection processes, an overreliance on spreadsheets to manage planning and forecasting, and the inability to provide strategic recommendations due to incomplete insights.
With FinancialForce Planning, businesses can speed their planning cycles with customer information, core financials, and analytics all-on-one secure platform, with no integration requirements. With a single source of truth, companies save countless hours they would have otherwise spent manually collecting, preparing, and correcting data from across the organization, smash departmental silos, drive cross business collaboration and spend more time analyzing data to provide forward-looking recommendations that accelerate growth.
Ultimately, this gives businesses the insights they need to not only understand historic performance, but also see what is likely to happen in the future. Important decisions can be made quickly, assumptions can be adjusted on the fly, and corporate strategy can be more realistically tied to financial modeling and planning.
Other key benefits of FinancialForce Planning include:
· Greater control of the planning process: Whether it’s top down or bottom up, business teams can create effective plans without version control issues. They can also recommend different budget options to management with greater confidence.
· Better planning and better outcomes: Teams can quickly build multiple what-if scenarios using calculation rules and automation. They can also define different dimensions so they can dig into the details that matter most and make better business decisions, faster.
· Deeper enterprise-wide collaboration: Forecasts, plans and budgets can be created, shared, and updated across the enterprise, keeping everyone on the same page as to the state of the business.
· A single, connected platform: Teams can deliver accurate plans with core financials and analytics all on a single platform, thereby speeding up planning cycles with a single source of truth.
