FinancialForce.com, company which
builds business applications for salesforce.com, has announced that it has
acquired Less Software and vana workforce in two separate deals. Terms and conditions of both the deals are
yet not disclosed.
Financialforce.com was founded in
2009 with investment from UNIT4 and salesforce.com. It has been built on salesforce.com’s
technology platform force.com. Company is headquartered in San Francisco,
California and supplies accounting, billing, professional service automation
and service resource planning applications.
Major product Financialforce accounting is cloud financial management software
for salesforce.com. It is core to CRM
support of salesforce.com. Company’s
other product offerings are also cloud based.
Less software provides SaaS based
delivery model for supply chain management solutions. Acquisition of less software, gives
financialforce.com SCM capabilities. This
will include Configure-Price-Quote (CPQ), Order Fulfillment, Service Contracts,
Inventory Management, Supplier and Spend Management. All of these products will be bundled under a
suite named Financialforce SCM. This will
be in collaboration with existing suite of products of financialforce.com for
financial products.
This whole bundle will ensure
that trading partners’ supply chain activity is running flawlessly and all
margins and other financial activities can be shown in financial reports. The application is ideal for companies with
multi-element revenue models.
Financial force has
simultaneously announced the acquisition of vana workforce. Vana Workforce, founded in 2008, is a cloud HR
company providing human capital softwares and service solutions built for global
workforce. It is also built on same
platform, force.com. It provides one
complete comprehensive human capital management solution to global
organizations. Now Vana Workforce has to
be re-branded as FinancialForce Human Capital Management (HCM). Vana’s platform is easily extensible and
customizable.
Now customers using salesforce
CRM, can take advantage of cross-departmental analysis and analytics from
supply chain solutions to financial engagements to human resource planner. As per se, financialforce.com is
revolutionizing the back office.
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