Dreamforce 09: Positive Outlook at The FinancialForce.com Panel
Salesfore.com announced its collaboration with Unit 4 Agresso—FinancialForce.com—not too long ago, and at this week’s Dreamforce there was a panel to discuss the SaaS product. There has been talk for a while now that back-office applications are only crippling themselves by not moving into the cloud space (ERP vendors, especially, are receiving heat for balking at the idea of SaaS solutions), and FinancialForce.com has the potential to nudge accounting into the future.
Built on Salesforce’s Force.com platform, FinancialForce.com puts accounting data in the cloud, and panel members spoke to their happiness with the product. Included below is a video filmed by Dennis Howlett, in which Quattro Innovation’s Director of Operations, David Tan, explains why FinancialForce has been a good fit. Howlett also notes that these companies perhaps cannot fully attest to SaaS accounting because they haven’t had a full year with the product. Fair enough.
Many handling back offices are wary of putting certain data in the cloud, and this fear has left companies like SAP, Oracle, Sage, and others at the forefront of the financial software market. But the cloud more users flocking to the cloud, security concerns are decreasing, and a surge in SaaS accounting is a very real possibility. And it is all the more possible with newer companies demanding faster implementation times—one of the things Tan details at length in the video.
The reign of on-premise accounting software isn’t at its end, but FinancialForce.com, and the other similar platforms that will undoubtedly arise, will lead to its decline.
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