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PRESS RELEASE
April 4, 2011 | |
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For Immediate Release
Contact:
Jeffrey M. Kaplan
Managing Director
781-431-2690 | | |
FinancialForce.com Wins THINKstrategies' Best of SaaS Showplace (BoSS) Award
SaaS Applications Streamline Business Processes to Bring Together Finance, Sales and Service on a Single Platform |
Wellesley, Mass. - April 4, 2011 - THINKstrategies, Inc., the leading strategic consulting company focused on the business implications of the on-demand services market, announced today that FinancialForce.com has been named the latest winner of the Best of SaaS Showplace (BoSS) Awards program, which is aimed at promoting the measurable business benefits being delivered by today's Software-as-a-Service (SaaS) solutions.
The BoSS Awards is an ongoing program of THINKstrategies' new Cloud Computing Showplace which recognizes SaaS companies that are producing tangible business benefits for specific user organizations. These benefits can include increased sales, lower costs, higher customer satisfaction, faster operations and greater profitability.
FinancialForce.com focuses entirely on building business applications on Force.com, the Cloud Computing platform from salesforce.com, including accounting, billing, professional services automation (PSA) and services resource planning (SRP). Its applications help fast-growing organizations and dynamic enterprises align Finance, Sales and Service in a way that enables profitable growth. The company is a joint venture of UNIT4 and salesforce.com.
The following are examples of the measurable business benefits which can be gained from FinancialForce.com's SaaS solutions:
- "We used to spend around 45 minutes just producing an invoice and now it takes seconds.We have also accomplished our goal of eliminating duplication of data as much as possible and feel we are massively more efficient as a result," according to Lucy Mills, Business Excellence Manager, Nimbus Partners a San Francisco-based consulting firm.
- "With FinancialForce Accounting, we went from rudimentary accounting to a formal cloud accounting system without missing a beat. Issuing invoices used to take us about three weeks, but now we can do the entire month in just over a day. We've grown 125% but only had to add 20% more staff because we are so efficient. The move to cloud accounting has transformed the business," said Sallie Kennedy, CFO, The Compliance Team, Inc.
- "As a SaaS company, we usually receive customer contracts at the start of the year. Rather than accounting for revenue over 12 months, we are required to account monthly. Something we were doing manually before implementing FinancialForce Accounting. Our accounting team have saved at least 20% of the time that was spent posting invoices manually. Preparation of the monthly management accounts takes only one day now instead of two," said Gary White, CEO, White Springs, Inc.
It is for these reasons that FinancialForce.com has been named a Best of SaaS Showplace Award winner. A summary of the company's winning BoSS Award submission can be found at http://www.cloudshowplace.com/awardSummary.php?key=2154.
"We are very pleased to receive this industry recognition from THINKstrategies' SaaS Showplace," said Jeremy Roche, President and CEO, FinancialForce.com. "We are helping our customers bridge the gap between Sales, Finance and Service for the first time. By embedding our modern accounting application into Salesforce CRM on the same cloud platform, finance and sales can work side by side to invoice more efficiently and accurately, collect cash more quickly, and ultimately improve customer service. These are just some of the tangible benefits of cloud computing our customers are citing."
"Organizations of all sizes across nearly every industry are recognizing the benefits of adopting Cloud-based, SaaS solutions to help them run their business operations better," stated Jeffrey M. Kaplan, the founder of the SaaS Showplace which now a part of the new Cloud Computing Showplace and Managing Director of THINKstrategies, the strategic consulting firm which conceived and administers the Showplace. "FinancialForce.com's SaaS-based applications enable organizations to more effectively manage their operations at a lower cost so they can achieve their corporate objectives."
For more information about the rules for applying for a BoSS Award or to find a list of previous winners of the BoSS Awards, go to http://www.cloudshowplace.com/awardprograms/boss.html.
Based on the success of the BoSS Awards program which focuses on SaaS solutions, THINKstrategies has launched the Cloud Computing Business Value (CCBV) Awards program to recognize companies which are delivering Infrastructure-as-a-Service (IaaS) and Platform-as-a-Service (PaaS) solutions producing measurable business benefits for their customers. For more information regarding the CCBV Awards, see http://www.cloudshowplace.com/awardprograms/ccbv.php.
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About the SaaS and Cloud Computing Showplace
The Software-as-a-Service (SaaS) Showplace is a part of the newly expanded Cloud Computing Showplace, the largest, vendor-independent, online directory and best practice resource center of SaaS, Platform-as-a-Service (PaaS) and Infrastructure-as-a-Service (IaaS) solutions and Managed Services, founded and administered by THINKstrategies.
This original Showplace was established in 2006 to provide the following benefits,
- Give enterprise decision-makers a quick directory of the leading SaaS providers and a convenient source of valuable insight regarding SaaS trends.
- Give SaaS providers a targeted tool to increase their visibility among enterprise decision-makers, and gain access to key enabling technology suppliers.
- Give enabling technology suppliers a specialized platform to increase industry awareness regarding their SaaS solutions.
For more information, go to www.cloudshowplace.com.
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About THINKstrategies, Inc.
THINKstrategies, Inc. is the only strategic consulting services company focused entirely on helping its clients capitalize on the unprecedented business opportunities created by the technology industry shift from a product-centric to a services-driven orientation and an 'on-demand' delivery model.
THINKstrategies' mission is to help our clients re-THINK their corporate strategies, and refocus their limited resources to achieve their business objectives. THINKstrategies helps enterprise decision-makers with their sourcing strategies, IT solutions providers with their marketing strategies, and VCs with their investment strategies.
For more information regarding THINKstrategies' unique consulting services, visit www.thinkstrategies.com, or contact us at info@thinkstrategies.com. | |
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