Debuted at Dreamforce 2017, the product is combined with Salesforce CPQ to help companies address the new reporting standards. User companies can centralize revenue streams in a single location, automate calculations and reduce period-end close. "We are continuing to work closely with Salesforce to not only deliver a comprehensive financial management offering, but to also ensure our solution remains responsive to emerging business models and centered around the customer," Raphael Bres, VP of product management for Financial Management at FinancialForce, said in a prepared statement. The company says the capability is designed to comply with new ASC 606 and IFRS 15 standards.
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FFORCE ADDS REV REC ABILITY Featured
FinancialForce has introduced what it says is "the industry's first complete ASC 606 solution for revenue models". The capability is being provided through the Financial Management Application.
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