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FFORCE ROLLS OUT FALL RELEASE Featured

FinancialForce has introduced its Fall 2021 Release. The wide-ranging update comes as the software company is changing its whole release pattern from two major and two minors ones a year to four major releases annually.

“We have been wanting a faster cadence for a while,” chief product and strategy officer Dan Brown said during this month's introduction.There is a new investment in financial planning analytics with FinancialForce Planning being released at the end of the calendar year.The company continues investing in the Salesforce Lightning Experience for all its products. It said those updates “include improved efficiency and accuracy across transactions and bank reconciliations, automatic write-offs, services billing, as well as put away and shipping queues.” FinancialForce said the release “provides an optimized design across all workspaces to increase efficiencies with collapsible left and right regions and a new Percentage KPI card that highlights performance.” There also new capabilities for the Professional Services Cloud, including Advanced Resource Management. The Fall Release supports multi-company journals and advance consolidations across entities, reducing manual efforts, and minimizing errors. In addition, there are automatic write-offs based on threshold rules for companies and currencies. There are expanded localizations with Germany, Norway, Sweden and Belgium coming online as well as additional withholding tax support. Inventory Sales Orders has been added to Customer Engagement. The third version of the Financial Report Builder has out of the box financial statement for the French and Spanish markets.

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