FinancialForce.com, the cloud applications company, today announced that it has been selected as a finalist in the 2011 Red Herring Top 100 Global award, a prestigious recognition honoring the year’s most audacious and far reaching private technology companies and entrepreneurs from across the globe.
The Red Herring editorial team selected the companies demonstrating the most innovative technologies and business models originating from over 1000 companies from over 40 nations. These companies, representing past Red Herring Asia, Europe and North America awards, are judged on a range of qualitative and quantitative metrics, including but not limited to, technology innovation, financial performance, growth criterion, management's execution standards, potential globalization of the strategy and market share improvement.
“Technology companies are becoming the bright spot in the economic outlook based on their increasing role within macro-economic environments,” stated Alex Vieux, Chairman of Red Herring. “2011 has confirmed the sector's vibrant activity and its resilience to widespread economic problems. An unprecedented number of entrepreneurs are attempting to jump ahead of the competition and aspire to make a difference. Breakthroughs obsolete each other faster than ever before. FinancialForce.com has performed exceptionally in its field and strongly deserves to be singled out as one of the Red Herring Global Finalists. At this stage, we are left with the daunting task to select the best qualified companies for the 2011 Top 100 Global Award."
Created in 2009 with investments from Salesforce.com and UNIT4 Business Software, FinancialForce.com focuses entirely on building business applications on Force.com, the Cloud Computing platform from salesforce.com, including accounting and professional services automation (PSA). Developed natively on the platform, its applications use the data already in Salesforce, eliminating the need to maintain several different systems of record. For accountants, this results in a highly efficient, error-free and cost effective solution. By integrating a native PSA application with Salesforce CRM, professional services organizations benefit from much better visibility into their pipeline, resources utilization, active projects, customer billing and risks. FinancialForce.com also leverages Chatter, the social networking tool available on Force.com, enabling companies to initiate real-time collaboration around customer issues and align finance, sales and services teams in ways not previously possible.
This industry recognition comes on the back of some significant accolades for FinancialForce.com this year, notably being named in the Red Herring Top 100 North America; a THINKstrategies Best of SaaS Showplace (BoSS) Award; Best Cloud Offering in the EuroCloud Awards; and selected as finalists in the prestigious SIIA CODiE Awards.
FinancialForce.com is the cloud applications company. We focus 100% on building business applications for Force.com, the world’s leading cloud computing platform from salesforce.com. Our applications include Accounting, Billing, Professional Services Automation (PSA) and Services Resource Planning (SRP). We serve fast-growing organizations and dynamic enterprises, helping them to align Finance, Sales and Service in a way that enables profitable growth. We are backed by two of the biggest and best players in the business, UNIT4 and salesforce.com/.