PRZOOM - /newswire/ -
San Francisco, CA, United States, 2014/04/25 - Matrix highlights FinancialForce ERP’s strong performance on usability and functionality; applauds single database, development platform, common reporting and collaboration tools.
FinancialForce.com, a leading cloud ERP provider on the Salesforce1 Platform, announced today that the company has been placed in the "Leader" quadrant in the recently-released first half 2014 ERP Value Matrix from Nucleus Research. The Value Matrix is based on functionality and usability, the two core measures that Nucleus has found indicate an application’s ability to deliver initial ROI and, ultimately, maximum value over time.
“A combination of organic growth and acquisitions over the past six months has given FinancialForce ERP momentum. FinancialForce.com premieres on the Nucleus Research ERP Value Matrix in the Leaders' quadrant based on strong usability and solid functionality to deliver value to its customers," said Rebecca Wettemann, vice president of research at Nucleus Research.
In the analysis of FinancialForce ERP Nucleus stated: “Nucleus found its use of a single database, development platform, and common collaboration and reporting capabilities drove additional benefits including improved collaboration and productivity; reduced development, integration, and support costs; and greater visibility for better decision making.”
Built on the Salesforce1 Platform, FinancialForce ERP is a unified family of cloud solutions that power a customer-centric organization’s back office needs. FinancialForce ERP connects customers, employees, partners and products into a single system, providing everyone with a consistent view of the entire customer journey.
Customers using Salesforce CRM and FinancialForce ERP are able to take advantage of cross-departmental reporting, analytics, workflow and collaborative capabilities including Salesforce1 Chatter. Unlike legacy ERP systems, FinancialForce ERP is built to adeptly change, upgrade and configure according to businesses’ evolving needs.
“FinancialForce.com has taken a customer-centric and social approach to ERP which is in lock step with most companies’ business strategies,” said Jeremy Roche, President and CEO, FinancialForce.com. “Recognition from leading analyst firms, such as Nucleus Research, proves our approach is rock solid and we’re primed to help transform the ERP market.”
This news comes a day after FinancialForce.com revealed that funds managed by Advent International, one of the largest and most experienced global investment groups dedicated solely to private equity, have committed an additional $50 million for the growth of FinancialForce.com as part of a broader investment in FinancialForce.com’s majority investor, UNIT4.
About the Nucleus Research Value Matrix
There is nothing ‘magic’ about the Nucleus Research Value Matrix, which categorizes vendors according to usability and functionality. This determines which solutions provide the most value to organizations, helping with technology and business decisions. Nucleus issues the Value Matrix twice a year. For more information, go to Nucleus Research.
FinancialForce.com delivers ERP at Customer Speed™. Built on the Salesforce1 Platform, FinancialForce ERP equips customer-centric businesses with a unified cloud platform and all the applications necessary to grow both the top and bottom line. Our Financial Management, Human Capital Management (HCM), Professional Services Automation (PSA), and Supply Chain Management (SCM) apps allow businesses to increase the speed in which they operate and be more responsive along every touch point of a customer’s journey. Founded in 2009 and headquartered in San Francisco, FinancialForce.com is backed by UNIT4 and salesforce.com.
Salesforce, Salesforce1 and others are among the trademarks of salesforce.com.