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FinancialForce Sees Boom Year for Financial Management with Focus on Innovation and GrowthSAN FRANCISCO, April 25, 2017 (GLOBE NEWSWIRE) -- FinancialForce today announces a record year for its Financial Management suite of applications and expects the portfolio to continue to thrive as continuous innovation helps businesses transform and customers succeed in a constantly-changing economy. FinancialForce Financial Management has been recognized industry-wide, beyond its competitors, for this in the past year with four awards:
Notable customer wins in the past year range from small to enterprise size across a variety of industry sectors including, but not limited to hi-tech/technology/SaaS, non-profit, public sector, medical technology/healthcare technology and engineering. Customers range in size from 50 employees (fast-growing businesses that want to do it right the first time) to more than 3,000 employees. Key examples include:
FinancialForce Financial Management saw a 40%+ uplift in revenue year-on-year, with 80% of its customers using GL and more than three products in the Financial Management portfolio as applications continue to help business transformation. “We’re proud to see all of our focus and investment in the financial set of our applications pay great dividends,” says Raphael Bres, General Manager Financial Management appliations at FinancialForce. “We will continue the momentum we have created and work in partnership with customers to ensure we deliver exactly what they need to drive their success - which will always be the ultimate measure of our own success. This is reflected in our partner-led approach and continuous feedback loops with our customer base. We’re excited to approach the one thousand Financial Management customer mark.” There have been several impacting factors for the upswing in performance. The economic model shift to a service-led economy Forthcoming changes in revenue reporting standards Modern finance function Product innovation and customer-led approach Gartner, Inc. predicted last year that more than $1 trillion in IT spending will be directly or indirectly affected by the shift to cloud during the next five years. Gartner said this will make cloud computing one of the most disruptive forces of IT spending since the early days of the digital age. FinancialForce is set to continue to take advantage of this shift as it focuses on providing the best applications and customer service to help companies thrive. About FinancialForce Media Contact: Sandra Lo (US) FinancialForce 415.796.8414 [email protected] OR Julie Walsh (UK) FinancialForce +44 (0)7580 313 951 [email protected] |