The acquisitions will bring FinancialForce.com one step closer to realizing its vision of uniting the front and back offices of an organization.
Vana, which will be re-branded FinancialForce HCM, provides HRMS, talent management, and recruitment capabilities. Since Vana’s application is built on the Salesforce platform, it can be instantly integrated with FinancialForce Accounting and FinancialForce Professional Services Automation.
Customers using Salesforce CRM, FinancialForce HCM, FinancialForce Accounting, and FinancialForce PSA will also have a number of services available to them, including cross-departmental reporting, analytics, workflow, and collaborative capabilities.
FinancialForce HCM will be able to serve the needs of small and mid-sized businesses as well as those of larger enterprises. Together, the products will provide front-to-back visibility across organizations and cloud solutions that will encourage social collaboration.
“With the acquisition of Vana Workforce and the launch of FinancialForce HCM, we are once again demonstrating that the time to remove barriers between departments is now,” said Jeremy Roche, president and CEO, FinancialForce.com, in a statement. “Providing front to back office visibility has always been our priority because it allows our customers to make smarter and more cohesive business decisions. Now, we are able to extend that promise further with HCM to help companies manage their most important asset – human talent.”
The company’s acquisition of Less Software, including its Supply Chain Management (SCM) solutions, will help FinancialForce break down barriers that prevent companies from building closer relationships with their customers and vendors.
Among the capabilities that Less Software brings to FinancialForce are Configure-Price-Quote, order fulfillment, service contracts, inventory management, and supplier and spend management, all of which will be re-branded as FinancialForce SCM.
When combined with FinancialForce Billing, Accounting, Revenue Recognition and PSA applications, FinancialForce SCM will provide clients with all the tools they need to deliver a complete customer experience, including shipment status, contract changes, invoices, payments, and discrete margin analysis.
“Customers want all of these products put together in the cloud,” said David Vanheukelom, co-founder and former CEO, Vana, and current GM, HCM, FinancialForce. “It’s an entire suite of products on one complete platform. Customers now only have to go to one place to get all of these services.”
FinancialForce HCM and FinancialForce SCM are currently available on Salesforce’s AppExchange.
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