Feeds

Coda wafts accounting software onto Salesforce.com's cloud

Putting bottom line online

  • alert
  • submit to reddit

Internet Security Threat Report 2014

Veteran accounting software outfit Coda has made a jump into the cloud by pooling its online offering with Salesforce.com.

The companies become joint owners of Financialforce.com. This will have headquarters in Silicon Valley and Yorkshire, and will encompass the existing Coda 2go operation, running on Salesforce.com's force.com platform.

Salesforce.com is being described as a "minority investor" in the new firm, with Coda parent Unit 4 Agresso holding a "controlling stake".

The FinancialForce product is being pitched as everything a bean counter could want, hitting all the magic words such as general ledger, user defined budgets and spreadsheet intergration, accounts payable and receivable and invoicing.

The platform will include "support for global accounting and reporting standards".

All the other benefits the firms are pitching - realtime updating, quick implementation, scalability, anywhere access and predictable fees - are exactly those that Salesforce has been pitching for its core CRM platform for years.

It will of course be integrated with Salesforce's own platform, suggesting that the sales and accounting functions of businesses who buy into both will be completely aware of what the others are doing. Which should make life a lot less fun for least one side of the business.

The key to its success seems in part how comfortable the beancounters will feel having their data sitting somewhere in the cloud instead of on premises.

At the same time, the prospect of paying a monthly fee of $125 a seat should appeal to accounting types who like predictable monthly outgoings. Alternatively, they're going to hate it for removing the need to calculate amortisation schedules, capex write-offs and the like - the sort of work you need accountants to do. ®

Internet Security Threat Report 2014

More from The Register

next story
WHY did Sunday Mirror stoop to slurping selfies for smut sting?
Tabloid splashes, MP resigns - but there's a BIG copyright issue here
Spies, avert eyes! Tim Berners-Lee demands a UK digital bill of rights
Lobbies tetchy MPs 'to end indiscriminate online surveillance'
How the FLAC do I tell MP3s from lossless audio?
Can you hear the difference? Can anyone?
Google hits back at 'Dear Rupert' over search dominance claims
Choc Factory sniffs: 'We're not pirate-lovers - also, you publish The Sun'
EU to accuse Ireland of giving Apple an overly peachy tax deal – report
Probe expected to say single-digit rate was unlawful
Inequality increasing? BOLLOCKS! You heard me: 'Screw the 1%'
There's morality and then there's economics ...
While you queued for an iPhone 6, Apple's Cook sold shares worth $35m
Right before the stock took a 3.8% dive amid bent and broken mobe drama
prev story

Whitepapers

A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.