Feeds

Coda wafts accounting software onto Salesforce.com's cloud

Putting bottom line online

  • alert
  • submit to reddit

The next step in data security

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. ®

Security and trust: The backbone of doing business over the internet

More from The Register

next story
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
Apple CEO Tim Cook: TV is TERRIBLE and stuck in the 1970s
The iKing thinks telly is far too fiddly and ugly – basically, iTunes
Israeli spies rebel over mass-snooping on innocent Palestinians
'Disciplinary treatment will be sharp and clear' vow spy-chiefs
Huawei ditches new Windows Phone mobe plans, blames poor sales
Giganto mobe firm slams door shut on Microsoft. OH DEAR
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Found inside ISIS terror chap's laptop: CELINE DION tunes
REPORT: Stash of terrorist material found in Syria Dell box
OECD lashes out at tax avoiding globocorps' location-flipping antics
You hear that, Amazon, Google, Microsoft et al?
Show us your Five-Eyes SECRETS says Privacy International
Refusal to disclose GCHQ canteen menus and prices triggers Euro Human Rights Court action
prev story

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.
Security and trust: The backbone of doing business over the internet
Explores the current state of website security and the contributions Symantec is making to help organizations protect critical data and build trust with customers.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.