Telegraph Media Group selects FinancialForce.com

FinancialForce.com, the new cloud accounting company formed with investment from Unit 4 Agresso and salesforce.com, has announced that Telegraph Media Group has selected its solutions for use in its media sales department. FinancialForce Accounting will automate the largely manual invoicing and accounting processes used in this busy department and will integrate with the Group’s existing salesforce.com CRM solution to give a single view of the Group’s advertising sales and subscription management data. In addition, FinancialForce Accounting will be producing invoices, creating all the accounting entries and automatically passing them into the Telegraph’s enterprise resource planning (ERP) solution Agresso Business World, which is also part of Unit 4 Agresso.

The selection of FinancialForce applications supports the Telegraph’s well documented strategy to move many of its business systems into the cloud via salesforce’s Force.com platform, while keeping its core Agresso solution on site.  An additional advantage of FinancialForce Accounting is that, for the first time, non-financial users of Agresso can access a 360 degree view of the financial data held against customer accounts in real time and in read only format.

Jeremy Roche, CEO for FinancialForce.com, said: “FinancialForce Accounting has been developed so it is easy and cost effective to implement and can help larger organizations like the Telegraph move elements of their accounting process into the cloud without the need to remove or replace their entire ERP solution. In signing this deal with Telegraph Media Group we have demonstrated something significant - that cloud and on-premises applications can coexist happily and deliver quantifiable benefits to organizations of all sizes. In this case FinancialForce.com is essentially acting as accounting middleware, providing a link between the cloud and on-premises applications selected by Telegraph Media Group.”

Paul Cheesbrough, CIO for Telegraph Media Group said: "The advertising sales process is an important part of our business and it’s key to ensure the accurate billing of adverts placed across all of the Group’s products and services. Salesforce.com is the core platform that underpins this process, and we selected FinancialForce.com to link our sales and financial process together.  We expect to gain significant process improvements from creating this linkage, and more importantly, we’re seeking to provide our clients with increased levels of service.  The fact that FinanicalForce.com natively works with both Salesforce.com and Agresso ERP was another major reason for the decision”.

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About FinancialForce.com – http://www.FinancialForce.com

FinancialForce.com aims to revolutionize the future of accounting by doing for finance what salesforce.com has done for CRM. It delivers unique cloud accounting applications that give accountants and CFOs online, real-time financial information, always in balance and always up to date. This gives them a better understanding of their business, with the confidence of reliable figures, from secure systems, looked after for them by the world's most trusted enterprise cloud computing platform.

FinancialForce.com is backed by Unit 4 Agresso (parent company of accounting software specialist CODA) and salesforce.com. It combines CODA’s 30 years of designing and building financial applications, with the salesforce.com platform’s decade of dependability, availability and security.

The result is a range of revolutionary cloud computing applications, including FinancialForce Accounting – a full Software as a Service (SaaS) accounting application, delivered on a subscription basis; the first international SaaS accounting system developed on salesforce.com's cloud computing platform, Force.com.

ABOUT UNIT4
 
UNIT4 is a global business software and services company aimed at helping dynamic organizations to embrace change simply, quickly and cost effectively in a market sector it calls 'Businesses Living IN Change' (BLINC)™. The Group incorporates a number of the world’s leading change embracing software brands including Agresso Business World and CODA financial management software.
 
For mid-sized services intensive organizations, UNIT4 markets the Agresso Business World ERP suite that is widely acknowledged as the business software solution that delivers the lowest Total Cost of Change. This is achieved thanks to its VITA™ architecture which allows for ongoing, post-implementation changes without the typical external IT costs and services that cost firms huge sums of money each year.
 
CODA Financials is our award-winning suite of best-of-class financial management software designed to integrate with your industry- and company-specific applications. CODA’s LINK™ architecture sets it apart from ordinary accounting systems by providing a financial information backbone for companies with fast-changing and mixed application environments. It is a global accounting solution for mid-to large sized organizations, offering a "no compromise" approach to financial modeling, process control and application choice.

UNIT4 is a top six mid-market ERP software player globally and the 2nd largest European ERP supplier. With offices in 13 European countries, as well 6 countries across North America, Asia Pacific and Africa and sales activities in several other countries, a revenue of €379.4 million was realized in 2009. UNIT4 is headquartered in Sliedrecht, the Netherlands. The company has 3,456 employees (31 December 2009).
 
For more information, please visit: www.unit4.com, or call:
Emma Hoyle
Group PR Manager
UNIT4
+44 1423 537 977
emma.hoyle@unit4.com