FinancialForce.com has another major win with the announcement that media biggies dmg media – they’re even bigger than CCi ;-) - has selected FinancialForce Accounts Receivable to replace its existing accounting software system, to consolidate functionality and streamline their order-to-cash process.
dmg media, home to the Daily Mail, MailOnline, The Mail on Sunday, Metro and Wowcher, has chosen to switch its accounts to FinancialForce Accounts Receivable, a UK opportunity-to-cash SaaS application that runs on top of Salesforce App Cloud used by the group.
The switch will enable dmg media to create invoices from Salesforce opportunities in a single-click, set credit terms both globally and by customer account and automatically calculate due dates and settlement discounts. With Accounts Receivable invoices are created immediately in Salesforce and posted in real-time to the Accounts Receivable system where users have complete visibility to their customer’s credit standing alongside sales and service activity in a single location. It will also help the group to automatically calculate payments to invoices based on document references and amounts and to see a 360-degree view of customer’s orders, invoices, payments, deliveries, opportunities and cases in a single location.
James Welsh, Group Finance and Operations Director, dmg media said: “We are increasingly using Salesforce App Cloud as the standard tool across our business functions, and we have selected FinancialForce as an accounting solution on the platform. This allows us to bring our systems into one place without reworking our financial processes.”