FinancialForce.com Warns Businesses to Beware of FrankenCloud

Kelvion New Plate Heat Exchanger

FinancialForce.com, a cloud ERP provider on the Salesforce1 Platform, has announced a new education initiative designed to raise awareness on the drawbacks of building a business using a patchwork collection of disparate cloud applications and technologies, otherwise known as a FrankenCloud.

The company created the “Beware of the FrankenCloud” initiative to expose legacy vendors who have bought their way into the cloud by acquiring cloud companies with existing subscription revenues, and to challenge cloud ERP providers who tout expanded portfolios from acquisitions that are cobbled together in an attempt to connect different architectures, user interfaces, reporting tools and development environments.

salesforce-wave“When companies use disconnected databases with different user interfaces, security models and reporting tools, not only do they end up spending more time and money synchronizing data and figuring out how people and processes traverse across applications, but they end up missing out on key growth opportunities because of the effort required to keep the lumbering FrankenCloud alive,” said Jeremy Roche, CEO of FinancialForce.com. “We want to put our stake in the ground and make sure that companies are aware of this problem before it deeply affects their financials and productivity. The benefits of investing in a one-platform solution far outweigh the empty promises of a FrankenCloud and it’s time to shed light on this industry-wide problem to help organizations avoid the exact same business challenges that transpired in the on-premise era.”

Single User Interface

FinancialForce ERP, built on the Salesforce1 Platform, provides users with a single database, sign-on and user interface, enabling a single, consistent view of its customers across CRM and ERP.

“As our company grew, we started to use a patchwork of various systems to do our accounting, invoicing and financial reporting,” said David Hannaford, CFO at Milrose Consultants. “Those disjointed systems became problematic. Because our invoices and proposals were generated from different systems, they did not match, which was very confusing to our clients and delayed collections. We needed to unify all of our critical business apps on one platform – integration wasn’t sufficient, we needed one source of data for the life of a project from proposal to invoice to financial reporting.”

“Now, our proposals are being generated through Salesforce and match exactly our invoicing through FinancialForce,” added Hannaford. “We have a clear history to show the clients, so they fully understand, not only that single invoice, but the history of all invoices and payments through the duration of the project.”