DEV Community: AblyPro

What is FinancialForce Services CPQ? Everything You Need To Know!

AblyPro — Mon, 21 Feb 2022 11:49:02 +0000

On October 14, 2021, FinancialForce released its brand new estimation tool called Services CPQ solution. What does it do? In a nutshell, this new feature helps FinancialForce to deliver a complete business solution on the Salesforce platform.

Dan Brown, the Chief product and strategy officer of FinancialForce states this proved to be easier to use than expected. This is because many of the concepts for Configure, Price, Quote, or CPQ solution were prebuilt in the old Professional Service Automation or PSA solution. For example, the concept of quantifying elements such as risk and contingency is the same. Estimation templates are the same as Project templates, and so on.

The new solution also works well with Salesforce CPQ and complements Salesforce Revenue Cloud. The best part is, it does not run on a separate system, but adds additional workflows to an existing Salesforce solution. This eliminates the need for integration and maintaining multiple copies of data elements.

“With the release of Services CPQ, FinancialForce is making it easier for organizations across the board to standardize and streamline the services estimating process—and achieve a higher level of customer-centricity. Services CPQ enables our customers to deliver accurate estimates, complete with resource demand, that creates a tight handoff between sales and service and facilitates delivering services projects at scale.”

-Scott Brown, CEO at FinancialForce

What is Services CPQ?

FinancialForce Services CPQ enables organizations to estimate projects based on existing best practices. Can you also integrate your own customized templates? Yes, you can. This offers what-if capabilities to the sales teams so they can model different margins and deployment options for remote working. This positively influences your expenses, and more.

Services CPQ makes use of the existing rate cards within FinancialForce PSA. As the rate cards are updated within the PSA solution, the estimates on jobs will rise. This is the first iteration of the solution and uncertainty remains regarding whether future rate cards will be used as part of the estimation process for longer projects. Dan Brown awaits further development based on customer feedback once the solution is deployed to its many interested customers.

Resource requests and tasks can also be included in estimates. Once the estimate is complete, it can be submitted for approval using Salesforce CPQ or FinancialForce CPQ. Importantly, these estimates are tied to opportunities within CRM (customer relationship management). The PSA solution can then be used for resource management and forecasting. The analytics built into the solution allows business leaders to see how the sales function is performing and what resources they might require.

Conclusion
Even though this is the first version of the module, it does not disappoint. FinancialForce Services CPQ complements the Salesforce CPQ solution and delivers an end-to-end opportunity to revenue solution.

Original Source

Which FinancialForce (ERP) Consultant is Right for Your Business?

AblyPro — Thu, 17 Feb 2022 17:16:06 +0000

Choosing the right FinancialForce Consultant is crucial for your business’ success. However, it’s not easy to select and integrate a FinancialForce ERP system that’s the right fit for your organization.

FinancialForce Consultants play a crucial role in your team, they help you in understanding your business processes and finding options that will fit your unique business needs. Making the right decision can set you up for success for years, but making the wrong decision may lead to the failure of your business and your team.

ERP Software – What is it?

First of all, what does ERP stand for? ERP is short for Enterprise Resource Planning. It is an integrated software suite used to gather and organize business data.

Consider all the processes involved in running a business, including inventory, order management, accounting, human resources, and more. The ERP software includes applications that automate these business functions to simplify your core production, sales quoting, accounting, and more activities. Simply stating, ERP software combines these various functions into one complete system in order to streamline processes and information throughout a company.

FinancialForce Consultants – Why do you need one?

If you are looking to take forward your organization – FinancialForce Consultants are crucial for your business. You can rely on them to provide specific and appropriate solutions that fit your business needs.

With their knowledge of processes and systems, they are the one-stop solution for your various functional queries.

Additionally, you also need to consider the fact that this will be someone who will work closely with you and your team, so their working style and personality should be aligned. They need to match your organization’s objectives with theirs to determine and implement the right solutions.

If you are looking forward to having a consultant for your organization we would like to share how a FinancialForce Consultant can save you time and money:

By simplifying your business functions, they help you eventually save time. When the solution is approved, they will ensure that the transition from your present processes to your new one is as seamless as possible. So that you could call it a true digital transformation!
They have a thorough understanding of different software options and an overall comprehensive view of the market. This is how they are able to advise and guide you while ensuring that you can dominate and capitalize on a particular sector or field.
They will tailor and customize every solution to your needs. Since FinancialForce consultants work on a case-by-case basis, they will ensure that your business and FinancialForce can work together in harmony.

How do you choose the right FinancialForce Consultant?

Here are a few points you can use to evaluate a FinancialForce Consultant and determine whether they are a good fit for your needs:

Always prioritize having consultants who have experience in your industry and company size. This is also extremely helpful if your organization is subject to regulatory compliance.
Because FinancialForce consulting is complex, it is necessary to select a consultant who has a deep understanding of the project. They need to be specific to your needs so they can determine how to address them with the optimum solution and system. In order to meet your needs, they need to realize your needs, and accurately calibrate your intentions and budget.
To create the best FinancialForce solution, a consultant must streamline your needs with the limitations of the software. By evaluating what they have gathered and what steps they will take to elevate your company to the next level, you can often determine whether a consultant is a good listener.
Communication and responsiveness are also important factors in FinancialForce implementation. Experienced FinancialForce consultants will assist you in integrating FinancialForce and your company’s processes in case yours contain constraints and unforeseen flows. Furthermore, you’ll want a consultant who can be both reactive and proactive when needed. They must be capable of adapting to an educational approach that is also helpful to the teams in place to help them handle the FinancialForce software.
After the software and solution have been installed, it is important that your FinancialForce consultant trains the company members on how to use the software in the most efficient manner. You can lose valuable time and money if your team members are unable to use the software.
The consultant should have extensive product knowledge and present you with several options to consider. Your consultant must clearly understand your business requirements. Ensure that your consultant can customize your new system according to your company’s needs and processes.

The points mentioned above are some of the most important factors to consider when choosing a FinancialForce Consultant. These tips will help you choose the right consultant for your business. With the right consultant, your company can grow and succeed.

Why should you hire AblyPro?

Our speciality is FinancialForce consulting. AblyPro was founded by an experienced business strategist to help you grow your company. We provide tangible value with our deliverables. Our FinancialForce consultants are industry-focused with technical and business expertise.

We assist you in identifying the best FinancialForce solution that fits your needs. Our team of highly skilled experts works hand-in-hand with organizations to achieve exceptional business improvements so that companies can concentrate on what they do best rather than on non-value-added activities.

Original Source

Why Should FinancialForce Move To LEX?

AblyPro — Tue, 08 Feb 2022 19:04:22 +0000

LEX means Salesforce Lightning Experience (LEX). FinancialForce LEX introduces next-generation user interfaces and simplified reporting. If you’re still using Salesforce Classic, the time has come to think about moving. FinancialForce (FF) releases beginning with Fall ’20 will transition to full Lightning support with maintenance-only support for the classic UI. And it’s a good thing because it all focuses on providing the best user experience! The below image explains FinancialForce’s journey to LEX.

There are lots of new features introduced in FinancialForce LEX. In this article, we will discuss some of the major improvements.

Why you should use Salesforce LEX

Improved Reports and Dashboards — A new user interface makes report building more straightforward and more intuitive, and reports and charts can be built and read more easily. Matrix-style reports group different values into separate columns, making Excel exports more convenient. With LEX, you can create stacked bar charts and doughnut charts. Report charts can also be embedded in different ways in LEX: on detail page sidebars, on tabs, etc., giving you a lot of flexibility.

A Clean, Intuitive User Interface — An easier-to-use interface that-

Boosts productivity
Optimizes operation
Makes it easier to create apps quickly.

With Lightning Experience, Salesforce makes better use of screen space and gives you more flexibility in designing apps. Plus, it has a great mobile interface.

Lightning Record Pages — You can create lightning record pages with tabs rather than scrolling through numerous sections of fields. By setting up default views, users can streamline their display and increase productivity.

*Lightning Web Components *— Lightning Web Components (LWC)use industry standards to boost productivity and performance, and they make training and recruiting easier for developers. Lightning Web Components work with any JavaScript library. As a result, your organization will have increased reusability and standardization of UI assets, more customizable record pages and dashboards, and easier maintenance and upgrading of custom application pages compared to VisualForce.

Saving time with Quick Actions — There are many prebuilt LWCs available in Salesforce LEX. The Quick Actions module gives you the option to display a subset of fields based on another field in the detail section. You can also nest quick actions within tabs. With fewer clicks and contextual, on-demand features, this new interface saves users time.
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Some other features of LEX are:**

Identify and display critical information on the initial page
Hide secondary and related information on tabs
Optimize VisualForce pages and style them with the Lighting theme
Use native Lighting Web Components wherever possible
Communities Release Hub — Latest release information and resources
Push Update — Get updates to Sandbox and production
Feature Console — Use feature console to adopt the latest version features and many more.

Become a Lightning Customer

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The Lightning platform makes day-to-day tasks easier, and it’s here to stay. SFDC automatically enables LEX for standard profiles. What are you waiting for? You may find it challenging to learn new features and take on that task. It’s okay to ask for help. AblyPro will assist you in the transition of FinancialForce to LEX and provide the best Lightning experience to your users.

You shouldn’t be concerned with the learning curve of a new system. We’ll guide you through each step of the process. Our experience, templates, and best practices from other Lightning implementations can help you maximize LEX’s potential.

Even if you decide to work with another company, we can provide insight into what you should expect from your professional services team. Don’t hesitate to contact us.

Original Source

How FinancialForce features help businesses transform digitally?

AblyPro — Wed, 02 Feb 2022 18:37:31 +0000

90% of businesses have already stepped their first foot into digital transformation. Taking the advantage of cloud-based platforms is a no-brainer today, thus most businesses have at least some type of digital infrastructure built into their processes. Digital transformation can bring together data collection, resource management, customer insights, and team collaboration to improve customer experience, enhance productivity, and increase the bottom line of the company. Everything from systems and processes to workflow and culture becomes part of digitization. While there are numerous benefits to digital transformation, the challenge arises in the issue of the lack of skilled resources within the organization.

These days it’s common for large companies to have specialized staff handling data storage, security, and management. However, the complexity in managing and securing sensitive data can be a major challenge for most companies that don’t have the right resources. That's why leveraging sophisticated tools such as FinancialForce is apt for mitigating risks associated with data storage and protection. FinancialForce provides the No.1 cloud PSA/ERP solution and is native to the Salesforce platform.

Read further to explore how FinancialForce features can help businesses in a successful digital transformation.

Secure data storage
FinancialForce prioritizes confidentiality, integrity, and availability of client data. FinancialForce complies with privacy and data protection laws in each operating country to ensure customer success and data protection.

Globalize your data flow
The cost of silly errors can be high. With the increasing data complexity, the risk of errors is even higher if relying upon old processes like spreadsheets. Managing a single source of data on the cloud makes it easier for employees to access accurate information from anywhere in the world.

Simplify workflows/ task management
When teams have clarity towards the whole picture, they do their jobs better. By being able to see the next step they can plan and take steps to meet the overall objective. FinancialForce PSA helps streamline workflows by accumulating information in one platform that simplifies tasks management.

One platform for business insights
FinancialForce has built-in Einstein intelligence to make accurate predictions and give meaningful insights to your business. All of this is available to you on a single platform, and you can access accurate predictions, monitor processes, and enhance your team efficiency.

Shorten sales cycle
Common access to real-time data for the sales teams’ boosts their efficiency and helps shorten the sales cycle. Improve the productivity of your sales team with FinancialForce, so that they can build mutual plans to align customer journeys with the sales pipeline.

Eliminate error and deploy faster
Improved collaboration within the team helps eliminate errors, increases project efficiency, and enables faster deployments.

Need consultant advice for more concerns related to your FinancialForce?

FinancialForce is a niche tool to help enterprises streamline their professional services and financial management. However, you might need expert assistance to fully utilize this sophisticated platform. If so, you can schedule a meeting with our FinancialForce Consultant to discuss your business in detail and how they can help.