-- Helps companies of all sizes comply with both voluntary and legislative
climate change requirements
-- Allows CFO to benchmark emission levels, cut operational costs and
monetize carbon assets
-- New role of Sustainability Officer can manage carbon footprint and
emission reduction efforts using CloudApps Carbon
FinancialForce.com, the global
leader in online cloud accounting solutions built natively on the Force.com platform from salesforce.com, today announced a
partnership with CloudApps, a
carbon management specialist, to help companies measure, manage and
monetize carbon as an asset. The collaboration comes in the wake of
increasing legislation, including the UK Carbon Reduction Commitment (CRC),
which came into effect at the start of April 2010 and the voluntary Carbon
Disclosure Project (CDP) scheme, which many global corporations subscribe
to.
The applications were both developed on Force.com, salesforce.com's cloud
computing platform, to seamlessly provide an end-to-end carbon management
and accounting solution. This means companies of any size can measure,
monitor and account for their current carbon emissions and engage with
their employees to dramatically reduce future emission levels and
operational costs. Delivered at a low cost, the combined cloud-based
solutions allow companies to rapidly get started on their carbon management
journeys.
The emerging role of Sustainability Officer involves the management and
reduction of carbon emissions across the entire company resulting in
reduced operational costs, while the CFO benchmarks emission levels against
the competition and reports the financial implications to the board.
Together they can ensure compliance with voluntary and legislative global
climate change requirements, drive significant cost savings and further
enhance their brand.
"When managed as an asset, carbon creates a business advantage, yet very
few companies do it well," said Simon Wheeldon, CEO of CloudApps. "The
ability to tie accurate and timely carbon management into financial
accounting, forecasting and reporting gives customers the ability to manage
the emissions, costs and the cash flow implications of carbon. CloudApps'
partnership with FinancialForce.com provides a rapid-response to evolving
environment regulations, enhancing products and rolling these out to our
customers in days, not weeks or months."
CloudApps Carbon integrated with FinancialForce.com Accounting enables
customers to rapidly measure their carbon emissions and produce accurate
compliance reports. They can benchmark their carbon footprint against
others, engage employees to identify and manage carbon reduction programs
and smooth cash flow by forecasting future carbon allowance requirements.
In addition, it enables them to share their work with all stakeholders
further promoting their brand and green credentials.
FinancialForce.com takes the information on carbon emissions from the
CloudApps Carbon application and converts it into accounting transaction
data so that carbon can be monitored and reported as an asset in its own
right. Delivered in the cloud utilizing a pay-as-you-go subscription model,
this offering is easy and inexpensive to install and maintain compared to
other offerings on the market.
"CloudApps is delivering an innovative carbon management solution that is
helping companies understand what is required of them and how they can
accurately monitor, report and manage the reduction of their carbon
emissions," said Jeremy Roche, CEO of FinancialForce.com. "Together with
FinancialForce.com, this solution offers companies better visibility of
their environmental impact and associated costs. It is no longer a question
of if they do it, but how they do it, and using integrated cloud
applications built on a proven technology platform like Force.com will be a
cheaper and less risky alternative to many other offerings on the market
today. Responsible businesses of all sizes can benefit from integrated
sustainability and online accounting."
About FinancialForce.com
FinancialForce Accounting is a unique online cloud
accounting solution -- the only one to be built natively on the
Force.com platform from salesforce.com. It allows finance
teams of organizations using Salesforce CRM -- the world's most successful
online solution -- to truly 'Speak Salesforce' in a way no other cloud
accounting system can do, dramatically simplifying processes like
invoicing, collecting cash and servicing customers.
As the only financial management solution that 'Speaks Salesforce,'
FinancialForce.com does for finance what salesforce.com has done for CRM --
it gives organizations a complete understanding of their financial and
business performance that is 100% up-to-the-minute and accurate.
FinancialForce Accounting's unique real-time design is always in balance
and up to date, delivering the confidence of reliable figures from secure
systems, looked after by the world's most trusted enterprise cloud
computing platform. It is aimed at organizations outgrowing their original
accounting applications and looking for a simple yet powerful accounting
solution with the capability to support them as they expand locally and
even internationally.
FinancialForce.com was funded with an investment from UNIT4 (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 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 CloudApps
CloudApps is the leading provider of enterprise solutions that are helping
companies of all sizes to reduce their operating costs, comply with global
voluntary and legislative climate change requirements and engage with their
key stakeholders to enhance their brand and realise value from their carbon
asset.
CloudApps Carbon is an innovative, cloud-based Emission Management solution
that is offered on a subscription basis and delivered on salesforce.com
enterprise cloud-computing platform, Force.com. For more information,
please visit http://www.cloudapps.com.
Contact Information: For more information, please contact: Emma Hoyle FinancialForce.com PR Manager ehoyle@financialforce.com +44 (0)1423 537977 Media Contact: Paul Maher Positive Marketing T: 05600 921012 M: 07900 600013 pmaher@positivemarketing.org