Money Forward Launches Cloud Receivables Management for Salesforce

Money Forward Unveils Cloud Receivables Management for Salesforce

On May 29, Money Forward, a leading financial technology company, announced its latest innovation, the "Cloud Receivables Management for Salesforce," now available on the Salesforce AppExchange. This solution integrates the receivables management system with Salesforce through API connectivity, streamlining the management of payment processing and outstanding receivables.

The "Cloud Receivables Management for Salesforce" service is designed to optimize credit management tasks by facilitating the connection of invoicing data and payment reconciliation results via API. Companies can not only conduct payment processing effectively but also synchronize the outcomes back to Salesforce, allowing for real-time updates on receivables status.

With this integration, users can create management reports directly within Salesforce, fostering timely communication between sales and finance departments regarding collections and payment delays. This ensures that all teams are on the same page and enhances overall efficiency in financial operations.

"The introduction of 'Cloud Receivables Management for Salesforce' is a significant step towards automating cumbersome payment processes and improving collaboration between teams," stated Aki Hirohara, CPO of Money Forward’s business division. "We will continue to expedite back-office digital transformations as a Salesforce partner, striving to empower businesses and their workforce."

Atsushi Urano, Executive Officer and Alliance Director at Salesforce Japan, welcomed the new addition to AppExchange. He noted, "This solution will help automate complex payment reconciliations and seamlessly share pending payment information between teams, accelerating our customers' business transformation efforts. AppExchange evolves continuously to connect businesses with the applications and experts that fit their needs."

What is the Salesforce AppExchange?

Salesforce AppExchange is a premier enterprise cloud marketplace that supports businesses, developers, and entrepreneurs in building, marketing, and growing in innovative ways. With over 7,000 partner applications and a pool of certified consultants, AppExchange has facilitated 11 million customer installations and boasts 117,000 peer reviews. This platform resolves various business challenges through immediately installable, customizable applications and connects customers with Salesforce-certified consultants.

Overview of Cloud Receivables Management

The "Cloud Receivables Management" service by Money Forward is a comprehensive system that enhances receivables operations, including sales and invoicing management, payment processing, and reconciliation. It automatically retrieves payment data and employs AI for bulk matching of receivables. This system continuously updates a variety of receivable management reports according to the status of sales and payments, enabling the centralization of receivable information in the cloud.

For further information, visit Money Forward's official site.