Certinia (FinancialForce) Summer 2023 Release: Everything You Need to Know

Certinia (FinancialForce) is coming up with its Summer 2023 Release. This update enhances the Services-as-a-Business platform, empowering customers with operational certainty. The new features prioritize efficient and cost-effective projects through streamlined resource management and time-saving accounting enhancements. 

Here are the upcoming features of the FinancialForce Summer 2023 Release: 

#1: Enhanced Efficiency with Pragmatic AI 

The FinancialForce Summer Release 2023 update introduces “pragmatic AI,” which lowers uncertainty in AI adoption by offering curated datasets, closed-loop models for better accuracy, and expert support from FinancialForce.

Leveraging Salesforce’s Einstein Discovery ML (Machine Learning) models, organizations gain trust in implementing AI for precise cash flow forecasting and decision-making. The FinancialForce Summer 2023 Release includes: 

• Risk identification 
• Service margin improvement 
• Accurate cash flow forecasting  

#2: Elevated Project Management 

The new Task Board feature streamlines task updates through user-friendly drag-and-drop actions. Program Managers can also benefit from Project Overview, which offers clear insights into project status and financial performance. Enhancements to the Scheduling Risk Dashboard, introduced in Spring 2023 Release, enable timely risk assessment and measures to protect project margins. 

#3: Optimized Resource Management 

Integrating Google and Microsoft Outlook calendars enables swift evaluation of team availability for project scheduling. Resource Managers can easily modify resource assignments using advanced work planner tools, identifying suitable personnel based on work history. These updates: 

• Optimize resource utilization 
• Ensure operational continuity 
• Elevate customer satisfaction 

#4: Time-Saving Accounting Operations 

The Certinia Summer 2023 Release improves collection management, vendor payments, and depreciation schedules. Controllers gain better control with accounting playbooks for a simpler close. It streamlines tasks like processing invoices and applying price adjustments to billing contracts, saving time. 

#5: Insights-Driven Procurement 

The Certinia Summer 2023 Release offers immediate insights via redesigned reports and alerts for procurement. Teams can analyze their spending by category and supplier, enabling them to make smarter purchasing choices. Customer-sourced upgrades to reporting have also been emphasized, resulting in more flexible formatting and multi-select filtering for simpler consumption and targeted analysis. 

Mickey North Rizza, IDC Group Vice-President Enterprise Software, highlighted that Certinia’s Services-as-a-Business platform enhancements would lead to increased work efficiency and reduced resource requirements. He also emphasized the customer-centric approach in introducing AI functionality and specific use cases for service-based enterprises. 

Conclusion 

AblyPro is a registered Certinia (FinancialForce) Implementation and Managed Services partner. We pride ourselves on having the right set of skills, expertise, and experience to empower your business to digitally strive in this ever-changing landscape. With 300+ certified experts handling custom business requirements across multiple industries, we are fully equipped to elevate your business growth by building reliable, sensible, and usable PSA and ERP solutions specific to your needs. Schedule a free 1:1 meeting with one of our Certinia Experts. 

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