FinancialForce.com partners up with Carbon Apps

26 May 2010, Rachael Singh, AccountancyAge

http://www.accountancyage.com/aa/news/1809203/financialforcecom-partners-carbon-apps

One of the largest online financial software supplier's has teamed up with a carbon management business, to create a streamlined accounting and envionmental package.

The move is in response to newly introduced legislation such as the Carbon Reduction Committment (CRC).

UK companies, which spend approximately more than £500,000 per annum on their energy bills, are now legislated to reduce and report their carbon emissions under the CRC which came into force in April 2010.

FinancialForce.com, the online accountancy software supplier, joined forces with CloudApps, an environmental management company, to give customers the ability to combine both the finance and the sustainability departments.

FinancialForce.com is a combination of the hugely successful Salesforce.com and financial software giant Unit 4. It uses the IT platform of salesforce.com and technology of Unit 4.

"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," he added.

"It is no longer a question of if they do it, but how they do it," said Jeremy Roche, CEO of FinancialForce.com.

"Responsible businesses of all sizes can benefit from integrated sustainability and online accounting,” he added.

The product is available through the accountancy package.