FinancialForce.com has 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. FinancialForce says 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.
“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 is designed to enable 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 says the company is easy and inexpensive to install and maintain compared to other offerings on the market.
