Category: Person Account

One of the biggest advantages of being a consultant is that you will be able to play with new technologies/functionalities because each customer comes up with their unique requirements. This is how I was introduced to Salesforce’s Financial Services Cloud (also known as FSC) recently. Today I am going to explain basics of FSC and how you can start exploring it.Salesforce’s Financial Services Cloud is basically having the similar concept of Non-Profit starter pack. It will be a combination of managed and unmanaged packages installed to your org. Focus here is to support Financial Services sector. FSC is only available in Lightning Experience.The heart of FSC is the managed package – “Financial Services Cloud”. Along with this, you will get two more unmanaged packages – “Financial Services Ext” and “Financial Services Referral Ext”. There is another very important managed package which will be kind of differentiator and that is none other than “Financial Services Cloud – Einstein Analytics”. Note – This is true as of today (Winter 18 release).FSC will allow companies like wealth management, investment firms, banks, asset managements and other financial institutions to manage their customers, along with their assets, liabilities, financial accounts, and much more. With this high level description why FSC, let’s dig into more unique terminologies now.BUILDING BLOCKS OF FSCLet’s start with Financial Services Cloud’s building blocks – Clients and Relationship Groups/Households.Clients – A...