Cloud-based accounting technology provider FinancialForce.com has released the Summer ’11 version of FinancialForce PSA, which includes both social media and mobile features geared toward aiding professional service organizations.

The latest release includes a Salesforce Chatter-enabled timecard entry app for the iPhone. It also provides the ability to add Chatter streams—much like Facebook streams— and increase visibility to tasks synchronized with MS Project, and an automated project status report configurator.  The configurator also helps ensure that status reports become part of the project audit trail.

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