Financial planning software
Financial reporting and forecasting can be taxing, with various departments struggling to consolidate data. Multiple spreadsheets, version control issues, broken formulas; it's a manual, time-consuming process that limits visibility.
What if there was a better way?
Based on 270+ customer reviews on
Phocas - the better way to analyze, forecast and budget
3-statement forecasting
- Proactive: stay on top of your cash position with three-way budgets and forecasts auto synced from your ERP
- Driver-based: use your profit and loss to drive your balance sheet and cashflow forecasts
- Accurate: use live actuals to accurately forecast your future balance sheet position and financial health
Self-serve financial reports
- Easy: create and automate profit & loss, balance sheet and cashflow statements for cross-functional teams in minutes
- Split: quickly split reports like profit and loss to compare divisions, subsidiaries, regions, cost centres
- Compare: make it simple to compare performance across time periods and against budgets, then drill into the underlaying detail
- Customize: add visualizations or calculations such as EBIT, margins and ratios that update automatically
Whiting Holdings halves financial reporting time
"Phocas created a lot of efficiencies in our finance team, we reduced the number of days to roll out reports from 10 to 5. It allows us to report and dashboard KPIs within our organization, and also make decisions easily by getting to the source of the data quickly."
Ingrid Vanlangenberg, Finance Project Manager - Whiting Holdings
Auto consolidation
- Efficient: save hours, even days of data wrangling with financial and operational data automatically consolidated
- 360 view: data is pulled from multiple ERPs, subsidiaries, branches, countries into one consolidated view
- Compare: Quickly switch from a high-level overview to analyze against division, time period or branch
- Migration: can be quickly implemented to provide uninterrupted dataflow, reporting, dashboards during ERP migrations.
It's always been a nightmare for us to produce consolidated financial statements that are broken down by branch, division, or are consolidated for the entire company. Now we have the ability to consolidate or spilt them any way we want and at any level of detail. From the very top level (revenue and profit), down to viewing individual expense lines."
— Scott Sokoly, Business System Administrator at Trade Supply Group.
Trusted by companies worldwide
Over 3,000 businesses who make, move and sell use Phocas every day to connect to centralized data, understand results and plan for the future together. 97% of customers stay with us year-on-year because our platform gives people confidence to run their businesses better.
Easy ad-hoc analysis
- Drill down into underlying transactions for further interrogation of performance
- Easily make side-by-side comparisons such as year-on-year variances
- Sparklines (mini charts) allow you to quickly see trends and spot anomalies
- View budget data in dashboards, to tell and explore your financial forecasting story
#1 Reporting/Analysis & Predictive Planning
In BARC's 'The Planning Survey 24' Phocas scored a perfect 10 in reporting/analysis and ranked #1 in predictive planning in the “integrated products for planning and business intelligence and analytics category”.
vs
4.9
Reporting / analysis
10
3.2
Recommendation
8.6
3.6
Predictive planning
8.5
3.4
Driver-based planning
6.8
2.2
Vendor support
7.4
Source: The Planning Survey 24, BARC
vs
7.8
Reporting / analysis
10
9.1
Recommendation
8.6
10
Predictive planning
8.5
N/A
Driver-based planning
6.8
5.2
Vendor support
7.4
Source: The Planning Survey 24, BARC
vs
9.5
Reporting / analysis
10
7.9
Recommendation
8.6
1.5
Predictive planning
8.5
4.2
Driver-based planning
6.8
4.8
Vendor support
7.4
Source: The Planning Survey 24, BARC
vs
6.4
Reporting / analysis
10
6.5
Recommendation
8.6
3.4
Predictive planning
8.5
2.6
Driver-based planning
6.8
5.8
Vendor support
7.4
Source: The Planning Survey 24, BARC
Visually presentable insights
- Build, customize and share unlimited dashboards and workflows, creating a clear business overview
- Visualize financial ratios and KPIs side-by-side, connecting different divisions, subsidiaries, branches to performance
- Quickly switch from visualizations to underlying data where you can slice and dice the metrics
- Present live data insights to non-finance teams using graphs, pie charts and Sparklines (mini charts) that are easy to understand.
Detailed budgets reveal growth opportunities
Using Phocas, Savona Food Service has moved away from manual reporting and limited visibility of budgets. Now with automated reporting and quick, easy access to all their data, including budget actuals, sales teams are more proactive and hitting targets. Plus, budgets are now built at a granular level, revealing more targeted growth opportunities.
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User-friendly forecasting
- An intuitive interface design offers a familiar format to Excel spreadsheets
- Swiftly navigate the budget worksheet, securely assign tasks, add commentary to cells, and gain full visibility of changes in real time
- Follow your train of thought and drill deeper to answer questions without the fear of breaking something
- The rate of user adoption is a direct reflection of ease of use - 97% of users recommend Phocas.
Phocas is definitely easy to use, our team don't have to rely on central office to get the reporting they need. The biggest benefit, however, is the flexibility to drill down to the next level of data and set up standard ways to look at things. It just makes life easier."
— Rodney Macnamara, General Manager at Abcoe Distributors.
Compare budgets to actuals
- Budgets are only as good as the latest forecast. Compare actual performance to budget, highlight focus areas for improvement and create better re-forecasts.
- Turn your budgets into living, value-add tools for the whole business.
- Access financial data and reports, as well as sales and operational data to help you confidently build robust forecasts across the business.
- Assign security, share workflows across departments and make collaboration an intrinsic part of the process.
Operational & financial driven budgets
- Incorporating sales and operational data into your planning helps drive your budget.
- Balance workforce planning and inventory with changing business needs.
- Assess up-to-date performance data and create more accurate demand forecasts.
See Phocas Budgets and Forecasts in action
Phocas Budgets and Forecasts is a cloud-based planning tool that handles complex and detailed budgeting requirements while also being refreshingly easy to use.
Real-time collaboration
- Access financial, sales and operational data from one trusted source of truth.
- An intuitive assignment, submission and approval process means everyone is accountable - no more chasing feedback.
- Built-in security means you'll only see what you're permitted to see and action.
- Budget changes are updated in real-time so version control issues are a thing of the past.
I love that you are able to assign category/accounts to individuals for review, to ensure each department has a say in the budgeting process."
— Justin Caper, Controller at American Metals.
Award-winning financial reporting software
Based on 270+ customer reviews
Fast implementation, full support
Phocas tailor your integration to your business needs to ensure longevity and the ability to add additional data sources. Phocas takes care of all of the heavy lifting, achieving in a matter of weeks what can take other providers the better part of a year to achieve.
Phocas partner with multiple ERP systems and has developed a finely tuned implementation process that starts with a thorough needs assessment. Dedicated support teams are located in offices globally, providing not only technical assistance but also offering guidance and support that aligns with wider business objectives. Helping you achieve your goals and generate a fast return on your investment.
Based on your goals and the data you want to analyze, we'll advise you on the most streamlined implementation.
A team of experts will be assembled to answer questions and clarify your data needs so that everyone understands what software products have been purchased and what will be delivered. This project will require the engagement of a sponsor, ERP/IT manager, and a subject area expert from your team.
Phocas will need server access to your data – this confidential information is stored securely. Secure data warehousing for multiple data sources is all part of the service and data is mapped to ensure it is matched for seamless updates and ongoing validation. We'll connect your data to Phocas via API connectors, or we'll use SQL or text file extracts from your servers.
This last step is all about making sure everyone in your business feels confident in using Phocas to make data-driven decisions. Your project team will receive an introductory training session so you can go live with confidence. Plus, you'll have ongoing support from our dedicated global support teams - there's always a real live human to talk to.
Understand the past, operate better today, and plan well for the future
Whether you want to get your data organized for your team or you’re looking to combine business intelligence capabilities with financial reporting, planning and analytics… We can guide you. Let’s see if we can help.
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