Since Phocas does the laborious work, finance can focus on analyzing data, reducing costs and finding ways of increasing profitability.
Live dashboards present a snapshot view of financial performance. The users can analyze and track both legal and non-legal entities (branches, areas, departments, product lines, etc.) to measure financial growth.
Instead of simply visualizing data in graphs, piecharts and maps, Phocas provides an array of data visualization tools, features, and systems to give you the unparalleled experience.
You can customize data to meet your needs, present information as you want and access everything, including charts, dashboards, KPIs, data cubes, and reports inside the software.
Scott Sokoly, Business System Administrator says “ takes away the nightmare of producing consolidating financial statements that are broken down by branch division or consolidated for the entire company.
“The accounting department is excited because it's less work to make a consolidated financial statement. In the past, we have five Excel sheets and you basically add them together. It's just busy work for them so I think they're excited ,”says Scott.
because the accounting department didn't have time to prepare that level of report for every branch manager. All levels of our mid-management can now look into our performance, from expense analysis to margin monitoring. So I think the financial review is going to go deep into our business
We're able to make better decisions quicker and put information in the hands of the people who are really running our businesses day-to-day," says Scott.
Data visualization enables teams to have knowledgeable conversations about financial statements. Financial dashboards ensure that non-financial people can grasp the numbers and educate themselves about data to make informed decisions.
Phocas, as a data visualization tool, connects all pieces of the puzzle and transform business processes, thus becoming a partner to your organization’s growth and success.
To find out more about financial data visualizations, download this ebook: Turbo Charge your finance team with Data Analytics.