Phocas Financial Statements upgrades
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Phocas Financial Statements upgrades

The Financial Statements solution was upgraded this year so your team can review and analyze financial statements directly in Phocas.The solution makes month-end financial statements more accessible and allows more people to understand the impact of operational decisions on financial performance faster.

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Topics: Job Role - Finance, Product, data analytics, data visualizations

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Phocas Financial Statements upgrades

The Financial Statements solution was upgraded this year so your team can review and analyze financial statements directly in Phocas.The solution makes month-end financial statements more accessible and allows more people to understand the impact of operational decisions on financial performance faster.

Read more

Topics: Job Role - Finance, Product, data analytics, data visualizations

4 elements of an efficient business intelligence tool

There are so many business intelligence tools on the market, all promising a competitive edge for your business. A good start is ensuring the software is compatible with your ERP and the tool has built-in content relevant for your industry.  Most business people need access to data quickly so being able to rely on industry specific dashboards and metrics makes adoption across the business more accessible. To ensure your investment in business intelligence is future proof, we also have a 4 point checklist to consider.

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Topics: Business Intelligence Basics, Job Role - IT, business intelligence dashboards, data visualizations, Inventory Management, KPIs and metrics

Ad hoc financial analysis and reporting for everyone

In many companies, the IT department creates a library of pre-built templates for generating static financial reports from the ERP. These reports reflect data in a standardized format and layout. Yet often a decision-maker requires more information or wants to drill down on specific data. In such cases, they have to come back to the finance team (or the IT team) who investigates the matter and generates more standardized static reports. Now with new software, it is possible to remove the middle person and carry out ad hoc financial analysis – at any time – to quickly solve a pressing issue.

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Topics: Business Intelligence Basics, Job Role - Finance, Job Role - Executive, Financial Statements, Dynamic reporting, business intelligence dashboards, data visualizations

The evolution of financial statement planning and analysis

Your finance team may be wasting their precious time in preparing outdated static reports, to provide insights which don’t matter anymore.Technology has transformed how the decision makers can leverage data to make informed decisions. Instead of waiting for year-end or month-end reports to analyze your financial health, the decision makers now require up-to-date insights to make on-the-go decisions and create new opportunities for business growth. Financial statement planning and analysis has evolved significantly, and with it, the need of switching to software has also increased tremendously.

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Topics: Business Intelligence Basics, Job Role - Finance, Job Role - Executive, Financial Statements, Dynamic reporting, business intelligence dashboards, data visualizations

Define business intelligence and list the signs your business needs BI

One way to define business intelligence (BI) is to say BI takes away the trauma of spreadsheets and instead uses the power of queries and algorithms contained in the software to review your data and provide ready to go actions. Business intelligence changes the way companies operate and drives accurate data-driven decisions. Gone are the days of business owners spending their time solving day-to-day operational problems. BI helps business people to anticipate, plan and be proactive with data insights. 

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Topics: Business Intelligence Basics, data visualizations

How real-time dashboards keep managers on target

how-real-time-dashboards-keep-managers-on-target

A real-time dashboard provides up to the minute insight into the performance of numerous business processes from production to delivery. Every department of a company has specific performance metrics that can be monitored to ensure the company is operating at peak performance. Integrating these metrics into a dashboard allows users to spot a problem quickly so you can get right back on track or respond to exactly what your customers need.

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Topics: Business Intelligence Basics, Job Role - Executive, data visualizations, KPIs and metrics

Data management: 6 dos and don’ts of managing your business with data

 


Business intelligence (BI) systems provide a single source of truth for data management across all of your operations’ data. BI aggregates the data in a way that makes it easier for you and your team to access and analyze information for more strategic decision-making. Tracking key metrics across inventory, customer behavior, finance, and other areas of your business has never been more important with the uncertainties that are impacting practically every industry today. As you evaluate your BI strategy and the role analytics plays in your future, consider the following six dos and don’ts for data management to make data more accessible and meaningful to your teams.

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Topics: Business Intelligence Basics, Job Role - Executive, Job Role - Inventory/Operations, decision-making, business intelligence dashboards, data visualizations, KPIs and metrics

[eBook] Benefits of scorecards and dashboards

Phocas_DashboardsScorecardseBook_blog

In today’s modern mid-sized organization, having quick and easy access to company data in the form of a scorecard or dashboard is a cost-effective way to improve efficiencies and increase profit margins. The ability to turn raw information into actionable intelligence is essential to understanding how to better serve customers, reduce costs and streamline processes.

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Topics: Strategy, Management and Performance, Job Role - Executive, business intelligence dashboards, data visualizations

Take control with self-service data analytics

take-control-with-self-service-business-analytics

Nearly all companies in today’s world have one common goal: keeping the user experience simple. This reduction in size, steps, and clicks does not mean the technology is any less sophisticated — in fact, it’s just the opposite. In relation to data, self-service data analytics solutions enable users of all skill levels to independently access, query and analyze company data.

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Topics: Job Role - Inventory/Operations, Job Role - Marketing, data analytics, data visualizations

Phocas a 'High Performer' in G2 Crowd's BI Grid

Phocas Software is a 'High Performer' on G2 Crowd’s best business intelligence platform grid for the summer. G2 Crowd is an independent software review platform that collects transparent and unbiased software recommendations from current users. Phocas' leadership as a High Performer is primarily driven by high customer satisfaction scores.

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Topics: Business Intelligence Basics, Job Role - IT, Reviews and Recognition, Dynamic reporting, data visualizations

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