Prochem stays ahead of the game with data analytics
NEW

Prochem stays ahead of the game with data analytics

Prochem delivers quality stainless-steel pipe, fittings and valving products to the gas, aerospace, marine and industrial sectors across the Asia Pacific. The company uses data analytics to drive efficiencies and stay competitive. The steel distributor started using Phocas to identify low margin sales automatically. Now, the BI software underpins many smarter ways of working for Prochem such as streamlining the purchasing and stock functions.

Read more

Topics: Case Study, Job Role - Finance, Industry - Wholesale Distribution, Job Role - Inventory/Operations

Recent posts

Prochem stays ahead of the game with data analytics

prochem-stays-ahead-of-the-game-with-data-analytics

Prochem delivers quality stainless-steel pipe, fittings and valving products to the gas, aerospace, marine and industrial sectors across the Asia Pacific. The company uses data analytics to drive efficiencies and stay competitive. The steel distributor started using Phocas to identify low margin sales automatically. Now, the BI software underpins many smarter ways of working for Prochem such as streamlining the purchasing and stock functions.

Read more

Topics: Case Study, Job Role - Finance, Industry - Wholesale Distribution, Job Role - Inventory/Operations

ConvaTec sets healthy pricing strategy with Phocas data insights

ConvaTec-sets-healthy-pricing-strategy-with-Phocas-data-insights

ConvaTec is a global medical products and technologies company with innovations that advance wound care, stoma care, continence and critical care. ConvaTec deployed Phocas in 2015, and the following year, the company’s 30-plus sales team achieved record sales. The success was attributed to better visibility of their data and the ability to use data to support pricing decisions.

Read more

Topics: Case Study, Job Role - Finance, Industry - Health and Medical, ERP - SAP

Transform your IT team into a strategic asset

transform-your-it-team-into-a-strategic-asset

As advancements in technology continue to alter the way we do business, the role and function of the IT department must also adapt. IT managers need to consider ways to shift the IT department from the role of a cost center to a strategic asset. By developing innovative strategies that marry technology with business goals, your IT department can be your company’s competitive edge and drive efficiencies and superior customer service.

Read more

Topics: Job Role - Finance, Job Role - IT

How to determine who owes you money

How-to-determine-who-owes-you-money

The ability to determine how much outstanding money is owed to your company is vital to the ongoing management and sometimes survival of a business . As such, it’s important that relationship managers have the ability to examine which accounts are overdue or have a credit freeze on them so they can work with finance and customers to rectify the situation.

Read more

Topics: Business Intelligence Basics, Job Role - Finance, Job Role - Sales

How to customize your data?

how-to-customize-your-data

Individuals have unique ways of perceiving the world around them.  This includes how they extract meaning from their data. Some people prefer to see as much information as possible. While others favor a more simplified report. At Phocas, we pride ourselves on offering flexibility. Here are three videos that demonstrate how to customize your data according to your needs.

Read more

Topics: Job Role - Finance, Product, Job Role - Executive

How to upload budgets into Phocas ready for FY20

how-to-upload-budgets-in-Phocas-for-FY20

A budget is a financial plan for a defined period, normally a year. It greatly enhances the success of any undertaking. As the saying goes, "if you fail to plan then plan to fail." Budgets are an integral part of running any business efficiently and effectively. Aside from assigning resources, a budget can also aid in setting goals, measuring outcomes and planning for contingencies.

Read more

Topics: Business Intelligence Basics, Job Role - Finance, Job Role - Sales

Are you a data-driven CFO?

are-you-a-data-driven-CFO

Chief Financial Officers (CFO) are the stewards of a company’s financial well-being. As companies have realized that shrewd financial management is necessary for sound decision-making, the CFO has proven to be crucial to the growth and success of a company. The role of the CFO has evolved across every aspect of the business which is especially true as companies are becoming more data-driven.

Read more

Topics: Job Role - Finance

Can data analytics assist the mergers and acquisitions process?

can-data-analytics-save-mergers-and-acquisitions


The key principle behind M&A is that joining two companies is more valuable than operating them separately. But we all know there are so many decisions regarding the two businesses that need to be made to secure the value of the consolidation. One of these considerations is often about software or IT and what data analytics solution the 'new' company should choose.

Read more

Topics: Job Role - Finance, Industry - Electrical, Industry - HVAC/Plumbing, Industry - Building & Industrial Supplies, Job Role - Executive, Industry - Retail, Industry - Mechanical and Industrial

How does business intelligence software help with forecasting?

how-does-business-intelligence-software-help-with-forecasting

In the face of unstable market and economic conditions, companies need to use a number of measures to stay ahead of the market. Forecasting is one effective tool.

Read more

Topics: Business Intelligence Basics, Job Role - Finance, Job Role - Sales

How can data analytics enhance financial decision-making?

how-can-data-analytics-enhance-financial-decision-making

Data analytics can be applied to financial analysis in a wide variety of ways such as developing company goals and objectives, creating financial policy, evaluating economic trends, and more. 

Read more

Topics: Business Intelligence Basics, Job Role - Finance, Job Role - Executive

Follow us

Subscribe via email