SAP reporting and analytics made easy

Yes - Phocas specializes in combining business data, most often ERP and financial data, with other non financial data sources. Providing one trusted platform to measure, track and plan your ongoing business operations quickly and easily.

Phocas started as a BI solution, so we understand the ins and outs of data manipulation. Our customers loved the enhanced capabilities that Phocas brought to their ERP that they started asking for financial analysis and budgeting and forecasting capabilities too.

Our focus is creating software and tools that anyone in your organization can use to understand sales, supply chain and procurement, making sure that your team can plan and forecast based on a solid foundation of trustworthy data.

There are several benefits of using financial data analysis platform over Excel or other manual reporting methods:

1. Time-saving: It frees up the finance team from time-consuming reporting tasks by automating entire processes, allowing for faster reporting, consolidation, and customization.

2. Accuracy: Data is pulled directly into the platform which ensures accuracy and reduces the risk of errors that can occur when maintaining and reworking static spreadsheets.

3. Standardization: It enforces standardization across financial statements, budgets and reports to ensure consistency and enables comparisons across different periods.

4. Collaboration: It enables teams to collaborate and work simultaneously in a secure and auditable environment. This can improve communication and reduce the risk of data discrepancies.

5. Reporting: It provides advanced reporting capabilities, such as customizable templates and interactive dashboards. This makes it easier to visualize data and identify patterns and trends.

6. Security: It provides better security features than Excel, including data encryption, user access controls, and audit trails. This can help protect sensitive financial data from unauthorized access or modification.

7. Customizable: You can add calculations to the statements such as EBIT, margins and ratios.

While Excel can be a useful financial reporting tool, a complete suite of analysis, financial statement and forecasting tools can help businesses streamline their financial reporting processes, improve accuracy, and make better, faster decisions based on real-time data.