Plan with confidence across your business
Do all your planning in one platform and connect all your business units.
Bring your data and people together
Data and people are central to integrated business planning (ibp). Phocas pulls all your financial and operational data from your ERP and multiple data sources so you can plan in detail across branches or divisions. Now your planning is continuous and active with built-in data management.
Whether a financial budget, sales and operations planning or a demand forecast, an integrated business planning platform like Phocas makes them all easy to create with built-in workflows and templates.
— Daniel Harrison, Chartered Accountant and subject matter expert at Phocas.
Connect business goals with financial targets
Phocas Budgets & Forecasts steers your future direction by integrating your financial and operational goals with your strategic planning. Specialized plans for sales, operations and HR can be included in your planning with easy identification of revenue and expense drivers.
- Forecast sales, plan for customer demand and model pricing strategies
- See the impact of scenario planning across operations and supply chain management
- Budget the specific costs of every person across your business using the headcount drivers.
Whiting Holdings halves financial reporting time
— Ingrid Vanlangenberg, Finance Project Manager at Whiting Holdings.
Integrate planning with financial reporting and analysis
Compare budgets with actuals and analyze results. Connect your model to financial reporting and roll plans forward with month end. Report any way and share relevant financial performance.
- Customize financial statements for consolidated and branch reporting
- Update and share management reports to understand financials and make accurate decisions
- Measure financial and operational metrics and visualize results in dashboards
- Understand your opportunities and risks by quickly going back to your transactional source data.
Real-time collaboration
Reimagine your old models with Phocas Budgets & Forecasts designed for collaboration and flexibility. Bring everyone together with secure workflows so they can add value and be accountable for the areas they control.
- Collaborative workflows are built-in with an audit trail to look back on
- Security controls for many users to see and action information they are responsible for
- Adjust and align resources based on the knowledge and experience of people across your business
- Driver-based functionality enables the inclusion of all operational planning in the collaboration.
— Randy Scott, ERP Manager at Tom Duffy.
Kerridge + Phocas customer
Secure, fast and reliable
Better plan your financial future and run your business day-to-day with Phocas FP&A and BI. With clear, dynamic data and purpose-built features, the integrated planning benefits flow throughout your business.
- Handles big data volumes and processing with fast load times
- Favors one system for input and analysis to streamline all data source types
- Offers a human-friendly and flexible user experience
- Provides a secure end-to-end software solution with technology partners AWS and CrowdStrike, plus security and privacy compliance for SOC 2 Type 2 and GDPR.
Why Phocas for integrated business planning?
Plan
Achieve a single source of truth across divisions with Phocas so finance teams can create collaborative budgets and forecasts.
Measure
Collaborate
Hundreds of business leaders share the love
Source: The BI & Analytics Survey 23, BARC
Source: The BI & Analytics Survey 23, BARC
Frequently asked questions
Integrated business planning ensures that all business units within the company are working towards common goals. When you plan together resources are allocated efficiently and everyone know what’s required to hit targets. When a planning platform is used people also have clear visibility of performance so they can adapt to changing market conditions and be ahead of risks and opportunities.
Integrated planning solutions like Phocas Budgets and Forecasts provides a comprehensive view of your actual, budget and forecast numbers for your entire business. This clarity of financial performance enables people to make informed decisions based on accurate and up-to-date information from finance, sales and operations. Better strategic decisions can be made because results can be measured regularly, and people can see if the plan is effective in their sales or operations channel.
Demand planning enables better coordination of the entire supply chain, from raw material procurement to distribution. When you can forecast customer demand this helps in reducing lead times, minimizing disruptions, and improving efficiency.
Sales and Operations Planning (S&OP) aligns finance, sales and operations business units within a business. The primary goal of S&OP is to balance demand and supply while aligning your business plans with operational capabilities.
To enhance your integrated business planning consider these recommended characteristics that your Bi & FPA platform needs to support.
- Compatible with your ERP system and inputs multiple data sources
- Capable of handling big data processing, enabling the analysis of a whole range of data from market information to sales transactions
- Includes built-in templates designed to manage complex and intricate budgets
- Fast load times for efficient data processing
- Favors one system for input and analysis, promoting streamlined processes
- Empowers scenario planning and delivers reliable data-driven calculations for different assumptions
- Upholds good governance and control measures
- Continually connects the business to budget performance
- Robust reporting capabilities