Elevate Insights, Accelerate Success: Understand the past, operate better today, and plan well for the future
Business entities across diverse industries, such as finance, healthcare, marketing, and technology, widely employ Business Intelligence (BI) Data Analysis. This strategic approach aids in gaining insights into customer behavior, optimizing operations, enhancing products and services, and facilitating data-driven decision-making.
Phocas
Phocas is a software specializing in business intelligence and data analytics. It equips organizations with tools to analyze and visually represent their data, enabling informed decision-making based on actionable insights. Phocas is frequently utilized for tasks such as business reporting, performance monitoring, and data visualization.
Key features
Leverage the Phocas analytics platform to gain unparalleled insights into ERP data, establish targets, and formulate business strategies. Proactively evaluate risks and plan for the future using user-friendly analytics tools and visualizations to steer your direction.
- Functionality
- Ease of use
- Support
- Cost
- Integration
Functionality
How will this tool help your business? At a fundamental level, good FP&A software should allow your team to set and track goals, create dashboards and generate reports. But how does the software assist your team in streamlining work, or arriving at important insights quicker?
Ease of use
The overhead required to onboard new software should not be taken lightly. Particularly with software which needs to be used at the heart of decision making across the business. Key to the most successful implementation of FP&A software is the ability for a variety of users across the business to adopt and support their own reporting and analysis needs.
Support
Good support from the vendor can make a big difference in terms of getting the most out of your analytics platform and ensuring that any issues are quickly resolved. Also think about the different ways in which your team might like to learn. Is there documentation? Video tutorials? Are they easy to contact for help?
Cost
Not least important is price. The cost of integrated BI software should consider the time, and implementation as well as ongoing subscription costs. The costs should be weighed against the productivity gains as with any software consideration.
Integration
The platform should be able to integrate with a wide variety of other software and data sources. Otherwise, you’ll still end up with data stuck in silos. It’s also essential that your integration plan is well laid out to ensure you retain data integrity. You will want to find a vendor who not only has great software, but a great team with proven experience in successful implementations.