Frequently Asked Questions
- What exactly is Performance Canvas Financials?
Performance Canvas Financials is today´s latest and modern unified platform for Business Intelligence, Performance Management, and Advanced Analytics.
It has two deployment options – on premises or cloud. Both options are complete Financial Planning & Analysis options designed to streamline and automate the entire FP&A process of your organization.
- What are the capabilities included in the Performance Canvas Financials?
Performance Canvas works as a unified FP&A platform that delivers best practices through pre-packaged finance logic. This includes Cash flow, CAPEX, and many more.
While Performance Canvas offers robust capabilities for reporting & analysis, budgeting & planning, financial forecasting, financial consolidation, and BI capabilities, the choice of which ones you want to deploy is on you.
These functions are available upon purchase and you can decide if you want to use them or not. You may also just start with budgeting and planning if you wish and add the reporting functionalities later once you have gotten more comfortable.
This FP&A solution has native Microsoft Excel as a user interface which allows you to leverage your skills towards easy software championship.
- What is the target company size for Performance Canvas Financials?
It is ideal for small to large companies wanting to improve their FP&A process. The solutions can be packaged as a basic or extended version depending on your organization´s needs and resource availability.
- How long does it take to implement?
The cloud version of the product takes 5 minutes to install and setup.
The on premises version of the product takes 40 hours or less to implement.
- Does Performance Canvas Financials manage different access level for each user?
Yes, you get to decide who gets to access what through its role-based user access. This feature enhances confidentiality of information within the organization.
- Is it possible to integrate Performance Canvas Financials with Salesforce?
Yes Salesforce is easy using Excel. It can be fully automated and we have multiple ways of doing integration. The ETL (Extract Transform Load) interface can be extended.
- Could we have breakdown views on the reports?
When the dimensions are added to your business model you can have all of them easily. The model is open to change and you can create your own dimensions.
- Is it possible to customize report with other metrics (SaaS metrics)?
You can use any metric you prefer. All reports are delivered as templates and can be changed. You can also create new reports from scratch using the drag and drop report wizard.
- Is it possible to have multiple currencies within the same budget as different line items?
Yes, the tool can handle multi-currencies and multi-companies.
- Can the dashboards collect non-financial data?
Yes, the system can handle all kinds of numeric data (not only financials). It can also handle text comments attached to the numeric data.
- What is the billing model?
There are several options. One is through perpetual license with a maintenance fee and second is through subscription model depending on how the tool is installed.
For cloud, you have 3 options for subscription : monthly, 6 months, 12 months or 24 months.
- Can I request for a free trial?
Yes, absolutely. We offer a free 30-day trial for the cloud option.
For the on premises option, we can offer a 30-day trial as well but the consulting fees for installation and setup is not free. However, should you choose to continue with the solution after 30 days, the consulting you initially paid for is deductible in the entire deployment.