If you are an accountant, an analyst, a finance manager or a CFO, the words budgeting and planning or closing of the books might send chills down your spine.
Hearing words that relate to financial planning & analysis might bring back memories of long overtime hours, painful, tedious, and manual tasks of data collection, budget creation, data verification or horrible memories of having to start from scratch because your spreadsheets hung up or the numbers don´t add up due to formula errors.
Financial planning & analysis is a process that is not achieved with ease for many finance departments. It is a process that is sadly often associated with errors, difficult questions to answer, pointing fingers, frustrations or nervewrecking deadlines.
However, as an accountant, analyst, finance manager or CFO, no matter how painful this process may be, you know it must be done. It is a necessary evil to be dxqealt with one way or another.
Performance Canvas is a complete FP&A software that can be installed and setup in as fast as 5 minutes. After 5 minutes, you get actuals, budgets, and live forecasts immediately. Performance Canvas is an intuitive FP&A software that is meant to relieve the agony of financial planning & analysis.
Below are the 7 signs this FP&A software might be the right fit for your finance department.
- You still manually struggle with FP&A in your Excel Spreadsheets
If you are still wrangling spreadsheets and dealing with all the painful, manual tasks of collecting data, verifying information, tracing figures, creating budgets and reports manually and then emailing versions back and forth, Performance Canvas is the right solution for you.
Performance Canvas is a complete FP&A software that promises to remove the agony of FP&A by streamlining and automating the entire process.
Creating reports from scratch can now be done in just a few minutes; making sure you are working on the latest version can now be checked with just a button; comparing actuals vs budgets can now be done instantaneously; and looking at what tasks are pending or what tasks have been submitted can now be done with just a single click of a button.
- You want an FP&A software that is not hard to install, learn, use, and maintain
As someone that works in the finance department, you know it is quite difficult to find a tool that everyone can accept and easily adapt to. You know that it is important that the tool doesn´t take too long to install and learn because every minute not used for budgeting, reporting, consolidating or analyzing is an opportunity lost for your business.
Performance Canvas can be deployed in the cloud in as fast as 5 minutes. It uses MS Excel on its front end so that finance users like yourself will find it familiar and easy to navigate. If you also want to upgrade it by adding more modules like HR module or project planning module, it is easily done.
Lastly, you don´t need the IT team to maintain this FP&A software for you. It is a solution that is designed to be used and maintained solely by the finance department.
- You want the ability to apply the latest trends such as driver-based budgeting, live forecasting, activity-based budgeting, what-if analysis, and more
Performance Canvas is a complete FP&A software that helps finance users improve the entirety of their process by incorporating best practices in budgeting and planning, reporting and analysis, financial consolidation, and metrics management.
Performance Canvas prides itself in constantly keeping abreast of the latest trends in the FP&A arena so that these best practices are constantly and consistently applied in the solution for the benefit of its users.
Do you want the ability to easily do allocations? To budget by product or cost centre? To do multiple what-if analysis? Or to test multiple assumptions? All that and more are possible with Performance Canvas.
- You don´t want to worry about system security
One of the most important questions that you might worry about is security. With cyber attacks just waiting to happen, you can never be too complacent.
Performance Canvas has multiple layers of security – on server level, on excel level plus the stringent role-based security applied per user. There is no going around the layers of security used in Performance Canvas.
- You want a complete FP&A package
Gone are the days when you needed a specific/dedicated software for each financial function. Today, select FP&A software are now capable of providing a single and unified FP&A platform that can deliver each aspect of FP&A in equal, robust measures.
Performance Canvas is one of the very few software that can deliver accurate and reliable reporting & analysis, smart & intuitive budgeting and planning, automatic financial consolidation & highly accurate KPI tracking and analysis.
It is truly a complete FP&A package that allows you to model your business into it so that the software makes sense to your business.
- You want the option to deploy in the cloud or on premises
If you or your finance department is still hesitant about migrating fully to the cloud, Performance Canvas allows you to run FP&A in the cloud while integrating it to your on premises ERP system.
If you want to run both ERP and FP&A software in the cloud, you also have that option with Performance Canvas. The choice is completely up to you and what makes most sense to your business.
- You don´t want any ridiculous subscription or perpetual licensing prices
No matter how good a software is, if the prices are beyond what your finance department can afford, there is no use talking.
Performance Canvas´ goal is to take FP&A to the internet world. Being able to afford the subscription or perpetual license should be the least of your concerns because Performance Canvas offers one of the most competitive pricing in the market.
There are 1, 12, 24, and 36 months subscription options depending on what works best for your business. You can be guaranteed that there will be no unpleasant surprises in pricing with Performance Canvas.
DSPanel offers cutting edge technology platform for business analytics, planning, and visualization. DSPanel designs, builds, and operates with the end users in mind. Performance Canvas was created by DSPanel to answer the unarticulated needs of the market not addressed by previous available solutions. With Performance Canvas, information is transformed into valuable business insights for the business executives to utilize in their decision-making process. DSPanel currently has over 2500 organizations deploying their solutions.