Many organizations today have to learn how to deal with economic uncertainty amidst changing market conditions. Thus, many companies and their finance teams turn to financial modeling to make performance forecasts and protect their business for the future. But how important is financial modeling, and what makes PCF Cloud any different from all other FP& A solutions?
Financial modeling is necessary for company valuation, budgeting, performance forecasting, and capital allocation. Any organization that is aiming to grow its business must have a capable financial modeling software or tool that can help steer them on the right path in winning their game plan for the year.
Here are a few reasons why PCF Cloud is the software of choice in financial modeling.
Consolidated Reports Lead to Data-Driven Insights
Financial modeling forecast financial results based on historical data, but to make accurate forecasts, finance departments first need accurate data to guide them. The lack of data transparency and accuracy continues to be a struggle for many finance teams. Many of them still struggle with excel spreadsheets for their finance models, which often equates to bad data links and errors. Although you can create good financial models with excel, at some point, you can’t vouch for data integrity and accuracy at all times.
Performance Canvas allows your company to harness data to make valuable business insights to make critical decisions. It standardizes data input and automatically validates your data for you to ensure quality and accuracy. On top of that, PCF ll will enable you to quickly look at historical data and compare that against your actual data. With it, you can identify trends in the past and emerging trends on the horizon, so your business is better equipped to respond.
Finance teams can also apply business rules or business logic to their models to optimize them.
Simple and Easy to Use
The importance of ease of use of a solution is often underestimated until it comes down to actually using it.
Cloud PCF in every sense of the word is easy to use, even for users with no technical know-how. PCF was primarily created with business users in mind.
It has a drag-and-drop work environment that makes it easy for users to build and view models. While PCF Cloud still supports excel, users get to enjoy easy reporting capabilities that ensure they never have to trace broken links and mind-boggling data formulas.
Performance Canvas’s financial models are easy to read and understand with helpful and interactive dashboards to work with. PCF Cloud users can conveniently slice and dice their data, conduct drill throughs, do what-if, cause and profit analysis, test assumptions, and many more.
Robust Automated Integration Capabilities
Cloud PCF stands out among all other financial modeling tools because of its robust integration capabilities that support automated data imports and extractions to on-premise or cloud ERP software.
You get native integration with a variety of ERP systems such as Epicor ERP, iScala, Enterprise, MS NAV, MS AX, MS GP, and many more. You can also add any data source, and PCF will support it.
Reasonable Pricing for World-class Planning and Budgeting
PCF Cloud provides organizations with a configurable solution that is tailored to fit their unique business needs, which includes having features that are not available in other finance solutions.
With tailored and customized solutions, organizations can choose from reasonable and predictable pricing for their preferred package, so they can choose to get the features that best address their needs.
PCF Cloud proves that you don’t need huge capital expenditure investments for world-class quality solutions. With Performance Canvas, finance and accounting teams can take advantage of a fully integrated solution that does not require any other hardware investments. Because it exists in the cloud, users can access that data they need from anywhere while being assured of robust security for data protection.
Better Accountability with Role-based Access
With PCF Cloud, finance teams can take full ownership of their data. They also get multi-layered security to restrict access to sensitive information according to preset rules on positions and roles. Teams get complete transparency and enjoy improved accountability throughout their reporting, planning, budgeting, and forecasting process.
Easy Updates and Software patches
Another advantage of a cloud budgeting software is that security updates frequently come, which means teams will get ready access to software patches to address bugs and errors without asking for it. Finance teams will continue to get top-notch performance when they’re assured they always have the latest version of the software.
Why PCF for Financial Modeling
Performance Canvas Financials is a cloud FP&A software that allows you to build smart financial models that are relevant today. It delivers full financial reporting, planning, budgeting, performance management, and consolidation capabilities that can easily complement your existing ERP or can be combined with your line of business systems. It is easy to use while still supporting more complex business needs to continue to support future plans and innovate.
If you need a financial modeling software that’s well suited to adapt to your business’s changing needs, explore what PCF cloud can offer you today.
