If you have not heard of Performance Canvas Financials, let us start by saying it is a complete CPM / FP&A solution that takes away the need for so many Excel spreadsheets when doing financial reporting, budgeting & planning, and fiscal consolidation.
For those that are market-aware, Performance Canvas financials has been a solution of choice for organizations where Excel is primarily used as a budgeting and reporting tool. It is a cloud-based solution that will afford your organization a smoother process, particularly when your business units are spread out and not in the same internal network.
The happiest customers of Performance Canvas Financials are those that have multiple units that need to be budgeted regularly. Performance Canvas Financials has proved to be beneficial, especially when each entity is responsible for its budget using assumptions that are driven by corporate. Usually, at the end of the process, all these have to be pulled together.
Because Performance Canvas Financials is one database, there is no need to sort of pull data together because the consolidation is automatic. In cases where corporate makes structural changes impacting everyone or specific units, these structural changes are quickly done, and it flows through historically without any added effort.
If you have used Excel for budgeting and reporting, you most likely are aware that digging into numbers, changing some, or even rolling them up is just a total nightmare. With Performance Canvas Financials, all these are rather effortless. It has drill-down, up and through, it has drill to journal details, investigate feature, and more.
The most significant benefit of Performance Canvas Financials is that for an organization that uses complex Excel spreadsheets for their many departments, Performance Canvas Financials takes these complex spreadsheets and incorporates them into a clean and pragmatic setup incorporating all of the standards and assumptions so that you, as an end-user, only need to input data once and the rest flows through smoothly and correctly into the budget sheets for analysis.
Do you want to hear more specific cases about how customers use Performance Canvas Financials today? Please email us at firstname.lastname@example.org so we can show it to you via the live demo, or we can arrange for you to talk to one of our existing customers, so you hear it directly from them. Visit www.performancecanvas.com for more information.