There are so many business budgeting and planning software options in the market that it is tough to cut through the noise.
There´s Adaptive Insights, Anaplan, Prophix, Performance Canvas Financials, Host Analytics, SAP BPC, to name a few established ones.
The predetermined length of this article can´t cover all of these options in the market, but what we can do is try to explain to you how Performance Canvas Financials is being used by its customer base today in the hopes it will help you in your decision-making process.
Performance Canvas Financials is a real gem for business budgeting and planning. You can use Performance Canvas Financials in your organization where your department owners input their budgets, and your finance team reviews it. Then they create monthly or quarterly forecasts based on actuals that are in Performance Canvas Financials. Arguably all of Performance Canvas Financials users also use this solution for their variance analysis and their income statement analysis.
It is worth mentioning Performance Canvas Financials is usually used heavily by finance users as they perform analysis and squeeze critical business insights out of their raw figures.
A few of the reasons why Performance Canvas is a trusted business budgeting and planning software are:
- Easy-to-use Excel and Web Interface
Performance Canvas Financials have the best of both worlds.
It has advanced web features that are ideal for business users like your department managers that have to input their figures. At the same time, it has an excel plug-in that is appreciated by advanced users like your finance staff.
Both excel and web are user-friendly, so it is not a struggle to use and adapt as a solution.
Also, because it has native excel capabilities, you can use the newest formulas and functions as well as macros without being limited.
- Business Rules or Process Mapping in the server maintaining Superior Performance
One of the main advantages of Performance Canvas Financials against its competitors is its performance.
First, it doesn´t matter if you have to load large volumes of data into the system – the performance will remain the same.
If you look into the competitors of Performance Canvas Financials, you will quickly discover that soon as you start having a significant amount of data in your database, your performance is dramatically slowed down.
With Performance Canvas Financials, that is not an issue at all. You won´t have to lower your requirements as the system is built to support large volumes of data from the ground up.
Second, you can have several data sources, allocations/calculations that will require a lot of data power, and Performance Canvas Financials will have no issue handling it.
In contrast to business budgeting and planning software that put business rules or logic in Excel, their performance tends to slow down significantly as the data volume and data power need increases. You will never run into the same issue with Performance Canvas Financials.
- Workflow / process-driven for a more efficient way of working
The reason why Performance Canvas Financials can help streamline and optimize the entire budgeting process is that it provides users a better idea of working. You can use all of the features and functionalities in Excel while having a clear workflow and approval process throughout that can be managed on a department level.
You can predetermine your distribution cycle for spreadsheets, including managing the review process, which includes full auditing capabilities.
Performance Canvas Financials is well suited for organizations that use spreadsheets for data collection and aggregation. It is especially useful for organizations with moderately complex to highly complex budgets.
It is a business budgeting and planning software that allows you to perform complex calculations required by the business in a familiar interface – Excel.
Above all, the things that are often not talked about where Performance Canvas has the edge over its competitors is its performance and stability. Some established brands have very talented marketing and salespeople that can promise you the moon and the stars. Still, once you start using them, you quickly realize you are missing that speed, performance, and stability you usually would expect for a relevant solution as this.
With Performance Canvas Financials, speed, reliability, performance, and stability have been put at the forefront of what we do.
Curious about this solution? Instead of us talking, why don´t you experience the performance and stability of this solution yourself by availing of our 30-day no strings attached free trial?