Excel has been an easy and go-to solution for most business professionals’ various tasks, both financially-related or otherwise. Over the years, many of its users have started to feel hampered over its lack of transparency and limited collaborative features.
With the emergence of more cloud solutions that offer advanced features, businesses exploring how to bridge this gap find themselves questioning the best cloud-based financial planning software that will make an excellent replacement for Excel.
Today, we’ll explore why Cloud PCF is a practical choice for your next financial planning and analysis software.
Cut Costs with No Hardware Investments Needed
When it comes to investing in new financial software, businesses often worry about the cost of having to invest in new hardware. With cloud FP&A software like Cloud PCF, no hardware investments are needed as everything can be done on the cloud. Even better, it comes with a reasonable subscription pricing, allowing users to opt for the features they need.
With the ability to opt for features that are not available in other finance solutions, cloud PCF users can choose from different packages that are best suited for their needs. With a robust solution that is jampacked with quality features, cloud PCF is easy to deploy and setup, making it easy for fast-paced organizations to adopt.
Improve Efficiency with Better Insights and Consolidated Reporting
Big businesses that work across multiple markets will need to automate their processes at some point to stay ahead. These businesses need to have ready access to crucial market data to get an authentic feel for their market, customers, and competitors.
With industries innovating at max speed, businesses need reliable data and competitor insights to strengthen their leverage. Cloud PCF streamlines processes for greater efficiency across the company’s operations and supports financial modeling, forecasting, and reporting based on historical data for better transparency.
In the current business landscape, customer experience is vital. Improved cloud FP&A software will allow businesses to transform the customer experience by giving C-suites access to data to learn more and better understand customers. In the long run, this will allow businesses to shape every customer experience, improve their services, and forge lasting relationships with their stakeholders.
When it comes to reports, forecasts, and finance models, Excel spreadsheets are just not known for their trustworthiness. Financial models on spreadsheets are slaves to error-prone formulas, leading to a lack of data integrity. Cloud PCF can help these businesses safeguard their data to consolidate their reporting with greater efficiency and shift their focus instead onto activities that add real value to the business.
Automated Integration with Support for A Variety of ERP systems
Another advantage of working with cloud FP&A solutions is how easy it is to access files on the go. And because it operates on multiple secure environments, users feel safer knowing their data is always backed up on the cloud and not just reliant on their on-premise system.
Cloud PCF’s robust integration capabilities mean it can support an on-premise ERP system as well as a cloud ERP system.
So while a business’s FP&A services may be stored in the cloud, clients with an on-premise ERP system can still use it through a built-in on-premise connector that allows it to connect to that system.
Cloud PCF also supports automated data imports and extractions to a company’s on-premise software. Cloud PCF can integrate with ERP systems such as Epicor ERP, iScala, Enterprise, MS NAV, MS AX, MS GP, and many others.
Cloud PCF: A Cloud Solution Better than Excel
By shifting to a cloud solution for financial planning, budgeting, forecasting, and consolidation, businesses struggling with the limitations of working with Excel spreadsheets will find Cloud PCF to be a more integrated solutions partner equipped with robust features, allowing them the freedom to rely less on consulting.
Cloud PCF is an ideal tool if you want a comprehensive cloud solution that gives you best-in-class reporting, budgeting, forecasting experience.
You can enjoy the automation of the entire financial process with the luxury of fast implementation.
Cloud PCF is the ideal replacement for your outdated Excel system.