Performance Canvas Financials is a revolutionary platform for financial reporting & analysis, budgeting & planning, consolidation, and KPI management.
It reduces time spent on budgeting by financial teams through its out-of-the-box modules.
It uses intelligent workflows and automation methods to eliminate errors that come from manual entries and unsynchronized parallel tasks.
The best part about it is you can start small and gradually extend your package as you understand more what your business needs.
The tool is designed to grow with your business. For example, if you have recently acquired a new company, it is possible to get consolidated reporting using mapping from the legacy to the new chart of accounts. This can also apply to historical data.
You will begin to see the real wonders of the tool as your business grows in size and complexity.
The add-on packages of Performance Canvas Financials are:
Advanced Financials Pack
The Advanced Financials pack covers the following functionality areas:
- Accounts Receivable, Accounts Payable
- Short term cash flow
- Drill down to details
- Enhanced Financial Consolidation
Sales estimates usually becomes too difficult to generate if a company has a large number of products. It usually has to be aggregated into smaller number of product types or regions to make it more manageable. However, presenting the sales budget annually provides very little actionable information for the decision makers.
This Sales Budget module supports a more intense product and service differentiation. It also aims to enhance customer service, reduce operational costs as well as streamline the forecasting and budgeting for Sales.
The automation of the collection and analysis of sales information improves the timelines, ensures that sales managers make more accurate sales forecasts at a given period, and allow these decision makers to see real-time the impact of their decisions on the budget and the business.
Sales budget module affords you complete visibility in the entire sales process while reducing the significant staff time spent on gathering important sales information.
- CRM data collection
- Sales and revenue forecasting
- Sales price, sales cost, quantity, margin calculations
- Sales revenue analysis
- Sales reporting
- Driver by account manager or any other dimension
- Margin calculations
- Quote to cash sales analysis
- Departmental driven and company independent with multi-currency
- Support various forecasting methods
The core of the Profitability analysis add-on module is to answer business questions that relate to the overall profitability of the organization. It does so by making virtual allocation postings into a special member of the business process dimension which will make it possible to get a fully multi-dimensional allocated report across a multi-company and multi-currency organization. Through the advanced account mapping features, it is possible to do so even if the account and project numbering is inconsistent in your organization.
The insight gained in Profitability Analysis will aid you in determining the strategic direction as well as in correctly setting your assumptions in your budgeting and planning process. For budgets, this functionality is possible to apply in any scenario. These key performance metrics can be further used to quality assure your budget figures and test them for validity.
Questions like these can be answered with this module:
- Who are your 10 most profitable customers?
- What are your 10 least profitable products?
- What is last year´s most profitable project in the group (across legal entity boundaries)
Additional Legal Entity
This adds 1 additional legal entity to Performance Canvas Financials allowing you to start small then once you’re comfortable, you can add more entities to suit your needs.