In an era where data-driven decisions are the driving force, businesses that rely heavily on using SAP Business One are poised for an evolutionary jump. The ERP’s integration with Phocas is delivering a boost in performance that business users are praising.
As the business world focuses on the fusion of Business Intelligence (BI) and integrated planning, this new technology can elevate efficiency to unprecedented levels and provide a competitive advantage.
SAP B1 users now have the potential to redefine their business operations with the right tools to take them forward. Data insights and financial planning are no longer merely valuable – they’re mission-critical for modern businesses.
Almost 100 SAP Business One companies have integrated Phocas Software with their ERP to allow access to more data sources for use in connected planning.
Business data stored in SAP B1 and other systems can be consolidated and used for analysis as well as for the creation of financial statements, budgets, rolling forecasts and rebate program management. The tailored BI foundation ensures that SAP B1 users will always have access to up-to-date data, making financial statements dynamic and offering easy comparisons with budget numbers.
Phocas is dedicated to creating BI-based software for integration with ERP systems like SAP B1. By applying business intelligence power to the creation of financial reports, budgets and forecasts, Phocas can address these issues effectively.
When finance teams need to manually incorporate other business data into financial statements, these reports take much longer to produce. As a result, key industry or business-specific metrics are often not included, which means businesses are not measuring some important aspects of their business or incorporating relevant data into the budget process.
Myles Glashier, CEO and founder of Phocas, who has more than 20 years experience working with ERPs and BI, said: “Many SAP customers tell us that they can now choose a budget style that works for them and get more buy-in across the company. For example, a sales-based approach allows for sharing assumptions about non-financial data and running various budget scenarios. Budgets can be regularly compared to actuals helping more people, especially those working in sales, reach their targets or address gaps or opportunities faster.”
When integrating SAP B1 and Phocas business planning and analytics, companies can access a living financial compass to steer their businesses forward.
