SAP users are spending valuable time, effort and money manually sorting their SAP financial and operational data. This kind of process makes it harder to onboard the wider business with the bigger financial picture. When data is spread across different systems, it’s also difficult to make fluid data-driven decisions and businesses are suffering as a result.
But not all hope is lost thanks to SAP + Phocas, an integration which provides SAP customers with a cloud-based solution. The solution integrates with over 200 data sources and is not limited to specific ERPs, MRPs, finance systems or CRMs. Users can consolidate financial and operational information and enable their business to be more data-driven. The integration process can be customized to business needs, with Phocas providing support along the way.
One example of the solution in action is when East Coast building supplier, Trade Supply Group (TSG), used Phocas + SAP to bridge data, technology and culture gaps before, during and after the acquisition of new companies.
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The solution enabled 20-30 percent faster reporting with all ERP data made easily accessible in Phocas.
Nick Aversano, vice president of operations, TSG, said: “All our targets are using Phocas long before they see our ERP, and they are experiencing a lot of ‘Aha’ moments that reduce the concerns of transitioning to a new system.
“Phocas is intuitive and doesn’t require an extensive amount of training, so within an hour of her using Phocas we already provided value and made her job a lot easier.”
Phocas became key to TSG’s integration strategy, allowing the business to pull financial and operations data from the company’s ERP system straight into Phocas for a deep dive into the numbers.
Thanks to automated financial statements software, users can automatically consolidate financial and operational data, create income statements, balance sheets and cash flow statements in a few clicks.
Phocas’ solution means users can leverage pre-built templates, formulas and ratios and utilize self-service reporting to relieve pressure on finance and allow more time for trend analysis. A direct feed of data from SAP and other systems into Phocas saves time and reduces the need to maintain and rework static spreadsheets.
Phocas users can improve decision-making and collaborate more efficiently with finance, sales, purchasing, marketing, IT and the executive team. With an easy-to-use, flexible toolkit, Phocas presents accurate, accessible data streams so that everyone can leverage the same unified source of truth.
