Infor business intelligence made easy

Phocas is a business analytics platform that is built to be as self-service and user friendly as possible. Phocas has been consitently ranked highly for Ease of use and companywide adoption by BARC analytics surveys since 2015. 

When integrated Infor’s industry specific ERPs, Phocas enables companies to manage their operations more effectively in a various ways, such as:

• Powerful business analytics   - Phocas collects and consolidates huge amounts of data from multiple business sources, empowering Infor users with fast, easy access to real-time data within one platform source.
• Custom reporting   - Reports and dashboards are customizable to meet specific business needs and can be created by all users. Insights and metrics that may not be readily available in standard Infor reporting tools can be extracted with ease. Design your own reports that offer a deeper understanding of business performance.
• In-depth analysis   - a unique ad hoc analysis layer, The Grid, enables all users to perform in-depth analysis. Drill down to transactional level and pivot the data in multiple ways such as by customer, branch, product or region.
• High performance   - By integrating your Infor ERP with Phocas, you'll achieve lightening fast loading times, regardless of the volume of transactional data stored.
• Companywide adoption   - a user-friendly interface enables users across all departments to access and analyze their own data, not just IT experts or data analysts. Enhancing collaboration and fast decisions-making.
• All-in-one platform   - Along with a BI Analytics foundation, Phocas offers comprehensive financial planning products that work together smoothly, including Financial Statements, Budgets and Forecasts, and Rebates.

There are several benefits of using business data analysis platform over  Microsoft Excel   or other manual reporting methods:

1. Time-saving: It frees up the finance team from time-consuming reporting tasks by automating entire processes, allowing for faster reporting, consolidation, and customization.
   
   Accuracy: Data is pulled directly into the platform which ensures accuracy and reduces the risk of errors that can occur when maintaining and reworking static spreadsheets.
2. Standardization: It enforces standardization across financial statements, budgets and reports to ensure consistency and enables comparisons across different periods.
3. Collaboration: It enables teams to collaborate and work simultaneously in a secure and auditable environment. This can improve communication and reduce the risk of data discrepancies.
4. Reporting: It provides advanced reporting capabilities, such as customizable templates and interactive dashboards. This makes it easier to visualize data and identify patterns and trends.
5. Security: It provides better security features than Excel, including data encryption, user access controls, and audit trails. This can help protect sensitive financial data from unauthorized access or modification.
6. Customizable: You can add calculations to the statements such as EBITA, margins and ratios.

While Excel can be a useful financial reporting tool, a complete suite of analysis, financial statement and forecasting tools can help businesses streamline their financial reporting processes , improve accuracy, and make better, faster decisions based on real-time data.