Overview

Phocas Budgeting and Forecasting is a cloud-based financial planning and analysis solution designed to replace static spreadsheets with dynamic, collaborative budgeting, forecasting, and planning workflows. It connects directly to ERP and operational systems to consolidate financial and non-financial data into a single planning platform. Users can build budgets and rolling forecasts in familiar worksheet formats, assign workflow tasks, control permissions, and see real-time updates across plans, enabling faster, data-driven decision-making and reducing version control issues typical of manual processes.

Detailed Features and Capabilities

• Real-Time Collaboration: Enables company-wide input with secure, workflow-based task assignment, submission, and approval processes so contributors work in one central system with full history tracking.
• Flexible Budget Models: Offers driver-based and multi-scenario budgeting tools that integrate sales volumes, workforce costs, inventory, and other operational drivers into financial planning without complex formula errors.
• User-Friendly Worksheets: Provides intuitive budgeting worksheets that behave like familiar spreadsheet formats while eliminating version control problems and enabling commentary and context directly in cells.
• Rolling Forecast Capabilities: Supports easy re-forecasting and rolling forecasts that incorporate current-year actuals to highlight cashflow peaks, performance trends, and variances.
• 3-Statement Planning: Automatically links profit and loss with balance sheet and cashflow forecasts to deliver a complete financial view and support confident business planning.
• Data Integration: Consolidates financial and operational data into a single platform with scalable cloud performance, reducing manual data handling and ensuring a single source of truth.
• Security & Permissions: Provides enterprise-grade access control and visibility settings to protect sensitive budget and forecast data while enabling broad participation.
• ERP Connectivity: Includes prebuilt connectors to major ERP systems such as NetSuite, Sage, SAP, and Epicor to ensure seamless data flow and planning accuracy.
• Audit Trail & History: Maintains workflow histories and audit logs to track changes and document the rationale behind budgeting decisions, improving transparency and accountability.