-- Phocas Software's budgeting and forecasting solution brings critical
     financial processes into the modern age, empowering teams to adjust to
     unpredictable market conditions and update budgets in real-time. 

Business owners and CFOs are reconsidering their traditional ways of budgeting 
and reporting due to the unprecedented business conditions of 2020 and 2021. 
Business leaders want to understand financial performance and stay on top of 
cash flow in real-time. Recognizing the shift, Phocas has released a new 
budgeting and forecasting ( 
https://c212.net/c/link/?t=0&l=en&o=3101320-1&h=2997362602&u=https%3A%2F%2Fwww.phocassoftware.com%2Fsoftware%2Fadd-on%2Fbudgeting-and-forecasting&a=budgeting+and+forecasting 
) solution for mid-market businesses that brings these critical financial 
processes into the modern age, allowing finance teams to create budgets in a 
live environment.

Phocas Budgeting and Forecasting with built-in forecasting helps finance teams 
( 
https://c212.net/c/link/?t=0&l=en&o=3101320-1&h=2105637437&u=https%3A%2F%2Fwww.phocassoftware.com%2Finsights%2Frole%2Ffinance&a=finance+teams 
) estimate a company's future revenue by reviewing past financial, sales and 
purchasing information at a granular level. 

Success for mid-market businesses - today - is watching the numbers. Budgeting 
and forecasting are traditionally a once-a-year undertaking because of the 
required time and resources, but it doesn't have to be, according to Jay 
Deubler, President of Phocas America.

"Phocas cloud-based Budgeting and Forecasting makes critical financial planning 
processes easier," said Deubler. "Our goal is to make budgeting more dynamic 
and live on a monthly basis, rather than as an annualized event. Executives and 
business leaders can use Phocas to quickly pivot and drive on-the-fly 
micro-adjustments throughout the year as social, economic and business 
environments change."

Phocas Budgeting and Forecasting allows finance teams to combine disparate data 
and budget from one source of information. Phocas protects the integrity of the 
legacy data while giving other budget stakeholders the freedom to manipulate 
and share financial information ( 
https://c212.net/c/link/?t=0&l=en&o=3101320-1&h=156846159&u=https%3A%2F%2Fwww.phocassoftware.com%2Fsoftware%2Fadd-on%2Fbudgeting-and-forecasting&a=financial+information 
), helping everyone to better understand the numbers and be more accountable. 

Other key features of the new budgeting software include:

  -- built-in workflow tools allow subject-matter experts to engage in the
     process 
  -- worksheets help navigate the budget, add commentary to cells, and provide
     visibility to other users' changes in real-time. 
  -- access to non-financial and operational data already in ERP or other
     transactional systems to facilitate driver-based planning.

The self-service add-on solution to Phocas Business Intelligence (BI) and 
Financial Statements ( 
https://c212.net/c/link/?t=0&l=en&o=3101320-1&h=1139196426&u=https%3A%2F%2Fwww.phocassoftware.com%2Fsoftware%2Fadd-on%2Ffinancial-statements&a=Financial+Statements 
) software integrates with various top ERP systems, including Acumatica, Infor, 
Eclipse, IFS, Microsoft, Oracle and SAP. 

Billy Hart, Group CFO for HG Group, was part of Phocas Budgeting and 
Forecasting's development and initial testing.

"We were looking for a faster and simpler way to budget to replace 
spreadsheets," said Hart. "The first impression with Budgeting and Forecasting 
during testing and working with the Phocas team was enlightening. We believe 
Phocas will help us implement the great game of business methodology within HG 
Group, getting more of our team engaged with budgeting, forecasting and 
understanding 'the financials,' - the true language of business."

For more information, visit www.phocassoftware.com 

About Phocas
Phocas Software (www.phocassoftware.com) provides a company-wide and 
industry-matched SaaS data analytics solution. Phocas makes it easy to drill 
down from high-level visual summaries into the underlying data and arrive at 
insights to make better decisions in manufacturing, distribution and retail 
businesses.

Phocas provides a consistent user experience centered around simplicity, 
usability and performance. From day one with Phocas, users get tracking and 
reporting on essential KPIs and metrics that are specific to role and industry. 
Users can also add custom measures, dimensions, dashboards and scorecards to 
meet the unique reporting needs of their businesses.

Phocas raised $45 million in 2021 to continue to add predictive analytics ( 
https://c212.net/c/link/?t=0&l=en&o=3101320-1&h=833987394&u=https%3A%2F%2Fwww.phocassoftware.com%2Fphocas-analytics&a=analytics 
) to core products and build value-add financial solutions for modern finance 
teams.

US media, Kevin Wilson, kevin.wilson@phocassoftware.com
International media, Katrina Walter +61 402-703-708

SOURCE: Phocas Software