Business performance software is designed to speed up the financial process, such as reporting, budgeting and analysis. These tools can be utilized on-premises or in the cloud and enable organizations to save time by automating data collection and analysis tasks with workflow tools, a unified set of data and customizable dashboards and reports. Some also allow teams to communicate their findings, which can accelerate the discovery of solutions based on data and improve collaboration between departments.
The tools are designed to aid managers develop strategies to help the company achieve its goals. These analyses can be made in any format that is helpful for the decision maker such as a simple spreadsheet or more advanced information visualisations.
There are a variety of tools available but not all fit your needs. You should choose a tool that is scalable and able to adapt to the evolving needs of your business over the long-term. If your company expands to 200 employees, the tool will need to be able to adjust to these new requirements. Some integrates also allow you to easily connect the software with your existing work systems, which will further streamline your processes and increase efficiency. If you have any questions or concerns please reach out to us and we'll be more than happy to help.