BARC Recognizes Phocas’ FP&A Software in Global Planning Survey
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Key Takeaways
⇨ Phocas has distinguished itself in the BARC 'The Planning Survey 24', solidifying its presence in the FP&A domain through its business intelligence (BI) software.
⇨ BARC, a leading analyst firm for data and analytics and enterprise software, conducted its Planning Survey 24 from November 2023 to February 2024, and evaluated user feedback based on 33 key performance indicators (KPIs), which include metrics related to Business Benefits, Project Success, and Customer Satisfaction.
⇨ Phocas secured the first position in several key performance indicators (KPIs), with 8 top rankings and 26 leading positions across three peer groups, thereby outperforming established competitors in the FP&A software sector.
Phocas has established itself as a prominent player in the FP&A domain, as highlighted in BARC’s ‘The Planning Survey 24’. This survey, conducted between November 2023 and February 2024 with 1,272 participants, evaluated 21 products on 33 KPIs, including Business Benefits and Customer Satisfaction. Phocas excelled, securing top positions in multiple KPIs and leading in user-friendliness within the ‘Integrated Products for Planning and BI & Analytics’ peer group. Its robust BI foundation supports comprehensive financial planning, reporting, and analysis, which is highly adopted across organizations, with 27% employee usage compared to the average 10%. Phocas’s integrated suite—covering Analytics, Budgets and Forecasts, Financial Statements, and Rebates—caters to mid-market sectors like manufacturing and retail, ensuring dynamic budgeting and real-time performance comparison. This integration eliminates the need for additional BI solutions, fostering better collaboration and performance understanding across business segments.
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