Konsolidator adds budgeting and planning to its software
Press release n° 13-2022
Copenhagen, September 28, 2022
Consolidator adds budgeting and planning at their Software
Consolidator entered a Partnership agreement with the Australian software company, Phocase Softwaredeliver a budgeting and planning complement for Consolidator®. This means that Konsolidator has chainengthenD his Software by adding anot intuitive and modern tool this replaces spreadsheet basedbudgetingand planning with a standardized solution, just like Konsolidator replaces spreadsheet-based consolidation.
With this software extension, customers can streamline and automate their budgeting, planning and consolidation with a state-of-the-art cloud solution that supports all Three heart treatare in group finances.
Konsolidator aims to use cloud-based add-ons and integrations to bring together different types of software that perform specialized functionality in different business areas to give customers more operational capabilities and increase the value of Konsolidator®.
Phocas is Konsolidator’s third add-on® which already includes EasyX and Leasify.
An important part of Konsolidator’s strategy”youbend the potential” is to provide value-added applications in addition to Konsolidator to meet different customer needs without changing the core of the software. This means that Konsolidator can now reach customers who need budgeting and planning capabilities in combination with consolidation and expand the target group.
Konsolidator expects 5-10% of its current customers to employ Phocas, which will contribute to higher growth.
Strategically, Phocas is also an element of improvement of the important SaaS metric “Net Retention”.
Full-year forecasts will not be revised.
A Partnership agreement with international potential
Phocas is sold internationally through independent partners, which provides an opportunity to enter new markets since both software are country independent, based on the same technology and easy to integrate and integrate.
CEO Nils Mandrup, Integrator – distributer of Comments from Phocas:
“Consolidator® and Phocas complement each other perfectly with different cloud solutions for spreadsheet-based consolidation, budgeting, and planning. Both systems handle large datasets a lot better and faster that Excel and integrate easily with current business operationsWhy we see great potential in thisis Partnership delivery important value for our customers.“
CEO at Konsolidator, Claus Finderup Grove comments:
“In combination, Consolidator® and Phocas are a strong the solution for the group’s finances, as we can deliver on After extensive operational and financial abilities. This allows us to to attract New customer segments and increase Konsolidator value with simple supplements”.
Konsolidator A/S is a financial consolidation software company whose main objective is to improve group financial managers worldwide through automated financial consolidation and reporting in the cloud. Created by CFOs and auditors and powered by innovative technology, Konsolidator takes the complexity out of financial consolidation and empowers the CFO to save time and gain actionable insights based on key performance data to become a essential for strategic decision-making. Konsolidator was listed on Nasdaq First North Growth Market Denmark in 2019. Stock code: KONSOL