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deFacto: Global High-Performance CPM Is Redefining the Role of Enterprise-Quality FP&A Tools
In today’s environment, businesses of every size need to process and analyze higher volumes of data, more quickly and accurately in order to make better decisions. High performance, enterprise-quality Corporate Performance Management (CPM) is opening the door to providing more comprehensive and realtime analytics across the enterprise. It expands the traditional forecasting, planning, and analytical (FP&A) capabilities within finance and extends CPM’s decision support analytics to LOB operations, thus enabling the more effective synchronization of business’ operations and better overall performance using a CPM single product.deFacto Global (based in Ridgefield, CT) offers deFacto Performance Management, an enterprise-quality CPM that is packaged and priced for companies of any size. deFacto is a Microsoft-centric tool that unifies budgeting, forecasting, consolidation, analysis and reporting in a single product. It empowers companies to drive planning processes with the ability to perform real-time analysis. The solution goes far beyond usual slicing and dicing of data to allow nearly instantanalysis and reporting of financial and operational data. “Best of all, deFacto is designed to be administered by business users who can build and manage their own financial models, manage user security and more,” says Bob Bedard, President and CEO, deFacto Global.
By supporting native integration with industry-standard Business Intelligence (BI) and dashboard tools like SharePoint, Tableau and others, deFacto seamlessly complements any BI strategy designed to meet the analysis and reporting needs of any organization. It also comes with pre-built Extract, Translate, and Load (ETL) connectors to a wide range of ERP and back-end systems, including Microsoft Dynamics ERP and CRM, Oracle, SAP, JD Edwards, IBM DB2 and more.
“The best managed organizations work from a single version of the truth, clearly understand their business reality, and make accurate
and timely decisions based on financial and operational facts,” says Bedard, upholding company’s namesake—deFacto, which means from truth, fact or reality. deFacto differs from its competitors in a number of ways, including utilizing “intelligent caching” to support very high processing speeds. Clients have found reduction in processing times from hours to minutes using deFacto in place of Corporate Performance Management tools offered by the Big Three. In addition, deFacto can scale tosupport a handful of users to hundreds or more with better performance. deFacto’s client list includes Fortune 1000 firms to mid-sized organization. Andthe company acts as full service partner, supporting its clients through the entire process of decision making to implementation to support.
deFacto has enabled companies to achieve significant improvements, an example being a major U.S. telecom company whose financial planning and forecasting system was unable to handle its increasingly large volumes of data, which resulted in complex issues. After researching potential alternative solution, the company chose deFacto because of its unique ability to provide scalability, interoperability, accuracy, reliability, data management capabilities, and an Excel interface. The change has been dramatic—including an overall performance improvement of 1,000 percent, enabling the client to perform analyses that were never before possible.
“We help companies of all sizes operate like the world’s top performers by measuring and managing financial and operational performance accurately, simply, and quickly. Although the business operations may differ for each customer, the way they are achieving their goals is the same,” says Bedard.
From Fortune 1000 firms to middle market companies, deFacto is the performance management tool of choice
deFacto has enabled companies to achieve significant improvements, an example being a major U.S. telecom company whose financial planning and forecasting system was unable to handle its increasingly large volumes of data, which resulted in complex issues. After researching potential alternative solution, the company chose deFacto because of its unique ability to provide scalability, interoperability, accuracy, reliability, data management capabilities, and an Excel interface. The change has been dramatic—including an overall performance improvement of 1,000 percent, enabling the client to perform analyses that were never before possible.
“We help companies of all sizes operate like the world’s top performers by measuring and managing financial and operational performance accurately, simply, and quickly. Although the business operations may differ for each customer, the way they are achieving their goals is the same,” says Bedard.
