Konsolidator adds budgeting and planning to their software

Press release no 13-2022

Copenhagen, September 28, 2022

Konsolidator adds budgeting and planning to their software

Konsolidator has entered a partnership agreement with the Australian software company, Phocas software, to deliver a budgeting and planning add-on for Konsolidator^®. This means that Konsolidator has strengthened its software by adding an intuitive and modern tool that replaces spreadsheet-based, budgeting, and 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 best-in-class cloud solution that supports all three core processes in group finance.

Konsolidator aims to use cloud-based add-ons and integrations to bring together various 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 the third add-on to Konsolidator^® that already counts EasyX and Leasify.

The strategic impact
An important part of Konsolidator’s strategy “Unfolding the potential” is to provide value-added applications on top of Konsolidator to address different customer needs without changing the core of the software. This means that Konsolidator can now reach customers that require budgeting and planning capabilities in combination with consolidation and expand the target group.

Konsolidator expects that 5-10 % of their current customers will employ Phocas, which will contribute to higher growth.
On a strategic level, Phocas is also an element in improving the important SaaS metric “Net Retention”.

The full-year guidance will not be revised.

A partnership agreement with international potential

Phocas is sold internationally through independent partners, which offers an opportunity to enter new markets since both software are…