Bespoke vs off-the-shelf software
We offer bespoke FP&A solutions that empower businesses with data scalability, insights, integrations and security.
When it comes to choosing FP&A (Financial planning & analysis) solutions, businesses often find themselves at a crossroads between utilising an off-the-shelf software package or opting for a bespoke solution tailored to their unique needs. While off-the-shelf solutions offer slightly shorter implementation periods, there are a number of benefits to choosing a custom-built solution, such as:
At Finomatic, we adopt a fully bespoke approach and believe that our solutions represent a compelling proposition for businesses seeking to optimise their financial operations and decision-making processes.
Customisation
Our bespoke solutions are tailored to the specific needs of our clients. This means that they retain full control over the features, functionalities and user interfaces, ensuring a seamless fit with your business operations and finance team. Throughout the build process, we maintain a highly collaborative approach. Frequent communication ensures that we can design a tool which incorporates the feedback of our clients and addresses their key pain points.
Scalability
Our bespoke solutions are ideal for long-term flexibility. As our clients grow and evolve, amendments can be made to accommodate the ever-changing business requirements.
Industry expertise
Our bespoke solutions incorporate SaaS industry best practices and align with the strategic goals of our clients. This provides unique insights and capabilities that off-the-shelf products may not offer.
Seamless integrations
Our bespoke solutions integrate seamlessly with existing software ecosystems. This usually includes: central databases, as well as accounting, HR, ERP and CRM systems. This allows for efficient data exchange, eliminates manual processes, and provides a holistic view of the financial data.
Enhanced data security
Our bespoke solutions give businesses more control over data security. You can implement robust security measures, encryption protocols and user access controls which are specific to the organisation’s requirements. This mitigates the risk of data breaches.
No recurring fees
Our bespoke solutions are completely self-service. Thanks to our highly collaborative approach throughout the build process, the tools will exactly align with how our clients’ businesses operate. This means that there are no recurring costs after the project is completed. This will boost EBITDA and, in turn, company valuation when the time arrives for another corporate finance transaction.
Best practices
Our bespoke solutions are built by an experienced team who have corporate finance experience and are qualified Full Stack Modellers. This means that our tools will measure up to the highest industry standards. The two main goals of our engagements are to: facilitate data-driven strategic decisions and ensure our clients are ready for a corporate finance transaction at any time.
Dedicated support (if required)
Our bespoke solutions are built and maintained by the same team member. This gives our clients one consistent point of contact and ensures that any required amendments are processed quickly and accurately. This also means that the team members who build the initial solution will continue to be available to answer further queries.
In any fast-paced and ever-changing business landscape, having a bespoke FP&A solution that precisely aligns with your organisation’s needs can be a game-changer. We believe that our distinct approach offers a number of key advantages, particularly with regards to industry expertise, flexibility, scalability and integrations.
At Finomatic, we pride ourselves on empowering organisations make informed decisions confidently. Choosing to work with us represents an investment in a future-ready FP&A solution that propels your business towards success, helping you to stay ahead of the curve and achieve your strategic goals.
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