Basis Features

Uses collected data to assist organizations in understanding what they can afford now, and in years to come.

Creates a continuous and recurrent planning process that can be calculated according to a specified and customizable timeline.

Leverages data from budgeting and forecasting processes to help corporations understand their reality and make decisions accordingly.

Offers methods of visualizing data via customizable dashboards, statistical graphs, and charts.

Scours data for actionable insights.

Allows users to customize their own reports according to business needs.

Provides pre-built reporting templates to organize data for payroll, manufacturing, and other company factions.

Allows for searchable communication within the tool via notes, checklists, and discussions to ensure clarity between users.

Reflects updates immediately, ensuring users have the most recent data while maintaining records of past performance.

Updates varying factors in real-time, assuring forecasts and inferences are continually made according to the most recent information.

Displays and shares company performance data to increase transparency across the board.

As reported in 11 Basis reviews. Import trial balance, monthly P&L, balance sheets, and other types of financial data

Define budget structure elements and how they are linked hierarchically

Keeps track of all versions of a budget and allows users to compare versions

Include budgeting formulas to estimate direct and indirect costs, operating and non-operating revenues This feature was mentioned in 11 Basis reviews.

Test the potential financial impact of business decisions on revenues and expenses

Users can customize standard budget periods (3, 9, or 12 months) 11 reviewers of Basis have provided feedback on this feature.

Consolidate multiple budgets from different departments or business entities

Users with administrative access rights can modify budgets

Workflows are used to define the steps required to alter budgets and who needs to approve changes

As reported in 11 Basis reviews. Forecasting is based on past transactions and historical financial or operational data

Ability to recreate forecasts to include new information that may impact budgets 11 reviewers of Basis have provided feedback on this feature.

As reported in 10 Basis reviews. Support multiple types of forecasts such as balance sheet and cash flow forecasts

Based on 11 Basis reviews. Used to review and update budgeting assumptions for a predefined period (usually one year)

Uses AI algorithms and models to predict future trends and outcomes, based on historical data and patterns

As reported in 11 Basis reviews. Project out as the year progresses to accommodate trends that affect key business drivers.

compare Income Statement, Balance Sheet, and Cash Flow for multiple periods This feature was mentioned in 10 Basis reviews.

As reported in 11 Basis reviews. Forward-looking Balance Sheet and Cash Flow Statements are synchronized with GL data

Financial information can be imported from multiple sources such as spreadsheets, text files, or databases 11 reviewers of Basis have provided feedback on this feature.

Data from multiple systems can be centralized into a single repository This feature was mentioned in 10 Basis reviews.

Financial data can be validated to avoid duplicates and errors 11 reviewers of Basis have provided feedback on this feature.

Administrators can define and manage the reporting structure and access rights to each report

Templates that can be used to create new reports without starting from scratch 11 reviewers of Basis have provided feedback on this feature.

Provide multiple types of reports such as point-in-time or snapshot reports, year over year, or time to date 11 reviewers of Basis have provided feedback on this feature.

Include most common financial KPIs such as gross and net profit margin, or working capital 10 reviewers of Basis have provided feedback on this feature.

Based on 11 Basis reviews. Standard financial reports are provided out of the box

Ability to analyze financial statements such as income statement and balance sheet 11 reviewers of Basis have provided feedback on this feature.

Based on 11 Basis reviews. Users can drill down to the detail level of each transaction or financial entry

Based on 11 Basis reviews. Dashboards can be customized to display different types of data from various sources

Users can modify standard financial KPIs and metrics 11 reviewers of Basis have provided feedback on this feature.

Allow users to edit reports and to combine multiple reports This feature was mentioned in 11 Basis reviews.

Based on 11 Basis reviews. A dedicated portal for external users with limited access to the system

Monitors the financial performance of multiple entities

Analysis that creates business plans outside of finance, including sales, marketing, or HR.

Reports on departmental KPI metrics measured against targets.

Consolidates planning processes across an organization into a single solution.

Anticipates needs and offers suggestions without prompting

Makes informed choices based on available data and objectives

Engages in human-like conversation for task delegation

Anticipates needs and offers suggestions without prompting

Makes informed choices based on available data and objectives

Works across multiple software systems or databases

Makes informed choices based on available data and objectives