Unit4 Prevero

4.4
(12)

Unit4 Prevero provides Accurate, Integrated Business Reporting software for superior Planning, Budgeting and Forecasting.

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Unit4 Prevero review by Rhodri d.
Rhodri d.
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"Prevero Unit 4 - Gives power and flexbility to finance"

What do you like best?

The power and flexibility of the system. We operate in a rapidly changing environment; where we have new data sources, new accounting structures, to deal with on an ongoing basis. Prevero allows us to adapt to this changing environment and gives us the flexibility to adapt our approach quickly, build new models and processes. The more you get to know the product the more you see its power and flexibility.

The road map and product development, there are a number of features coming that have exciting potential.

The Prevero team itself has been very supportive and responsive. Particularly to change requests for both bug fixes and new features. Key new feature requests have been delivered quickly.

We’ve removed routine manual tasks. We can extract data and generate standard reports/packs with a click of a button. The excel add in and integration is very good and used to do adhoc analysis quickly, generate flexible reporting packs etc. and also write back data to Prevero.

What do you dislike?

The resources (i.e. the literature) available to take your learning further is being developed. This means that you cannot necessarily find materials to support your learning and you therefore develop through test and learn. Having said this Prevero support and team have been very responsive to our questions.

While the dashboarding has been improved considerably since we first started using Prevero it is an area of future development on the product road map.

Recommendations to others considering the product:

Prevero is hugely powerful and flexible, you start with nothing and can build processes/models in any way you like. It is therefore important to start with a very clear implementation plan and scope. Given the flexibility of the product you will undoubtedly find better ways of doing things as your understanding of the product increases. Make sure you are heavily involved in the actual build and implementation. This is very important in developing your knowledge of the product and will allow you to be self sufficient and problem solve going forwards.

What problems are you solving with the product? What benefits have you realized?

We collect a large amount of data (financial and non-financial) from many different sources with a high degree of automation, where appropriate we can mix approaches. This has helped increase the quality of our data, the ability to action up to date data quickly and to provide one source of financial truth.

We have retired a complex series of excel spreadsheets with a automated rolling 12 mth P&L forecast (by day), generated weekly for a number of entities. This is supplemented with automated daily variance analysis. The rolling plan feeds an integrated Balance Sheet and Cashflow.

We have different longer term planning budget models which again integarate with Balance Sheet and Cashflow.

The above has all freed the team up to concentrate on more value add activities rather than having time eaten up by gathering data, re cutting data and maintaining spreadsheets.

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Unit4 Prevero review by George D.
George D.
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"Useful BI tool"

What do you like best?

Pretty powerful; can do a lot with it once things are set up correctly. Provides a familiar excel-like environment to the end user,.

What do you dislike?

Being a non-English language program first shows. For example there is no English help/documentation beyond workshop walkthroughs; Their support staff are helpful, but they have to be relied on too much.

Numerous bugs (some minor and some major) were found throughout our project. This made the implementation much tougher to develop than it otherwise needed to be.

Recommendations to others considering the product:

Ensure your implementers have very strong technical skills. Be prepared to encounter and work around occasional bugs; particularly with less-used features. Ensure you have fully developed requirements going into the project.

What problems are you solving with the product? What benefits have you realized?

We're moving away from people having their own spreadsheets to analyse our sales data. Prevero will be the one source of truth. Longer term we're looking to use it as a tool to contain and analyse long-term forecasts/plans.

What Corporate Performance Management (CPM) solution do you use?

Thanks for letting us know!
Unit4 Prevero review by Bernhard K.
Bernhard K.
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"Unit4 prevero - The Swiss Army Knife within BI-Systems"

What do you like best?

From the point of view of an power-user and/or administrator it is very easy to supply forms or templates to the "untrained" end-user. So one can rely to have exact and true data within all the reports and graphs. Powerusers (who take care of many administrator-related issues) come from our operational (Controlling)-department ... so they know about the needs of the endusers and can provide easily what they require. Unit4prevero comes with some very special, outstanding and helpful graphical capabilities we still can not find in any other BI-Tool.

What do you dislike?

In some cases you may need time-dependent hierarchies; for the time beeing this has to be solved with a work-around as time-dependent hierarchies are not provided so far. - But it will be included in releases of the near future.

Recommendations to others considering the product:

When starting a project with Unit4-prevero, make sure that those people who later shall be power-users or admin for the daily-business are deeply involved in DOING things during the implementation-phase. I consider it very important to have them hands-on on very task that has to be solved.

What problems are you solving with the product? What benefits have you realized?

We created a complete value-driver-based strategic and integtrated operational planning system; This enabled us to cut the process of strategic planning short from almost 8 Months to a couple of weeks. In addition we use it for our group-reporting. In this topic we displaced a very complex and horrible system of interconnected Excel-Sheets. Now we can face our quarterly reporting-process without fear. :-)

Unit4 Prevero review by Ralf B.
Ralf B.
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"planning and reporting software for headquarters"

What do you like best?

prevero 10.5. is very intuitive and flexible. We are running the software without help of IT in a cloud. World wide access is easy via internet, at the headquarters we use a local installation. No need to know any programming language. Interface programming or better modelling of the software is done by ourselves, controlling department. My young team did not have any IT experience before, But after two days training on the job and the capability of logical thinking and some kind of IT affinity, any improvements, renewals or changes are done fast and non-bureaucratic by themselves.

Another important positive aspect is the connectivity to different softwares, like e.g. SAP we also have in use.

What do you dislike?

In fact they do not have any moduls like you might know from other softwares. You start on a greenfield, talking about financial issues, so you must know what you want in the beginning. That is the source of the flexibility.

Sometimes you have to pay attention to the technical turn of the year. Some formulars of some cubes need some special care.

Recommendations to others considering the product:

If you get in contact with them, challenge them, come with big points. Since the software is so flexible the meeting would be too superficial.

What problems are you solving with the product? What benefits have you realized?

We shortened our monthly closing process by two days. Using automatism in collecting data and especially in preparing the data for our shareholders.

Concerning our forecasts and plan/budget, prevero is 'like a spider in the web" collecting all data from different systems to prepare the financial triumvirate PnL, Balance Sheet and Cash Flow automatically.

Unit4 Prevero review by Sascha D.
Sascha D.
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"BI-Tool which serves many different purposes well"

What do you like best?

The stability of the software is very good, We barely had more than 1 or 2 downtimes a year since 2013, which where mostly due to errors being made while updating for example (we are not using a test environment).

With the introduction of Prevero many manual reports (made in excel) have become obsolete which saved a lot of time in our department.

Besides that the software is really easy to use and we added many new projects into it without needing a consultant!

Due to the good usability and layout of reports the acceptance in our company is also very high.

I also like that the company is very innovative and tries to add many new (interesting) features regularly and has a good knowledge (and premade models) regarding financial topics (Montecarlo, Consolidation etc.).

What do you dislike?

Due to prevero growing there is sometimes a shortage of men regarding consultancy or support. Therefore it is possible that some problems may not be solved instantly. Nevertheless almost every problem we had was solved. From time to time there is only the Workaround which has to be done until the new version with a fix is released.

Recommendations to others considering the product:

Before starting with the implementation you have to have a clear vision what the endresult should look like and everything which can be prepared like Masterdata in pre-systems (like SAP) should be done beforehand. this will save you a lot of time in the implementation phase!

On Implementation start with the essential topics you need, you can always add more later.

always do the coaching approach. this will lead to knowledge in your company and save costs later when you want to implement additional topics.

What problems are you solving with the product? What benefits have you realized?

We are currently using prevero to do a monthly Sales & Operational Planning which feeds our production plan, a Management Information System with several reports for analyzing data mainly.

There are several other topics where Prevero is used like:

budgeting, forecasting, promotion data analysis, area manager visits, calculation of contribution margins, sellout data analysis

Unit4 Prevero review by Ronald M.
Ronald M.
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"Planung und Reporting mit prevero p10"

What do you like best?

prevero p10 ist ein sehr leicht zu handhabendes BI-Tool. Besonders hervorzuheben ist das "Self-Service-BI". Mit geringen Schulungsaufwand und ein bisschen Engagement kann man viele Dinge eigenständig entwickeln und implementieren. In den fast 6 Jahren seit der Implementierung gab es sehr wenige Ausfälle. Und wenn es Probleme gab, war der prevero-Support sehr gut zu erreichen.

What do you dislike?

Da gibt es nicht viel zu sagen, da bisher für jede Problematik eine Lösung gefunden wurde.

What problems are you solving with the product? What benefits have you realized?

In diesem Tool wird die komplette Unternehmensplanung, sowie das Reporting abgebildet. Alles aus einem System.

Unit4 Prevero review by Rüdiger T.
Rüdiger T.
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"Prevero as a central management and controlling instrument for corporate planning and reporting"

What do you like best?

We use Unit4 Prevero as a central management, planning and reporting tool for all companies (in total 15). Via Unit4 Prevero, the companies are planned decentralized and reloaded and updated over the night via a daily automated interface to SAP/ERP. This means that current information is available to employees for analysis and reporting at all times.

What do you dislike?

he project work on the introduction meant a high discipline to achieve the goals that should be achieved with the introduction of UNIT4 Prevero.

What problems are you solving with the product? What benefits have you realized?

Due to the introduction of UNIT4 Prevero, many Excel files fell away in the process and duplication could be reduced. Overall, the process effectiveness increased significantly and the data quality and data up to date.

Unit4 Prevero review by Pascal  S.
Pascal S.
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"Single Point of Truth with Unit4 Prevero "

What do you like best?

The financial planning solution of Unit4 prevero helps us to replace our old Excel planning world. Our goal to get a Single Point of Truth is fulfilled. Furthermore we implemented a groupwide financial mindset with standardised calculation logic and plausibility checks.

What do you dislike?

Nothing, all essential targets were reached.

What problems are you solving with the product? What benefits have you realized?

Missing planning transparency, inefficient tools and work intensive manual consolidations are things of the bast. Our financial planning is now state-of-the-art.

Unit4 Prevero review by Rakesh C.
Rakesh C.
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Business partner of the vendor or vendor's competitor, not included in G2 scores.

"Unit4 Prevero"

What do you like best?

If you are using Unit4 business world(Agresso) then with will benefit you most. This is good for budgeting and forecasting. The data will be easily made available for analysis as well as the look and feel is better than analyzer of U4BW.

What do you dislike?

This can be made better by giving more better look and feel.

What problems are you solving with the product? What benefits have you realized?

This is best for budgeting and forecasting

Unit4 Prevero review by Tassen M.
Tassen M.
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"User friendly fully integrated system"

What do you like best?

It’s an intuitive and easy to use software

It’s integrated with our existing systems

What do you dislike?

The dashboard design seems too crowded, wish it was a bit cleaner

What problems are you solving with the product? What benefits have you realized?

Helps keep the team on the same page and data is easy to read and analyze across teams

Unit4 Prevero review by User
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"Great service"

What do you like best?

Easy to use, fast, and efficient for business needs.

What do you dislike?

It didn't stick out as an amazing product. I don't think about Unit4 regularly.

What problems are you solving with the product? What benefits have you realized?

Easy corporate performance management. It makes my job much easier.

Unit4 Prevero review by User in Hospitality
User in Hospitality
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"Great software"

What do you like best?

Makes it easy to budget and keep financing organized.

What do you dislike?

A bit difficult to figure out at first.

What problems are you solving with the product? What benefits have you realized?

Financing

Kate from G2

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