Calxa Premier

Calxa Premier is a financial management software solution designed to automate budgeting, cash flow forecasting, KPI tracking, and group consolidations. According to the vendor, this software is suitable for businesses of all sizes, from small startups to large enterprises. It is commonly used by accountants, not-for-profits, business owners and managers, financial analysts, and consultants across various industries to streamline their financial processes and make informed decisions.

Key Features

Budgeting Automation: Calxa Premier offers automated budgeting functionality, allowing users to easily create and manage budgets. Users can import actual data from their accounting system to compare with budgeted figures, enabling accurate analysis and forecasting. The software provides templates and customizable budgeting options to suit the specific needs of different businesses and industries.

Cash Flow Forecasting: According to the vendor, Calxa Premier includes cash flow forecasting capabilities that help businesses and organizations predict their future cash flows accurately. Users can create cash flow forecasts based on historical data, budgeted figures, and other relevant factors. The software allows users to analyze and project cash inflows and outflows, ensuring better financial planning and decision-making.

KPI Tracking: Calxa Premier enables users to set and track key performance indicators (KPIs) to monitor the financial health and performance of their business. Users can define their own KPIs or choose from a range of pre-built KPI templates provided by the software. The vendor states that the software allows users to track KPIs in real-time, providing a clear overview of their progress and performance against targets.

Group Consolidations: Calxa Premier offers group consolidation functionality, allowing users to consolidate financial data from multiple entities or business units. Users can import financial data from different accounting systems and consolidate them into a single view, streamlining the reporting process. The software supports various consolidation methods, including equity, proportionate, and partial ownership consolidations.

Intelligent Automation: According to the vendor, Calxa Premier leverages intelligent automation to streamline financial management processes and save time for users. The software automatically updates budget and cash flow forecasts with actual data from the accounting system, eliminating the need for manual data entry. Users can set up automated alerts and notifications to stay informed about critical financial metrics and deviations from targets.

Customizable Reporting: Calxa Premier provides customizable reporting options, allowing users to generate reports and visualizations tailored to their specific needs. Users can create financial statements, balance sheets, cash flow reports, and more, with the ability to customize layouts, filters, and data presentation. The vendor claims that this flexibility enables users to effectively communicate financial information to stakeholders and make informed decisions.

Scenario Planning: According to the vendor, Calxa Premier includes scenario planning capabilities, enabling users to model different financial scenarios and assess their potential impact. Users can create "what-if" scenarios to test the outcomes of various business decisions and changes in market conditions. This feature helps businesses evaluate risks, opportunities, and the feasibility of different strategies before implementation.

Data Integration: Calxa Premier seamlessly integrates with popular accounting systems, allowing users to import financial data directly into the software. This integration streamlines the data collection process and ensures data accuracy. Users can connect with accounting systems such as Xero, MYOB AccountRight, and QuickBooks Online, among others, according to the vendor.

Collaboration Tools: Calxa Premier provides collaboration tools that facilitate teamwork and information sharing among users. Multiple team members can work on budgets, forecasts, and reports simultaneously, ensuring efficient collaboration and reducing the risk of version control issues. The vendor suggests that this feature is particularly beneficial for accountants, consultants, and business owners who need to collaborate with their teams or clients.