Place Technology Enhances Financial Forecasting Solution

Place Technology (Place), a financial forecasting solutions provider for SaaS and professional services companies, has announced a series of product enhancements for its core solution, PlaceCPM. Its new capabilities are designed to improve workflows for finance and increase collaboration among business operations teams.

The following are available for Place Technology customers in January 2021:

• Cost controls: Spend approvals can be managed within the PlaceCPM platform, including approval workflows and automated notifications. Users can submit and manage approvals for new hires, increased employee compensations and new purchasing decisions, among other use cases.
• Audit trail and accountability: All user-made changes are tracked, allowing for complete visibility into forecast adjustments and historical data.
• Rate cards: Professional services companies can build out the revenue and cost for individual projects, including resource allocation, hourly billing rates and record any pre-payments or project deposits for accounting.
• Month-end workflows: Enables finance teams to streamline forecast variance analysis and easily manage predicted or unpredicted cash flow month-to-month to continually improve the quality of forecasts on a rolling basis.
• Enhanced SaaS dashboards: SaaS customers can measure churn, Rule of 40, sales efficiency (Magic Number), customer lifetime value (LTV) projections and overall business health. This adds to the dashboard’s existing functionality of cash burn, bookings and renewals, recurring revenue, and growth rates.