CALUMO is cloud software that simplifies internal financial reporting and budgeting for accountants.

Languages supported: English

8.6/10 (Expert Score) ★★★★★
Product is rated as #32 in category Budgeting and Forecasting Software
Ease of use
8.4
Support
8.4
Ease of Setup
7.3

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The CALUMO Group is a leading provider of Corporate Performance Management solutions for enterprise-wide Business Analytics, Reporting, Budgeting and Forecasting offering both software and consultancy. Since 2004, the group has successfully delivered solutions to a wide range of enterprises from not-for-profits and SME’s to large listed companies and government organizations.

These solutions provide quantifiable benefits and valuable business insights, offering a single platform from which to integrate Corporate, Financial and Operational performance results and objectives. Its flagship and award winning product, CALUMO, is a single unified application for Business Analysis, Operational Reporting, Statutory Reporting, Budgeting, Planning, and Forecasting.

Offered either on-premises or in the cloud through Microsoft’s Azure Cloud Computing Platform, CALUMO delivers business insight at the right time, to the right people, using tools with which they’re familiar through tight integrations with Microsoft Office, the web, and mobile devices. CALUMO has offices and operates data centers in both Australia and the United States sovereign territories.

CALUMO Group is a Microsoft Gold Certified Partner in key competencies including Data Analytics, Cloud Platform, and Application Development.

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Customer Reviews

CALUMO Reviews

Lucas R.

Advanced user of CALUMO
★★★★★
Dynamic reporting tool. Great for driver-based rolling forecast

What do you like best?

The pre-set (bespoke) reports, enabling data to be submitted to cubes such as forecasting. Driver-based forecasting is critical in organisations, but a full excel-based model, pulling data from various systems, running the calculations within Excel to arrive at metrics for forecasting is heavy in performance and data, prone to errors and easy to get corrupted. Calumo facilitates this, running the calculations within the data warehouse and pulling the pre-calculated metrics and KPIs for easy reference and use in a rolling forecast. In addition, there were pre-set reports enabling what-if analysis in test databases, pulling in actual historical data, allowing for dynamic business modelling and strategic partnership with the business units.

What do you dislike?

Creating new reports in excel is heavy in syntax and there is a fair learning curve. If certain dimensions are missed within the syntax, depending on the complexity of the report, they are hard to locate and rectify. Similar market tools are significantly more dynamic when it comes to creating your own excel reports for ad-hoc, quick financial modelling and analysis.

Recommendations to others considering the product:

Assess integration of Calumo to new BI tools such as PowerBI and Tableau, significantly powerful in the fast evolving Data & Analytics space. True integration of ERP, reporting and BI tools are critical for succesful digital transformation.

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

Throughout 9 years in my prior organisation, Calumo was the primary reporting tool for all finance-related reports and insights. EOM P&L and Balance sheet reports were used. With its ability to drill through individual revenue and expense lines, connected to the organisations accounting ERP, it provided quick insight into critical details. The monthly rolling-forecast and yearly budgeting process were also done in Calumo, which in my view was its best attribute. An easy to run driver-based rolling forecast, enabling collaboration and participation from business units and a true partnership between finance and business for strategic reviews.

Review source: G2.com

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