Using Prophix Corporate Performance Management to transform planning into a decisive competitive advantage
January 28, 2015Using Prophix Corporate Performance Management to transform planning into a decisive competitive advantage
Prophix Corporate Performance Management software fuels improved decision-making with integrated financial, operational, and strategic planning
Prophix Software, a global leader in developing Corporate Performance Management (CPM) software, is continually driving businesses forward by providing a common planning platform to make informed decisions related to the strategic, financial and operational aspects of the business.
Through leveraging technology to manage business performance businesses are able to collaborate with multiple lines of business or departments and enable them to use data derived from their financials to help with their operational planning, as well as ultimately improving the organization’s strategic decision making. “Prophix expands a company’s planning methods. With better data visibility Prophix creates something every business owner should understand a broader vision of your company’s performance,” said Paul Barber, Prophix’s CEO.
Company success with Prophix integrated financial planning
Thousands of companies have already leveraged Prophix to connect all of their processes within a single unified environment. Prophix integrated financial planning has been used to successfully model and integrate the planning efforts in a number of applications, including: Product profitability, Customer profitability, Capital expenditures (CapEx), Manufacturing operations, Supply chain, Business processes (human and information-based), Business policy, Market demand curves, Competitive strategy, Sales and Revenue planning, Personnel planning and Balance Sheet and Cash Flow planning.
Crystal and Company, an insurance company in NY, NY relies on Prophix to track and evaluate their operations. Having the ability to analysis the operational areas while still consolidating the detailed operational information into a financial model has created a basis for forecasts and monthly financial reports “Prophix has allowed us to look more deeply, with more insight, into our operating costs and determine how we can become more efficient.” Corporate Controller, Joel Goldstein
Read the Crystal and Company Case Study
While other planning solutions have different modules and applications to plan, consolidate, report, analyze and forecast data, Prophix is built based on unified functionality and technology. By deploying a unified model across functions and leveraging the organization’s data, management is able to use integrated financial planning to evaluate activities and plans based on the true economic impact of each consideration.
“Through using a single platform (Microsoft), Prophix Software is able to deliver a consistent, unified end-user experience that empowers non-technical business users around regular planning and reporting tasks that are integrated and combined to develop and implement a broader vision of your company’s performance,” said Geoff Ng, Prophix’s VP of Product Planning. “At Prophix, we believe that a single platform for all your CPM requirements is essential.”
About Prophix Software
Prophix develops innovative software that automates critical financial processes such as budgeting, planning, consolidation, and reporting—improving a company’s profitability and minimizing their risks. Thousands of forward-looking organizations in nearly one hundred countries use software from Prophix to gain increased visibility and insight into their business performance. For more information, visit trustprophix.wpengine.com.
