PROPHIX CPM Blog

BeyeNETWORK features PROPHIX Software and the Benefits of CPM Solutions

In his Executive Spotlight interview with Mary Jo Nott, Executive Editor of the BeyeNETWORK, Bally Boodram, the VP of Marketing at PROPHIX Software, explains the widespread benefits of replacing Excel spreadsheets with a Performance Management Solution in a business of any size, and goes on to explore the unique advantages offered by PROPHIX Software.

During the interview, Mary Jo recognizes that most companies using Excel for financial purposes experience what she calls "Excel hell", where a multitude of spreadsheets are created by different users, leading to a lack of consistency in the data presented. Bally goes on to say that a solution to the issues created by Excel is the implementation of a Performance Management Solution, which helps manage the performance of a business. He suggest that an ideal Performance Management Solution should offer items such as workflow, automation, built-in security, reporting capabilities, scalability as well as the ability to connect to multiple systems.

From the discussion, it seems that PROPHIX Software offers the ideal performance management solution, as it offers not only the basic suggested items mentioned above, but also capabilities that enable companies to create consolidated views of the organization, variance reporting and monitoring of KPIs for quicker reaction to market changes, automation for faster and error-free data consolidation, as well as self-service reporting and analysis. With PROPHIX the end-user is enabled to drill down to detail reports and transactional data, which allows scenario management and better forecasting. In fact, Mary Jo summarizes PROPHIX's benefits as "better decisions made faster".

If you wish to view the complete interview click here or if you would like to learn more about the benefits of using PROPHIX Software, we invite you to watch our 11-minute autodemo.

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