PROPHIX News

PROPHIX Software Announces the Release of PROPHIX Enterprise Version 6.0

Toronto, On, September 29, 2005 - PROPHIX Software, a leader in delivering data analysis solutions such as budgeting, reporting, forecasting, planning, consolidation and personnel planning, today announced the release of PROPHIX Enterprise v6.0.

PROPHIX Enterprise v6.0 has significant enhancements relating to management reporting, personnel planning, and report distribution. These significant changes will affect the way PROPHIX users manage their business.

• Scorecard: Management style reports that provide a quick indication on how your business is doing.
• Personnel Planning: Personnel forecasting with enhanced functionality.
• Report Distribution User Licensing: Easy and rapid deployment of reports to various stakeholders.

Organizational requirements are going beyond simple budgeting applications. Managing cash flow remains a key concern for executives. "In today's dynamic business climate it's critical to understand the impact of factors such as changes in raw material pricing, currency fluctuations, managing growth and expectations," says Paul Barber, President, PROPHIX Software. "Furthermore, PROPHIX Enterprise v6.0 allows for the integration of P&L, Balance Sheet, and Cash Flow budgets, along with data from other lines of business such as sales, operations, and HR to take a holistic view of the business. Generating financial statements, management, and ad hoc reports, PROPHIX Enterprise v6.0 provides the necessary data for organizations to make informed business decisions."

Scorecard
The Scorecard module satisfies the needs of managers to measure and assess milestones and tolerance levels. Using intuitive color-coding, action can be taken when tolerance levels are exceeded. In addition, Exception Reporting and Trend Charts provide further analysis capabilities.

"The Scorecard module is a portal into detailed financial data, allowing managers to review, collaborate, and comment on the data," explains Bally Boodram, Director of Product Management at PROPHIX Software. "The key to this module is ease of use. The intended users are senior managers in mid-size companies who may have never used this type of application before. The clear advantage to this added functionality is better data analysis for managers to assist them in making more informed business decisions."

Personnel Planning
The additional enhancements within Personnel Planning allow for improved calculation and reporting. Version 6.0 helps companies forecast and report more effectively by providing extensive calculations, fields, and templates for personnel planning.

Report Distribution User Licensing
Version 6.0 now has the added ability to distribute reports simply and easily to a larger audience while preserving data integrity and security rights. PROPHIX users can now be classified as workflow, reporting, or e-mail users.

Pricing and Availability
PROPHIX Enterprise Version 6.0 is available immediately for customers with maintenance agreements. Upgrades can be ordered or downloaded from our web site, please contact Customer Support at csupport@prophix.com  or at 1-800-387-5915 ext. 235.

About PROPHIX Software
For over fifteen years, PROPHIX has been a leader in delivering data analysis solutions including budgeting, reporting, forecasting, planning, consolidation and personnel planning. We maintain an outstanding reputation with our customers by consistently delivering tangible value and exceptional ROI, with a low total cost of ownership.

PROPHIX serves a variety of industries including financial services, manufacturing, high-tech, professional services, health care, consumer packaged goods, government, and not-for-profit organizations.

Our clients include Toyota, Mazda North America, Thrifty Car Rental, Nestle-Purina, Seattle Supersonics, Bridgestone-Firestone, Martin Guitars, Wentworth Mold, State National Bank, Framesaver, Union Energy, LWCC (Louisiana Workers' Compensation Carrier), and Environ.

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