PROPHIX White Papers

Financial Planning and Budgeting: Lessons Learned from the Big Guys - Imagine it is the end of the fiscal year. Management is scrutinizing the past year's performance as well as planning for next year. If you are involved in the planning and budget process you may very well be in "spreadsheet hell" trying to collect data from a variety of sources, make sense of it all and come up with a budget that will be both achievable and acceptable to senior levels of management. This report will serve as a roadmap to efficient planning and budgeting for improved accuracy and corporate performance.

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Best Practices for Planning & Budgeting - Many finance professionals want to grasp the big picture of the company's position by having the flexibility to evaluate and understand the effect of various factors. They want the ability to review previous years' budgets, add/remove accounts or change budgeting assumptions with ease. However, with the lack of flexibility in their current tools, the depth of understanding and awareness are very limited.

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Budgeting and Planning at Midsize Companies - Pressured by senior management and boards of directors to produce more detailed budgets, forecasts, and performance data, many finance executives at midsize companies are reevaluating their reliance on spreadsheets for planning, budgeting, and forecasting. Many of the financial analysis problems endemic at large, complex public companies such as finance's need to cut costs and drive profitability.

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Reporting Best Practices - Reporting is a vital means of communicating internally and externally between key financiers and other stakeholders of an organization. The ability to report timely and accurate data is an essential component to operating a successful business, and can spawn a myriad of other activity aimed at meeting corporate objectives.

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A Faster Year End Close - Why is faster closing important? A faster close is a good indication of how well a company's financial systems and procedures are performing. In today's competitive market, the accounting function needs to improve existing processes and, at times, infrastructure to achieve greater efficiency and accuracy. Learn how to achieve a faster year end close at your organization.

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Improving Operational Efficiency - Many companies still live in "Excel hell" leading to long exercises in gathering, controlling, and reporting data. The issues associated with using Excel for financial reporting, planning and budgeting are well documented. Organizations that don't move beyond that barrier are subject to all the associated problems and are selling themselves short. This article will focus on the achievements of companies who have moved beyond Excel.

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Are You Data Rich But Starving for Information? - Technology has made significant promises and much of the productivity gains in the past decade can be attributed to the wide adoption of cell phones, e-mail, fax machines, and the internet. But not all technology results in wide adoption nor tangible business value by generating top line growth, bottom line profits, or improved customer satisfaction.

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