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Corporate Performance Management a Key Investment in Uncertain Economic Times

Toronto, ON (PRWEB) February 3, 2009 - PROPHIX Software, a leading provider of financial business intelligence and performance management solutions specializing in forecasting, corporate budgeting, strategic planning, consolidation, financial analysis and scorecarding, has sponsored a new video featuring lead analyst firm Gartner . In the video, Gartner Research Vice President Nigel Rayner recommends Corporate Performance Management (CPM) as a key investment in uncertain economic times.

According to Gartner, "CPM includes the processes used to manage corporate performance, such as strategy formulation, budgeting and forecasting; the methodologies that support these processes, including the balanced scorecard, or value-based management; and the metrics used to measure performance against strategic and operational performance goals. However, CPM also comprises a series of analytic applications, such as BP&F, financial consolidation, and financial-reporting solutions, which provide the functionality to support these processes, methodologies and metrics, targeted at the CFO, finance team, senior executives and corporate-level decision makers."

Through this video, audiences will learn why CPM has the potential to play such a vital role for companies. CPM helps businesses understand how to react to dynamically changing business conditions, making organizations more able to navigate the uncertainties of the economy over the next few years.

"Businesses that use CPM are able to react more quickly to external forces. CPM provides visibility into all parts of the business and focuses attention on where there are opportunities for improvement," explains Paul Barber, President, PROPHIX Software. "Having this visibility is critical, particularly in a down economy."

The video, entitled "Corporate Performance Management: Navigating an Uncertain Economy", can be viewed at http://www.prophix.com/resources/podcasts/gartner2009.html.

About PROPHIX Software
PROPHIX Software is a leader in delivering performance management solutions including budgeting, planning, forecasting, reporting, consolidation, personnel planning and other advanced financial functions. PROPHIX Software maintains an outstanding reputation with its customers by consistently delivering tangible value and exceptional ROI, with a lower total cost of ownership. For more information, visit www.prophix.com.

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