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PROPHIX Webcast to Provide Strategies for Reducing Financial Consolidation Cycle Times

Toronto, ON (PRWEB) November 5, 2008 - 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, is hosting their fourth in a series of Performance Management Webcasts on November 12th, 2008. The topic of this Performance Management Webcast is "Strategic Financial Consolidation Process: Reduce the Cycle Time". Featured speakers include John Colbert, VP, BPM Partners Inc. and Beth Beall, Assistant Manager, Corporate Accounting, Toyota Tsusho of America.

Financial consolidation is one of the most critical processes of an organization. Effectively managing consolidation cycle times and shortening statutory reporting processes without sacrificing vital controls or compliance with laws and regulatory bodies has become of key importance to most organizations. The ability to consolidate increasingly complex corporate hierarchies, while managing key stakeholder relationships is fundamental to businesses.

"When an organization attempts to consolidate many divisions or separate companies, it can create a host of issues. The accuracy and quality of the final numbers are vital to an organization. Typically, many organizations use a series of spreadsheets or other tools that provide limited support for consolidation", explains Nicole Diceman, Industry Marketing Manager for PROPHIX Software. "This webcast will provide finance professionals with an understanding of how their peers are minimizing the time spent on financial consolidation and what changes they have made to support them in this endeavor."

Attending this Strategic Financial Consolidation webcast will educate attendees as to how they can:

• Learn How to Streamline the Consolidation Process
• Make Reports More Timely and therefore Compelling for Precise Decision Making
• Answer Questions, and Inquiries in Minutes Instead of Months
• Provide Detailed and Summary Information on the Fly
• Control Security and Manage Access to Reports

Those interested in attending this Business Performance Webcast can register now at http://www.prophix.com/resources/performance-management-webcast/registration/.

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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