White Papers
Prophix is committed to helping you run your business more efficiently. Our team understands the many key issues that drive your business. Included on this page are white papers and articles on some of these key issues.
 |
Best Practices for Planning & Budgeting Changing market conditions challenge companies to develop more effective business practices. So how do business leaders transform the planning cycle into an evolutionary process, yielding consistent returns for their organizations and bringing leadership back to the finance department? Read this white paper to learn the twelve best practices that leading companies have adopted. [ PDF, 753KB ] |
 |
Financial Planning, Budgeting, and Forecasting: Leveraging Risk-Adjusted Strategies to Enable Accuracy - an Aberdeen Report Best-in-Class organizations are 46% more likely than all others to perform "what-if" scenarios and change analysis. These organizations are twice as likely as all others to quantify the dollar value impact of risk, and are over twice as likely as all others to have defined workflows from risk identification to mitigation. [ PDF, 738KB ] |
 |
Effective Financial Management for International Expansion - an Aberdeen Report Best in-class companies strive to maintain real-time visibility into the health of their businesses through a strategic mix of process innovation and technology implementation. These initiatives form the strategies that best-in-class organizations use to succeed in the global environment. [ PDF, 741KB ] |
 |
Gartner Newsletter, Issue #1: Finding & Delivering What Performance Management Customers Want What sets performance management vendors apart from each other as the best in the business? Simply put, it comes down to solving the customers' business problems. Read the latest newsletter, featuring Gartner research to learn how. [ PDF, 5.58MB ] |
 |
The Difference Between BI and CPM Enjoy this complimentary white paper built for non-IT professionals to learn about the differences between business intelligence (BI) and corporate performance management (CPM), two fast-growing forms of software utilized by finance departments today. [ PDF, 1.79MB ] |
 |
8 Great Ways To Improve Your Quarter-End Analysis & Reporting
Another quarter-end... masses of data to analyze, complex reports to generate, and a critical deadline to get it all done! Help has arrived. This free guide - 8 Great Ways To Improve Your Quarter-End Analysis & Reporting - gives you valuable tips and tricks to breeze through your reporting and financial analysis, and accurately modify your forecasts. [ PDF, 1.78MB ] |
 |
Budgeting for Mid-Market Companies Read this interesting and informative white paper to learn how mid-market companies use advanced budgeting software to automate financial processes, increase collaboration, reduce their time investments, and gain valuable insights into the health of their businesses. [ PDF, 1.98MB ] |
 |
PROPHIX and Business Intelligence This white paper explains the difference between BI and CPM software and describes how Prophix fits in the CPM software category. Being an open system, Prophix can be accessed by any BI tool capable of reading data from Microsoft SQL Server Analysis Services. [ PDF, 227KB ] |
 |
PROPHIX and Corporate Performance Management This white paper describes the benefits of Corporate Performance Management software and attempts to answer some of the commonly asked questions. It also illustrates Prophix's expertise in CPM software and OLAP database technology and its flexible offerings to mid-market companies. [ PDF, 245KB ] |
 |
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. [ PDF, 529KB ] |
 |
Accelerate Your Business: Performance Reporting 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. [ PDF, 210KB ] |
 |
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 tafsngible business value by generating top line growth, bottom line profits, or improved customer satisfaction. [ PDF, 148KB ] |
 |
Budgeting, Planning & Analysis Systems Evolve 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. [ PDF, 751KB ] |
 |
Essentials of Financial Consolidation Applications Financial consolidation is growing in importance because of factors like globalization and the popularity of mergers and acquisitions. In the past, it was mainly of interest to large multinational companies that were publically traded and had sophisticated requirements, but now it is not uncommon for a mid-sized company to own several legal entities in different states or countries. Although such a company's financial consolidation requirements may not be very complex, producing a set of consolidated accounts is a process that, done in spreadsheets, can be very time consuming and prone to error. There are now various financial consolidation solutions that can streamline and add value to existing processes and systems. [ PDF, 199KB ] |
 |
Financial Planning, Budgeting and Forecasting in the New Economy - An Aberdeen Report Best-in-class organizations are building solid foundations from which they can develop accurate budgets and improve their forecasting capabilities each and every day. Using tools that provide increased visibility and flexibility allow such companies to make effective decisions that can impact their corporate performance and profitability. [ PDF, 633KB ] |
 |
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. [ PDF, 173KB ] |
 |
Navigating the IFRS Conversion Process This white paper outlines the key issues financial executives may encounter during IFRS adoption and why unified solutions are vital during the initial conversion period. When IFRS conversions are planned strategically, multiple operational and financial activities can be improved to yield greater overall efficiencies. |
 |
New Tools for New Times: A CFO Research Services Paper As companies look to identify new growth opportunities, senior finance executives are faced with the uncertainty of the new business environment and demands from internal and external stakeholders for more information. In this environment, robust capabilities to adjust resource allocation can make the difference between staying ahead and falling behind.In this white paper, you'll encounter a concise review of what senior finance executives identify as the information and performance metrics they need to remain competitive in the months ahead. [ PDF, 73KB ] |
 |
Performance Management for Finance Executives: Driving Performance With Insight - An Aberdeen Report To be the best, you need to beat the best; the old saying applies for every organization in every industry. But how can you determine where your company's performance ranks in relation to the best-in-class? For those who want to know more, we present "Performance Management for Finance Executives: Driving Performance with Insight", a complimentary report from the Aberdeen Group. [ PDF, 551KB ] |
 |
Performance Management in the Midmarket: An Aberdeen Report Executives and management in mid-sized businesses are increasingly feeling pressure to access, review, analyze and act upon events and information in order to become more agile as they work to meet day-to-day operations and financial performance goals. This free report reveals the strategies, tactics and technology investments that Best-in-Class mid-sized companies are taking, in comparison to small and large organizations, to improve performance management capabilities. [ PDF, 503KB ] |