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.
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.
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.
PROPHIX and Business Intelligence - This white paper explains the difference between BI and CPM software and describes how PROPHIX fits in the BI software category. Being an open system, PROPHIX can be accessed by any BI tool capable of reading data from Microsoft SQL Server Analysis Services.
Financial Planning, Budgeting and Forecasting: Will the Economy Emerge?: An Aberdeen Report - Few companies remain unscathed in the aftermath of the economic crisis. The economic uncertainty of the last few years made it difficult to set clear goals and objectives and sustain a financial plan to support them. Even as the global economy works its way out of a recession, CFOs have to rethink their attitudes and approaches to financial strategy and planning. Driving improvements in active financial planning, budgeting, and forecasting can help companies to emerge stronger as the economy recovers.
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.
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.
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.
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.
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.
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.
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.
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.
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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