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PROPHIX Analytics
Analytics is a critical component of performance management, and can help a
company compete more aggressively. Typically, organizations face significant
challenges taking endless amounts of data and turning that into actionable
information. Analytics tools play a critical role in sorting and prioritizing
that information so that executives and managers can make appropriate decisions.
Traditionally, organizations have relied primarily on spreadsheets as their
primary analysis tool. This has led to a series of issues for many
organizations, concerning collaboration, data accuracy and the ability to convert
analysis into actionable budgets or forecasts.
Why use PROPHIX for Analytics?
For nearly two decades, PROPHIX has been creating analytics tools for business professionals. PROPHIX understands that organizations need to do more with less, and must be able to make decisions in a timely fashion. PROPHIX provides solutions to address a number of issues including:
- Ad Hoc Analysis
- Converting Analytics to Actions
- Scorecards and Dashboard Analysis
-
Variance Reporting &
Analytics
Flexible Analytics
To analyze today's business challenges you need to take a flexible approach
and look at issues from a variety of perspectives. Typical tools provide a flat
view of data and do not allow a professional to get to the heart of the matter.
Static reports are now a thing of the past, as PROPHIX enables users to drill down from
reports directly into source data allowing them to understand what is driving
key numbers. This power and flexibility allows any professional to truly
understand their company performance and react to it.
Variance analysis plays an
integral role in analysis process; with a few clicks of your mouse you can compare any
results easily. PROPHIX makes it
exceptionally easy for end users to create, modify and publish their own reports
and schedules. Compare quarter-end results against your budgeted numbers,
compare the historical profitability of various product lines, literally the
possibilities are endless. The entire process requires no IT intervention, so
ultimately, you drive the experience and you define what you want to analyze and
how you want to analyze it.
Controlled Analytics Process
PROPHIX provides you with unprecedented control during the financial analysis process. You can manage the entire process, from generating reports, performing drill-down analysis to source data and updating your budget and forecasts as a result of those changes. The entire process is automated and controlled and allows you to manage the input of multiple stakeholders. PROPHIX allows you to visualize your analysis easily using a number of powerful tools.

PROPHIX is a unified solution that allows you to prepare your reports, distribute them and gather and manage feedback. PROPHIX promotes a closed-loop approach to manage the reporting and analysis process.
Accuracy of PROPHIX Analytics
Data accuracy and integrity needs to form the basis of any analysis. In so many cases, individuals start off with inaccurate or dated information which can adversely impact the quality of their analysis. PROPHIX is linked directly into your data sources such as your general ledger or other key systems.
PROPHIX charting allows you to visualize your data and spot key trends or issues in your data. Rather than just looking back at what has happened, PROPHIX scorecards and dashboards allow you to manage impact on a regular basis. Real-time analysis helps any professional stay ahead of trends and new business challenges which provides their organization with a true competitive advantage.
Key Benefits of PROPHIX Analytics
Production & management reporting - PROPHIX allows you to pull information directly from your production systems to create and analyze your information. You can provide consistent, timely, and accurate reports from both a financial and operational perspective. PROPHIX makes it exceptionally easy for end users to create, modify and publish their own reports and schedules.
Financial & operational analysis - Financial analysis is made easy using tools
such as variance reporting. Variance reporting allows professionals to compare
any series of numbers and determine the delta. Eliminate days, if not weeks, from
the financial reporting process, which is especially critical for meeting the
demands of Sarbanes-Oxley.
Ad hoc analysis & decision support - Easily perform ad hoc analysis to support
your decision making process. PROPHIX ad hoc analysis allows you to create
multiple scenarios to understand the impact of potential decisions. Identify key
drivers and variances, and forecast with multiple planning scenarios.
Multidimensional & relational reporting - PROPHIX allows you to report in
multiple dimensions to create unique views and analyses of your data. PROPHIX
provides the ability to create boardroom- quality reports for ease of understanding
and professionalism. Design and manage graphical reports with drill-through
functionality, slice and dice, pivot table-like functionality, and more.
Interactive Dashboards - Build an interactive dashboard and drill-down directly
to your source data. To understand the key variances and support
those variances with source data. Powerful financial analytics instantly assess
your company's financial position, profitability, and other key performance
indicators.
Standards-based technology - PROPHIX leverages Microsoft Analysis Services for
real-time OLAP, "slice-and-dice" and ad-hoc analysis.
Unified Solution and platform - This allows PROPHIX to provide a unified
solution for the whole of your enterprise reporting requirements; everything you
need is available from a single application, database, and user interface.
Take the next step > Contact a customer service representative to find out how
you can leverage PROPHIX Analytics in your business.
Call - 1 (800) 387-5915 or 905-279-8711
E-mail - slawson@prophix.com
- 1.800.387.5915
- Contact Sales Online
- Find your Regional Manager
- May 13th, 2008 at 9:00am ET
- May 15th, 2008 at 12:00pm ET
- May 21st, 2008 at 1:00pm ET
- Sign Up Now!




