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PROPHIX Analytics


Scorecard AnalyticsAnalytics 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: 

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.

Controlled Analytics

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 



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