Analysis with Olap Functionalities
PROPHIX Analysis with OLAP functionalities simplifies finding the underlying cause and assumptions behind your inquiries. It centralizes information and makes it easy to compare and contrast data on a daily basis without requiring IT's involvement. Because complex data queries and data linkages are not required, analyzing financial and non-financial information becomes part of your daily routine.
Benefits
Unlimited, yet protected analysis
PROPHIX's powerful database gives stakeholders the real power of OLAP by allowing complete analysis on any piece of data financial or non-financial in a user-friendly point-and-click format. The analysis is based on defined security rights and is similar to pivot tables in Excel, providing a familiar environment for stakeholders. All analysis capabilities are included in the PROPHIX database, therefore, maintaining data integrity and following security privileges at all times.
All-encompassing data cell interaction
PROPHIX encompasses multiple user-friendly embedded analysis capabilities that allow businesses to react when necessary in a rational format. Stakeholders interact with and analyze data by drilling across into read-only supporting transactional data, and by accessing supporting details such as line items and comments from within the reporting and data entry templates. The single source of interaction provides an intuitive and consistent interface to analyze data from multiple perspectives.
Outliers become obvious
PROPHIX includes pre-calculated variance analysis that immediately illustrates values that are significantly different from the other measures of interest. Multi-year analysis and year-over-year comparisons are displayed in a data or graphical format to easily recognize trends and significant variances between plans and historical actual data. Analyzing and comparing values becomes a regular, integrated process rather than a decentralized process conducted through side sheets that only certain individuals can access.
Base case, best case and worse case scenarios
PROPHIX provides stakeholders unlimited analysis capabilities with creating multiple what-if or scenario plans. Base case, best case and worse case scenarios can be created, considering known and unknown facts for detailed and/or high-level analysis. Scenario planning and analysis significantly reduces strategic risks and provides visibility into the validity of planning assumptions.
Automatically created audit trail
PROPHIX auditing automatically tracks events within the PROPHIX model, enabling administrators to monitor activities such as account changes, user logins, and workflow project updates. These records are invaluable when analyzing data and understanding the flow of activities that occurred to reach a particular end-result. Companies required to comply with the Sarbanes-Oxley Act can easily illustrate all formulas, assumptions, and changes that occurred.
"Overall, we have enhanced and saved; it would have cost $100,000 in the old system to produce the same results."
- Mark Gannuscio, Chief Financial Officer
>> Key Analysis Software Features
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- Case Studies
- Read how other companies are successfully using PROPHIX to enhance their business and improve efficiency
- ERP Interfaces
- PROPHIX interfaces seamlessly into hundreds of ERP systems
- The CFO's Checklist
- Tips for evaluating a BPM Solution
