Solutions

Planning

PROPHIX Planning gives companies the opportunity to create, monitor and measure their business plans and continually align the plan to key planning applications such as budget, forecasting, reporting, consolidation and analysis. PROPHIX creates top-level plans and disseminates them down to lower-level management for execution and continuous review. Control is brought back to the process and more time can be spent analyzing the results rather than waiting for information.

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Benefits

Collaboration across departments

PROPHIX Planning is a collaborative effort that encompasses multiple departmental perspectives ensuring buy-in and a complete understanding of how contributions affect overall success. Multiple planning scenarios can be created and tested, involving key stakeholders to ensure all assumptions and requirements are considered. Successful planning is inevitable through controlled collaboration.

Integrated top-level planning

Executives can create top-level plans to be used essentially as a guideline when department managers are entering budgets and reforecasting. Through different account rule sets, without having to spend countless hours restructuring accounts or heavily re-modeling, all stakeholders are informed of planning guidelines when creating budgets and reforecasts, ensuring budgets are aligned to corporate planning.

Alternate roll-up opportunities

PROPHIX offers the ability to display different assumptions such as adding a new entity, department, and/or product line and the information automatically consolidates into total amounts. The power of the PROPHIX OLAP solution resides in its ability to quickly answer highly summarized questions such as "What is the effect if we add a new product line to sales in Europe by quarter?" The automatic consolidation of data allows endless planning assumptions to be applied by management.

Ease of testing planning assumptions

Because PROPHIX centrally stores all data, historical actuals, forecasts, and budgets, the ease of testing planning assumptions is not bogged down with data integration and consolidation issues. Using PROPHIX's inherent planning capabilities, organizations can break away from simply using PROPHIX for financial data, and now perform sales and operational analysis. Data can be broken down for further investigation and inquiry.

Various planning options

PROPHIX Planning incorporates many ways to plan and create corporate goals while upholding data integrity and precision throughout the process. PROPHIX's built-in planning features and data manipulation calculations provide many opportunities for companies to create specific formulas that meet the exact requirements and needs of all levels of management.

>> Key Planning Software Features