Solutions

PROPHIX Express

Enterprise-level functionality offering a rapid implementation & a lower total cost of ownership

PROPHIX Express is the mid-market's leading solution designed to quickly create budgets, mid-year re-forecasts, financial reports, and variance analysis. PROPHIX Express is developed on the world's leading analysis engine, which provides an in-depth understanding of financial data.

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With PROPHIX Express you get all the benefits of PROPHIX 10 in a rapidly implemented pre-packaged solution. Perform basic budgeting, planning, forecasting, reporting and analysis functions with ease and the lowest total cost of ownership in its class. Business users benefit from the easy-to-use and powerful budgeting, planning, and forecasting functionality included in PROPHIX Express.

The financial business intelligence capabilities allow organizations to report, analyze, and react quickly to changing market conditions. Thousands of companies around the world use PROPHIX to reduce spreadsheet errors, increase collaboration, and expedite the budgeting, planning, and reporting processes. PROPHIX Express features the fastest implementation in its class by utilizing pre-built templates, and remote or on-site implementation methods.

Enhanced collaboration across departments

In a controlled, secure environment, increased user involvement promotes data ownership and integrity. PROPHIX Workflow creates a budget forum that supports various contributors, reviewers, and approvers across the organization. The visually appealing graphical display of budget status quickly informs budget managers when budgets are late and if action is required. Whether users are offline and remote or connected and on site, PROPHIX Workflow simplifies the multi-user budgeting process.

Shortened cycle times with automated budget to actuals comparison

Eliminate the time spent waiting for reports. PROPHIX's budget templates and reports automatically contain embedded budget to actual variance comparisons, offering real-time information. Budget drafts or specific variance comparisons for a particular budget scenario are streamlined with the flexible calculation methods.

Improved accuracy with the elimination of broken links and formulas

Finding and correcting inaccurate data is an extremely time- consuming task, yet can be avoided by eliminating links and formula references. PROPHIX utilizes Excel-like SmartViews™ that include centrally stored formulas and data, providing extra security at the user level. Data entry templates are set up for each user in a fraction of the time and can be centrally updated at any point in the planning process, eliminating the need to create multiple spreadsheets.

Continuous timely projections

Being prepared for market changes involves consistent re- forecasting, and with PROPHIX, the process is simple with automated extraction and consolidation tasks on actual and plan data. Extracting and compiling data on a daily, weekly, monthly, quarterly, semi-annual or annual basis is no longer cumbersome or disconnected. Rolling forecasts are continually updated as time rolls forward and adjustments are necessary; and complex waterfall forecasts can be created with ease, providing timely and informative forecasted projections for immediate response and reaction.

Improved alignment throughout the organization

PROPHIX ensures corporate objectives are communicated to stakeholders. It becomes clear the task they have been assigned and how that task affects overall corporate strategy. The intuitive planning process graphically informs and measures plans to overall goals to ensure you are on track and that goals are successfully reached.

Faster, more informed decisions with one-step forecast adjustments

Required changes only need to happen once in PROPHIX, not several times on individual worksheets and/or templates. All forecasting and business assumptions are centrally stored within PROPHIX Account Manager, PROPHIX account rule sets and PROPHIX Process Manager, so when an adjustment is made, the effect automatically cascades down through the organization and hits the bottom line.