Integrate your accounting and treasury data to more effectively forecast

For many organizations, forecasting the Balance Sheet is an afterthought. But relying on traditional methods like cash ‘plugging’, and using tools like spreadsheets has made this integral part of financial corporate management problematic because one of the consequences of this approach is not truly understanding your cash position.

But more modern and effective approaches to managing your cash are available. A corporate performance management (CPM) solution like Prophix not only offers organizations an integrated and auditable system of record, it also offers users a more comprehensive financial view and improves communication, coordination and collaboration across departments and divisions.

OTHER BENEFITS INCLUDE

Financial details from the operational areas of your business are easily collected and organized allowing for a more detailed and accurate Balance Sheet forecast.

Build multi-dimensional forecasts to get a more comprehensive view of the business from all perspectives.

With greater granularity and analysis, you can better understand and report on the fluctuations to your cash position.

No longer prepare a separate cash forecast based on short-term events. Instead create an accurate Cash Flow Statement that is understandable and accountable.

Prophix’s unified corporate performance management software delivers all these capabilities in a single product. Address your forecasting needs and reap the added benefits of effective cash management.

Cash flow planning with Prophix drives more accurate business decisions

Integrating a CPM solution with your transactional systems is the first step to realizing your planning and forecasting dreams. Doing so will enable you to not only accurately forecast your business, but also provide a comprehensive view into your company’s financial performance.

Prophix delivers the ability to better analyze your financial data. Understanding your financial performance along with your cash position will provide your executive team with the ability to properly time investments, ensure purchases are in alignment with organizational objectives and even positively impact relations with your bank. More importantly, organizations with greater visibility into their company’s financial health can quickly and easily track performance against plan, thus enabling course correction if required.

The benefits of integrating your transactional systems with a CPM solution have been proven time and time again with organizations around the world. The transformative nature of CPM software is in its cumulative effect. Address one area of your business and watch how automating your financial processes impact other areas of your business.

Testimonials

steve_spacesaver

"I know that our financial reports are 'rock solid' - they are always accurate and complete. I can say that with confidence because we use Prophix's software."

Spacesaver Corporation Steve Anderson - Controller
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trevor_neogen

"Prophix's software helps us make better, faster, and more reliable business decisions. At the same time, Prophix's on-going support is outstanding. Working with Prophix is like having our own secret weapon."

Trevor Booth Budget & GL Manager - Neogen Corporation
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jason_park

"Prophix's software makes my life easier - pure and simple. It has the functionality that I need to do my day-to-day finance tasks and improves how we work as a Finance department."

Jason Norman Senior Financial Analyst - Park Dental/The Dental Specialists
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richard_aaa

"Regardless of your business or the industry in which you operate, when you conduct strategic planning, turn to Prophix's software. It has proven itself to be a critical tool for me when making decisions that shape our organization's strategic direction."

Richard Pacheco II CPA, Vice President, Finance & Administration - AAA Northeast
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hyundaitestimonial-thumnails

"Using Prophix to automate Hyundai's financial processes has allowed us to plan for our organization's needs as far as 5 years out. Rather than compiling reports, our analysts now provide value for the company by evaluating and understanding Hyundai's data with a clear view of what the information means for our company."

Hyundai Motor America Jim Carter - Finance Executive
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