Managing Multiple Roll-Up Requirements

Increased transparency

In a distributed organization structure, it can be difficult to manage and review the results across the organization. PROPHIX allows managers to quickly roll up multiple organizations to provide business analysts with a consolidated view of their organization. This improves transparency organization wide and allows managers to make changes.



PROPHIX allows you to see what tasks are assigned to you and provides you with links links to your actionable items.

Managing Currency in the Consolidation Process

When consolidating multiple companies in different geographic locations, managing currency is a key task. Currency variability can drastically impact the financial health of both parent company and subsidiary companies. During the consolidation process, effectively accounting and managing currency implications is essential. PROPHIX currency modeling allows organizations to understand and manage the implications of currency variability.
PROPHIX currency management allows you to:

Scenario Management

Scenario management provides organizations with a great deal of flexibility and power. In many organizations, different stakeholders have different requirements, and scenario management allows those stakeholders to get a view of the data they need. This allows managers to view their data as needed or create reports to suit any management or reporting needs.


Easily manage multiple stakeholder requirements using PROPHIX Scenario Management.

• Manage the implications of currency variability
• Manage currency transfer charges between multiple companies
• Analyze and develop forward-looking currency strategies

PROPHIX allows you to allocate all cross-company charges using our complex calculation engine. This allows you to manage key transactions throughout your organizational hierarchy. Some typical examples of consolidation calculations include:

• Allocation of profits
• Allocation of management fees
• Allocation of shared resources i.e. royalties 
• Interest calculation and inter-company transactions
• Currency transfers and allocations

PROPHIX allows you employ multiple methodologies when calculation allocations and inter-company eliminations. Using Process Manager and Workflow you can automate these calculations and define the processes that run under different situations. By employing select calculations in certain business situations ensure that consolidation is performed accurately and consistently. PROPHIX flexibility and control allows organizations to determine the impact of different roll-up scenarios and the impact to their organization.

Consolidation Calculation Example: During the consolidation process, organizations need to allocate different the usages of various resources throughout their organization. In this example the organization has over $900,000 in management fees it needs to allocate to its subsidiaries. PROPHIX allows you to use multiple methods to allocate that expense:

• Multiple Calculation Methods
• Spreading Methods
• Manual allocations

In this case the allocation is spread manually to each subsidiary companies. When spreading the expense to the subsidiaries PROPHIX allows you see the impact of your allocation throughout your report. The true power of PROPHIX lies in automating these key processes. Using Process Manager a user can  implement a specific spreading or allocation method, adjust the consolidation totals and automatically distribute reports via email to key stakeholders. 


 
PROPHIX not only allows you to manage your organizational hierarchy, it allows you to manage all of your calculations in a controlled environment. Managing key calculations is important during the audit process, PROPHIX allows you to demonstrate to key stakeholders how key calculations are securely managed and implemented.

Learn more about PROPHIX Allocations - Click here