Prophix transforms planning into a decisive competitive advantage

Many organizations have multiple businesses, product lines, departments and geographical locations. Aggregating all of the related data for financial reporting, forecasting, budgeting, and long-term strategic planning presents a huge challenge. Prophix’s Corporate Performance Management (CPM) software solves this problem by enabling organizations to achieve integrated financial planning and ultimately improve their long-term strategic decision making.

Integrated financial planning is a combination of technology and processes that connects the planning function across an organization to improve operational alignment and financial performance. It accurately represents a complete model where the company links strategic and operational planning with financial planning.

Basic planning is often built around budgeting and usually done within the finance department. By contrast, integrated financial planning is centered on translating insight from the operations of an organization into financial impact. By deploying a unified application across functions and leveraging the organization’s data, management are able to use integrated financial planning to evaluate activities and plans based on the true economic impact of each critical business and operational segment.

An important aspect of integrated financial planning is the ability to include drivers, both financial and non-financial, to model expected outcomes. The benefit of this is that it provides organizations with the ability to adjust drivers in any area of the business and immediately track the financial impact, even down to the cash flow level. This helps to align planning across the enterprise, which enables decision makers to identify the activities that deliver the greatest financial impact across the company.

OTHER BENEFITS INCLUDE

Providing an integrated planning platform across marketing, operations, and finance

Generating a holistic understanding of performance drivers and identifying top financial (profit) drivers

Quantifying the financial impact and interdependencies across planning alternatives

Optimizing strategic planning and resource allocation

Balancing sales and operations planning for profitability

Quantifying financial risk

Increasing business flexibility

Answering “what-if” scenarios

Achieving success with integrated financial planning

Numerous companies of all sizes, from various industries have already used Prophix’s software to connect their disparate planning processes within a single unified environment. Prophix integrated financial planning has been used to successfully model and integrate the planning efforts in a number of applications, including:

  • Sales and revenue planning
  • Personnel planning
  • Product profitability planning
  • Balance sheet and cash flow planning
  • Customer profitability planning
  • Capital expenditures (CapEx) planning
  • Manufacturing operations performance
  • Supply chain efficiency
  • Incentive compensation planning
  • IT project planning

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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prophix-logo-testimonial-page

"The best way to predict the future is to create it."

Peter Drucker Author, Educator, Management Consultant
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