Solutions

Key Budgeting Software Features

• Budget data entry templates – Excel-like data views provide extra security on the user-level and eliminate the need to create multiple spreadsheets. These provide secure data entry templates to all parts of the organization, which only show data relevant to each manager. Set up data entry templates for each user in a fraction of your time, and centrally update them at any point in the planning process; PROPHIX also supports template layout with multiple dimensions on any axis, i.e. "double down."
• Multiple budget scenarios – PROPHIX budgeting software versioning is easily controlled. This allows users to manage multiple scenarios and budgets throughout the organizational levels. Never worry about losing information as you alter your budget as you can refer back to older versions of your budget.
• Actual and budget data storage – PROPHIX budgeting software allows you to store your historical data in the system. This allows users to view historical data at a glance rather than waiting for reports or reviewing old files; you can get the information you need immediately.
• Scheduled direct link to General Ledger – PROPHIX budgeting software can import data from any of your existing systems that has an ODBC connection. The PROPHIX Import Wizard includes field matching, a formula editor to create and manage new fields, and the ability to pull data from multiple GL and ERP systems.
• Powerful data transformations – Base your budgets on previous years using flexible transformations; using the interactive, graphical tools and robust Process Manager tools, create different business scenarios based on actual or budget data--or based on other scenarios.
• Multi-user workflow – PROPHIX budgeting software offers powerful facilities for controlling the process of producing budgets and for workflow management. Permission can be assigned to users to access data, for either reading or writing, based on the data structure. Set up approvers so that departmental budgets are reviewed upon submission.
• Detailed audit tracking – PROPHIX budgeting software creates an audit trail for your budgeting process. Understand who made changes and when. This ensures consistency and accuracy throughout the process and allows auditors to review and validate your process.
• Notes, comments, line items capabilities – PROPHIX budgeting software allows users to add line item schedules and comments to their templates, which are automatically included in the consolidated budget.
• Automatic consolidation – The automatic consolidation of data eliminates the need to gather and organize multiple spreadsheets. No more broken links and invalid formula references.
• Offline data entry – With PROPHIX budgeting software, users can be part of the budgeting process without Internet connectivity or access to PROPHIX.
• Top-down data entry – Enter budget data at a high level and have data automatically allocated to lower-level members. Data can be distributed evenly across members, distributed based on existing data, or distributed based on any custom vector.
• Easy-to-use Formula Editor – Account calculations can vary from being simple to quite complex. The PROPHIX Formula Editor makes it easy for users to create formulas, providing a free-form text box and various options for additional functions.