Key Consolidation Software Features

• Import Wizard and data connectors – With PROPHIX data connectors, datasets can be created to retrieve data from any source system. Importing data via the Import Wizard allows for data mapping which ensures that data consolidations are accurate.
• Multiple hierarchies – PROPHIX supports organizations with multiple roll-up or consolidation paths, satisfying the needs of various stakeholders.
• Multi-currency support – The ability to convert between a native base currency and functional reporting currency is of paramount importance to organizations with multiple disparate entities spanning many countries. With PROPHIX, multiple currencies, exchange rates, and rules are easily maintained within the business model—and conversions are performed at a click of the button.
• Process Manager – The PROPHIX Process Manager facilitates manual tasks by automating tasks such as intercompany eliminations, allocations and minority interest calculations. These automated processes ensure consolidated data is accurate and up to date.