Link project plans to corporate plans and forecasts
In order to best evaluate the merits of your company’s projects, you need complete visibility into the impact that these initiatives will have on your financials, highlighted on the income statement, balance sheet, and cash flow statement. Unfortunately, if your organization models project-related revenues and expenses in spreadsheets or homegrown project planning systems you will struggle to incorporate data from disparate source systems or track the decisions involved in the project planning process. This means that you have no accurate reporting mechanism and no established feedback loop to ensure the alignment of project sponsors and financial decision makers.
Prophix allows you to collaborate across your organization and understand the potential outcomes of proposed initiatives, with a completely integrated project plan and financial plan from a single, unified software solution.
OTHER BENEFITS INCLUDE
Detailed revenue plans and expense plans for projects, tracking key project drivers and metrics (both quantitative and qualitative). Prophix reduces your reliance on manual processes and spreadsheets, and directly assigns project expenses to departments and/or cost centers
Increased collaboration: Earn buy-in for projects by creating ‘what if’ project planning scenarios that clearly display potential end results
Greater organization agility and control, with the ability to adjust ongoing projects as changes occur to allocated resources and project funding
Accurately report and forecast the financials from ongoing projects, and provide transparency into final results with pre-built tools for advanced data analysis
Enhanced visibility of important projects across the organization with the help of scheduled report distribution
Other Popular Solutions
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"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 - ControllerLearn More
"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 CorporationLearn More
"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 SpecialistsLearn More
"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 NortheastLearn More
"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 ExecutiveLearn More
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