Identify revenue trends to sell more and sell smarter

Accurately predicting revenue is one of the most challenging exercises for organizations today. The proliferation of poorly integrated CRM tools along with the constraints that come with data silos and manual processes have left organizations unable to accurately forecast their sales numbers.

Why does revenue planning matter? Sales is the lifeblood of every company, but forecasts can change rapidly, so having the flexibility to create alternative scenarios quickly and efficiently is essential.

OTHER BENEFITS INCLUDE

Apply consistency and usability to the data you receive from sales. Create a data entry template that sales reps can easily populate and submit for review. Streamlining this process will increase employee participation rates in your planning process.

Detailed Planning capabilities within Prophix allow you to vary inputs and see changes to the bottom line immediately. Compare multiple scenarios to determine which course of action is best for the business.

The flexibility to create exceptions where required in order to accurately forecast revenue recognition.

Monitor progress against plan by making relevant information about the forecast available to everyone who needs to see it. With everyone looking at the same information, your company is now working off a single version of the truth.

Evaluate revenue assumptions and make adjustments without jeopardizing the data’s integrity.

Consistently analyze and report revenue in order to understand your profitability and cash position.

Prophix delivers collaborative and integrated sales planning

Prophix has developed sophisticated workflow capabilities that enable multiple users to contribute their information in a timely and consistent manner. Prophix also fully integrates with any GL, CRM or ERP system to automatically pull in large amounts of transactional data with ease. Don’t worry. You won’t be on the hook to decipher or organize this information. Prophix does all the work for you.

Gain a solid understanding of sales revenue from any perspective, including by customer, SKU, product, or even geography. Forecast the direct costs associated with your sales plan using standard costing methods. Take advantage of top-down and bottom-up modeling capabilities to analyze sales performance by individual and/or team. Use Prophix and your revenue plans become part of a larger management process, with awareness extending beyond the sales team.

Prophix increases visibility into your revenue plans

Prophix’s corporate performance management software is tailor-made to solve your revenue planning challenges. You can model the workflow on the way you currently work or add checks and balances to bring increased transparency to your planning tasks.

Prophix increases visibility into your revenue plans

With Prophix, you can tie your revenue plans to your corporate goals and understand where you’re trending, at all times, in relation to these goals. Monitoring your revenue – and making related decisions to keep that progress on track – just got a whole lot easier.

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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hyundaitestimonial-thumnails

"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 Executive
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