Automating Budgeting & Forecasting for Retail Companies

Prophix Jul 25, 2016, 7:20:00 AM

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As a finance and business leader in the retail industry, you face unique challenges when it comes to managing the financial aspects of a complex system. As competition and consolidation pressures mount in the retail sector due to the sluggish economy and lack of consumer confidence, you need accurate real-time data at the store level that rolls up to the corporate level to better manage your business to profitability.

Floor & Décor, a leading specialty retailer, implemented Prophix’s CPM software to plan and manage store and inventory performance. With Prophix Floor & Decor was able to realize goals including:

• Accurate budgeting from a single data source
• Revised budgets based on performance
• Pinpointing top-performing materials by store
• Making data driven decisions

Take a look at our interactive flipbook to learn more.

Prophix

Ambitious finance leaders use Prophix to drive progress. By improving the speed and accuracy of decision making, Prophix’s Financial Performance Platform elevates the talents of finance teams to do their best work. Crush complexity, reduce uncertainty, and illuminate insights with access to best-in-class AI insights and planning, budgeting, forecasting, reporting, and consolidation functionalities. Prophix is a private company, backed by Hg Capital, a leading investor in software and services businesses. More than 2,500 active customers across the globe rely on Prophix to achieve organizational success.

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