Take it from a prophix user
"Using Prophix's software to automate the creation of our annual budget has been a real game-changer - and we have improved our forecasting, too. We also generate reports on-demand that compare actuals, budgets, projections, previous year data, and variances."
Utah State University - Ashley Naegle, Business Manager
Consider this for a moment
Constant fluctuations in operating costs and revenue streams can make financial planning for higher education institutions a headache.
We’ve developed a budgeting and planning platform that allows you to spend less time creating and managing financial processes and more time building innovative programs and learning experiences.
Meet the challenge of aligning CapEx with financial plans
Prophix’s capital planning solution helps you get early buy-in for projects and speed up the approval process by using what-if planning scenarios. Track and monitor revenue and expense actuals against plans, funds and business drivers. You need the ability to adjust forecasts as changes occur to funding and plainly see how its impacts your financial statements. You need Prophix.
Budgeting is both critical and time-sensitive
Budgeting is a smooth process with Prophix. Intuitive budget templates make it easy for academic and administrative Department Heads to enter, update, and validate data. Budgets are now able to keep up with the pace of the rest of the institution – less time spent compiling reports means more time available to operate.
What if you could monitor all your performance KPIs at-a-glance?
Prophix allows you to track all vital KPI’s across your financial, operational and student information systems. Find out which programs are over-spending by tracking spending per student or align faculty resources to programs based on faculty-to-student ratios. Through simple and visual dashboards, campus leaders, department heads and finance can monitor performance and track progress to achieve set goals.
Maintaining fiscal responsibility is key
Higher Education institutions must balance fiscal responsibility with the best interests of students, staff and faculty. Prophix is your way to create a single source of the truth, by centralizing all your financial data – from your accounting source systems to your budgeting and planning information. Automated distribution of reports from a trusted source, sound good to you?