NO MORE TEDIOUS MONTH-END CLOSES - AUTOMATE FINANCIAL CONSOLIDATION
Faster, smoother financial consolidation without the stress
Tired of complex financial consolidation and last-minute errors? Prophix automates the entire process, so you can close the books faster and focus on strategic insights, not manual reconciliations.
Why choose Prophix One™ for financial consolidation software
Eliminate consolidation complexity
Financial Consolidation software was developed by experts who understand the unique requirements for a streamlined month-end close process. Leveraging best practices, it removes the complexity of consolidation by automating processes like multi-currency translations and sub–consolidation, ensuring multi-GAAP and IFRS compliance and much more to reduce the need for expensive customizations. Regardless of your group structure, depth, or unique chart of accounts, Prophix can execute complex account consolidations in seconds for faster insights that drive better business outcomes.
Built-in customizable audit reports
The need for transparency and data traceability is paramount. Financial Consolidation software enables the creation of detailed and fully customizable audit reports when needed, simplifying and expediting internal or external audit processes and significantly decreasing the cost and resources spent on audits. By providing user licenses specifically tailored for auditors and a library of configurable audit report templates, Prophix One gives auditors the tools and transparency to self-serve and streamline the audit process ensuring the accuracy and integrity of your consolidated financial statements.
Integrate and automate data collection across business systems
No matter whether your company is dispersed across different regions, currencies, or business systems, your data collection is made easy. With an easy-to-use interface, Financial Consolidation simplifies the data exchange between our platform and other business systems without involving IT. Using automated imports, integrations, and validation rules, you have complete visibility and control over your data throughout the entire consolidation process resulting in quality consolidated financial reporting.
Financial consolidation success stories
Ravago
From improved data quality for consolidation and reporting to achieving significant time savings due to less manual input, see how Ravago empowered subsidiaries to input data and create reports.
Galapagos
From managing currency and translation adjustments to ensuring audit quality and complete information traceability, see how Galapagos streamlines their processes and shortened their closing timeframe.
Alter Domus
From significant time savings to high-quality information and data, now Alter Domus can offer consolidation services in multiple accounting standards including accelerated review of consolidated accounts.
Hear from real customers
