Prophix Named a Top Construction Technology Firm by Construction Executive Magazine for Second Consecutive Year

MISSISSAUGA, ONTARIO – Prophix Software, a global leader in Corporate Performance Management (CPM) software, today announced it was named as one of Construction Executive Magazine’s 2022 Top Construction Technology Firms™ for its contributions to innovating the construction industry through advanced technology.

“As the construction industry rebounds from the stop-and-start nature of projects driven by COVID-19, the ability to budget and forecast accurately and efficiently remains paramount for construction leaders,” said Alok Ajmera, president and CEO of Prophix. “Prophix’s cloud-based CPM software gives construction leaders the flexibility and autonomy to make on-the-fly adjustments as changes happen in real time – offering an important tool to make data-backed decisions that help ensure project success. We are proud CE has recognized Prophix’s leadership in providing much-needed financial technology for the construction industry.”

The construction industry continues to be a key market for Prophix as more construction companies migrate their financial planning to the cloud. Organizations including Lee Company, Hatzel & Buehler, Jon M. Hall, Sellen Construction, Encore Electric and CRH Canada all utilize Prophix to manage vital finance operations and improve competitive advantage.

In its September/October 2022 issue, CE published a comprehensive list of The Top Construction Technology Firms. CE asked hundreds of firms that provide technology and software solutions for the construction industry to complete a nomination form. After carefully scrutinizing the data collected, CE developed its 2022 Top Construction Technology Firms list.