Actionable Insight

Many companies give end-users access to transactional data using Business Intelligence (BI) applications. For some departments, this works nicely, but the office of finance has more complex analytical needs and most BI applications fall short when it comes to enabling users to deep-dive into the data.

To perform anything more than the most basic analysis requires that you manually download the data into a spreadsheet and develop mathematical formulas yourself. As we’ve come to realize, this method is not only prone to error, but time consuming and resource intensive.

With a corporate performance management application like Prophix, your reports are no longer static but interactive, and your errors are minimized if not removed entirely. Prophix also delivers built-in capabilities like pre-defined calculations to help you analyze the numbers with ease.

OTHER BENEFITS INCLUDE

Prophix’s ad-hoc analysis provides you with the ability to quickly slice and dice data across various levels of detail (such as GL accounts, entities, companies, customers, and products), at either the aggregated or individual member level of detail. This enables better comparison and analysis of the data using simple drag-and-drop functions.

Deep dive into the data with Prophix’s dynamic and interactive analysis capabilities. Drill-up or drill-down on information, understand assumptions and source information. Drill across to see individual transactions that contribute to the bottom line.

Patented delta analysis capabilities make it easy to compare any time series data, financial or operational data across time, department, or any contingency you choose.

Add cell comments and attach documents that explain why actions were taken and how. The comments travel with the figures, so that even months later, or on another report, the details are still available.

Little to no training because Prophix delivers what users are used to seeing in spreadsheets and pivot tables, users intuitively understand how to use the software.

Prophix Dashboard Studio provides self-serve dashboards and visualizations that directly integrate with Prophix data, workflow tasks, announcements and external URLs and databases.

Prophix enables multiple forms of self-serve analysis

Cash flow analysis. Revenue analysis. Profitability analysis. Financial statement analysis. Operational analysis. Ad hoc analysis. Prophix enables you to understand your data and make informed decisions.

Imagine fundamentally changing the way you source, report, and analyze your data. Imagine drilling-down then comparing your results against financial and non-financial goals, historical trends, and industry benchmarks. Discover how the most detailed data influences your results.

With greater functionality and ease of use you will see a holistic view of the organization’s performance while satisfying specific requirements for operational and financial analysis. With improved analysis, you’ve begun to facilitate engagement across your organization to investigate exceptions and trends, project out your results, and plan into the future.

Stop struggling to figure out how to your organization is doing. Know how you’re performing and understand how your organization can do better.

Let’s face it, effective analysis helps you plan better. With Prophix, you gain efficiencies, increase visibility, add security, and transform your finance team.

Testimonials

"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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"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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"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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"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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"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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NOTABLE CUSTOMERS

Coleman Cable
AAA Southern New England

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