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Manually collecting, consolidating, and formatting data are tasks of the past. With Prophix, you can automate these processes and put time back into your team’s schedules. Simply schedule your reports to be compiled and let Prophix’s automated report creation and distribution capabilities do all the work for you.
Automating your reports will take several tasks off your to-do list, such as compiling data, assembling end of period summaries or board books, and distributing reports to stakeholders. You’ll increase productivity as you spend less time translating complex spreadsheets into printed reports. When you use Prophix, you’ll also reduce your reliance on your IT department, as you have greater control over the data necessary to perform these vital tasks.
Not everyone in your company likes delving into complex spreadsheets to analyze data. With Prophix’s reporting functionality, you can create visual data representations that everyone in the company can easily analyze, drill-down, and compare to at the transactional level. With these data insights, stakeholders can better understand the why behind outcomes, while also seeing the big picture.
Whether on an individual or group level, Prophix gives you the flexibility to dramatically improve and secure your organization’s access to data with automated report distribution. You can be confident knowing that sensitive information is centrally managed and protected, providing piece of mind while improving cross-functional collaboration.
Reports play a key role in maintaining compliance with standards such as GAAP and IFRS. When you’re not properly reporting your financial data, your company could face the risk of falling out of compliance or having to pay fines. With Prophix, reports can be created with a few clicks, and you’ll rest easy knowing that you are complying with crucial financial standards.
Prior to implementing Prophix, we would spend at least 80 hours a month just generating and emailing reports. After those reports were generated and emailed, we spent many, many more hours analyzing data and pulling details for our users. At this point, I spend about three hours and month maintaining our data structures.
Nate Esser Assistant Controller Mattress Firm
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Reporting doesn’t have to be a challenge or a time-consuming task anymore. With automated report creation and distribution, you can spend more time analyzing data than gathering and formatting it.
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