For many organizations, forecasting the Balance Sheet is an afterthought. But relying on traditional methods like cash ‘plugging’, and using tools like spreadsheets has made this integral part of financial corporate management problematic because one of the consequences of this approach is not truly understanding your cash position.

But more modern and effective approaches to managing your cash are available. A corporate performance management (CPM) solution like Prophix not only offers organizations an integrated and auditable system of record, it also offers users a more comprehensive financial view and improves communication, coordination and collaboration across departments and divisions.

OTHER BENEFITS INCLUDE

Financial details from the operational areas of your business are easily collected and organized allowing for a more detailed and accurate Balance Sheet forecast.

Build multi-dimensional forecasts to get a more comprehensive view of the business from all perspectives.

With greater granularity and analysis, you can better understand and report on the fluctuations to your cash position.

No longer prepare a separate cash forecast based on short-term events. Instead create an accurate Cash Flow Statement that is understandable and accountable.

Prophix’s unified corporate performance management software delivers all these capabilities in a single product. Address your forecasting needs and reap the added benefits of effective cash management.

Testimonials

"With Prophix giving us a full understanding of our financials and how they relate to decision making, we hold our people accountable."

AAA Northeast Rich Pacheco - VP, Finance & Administration

Cash flow planning with Prophix drives more accurate business decisions

Integrating a CPM solution with your transactional systems is the first step to realizing your planning and forecasting dreams. Doing so will enable you to not only accurately forecast your business, but also provide a comprehensive view into your company’s financial performance.

Prophix delivers the ability to better analyze your financial data. Understanding your financial performance along with your cash position will provide your executive team with the ability to properly time investments, ensure purchases are in alignment with organizational objectives and even positively impact relations with your bank. More importantly, organizations with greater visibility into their company’s financial health can quickly and easily track performance against plan, thus enabling course correction if required.

FEATURED ASSETS