Many organizations have multiple businesses, product lines, departments and geographical locations. Aggregating all of the related data for financial reporting, forecasting, budgeting, and long-term strategic planning presents a huge challenge. Prophix’s Corporate Performance Management (CPM) software solves this problem by enabling organizations to achieve integrated financial planning and ultimately improve their long-term strategic decision making.
Integrated financial planning is a combination of technology and processes that connects the planning function across an organization to improve operational alignment and financial performance. It accurately represents a complete model where the company links strategic and operational planning with financial planning.
OTHER BENEFITS INCLUDE
Providing an integrated planning platform across marketing, operations, and finance
Generating a holistic understanding of performance drivers and identifying top financial (profit) drivers
Quantifying the financial impact and interdependencies across planning alternatives
Optimizing strategic planning and resource allocation
Balancing sales and operations planning for profitability
Quantifying financial risk
Increasing business flexibility
Answering “what-if” scenarios
"With Prophix giving us a full understanding of our financials and how they relate to decision making, we hold our people accountable."