Watch our demo video to see Prophix profitability analysis features in action!
"[Prophix] really gives you the ability to budget at an individual person level. So, you can actually calculate telephone expense, salary expense, automobile expense at a very detailed level, which then can be aggregated up."
Westfield Insurance Michael Flanagan, Financial Planning & Analysis Leader
When you’re making decisions, you want to know that your choices maintain and increase profitability for your business. Analyzing and projecting your profitability levels doesn’t have to be time-consuming guesswork.
When you have Prophix to support your efforts, you can evaluate your business’ profitability and gain new insight into the impact of your decisions. With Prophix, you can quickly and effortlessly evaluate the crucial profitability measures at the individual product level, product line or even by projects… there is no limit.
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Prophix Profitability Analysis: Understand Profitability at a Deeper Level
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Using Prophix, you have increased accountability into both overall performance and performance at a departmental level. Using these profitability insights, you can determine things like which products, services, channels, or customers you should maintain, adjust, or discontinue. And, you’re empowered to quickly deliver precise information for faster decision making.
If you’re looking for ways to effectively reduce costs and optimize performance, Prophix’s profitability analysis features are your strongest tools. You can identify how direct and indirect costs are assigned to products, customers, services, and distribution channels. Based on those insights, you can pinpoint which costs can be reduced and where profitability can be enhanced.
Plan for the Future
Most importantly, profitability analysis tools can help you evaluate ways to change your business for improved profitability, and analyze the impacts that potential adjustments may have. For example, you can answer questions like, do we have capacity to increase the production of a specific item and how much will it cost? These observations help you put your business on the best course for the future.
With Prophix, you’ll be putting a whole new level of insight into your business profitability. This instantaneous view of your business and how you’re operating empowers you to know exactly where improvements can be made.