When you’re making decisions, you want to know that your choices maintain or 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 your crucial profitability measures including:
Prophix’s Profitability Analysis puts you back in the driver’s seat with the tools you need to make sense of your data. Better understand the current state of your profitability to drive your bottom line. Find key trends, visualize them, gain a competitive advantage, and build a foundation to take full advantage of opportunities.
Profitability analysis tools can help you evaluate ways to change your business and analyze the impacts that potential adjustments may have. Unlike time-consuming spreadsheets, Prophix provides a platform for you to quickly and easily model “what if” scenarios to play out future events, enabling management to determine the best and least risky path forward. 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? Or, should we invest in a certain project? These insights will help put your business on the course for a bright future.
With Prophix, there is more accountability for company and departmental performance. Using these profitability insights, you can determine things like which products, services, or channels you should maintain, adjust, or discontinue. And, you’re empowered to quickly deliver precise information for faster and more effective decision-making.
Prophix’s profitability analysis capabilities enable insights into ways to effectively reduce costs and optimize performance. You can identify how direct and indirect costs are assigned to products, customers, services, and distribution channels. Based on these insights, you can pinpoint which costs can be reduced and where profitability can be enhanced. Take it a step further with Prophix’s Anomaly Detection and let Machine Learning uncover errors and exceptions in your data, saving you time, minimizing loss, and mitigating risk.
Data-driven decisions are really important at Westfield, and I think Prophix really augments that. It’s a great tool for us within the financial organization to provide good information for the company, and they can use that information and data to make well informed decisions.
Michael Flanagan Financial Planning & Analysis Leader Westfield Insurance
With Prophix, you’re getting new insights into your business’ profitability and performance. This instantaneous view of your organization and how you’re operating empowers you to make the necessary improvements.
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