Detailed Planning screenshot Templates screenshot Templates screenshot Templates screenshot Templates screenshot Templates screenshot

We hope you have been enjoying the weather, relaxing nights on the patio, and taking some much-deserved holiday time. However, at Prophix we have been working hard to deliver one of our most important releases to date. Prophix is in a unique position to be one of the first CPM vendors to release a solution with add-on Artificial Intelligence (AI) capabilities. These new capabilities will serve to enable your very own Virtual Financial Analyst. within Prophix.

What’s New in the Summer 2019 Release?



Discretionary Allocations Icon
Discretionary Allocations screenshot Click to Zoom

Discretionary Allocations increases the accuracy of cost allocations. Now, the Detailed Planning Manager (DPM) can allocate the costs of items such as shared resources and assets across multiple groups, departments or lines of business.

Detailed Planning

Document Search capability is now available in Document Explorer. No more clicking through directories looking for the right file. Document Search provides much quicker access to the files you are looking for.

Templates
Document Search screenshot Click to Zoom
Document Searchates Icon
Templates Icon
Templates screenshot

Document Search capability is now available in Document Explorer. No more clicking through directories looking for the right file. Document Search provides much quicker access to the files you are looking for.

Templates
Detailed Planning Icon
Detailed Planning screenshot Click to Zoom

Cell Range Charting - The ability to chart specific data has been added to Template Studio. Now, users can select a subset of data by Cell Range that they would like visually represented in a chart.

Detailed Planning

These new capabilities, coupled with new visual enhancements made to the Dashboard user interface, are designed to improve the user experience and help you budget, plan, and report even more efficiently.

New Virtual Financial Analyst

powered by Prophix AI

(Cloud only)



Prophix is in a unique position to be one of the first CPM vendors to release a solution with Artificial Intelligence (AI) capabilities. These new capabilities will enable your very own Virtual Financial Analyst within Prophix. The Virtual Financial Analyst powered by Prophix AI, is easily engaged by voice or keyboard entry. It can quickly analyze massive amounts of data and highlight actionable insights with the speed and accuracy no scale of humans could ever economically achieve. Resulting in the Virtual Financial Analyst freeing you up to spend more time on value-added work and less time on investigation or repetitive tasks.

These improved efficiencies come from three new add-on AI capabilities powered by Natural Language and Machine Learning running on an affordable and scalable cloud infrastructure.

Task assistant Icon
Detailed Planning screenshot Click to Zoom

Task Assistant is for organizations who believe their people should be focused on growing their business, not wasting time doing repetitive tasks. Task Assistant uses Natural Language skills powered by Prophix AI to automate day-to-day tasks. Simply ask Task Assistant to list your assigned workflow tasks, run a process, or distribute a report binder and it will complete the task for you.

Detailed Planning

Chart Insights extends the important details contained within your dashboards to your eyes and ears. Stop spending hours digging through spreadsheets or interpreting dashboards. Get to the answers you need quickly and easily. Chart Insights analyzes the complete dataset behind the dashboard automatically surfacing the data relationships not obvious in dashboard visualizations alone, then provides an efficient summary of key performance metrics found buried within Prophix charts. It then summarizes the important insights and tells you what you need to know in plain-English.

Simply click on any supported chart on your Prophix Dashboard to get the important insights communicated to you visually or by voice.

Templates
Templates screenshot Click to Zoom
Templates Icon
Templates Icon
Templates screenshot

Chart Insights extends the important details contained within your Prophix financial Dashboards to your eyes and ears. Get answers quickly and easily. Stop spending hours digging through spreadsheets or interpreting Dashboards. Chart Insights analyzes your data and tells you what you need to know by forming plain-English stories powered by AI. Supported chart types include line charts, bar charts, pie charts area and column charts.

Templates
Anomaly Detection Icon
Anomaly Detection screenshot Click to Zoom

Anomaly Detection enables new levels of efficiency by quickly analyzing mass amounts of data and turning them into actionable insights. It re-invents financial risk analysis by leveraging Machine Learning AI to automatically detect and notify users of risky transactions (unusual anomalies) across 100% of your data, with the speed and accuracy that humans cannot effectively deliver. This results in a dramatic reduction in time, errors and mitigates the risk associated with traditional FP&A processes such as monthly, quarterly, and yearly period closing, internal audits, account reconciliations and more.

Anomaly Detection

The Virtual Financial Analyst, powered by Prophix AI, transforms the way your work by simplifying engagement, improving insights, and reducing risk. Budget, plan, and report faster and more efficiently than ever before.