FINANCIAL MANAGEMENT FOR PROFESSIONAL SERVICES

Align people, projects and profitability in real time

Why choose Prophix One for financial management in professional services

Optimize project profitability with what-if scenarios

Run what-if scenarios in Prophix One FP&A Plus to assess the financial impact of changes in project scope, timelines, resource allocation, or client requirements, enabling data-driven decisions that enhance project outcomes and performance.

Streamline reporting and boost accuracy

Eliminate manual data gathering and reporting with Prophix One’s automation tools, saving time and ensuring greater accuracy for informed decision-making.

Unlock real-time KPIs for faster decisions

Use Prophix One’s dashboards to access real-time visualizations of your KPIs, empowering you to gain better insights into your operations and effectively track success.

Seamless ERP integration for real-time insights

Seamlessly integrate your ERP, such as Microsoft Dynamics 365, NetSuite, QuickBooks, CRMs, or HRMs with Prophix One to access real-time data, and reduce the need for manual data entry and collection.

Centralize data and streamline reporting for improved efficiency

Get a clear picture of your key metrics like utilization rates, average hourly rates, and realization with centralized data, calculations, and versions easily. Customize and deploy a template once, then apply it universally. Users have the ability to filter reports using simple dropdowns protected by Prophix One’s robust security. Save time on report creation and data collection, so you can focus on activities that drive meaningful results and improve overall operational efficiency.

Uncover insights to boost client retention

Align your team and projects in real-time to improve productivity and ensure seamless execution. With extensive planning and analysis tools, you can easily dissect your data to uncover trends and anomalies and instantly know where to focus your attention. Report on key metrics such as billing revenue, time-to-value, and collections to improve client satisfaction, reduce churn, and ensure long-term success.

Monitor project progress and prevent overruns

Keep track of project costs, timelines, and potential budget overruns by leveraging Prophix One’s budgeting and planning tools. Gain real-time insights into project performance, optimize resource allocation, and proactively address risks to ensure projects stay within budget, on schedule, and deliver maximum profitability.

Enhance forecasting for better resource allocation and profitability

Automate your forecasting process and easily adjust resources to meet changing demands. Leverage Prophix One’s predictive analytics and scenario planning to anticipate project timelines, billable hours, and client needs to quickly respond to changes and proactively stay ahead of challenges.

Made for finance leaders

Discover Prophix One and unlock your potential for success.

Increase data accuracy and reporting efficiency, affording you more time for valuable analysis.

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Streamline close windows by eliminating manual processes and automating recurring ones.

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Accelerate financial processes and improve collaboration.

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Gain a deeper understanding of your business with AI.

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Boost Excel’s financial modelling and planning capabilities and create insightful PowerPoint presentations.

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Gain visibility across your business with integrated cross-functional business planning.

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Collaborative account reconciliation for smarter, faster financial close.

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Frequently asked questions

A Financial Performance Management (FPM) platform for professional services helps organizations optimize financial performance by providing tools for budgeting, forecasting, and reporting, while tracking key metrics like project costs, revenue, and utilization rates. A financial performance platform integrates financial data and supports scenario planning to improve profitability and operational efficiency.

Yes, you can customize your reports to meet specific needs of your professional services business. With Prophix One, you can tailor your reports to track key metrics such as billable hours, utilization rate, project costs, and revenue to make data driven decisions fast.

Yes, you can create custom dashboards to track business specific KPIs. With our user-friendly interface, you can design interactive, real-time dashboards that give you immediate insights into performance, such as overall realization, billings variance, gross margin, etc., empowering your team to make data-driven decisions and drive business success.