Get better insights from your data and keep stakeholders aligned with financial analytics software. Easily drill down from summaries to deep detail, customize visualizations, and unlock self-serve reporting across your organization with interactive charts and AI-driven insights.
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Real-time insights for agile decision making
Prophix One financial analytics software eliminates the hassle of gathering and validating data by automatically generating the reports you need.
Build ad-hoc analysis database analytics in seconds. Drill down or summarize data as needed, pivot to new perspectives, or analyze dozens of transactions. All with the same platform and without hours of manual work.
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Streamlined reporting for data-driven financial decisions
Turn your financial analytics software into your single source of truth with Prophix One. Integrate data from multiple sources to uncover opportunities no matter where they are. Prophix One scales with your organization, reducing data errors and improving trust in your numbers as you grow.
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AI-driven insights for enhanced financial analytics
Prophix One financial analytics software puts the raw processing power of AI at your fingertips. Turn data sets into actionable insights, no matter how large. Automatically summarize those insights into quick narratives for stakeholders, and even have a consistent, running commentary on your data as it evolves, all powered by AI.
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Instant performance management with self-service analytics
With Prophix One financial analytics software, you can turn raw data into self-serve dashboards updated in real-time. Stakeholders can dive in on their own time and be confident the data they’re looking at is accurate.
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Driving financial reporting accuracy and data confidence
It is great for reporting financials. You have a great tool to create/edit custom reports for any user in the company. It also provides the tools to share consolidated reporting for users, for example a division manager might want to look at the individual departments and a division roll up. All of it can be automatically distributed from Prophix. Prophix is great at providing the ability to slice and dice or analyze data that is within the cube.
Lester Walkowicz
Director of Financial Planning, American Kennel Club Inc
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Finance as we know it is changing
What does next generation financial reporting and analytics software look like for the Office of the CFO? Learn how to research, evaluate, and purchase financial reporting and analytics software in the Ultimate Financial Performance Platform Buyer’s Guide.
Financial analytics software allows organizations to evaluate their financial performance by automating data analysis. It’s an integrated platform for interpreting financial statements, building better financial models, and generating insights to support strategic decision making.
What are key features and capabilities of financial analytics software?
Financial analytics software centralizes data from multiple systems for easy comparison and analysis. It should provide both high-level, visual dashboards, and the ability to drill down into all your financial data.
AI-powered analysis is a must, since it can process massive datasets and produce useful insights in a fraction of the time it would take for human analysts, freeing them up to take on more useful tasks.
Financial analytics software should also be intuitive enough that anyone can use it, not just the finance team.
What are the benefits of using financial analytics software?
Financial analytics software automates routine tasks from report creation to distributing board books and rolling reports forward to new periods.
Additionally, more of your organization can access financial data, allowing every team to make more strategic decisions.
Essential processes like forecasting, consolidation, and monthly close can be automated to create accurate reports instantly. Data is automatically refreshed, so you know your reports are always current.
How customizable is financial analytics software?
Financial analytics software can be customized to create charts specific to your industry and manage complex accounts, all without significant maintenance or manually rolling reports over from period to period.
You can also make chart of account changes across all reports and configure complex calculations that reference various GL string counterparts.