FINANCIAL CLOSE SOFTWARE

Automate and accelerate your financial close

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Why choose Prophix^One™ for financial close software

Ease of use

User-friendly financial close software enables your finance team to efficiently manage every aspect of the financial close process, minimizing manual effort and reducing the risk of errors.

Enhanced collaboration

Meet financial close deadlines by collaborating more efficiently across multiple locations.

Data integration

Reduce the risk of errors by eliminating manual data gathering from disparate accounting systems.

Decrease audit time and cost

Reduce the time and cost of each audit with data transparency, audit trails, and fully customizable audit reports.

Next-Gen Finance with Prophix^One™

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Accelerate your financial close timeline

• Collaborate across systems and departments with integrated financial close software.

• Break out of data silos with automated imports and seamless data integration.

• Keep audits reliable and accurate with custom validation rules and deep data mapping.

• Eliminate manual work from every audit with built-in automations.

Ensure error-proof financial data

• Make your financial close more predictable, and close in days instead of weeks.

• Break your process out of spreadsheets and disparate systems and eliminate manual errors with financial close software.

• Automate account reconciliation, intercompany eliminations, currency translations, journal entries, and reporting.

• Spend less time gathering supporting documentation and focus on the future.

Simplify audit preparedness

• Expedite internal and external audits without sacrificing data accuracy.

• Provide special licenses and robust, ready-to-use audit report templates to auditors with financial close software.

• Decrease the cost of every audit with self-serve, streamlined workflows.

• Audit with confidence and keep data transparent and traceable.

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Elevate your financial close with strategic reporting

Financial close software like Prophix One turns your financial close from just another box to check to a strategic asset. It gives you the data you need to make more strategic decisions, track progress towards important goals, and build more accurate forecasts.

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TRUSTED BY OVER 2,500 CUSTOMERS

Financial consolidation success stories

Ravago

From improved data quality for consolidation and reporting to achieving significant time savings due to less manual input, see how Ravago empowered subsidiaries to input data and create reports.

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Galapagos

From managing currency and translation adjustments to ensuring audit quality and complete information traceability, see how Galapagos streamlined their processes and shortened their closing timeframe.

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Alter Domus

From significant time savings to high-quality information and data, now Alter Domus can offer consolidation services in multiple accounting standards including an accelerated review of consolidated accounts.

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Hear from real customers

Premise Health

Learn why Prophix One is instrumental in Premise Health's monthly close process.

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ServiceMaster of Canada

Hear how ServiceMaster's finance team went from spending hours to minutes in the month-end close process.

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Kajima Building & Design Group

Discover how Kajima Building & Design Group solves key financial close challenges.

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Precinmac

Learn how Precinmac uses Prophix One to streamline their financial close process.

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We use to have a million tab excel file that consolidated trial balances, converted the currencies, and eliminated intercompany balances. It was prone to errors and was never correct. Prophix helped make those steps easy and we close the books with confidence now. I highly recommend.

Thomas Scott

Director of Financial Planning & Analysis, Echelon Supply & Service

Join 2,500+ customers who are transforming the Office of the CFO

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Made for finance leaders

See why Prophix One is the best financial close software on the market.

Financial Consolidation

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

Financial Consolidation

Intercompany Management

Automated, collaborative intercompany eliminations for faster financial consolidation.

Intercompany Management

Automation & Workflow

Accelerate financial processes and improve collaboration.

Platform: Workflow

Data Integrations

Easily integrate with your business systems to capture and share data.

UNIFIED DATA INTEGRATION

Frequently asked questions: Financial close software

How can financial consolidation software simplify the creation of audit reports for finance professionals?

Prophix One Financial Consolidation software was designed with an audit perspective in mind. It allows for full auditability of data changes and provides complete audit reports.

How can financial consolidation software automate the financial close process?

There are many ways Prophix One helps reduce manual tasks. Users can automate data imports, consolidations, elimination entries, allocations, currency conversions, and report assembly, report distribution, and more.

How can financial consolidation software streamline multi-entity financial reporting and compliance?

Prophix One Financial Consolidation software streamlines multi-entity reporting by automating data aggregation, ensuring data and reporting is in compliance, and simplifying intercompany transactions and eliminations.

What is financial close software and how does it benefit my organization?

Financial close software streamlines the financial close process through automation, data integration, and more. Using an integrated platform standardizes your process, meaning you know exactly how long each close will take. Your data stays traceable and auditors can collaborate seamlessly across systems or teams.

How does Prophix financial close software help in compliance and regulatory reporting?

When your financial close process relies on spreadsheets and manual work, the risk of data entry errors and other mistakes increases. Prophix’s financial close software automates tasks involved in the financial close, preventing these errors. Additionally, automatic, regular updates ensure your financial data abides by compliance and regulatory requirements.

What security measures are in place to protect financial data in Prophix’s close software?

Prophix’s financial close software is compliant with industry-recognized certifications like ISO/IEC 27001, SOC 2, TRUSTe, and HITRUST. Additionally, features like permission control, robust data encryption, and industry-standard MFA and SSO keep your data safe.

Can Prophix’s financial close software be customized to fit the unique needs of my company?

Yes, Prophix’s financial close software can be customized to fit the needs of your company. Prophix One is robust, customizable financial close software, and can be fine-tuned to your specific needs. It scales with your organization as you grow, ensuring your financial close process is always seamless, automated, and error-free.

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