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CASH FLOW PLANNING
Cash forecasting is not something that finance can do alone. Each department has a role to play in your cash flow planning, but with the siloed systems of the past, cross-functional collaboration has been difficult. With Prophix, everyone can access the same data and input their information quickly, avoiding error-prone manual processes.
How much cash will you need to withdraw from your revolver account? Or how much should you put back? Let Prophix help you plan your cash flow to meet and exceed your needs. Whether you’re planning for short- or long-term events, Prophix lets you easily input your data and automates your cash flow calculations. With an accurate, understandable, and accountable cash flow statement, you have the knowledge to better predict cash deficits and surpluses.
Your balance sheets provide crucial insight into how much your company can spend. But, before this can happen, you need detailed data from all your operational areas, which can be time-consuming and hard to organize. Using Prophix, you can easily involve different stakeholders to help drive accuracy and focus on effective cash flow planning. Prophix lets you project your balance sheet using previous actuals, income variations, data from your other models, and automated plug calculations to make your life easier.
Your cash flow position can change daily. Businesses are realizing the need for rolling forecasts to provide a comprehensive look into the company’s cash position. With automation, you can better understand and report on the fluctuations in your cash flow but also make profitable decisions through scenario planning with greater granularity and insight.
Provide data clarity to empower your organization to drive financial performance and be prepared for the road ahead.
Automate processes and unlock your analytical mind with on-demand analysis and monitoring of cash flows.
Be a trusted advisor through meaningful insights and prepare your leaders for the road ahead.
Discover our platform and unlock your potential for successs.
Increase data accuracy and reporting efficiency, affording you more time for valuable analysis.
Accelerate planning with greater collaboration, speed, and accuracy across the organization.
Shrink management and board reporting windows with automation.
Utilize AI to gain a deeper understanding of your business.
Prophix gives you the choice to decide which accounts are calculated and which are manually inputted. When cash flow is calculated, the formula is stored in Prophix and will remain consistent in all cash flow statements.
Since information in Prophix is interconnected, results can be updated automatically. If you do not want your results automatically populated, you can set conditions in your workflow to prevent updates being pushed out until the changes are approved.
Rather than providing pre-built reports that you will have to spend time modifying, you can quickly create your own reports, tailored to your exact needs in less time. With an intuitive drag-and-drop interface, you can create and apply report themes and templates, assuring all your reports have a consistent look and feel.
in action 350 Burnhamthorpe Rd. West, Suite 1000
Mississauga, Ontario
Canada
L5B 3J1
Tel: +1-905-279-8711
Toll-free: +1-800-387-5915