Automate and speed up time-consuming processes

Increase accuracy & error-free data collection

Prophix One’s data collection and system integration capabilities help significantly improve the speed and reliability of data reported in the financial close process.

Whether disparate systems or geographies separate you, siloed data won’t hold you back. Employing automated imports, seamless data integrations and custom validation rules, data mapping, and automated reporting Prophix One ensures your data remains reliable and accurate from upload to reporting.

Built-in auditability

The need for transparency and data traceability is paramount. Prophix One enables the creation of detailed and fully customizable audit reports when needed, simplifying and expediting internal or external audit processes and significantly decreasing the cost and resources spent on audits. By providing user licenses specifically tailored for auditors and a library of ready-to-use and configurable audit report templates, Prophix One enables auditors with the tools and transparency they need to self-serve and streamline the audit process.

Save time and reduce risk with AI

Financial close is a complicated process that already takes too long because many tasks are manual and are further delayed by outlier transactions that require time-consuming error correction that can affect the accuracy or introduce risk.

Anomaly detection analyzes 100% of an organization’s general and sub-ledger data for outliers and then highlights actionable insights. Leveraging machine learning AI, it detects and surfaces unusual transactions and organizes them by risk rating expediting their discovery and resolution. The result is a faster and more accurate financial close with less risk.