Why choose Prophix One™ for financial consolidation software
Why choose Prophix One™ for financial consolidation software
Eliminate consolidation complexity
Financial Consolidation software was developed by experts who understand the unique requirements for a streamlined month-end close process. Leveraging best practices, it removes the complexity of consolidation by automating processes like multi-currency translations and sub–consolidation, ensuring multi-GAAP and IFRS compliance and much more to reduce the need for expensive customizations. Regardless of your group structure, depth, or unique chart of accounts, Prophix can execute complex account consolidations in seconds for faster insights that drive better business outcomes.
Built-in customizable audit reports
The need for transparency and data traceability is paramount. Financial Consolidation software 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 configurable audit report templates, Prophix One gives auditors the tools and transparency to self-serve and streamline the audit process ensuring the accuracy and integrity of your consolidated financial statements.
Financial consolidation success stories
The changing purpose of financial consolidation
The financial consolidation and reporting process has long been seen as a finance-only, legal obligation. Today, the most successful organizations embrace it for strategic value.
Integrate and automate data collection across business systems
No matter whether your company is dispersed across different regions, currencies, or business systems, your data collection is made easy. With an easy-to-use interface, Financial Consolidation simplifies the data exchange between our platform and other business systems without involving IT. Using automated imports, integrations, and validation rules, you have complete visibility and control over your data throughout the entire consolidation process resulting in quality consolidated financial reporting.
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.
Automate reconciliation, consolidation, and reporting to shrink-close windows, with greater accuracy.
Automated, collaborative intercompany eliminations for faster financial consolidation.
Accelerate financial processes and improve collaboration.
Easily integrate with your business systems to capture and share data.
×
Ready to chat?
