FINANCIAL REPORTING SOFTWARE

Report on actionable insights with an automated financial reporting solution

Why choose Prophix One for financial reporting software

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Automate financial report creation and maintenance

Financial reporting software lets you create a report template and automate the distribution.

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Optimize your monthly financial reporting cycle

Say goodbye to monthly financial report maintenance. Roll over financial reports with centralized time references.

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Stay ahead of the competition

Prophix One FP&A Plus offers the latest technological advancements so you have access to the reporting that helps you stay one step ahead.

Next-Gen Finance with Prophix One

AI chatbot answering what is driving cash shortfall for next quarter, with a finance dashboard on the left
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Deliver smarter reports with Prophix Copilot

Reporting and analytics just got smarter. With Prophix Copilot, you can ask questions like “What’s causing the variance in operating expenses?” or “How did revenue trend last quarter?” and get instant, AI-generated explanations. Copilot works behind the scenes to analyze your data, surface key insights, and simplify complex reports, so you can get answers faster and make better business decisions.

Monthly Budget Income Statement
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Automate your financial reporting process

Financial reporting software changes your reporting process. Now you can automate report creation and distribution. The ability to roll over period reports with centralized time references and chart of account changes means you make the change once, and it’s dynamically reflected across all reports. Turn a historically manual process into an efficient, automated financial reporting system. 

Monthly income statement with AI side chat
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Make smarter decisions with AI-powered financial insights

Ask Prophix Copilot to explain key metrics, highlight important changes, or even assist in creating reports—all through simple natural-language requests. This eliminates the need to manually dig through spreadsheets and speeds up the reporting process so you can focus on making confident, informed decisions.

Prophix One Integrated Financial Statements Example
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Effortless financial reporting with advanced features

Transform your financial reporting with Prophix One FP&A Plus. With real time data and customizable reporting features, you can drive greater insights and efficiency. The dynamic architecture adapts to your business needs, so you can manage different financial scenarios, perform advanced calculations, and instantly load even the largest reports with ease. 

Clearer financial stories through AI

Use Chart Insights to get automated, concise descriptions and analysis of charts within dashboards, highlighting each chart’s purpose and key takeaways. Use Report Insights to automatically generate detailed, line-by-line commentary for your financial reports, saving time and ensuring important information is clearly communicated. Together, these tools streamline financial reporting and analysis, helping your team quickly grasp important trends, drivers, and results with less manual effort.

Simple integration for streamlined financial data management

Integrate your financial data into your financial reporting software for streamlined report creation. Now you can have a holistic view of company performance for simple, accurate reporting.

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Made for finance leaders

Discover Prophix One and unlock your potential for success.

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Reporting & Analytics

Increase data accuracy and reporting efficiency, affording you more time for valuable analysis.

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

Accelerate financial processes and improve collaboration.

Utilize AI to gain a deeper understanding of your business.

Boost Excel’s financial modeling and planning capabilities and create insightful PowerPoint presentations.

Gain visibility across your business with integrated cross-functional business planning.

Collaborative account reconciliation for smarter, faster financial close.

Frequently asked questions: Financial reporting software

What are the benefits of using financial reporting software?

Prophix’s financial reporting software improves the efficiency of finance teams by automating routine tasks such as report creation, rolling forward reports to new periods, and distributing board books. It democratizes data access, allowing employees outside the finance team to perform analyses and make informed decisions. Automated monthly reporting saves time at every close, providing instant, accurate reports. Furthermore, data is automatically refreshed from ERP systems, ensuring that reports always reflect the most current information.

Narrative reporting relates to reporting outside of standard financial statements, which can include qualitative information on a company’s performance as well as non-financial data. Narrative reporting is used by stakeholders to make more informed business decisions. With financial reporting software, data is brought together from disparate systems into one environment to facilitate easy data comparison and report creation. Prophix One utilizes its native data integration capabilities to bring all your company's data together, and with Prophix One Financial Planning & Analysis, narrative reporting becomes a hassle-free process with the ability to embed narrative text and even external links within reports that contain both financial and non-financial data.

Financial reporting software should be customizable to accommodate different charts of accounts, create and manage statistical or calculated accounts, and have little maintenance when it comes to rolling over from period to period. In Prophix One, it is easy to make chart of account changes that reflect dynamically across all reports, so that report maintenance is virtually non-existent. Complex calculations that reference various GL string counterparts can be configured to maximize flexibility in analyzing key financial and non-financial data.

Prophix safeguards financial data with industry-leading encryption, role-based access, audit logs, SSO/MFA, secure cloud infrastructure, and ongoing security testing to ensure confidentiality, compliance, and integrity.

On average, implementing Prophix One takes about 8 weeks, with end users typically contributing 10 to 20 hours of work per week. Prophix offers a flexible implementation model, allowing you to choose how actively you'd like to be involved in the process.

Ready to see Prophix One  in action?