PROPHIX
Much more than a financial consolidation software
An internationally recognized software package
Financial consolidation, budgeting, and reporting
Prophix can analyse, investigate, and compare information. It’s the financial consolidation, budgeting, and planning software that allows large companies to keep rigorous control over all their financial data and consolidate it correctly.
In addition, Prophix measures profitability and presents results in highly visual reports and analyses—allowing you to leave behind complex Excel spreadsheets while simplifying and automating all your financial processes.
Financial Consolidation and Closing
Improve financial consolidation by adding processes and controls. Prophix automates the collection and ensures the accuracy of your financial data:
- Unlimited number of versions
- Currency and exchange rate settings
- Elimination of full and partial intercompany transactions
- Multi-company
- Multiple scenarios including M&A planning
Budgeting and Planning
Improve budget accuracy, reduce risk, and leverage automation to increase budgeting and planning participation:
- Expenses budgeting
- Personnel budgeting
- Operational planning
- Sales budgeting and forecasting
- Project planning
- Cash flow statements
- Investment budgeting
Financial Reporting
Build quick dashboards that offer a complete and easy-to-understand view of the performance of the entire organization:
- Interactive, customizable dashboards
- Tailor-made reports and analysis
- Automatic distribution of reports
- Instant navigation
- Integration with Excel, Word, and PowerPoint
Workflows and Automation
Automate repetitive processes and create complete workflows. You will save time and obtain quality information:
- Direct data integration
- Budgeting workflows
- Planning workflows
- Reporting workflows
- Consolidation workflows
- Monthly closing workflows
- Comments
Virtual Financial Analyst
Prophix Virtual Financial Analyst harnesses the power of artificial intelligence to take this Corporate Performance Management (CPM) software to the next level:
- Anomaly detection
- Info about charts
- Task assistant
Paula Soto
Head of International Reporting en PLANASA
“For me the key advantage of working with Prophix has been the evolution seen in the finance team. We have been able to stop dedicating time to preparing the consolidated financial statement, and now we have time to spend analyzing the data, which is where we can truly contribute.”
Juan Pedro Torres Höhr
Corporate Manager en AGQ Labs
“Prophix has helped us reduce our closing time from the eighth to the fourth business day of the month, helping us to get rid of complex Excel spreadsheets. In addition, we are now autonomous when it comes to creating reports. We don’t depend on support from the IT department.”
Ramón Bravo
Global Deputy Finance Director at Grupo Salesland
“With Prophix we can consolidate information coming from the various ERPs that we have implemented in our different group companies. This helps us consolidate results much earlier in the month–giving us more information and allowing us to spend time analysing the data, seeing what is happening, and deciding what needs to be corrected as soon as possible.”
Everything you need for effective financial consolidation
Prophix is a single platform that simplifies each step in the preparation of consolidated financial statements and is integrated with your financial, analytical, and operational needs.
- Automate the financial consolidation of all the companies in a group—including foreign exchange conversion, different companies and their percentage of participation, companies’ product or service lines, companies’ departments and their geographic locations.
- Control of variances, analyses, and changes in a collaborative environment.
- Improve your closing process and optimize how finance team resources are used, gaining time for value-add analysis.
- Create more accurate forecasts with true consolidated data.
- Analyse and apply financial projections in the company’s strategic planning process.
- Complete financial reporting (monthly, quarterly, and annually), including the preparation of annex tables of annual accounts.
- Make better decisions, backed by reliable and quality information.
Key benefits of our financial consolidation software
Collaborative Environment
Forget about Excel sheets that are susceptible to errors and that are insecure and not collaborative. Instead work with a secure, collaborative financial consolidation software. All your team members work together in the same user-friendly, secure, and collaborative environment.
Greater Efficiency with Workflows
With Prophix, you will be able to assign each employee their tasks and define deadlines for completing them. You, as CFO, will be able to visualize, through reports, if the tasks are being carried out correctly or if, on the contrary, you must take time to resolve an issue.
Greater Productivity
At last, your team will be able to spend time on tasks that truly add value: planning, budgeting, consolidating, and analysing. Repetitive data gathering and consolidating tasks stop being a waste of time and money when you use this complete financial package.
Always Prepared for Audits
When working with Prophix, you will have a single interface to all your financial data and with it a greater capacity for performing predictive analysis.
Prediction of Results
Plan and anticipate the future for your business by making the right decisions, thanks to better knowledge of the economic situation of your company.
Integrable with Any ERP
Take advantage of the entire organization’s data by integrating Prophix with the ERPs that your company works on. In this way, your entire team will be using consolidated and accurate information.
Prophix, a different software firm
- Private company, makes its own R&D decisions.
- More than 3,500 clients in more than 100 countries.
- A single solution, the best price per function ratio in the CPM mid-market, including consolidation.
- Prophix Virtual Analyst. First CPM on the market with artificial intelligence and machine learning capabilities.
- Ease of use and agile implementation methodology for rapid ROI and self-sufficiency.
- Continued Success Pack. Customer support as a priority and unlimited access to experts.
- Industry leading net promoter score of 78.
- Native Cloud global partner with AWS.
Prophix’s view of GOLIVE
At GOLIVE we make working with Prophix a success
We ensure the value of your investment in Prophix in the fastest and most efficient way possible.
Unlimited access to product experts
- Prophix experts ready to help.
- Assistance with questions about models and design guidance.
- Quarterly updates at no additional cost.
Attention from an expert in "Customer Success"
- Single point of contact.
- Dedication of a "Customer Success Manager," with more than two years of experience working with Prophix.
- Long-term planning and consideration of user proposals in the product roadmap.
- Guidance and advice on how to optimize the investment in Prophix.
Prophix
Academy
- Unlimited access for the administrator.
- Full access to more than 50 online training courses.
- Covers all areas of Prophix.
Prophix conference
- A pass to the annual Prophix conference.
- First choice for Prophix conferences.
- Join over 400 Prophix users.
Consulting, design, and user experience
- We continually seek the best user experience possible.
- Unlimited remote sessions for help on the product, and the possibility of having personalized sessions.
- Assistance with existing data integrations.
- Performance reviews to optimize your system for maximum usability.
- Automatic audits to review the models and align them with the current needs of the business.
