Budgeting Speed & Accuracy
Instead of spreadsheets, which can cause duplicate information and human errors, Prophix’s budgeting system combines top-level strategic planning and low-level departmental planning. The interface looks and feels similar to Excel, but is more secure, promises accurate data calculations, and comes with intuitive number manipulation functions. Automation features in the budgeting system bring you quicker and more accurate budgeting reports.
One-Click Report Building
In Prophix’s financial reporting, you can easily tailor your financial statements and management reports for your various stakeholders and collaborators. With just a few clicks, you can structure and remake business reports to highlight the financial, profit, and KPI numbers that are most important. You can also filter reports by sales representatives, departments, regions, time frame, or other useful dimensions.
Efficient Collaboration
User-security profiles make it easy for you to control who has access to which reports and what data, eliminating the need to create new reports for every new pair of eyes. This cuts administrative work, reduces errors, and brings stronger security on your company’s information. Most importantly, it allows stakeholders to view real-time reports at any time, instead of waiting for a new copy in their email inbox.
Real-time Data Synchronization
Prophix seamlessly integrates with countless external financial management solutions and ERPs. New data from any and all of your systems is automatically collected, consolidated, and analyzed in your existing Prophix dashboards. Any changes made in an external system will automatically be reflected in Prophix’s reports. You can even view live transactional-level data from these external sources right in your Prophix software.
Data Insights & Anomaly Detection
The Chart Insights function, powered by Prophix AI, automatically generates insights on the data you are looking at, describing patterns and trends. Additionally, the Anomaly Detection tab collects every single transaction that was automatically audited and assigns a risk score to each, making it easy for you to discover issues or find the root cause of certain anomalies right away.
Intuitive Dashboard & Task Assistant
Prophix dashboards are completely interactive. With just a few clicks, you can drill down into all your data visualizations and reports, and slice and dice information. If you’re ever stuck, Prophix’s Task Assistant feature works like a CPM-specialized Siri. It allows you to vocally make commands, such as refreshing reports, manipulating dashboards, and asking questions – and receive immediate action or vocalized answers.
