The only negative I can think of is the Administrative functions are for a single user. Although this is a great control, it is sometimes painful when only one person can add an account or change named sets.
Allocation of costs between departments and across divisions is made easy. Once the initial setup has been completed, the logic is applied across the company for budgeting and planning.
Personnel planning is very straightforward and easy to maintain. All calculations are set up and applied as new personnel are added. It is easy to update rates, without having to update for each staff member individually.
The system is very flexible for report creation. Basic parameters are required. Actual financial data is provided via a data view, rather than pulling data into the solution and storing it. This is great as it is not taking up additional storage for data that exists elsewhere.
When clients are signed on and implementation begins, clients should be given access to Prophix Academy and told they should complete the pre-implementation training prior to starting implementation. This would provide the client with some basic structure of the system allowing them to ask educated questions throughout the implementation process.
Given that we have only been using the system for approximately 7 months, I do not have any other suggestions for improvement at this time.
Prophix’s Corporate Performance Management (CPM) software promises to help users achieve goals more successfully.
Key capabilities and benefits include:
Improve profitability and minimize risk
when you automate repetitive tasks and focus on what matters.
consolidate and report automatically.
Whether in the cloud or on-premise, Prophix
promises to support the user's future with a platform that flexes to suit strategic
realities, today and tomorrow. For more information, visit www.prophix.com.
Prophix develops Corporate Performance Management (CPM) software that integrates financial budgeting, planning, reporting, forecasting, consolidation, analytics, scorecards and dashboards in a single, unified application budgeting software tool.
Move beyond spreadsheets for budgeting with Prophix. Watch this short 1.5 minute overview about how Prophix will make your annual budget process more efficient.
In less than 2 minutes see how Prophix gives you the ability to tailor your financial statements and management reports so that information is delivered in a way that’s both insightful and meaningful. Prophix provides structure reports around business requirements in an error-free, dynamic, and intuitive environment, resulting in better decisions, made faster.
See a short 1.5 minute overview about how Prophix gives you a clear picture of all your operational costs and connects them with key factors that are driving your revenues. That increased line-of-sight is made possible because Prophix tracks and monitors all day-to-day operational planning activities. Improving operational outcomes for the short-term and providing insights into your future operations.
Direct links to 3rd-party data sources, Any ERP including Microsoft Dynamics, Sage, Epicor, Maccola