Solutions

Budgeting and Reporting Overview

Focus on your business (not your Excel formulas)

Designed specifically for smaller business, PROPHIX offers a robust solution focused on budgeting and reporting, implemented in as little as 3 days! Moving beyond spreadsheets has never been easier.

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Budgeting

Pre-defined account roll-ups

PROPHIX budget account roll-up structures allow companies to start budgeting fast within a controlled environment. The pre-defined structure brings consistency to budgeting across the organisation while still providing additional details when necessary. Significant time is saved throughout the budgeting process as it becomes standardized and normalised within departments.

Reporting

External reporting requirements met

PROPHIX Reporting encompasses pre-built financial statements, which include formulas complying with domestic and international standards (IFRS). The pre-defined account roll ups always include all line items presented at a consolidated level with the ability to drill back to source data if required. The locked-down, yet compliant format eliminates any fraudulent usage and guarantees reporting standards are met in a timely manner.

Analysis

Outliers become obvious

PROPHIX includes pre-calculated variance analysis that immediately illustrates values that are significantly different from the other measures of interest. Multi-year analysis and year-over-year comparisons are displayed in a data or graphical format to easily recognize trends and significant variances between plans and historical actual data. Analyzing and comparing values becomes a regular, integrated process rather than a decentralised process conducted through side sheets that only certain individuals can access.