PROPHIX Analysis plays a critical role in sorting and prioritizing information so that executives and managers can make appropriate decisions and can help a company compete more aggressively. No longer are countless hours and days spent on taking endless amounts of data and turning that into actionable information. PROPHIX has created analysis tools for business professionals for unbroken analysis and evaluation of information.
Automatic variance breakdown
PROPHIX's single, integrated application automatically calculates actual to plan variances of key measures and financial information; simplifying the creation of such analysis and ensuring data integrity is maintained along the way. User intuitive wizards of processing and importing in data ensure frequent analysis becomes routine and simple. Common data processing errors and mundane tasks are eliminated throughout the process and the success of reaching corporate and departmental goals becomes very apparent.
Graphical trend analysis
PROPHIX's graphical management reports display historical trends and a forward looking view to help analyse and compare key drivers and financial information. Executives have absolute freedom to compare and contrast information and to easily recognize trends and significant variances between plans, forecasts and actual data.
Complete data cross-examination
When it is necessary to analyse another piece of data for context, stakeholders harness the real power of PROPHIX by drilling through and dragging and dropping financial and non-financial measures within the PROPHIX business model. This type of analysis is nearly impossible in other systems without risking data integrity and security. The centralised control of information provides answers to specific business questions in a secure and timely manner without IT involvement.
End-user driven investigation
PROPHIX data analysis is easily accessible to all stakeholders through PROPHIX templates and other inherent applications. Analysis can happen anywhere at any time; illustrate planning details, assumptions and supporting information to further understand the end-results. The automatic updates to PROPHIX business models ensure analysis is up to date and appropriate at all times.
PROPHIX combines high-level, big picture analysis with more detailed functional group analysis for a complete view and understanding of the organisation's financial health. The gap is closed between tactical departmental planning and the company's strategic decision making; it is possible to get to the root cause of problems or issues.
"Overall, we have enhanced and saved; it would have cost $100,000 in the old system to produce the same results."
- Mark Gannuscio, Chief Financial Officer