PROPHIX Planning provides a forward-looking view into the organisation by proactively measuring, analyzing and validating corporate strategic plans against actual outcomes. Different individuals within the company are involved in this process, from the executive high-level strategic managers to the plan implementers (i.e. field managers) and PROPHIX helps shift your organisation from a purely reactive corporate culture to a more proactive one across these various levels.
Establish a formal plan
PROPHIX workflow ensures corporate objectives are communicated to stakeholders. It becomes clear the task they have been assigned and how that task affects overall corporate strategy. The intuitive PROPHIX project planning graphically informs and measures plans to overall goals to ensure you are on track and that goals are successfully reached.
Spread down high-level assumptions
PROPHIX automatically incorporates high-level assumptions into tactical budgets through utilizing top-down and bottom-up functionality throughout the strategic planning and budgeting cycles. The corporate plan comes alive through alignment of the strategic plan and budget by cascading corporate goals down through the organisation, while still empowering managers to react and make adjustments based on higher-level guidelines.
Track performance against actual results
To ensure your strategic plan is on track, you need to be able to measure it. The strategic plan is generally acted upon through the financial plan and, in particular, the budget. PROPHIX will automatically calculate the variance between historical actual data and your budgets for all line items at a consolidated or detailed level. Very quickly, it starts to become apparent whether your strategic plan is on track and effortlessly you can study the variances and accuracy of your initial assumptions.
Graphical informative visuals
PROPHIX provides full visibility to strategic plans, budgets, reports and re-forecasts through the graphical visualizations of management dashboards and scorecards. Organisations can more accurately align the business to key goals and strategic objectives and start to react to a changing business environment as they are continuously identifying issues, investigating outliers, and coming up with an action plan without ever having to leave PROPHIX.
PROPHIX provides a direct connection into all operational and departmental external ERP and database systems; therefore, when you are measuring your organisation's performance, you can drill down on information to further and better understand variances and outliers that may be prohibiting reaching corporate objectives and plans. Ensure you recognize all factors that influence your corporate objectives.
"During executive team meetings, I have PROPHIX open the whole time and I'm able to create ad hoc reports to answer questions within seconds, which I could never do before."
- Gary Schwertly, Chief Financial Officer