INTRODUCING

The Financial Performance Platform for Next-Gen Finance Teams

In 2024, Prophix unveiled Prophix One to provide organisations access to next-gen finance capabilities that streamline processes, enhance decision-making, and drive business growth, all from a single Financial Platform.

As a unified cloud-based platform, Prophix One leverages a depth of capabilities, from financial close to planning, to streamline workflows and increase planning frequency, all within a harmonised user experience. 

Prophix One marks an important advancement for the entire office of the CFO, supporting both accounting and finance functions. It provides a flexible, collaborative toolset to help organisations manage complexity and control financial outcomes accurately and precisely.

Prophix One Financial Performance Management Software

Functionality Highlights

Prophix One utilises cutting-edge technologies and innovative features to provide a unified access point, offering a consistent and user-friendly experience for financial planning, financial close and consolidation, accounting and compliance, forecasting, budgeting, and reporting. The solution addresses the challenges that organisation face time and time again with manual processes, such as delays, errors, version issues and bottlenecks. Prophix One enables the Office of the CFO to make data-driven decisions, relying on a single source of truth.

Key to this is the introduction of Applications including:

The financial performance management software addtional highlights include:

  • Advanced Data Processing: Unlike most offerings in the market, Prophix One leverages in-memory cube technology for superior performance, allowing finance teams to manage complex planning and large datasets with greater speed, precision, and accuracy.
  • Workflow, Security & User Management: With a unified user authentication system and centralised management, Prophix One offers adaptable, secure integration within any finance department.
  • Monthly Account Reconciliation and Validation: The solution foccusses on financial accuracy through robust tools for monthly reconciliation and validation, positioning it as a strategic asset for precise financial reporting among competitors.
  • Strategic Cash Flow Forecasting: Advanced modeling capabilities allow users to forecast cash flow accurately, equipping organisations to confidently steer their financial course. Rolling forecasts enable you to continuously update data, capturing even the smallest shifts in your business or market conditions.

Prophix One Application Spotlight: Account Reconciliation

We are particularly excited about the new Account Reconciliation application. This is designed to simplify the close process by automating tedious tasks and bringing everything you need into one platform for a faster, more accurate close. The new module helps ensure consistency, accuracy, and transparency across your entire financial close process, so you can close faster and with more confidence.

With the new functionality recently released in Australia, the roll out has been a tremendous success internationally:

“Prophix One Account Reconciliation provides an accurate snapshot of where the close process is at by entity. The workflows also provide visibility of tasks and reconciliations in one spot.”

— Julie Vin and Kaitlyn Panis, Manager, Corporate Accounting & Senior Corporate Accountant at Greenlaw Partners

For more on Account Reconciliation. see this blog post from Prophix: Prophix One™ Account Reconciliation is here! | Prophix

If you would like to learn more about Prophix One and/or the Account Reconciliation functionality please fill the form on the right and our team will be in touch. We can meet with you to discuss your requirements and later provide a product demonstration.

Click Here to Access the Prophix One Brochure

Contact our team to learn more about Prophix One

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