Prophix Software Inc., a developer of corporate performance management (CPM) software, has unveiled its latest software offering: PROPHIX 10 R3. The software is designed to Automate and simplifying non-transactional financial processes that drive businesses such as budgeting, forecasting, planning and financial reporting.
“Prophix is dedicated to providing our customers with the most value-laden unified CPM solution,” says Geoffrey Ng, Vice President Product Planning, Prophix Software Inc. “With PROPHIX 10 R3, we reaffirm our commitment to customers with new features such as SmartMonitor and visualizations that will allow business users to continuously monitor exceptions, collaborate, and make meaningful business decisions.”
R3’s “SmartMonitor” enables proactive monitoring of Key Performance Indicators (KPI) drawn from multiple data sources, and delivering exceptions directly to stakeholders in highly visual and interactive dashboards and scorecards. Users can review exceptions from a total organization perspective, or drill down into line of business details. Prophix says that explanatory comments can now be easily attached to exceptions to facilitate collaborative discussions and auditing.
Newly enhanced visualizations allow business users to view data in new ways in order to spot trends and ‘outliers’, and make changes to affected data from within one unified interface. R3 also offers an enhanced calculation engine.
PROPHIX 10 R3 supports Microsoft SQL Server 2012 and there are also enhancements to the user interface, performance, scalability and online documentation.
“Prophix has changed the way we manage our financial reporting and analysis processes,” says John Regan, a member of the Prophix Customer Advisory Board, and Vice President Finance for Wastequip, LLC, a company that uses the software to do financial consolidation and performance management. “Prophix understands the market and takes the time to listen to what their customers need. With this new release, Prophix delivered a solution to meet the strategic and operational demands on many organizations. We are excited by the new functionality of PROPHIX 10 R3 and anticipate continued improvements to the effectiveness and efficiency of our financial reporting and analysis, as well as our ability to get critical, meaningful data into the hands of decision makers.”