FINANCIAL ANALYTICS SOFTWARE

Financial analysis software should bring together data from disparate systems into one environment for easy data comparison and drill-down. Financial analysis software should have robust visualization capabilities so it's easy to create graphs of various types to represent your financial data. Strong financial analysis software should be enabled with AI so that insights can be easily gleaned and acted upon. Financial analysis software should be user-friendly so team members outside of the finance team can have insights into their department or functional area's performance. Prophix One uses native data integration capabilities to bring all your company's data together, it has robust dashboarding that keeps everyone on the same page, and is  enabled with AI  to provide rich data insights.

Using Prophix One's financial reporting software improves the efficiency of finance teams by automating routine tasks like report creation, rolling forward reports to new periods, and distributing board books. It democratizes data access, allowing employees outside the finance team to perform analyses and make informed decisions. Automated monthly reporting saves time during close, and provides instant, accurate reports. Data is automatically refreshed from ERP systems, so you know that your reports always reflect the most current information.

Financial reporting software should be customizable to accommodate different charts of accounts, create and manage statistical or calculated accounts, and require little maintenance when it comes to rolling over from period to period. With Prophix One, it is easy to make chart of account changes that reflect across all reports, making report maintenance virtually non-existent. Complex calculations that reference various GL string counterparts can be configured to maximize flexibility in analyzing key financial and non-financial data.