Combining companies or managing branches across numerous locations can be a logistical nightmare. With multiple legal entities, intercompany eliminations, various regulatory reporting requirements, mergers and acquisitions, foreign currency translations, expense allocations, and more, it seems impossible to get a comprehensive view of your entire company.
Prophix’s financial consolidation and close tools eliminate manual processes and automate recurring ones, so you’re operating as efficiently as possible. You’ll cut down on the amount of time wasted gathering data and increase the time you spend on data analysis.
Prophix Financial Consolidation and Close:
Get a True Picture of Your Finances
Automate Your Most Time-Consuming Processes
Proactis Content and Catalogue Management includes all the tools you need to manage supplier and in-house catalogs, to provide access to authorized supplier websites, to utilize external marketplaces and even to provide visibility to existing inventory. This software also allows you to:
- Connect your sources – Are you tired of navigating multiple ERP systems or sifting through historical data to find answers? With Prophix, you’re able to automate the consolidation of data from any number of source systems, connecting all the pieces of information for a streamlined financial process.
- Unify your business – Whether you’re separated by states or by continents, it’s a challenge to manage a business that’s spread out. With Prophix, distance or siloed information won’t hold you back. You can gather data from anywhere in the world or from separate ERP solutions and use that data to ensure you are seeing the consolidated results of every branch of your business.
- Analyze with Greater Insight – Using data from multiple sources, you’ll create more accurate forecasts with precise consolidated data. Prophix allows you to apply different currencies to your analysis and set ownership percentages for a comprehensive understanding of your operations.
- Inform Your Decisions – When you’re spending hours simply gathering data from numerous sources, you don’t have much time to adequately apply your data insights to your decisions. And, when data is manually gathered, you can’t even be sure your conclusions are accurate. Using Prophix ensures that the data you rely on is accurate since it’s linked directly to the source data.