Workflow and Automation

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Work Smarter, Not Harder With Prophix

Every new client, transaction, or additional employee adds to the amount of financial data that you have to collect, analyze, and translate into business decisions. In many cases, these tasks are distributed across your organization, and may require employees around the globe to contribute to the process. Do you feel like you’re spending more time collecting and organizing data than actually analyzing and using it? If so, workflow, collaboration, and automation could do wonders both for your business and your schedule.

With Prophix, you can create and deploy efficient workflows and improve collaboration throughout every department and every location of your business. Coupled with enhanced automation of data collection, evaluation, and consolidation, you will take back hours of your day, and assure an accurate single source of data for your entire organization to base their business decisions on.

 

Prophix Workflow, Collaboration, and Automation:

Maximize Operational Efficiency

Direct Data Integration

All of your financial processes – budgeting, reporting, consolidation, and more – are dependent on data, making it the foundation for all of your important decisions. But, there are a number of problems you can run into when it comes to data collection. Manual processes are prone to error and time consuming. It’s difficult to be sure that data gathered manually is still accurate and relevant.

Prophix’s data experts have created a way for data collection and integration to be easier than ever. Now, instead of manual collection processes, you can integrate data into your reports directly from the source. Direct data integration transforms both the way you work and the areas where you can focus your efforts.

Other benefits include:

  • Analyze real-time data – You likely use data from multiple sources like ERP, personnel, and accounting solutions. With Prophix, you can easily integrate data from multiple source systems and ensure the data you’re using is current. You can also load data into Prophix using a selection of methods depending on your company’s needs. These methods include fully automated scheduled imports, on-demand imports as needed, or as part of a logical workflow process.
  • Simple for Anyone to Use – Prophix’s Import Data Wizard features a simple interface, which any business user can master without relying on IT assistance. The interface is consistent whether you are connecting to an on-premise or cloud data source.
  • Rely on Accurate Data – There’s no need to worry about data being accurate. Prophix automatically detects errors during data imports, sending notifications to key stakeholders. This enables users to immediately correct any problems that occur. And, you can leverage automated data mapping and cleansing to easily align information from disparate systems, reducing the occurrence of errors and guaranteeing consistency.
  • Better Data for Better Decisions – Prophix empowers you to master the management of organizational structures, charts of accounts, hierarchies, and more. These models draw from a centralized database, ensuring that all decisions made within the company are based on a single source of data, eliminating data duplication. Also, you avoid disruptions when acquiring new subsidiaries, since this typically requires changes to consolidation processes.

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