More Organizations Turning to Corporate Performance Management to Increase Bottom Line

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PROPHIX Software is pleased to announce the launch of PROPHIX 10, new software that automates budgeting, planning and consolidations for half the price of traditional CPM software solutions.

While many companies were shrinking at the height of the economic downturn, PROPHIX Software was growing

Financial reporting, planning and analysis at many organizations will become easier than ever as PROPHIX Software, a leader in corporate performance management (CPM), releases new software that automates budgeting, planning and consolidations for half the price of traditional CPM software solutions. PROPHIX serves a wide range of organizations with revenue from $10 million to $1 billion.

"While many companies were shrinking at the height of the economic downturn, PROPHIX Software was growing," said Paul Barber, President. "PROPHIX saw an opportunity to provide cost-effective CPM software to the many organizations that were trying to find a way to nimbly navigate the economy. Based on that success, we are seizing the opportunity to expand our market share further with the launch of PROPHIX 10."

Corporate performance management used to mean one headache after another, and running reports and analyzing data meant getting help from IT. PROPHIX 10 was created to expedite financial processes and empower the finance department to drive performance management.

PROPHIX 10 enables business users to analyze data, run reports from their desks, contribute to the planning process, and share critical information across the organization. It combines high-level functionality with standard technology at a competitive price. With PROPHIX 10, customers gain a forward-looking view of their financial position, enabling smarter and faster business decisions.

"PROPHIX 10 has increased collaboration and ownership across our business — and strengthened the connection between finance and strategic initiatives," said Kristy Chapman, Financial Planning & Reporting Manager, AAA Western & Central New York. "Our finance department is playing a leading role in business planning by giving other departments easy access to critical data that influences every business decision."

PROPHIX 10 features two pre-packaged solutions – PROPHIX G/L Reporter and PROPHIX Express. Affordable and quick to implement, both solutions help smaller organizations automate budgeting and reporting with the option of expanding to a full corporate performance management solution as their needs change. Both solutions include pre-built financial reports and fixed service, enabling organizations to analyze, report and react quickly to changing market conditions.

For more information about PROPHIX 10, please visit: http://www.prophix.com/solutions/.

About PROPHIX Software
PROPHIX Software is a leading developer of solutions designed to automate financial processes including planning, reporting, analysis, and performance management for the mid-market. Thousands of finance leaders around the world use PROPHIX to empower their organizations and gain greater insight into business performance. PROPHIX and its partners deliver the best value by combining high-end functionality, low total cost of ownership, and the fastest implementations in their class.

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Emily Rea
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