From a functionality perspective, PROPHIX shows strength in their integrated financial statement generation, workforce planning capabilities, and interfaces with over 100 accounting systems (Oracle, SAP, Sage, Infor/SSA, etc.).
Toronto, ON (Vocus) March 31, 2009
PROPHIX Software, a leading provider of financial business intelligence and performance management solutions specializing in forecasting, corporate budgeting, strategic planning, consolidation, financial analysis and scorecarding, is pleased to announce that BPM Partners, a leading authority on business performance management (BPM) products and services, has named the company a Core Vendor in the recently released BPM Partners Vendor Landscape Matrix.
The research provides detailed information and analysis on 26 active software vendors in the business performance management software category, including analysis of products for budgeting, planning, forecasting, financial consolidations, dashboards, profitability analysis, financial reporting and other related areas. The report includes the 2008 BPM Pulse Survey’s detailed client satisfaction ratings, gathered from polling more than 750 mid- to large-sized companies. BPM Partners said that it shortlists only a few software-driven solution providers each year and deems them as exclusive Core Vendors.
"PROPHIX offers performance management solutions that are targeted primarily at small to midsize companies and divisions of larger corporations seeking functionally rich budgeting, forecasting, financial consolidation, reporting, and dashboard applications", said Craig Schiff, CEO of BPM Partners. "PROPHIX has recently enhanced their headcount and labor planning and variance alerting capabilities."
The BPM Partners Vendor Profile of PROPHIX includes a review of the company’s strengths and differentiation points. Key strengths include workflow, calculation and analysis, and rapid deployment. Other noteworthy strengths include performance dashboard reporting and analysis capabilities, extensive reporting and ad hoc analysis capabilities, headcount and compensation expense planning, capital expenditure planning functions, and a data integration utility.
PROPHIX is differentiated from other vendors by its mid market focus. "From a technology platform perspective, PROPHIX is one of the few companies that can satisfy all users in the mid market -- from single user installation for a quick budgeting, planning and reporting solution, to hundreds of users deployed over the web with a complete performance management solution", states the report. BPM Partners also cites the reporting, planning, and integration of PROPHIX as a differentiator. "From a functionality perspective, PROPHIX shows strength in their integrated financial statement generation, workforce planning capabilities, and interfaces with over 100 accounting systems (Oracle, SAP, Sage, Infor/SSA, etc.)."
About PROPHIX Software
PROPHIX Software is a leader in delivering performance management solutions including budgeting, planning, forecasting, reporting, consolidation, personnel planning and other advanced financial functions. PROPHIX Software maintains an outstanding reputation with its customers by consistently delivering tangible value and exceptional ROI, with a lower total cost of ownership. For more information, visit http://www.prophix.com.
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