04 Nov 07 Corporate Performance Management
Today we review a corporate performance management software. Of course, we have not used this software personally, but we will try and list all the features that this software has and how it can help you manage your corporate better.
Prophix is a software solution for budgeting, financial analysis, forecasting, financial reporting, personnel planning, consolidation, and other financial functions. It lets you rapidly gain control over your enterprise through quick implementation road maps.
The software has the following capabilities:
- Reporting - the tool provides complete reporting, including financial reporting, management reporting, transactional reporting, and ad hoc reporting. It has support for industry standards and built-in security features.
- Budgeting - supports top-down and bottom-up budgeting, audit tracking, scenario management, and zero-based budgeting. This combines with tools such as multiple budgeting, templates, charting, multiple currency, etc. makes it a compelling tool.
- Personnel Planning - you can manage benefits, overtime calculations, commission-based calculations, personnel data, and scenario planning.
- Forecasting - you can do break-even analysis, inventory forecasting, production forecasting, rolling forecasts, and sales forecasting. Once again, you can leverage advanced features such as automatic allocations and multi-user data entry.
- Advanced Functions - A number of features such as job costing, allocations, currency management, and consolidation add to the offering.
- Analysis - there are capabilities for scorecards and dashboards, variance reporting, analytics, ad hoc analysis, and converting analytics to action.
- Business Modeling - centralized control, business rules, alternate scenarios and mass data manipulation are some of the features that the Business Model manager offers.
- Business Process Management - has a GUI based designer to manage workflow and processes.
- Financial Consolidation - it allows multiple roll-up requirements, real-time consolidation analysis, secure approval process, and consolidated management and financial reporting.
- Data Integration - allows you to integrate with your sales data, CRM system, and historical data. It can connect to your ERP system as well. It allows you to connect to any ODBC compliant database, which pretty much means, you can connect to anything.
- The above features are not even scratching the surface of this ull blown corporate application.
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