#cpm software

Gone are the days of flat-file loading from one server to another.   At Prophix we strive to stay on top of market trends and the way we integrate data from multiple source systems to Prophix is no exception.

Today’s CFO/CTO is looking for multiple pre-built connectors, data encryption to ensure data security, and the ability to perform transformations on the data before loading it into the software.   Whether is it from an on-premise application or a hosted solution, we make the integration process simple, fast and secure.

At Prophix, we encourage you to add as many data sources as you wish.  This will provide you with the most effective reporting and decision making solution possible.

We recently conducted a webinar with Aberdeen Group and SnapLogic.   The Aberdeen Group helps provide intelligence on what markets are buying along with, peer-based, analytic content to back it up.  SnapLogic is a software company that provides Integration Platform as a Service (IPaaS) tools for connecting Cloud data sources, SaaS applications and on-premises business software applications.

Some webinar highlights:

industry trends and analysis of what your peers are doing and plan to do

the Prophix integration platform and how it, in conjunction with our CPM platform, will raise the bar on your reporting and analytics

insight from a world-class data integration solution provider

Six Reasons Why You Need Corporate Performance Management

1. Not enough hours in a day.

If you’re relying on spreadsheets to decipher, analyze, and report large amounts of financial data, you’re also spending a lot of time cutting and pasting, creating formulas and layouts.

CPM software slashes the hours it takes to access and organizes your financial data – not only saving you time and money but preserving your team’s sanity!

2. Too many errors, not enough accuracy.

So much manual entry is required when using spreadsheets that mistakes are bound to happen.

Similarly, it’s difficult to track reviews and submissions that require approval from multiple people. There’s always the risk of compliance snafus if you can’t prove that employees followed the correct procedures.

CPM software supports more efficient financial processes, providing you with transparency.

3. You’re having a tough time actioning your data.

Linking the achievement of corporate goals to operational activities may seem like a fantasy, but many organizations around the world are doing this today.

Put purpose and value back into your planning process. Link performance with outcomes – month to month, or weekly if you need. Gauge performance and make better business decisions to improve your company’s financial position.

4. Accessing your financial data presents a challenge

It takes time to compile your financial information. Senior management expects that information in minutes. Is it possible to be more prepared?

Integrating CPM software with your ERP system allows you to easily access and organize your financial data.

5. You need to be more responsive to change

If you struggle with manual data entry now, just imagine the paperwork you’ll have as your business grows.

Corporate performance management software offers you the ability to analyze your historical data, along with present-day trends and patterns, to predict future outcomes.

Don’t just respond to change– anticipate it, and make sound decisions based on what you see coming.

6. You’re sick of slugging it out with your ERP There’s a big difference between an accounting generalist and a financial analyst.

A generalist typically works under basic accounting principles. A financial analyst provides the company with more strategic and nuanced information.

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