#prophixsoftware

1. You love budgeting! Your love of creating and revising budgets knows no bounds. You wish you could spend every minute of your working day on budgets that may or may not be accurate and may or may not be current.

2. You don’t believe in technology. If you’re skeptical of technology and doubt automation can save you time, then CPM software is not for you. If you could, you would still use an abacus.

3. You like working overtime, all the time. Month end, year end, quarterly results – these are the reasons you jump out of bed and rush to work every day. You especially love working extra long hours, cold take out food and never seeing your loved ones.

4. You don’t want to look like a superstar. Automation, planning, stunning visual analytics, no thanks! You’d rather not rock the boat and stick with good old Excel.

February 26th, 2015 – Mississauga. Prophix Software, a pioneer in global Corporate Performance Management (CPM) software, honored Aptech Computer Systems with its Independent Software Vendor (ISV) Award for 2014. Aptech received the award for its Targetvue Enterprise Budgeting and Planning solution for hospitality companies. Aptech is the leading provider of software for business intelligence, budgeting, and enterprise financial accounting serving the hospitality sector.     Aptech began working with Prophix in 2012 to develop a new budgeting and forecasting application that integrates with its Profitvue® accounting and Execuvue® business intelligence systems. Targetvue, based on the Prophix platform, simplifies enterprise-wide planning, consolidation, and reporting by eliminating the need for large companies to rely on managing or manipulating multiple spreadsheets.     “Aptech earned the Prophix ISV award by leveraging our CPM platform with Targetvue to create a budgeting, forecasting, and planning solution that helps hotel operators be more successful,” said Michael Tindal, Vice President, Marketing for Prophix Software Inc. “This is noteworthy because the tremendous fluctuations the hospitality sector experiences – due to conditions such as variations in weather, currency rates, local regulations, evolving workforce demands, etc. – makes it one of the most difficult sectors in the world to plan for or predict.”     Prophix develops CPM software that automates important financial and operational processes, making companies more profitable and reducing their risks. The company empowers more than 2,500 customers in 92 countries to gain valuable insight into their companies’ performance.     Tindal continues, “Aptech’s extensive sector experience, leadership, and suite of total-hospitality solutions, makes it a high-performing partner and ideal recipient for our award.  Because Prophix is the leader in CPM, and Aptech is the leader in Business Intelligence and accounting for the hospitality sector our relationship benefits each company’s clients.”       Jill Wilder, Vice President of Aptech Computer Systems, said, “All of us at Aptech want to thank Prophix Software for this award. We met with Prophix Software several years ago when we evaluated its CPM solution and thought it would be a good fit for enterprise hospitality budgeting and planning. Our companies have worked well together since then, and many hotel companies today use Targetvue for forecasting and planning to help them operate more profitably.”       About Aptech Computer Systems, Inc. Aptech Computer Systems, Inc., based in Pittsburgh, Pennsylvania, is the only provider of a fully integrated enterprise accounting, business intelligence and planning ecosystem to the hospitality industry.  Its solutions help customers at both the corporate and property levels understand their financial and operational data for faster goal achievement.  

Incorporated in 1970, Aptech’s state-of-the-art back office, true business intelligence and enterprise planning solutions are 100% hotel specific.  Solutions include Profitvue®, Execuvue®, Webvue® and Targetvue. Clients comprise over 3,200 properties - including large chains, multiple-property management companies and single-site hotels. Execuvue and Profitvue are registered to Aptech Computer Systems, Inc.   All other trademarks are owned by their respective holders.  For more information please visit    www.aptech-inc.com.  

Aptech Computer Systems Cam Troutman, Vice President     135 Delta Drive     Pittsburgh, PA 15238     Phone: 800-245-0720 or 412-963-7440     Email: [email protected]     www.aptech-inc.com

Media Contact: Julie Keyser-Squires, APR     Softscribe Inc.     Atlanta, GA 30338     Phone: 404-256-5512     Email: [email protected]     www.softscribeinc.com

About Prophix Software Inc. Prophix develops innovative software that automates critical financial processes such as budgeting, planning, consolidation, and reporting—improving a company’s profitability and minimizing their risks. Thousands of forward-looking organizations in nearly one hundred countries use software from Prophix to gain increased visibility and insight into their business performance. For more information, visit    www.prophix.com.

Founded in 1989 by two Canadian West Coast rock climbers, Dave Lane and Jeremy Guard, Arc'teryx’s stated purpose “is to build the finest products possible.” Further, Arc'teryx proclaims it has built the company “on the principle of obsessive, precise design and production. Achieved by merging our unrivaled design and craftsmanship with the most advanced materials and constriction to create products that will perform at the point of extreme need.” These goals leave no doubt about the determination of Arc'teryx’s leaders. For them, success must be defined by the flawless performance of every aspect of their business, ranging from producing “unrivaled designs”, acquisition of the “highest performing materials,” and assembly. Unsaid but implicit is the need for informed, disciplined management. It is not possible to have “unrivaled designs” without unrivaled knowledge of their customers and the competition. Nor is it possible to build “the finest possible products” without the highest level of business operations. And what would be the point of excellent plans if Arc'teryx did not also have the best customer service, distribution, and delivery? These elements all depend on excellent financial planning and performance management. And elite performance demands that Arc’teryx’s decision makers have unfettered access to complete and accurate information on-demand.

To achieve this goal, the finance team at Arc'teryx began by installing Prophix’s Corporate Performance Management (CPM) software—initially for budgeting. Today, the company uses Prophix to extract data from their ERP and general ledger systems in a way that enables robust, flexible analysis, accessible drill-down, and sales and financial reporting. This was simply not possible before. According to the organization’s Controller, Boyd White, slicing and dicing information about sales to develop accurate budgets and updated forecasts, “basically at the drop of a hat, in under one hour,” has become fundamental to making properly-informed management decisions that lead to critical marketing and financial actions. 

Watch