News & Views

News & Views is published monthly by 180 Systems. Our objective is to provide recent articles to our readers on business technology topics. In some cases, our blog contains a title with a hyperlink to a source article, a quote from the article and our comments. In other cases, we have provided a blog without a hyperlink for original content by 180 Systems. We encourage you to post your own comments. You can also access our blog by topic.

Prophix Interview

Business Intelligence, CPM

I recently spoke with Andy Amalfitano CPA, CA, Director of Sales Central Region for Prophix about changes at Prophix and his perception of the cloud. Prophix (http://www.prophix.com/) is one of the leading solutions for Corporate Performance Management (CPM). Prophix includes:

  • Budgeting, analysis and forecasting
  • Financial, statutory and management reporting
  • Financial consolidation
  • Profitability modeling & optimization, cash flow and revenue planning
  • Operational and strategic planning

Prophix targets organizations with revenues between $50M and $2B who want to evolve from being dependent on Excel for their key financial processes. Prophix recently announced the latest version of its CPM solution, one that will provide their customers with more choice in terms of how they implement the software. Some users will want to continue to have part or all of their financial processes on premise, while others will find it advantageous to move to the cloud. Andy pointed out that one reason customers choose an on premise solution is so that they will be able to drill down to transactional detail. Andy also noted that customers are becoming more comfortable with security in the cloud but they will have the option of an on premise solution or a blended approach, where the most sensitive data is stored locally.   

0 Comments

Make a Comment