Prophix: Product Overview and Analysis
eWEEK is constructing a brand new IT services part that encompasses many of the classes that we cowl on our web site. In it, we’ll highlight the leaders in every sector, which embrace enterprise software program, {hardware}, safety, on-premises-based programs and cloud companies. We additionally will add promising new corporations as they arrive into the market.
Today: Prophix (company efficiency administration)
Company description: Prophix is a worldwide chief in Corporate Performance Management (CPM) software program on a mission to rework the workplace of finance by means of modern approaches and applied sciences. Focused on the mid-market enterprise, Prophix helps finance leaders enhance profitability and reduce danger by automating budgeting, planning and reporting to allow them to direct their consideration to what issues most–uncovering enterprise alternatives and driving aggressive benefit.
Established in 1987, Prophix Software is headquartered in Ontario, Canada. Privately held, Prophix not too long ago introduced its whole annual recurring income (ARR) for 2018 elevated by 42% from fiscal yr 2017. Revenue from its cloud enterprise elevated 440% year-over- yr, and the corporate has established a strategic path to realize $100M in ARR by 2023.
2018 was highlighted by Prophix’s profitable shift to a cloud supply enterprise mannequin and increasing its world cloud shopper portfolio. Prophix added greater than 200 new prospects in 2018, 85 p.c of which are cloud-based. Prophix has invested greater than 20% of income in R&D to reinvent the workplace of company finance by means of the appliance of applied sciences like synthetic intelligence, pure language processing and machine studying.Paul Barber is the chief government officer of Prophix.Further studying Top Remote Access Software Vendors Cloud Elements: Product Overview and Insight
Markets:Construction Insurance Higher Education Healthcare Manufacturing Not-for-Profit Professional Services Retail Utilities
International Operations: United States United Kingdom Germany Brazil (Rio de Janeiro) Brazil (São Paulo) Product and Services
Prophix’s Corporate Performance Management (CPM) software program helps monetary leaders enhance profitability and reduce danger by automating repetitive duties and specializing in what issues most; uncovering alternatives and making insightful enterprise choices. Prophix CPM software program focuses on 4 options areas:Budgeting and Planning Financial Consolidation & Close Reporting & Analytics Workflow & Automation Key Features
In the quickly altering atmosphere of right now’s enterprise world, what’s labored earlier than merely doesn’t reduce it anymore. Prophix’s software program helps monetary professionals reframe their on a regular basis challenges. By offering better visibility into their firm’s monetary well being, monetary executives can simply observe firm efficiency towards planning and rapidly make changes as wanted.
Through its funding in cloud, Prophix supplies a trusted and scalable platform for patrons seeking to speed up their monetary planning and evaluation (FP&A) capabilities and undertake subsequent gen options encompassing superior applied sciences like synthetic intelligence and…
