CONSOLIDATION

CONSOLIDATION

Prophix CPM adds a standardized process and control to your financial consolidation. Rather than manually collecting data from different sources and formats, you can use the software to automate data collection and consolidate the information for better quality and consistency.

Your CPM software allows you to summarize operational data for all your subsidiaries, create a single set of financial statements and ensure compliance with different regulatory requirements.

Work that previously required extensive hours and several reviews to ensure accuracy can now be completed within minutes. No more overtime and you can be sure that the data are correct.

Sophisticated workflow capabilities remove the burden of having to manage and remind other stakeholders that they need to submit their financial information. With Prophix, you can schedule alerts to be sent on your behalf. Workflows also provides the structured review and approval process you need to ensure the data’s security and auditability.

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