SOFTWARE SOLUTIONS

" Leveraging Prophix Oneto address their most critical challenges , Prophix is empowering finance leaders with the capabilities they need to embrace next-gen technology without a complete overhaul of their existing infrastructure ," said Alok Ajmera , President and CEO at Prophix . " We believe our position as a leader in the IDC MarketScape validates our ability to support the full breadth of the office of the CFO with the tools and insights needed to navigate complexity , optimise performance and achieve strategic objectives . As the finance industry continues to evolve , this recognition highlights the importance of embracing transformative technologies to stay ahead of the curve and drive meaningful impact within organisations ."

The IDC MarketScape report is an assessment of enterprise planning , budgeting and forecasting application vendors that focus on mid-market organisations . The study highlights the factors expected to be the most influential for technology buyers as they seek new software to support cross-functional and domain-specific planning , budgeting , scenario analysis , forecasting and financial analysis processes .

Prophix recently launched Prophix One , a Financial Performance Platform for next-gen finance teams . Prophix One offers growth-focused businesses nextgeneration finance tools to enhance decision-making , optimise processes and drive growth . It ' s a unified cloudbased platform that leverages a depth of capabilities , from financial close to planning , to streamline workflows and increase planning frequency , all within a harmonised user experience . Key advantages for finance leaders include :

• Advanced data processing : Incorporates elastically scaling in-memory technology for enhanced performance , enabling finance teams to handle complex planning and large datasets with increased speed , precision and accuracy .

• Workflow , security and user management : Offering a single point of user authentication and centralised user management , Prophix One is ultra-adaptable to fit within any finance department securely .

• Monthly account reconciliation and validation : A focus on financial accuracy , with advanced monthly reconciliation and validation tools , uniquely positions Prophix One as a strategic asset for precise financial statements among market competitors .

• Strategic cash flow forecasting : Prophix One empowers finance leaders with advanced modelling for accurate cash flow forecasting , helping organisations confidently navigate financial waters .

Additionally , Prophix now offers a new resource , " The Ultimate Guide to Next-Gen

Finance ," designed to help finance leaders seeking innovative solutions to modernise their processes . The guide covers key topics such as :

• Defining next-gen finance

• Taking the first steps : decoding finance software

• Making the business case for next-gen finance

• How to evaluate finance platforms

• Elevating your career with next-gen finance knowledge

Backed by world-class cloud security and compliance , Prophix helps finance leaders unlock new levels of performance and drive better business outcomes . �

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