Prophix - News, articles and cooperation

MISSISSAUGA, ONTARIO – (January 28, 2015) – Prophix Software, a global leader in developing Corporate Performance Management (CPM) software, is continually driving businesses forward by providing a common planning platform to make informed decisions related to the strategic, financial and operational aspects of the business.

Through leveraging technology to manage business performance businesses are able to collaborate with multiple lines of business or departments and enable them to use data derived from their financials to help with their operational planning, as well as ultimately improving the organization’s strategic decision making. “Prophix expands a company’s planning methods. With better data visibility Prophix creates something every business owner should understand a broader vision of your company’s performance,” said Paul Barber, Prophix’s CEO.

Company success with Prophix integrated financial planning

Thousands of companies have already leveraged Prophix to connect all of their processes within a single unified environment. Prophix integrated financial planning has been used to successfully model and integrate the planning efforts in a number of applications, including: Product profitability, Customer profitability, Capital expenditures (CapEx), Manufacturing operations, Supply chain, Business processes (human and information-based), Business policy, Market demand curves, Competitive strategy, Sales and Revenue planning, Personnel planning and Balance Sheet and Cash Flow planning.

Crystal and Company, an insurance company in NY, NY relies on Prophix to track and evaluate their operations. Having the ability to analysis the operational areas while still consolidating the detailed operational information into a financial model has created a basis for forecasts and monthly financial reports “Prophix has allowed us to look more deeply, with more insight, into our operating costs and determine how we can become more efficient.” Corporate Controller, Joel Goldstein  

Read the Crystal and Company Case Study

While other planning solutions have different modules and applications to plan, consolidate, report, analyze and forecast data, Prophix is built based on unified functionality and technology. By deploying a unified model across functions and leveraging the organization’s data, management is able to use integrated financial planning to evaluate activities and plans based on the true economic impact of each consideration.

“Through using a single platform (Microsoft), Prophix Software is able to deliver a consistent, unified end-user experience that empowers non-technical business users around regular planning and reporting tasks that are integrated and combined to develop and implement a broader vision of your company’s performance,” said Geoff Ng, Prophix’s VP of Product Planning. “At Prophix, we believe that a single platform for all your CPM requirements is essential.”

About Prophix Software

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.

February 13th, 2015 – Mississauga. Prophix Software today announced the creation of an annual $100,000 fund that will be devoted to tackling compelling social issues.

Corporate Social Responsibility (CSR) has become widely adopted by many of Canada’s largest and most profitable businesses – so much so, that Maclean’s Magazine has begun publishing an annual list of Canada’s Top 50 Socially Responsible Corporations.

While Prophix has played an active part in its local community over the last five years, it is now joining the ranks of Canada’s leading companies by formally establishing a CSR fund that will be allocated towards supporting social programs and initiatives in Canada and/or around the globe.

Prophix CEO Paul Barber comments, “We have long held that ‘giving back’ to one’s community isn’t good enough. Rather, we believe that every company has a responsibility for finding opportunities and making a measurably positive impact on the world. We have built a corporate culture that lives and breathes this value.”

Among the social programs that Prophix has participated in include: serving breakfasts to over 500 school children in Peel, planning over 70 trees for Earth Day, donating 150 turkeys to families in need, and marching in support of Meagan’s Walk.

Paul Barber adds, “Our customers, who inspire us, are global companies with multiple offices spread around the globe. They succeed, in part, because of their continued commitment to the many communities in which they operate and have a hand in shaping. Similarly, it is critical for Prophix to demonstrate our devotion to the communities that welcome us – whether that is across Canada or the world.”

About Prophix Software
Prophix Software 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.

Media Contact

Andrew Brown

Senior Manager, Marketing Communications

1.800.387.5915 ext. 310

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: vueinfo@aptech-inc.com
www.aptech-inc.com

Media Contact:
Julie Keyser-Squires, APR
Softscribe Inc.
Atlanta, GA 30338
Phone: 404-256-5512
Email: Julie@softscribeinc.com
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.

Media Contact
Andrew Brown
Senior Manager, Marketing Communications
1.800.387.5915 ext. 310
Email: abrown@prophix.com