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What is Prophix?

Prophix serves as an all-encompassing software solution tailored for corporate performance management (CPM), catering to the diverse requirements of businesses of all scales and industries. By unifying budgeting, planning, forecasting, financial consolidation, and reporting capabilities within a single platform, Prophix facilitates a shift from conventional Excel practices, ultimately improving organizational performance. Available in both on-premises and cloud versions, it has earned the confidence of numerous companies worldwide, enabling them to efficiently automate and streamline critical financial processes. This powerful software not only supports businesses in making well-informed decisions but also plays a crucial role in fostering strategic growth and development. Additionally, its user-friendly interface ensures that teams can quickly adapt and benefit from its comprehensive features.

What is CloseCoda?

CloseCoda is a tailored solution designed to meet the consolidation requirements of Workday Financials, specifically addressing the complexities involved with multi-level hierarchy waterfalls and elimination tasks that native Workday tools fail to adequately manage. By facilitating the quick and accurate generation of consolidated trial balances and reports across multiple entities, levels, and time periods, it enables organizations with complex structures to achieve financial closures more efficiently. With automation features focused on effective data consolidation, elimination at sub-levels, and the ability to manage large column counts, CloseCoda can be adjusted to align with your specific organizational needs and serves as a comprehensive solution both during the initial implementation and after the system goes live. Moreover, it operates under a subscription framework, providing ongoing support and functionality. Clients have reported notable decreases in the time required for consolidation tasks, with many implementations being finalized in a mere 3 to 5 business days. The platform not only streamlines the implementation process but also improves enterprise-level reporting capabilities across a wide range of projects or portfolio companies, consistently delivering reliable consolidated data without the necessity for manual involvement. Ultimately, CloseCoda allows organizations to refine their financial processes, guaranteeing enhanced accuracy and effectiveness in reporting while also fostering a culture of continuous improvement. This dedication to innovation positions CloseCoda as an essential asset for any organization seeking to elevate its financial management practices.

Media

Media

Integrations Supported

Olix365
SYSPRO ERP
Sage X3
Workday Financial Management
Zoho Directory

Integrations Supported

Olix365
SYSPRO ERP
Sage X3
Workday Financial Management
Zoho Directory

API Availability

Has API

API Availability

Has API

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Company Facts

Organization Name

Prophix Software

Date Founded

1987

Company Location

Canada

Company Website

www.prophix.com

Company Facts

Organization Name

Kognitiv

Date Founded

2008

Company Location

United States

Company Website

kognitivinc.com/closecoda/

Categories and Features

Budgeting

"What If" Scenarios
Asset Planning
Balance Sheet
Capital Asset Planning
Cash Management
Consolidation / Roll-Up
Forecasting
General Ledger
Income Statements
Multi-Company
Multi-Department / Project
Profit / Loss Statement
Project Budgeting
Run Rate Tracking
Version Control

Business Performance Management

Ad Hoc Reports
Ad hoc Analysis
Budgeting & Forecasting
Consolidation / Roll-Up
Dashboard
Key Performance Indicators
Predictive Analytics
Qualitative Analysis
Quantitative Analysis
Scorecarding
Strategic Planning

Financial Reporting

"What If" Scenarios
Audit Trail
Balance Sheet
Cash Management
Consolidation / Roll-Up
Forecasting
General Ledger
Income Statements
Multi-Company
Multi-Department / Project
Profit / Loss Statement

Sales Forecasting

Competitor Analysis
Correlation Analysis
Dashboard
Dynamic Modeling
Exception Reporting
Graphical Data Presentation
Modeling & Simulation
Performance Metrics
Sales Trend Analysis
Statistical Analysis

Strategic Planning

Budgeting & Forecasting
Dashboard
Goal Setting / Tracking
Idea Management
KPIs
Modeling & Simulation
Roadmapping
Scenario Planning
Scorecards

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