Corporate Performance Management Seminar
-
Upload
raffa-learning-community -
Category
Leadership & Management
-
view
393 -
download
0
Transcript of Corporate Performance Management Seminar
Thrive. Grow. Achieve.
Corporate Performance Management Seminar
Seth Zarney, Nicole Diceman, Buu-Linh Tran
March 10, 2016
See Beyond the
Spreadsheet:
An Introduction to Prophix
Corporate Performance
Management
Nicole Diceman
Product Marketing Manager
Prophix Software
Pamela Taff
Partner Account Manager
Prophix Software
Agenda
Current
Challenges What is CPM Benefits – Raffa
Use Case
Prophix Product
Demo
Questions &
Answers
The office of finance faces new
challenges
Companies today can access more
data.
They need to forecast more often.
Collaboration is a fundamental
requirement.
Spreadsheet pains
• Labor and time intensive
• Error prone
• Data Integrity issues & version control
• Confidence in process
• Multiple user accessibility
• Incomplete solution
• Lack of accountability, ownership and
collaboration
What is CPM?
CPM Component Functionality
Planning and Forecasting Budgeting; rolling forecasts;
multi-year plans
Financial and Management
Reporting
Monthly report books; statutory
reporting; variance analysis
Financial Consolidations Inter-company eliminations;
journal entries; multi-currency
Profitability Modelling and
Optimization
Cost analysis;
product/customer profitability;
allocations
Strategy Management Scorecarding; KPIs;
data visualization
CPM today
Automating non-transactional processes in the Finance
Department such as…
Budgeting,
Monthly reporting,
Mid-year forecasting,
Financial consolidation,
Scorecards,
Operational Planning …..
Why Prophix?
• Capability
• Functionality to address ALL models
• Complex modeling at daily and/or weekly levels possible
• Cost
• Configure don’t customize
• No additional software to buy… ever
• Access to data
• Full integration to all systems as often as is required
• Simple and automated
• No security risk
Why Prophix? • Full CPM
• Customers typically want an platform, not a single use
application.
• Integration beyond the Chart of Accounts • Prophix becomes a central, single application deployment
for all reporting and budgeting needs across the
Company; that is very powerful!
• Eliminates the risks of Excel • Prophix has a distribution engine for Reporting or Budget
collaboration (“What spreadsheet is the most current?”)
• No Reliance on IT or Technical Resources
• Self Service Reporting for all – you can do it! • End Users will be able to understand the details – made by
business users
Customer Profiles
Dominant Mid-Market
10-500M Companies
Using Excel to Manage office of Finance
Want for Collaborative Budgeting
Variances are too much; more robust budgeting
Month-end Reporting takes too long
New Accounts have to be added to redundant reports; formulas need updating
Want to solve 1-2 pains immediately
5-10 day implementation for Budgeting and Reporting
Budget, $25k+
monitoring performance
01 streamlining opex planning
02 unlocking personnel planning 03
accelerating sales planning 04 improving strategic decision-making 05
demo overview
06 automating reporting
Automation Low upfront cost & risk
Highly configurable
One unified platform
Highly scalable
Limited internal IT
requirements
“Prophix has given us the
advanced solution that we
needed. In terms of addressing
our business needs, the
product has worked wonders.”
John Regan VP of Finance Wastequip
Impact from using Prophix
"Prophix is user-friendly and
comprehensive. The system
allows us to complete all of our
reporting, forecasting,
budgeting, dashboards, and ad
hoc analytics in a real-time
format."
Aaron G. Atkinson Chief Financial Officer
Wacom Technology Corporation
"We looked at Hyperion
upgrades, but we settled on
Prophix for its combination of
price, simplicity, and power.
The product appeared to offer
functionality across the board.
Most of all, we realized that we
could expand our Prophix
solution over time based on the
needs of the company.“
Ben Wheeler Assistant Controller Myriad Genetics
"As our business grows and the
corporate structure changes,
Prophix has allowed us to put
our financial processes in
place with access to valid
and accurate information. We
then use the system to
analyze our data in a number
of different ways."
Scott Murray Controller Financial Reporting & Internal Control Porter Airlines Inc.
Expected Benefits • Reduce reporting and
planning cycle time
• Accelerate responses to ad hoc information requests
• Minimize time to find, extract and reconcile data
• Ensure “one version of the truth”
• Enhance predictive analytics capabilities
• Improve understanding of Product and Customer Profitability
Analysis
Data collection &
reconciliation
Analysis
Before After