Consolidation……Control………..Future course of action

It is prophix's consolidation that has come up with the offerings of financial consolidation software . Every organization is different from the other in terms of geographic region, product portfolio, and division and organization structure. Prophix understands the specific needs of each organization and comes up with customized applications. We all know that much credit can be given to an organization which is undergoing a massive expansion. But, more credit should be given to an organization that consolidates the expansion process. A better consolidation will ensure a better control mechanism.

The consolidation software enables the financial analysts of the organization to compare past and present future financial data and to determine trends for the future. The software also aims to ensure data security by establishing means to restrict unauthorized data access and data manipulation. The software also consolidates many divisions of the same organization or separate companies by using state of the art Extract Transform Load (ETL) processing. This eliminates the need for using a series of spreadsheets to be used in the consolidation process. ETL processing ensures a faster, reliable and accurate process.

This software has made many professionals to submit accurate reports well ahead of their reporting deadlines. With a consolidated report resembling a real time report, you can walk confidently into the boardroom.