April 08, 2025
If you’ve ever felt stuck in the endless loop of Excel spreadsheets, you’re not alone. In our recent webinar, Guide Technologies and Prophix teamed up to show finance teams a better way to manage their data. Ron Clontz, VP of Sales Consulting at Guide Technologies, and John Sabec, Partner Account Manager at Prophix, walked us through how a powerful Financial Performance Management (FPM) solution like Prophix One can help you move beyond spreadsheets and take real control of your financial processes.
Whether you're using Infor’s CloudSuite Industrial, XA, or another ERP platform, this webinar was packed with actionable insights into modernizing your financial processes.
The Financial Challenges Facing Today’s Organizations
Finance teams have faced a whirlwind of challenges over the past five years, from supply chain issues and labor shortages to volatile economic factors like tariffs and interest rates. Many organizations still rely on Excel for their reporting and planning, which creates time-consuming processes, limited collaboration, and a lot of room for inaccuracies.
Without a centralized and dynamic solution, decision makers lack a complete view of past, present, and future performance, leading to misguided decisions and an inefficient use of resources.
Why Prophix? A Game-Changer for FP&A
Prophix offers a Financial Performance Management (FPM) platform that integrates directly with your ERP, pulling in real-time data for financial reporting, dashboards, planning and forecasting, and consolidation and intercompany management. Instead of managing spreadsheets and pieced together data sets, finance teams can use Prophix to centralize information, automate reporting, and gain insights.
Think of Prophix as the FP&A sidekick to your ERP. It brings the financial power to match your ERP’s manufacturing strength.
Interactive Dashboards and Reporting
With Prophix, users can access interactive, personalized dashboards that track KPIs, operating expenses, revenue by region, and more. Users can drill into data and have the ability to click into visuals, explore variances, and deep dive into transactional data without leaving the platform.
Need to update a cost center or chart of accounts? Prophix does it automatically with dynamic, scalable reporting. You can also build report binders and schedule them for automated distribution to internal stakeholders, eliminating the use of manual Excel workbooks.
Planning & Forecasting That Works for You
Prophix supports flexible planning across OPEX, CAPEX, personnel, and sales. It supports top-down or bottom-up assumptions, multiple scenario creations, and the use of statistical or operational drivers like headcount, square footage, or units produced. Payroll and workforce expenses can also be allocated across departments or projects with ease.
Thanks to Prophix’s intuitive drag-and-drop interface, finance users don’t need to be Excel experts to create powerful plans and forecasts.
Scenario Modeling & Forecast Agility
What if expenses increase or decrease by 5%? With Prophix, users can model out those impacts across business units or accounts in seconds. These scenarios can then be compared side-by-side with actuals to guide better business decisions.
This ability to quickly adapt and reforecast is especially important in today’s unpredictable economic landscape.
Advanced Modeling for Large Data Sets
Prophix’s newest module, FP&A+ Advanced Modeling, takes things even further. It allows teams to plan down to the SKU or customer level without slowing performance. This capability is especially valuable for manufacturers and distributors managing large, complex data environments.
Integration and Implementation: Fast and Flexible
Prophix is system agnostic and easily integrates with a wide range of solutions, including ERP systems like Infor CloudSuite Industrial (SyteLine) and XA, CRM systems like Salesforce, and HR & payroll systems like ADP and Paylocity. Prophix can even work with flat files or APIs for custom data sources.
The best part? Implementations typically take only 25–30 days, spread over 6–10 weeks.
Key Takeaways
- Excel-based financial processes are holding companies back. Prophix modernizes them.
- Integrated dashboards, dynamic reporting, and scenario modeling empower better decision-making.
- Planning and forecasting are faster, more accurate, and more collaborative.
- Prophix can be implemented quickly, and it works effortlessly with Infor ERPs and other critical business systems.
