Excel is great for many things… but proactively reporting on financial data is not one of them.
Making sense of this massive amount of data has always been a challenge, which is why Corporate Performance Management Tools – also referred to as CPMs – were developed to pick up the slack. These tools put advanced modeling and planning capabilities in the palm of your hand, allowing you to learn from your data to make better and more informed decisions every day.
But of course, you already knew that.
As is true with so many other critical business apps, the key isn’t buying into CPM as a concept – it’s in finding the right CPM tool that supports everything you’ve worked so hard to build. Gone are the days where software is a “Swiss Army knife” that tries to appeal to anyone and everyone. These days, specific applications are targeting niche audiences and you need to find the specific subset that you’re a part of. You need something that won't force you into a "one size fits all" box and will instead play to the strengths that make you unique.
The chances are high that one of those tools is Prophix, a CPM that offers the scalability you’d expect and the versatility you deserve.