Accountability, Immediacy, and Accuracy – Key to Prophix’s Shortlisting in the UK Business Finance Awards

Recognise and celebrate innovation in financial software

Accountability, immediacy, and accuracy – the three watch words of doing business in the 21st century, the technological age. For the financial sector, these words have even more relevance, for these are at the very heart of the operational and reputational cleanup that followed the financial crisis of 2008.

It’s not surprising then that businesses need to be able to monitor, track and report their every activity with the utmost confidence and certainty. Nor is it surprising that as the world becomes ever smaller and the potential for global trade holds no barriers, immediate access to critical business information regardless of location or time zone is vital for day-to-day operations.

For software developers like Prophix, we respond to these changing conditions and have automated financial and operational processes for customers, making their companies more profitable and reducing their risks in response. Our ability to offer insight into business performance by streamlining budgeting, planning and reports amongst other things has never been more valuable.

The UK Business Finance Awards are the pinnacle of the year for us, for they recognise and celebrate innovation in financial software. Organised by one of the UK’s largest financial publishers (and publisher of Financial Director magazine) the awards focus on identifying and commending products that drive efficiency and accuracy and are innovative and agile in their approach.

The awards themselves will be attended by the great and good of the financial services and software industries, bringing together CFOs, finance directors, their teams and suppliers to celebrate all that is pioneering, enlightening and empowering in the sector. It’s for these reasons that the UK Business Finance Awards are so highly regarded.

As one of the shortlisted companies for Software Product of the Year, the significance of this recognition is not lost on us. Prophix’s Corporate Performance Management Software has been incredibly well received by the market, a success that is a testament to the strength of our team and the insight it has into the needs of our customers – namely their need for accountability, accessibility, immediacy and accuracy.

It is our team of hybrid consultants, combining finance and technology skills, which gives us a distinct advantage and is certainly one of the reasons that Corporate Performance Management Software has struck such a chord with our customers.

Automating the hygiene functions of finance has made them rely less on unwieldy and complex spreadsheets, making their financial planning process much more robust and efficient, which in turn reduces risk and increases profitability. In simple terms, we have made financial information the trustworthy, single source of truth in a business.

There’s still a couple of weeks to wait before Prophix will now whether we’ve scooped the title of Software Product of the Year (the Awards are on March 9th) but for now, we are delighting in the knowledge that our product has been recognised for industry acclaim and, that our customer insight is king.

Also see: Information about Corporate Performance Management Software