BPM Partners Features Prophix in the 2022 Performance Management Vendor Landscape Matrix

Prophix Recognized as Dominant Vendor in Mid-Market CPM Category

MISSISSAUGA, ON, June 27, 2022 /PRNewswire/ — Prophix Software, a global leader in mid-market enterprise performance management (CPM) software, today announced that it has been featured prominently in the latest Vendor Landscape Matrix. Performance Management (VLM) 2022 produced by BPM Partners, the leading independent authority on business performance management. Prophix has been recognized as “Leading” in the overall CPM market status and ranked as “Excellent” specifically for Customer Satisfaction. The categories in the matrix rank active BPM vendors based on customer satisfaction with their current offerings and relative momentum in the market.

Prophix received an overall customer satisfaction rating of 4.55 out of 5 and was recognized for excellence in ease of use, low total cost of ownership, product flexibility, integrated scheduling, and performance/stability . Prophix was also highlighted for its ability to deliver AI that provides insights, task management, anomaly detection and improved forecasting and analytics, as well as its extensive financial consolidation and close capabilities that have been added to Prophix’s integrated suite of solutions following the acquisition of Sigma in 2021.

“Prophix is ​​a well-rounded, well-managed organization with a performance management solution that exemplifies the value of AI beyond the buzz,” said Craig Schiff, President and CEO of BPM Partners. “Their powerful visual analytics, dashboards with extensive charting options and streamlined user interface, and drag-and-drop workflow builder deliver on the promise of ease of use. Kudos to Alok and to his team for the impressive positioning of Prophix in this year’s report.”

“Product innovation and customer satisfaction are two characteristics that Prophix stakes its reputation on,” said Alok Ajmera, CEO of Prophix. “That’s why we’re honored to be ranked so highly by BPM Partners in their annual Vendor Landscape Matrix report. The scores we received, including our exceeding the industry average in 14 out of 15 customer satisfaction categories from BPM, confirm that we are on track to deliver what our clients need to solve their most pressing FP&A challenges, as well as closing and consolidation challenges.”

Read BPM Partners 2022 Supplier Landscape Matrix Report here.

About BPM Partners

BPM Partners is the leading independent authority on business performance management (BPM) and related business intelligence solutions. The company helps organizations solve budgeting, planning, financial reporting, regulatory compliance, profitability optimization, key performance indicator (KPI) development, and operational performance issues with independent industry experts. providers who can guide companies through their BPM initiatives from start to finish while both reducing risk and minimizing cost. For more details, visit www.bpmpartners.com.

About Prophix

To enable midsize businesses to achieve their goals, Prophix provides an integrated cloud-based platform to the Finance Office; one that provides solutions for planning, budgeting, reporting, forecasting and consolidation. With Prophix, finance leaders improve profitability, minimize risk, and focus again on what matters most: uncovering business opportunities. Prophix supports the future with AI innovations that adapt to meet the strategic realities of the more than 2,600 active customers, worldwide, who rely on Prophix to deliver tangible business results and transform the way they work. For more information, visit www.prophix.com.

SOURCEProphix

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