Montevideo Uruguay, October 05, 2015
TOTVS, leader in the development of business management software in Latin America, signed an alliance with Prophix, a Canadian company that develops CPM (Corporate Performance Management) solutions. With this initiative, TOTVS clients now have extra budget planning resources in their ERPs.
Founded in the late 80's, Prophix is a leading provider of performance solutions, according to Gartner Group, and is present in 2600 clients located in 92 countries. Its software is composed of essential functionalities for the control and management of companies of any size or market segment. The main benefits are the automation and monitoring of the corporate budget of companies, distributed in departmental budgets such as Income, Expenses, Production, Investment, HR, Balance Sheet and Cash Flow.
With resources for scenario creation, forecasting, financial consolidation and bank reconciliation, the offer is the right one for companies that still use spreadsheets elaborated by common market software, prone to information consolidation errors. Integrated to the company's ERP, the new TOTVS Planning powered by Prophix also has the differential of having a friendly and intuitive interface, which gives independence of use to the responsible areas, without the need of IT interventions.
"The Prophix solution simplifies the professionals responsible for the information and allows to automatically consolidate data, eliminating the task of collecting and linking several spreadsheets, as well as the process of cutting and pasting data. Furthermore, the software allows the creation of budgets using a user-friendly interface, with total control and accuracy in data verification", explains Eduardo Gallindo, CEO of Prophix for South America.
Controlling workflows and efficiently managing the budget are competitive advantages for all companies, especially in times of unstable economies. "The good financial health of a company starts with the automated organization of its budget planning. Controlling and managing cash flow is essential for companies that want to be competitive in today's marketplace. The partnership with Prophix expands the vision of our customers not only of what is budgeted and realized, but also contributes to the simulation of new scenarios throughout the year giving agility to the decision making process", adds Marcelo Souccar, Segment Director of TOTVS.
The new solution is available for commercialization and the next step is to use the regional expertise and distribution channels of the two companies in Latin America to make the tool available throughout the territory.
About Prophix
For more than 20 years, Prophix has been a leading provider of performance management solutions, including budgeting, reporting, forecasting, financial planning and consolidation, business intelligence power analysis, strategic, capital and resource planning applications. Listed in the Gartner Group as a leader in satisfaction and profitability, today millions of users worldwide are using Prophix for corporate decision making. It is present in the USA, Europe, Latin America, Asia and Oceania, with more than 3 thousand customers.
About TOTVS
Top provider of business solutions for companies of all sizes, absolute leader in the SMB market, acting, in addition to the back office, also intensively in the "core" / "front office" of these companies with integrated solutions including management software, collaboration and productivity platforms and consulting, being one of the largest providers of ERP Suíte in the world, leader in Latin America, with more than 50% of market share in Brazil. Considered the 22nd most valuable brand in Brazil according to the BrandAnalytics ranking. TOTVS is present in 39 countries, including subsidiaries, franchises and development centers. In Brazil, it has 5 subsidiaries, 52 franchises and 9 development centers. Abroad, it has 3 more subsidiaries, 15 franchises and 2 development centers (United States and Mexico). For more information, visit www.totvs.com.
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