PROPHIX
NEWS

As midmarket organizations seek the agility and functionality of the cloud, Prophix further demonstrates its commitment to cloud with industry leader

Prophix Software, a global leader in Corporate Performance Management (CPM) software, announced today it has achieved Advanced Technology Partner recognition in the Advanced Partner Network (APN) of Amazon Web Services (AWS). The advanced status is one of the highest recognitions of an APN Technology Partner that includes a thorough evaluation process, technical assessments, and strong customer references.

Through its deepening relationship with AWS, Prophix is making further investments in cloud to benefit customers in multiple ways including:

• Accelerating product innovation and development of next generation financial planning and analysis (FP&A) capabilities based on advanced technologies such as artificial intelligence and machine learning.
• Expanding Prophix Cloud to more customers and partners internationally leveraging the global scale of AWS.
• Further enhancing support for customers of all size across the midmarket by using elastic, scalable AWS cloud services.

“We completed our move to the cloud in 2018 and welcomed more than 200 new customers, 85 percent of which are cloud-based,” said Alok Ajmera, President, Prophix.”This underscores the sea change happening with midmarket organizations that need the cost, scalability and reliability benefits we can deliver.”

Prophix uniquely offers customers the flexibility to deploy its software in a way that makes the most sense for their specific business – whether in the cloud or on-premise. The Prophix Cloud is built from the ground up on secure cloud and web technologies that offer flexibility and peace of mind delivered on a proven, trusted and scalable platform. The Prophix Cloud is also ISO27001:2013 certified, SOC2, Type 2, and ISAE 3402, Type 2 compliant and undergoes regular third-party audits. Prophix further solidified its cloud leadership when it was positioned as a Visionary in Gartner’s 2018 Magic Quadrant for Cloud Financial Planning and Analysis Solutions.

In a February 5, 2019 report from 451 Research entitled, “Prophix details core themes of its CPM product roadmap,” analyst Conner Forrest stated, “Prophix believes the convergence of cloud, AI and big data will help enable disruption in the CPM space. And that informs its future product strategy.”