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Prophix® Powers Into 2025 with Product Innovation and Growth

As the global leader in financial performance management, Prophix® is kicking off 2025 with remarkable momentum, marking the start of the year with robust product enhancements, global initiatives, and commendable industry recognition. In a recent announcement, Alok Ajmera, the President and CEO of Prophix, emphasized the company’s commitment to innovate, stating, "The first quarter of 2025 reflects the energy, commitment, and vision that drives our team forward."

Product Innovations

In the first quarter, Prophix unveiled Prophix One™ FPA Plus, an innovative application designed to expedite analysis and decision-making for finance leaders dealing with increasing complexity. This effectively supports finance teams in navigating the intricate financial landscape of today. Alongside this, the company launched the Solutions Marketplace, which serves as a centralized hub featuring pre-built templates and data connectors. This initiative aims to streamline the onboarding process for finance teams using Prophix One.

Industry Recognition

The first quarter saw Prophix receiving notable accolades, reflecting its excellence in product quality and customer satisfaction. Prophix was recognized in G2's 2025 Best Software Awards, earning multiple Enterprise badges, including "Best Meets Requirements" and "Highest User Adoption." Moreover, TrustRadius honored Prophix with a Top Seller Award based on strong user insights indicative of its value and capabilities.

In addition, from the Dresner Applications Innovation Award for financial reporting to being recognized by ISG Research for the agile framework of FPA Plus, Prophix showcased its technical prowess and user-friendliness. The BARC Survey 2025 ranked Prophix #1 in recommendation ratings, emphasizing the company’s importance in cloud-based consolidation, with 100% user satisfaction.

Global Expansion

Prophix has also made strides in global growth, acquiring Forest Grove, a distinguished financial analytics firm from Australia, set to transition into Prophix Australia by July 1. This acquisition marks a significant commitment toward regional expansion and aligns with the company's vision for global alignment.

Partnering with UHY, Prophix aims to enhance CFO advisory services, further empowering finance teams in their performance through innovative tech solutions. Following the success of the previous year's Prophix Live!, the company is launching a new series of global events throughout North America, Europe, and Australia, offering hands-on sessions and networking opportunities for clients and partners.

Commitment to Community

One of Prophix’s fundamental values encompasses giving back to the community, which remains a top priority. In the first quarter, employees raised $3,360 for Black Women in Motion, a nonprofit dedicated to supporting Black survivors of gender-based violence. Prophix amplified this impact by matching the entire donation through its Corporate Matching Program. Additionally, through its ongoing partnership with Kiva, Prophix has successfully lent over $98,000 to more than 5,400 entrepreneurs in over 15 countries, contributing to the growth of underserved businesses.

The company's dedication to quarterly "Purpose Projects" continues, enabling employees to decide which charity will receive a significant $50,000 donation by the end of April.

Looking Ahead

The first quarter of 2025 has undoubtedly set a dynamic pace for what lies ahead, with bold product strategies, client successes, and ongoing industry recognition paving the way. Prophix is poised for an exciting Q2, teeming with new capabilities, broadened partnerships, and more innovations that will empower the Office of Finance for years to come.

About Prophix

Prophix provides an end-to-end suite of financial performance management solutions, tailored for evolving finance teams. Their platform encompasses every essential financial process—from planning and budgeting to reporting and reconciliation—all integrated into a singular intuitive system. Prophix One delivers innovative solutions harnessing AI and automation, enhancing strategic functions while enabling faster, more confident decision-making. With nearly four decades of experience and a commitment to over 3,000 customers globally, Prophix is at the forefront of transforming finance teams to thrive in an evolving landscape.