The Prophix cloud-based Financial Performance Platform seamlessly integrates with Viewpoint Spectrum, to give construction professionals greater confidence in their data through the automation of manual, time-consuming processes. With Prophix, Contractors can take control of their profit margins through real-time job cost analysis, streamlined budgeting and planning, intelligent forecasting, and timely WIP reports. Prophix provides both the insight and foresight from bid to perform to close and back again.
Prophix provides timely WIP reports that enable you to analyze your jobs in detail, highlighting potential cost overruns or billings challenges at the phase level, allowing you to reduce margin fade and increase overall profits.
By analyzing historical data and project trends, Prophix provides actionable insights that enable precise predictions, enabling companies to make informed decisions, optimize resource allocation, and ensure successful project outcomes.
Ensure data integrity by streamlining integrations with multiple systems to view a single, unified source of the truth.
Forecasting job revenue has vastly improved with Prophix. We now interface our ERP, project scheduling, and bid management platforms with Prophix. Previously, we gathered multiple spreadsheets for 100+ projects with estimated monthly billing and compiled it into a single Excel spreadsheet. We can now forecast production based on actual quantities coming from MS Project and compare it to the budget to determine if a project is tracking on margin.
As we continued through our model development, the seemingly limitless potential of Prophix was astonishing as compared to our previous budgeting software. To ‘reframe the usual’ we incorporated our entire job cost module, including metrics for analysis. This allows both a macro view of our financial data and enhances the analytics by including visibility at a granular level.