Income Statement Report
Scalable income statement reporting to inform everyone from investors to department heads.
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Track profitability, identify revenue opportunities, and get a pulse on where you can improve operational efficiency and margins with Prophix One, a Financial Performance Platform. By integrating your income statement general ledger data from your ERP into Prophix One, you can automate your month-end reporting, creating scalable reports that meet the needs of all stakeholders, from board members to department heads.
With income statement data automatically consolidated to your specific reporting structure, and a drag-and-drop report building interface, you no longer need to manage calculations across multiple spreadsheets. Drillable reports make it easy to identify favorable and unfavorable insights that can be actively used to inform future strategy. Easily see whether increased revenue from a product line might signal a successful marketing strategy and use these findings to guide future expansions. Rising operational costs across a functional unit could indicate inefficiencies, which can easily be drilled into further to inform the downstream team on which costs to manage and how.
Complex tasks, such as multi-currency handling, security, or rolling reports into a new period are simplified and automated. Time references for the current reporting period are centrally managed without the need for formatting changes. Currency translations occur in the background, and security is automatically applied for each user. Create income statements in Prophix One and make financial reporting management a more seamless, efficient process.
Prophix One helps you be proactive—not reactive—in your decision-making. With automated financial statement reporting, corrective action is within reach. Quickly identify whether corrective actions could include renegotiating supplier contracts, reducing discretionary expenses, or pivoting product or service offerings. Get ahead of liquidity challenges, manage stakeholder confidence like a pro, and oversee your operations with razor-edge efficiency.
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