Prophix Software, a provider of forecasting and financial analysis applications, has rolled out Financial Controller, a module that streamlines the financial consolidation and closing cycle processes.

The framework for Financial Controller includes single database capabilities to integrate processes and enable collaboration. The application supports automated currency conversions using centrally managed exchange rates, an integrated journal entry system for adjustments at any level, and strong allocations and inter-company eliminations features. It supports auditable results by logging all transactions and utilizing role-based security.

Financial Controller is included in the recently released version 5.1 of Prophix’s Performance Management solution.

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