SYSPRO, a global provider of industry-built ERP software and Prophix Software, a global provider of Corporate Performance Management (CPM) software, announced that the two companies have formed a strategic global partnership.
The partnership will give SYSPRO customers access to Prophix’s CPM software to help them make better business decisions by integrating budgeting and planning data into their Enterprise Resource Planning (ERP) systems.
SYSPRO (syspro.com) and Prophix share many common elements and values, which will ensure this partnership brings tremendous value to both organizations. Both SYSPRO and Prophix are privately-held, companies which enables both to focus single-mindedly on developing products that add significant value-add to both their existing customers and the markets they serve.
This global partnership represents a strong growth opportunity for both parties. According to Paulo de Matos, Chief Product Officer at SYSPRO, “We are excited to be partnering with Prophix not only because of the excellent product fit, congruent future product roadmaps and the improved offering in the market, but also because of our similar company cultures and innovative approach to software development and support.”
“SYSPRO expands on business planning functions, delivering significant competitive benefit in aiding existing customers to grow and attract companies which operate globally, while Prophix extends its appeal beyond the office of finance to operations.”
“The integrated reporting, financial consolidation, budgetting and scenario planning capabilities, integrated at the detail operational level with SYSPRO, provide insights to our customers that translate to improved competitiveness due to an increased decision-making support capability.”
“I am thrilled to partner with SYSPRO who have an impressive track record for best-in-class products and services,” said Alok Ajmera, President and COO, Prophix Software. “Our shared business values will ultimately benefit SYSPRO customers and Prophix alike in the long term.”
About Prophix Software
Prophix (prophix.com) develops innovative software that automates critical financial processes such as budgeting, planning, consolidation, and reporting improving a company’s profitability and minimizing their risk. Prophix provides the right balance of simplicity and depth, delivering CPM software that is easy, powerful, and collaborative. For everyone. Thousands of innovative organizations in nearly one hundred countries use Prophix to gain increased visibility and insight into their business performance.