Solution Reviews :: BA | BI
ProSystem fx Profit Driver – CCH
ProSystem fx Profit Driver
Category: Financial Analysis and Reporting
Best Fit
Strengths
Brief Product Description and Pricing
Technical Specifications
Integration with Accounting and Ease of Setup
Representative Client List (if available)
Company History and Contact Information
Commentary (The following is provided by the Editor with notes and comments from others.)
Profit Driver:
Reporting features include:
One-Page Financial Scorecard
Ask an Xpert
ProSystem fx Profit Driver's Xpert will help explain the most complex financial statement ratios and results. Not only can it be used as an aid to your clients, but it can also be used to increase the knowledge of your staff without losing weeks or months of billable hours.
Instant Diagnostic Reporting
Written in plain language and easy to understand, reports instantly provide a complete financial ‘health check’ which accurately identifies key business drivers, results and performance measures in a 14-page diagnostic report!
Goal Seeking
Interactive Goal Seeking allows you to define specific financial objectives and clearly identify the steps needed to achieve your goals - instantly allowing you evaluate, forecast and implement strategic business decisions to achieve your desired results. Get instant answers to crucial questions like:
Flexible Benchmarking Tools Expand Your Financial Analysis Capabilities
Evaluate how your client’s business compares to industry standards with the powerful new benchmarking tool. Traffic lighting on the strategy screen allows you to easily identify both areas of the business where your client excels and where there is room for improvement compared to competitors.
- Consulting Companies looking to effectively add value to engagement by including comprehensive financial analysis using consistent and standardized methodologies.
- For accounting and consulting practices internal use.
Strengths
- Designed for those doing financial analysis and reporting for others
- Accounting based, using Income and Balance Sheet numbers
- Part of the CCH ProSystem Office family of products with integration to Document and Engagement
Brief Product Description and Pricing
- Evaluate how your client’s business compares to industry standards with the powerful new benchmarking tool. Traffic lighting on the strategy screen allows you to easily identify both areas of the business where your client excels and where there is room for improvement compared to competitors. The Goal seeking function crunches the benchmarking data and provides guidance for success in all areas where a business needs improvement.
- Suggested Pricing $2350 for a single user license, and $775 for each additional user. However, pricing is subject to change and pricing is based on per user licenses and other parameters. For detail pricing information for your firm, contact your CCH account representative.
Technical Specifications
- The core engine of the product is written in C++ and the product is designed on run on the Microsoft .NET Platform
- Microsoft Windows XP and Vista
Integration with Accounting and Ease of Setup
- Profit Driver is oriented to accountants making it a simple and straight forward tool for financial analysis. A complete product overview (pdf) gives a good sense of the products strengths and characteristics.
Representative Client List (if available)
- Carr, Riggs and Ingram, LLC
- Plante & Moran Network
- Wiss & Company, LLP
Company History and Contact Information
- CCH Profit Driver is a product from InMatrix, a developer based in Melbourne, Australia. CCH has an exclusive license to sell the product to CPAs in the United States. CCH has made important modification and intends to differentiate Profit Driver through the consulting services that draw on the expertise of CPAs.
- ProSystem fx
CCH Tax and Accounting
21250 Hawthorne Boulevard
Torrance , CA 90503
1-800-PFX-9998
Commentary (The following is provided by the Editor with notes and comments from others.)
Profit Driver:
- Provides the information and flexibility that can help your firm better understand clients, meet their needs, and improve relationships.
- Increases your firm’s service options by acting both as an analytical tool and a business advising tool.
- Allows you to compare business performance against industry standards with benchmarking data functionality.
- Includes dynamic budget vs. actual reporting that allows you to make projections as you budget.
- Financial performance can be evaluated for up to 40 consecutive periods, as opposed to only this year, or last year combined with this year.
Reporting features include:
- Graphical illustrations of strategy tracking, “what if ” scenarios, and goal-seeking
- Informative analysis screens that quickly transform numbers into knowledge
- Reports that monitor cash flow, which clearly and simply highlight all cash movements
- Instant Diagnostic Reporting, written in plain language, that instantly provides complete financial “health checks” that accurately identify key business drivers, results and performance measures in easy-to-read 14-page diagnostic reports
One-Page Financial Scorecard
- Profit Driver offers a unique way of transforming financial statements onto one powerful screen with instant calculation of critical results and business drivers:
- The unique one-page ‘scorecard’ clearly reveals the health of the company and helps you perform superior evaluation of the company’s financial position and make better-informed business decisions.
Ask an Xpert
ProSystem fx Profit Driver's Xpert will help explain the most complex financial statement ratios and results. Not only can it be used as an aid to your clients, but it can also be used to increase the knowledge of your staff without losing weeks or months of billable hours.
Instant Diagnostic Reporting
Written in plain language and easy to understand, reports instantly provide a complete financial ‘health check’ which accurately identifies key business drivers, results and performance measures in a 14-page diagnostic report!
Goal Seeking
Interactive Goal Seeking allows you to define specific financial objectives and clearly identify the steps needed to achieve your goals - instantly allowing you evaluate, forecast and implement strategic business decisions to achieve your desired results. Get instant answers to crucial questions like:
- How do we improve our working capital cycle?
- What are the best strategies to employ to reduce our debt?
- What are the key drivers of our cash flow?
Flexible Benchmarking Tools Expand Your Financial Analysis Capabilities
Evaluate how your client’s business compares to industry standards with the powerful new benchmarking tool. Traffic lighting on the strategy screen allows you to easily identify both areas of the business where your client excels and where there is room for improvement compared to competitors.
The information provided herein is not warranted in anyway and is subject to change without notice.
We recommend that you confirm information contained herein with the appropriate manufacturer or reseller.
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