PS Software releases PROPHIX software for budgeting and planning.

Mississauga, Ont.-headquartered EPS Software is currently shipping PROPHIX, a new OLAP software product for Budgeting, Forecasting and Management Reporting.

The software follows EPS’s prior release of its Budget 2000 line of financial software.

“PROPHIX is based on our success with Budget 2000, says Paul Barber, President of EPS Software. “Many of our customers have a budgeting system implemented within one week of installing the software. This compares with many weeks or months for most competitors.”

With an entry price of US$6,000, PROPHIX is a mid-market product aimed at medium sized companies that cannot afford the high prices (often $50,000 and up) of other solutions.

“PROPHIX introduces totally new concepts such as OLAP Minicubes and Delta Analysis”, says Bob Walker, EPS Software’s VP of Development. “We have also made great progress in ease-of-use features for budget administrators, so they can get their budgeting system up and running as quickly and easily as possible.”

A PC-based application developed by EPS Software, PROPHIX is a complete multi-user financial application that simplifies enterprise-wide budgeting, forecasting and reporting for Income Statements, Balance Sheets and Cash Flow. The software, which runs on 32-bit Windows Platforms (95, 98, NT, ME and Windows 2000), can be used with a stand-alone or laptop computer, integrated in a network environment or used over the Internet.