|
With ProSystem fx Profit Driver, you can effortlessly turn your clients’ historical financial data into tactical plans, create strategy, and build their confidence in you as a trusted financial advisor. Profit Driver:
- Helps you “make money” through improving your business consulting effectiveness. This makes your clients more profitable, and allows you to offer them more services.
- 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.
Unlimited Strategy Development Options
Understand financial data with the most comprehensive analysis tools available
- Develop future business goals using the flexible Projection, What If?, Goalseeking and Benchmarking tools
- The only program that allows you to use up to 40 periods to analyze financial statements and create powerful graphics and highlight key trends
- Create, save and manage unique client Chart of Accounts - suitable for every industry group
- Take advantage of the seamless integration with the industry-leading ProSystem fx Office suite and make your financial statements work for you.
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 Goalseeking function crunches the benchmarking data and provides guidance for success in all areas where a business needs improvement.
|
|
Use Profit Driver to grow your business into the one-stop-shop your clients have been looking for!
- Use the unique one-page ‘scorecard’ to clearly reveal your clients’ financial position, helping them to make better-informed business decisions
- Profit Driver’s Xpert will help your firm explain your clients’ most complex financial statement ratios and results, and can also be used to increase your clients’ knowledge without losing weeks or months of billable hours
- Easily determine the effects of a change in your clients’ business financials by performing “What Ifs” on any driver
- Use interactive goal-seeking to instantly evaluate, forecast and implement strategic business decisions for your clients, while defining specific financial objectives, so that you can clearly identify steps needed to achieve your clients’ goal
- Perform projections for your clients as you create budgets with the click of a button
- Evaluate clients’ businesses and compare them to industry standards with a powerful benchmarking tool
|
Profit Driver will allow you to:
- Efficiently add value to engagements by including comprehensive financial analysis using consistent and standardized methodologies
- Clearly communicate with clients and strengthen valuable relationships
- Underscore your analysis with essential targeted reporting
- Build recurring revenues by incorporating ongoing analysis with your clients
Plus, your accounting practice will also benefit by enabling you to expand revenues and:
- Strategically manage your own accounting practice
- Increase client acquisitions when used as a marketing tool
- Raise the bar of excellence and expand the expertise of your entire staff
Budget vs. Actual Analysis
The click of a button lets you perform projections as you create budgets. Review the drivers for the budget, use them as the basis, and from there, you can:
- Spread the projection to create monthly or quarterly budgets
- Enter actual results throughout the year to track performance
- Annualize the statement at year-end and append to the prior-year model
Effective Communication
Communicating the health of the company and strategies for improvement is simple with powerful tools such as:
- Graphical illustrations of strategy tracking, “what if” scenarios, and goalseeking.
- Informative analysis screens which transform numbers into knowledge – in no time!
- Reports to monitor cash flow which clearly and simply highlight all cash movements.
- All reports can be printed, exported to Word, PDF, or e-mailed to interested parties.
With Profit Driver, communicating clients’ health and strategies for improvement is simple!
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
All reports can be printed, exported to Word, PDF, or e-mailed to interested parties.
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.
- Load or import your financial data, and then instantly stress-test financials with only a few keystrokes.
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!
Goalseeking
Interactive goalseeking 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?
|
|
Profit Driver increases your efficiency using integration with the ProSystem fx Office Suite!
- Store and launch Profit Driver files directly in ProSystem fx Document , or send reports from Profit Driver to clients with absolute security via the Client Portal
- Use powerful integration with ProSystem fx Engagement to streamline workflow like never before
- Trail balance data is easily extracted from ProSystem fx Tax and can import 2003, 2004 and 2005 data for more accurate analysis
Streamline or Expand Services
Profit Driver will allow you to incorporate these engagements into your firm’s services:
- Business health checkups
- Working capital management
- Financial forecasting and budgeting
- Succession planning and business growth
- Credit risk assessment
- Bank financing and annual reviews
- Benchmarking against industry peers
- Clients in distress
- Going concern analysis
- Strategy illustration
- Due diligence and business valuations in trade sale or company acquisition
- Assessment of tax position, to assist in financial planning and wealth management
- Creation of realistic management accounts from tax accounts
- Analysis of price vs. volume
- Assess the impact of new asset purchases
- Scenario planning, such as price changes, promotions, revenue growth vs. discounting
- Management by Objectives
Training and Consulting
The training and consulting team will take your use of ProSystem fx Profit Driver to a new level. Our team will assist you in incorporating Profit Driver into your everyday workflow, along with working closely with you to show you best practices for using Profit Driver to build important relationships with your customers. Additionally, we’ll show you how to market Profit Driver and increase your profitability.
|
 |
|
|
