Prophix

About

The Prophix One platform offers a range of finance applications, including Financial Close and Consolidation, delivering the accurate, timely, and auditable data you need for tax provisioning, Pillar Two, Country-by-Country (CbCR), and global tax reporting requirements.

Advantages for Tax Teams

• Accelerate Reporting – Faster access to consolidated pre-tax income and adjustments.
• Increase Accuracy – Automated eliminations, FX translations, and ownership rules reduce error risk.
• Enable Global Tax Compliance – Provides the trusted financial data needed for Pillar Two, CbCR, and regulatory disclosures.
• Audit-Ready Transparency – Built-in workflows and audit trails support reliable, traceable reporting.

Key Features & Modules

• Financial Consolidation – Automated intercompany eliminations, minority interest, and FX translation.
• Financial Close Management – Task lists, certifications, approvals, and workflow tracking.
• Tax Reporting Support – Consolidated data feeds into provision, Effective Tax Rate, and global tax reporting (Pillar Two, CbCR).
• Disclosure Management – Integration with narrative reporting tools for external filings.
• Lease Accounting – Ensure compliance with IFRS 16 by centralizing lease data and calculating right-of-use assets
• Reporting & Analytics – Real-time dashboards for financial and tax-sensitive KPIs.

Bottom Line

Prophix One gives you confidence in your close numbers. It accelerates the close cycle, ensures accuracy, and provides the trusted foundation for global tax reporting and compliance. Here at Taxvibes, we are committed to optimizing your tax processes and can seamlessly integrate powerful financial consolidation solutions like Prophix One into your tax tech stack.