Client Summary
Industry: Software
Website: www.prophix.com


“Prophix Software Inc. develops software that is used by companies for budgeting, financial reporting and planning. We have been a client of Morrison Financial for over ten years and have engaged with them for Lines of Credit and Term Loans. During this time, we have grown substantially, and are today serving 2600 companies in 92 countries by delivering superior value, and allowing our clients to automate important financial and operational processes. Morrison Financial was instrumental in supporting us during the early years, and have been flexible as we have grown and matured as a company.”

Paul Barber

Chief Executive Officer

Prophix Software

Prophix began as a software distributor. After years of implementing financial applications, the company’s founders, Paul Barber and Bob Walker, recognized the market’s need for innovative planning and reporting systems. In the year 2000, the organization developed and sold its first product, Budget 2000.

Today, Prophix develops Corporate Performance Management (CPM) software that automates important financial and operational processes, making companies more profitable and reducing their risks. Business leaders use this software to empower their organizations and gain valuable insight into their companies’ performance.

Prophix and its partners across the globe deliver superior value by combining high-end functionality with low cost-of-ownership and fast implementations. With a product built entirely on the Microsoft SQL Server stack, Prophix streamlines budgeting, planning, reporting, consolidation, and more.

Serving more than 2600 customer companies in 92 countries, Prophix specializes in the mid-market. Most of our customer companies have annual revenues between $25MM and $1B, or operate as divisions of larger organizations. The company is headquartered in Mississauga, just west of Toronto in Canada, and hosts satellite offices in the UK, Europe, and Brazil.

Prophix is covered by leading industry analysts, such as the Gartner Group. They have won awards, including the Microsoft Impact Award for Independent Software Vendor of the Year in 2011 and the Bronze International Stevie Award for Customer Service Department of the Year in 2013. Prophix has also received recognition on the Deloitte Technology Fast 500 list, the Branham300, and elsewhere.

Mississauga, Ontario