Clarifying the Cloud for Corporate Performance Management

Prophix develops innovative Corporate Performance Management (CPM) software that automates critical financial processes such as budgeting, planning, consolidation, and reporting--improving a company’s profitability and minimizing their risk. Prophix software is available both in the cloud and on-premise. Like many other categories of software, CPM is being offered using new technologies that give users access to remote software. This is marketed using many different terms, such as “Software as a Service” (SaaS), “Hosted Solutions” and “Software on Demand.” The collective term for these is “Cloud Computing.” But what is the cloud, and is it appropriate for deploying CPM solutions? Sometimes the Cloud seems to obscure reality. This white paper clarifies what ‘the cloud’ really means and explains Prophix’s strategy of offering choice to our customers.