Four Years On: Prophix’s Leadership in Financial Close

Four years ago this month, Prophix acquired Sigma Conso, a company known across EMEA for its expertise in financial consolidation. The move signaled a commitment for Prophix to expand beyond planning and reporting, and to take on one of the most critical responsibilities in finance: the close.

Today, consolidation sits at the core of Prophix One, connected alongside planning, reporting, and reconciliation. The result is a close that moves faster, operates with stronger controls, and gives leadership greater visibility. Four years on, Sigma Conso’s trusted expertise has evolved into a complete, connected close within Prophix One establishing Prophix as a leader in financial close and consolidation, with a proven record of innovation.

Read on to see how the last four years have redefined the close. 

Four years of measurable progress

Prophix has long been known for transforming FP&A. Tackling the financial close was a natural next step, a way to give finance leaders a connected experience from planning through reporting. To deliver the strongest consolidation solution possible, we acquired Sigma Conso and integrated its market-proven capabilities into Prophix One.

The result is a unified platform where consolidation, reconciliation, and reporting work together enabling faster closes and better-informed decisions.

Four years later, that commitment to innovation continues to shape how finance teams manage data, collaborate, and deliver insights. 

1. Prophix One: a platform that connects finance processes  

A major milestone was bringing Sigma Conso’s consolidation expertise into Prophix One. By uniting consolidation with FP&A and account reconciliation, finance leaders now have:

• Seamless data flow from planning to reconciliation, reducing time spent reconciling numbers.  
• A consistent user experience across applications, lowering training needs and increasing adoption.
• One secure, cloud-native platform that manages the entire close process from end to end.

This connection eliminated silos, strengthened data integrity, and gave finance teams a single environment to manage performance with speed and confidence. 

 2. A broader suite of financial close solutions in Prophix One

Beyond consolidation, Prophix now offers a full suite of financial close solutions designed to help finance teams close faster and with greater confidence. The suite includes:

• Lease Accounting for compliance-ready calculations and reporting
• Cash Management for visibility into liquidity and positions
• Disclosure Management for streamlined, auditable reporting
• Management Reporting for delivering accurate insights directly to stakeholders

Together, these capabilities give finance leaders greater control over every stage of the close – improving speed, accuracy, and confidence across the process. 

3. Continuous enhancements that improve every close

Alongside these major milestones, Prophix continues to deliver refinements that improve the everyday experience of the close:

• Usability upgrades that simplify navigation and workflows across the platform
• Automation that reduces repetitive tasks in data handling and journal entries
• Governance controls that strengthen audit trails and accountability
• Prophix Copilot, a built-in assistant that guides users through key tasks

True progress shows up in the details; in the updates that make every close faster and more dependable. 

See the progress firsthand

The acquisition of Sigma Conso brought proven consolidation expertise to Prophix.  And now that foundation has been expanded into a comprehensive suite of financial close solutions within Prophix One, delivering faster, more connected processes built for the demands of senior finance leaders.

The future is even brighter. With Prophix One Intelligence powering the platform, autonomous finance is moving from concept to reality and consolidation will be part of that evolution.

See how far we’ve come and where we’re headed. Explore our self-guided Financial Consolidation product tour and experience the progress for yourself.