Technology

Prophix® Sets a New Benchmark for Financial Performance Management with Prophix One™ FP&A Plus

Published

1 day ago

January 14, 2025

Effortless financial planning & analysis for the midmarket, Prophix One FP&A Plus unlocks business growth opportunities by solving complex challenges with speed and precision

TORONTO, Jan. 14, 2025 /PRNewswire/ – Prophix®, a leading innovator in financial performance management, announced immediate availability of Prophix One™ FP&A Plus, the newest financial planning and analysis application for Prophix One, a Financial Performance Platform. This sets a new benchmark for financial planning solutions by leveraging cutting-edge cloud computing and advanced database technology with a seamless user experience to empower finance teams to work faster, plan smarter, and think bigger than ever before. Designed specifically for the office of the CFO for unmatched performance and scalability, Prophix One FP&A Plus empowers organizations to tackle increased complexity and data volumes while maintaining speed, agility, and precision throughout their planning processes.

“When we launched Prophix One last year, we asked finance leaders to think big about what a financial performance platform could do for their organizations. With Prophix One FP&A Plus, it’s time for finance leaders to think even bigger,” said Alok Ajmera, CEO and President, Prophix. “By harnessing the latest cloud-native technologies from AWS and a cutting-edge database engine designed specifically for planning and reporting, we are opening a world of possibilities for finance teams, particularly in the middle market. Now, finance teams can perform more advanced planning and conduct more granular analyses seamlessly, even during peak periods and large-scale user deployments with zero compromise. This is nothing short of a paradigm shift in financial performance management.”

Plan Smarter, Report Faster, Grow Your Business
With Prophix One FP&A Plus, organizations can unlock business growth opportunities by solving specific challenges with precision, everything from analyzing product-level margins in real-time to optimizing supply chain costs through predictive modeling.

Key Benefits and Capabilities

Fast Processing for Complex Models: The dynamic architecture supports complex modeling and analytics, enabling finance teams to quickly iterate on financial models and scenarios.Rapid Analysis: Easily process large datasets quickly, which is essential for timely financial reporting and analysis.Scalability: Easily scale up or down to meet the changing demands of finance processes and business complexity, accommodating fluctuating workloads during budgeting or forecasting cycles.Unlock a New Level of Planning: With the increased flexibility to model more data with increased frequency and granularity, if it can be planned, FP&A Plus can make it happen.Built for Innovation and Growth: Architected from the ground up to be fully cloud-native to always utilize the latest in cloud-computing technology from AWS and deploy across multiple regions at a global scale.

A sampling of potential Prophix One FP&A Plus use cases include:

Growth planning: Resource planning, project planning, sales planning, production planning, risk planning and analysis.Asset planning and control: Capital expenditure planning, inventory planning, procurement and spend management.Strategic planning: Long-range planning, sustainability and ESG planning, workforce and talent planning, innovation and R&D.

“Our research shows continued strong adoption of performance management solutions for both financial and operational planning as businesses, including the midmarket, look to take advantage of more advanced capabilities that can be easily integrated with existing systems,” said Craig Schiff, president and lead analyst, BPM Partners. “It’s likely many of those organizations will require more complex modeling and analytics support as they scale and increase workloads. Prophix One FP&A Plus addresses that need, providing the architecture necessary to process large datasets quickly, frequently, and with a high degree of granularity.”

The complete finance capabilities of Prophix One, a Financial Performance Platform, including Financial Consolidation, Intercompany Management, and Account Reconciliation, are accessible via a fully integrated suite of applications with a common user interface, harmonized data and interconnected workflows. A continuously evolving platform, Prophix One stays at the cutting edge of financial planning technology, integrating AI, machine learning and advanced analytics to support decision-making at all levels.

To learn more about Prophix One FP&A Plus, register for our upcoming webinar: Think Bigger, Plan Smarter: Unveiling the Future of FP&A Technology on February 26, 2025, at 10 AM EST | 3 PM BST | 4 PM CET.

About Prophix®
Ambitious finance leaders are powered by Prophix to drive progress and do their best work. Leveraging Prophix One™, a Financial Performance Platform, to improve the speed and accuracy of decision-making within a harmonized user experience, global finance teams are empowered to step into the next generation of finance with no reservation.

Crush complexity, reduce uncertainty, and illuminate data with access to best-in-class automated insights and planning, budgeting, forecasting, reporting, and consolidation functionalities. Prophix is a private company, backed by Hg Capital, a leading investor in software and services businesses. More than 3,000 active customers across the globe rely on Prophix to achieve organizational success. Additional information at www.prophix.com.

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SOURCE Prophix

Technology

HevenDrones Partners with SMARTSHOOTER for Drone Defense

Published

10 minutes ago

January 15, 2025

New partnership addresses mission-critical demand for counter-drone technology amid escalating global conflicts

MIAMI, Jan. 15, 2025 /PRNewswire/ — HevenDrones (Heven), the market leader in hydrogen-powered drones, announced today a partnership with SMARTSHOOTER, a global innovator in fire control systems that significantly increase hit probability against static and moving ground and aerial targets.

The collaboration integrates SMARTSHOOTER’s SMASH Dragon platform with Heven’s H100 and Urban drone platforms, enabling precision targeting and engagement of both ground and aerial threats.

“As drone conflicts escalate, we know that counter-drone technology will prove critical to the evolving needs of the armed forces,” said Bentzion Levinson, CEO of Heven. “By integrating our drones with SMARTSHOOTER’s fire control systems, we aim to address customer demand for the future needs of remotely-controlled warfare.”

SMASH Dragon is an advanced robotic weapon payload that can be mounted on various drones and unmanned aerial platforms. Leveraging SMARTSHOOTER’s SMASH proprietary fire control and target acquisition algorithms, along with ballistic-calculated shot release, the system directs the weapon and accurately times the shot to achieve a precise hit. The system is uniquely designed to lock, track, and engage unknown targets in unpredictable environments, whether static or dynamic, day or night, unaffected by target movements or human errors such as fatigue and stress.

Staying at the forefront of military technology innovation, SMASH’s proven track record includes recent successful deployments and significant contracts to supply the SMASH 3000 system to NATO Countries for counter-drone operations and equipping the British Army with SMASH systems for counter-unmanned aerial system (C-UAS) capabilities.

About HevenDrones

HevenDrones was founded in 2019 with a clear vision: To unlock the immense potential of the drone economy. Heven’s hydrogen-powered, runway-independent drones are designed with endurance and adaptability in mind. Built for the most complex missions, Heven’s drones operate anywhere—efficiently, quietly, and reliably— providing the warfighter with the technology to get the job done.

About SMARTSHOOTER

Founded in 2011, SMARTSHOOTER is an Israeli-based company that has developed world-leading fire control systems to enhance the accuracy and effectiveness of small arms. Their SMASH product line, which includes the SMASH Dragon, utilizes artificial intelligence, computer vision, and advanced algorithms to enable precise targeting of both ground and aerial threats, including drones. Headquartered in Yagur, Israel, SMARTSHOOTER also operates subsidiaries in the U.S. (Maryland), Europe (Germany), and Australia, serving a diverse array of global clients such as the Israel Defense Forces, U.S. Army, British Army, and other NATO member forces.

View original content:https://www.prnewswire.com/news-releases/hevendrones-partners-with-smartshooter-for-drone-defense-302352140.html

SOURCE Heven Drones

Technology

HevenDrones Partners with SMARTSHOOTER for Drone Defense

Published

10 minutes ago

January 15, 2025

New partnership addresses mission-critical demand for counter-drone technology amid escalating global conflicts

The collaboration integrates SMARTSHOOTER’s SMASH Dragon platform with Heven’s H100 and Urban drone platforms, enabling precision targeting and engagement of both ground and aerial threats.

About HevenDrones

About SMARTSHOOTER

View original content:https://www.prnewswire.com/news-releases/hevendrones-partners-with-smartshooter-for-drone-defense-302352140.html

SOURCE Heven Drones

Technology

Extinguishing Wildfires with Light at Meta Photonix

Published

10 minutes ago

January 15, 2025

SAN FRANCISCO, Jan. 15, 2025 /PRNewswire/ — MetaPhotonix Inc. (MPI), a Silicon Valley startup, is developing a revolutionary method to extinguish large-scale wildfires using nothing but light – eliminating water! The innovative technology also aims to significantly reduce the need for aircraft, and firefighters, enabling fires to be extinguished by AI remotely at the speed of light.

In 2024, MPI achieved a small yet groundbreaking milestone, by remotely extinguishing a tiny flame, equivalent to the size of a candle, using only light. While small in scale compared to actual wildfires, this experiment serves as a vital proof-of-concept, paving the way for a future where wildfires can be managed quickly and cost-effectively.

“It’s like the first transistor—early stage, but with transformative potential,” said CEO, Dr. Leo DiDomenico, a former NASA Jet Propulsion Laboratory scientist.

MPI’s technology, known as photopyrokinesis, leverages “structured light” from lasers and millimeter-wave sources. These initially low-intensity beams traverse the atmosphere where they would get focused to high-intensity at the disaster area to suppress wildfires without water, chemicals, or close-range human intervention.

This innovation could save the U.S. up to $1 trillion annually in wildfire-related costs, an amount rivaling the nation’s military budget, while addressing up to 20% of global CO₂ emissions.

Using precise light beams, MPI’s technology can potentially even target fires near buildings, offering a critical tool for protecting lives and property. Therefore, this approach is a potential game-changer for the insurance industry, allowing them to keep insuring homes, by reducing claims from wildfires. Each community might someday have its own quick-acting AI fire sentry protecting lives and homes – making fire insurance viable again.

Photopyrokinesis works by directing beams of structured light to fire zones to manipulate the electronic structure of the atmosphere and create localized shockwaves that deny oxygen to the fire. This process provides millions of tiny, controlled explosions each second, extinguishing flames rapidly and efficiently. It is like using dynamite to put out an oil well fire, but much more controlled and targeted.

The structured light’s unique properties allow it to even propagate on curved trajectories, like water from a hose, enabling precise targeting of the fire even in extreme wind conditions like Santa Ana winds.

Founded in 2022 by Dr. DiDomenico, MetaPhotonix Inc. is advancing in the XPRIZE Wildfire competition, but needs visionary investors to help scale this technology and protect lives, ecosystems, and economies from the devastating effects of wildfires.

View original content to download multimedia:https://www.prnewswire.com/news-releases/extinguishing-wildfires-with-light-at-meta-photonix-302351269.html

SOURCE MetaPhotonix Inc