Toronto, ON, May 6, 2009 -- PROPHIX Software, a leading provider of financial business intelligence and performance management solutions specializing in forecasting, corporate budgeting, strategic planning, consolidation, financial analysis and scorecarding, has released a new version of its industry-acclaimed Performance Management solution . PROPHIX version 5.1 brings powerful new collaborative workflow management and extended financial consolidation capabilities to the masses. With this release, PROPHIX continues to raise the bar and set the standard as the most flexible, fully-integrated performance management solution on the Microsoft SQL Server platform.

"PROPHIX version 5.1 is a transformational release that demonstrates our continued commitment to enhance and extend our comprehensive performance management solution to an even broader base," explains Geoffrey Ng, Vice-President Product Planning for PROPHIX. "Through extensive market research and close collaboration with customers, we have developed innovative new features such as SmartPortal and Financial Controller for all financial and operational professionals. We've maintained our commitment to be a single application that is fully integrated with the Microsoft platform." PROPHIX version 5.1 was unveiled at the 2009 PROPHIX User Conference, April 19-22, 2009 in Fort Lauderdale, Florida.

Overwhelmingly, customers were excited about the new features which include Financial Controller, a module that streamlines consolidation cycles by providing an accurate and controlled environment for financial information; SmartSwap, a quick adjustment tool that permits users to re-allocate and log debits or credits from one account to another to permit a faster monthly close; and SmartPortal, a customizable home-screen which allows users to personalize their views. Collaborative workflow management has been expanded to include approval levels to offline users, as well as launch processes within a workflow framework.

"With PROPHIX version 5.1, we have realized our goal of creating a feature-rich, comprehensive solution offered at a mainstream price," states Paul Barber, President and CEO of PROPHIX. "No other mainstream solution has the depth of functionality that includes financial consolidations, workflow and offline user support, all leveraging the Microsoft platform and online analytical processing (OLAP) technology." PROPHIX version 5.1 is available immediately. PROPHIX Software is a leader in delivering performance management solutions including budgeting , planning, forecasting , reporting, consolidation, personnel planning and other advanced financial functions.

PROPHIX Software maintains an outstanding reputation with its customers by consistently delivering tangible value and exceptional ROI, with a lower total cost of ownership. PROPHIX maintains Gold Certified status in the Microsoft Partner Program specializing in ISV/Software solutions and Business Intelligence (Data Management Solutions). Gold Certified Partners represent the highest level of competence and expertise with Microsoft technologies and have the closest working relationship with Microsoft. For more information, visit http://www.prophix.com .