Prophix acquires Addedo North America: Expanding expertise in financial consolidation and reporting

Big news for finance teams across North America: Addedo Solutions North America has joined Prophix, marking a new chapter for both organizations. The acquisition brings Addedo’s trusted consolidation and reporting expertise into the Prophix family,  strengthening our depth in one of the most essential areas of financial performance management and giving Addedo clients access to a modern SaaS platform built for the future of finance. 

Who is Addedo and what is their role in financial consolidation and reporting software

For years, Addedo has been a trusted name in financial consolidation and reporting software across North America, helping organizations bring order, accuracy, and confidence to complex financial processes.

Their reputation has been built on deep technical knowledge, personalized service, and a strong understanding of what finance teams need to close the books quickly and report with precision. From managing consolidation to supporting statutory reporting and disclosures, Addedo has helped finance professionals streamline the close while maintaining full compliance.

That combination of expertise and reliability makes Addedo a natural fit within Prophix. Both organizations share the same goal: making finance simpler, smarter, and more strategic for every customer. 

How the acquisition enhances financial performance management in North America

With Addedo joining Prophix, customers gain new opportunities to modernize their consolidation and reporting processes while continuing to work with the people they know and trust.

This partnership gives Addedo clients access to broader resources, local expertise, and the industry-leading capabilities of Prophix One, a unified financial performance platform that brings financial consolidation, reporting, and planning together in one connected experience.

“This is an excellent opportunity for Addedo clients to modernize their financial systems and for Prophix to deepen our expertise in consolidation and reporting,” says Richard Bavington, Sales Director at Prophix.  

“The most exciting part is having a modern, AI-based SaaS platform specifically designed for finance teams. This focus brings rapid development and leading solutions for our clients and the market in general. Change is happening fast, and this partnership ensures we’re ready to deliver for our clients.” 

A shared vision for finance teams and what Addedo customers can expect  

Prophix has spent more than 35 years helping organizations refine their financial performance management processes, guiding customers through change with technology that’s built for finance.

The acquisition of Addedo builds on that foundation. It brings together two teams that share a deep commitment to accuracy, customer success, and long-standing relationships within the office of finance.

For Addedo customers, this partnership means new possibilities. They’ll continue working with the same trusted experts while gaining access to a larger support network, enhanced infrastructure, and solutions that help reduce manual effort and create time for higher-value work from faster account reconciliation to more connected reporting and planning. 

Addedo customers will benefit from:

• Continued relationships with familiar Addedo consultants and advisors.
• Expanded support across North America from seasoned financial performance management professionals.
• A broader suite of capabilities through Prophix’s unified platform to complement existing solutions.

This collaboration ensures every customer continues to receive the same trusted service and strategic guidance they’ve always known now backed by a company that invests deeply in innovation, transparency, and partnership. 

The future of financial consolidation and reporting at Prophix

Finance continues to advance in scope, speed, and responsibility, and teams need partners who understand that pace of change. With Addedo now part of Prophix, we’re combining decades of shared expertise in financial consolidation, reporting, and performance management to help finance leaders meet those demands with precision and confidence.

As integration continues, our focus stays clear: maintain the trusted relationships customers rely on while expanding what’s possible through a unified, SaaS-based approach. Both teams are committed to helping organizations reduce manual effort, strengthen accuracy, and create space for analysis and decision-making.