Case Studies
Read how other companies are successfully using PROPHIX to enhance their business and improve efficiency.
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SirsiDynix - SirsiDynix is a recognized leader of solutions and applications for libraries and the communities they serve. SirsiDynix employs technology to develop industry-leading tools that bring the power of knowledge and information to over 300 million users at more than 23,000 facilities across the globe. SirsiDynix's mission to connect people with library resources that educate and inspire people is built on a philosophy of ingenuity and innovation.
LUSH Cosmetics - With customer satisfaction top of mind, LUSH saw an opportunity in streamlining their demand forecasting to better serve their customers and improve efficiencies. The company wanted to forecast product demand by leveraging historical purchasing patterns for any given store for any future date. They also knew that keeping the store shelves stocked at optimal levels would raise LUSH's sales, increase customer
satisfaction and decrease costs. LUSH leveraged Prophix to drive significant economic gains in a remarkably short time.
ENVIRON - A pioneer in the management of health and environmental challenges for businesses, Environ required a flexible and dynamic solution to replace their budgeting and reporting systems, which relied heavily on spreadsheets. The company chose Prophix because the office of finance recognized that they could tailor the powerful CPM software for their specific needs, including the consolidation of entries from a large number of users across the globe. Armed with a new solution that provided clarity into their data, Environ streamlined its reporting processes, cut its budget preparation time in half, and saved a substantial amount of money with improvements across their operations.
Feeding America - Feeding America implemented a unified performance management solution that offered them highend functionality, reliability, and increased visibility across their organization - allowing them to eliminate the use of complex spreadsheets in their budgeting efforts.
Port of Tacoma - Reliance on spreadsheets frustrated the Port of Tacoma's attempts to make their budgets align with their accounting system. The organization implemented Prophix and saved consolidation time, simplified their forecasting and reporting tasks, and improved their scenario planning. More importantly, improvements to the Port's financial and operational processes provided them with sustainable automated models for the future and made a major impact on their bottom line.
SonoSite, Inc. - SonoSite worked with Prophix to replace their spreadsheet-based budgeting processes and leverage the power of their data. Now the company analyzes information and formulates solutions for their rapidlygrowing business. SonoSite has realized a yearly savings of $81,200 in operational improvements.
Terma - In 2009, Terma made the switch from a home-grown SQL-based solution to Prophix - providing the high-tech applications company with the flexibility and rapid deployment that they needed in order to standardize their budgeting, forecasting, and reporting requirements.
American Automobile Association (AAA) - AAA faced several challenges including the time-consuming budgeting process in Excel and their limited reporting capabilities. Their previous solution involved seventy department managers who completed their budgets in various spreadsheets, which were then consolidated by Finance and imported into Campana AXIS, their general ledger system. Find out how PROPHIX helped them leverage their accounting system and simplify their processes.
Farecla Products - Facing the pressures to trim costs in a recession and devise more efficient solutions for its growing customer base, Farecla, a provider of surface finishing products for the automotive and marine industry, clearly needed a better solution for budgeting, forecasting, sales analysis, and revenue planning. Choosing PROPHIX to replace spreadsheets resulted in not only highly efficient processes but quantifiable benefits in terms of sheer person hours. PROPHIX has helped improve business performance; as the business grows, productivity is maximized with the same amount of resources.
Daishowa-Marubeni International Ltd. - At DMI, month-end processes required many hours of overtime in order to handle multiple, inconsistent Excel spreadsheets. By eliminating spreadsheets with PROPHIX, DMI now manages month-end consolidations in a timely fashion and has established a consistent and efficient process that integrates seamlessly with Microsoft Dynamics GP.
Netsmart Technologies - The cumbersome Excel-based budgeting and reporting tasks prompted Netsmart to seek a better solution. After choosing PROPHIX over FRx and Helmsman, they are now able to budget, report, and analyze data on the fly – all within a single application.
East Jordan Iron Works - Like many other companies, EJIW used Microsoft Excel for budgeting tasks and began to experience more challenges as the company grew. A major challenge for Joe Spyhalski, the Manager of Costs and Budgets at EJIW, was the consolidation of multiple spreadsheets. Joe describes, "We had 5-10 managers managing their own Excel spreadsheet for their area, so it was a mess trying to aggregate all the data. It was a clerical nightmare and it was really difficult to make any changes."
Coleman Cable, Inc. - From a budgeting and planning perspective, the use of Excel was very time consuming and cumbersome. One of the main challenges for Coleman Cable was making changes to plans and budgets, which hampered the ability to respond quickly to changing business situations. "Making structure changes and last minute updates that affect the consolidated totals was very challenging," says Denise Feece, the Director of Planning and Analysis. "The Excel templates were error-prone and we were likely to experience other typical spreadsheet issues."
Wayne State University - Wayne State University's main challenge was the consolidation of data from separate systems for different entities. WSU needed to implement a budgeting solution to establish a common set of processes and to provide the functions that Excel and Banner did not offer. PROPHIX Software allowed the ability to produce consolidated monthly financial reports in a timely fashion with multiple ERP systems and chart of accounts and the ability to process intercompany eliminations, all within rapid implementation time frame.
Educational Services of America - ESA needed a robust system that required as little IT maintenance as possible and offered the automation of tedious processes. Also having investigated Forecaster, Budget Maestro, and Tagetik, the team chose PROPHIX for a number of reasons.
Imdex - With the business growing rapidly, both organically and through strategic acquisitions, it became increasingly challenging to consolidate data with multiple time zones, currencies and ERP/finance systems efficiently. Imdex chose PROPHIX to enhance its reporting detail, workflow, version control, forecasting and month end reporting.
Electric Power Board - Initially using PROPHIX purely as a budgeting package, Electric Power Board now uses PROPHIX for all their financial reporting, which easily handles their various federal regulatory requirements. With PROPHIX and new processes in place, improvements have been realized across the organization-from operational managers to upper management.
Mannatech - The manual budgeting and forecasting processes became too time-consuming, which compelled Mannatech to investigate better solutions. Mannatech implemented PROPHIX in 2003 for its OLAP technology and added strengths in personnel planning, reporting, and analysis. PROPHIX utilizes templates for users to enter data stored in a database, which eliminates manual spreadsheet processes.
Warren Del Caribe - Warren Del Caribe consists of different legal entities in multiple countries and currencies, so consolidating data into a single currency was quite complex in Excel. With PROPHIX, it now takes WDC only ten minutes to convert currencies and create consolidated financials for their central office.
LWCC (Louisiana Workers' Compensation Corporation) - LWCC, Louisiana's largest workers' compensation carrier, went through extensive training and initiatives for creating a brand and were ready to replace their inefficient Excel spreadsheet-based budgeting system. They wanted a product that would provide ownership, preserve data integrity and offer extensive forecasting capabilities. LWCC decided to implement PROPHIX as their budget management software solution. As a result, their budgeting process was reduced by two and a half months, which
allowed them to spend more time on other projects. Overall, LWCC realized better ease of use, improved connectivity, and lower stress levels in upper management. Because of PROPHIX, LWCC is currently saving over $1 million in operational improvements.