Read how other companies are successfully using Prophix to enhance their business and improve efficiency.
Copenhagen Business School - Recognizing the limitations of their General Ledger (G/L) system, members of the finance team at the Copenhagen Business School (CBS) selected software from Prophix to develop their advanced budgeting processes. With the help of Prophix's built-in workflow features and its two-way integration with their accounting software, CBS has built a range of budgeting models that enable them to analyze their expanding operations.
PARTEQ Innovations - Frustrated with spreadsheets and database files, PARTEQ Innovations used advanced Corporate Performance Management (CPM) software from Prophix to automate their financial processes and build operational plans to address their unique business challenges.
Nutricia Export - Seeking greater insight into their financial information, Nutricia Export moved away from their reliance on spreadsheets and used advanced Corporate Performance Management (CPM) software from Prophix to yield the benefits of automating their business processes.
The Milwaukee Bucks - Having relied in the past on spreadsheets for their business processes, the Milwaukee Bucks used Prophix to obtain complete visibility into their finances, to develop advanced budgeting and personnel planning models, and to automate the production of their financial reports based on the new requirements set out by the National Basketball Association (NBA).
The Benevolent Society - Is Australia's first charity, a not-for-profit and non-religious organization that has been helping people, families, and communities to achieve positive change for 200 years. With approximately 900 employees and 800 volunteers The Benevolent Society operates from 64 locations, predominantly throughout New South Wales and Queensland in Australia.
TMG Health - Originally selecting Prophix in order to move away from their reliance on spreadsheets, TMG Health automated their budgeting and, employing a phased approach over time, used Prophix's advanced Corporate Performance Management (CPM) software to streamline a number of important financial processes.
ESA - Struggling to build their company's budgets using spreadsheets, members of the finance and accounting team at Educational Services of America (ESA) resolved to find and purchase an advanced software solution with a unified database. With the help of Prophix, ESA now automates a number of important financial processes, including budgeting, reporting, and forecasting, and uses advanced mathematical modeling to analyze the health of their growing operations.
Porter Airlines - Having experienced challenges with spreadsheets and other reporting tools, members of the office of finance at Porter Airlines Inc. ('Porter') resolved to obtain advanced software that would allow them to model complex business problems and analyze the health of their growing operations. With Prophix, Porter developed advanced reporting processes and created a series of mathematical models to evaluate their business – including the profitability of their air routes.
Wastequip - Wastequip's senior executives sought a means to streamline the influx of data from multiple ERPs into a single unified system pre-configured for common financial processes. Accomplishing this with Prophix enabled them to consolidate their information, to plan for the future with pinpoint precision, and to evaluate their sales performance based on important criteria outlined by the company's key stakeholders.
Coleman Cable, Inc. - Coleman Cable needed a solution to help them escape the pains that they encountered when budgeting and forecasting using spreadsheet programs. With Prophix, Coleman Cable now automates a wide array of financial and operational processes, outputting information in easy-to-read formats. Continually innovating with Prophix, the company has leveraged the solution's power and agility to develop customized methods that drive their return on investment.
Wacom - While in the midst of a large-scale ERP implementation during the summer of 2009, Wacom's CFO recognized a potential shortcoming; the company required additional functionality not available through their ERP that could provide full visibility into their operations and enable them to leverage their data for advanced budgeting and forecasting. Wacom chose Prophix because of the solution's agility and ease of use, and the company began to leverage the new capabilities within just one month. Two years later, Wacom used Prophix's Detailed Planning Manager to drive better decision making at the operational level, streamlining their inventory requirements and fueling increased sales.
Reykjavik Energy - Suffering from their reliance on spreadsheets, the finance team at Reykjavik Energy (RE) selected Prophix in order to readdress their budgeting, planning, and reporting processes. Following a one month implementation, RE began to reap the benefits of a powerful and flexible solution that has simplified their procedures while offering a single, reliable source of financial truth.
EJ USA - Having encountered challenges with spreadsheets, EJ USA, a leading manufacturer of construction castings, fire hydrants, tree grates, and more, used Prophix to revamp their financial processes. Over the years, EJ further developed their Prophix solution and began to mathematically model their company's production, distribution, and sales, constantly evaluating the health of their growing operations.
Electric Power Board - Originally implementing Prophix purely as a budgeting package, Electric Power Board (EPB) now uses Prophix to produce all of their financial reports, which are subject to strict federal regulations. With its new business processes in place, EPB has realized dramatic improvements across their entire organization-positively impacting the working roles of everyone involved, from operational managers to senior executives.
Danish Transport Authority - A government agency within Denmark's Ministry of Transport, the Danish Transport Authority manages the nation's roads, railroads, and aviation systems, and oversees subsidies for the funding of public transportation. The organization features eight business centres with various responsibilities plus a central finance team that provides general oversight, coordinating and managing consolidated operations. Due to a merger with the Road Safety and Transport Agency, and a subsequent merger with Denmark's Civil Aviation Administration in 2010, the Danish Transport Authority assumed regulatory responsibility for roads, the security regulation of civil aviation, and the operation of Bornholms Airport.
Daishowa-Marubeni International Ltd. - DMI's month-end financial processes consistently required members of their corporate accounting group to work overtime while managing several inconsistent spreadsheets. By using Prophix to eliminate their reliance on spreadsheets, DMI now produces month-end consolidations with ease and has established efficient budgeting and reporting processes that integrate seamlessly with their Microsoft Dynamics G/L.
Farecla Products - A provider of surface finishing products for the automotive and marine industries, Farecla needed a better solution for budgeting, forecasting, sales analysis, and revenue planning. Selecting Prophix to replace their spreadsheets resulted in the development of highly efficient processes and quantifiable benefits in terms of sheer person hours saved. Prophix has helped Farecla to improve their operational performance; as the business grows, the company maximizes productivity with the same amount of resources.
Purdue Pharma - Migrating from Prophix Enterprise to PROPHIX 10 eliminated Purdue Pharma's main reporting challenges and improved the organization's budget workflow procedures. Within four weeks, Purdue Pharma created new business models and migrated their processes to the Microsoft SQL Server platform, saving time and money with greater efficiencies. Purdue Pharma now manages their business with important and insightful analysis of the company's operations.
SirsiDynix - A successful developer of software solutions for libraries and the communities that they serve, SirsiDynix sought to improve their personnel-level financial processes. Prophix helped them to get their financial house in order, enabling them to build on-demand reports, perform more agile analysis of their operational plans, and automate a number of their important financial processes.
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 high-end 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.
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.
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.
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.