"I love working with different parts of the business. It’s not just number-crunching; in Finance we help to drive decision making. I think that using a tool like the software from Prophix will play a big role in this."
"We use to have a million tab excel file that consolidated trial balances, converted the currencies, and eliminated intercompany balances. It was prone to errors and was never correct. Prophix helped make those steps easy and we close the books with confidence now. I highly recommend."
"With improved visibility of business data, we enhanced our product pricing strategy by monitoring the Bill of Materials (BOM) more accurately, quickly, and easily. Previously, pricing decisions were primarily based on customer input and feedback from area sales managers. Now, we leverage a wider range of data, including costs, transportation, and other relevant factors, to inform our pricing strategy."
"Our accountant used to spend a full day distributing reports, now it takes no time at all."
"Raising the level of our data quality has very quickly improved our ability to exercise financial control."
"Before it was only the small team in Group Finance who worked with the data – no one else. Today, the finance functions in the subsidiaries can just log in and that ensures that everybody works with the solution and the data."
"We collaborated with Prophix to develop an aggressive project plan. We had to implement new budgeting processes and accounting principles, and we had to reorganize operating responsibilities into a standard system."
"Napkins, each of which cost less than a penny, represent a significant proportion of our product portfolio. This results in a high volume of transactions. That means that we need to slice and dice into different areas, analyzing our information at the detailed level and making business decisions based on what we see. Prophix gives us a familiar and easy-to-use platform to do that."
"Before Prophix, we were basically incapable of steering our budget process, and often ended up in a situation, where the budgets never really came into play. It has been a major relieve to get a system that quickly secures high-quality and updated budgets."
"Our work developing a personnel planning solution with Prophix’s Detailed Planning Manager puts us way ahead of where we stood when we used spreadsheets."
"The combination of these two models has allowed us to improve business execution and organizational analysis."
"Prophix helps us save resources. Most of it is automated, and we have created significantly greater transparency, clarity and agility in the budgeting processes because we no longer spend time on handling decentralized budget processes and asynchronous data validation."
"Everything was in a slightly different format. We couldn’t review decisions after the fact. There was no master database, no audit trail. We couldn’t easily get an overview of how the individual budget spreadsheets had been calculated. We wanted a way to make the process more consistent, quicker and just better. A single record."
"With Prophix, SonoSite can adjust numbers, consolidate data, and create a profit and loss statement in one hour, versus four or five hours with the old system."
"We found it very easy to use Prophix’s software to automate our core business processes, like budgeting, forecasting, and reporting. In turn, this has helped Finance to operate much more efficiently and to collaborate with other departments to monitor their performance."