"With the Excel-based budget planning, it would take probably take three to four months. And a lot of that time was spent on manipulating the data in Excel and getting it to roll out properly. When we went to Prophix, we were able to trim that down to more of a two-and-a-half month cycle, where most of the time was spent on analysis and actually getting into the data and understanding what we were seeing."
"Financial Consolidation brings clarity, accuracy, and confidence to our entire group reporting. This is one of the most user-friendly solutions we have ever used.”
"I know that our financial reports are ‘rock solid’ – they are always accurate and complete. I can say that with confidence because we use Prophix’s software."
"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."