"The project was scheduled for 24 days and was completed in 23, with well-defined milestones met along the way. Financial Consolidation enables us to carry out the group’s account consolidation in two and a half days and to generate consolidated monthly reports at D+4."
"Because forecasting and scenario planning is designed to facilitate action, it is important that it not be performed in isolation. It requires the buy-in of Senior Leaders in all functions of the company including operations, sales, finance, marketing, IT and supply chain.”
“I’d describe Prophix in one word as flexible. It was really the intuitive nature of the platform that got me excited.”
"Working with Prophix’s software has allowed our Finance Department to spend the majority of our time on valuable analysis, rather than running manual processes. Until very recently, this scenario was reversed."
"Prophix provides an immediate benefit by showing users what has been approved. They experience a sense of satisfaction, secure in the knowledge that they can investigate details themselves without having to request information from others—and without having to check in three different systems!"
"With Prophix giving us a full understanding of our financials and how they relate to decision making, we hold our people accountable."
"We use our solution from Prophix to avoid conventional budget processes, to generate an accurate rolling forecast, and to track the operational benchmarks that correlate with our funding requirements. The software has become invaluable to us."
"Using Prophix's software to automate the creation of our annual budget has been a real game-changer - and we have improved our forecasting, too. We also generate reports on-demand that compare actuals, budgets, projections, previous year data, and variances."
"Prophix is OMU’s go-to application for automating our budgeting, budget reporting, and capital expenditures planning. Since we implemented the software, we have come to rely on its power and dependability."
"We are an analysis-hungry organization and continue to stretch the amount of reporting that we can provide to the business. We've more than doubled our store count since we implemented Prophix's software, but since reports can be set up dynamically that is not a problem. We are able to secure access to the data in ways that before would have been very cumbersome. People now have access to the data they need - without the ability to view confidential information. None of this was possible using spreadsheets."
"We use software from Prophix to identify where donor dollars go. We can even show donors how their donations led to a specific number of meals served or pounds of food delivered."
"We used to email over 250 Excel files back and forth during our overhead planning processes. We recognized that this was unsustainable. Prophix gave us a solution that is scalable to our business, works with multiple ERPs, is manageable for the Finance team with minimal IT involvement, and has proven to be extremely cost-effective."
"Our Finance Department was stuck in 'spreadsheet hell.' Today, with the help of Prophix's software, we have an impressive rolling forecast, we report at the local, regional, and group levels easily, our reports distribute automatically, and we conduct advanced revenue planning for all of our market segments."
"The security, the efficiency, and the various resources [in Prophix] that enable us to automate our financial processes—all of these capabilities have allowed us to make a major impact on our business."
"We use Prophix to do our financial reporting. We use five different ERP systems around the world, four different currencies, and we have plants in the U.S., the U.K., Germany, and China. [Prophix] does all the currency conversions for us and does all the consolidations for us."