"All our executives overseeing our four functional areas use Prophix to do their personnel planning. As we’re doing budgets for the coming year, we’re able to do periodic reforecasts every 90 days, instead of just doing one annual budget. That way, information doesn’t get stale and we can stay on top of what we expect to happen.”
"It is a strategic imperative that Finance departments evolve, and yet many such efforts fail. Why? I think the main reason is lack of support from leadership."
"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."
"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."
"[Prophix] really gives you the ability to budget at an individual person level. So, you can actually calculate telephone expense, salary expense, automobile expense at a very detailed level, which then can be aggregated up."