I have been a fan of Prophix from the start and want to share some thoughts on my “success” story with this FPA.
A little about myself, I’m a mom to 3 boys (18, 16, & 6) and my hobby for the last 18 years have been my boys. Enough said? Just kidding! I love our little excursions with my boys in sunny California and sometimes Hawaii. The picture of us below is in the waters of Emerald Bay at beautiful Lake Tahoe. For downtime, I can sit for hours with puzzles and strategy games with my boys.
I work for Educational Media Foundation, we are a nonprofit Christian media ministry based in Rocklin, California, a suburb of Sacramento. Our ministry has been using Prophix for 10 years now. We even started our personnel planning budget using P3, does anyone remember that module? We transitioned over to DPM fairly quickly after a year or so, but we remained with our on-premise Prophix system until just the beginning of this year. We have about 50 users now and have had nothing but positive feedback about the cloud instance we’re on.
For me personally, I took to Prophix from the very beginning. I attribute that mostly to how I was able to have almost total control over the application setups and template/report creation. Having come into this finance world with a double concentration in accounting and information systems, it felt SO free to finally be able to utilize the more technical side of my brain to develop and “play around” in Prophix without having to run everything by our technology team.
Prophix to me is very transparent. Once I understood how the data is structured, the rest is up to me on how I’d like to use that data.
I have found DPM to be invaluable when it comes to manipulating information with all the calculation options. We currently have 4 active DPM cubes, Personnel, CapEx, LTD, and even one for year-end 990 Functional Expense Allocations. The Personnel cube is used for more than just budgeting headcounts, I use it to track prepay employer health savings funding to the employees and report on the monthly amortization of that prepay. I hope to develop a 5th in the next year or so for our donation revenue budget model.
Also, with the ability to easily push data from one cube to another, I can compile all the data I need to report from a specific cube. As such, I have been able to create bank debt compliance certificates easily from one cube with ratios using both P&L and Balance Sheet data. Our quarterly process for that is now simply updating one time parameter in the Prophix report, print and sign. I’m sure there are many other features of Prophix that I have not tapped into. I am very excited for our next stage of development with this application.
Prophix has helped me to streamline many of my processes thus far and given me more time to devote to our budget managers’ one-off needs and requests. This is where I see Prophix as having helped me with my “success”. Success defined for me is not in the title, I’m still a “Sr Financial Analyst”. I absolutely love what I currently do at this ministry and I have enough “managing” at home to do already. But Prophix enabled me to be a leader in working closely with upper management and gaining their trust in providing them with data and reports pertinent to their success. I can get them the information they need in a timely manner and have confidence that it is accurate and presentable from Prophix. That to me is success on my part.
