Case Study

Automated Budgeting for A&E Firm with Prophix CPM

Published on March 13, 2025
Practical ERP Solutions Background

Client: Guernsey

ERP Platform: Deltek Vantagepoint

Client's Goals: Replace its manual Excel-based budgeting with a centralized, automated system to improve accuracy, efficiency, and accessibility in financial planning and reporting.

Our Team's Role: Citrin Cooperman led the implementation of Prophix, a corporate performance management (CPM) software, to modernize Guernsey’s financial planning and budgeting. The team streamlined financial data management by transitioning from manual processes to a centralized, automated system, enhancing accuracy, efficiency, and accessibility.


Citrin Cooperman led the implementation of Prophix, a corporate performance management (CPM) software, to modernize Guernsey’s budgeting processes. The team transitioned financial data from manual Excel spreadsheets to a centralized, automated system.

Challenges

  • Heavy reliance on manual Excel spreadsheets led to time-consuming and inefficient budgeting processes.
  • Lack of automation in Operating Committee reporting resulted in delays and data inconsistencies.
  • Decentralized financial data across departments hindered collaboration and real-time decision-making.

Citrin Cooperman's Approach

  • Implement Prophix CPM to streamline budgeting and reporting, reducing reliance on Excel.
  • Centralize and structure financial processes for improved efficiency and data integrity.
  • Develop a scalable, automated platform to support future process enhancements and growth.

Results

  • Accelerated budgeting efficiency, completing the annual budget process within three months.
  • Streamlined financial planning, replacing manual spreadsheets with a centralized, automated system.
  • Enhanced scalability and accountability, enabling regular forecasting, extended reporting, and future process improvements.