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Helping Great Organizations Thrive www.raffa.com P: 202.822.5000 F: 202.822.0669 Effective Corporate Performance Management October 26, 2017 Budgeting, planning & forecasting featuring
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Helping Great Organizations Thrive
www.raffa.com P: 202.822.5000 F: 202.822.0669
Effective Corporate
Performance Management
October 26, 2017
Budgeting, planning & forecasting featuring
Page 1
Introductions & Agenda
Challenges in today’s business environment
What is Corporate Performance Management
Introduction to Prophix software
Questions
Page 2
HINT – SOMETIMES YOU NEED TO CHANGE YOUR SOFTWARE!
Page 3
Our mission is to be a catalyst for positive system change in our community. Raffa is nationally recognized with
access to all the resources of the largest international firms. We contribute to our clients’ abilities to achieve their
missions and deliver promises to the world.
LARGE ACCOUNTING, CONSULTING & TECHNOLOGY CONSULTING FIRM
• Serve 1,500+ organizations in DC/MD/VA (Nonprofit &
Professional Services)
• 300+ specialists on staff at all levels
• Support over 250 Financial System Clients
• Certified System Consultants, Certified Project
Management Professionals, Business Process
Consultants
33 YEARS SERVING THE NON PROFIT COMMUNITY
17 PARTNERS, INCLUDING 11 WOMEN PARTNERS
WOMEN-OWNED FIRM
MULTI-CULTURAL WITH DIVERSITY AT ALL LEVELS
PRIMEGLOBAL ALLIANCE MEMBER
WIDE RANGE OF SERVICES
• Technology Solutions
• ERP & Accounting Systems
• GovCon Expertise
• Software Development
• Managed IT Services
• Audit and Tax
• Managed Accounting
• HR Consulting
• Business Advisory
• Forensics and Litigation Support
• Financial Services, Employee Benefit Plans, Insurance
• Executive Search and Transition Services
NATIONALLY RECOGNIZED
• Top 100 Largest Accounting Firms (WBJ & Accounting Today)
• Top 100 ERP VAR (Bob Scott & Accounting Today)
• Top 100 and Fastest Growing Value Added Reseller
Page 4
Established
in 1987 by
finance
executives
Laser focused
on the Corporate
Management Software
(CPM) space
Prophix empowers
organizations to bring
together all data
sources on a single
platform
More than
3000 customers
in over 100
countries
Headquarters:
Toronto, Canada area.
Other locations: UK, US,
South America,
Denmark, Germany
Recognized by
Industry Analysts for superior
user experience
Page 5
Prioritizing and effectively responding to the demands on the finance function
Gathering insights from the massive data streams available
Ensuring all the necessary skills and capabilities are available
They need to forecast more often
Collaboration is a fundamental requirement
Spreadsheets are a burden Labor and time intensive
Error prone
Data Integrity issues & version control
Confidence in process
Multiple user accessibility
Incomplete solution
Lack of accountability, ownership and collaboration
Page 6
Manual data extraction/ transformation into Excel from
multiple data sources, heavy IT involvement
Complex models, formula errors/ calculation integrity, single-
user
Consolidating budget inputs and managing process is time-
consuming.
Cannot do planning allocations due to complexity/ potential
for error in Excel
Monthly reporting package creation/ distribution requires
extensive effort
Ad-hoc analysis is challenging due to extensive manual
manipulation of data required
Not currently doing forecasting and what-if analysis
Business user accessible, intuitive and easy to use, multi user
Single source of truth, integrating multiple disparate data
sources
Automated workflow management
Flexible budgeting/ reporting at different levels of detail
Seamless and automatic roll-up and consolidation
Automated and powerful data manipulation tools
Streamlined monthly report generation and distribution
Self-service reporting, analysis and decision support
Quick and easy forecasting, what-if scenario capabilities
Key Challenges Desired Capabilities
Page 7
Reduce reporting and planning cycle time
Accelerate responses to ad hoc information
requests
Minimize time to find, extract and reconcile data
Ensure “one version of the truth”
Enhance predictive analytics capabilities
Improve understanding of Product and Customer
Profitability
Analysis
Data collection &
reconciliation
Analysis
Before After
Page 8
As more applications are built,
The role of finance and its value to the business rises
Page 9
Single, unified solution
Comprehensive CPM capabilities
Finance owned, less reliance on IT
Direct integration and drill back
Built for collaboration
Multiple deployment options
Page 10
Helping Great Organizations Thrive
www.raffa.com P: 202.822.5000 F: 202.822.0669
Seth Zarny, Partner
301.279.6500
Buu-Linh Tran, Senior Manager
301.279.6511
Jeremy Taro, Account Executive
301.279.6504
