Customer Story
SI Group
“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.”
Janice Butler
Director, Global Management
Reporting & Forecasting
Business Challenges
• Living in ‘spreadsheet hell’
• Struggled when gathering and
consolidating information into standard
formats
Company Background
SI Group is the world’s leading
developer and manufacturer of
chemical intermediates, phenolic
resins, alkylphenolic resins, and
alkylated phenols. SI Group focuses
on nine key market segments
including rubber resins, industrial
resins, adhesive resins, fuels and
lubricants, plastic additives,
surfactants, antioxidants, pharma &
specialty, and engineering plastics.
Automating Finance Processes
Forecasting
Company Overview
Operating since 1906
• No annual budget!
Industry: : Process manufacturing
• Forecast three times per year
Website: www.siigroup.com
• Rolling forecast (15 month trend)
• C
apture expenses at department/expense
level by individual legal entity, upload
back into system
Head office: Schenectady, New York
Annual revenue: $1.2 billion
Number of employees: >2,700
ERPs: Ross/CDC
• Forecast revenue at high level, market
segment, walkover to next year
• E
asily convert and consolidate multiple
entities into group
Reporting
• Import actuals from data warehouse at
the top of each hour
• E
asily report at the local, regional, and
group levels
• G
enerate report binders, and schedule
automatic report distribution
• Run all financial reporting for statutory
requirements (legal entity basis) and
management reporting requirements
(ship-to region basis) simultaneously
About Prophix
Revenue planning
• Very high level, completed at market
segment level
Prophix develops innovative software
• S tart with imported balances from
S&OP system and then build in major
assumptions
processes such as budgeting,
• T ransfer to the financial model to roll-up
into rolling forecast
that automates critical financial
planning, consolidation, and reporting
– improving a company’s profitability
and minimizing its risks. Thousands of
forward-looking organizations in more
Improved Analysis
than 90 countries use software from
• U
se the Ad Hoc Analysis function to slice
and dice metrics as needed
• Easily pivot between data views
Prophix to gain increased visibility and
insight into their business performance.
• Drill-down to find answers when viewing
from a high level
Head office
Additional Offices
350 Burnhamthorpe Road W,
Suite 1000 • Mississauga, Ontario
Canada • L5B 3J1
USA: +1 (800) 387-5915
UK: +44 (0) 118 900 1900
Europe: +45 7023 2375
Germany: +49 160 950 580 22
Brazil (Rio de Janeiro): +55 21 3094 3904
Brazil (São Paulo): +55 11 3583 1652
+1 (905) 279-8711
[email protected]
www.prophix.com