Unified Brands Prophix Story - Transforming Financial Planning & Analysis
Unified Brands, operating since 1907, evaluated their financial planning process and adopted Prophix in 2014 to enhance budgeting, planning, and analysis. By upgrading from Prophix Enterprise, they aimed to optimize business modeling and increase efficiency in managing mergers and acquisitions. With a focus on utilizing Prophix for multiple purposes, Unified Brands embarked on a new implementation journey to streamline their financial operations.
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Unified Brands Prophix story Operating since: 1907 Head office: Jackson, Mississippi Annual revenue: Approximately $500 million Number of employees: > 1,000 G/L or ERP: Mapex Company website: www.unifiedbrands.net Company background: Unified Brands, Inc. designs and manufactures foodservice equipment and products for use in casual dining and quick-serve restaurants, chain restaurants, schools and universities, institutions, hospitals, and prisons. The company provides cooking equipment, cook-chill production systems, and custom fabricated systems, as well as foodservice refrigeration, ventilation, and conveyor systems. Its products include steam jacketed kettles, braising pans, steamers, convection combo ovens, cookers/mixers, water filtration systems, pump/fill stations, cook tanks, water jets, tumble chillers, preparation tables, hot food tables, uprights, blast chillers, equipment stands, drop-ins, display cases, mobile serving systems, ventilation systems, conveyors, raceways, and air handling systems. The company offers its products through its representative companies in the United States and internationally. Unified Brands, Inc. was formerly known as Groen, Inc. and changed its name to Unified Brands, Inc. in 2006. Unified Brands, Inc. operates as a subsidiary of Dover Corp. Confidential
Unified Brands Prophix story Business problems that led to evaluating CPM, adopting Prophix: Unified Brands has been a Prophix Enterprise Customer since 2007. Enterprise was underutilized (only used for budget consolidation [actually a *weak point* of Prophix Enterprise] before we output it to another system ) and staff left, so Prophix was dying there. Tracy Welsh and Jim Tuff visited them in August of 2012 and pitched the Prophix vision to their new Director of Financial Planning & Analysis. For nearly two years we have built a business case, and we finally secured the upgrade. They had stopped maintenance in early 2013. Given the planned uses, it is like a brand new customer with virtually no carry over from Prophix Enterprise. Potential benefits (desired at point of upgrade): Prophix can become basically their overarching solution for their budgeting, planning, and analysis In the Director of FP&A s view, they would use Prophix for multiple purpoes, including for business modeling relative to mergers and acquisitions (where now they use Excel to analyze trial balances, impacts of various scenarios, etc.) Confidential
Supporting data: Life cycle New implementation Implementation date: ________________ Preexisting customer Original implementation date: ________________ Existing customer, upgrading YES, from Enterprise to Prophix 11, in Q3 2014 Original implementation date: 2007 Industry (choose all that apply) Agriculture, forestry, and fishing Professional services Financial services Retail Wholesale and distribution Telecommunications Healthcare Utilities Education Architecture, engineering, and construction Life science Transportation and logistics Manufacturing YES High tech Media and entertainment Government Non-profit Confidential
Supporting data: Solutions built Budgeting YES Forecasting YES Reporting YES Strategic planning Financial consolidation Analysis YES Profitability analysis Personnel planning YES Project planning Revenue planning Capabilities used Automation YES Prophix Mobile Data integration YES Business modeling YES Microsoft platform integration Role-based security YES Collaboration YES Flexible deployment Ad hoc reporting and visualization YES Capital expenditures planning YES Reporting and analytics (dashboards and scorecards) Confidential
