Case Study: Accounting for growth at Boulay
Key results
The challenge
Facing rapid growth and difficulty scaling static budgets, the independent accounting firm Boulay sought better visibility into its data. Forecasting relied heavily on time-consuming manual data entry.
The solution
Boulay adopted Prophix One to automate report creation and track staff availability, benefits, and compensation, improving the accuracy of salary and wage forecasts and freeing the team for higher-value analysis.
“Before Prophix, the bulk of our forecasting was time-consuming data entry. With Prophix, we can dive deeper into what drives our forecast and make smarter decisions.”
KBKris BraatenCPA, Director of Business Intelligence, Boulay Group
The results, in context
Boulay reported a 20.9% improvement in net income forecast accuracy and a 15% increase in the accuracy of operating income variance. Contribution margin and net revenue are now within 1% of budget, moving from 8.8% and 5.2% accuracy respectively.