Case Study: Agile finance under one roof for USA Properties
Key results
The challenge
Before Prophix One, the finance team at USA Properties manually budgeted and forecasted five revenue streams in Excel, an error-prone and time-consuming process. CFO Jonny Harmer needed to answer forward-looking questions about projects over the next one, two, and five years.
The solution
USA Properties consolidated planning, budgeting, and forecasting on Prophix One, automating personnel expense allocation by functional group and enabling periodic reforecasts every 90 days instead of a single annual budget.
“As we're doing budgets for the coming year, we're able to do periodic reforecasts every 90 days, instead of just doing one annual budget. That way, information doesn't get stale.”
JHJonny HarmerCFO, USA Properties
The results, in context
A 50% increase in budget accuracy combined with tighter cost controls contributed to a 6.7% increase in operating margin. The personnel-planning margin of error fell 20%, and improved operational planning supported a 4x increase in projects under construction (from four to 16, worth $450M) without adding headcount.