Case Study: Revamping finance processes for accuracy and efficiency with Health Connect America
Key results
The challenge
Following organizational changes between 2019 and 2022, a new finance team at Health Connect America inherited disorganized finance processes that relied heavily on Excel, even though the company had already purchased Prophix.
The solution
The team operationalized Prophix One to streamline budgeting, month-end reporting, and ad hoc analysis across nearly 100 locations.
“Ad Hoc Analysis is a great feature, making us able to quickly dive into the details and pivot on data, setting up quick reports that we want to dig into.”
TPTyler PattonDirector of Financial Planning and Analysis, Health Connect America
The results, in context
Health Connect America improved operating contribution actuals-to-budget variance by 93%, from 16.1% to 1.1% variance to budget, and decreased month-end reporting from 4.5 to 2 days (a 56% improvement). The streamlined budgeting process delivered annual labor savings of $79,380.