Case Study: Bethel University majors in budgeting and reporting
Key results
The challenge
Bethel University needed to reduce the heavy manual effort of its peak budgeting season and give stakeholders clearer insight into fund balances and board reporting.
The solution
Bethel University used Prophix One to automate a monthly fund report showing the university's fund and balance, and to improve its board reporting package.
“That report has been really transformative for so many people because they can now have insight into something that was really veiled or hidden before. With Prophix, I can get the right information to the right people so they can act.”
The results, in context
The university cut budgeting time in half, from 90 hours per week to 45, during peak budgeting season, and established greater trust in reporting accuracy through an improved board reporting package.