Rels – Prophix story Operating since: Unknown

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Presentation transcript:

Rels – Prophix story Operating since: Unknown Head office: Hopkins, Minnesota Annual revenue: > $1 billion (?) Number of employees: 1,000 G/L or ERP: Oracle 12 Company website: http://www.rels.info Company background: Rels Valuation provides reviews and appraisal services. It also provides proactive service and responsive call center support. The company is based in Bloomington, Minnesota. Rels Valuation is a joint venture between First American Corp. and Wells Fargo Home Mortgage, Inc. Business problems that lead to evaluating CPM, adopting Prophix: They had layers of accounts which made reporting difficult Senior Management found that the costs of conducting appraisals were inaccurate The office of finance led the search for a solution to this problem Wanted to determine whether to outsource appraisals or keep them in-house based on profitability analysis / revenue planning

Rels – Prophix story Benefits: Automated reporting, improved/faster budget cycle Using workflow to empower finance, involve more users, and move beyond the office of finance Prove which appraisal opportunities to outsource or provide in-house Profitability model: allowed for analysis regarding profitability across states/regions Allocations / activity-based costing: allocate costs across all departments (similar to the Taconic Farms solution) Ability to plan expenses across the company with complete accuracy Scenario planning – if the cost of valuation fees rise, how will it affect outsourcing appraisals? How will it affect keeping appraisals in-house? How can either eventuality affect revenue projections? How can either eventuality affect KPIs and the bottom line? Full picture of financial truth

Supporting data: Life cycle Industry (choose all that apply) ☐ New implementation Implementation date: ☐ Preexisting customer YES Original implementation date: Q4 2010 ☐ Existing customer, upgrading Original implementation date: ________________ Industry (choose all that apply) ☐ Agriculture, forestry, and fishing ☐ Professional services YES (real estate) ☐ Financial services YES ☐ Retail ☐ Wholesale and distribution ☐ Telecommunications ☐ Healthcare ☐ Utilities ☐ Education ☐ Architecture, engineering, and construction ☐ Life science ☐ Transportation and logistics ☐ Manufacturing ☐ High tech ☐ Media and entertainment ☐ Government ☐ Non-profit  

Supporting data: Solutions Capabilities ☐ Budgeting YES ☐ Automation YES ☐ Forecasting YES ☐ Prophix Mobile ☐ Reporting YES ☐ Data integration YES ☐ Strategic planning YES ☐ Business modeling YES ☐ Financial consolidation ☐ Microsoft platform integration ☐ Analysis YES ☐ Role-based security YES ☐ Profitability analysis YES ☐ Collaboration YES ☐ Personnel planning ☐ Flexible deployment ☐ Project planning ☐ Ad hoc reporting and visualization YES ☐ Revenue planning YES ☐ Capital expenditures planning ☐ Reporting and analytics (dashboards and scorecards)